Online Solutions for Financial Executives:
In today's economy, primary CFO concerns stem from reductions in capital spending, consumer demands, the rising cost of labor and high fuel costs. It's more important than ever for financial executives to look for ways to streamline operations, reduce G&A costs, and increase profitability.
Many top-performing enterprises have turned to SaaS technology in order to reduce costs and streamline operations. Online document management solutions such as Doculivery help any corporation realize such savings in operation improvement in all areas – AP/AR, payroll, and HR administration and management.
A recent report by the Aberdeen group indicates that G&A costs may be effectively reduced all making a positive difference in the performance and efficiency of many business operations.
Online Document Management Solutions:
|• Online pay statements
• Online tax forms
• E-statements / E-invoices
• Online billing with Click-To-Pay
• HR forms and documents
Repetitive invoice inquiries takes up 15% to 24% of employees time. Paperless solutions free up time to focus on other cost implicating tasks.
Online invoicing improves visibility and workflow by 30%. A focus on workflow visibility increases revenue and allows fort costs to be easily traced and reported on for efficient analysis and control. Employee self-serve benefits also increase reducing HR calls and headaches.
Consolidation Efforts Show Need for Online Solutions
Organizations are saving about 40% by consolidating single-function business devices. These smart moves bring decent savings to the bottom line by reducing reliance on high cost, contract-based printer and copier agreements, but shows the need for more effective paperless solutions.