Reclaiming your time: Driving efficiencies with tech
The age old phrase ‘time is money’ has never been more valid than in SMEs today, where time is a business owner’s most valuable, and scarcest, asset. Using Outsourcing to fill essential financial personnel roles not only tackles this issue, but also:
- Frees up internal bandwidth by offloading time-consuming
administrative and financial tasks. - Allows SME leaders to focus on growth and innovation, knowing their
finances are in expert hands. - Ensures compliance by leveraging professionals who are up to date
with the latest financial regulations. - Provides instant access to a broad knowledge bank of people, with
insights into all areas to support your business including the latest
financial technologies which can transform how a business operates
internally.
This final point is particularly important as investing in the right technology can be a real catalyst for change.
By implementing the right tools at the right point in a business’ journey, you can significantly improve how your business operates. However, it’s not easy. There are many different cloud based accounting software tools available, and understanding what is right for your business is challenging.
Introduction video
START WITH A TECHNOLOGY HEALTH CHECK
At Menzies, we understand that every business is different with its own set of unique challenges, workflows and internal systems to consider. Introducing new technology is not a ‘one size fits all’ approach.
Menzies works with multiple businesses and understands the benefits of different types of technology, so can introduce the right new systems for your business – not just for today, but to help future proof operations as your business grows.
In order to understand what’s right for a business, Menzies begins by offering its clients a comprehensive health check of existing financial systems and processes. This diagnostic approach allows us to identify core challenges and any gaps in workflow processes. From here, Menzies can then advise on which technology needs to be put in place to help drive efficiencies and achieve instant improvements.
But crucially, having the right tools in place is only the first step. Data and automation on its own can help drive efficiencies, but it doesn’t automatically drive long-term success if you don’t have the right level of human insight to interpret the data and answer important questions like:
A data driven approach to finance is essential for driving future success. Numbers on a page are pointless if you can’t decide what to do with them. Menzies provides businesses with support from expert professionals who can analyse complex financial data, identify trends, and guide strategic decision making. The combination of technology and expert advice that Menzies provides is foundational for driving responsible business growth in the future.
Filling in the gaps
Whitepaper
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