Financial Automation

To unlock the value of your accountants, you need to automate the tedious, manual accounting work that consumes so much of their time and effort. An automated process that’s repeatable, organized, and transparent reduces your exposure to risk and provides confidence in the reporting outcomes. The resulting efficiency and effectiveness free up your accountants to focus on analysis and input, which is the reason they pursued this profession in the first place. If done properly, this can lead to your accountants loving their jobs again, and the increased level of retention and strategic insight will be reflected in your bottom line.

The most successful process evolution projects start at the bottom. When processes are broken down into smaller and smaller components, opportunities for continued automation and optimization surface organically. Many of the processes that are the easiest to improve and automate are also often the most manual and risky. These can include complex logic-based journals, variance analysis, and open items clearing. See Table 1 for a short list of processes that likely are ready for automation. As an example, let’s look at the process of reconciling a credit card’s receivables account.

Pavise specializes in building custom software to automate your financial recordings from the ground up, or creating custom software to bridge between your existing financial applications. We maintain a team of professional software engineers who specialize in the complex world of finance and financial software and can build solutions that will set your company free from the shackles of outdated accounting.