Transforming Client Accounting Blog
Efficiency is the Name of the Game—How one organization made it happen!
As a trusted business advisor, you can take advantage of infrastructure efficiencies that allow you to focus on what you do best – advising your clients. Consider moving to cloud-based solution, and how an integrated bill management system, combined with a solid financial accounting system, may improve efficiencies within your firm. But, how do you do it? What are the benefits? And, how do your clients benefit?
Recently the National Associate of Water Companies (NAWC) outlined how it accomplished noticeable efficiencies by moving to cloud-based solutions. Along with the help from the staff at LarsonAllen, LLP, this water company improved collaboration and workflow efficiencies, while witnessing an increased benefit in the audit trail process, which aided in its annual audits.
You see, the NAWC was spending precious time twice per month dedicating time to meet with their LarsonAllen representative, reviewing, approving, and signing checks. The manual process, for this company of eight, fatigued dedicated and important resources. Once LarsonAllen moved to an integrated solution, the staff at NAWC could review, approve, and schedule online payments via check, ePayment/ACH, or PayPal with more flexibility and efficiency than ever before. And, best of all, the audit trail was built into the workflow solution.
Before the automated solution was put into place, NAWC staff would have to pull documentation and either email or fax it to LarsonAllen. With its cloud-based solution, users store documentation online, and the LarsonAllen staff can find answers on contracts and bills quickly. As a result, NAWC experienced a reduction in discovery hours and were able to provide faster, cleaner, and a more cost-effective audit trail.
Further, there was no more guessing about if or when bills were being paid. Mike Horner,
Director of Administration and Membership at NAWC, says, “Before [our automated solution was in place], I’d be walking the dog or taking a shower and I’d wonder if a certain bill had been paid. Because our [bill-pay solution] is cloud based, I can find the details immediately, on my home computer.”
So, rather than focusing their time on bill payment and management, the staff at NAWC is now more able to focus on their role at hand—educating the public on the safety of private tap water.
Learn more about how you can automate not only your firm’s bill paying processes, but also that of your clients; so they too can focus on what they do best—their business.
Read more case studies on how firms and their clients are implementing cloud-based solutions so they can focus on the business at hand.
Visit the Trusted Business Advisor Solution paperless bill management site today.