Financial Technology and Automation
Improve efficiency in your business using Financial Technology (FinTech) and Automation
OVERVIEW
Upgrade your Financial Technology and Business Automation with OCFO
WHAT’S INCLUDED
Get access to the right financial direction for your growing business.
Are you currently experiencing any of the following issues:
- Do you spend copious amounts of time dealing with the ‘admin’ of your business?
- Are you issuing invoices from Microsoft Word/Excel?
- Are you storing physical expense slips to give to your accountant to finalise your monthly/ annual accounts?
- Are you tracking your receipts on your bank statement to make sure your clients have paid?
- Do you only see your accounts if they are due for tax submission or months after the transactions actually happen?
- Is your year-end accounting a tiring exercise that requires gathering files of documents for your bookkeeper/accountant?
- Does your inventory sit in one system that is not connected to any other system and needs to be reconciled manually?
If you are experiencing any of the above issues, you are not using technology to save your most precious resource… your TIME.
Accurate financial information in real time
In the past, accounting packages were expensive, clunky and bound to your desktop. This has the knock-on effect of also binding you to your desktop. Who wants to be held captive by their accounting package? With the advancements in technology, cloud accounting was born. This has given us the ability to invoice or record transactions at any time, and from anywhere in the world. All you need is a phone or laptop and internet access. It’s that simple.
FinTech can provide you with accurate financial information in real time. Allow yourself to stay up-to-date and informed on:
- Income
- Expenses
- Assets
- Liabilities
- Profitability
- Net equity value
These metrics help provide clarity and direction as to where the business currently stands and what your next steps should be. All are available on an as, when and where basis; saving you time, increasing flexibility, and supercharging your ability to make informed strategic decisions.
Streamline your business systems and procedures
Business automation allows for the streamlining of systems and procedures, integration of the flow of information, and the minimising of human error. This can be achieved with an appropriate and correctly set up automation software. It is important to take a hard look at your finance and operations functions and evaluate what technology will suit the business best to ensure that processes can be automated, streamlined, and made as simple as possible to replicate. This starts creating scale.
Work smarter, not harder – using the latest cloud technologies and automation software.
The rise of the FinTech Industry and cloud technology has changed the way in which we conduct business. Gone are the days of disjointed and disconnected technology platforms that are unable to talk to each other and lack real-time reporting capabilities. Ensuring organisations utilize the latest cloud technology in an integrated environment results in automated systems, faster client delivery and improved data transparency and accuracy.
TESTIMONIALS
What Our Clients Say.
Entrepreneurs change the world. They create growth, job opportunities and social impact. We serve entrepreneurs! Hundreds of founders and management teams tap into the expertise of their trusted finance and accounting partner to help scale their companies.
Business is about people. When you partner with Outsourced CFO, a finance professional or team with the right mix of knowledge, skills and experience is personally matched with your company – working with you to create a world class finance function for your growing company. Your success story is our success story.
PARTNERS
Our Clients.
RESOURCES
Read Our Latest Insights.
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FAQ
Frequently Asked Questions
What is financial technology?
How does FinTech work?
Is FinTech the future and why?
What is the latest financial technology?
How does financial technology help automation in a business?
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