Feeling overworked? You’re not alone. According to Business Careers Guide, most CFOs work up to 80 hours per week. A high stress job, combined with long hours, can leave you looking for some relief.
Help is on the way! Today we’re going to look at 3 ways web forms can help Chief Financial Officers save time by enabling remote access and approvals, easy auditability, and automated, error-free calculations.
1. Remote Access & Approvals
Did you know that Americans spend over $3 billion per year on business travel? It’s true! Do you ever find yourself on the road for business and unable to keep up with the daily demands that are waiting for you back at the office? This is a common problem for C-levels. Fortunately, paperless forms can resolve this remote access issue. When your electronic forms are cloud-based, you can access them from anywhere with an internet connection. This means you can access the documents you need while you’re on business trips. You’ll be able to make remote approvals, submit expense reports, and more.
2. Easy Auditability
Finance-related processes can be complex. That’s because, in order to maintain internal controls, important documents must have multiple touchpoints and approvals. Forms software allows you to track your forms through each step of any process, no matter how complex it is. Because the whole process is electronic, system tracking can be used to build analytics dashboards and to provide easy auditability. While viewing a document within a workflow, at a glance, you can tell exactly where the form has been and how far into the process you are. This information is presented, along with the form, at each new step in the process.
3. Automated, Error-Free Calculations
When your business uses forms to create invoices, these forms can be set up to calculate prices, quantities, tax, shipping, and more. Automating calculations gives you the benefit of reducing errors and saving time. It may seem like a small difference, but shaving off 5-10 minutes from each form can save your team hours upon hours in the long run. We know what it all boils down to: your bottom line. Automated, error-free calculations can help you use the resources you have (time and people) for more important tasks, not just for crunching numbers.
Want all these benefits and more? It starts with Document Management. Check out this whitepaper to learn more about the ROI your team can see by going paperless with a Document Management and Enterprise Automation Platform: Not Your Mama’s Guide to Going Paperless