Workflow Solutions That Benefit CPA’s

As our business world becomes steadily more digital, CPA and accounting firms are applying strategy and technology to their operations to achieve a higher level of efficiency and accuracy.

If you are ready to improve business processes across the enterprise , but are not sure where to start, the following information is for you. Here, we will focus on software solutions CPA firms like yours are using to improve workflow and efficiency.

What is workflow?

Let’s put it simply...

Workflows are the way people get work done, and can be illustrated as series of steps that need to be completed sequentially in a diagram or checklist.

Every business is run by a system of tasks and communications that comprise the operational functions of the day-to-day workload. While changes in the organization may cause a rift in the system, most of these daily processes are routine, and serve to keep the lights on. These activity patterns are known as workflows.

What is workflow automation?

One of the best ways to implement an improved system of operations is with workflow automation.

Workflow automation is the technological method of digitizing and automating business processes to reduce manual labor and workplace inefficiencies. When an organization has many steps in one business process, it can be difficult to eliminate bottlenecks, miscommunications and even mishandling of information. Workflow automation aids in removing human error, speeding up review and approval and providing insight into ways to improve business processes across the organization.

What types of workflows can be automated?

Any workflow that requires multiple, manual steps may be a strong candidate for automation.

• Filing, renaming or making changes to a document

• Reviewing and approving document changes

• Notifying others when a change to a document has occurred

• Onboarding new employees

• Accounts payable processing

• Managing records retention and storage

• Managing and making changes to vendor

Workflow solutions are just one aspect of the digital transformation that’s reshaping the accounting profession today. CPAs who embrace digital trends early will be much better equipped in the future.