Why Does Your Small Business Or Startup Require Automating Accounts & Bookkeeping?

Today, automated accounting is an integral element of business operations. Irrespective of the size of your business, automating your accounting system can lead to increased efficiency, translating into savings of cost and time, and better access to amounts receivable. This is possible because the automating software completes transactions rapidly, allowing customers to approve payments immediately.

Apart from secure payment transactions, automating has a host of other benefits:

• Timely updates of records and data
• Speeding up existing processes
• Reducing or eliminating the need for periodic human intervention, and thus reducing error margins

In the competitive times that we are currently living in, there is very little room for error. Depending on the industry type, acceptable human error margins could hover anywhere between 2% and 5%. While documentation of error is a statistical function and is relative to assignments, automation can help reduce errors.

Automation and Accounts

Automating your accounts will save you a lot of time that would otherwise be used in making manual entries. Functions such as recording credits and debits are an intrinsic part of accounting. Doing this the traditional way eats up time and exposes data to errors. These could range from simple, typographical errors to larger, more serious ones. However, once you automate processes, the software creates folders or sections that are programmed to allot entries to the assigned columns, without error.

With automated systems in place, tracking accounts is also an easier process. Needless to say, automating also plays a role in deterring fraud.

Security and Integrity

The key to automation lies in reducing the opportunities for error (OFE). Lower the OFE, higher the accuracy of your final product. Once programmed, the automation software will also carry out regular updates and reports that can then be reviewed by concerned personnel.

At a time when data safety takes center stage, automated accounting works to reduce instances of human interface, ensuring safety and integrity of the process.

If your organization manages large amounts of numeric data, automation can prove highly cost effective. Automating software can carry out the same amount of work within shorter time periods, and with higher accuracy, thus eliminating the need to rework accounts.

Overview

• Automation allows for customization and improvisation at multiple levels and in a fast and secure manner. Automating your accounts system will ensure that they will remain in sync with the company’s growth. As your offerings grow, so will your accounts; automating will ensure that little or information is lost, while allowing the changes to be smoothly integrated into the existing systems.
• Automation allows for all concerned parties to access their information at will. This in turn, further frees up precious human resource for other areas needing intensive human intervention.
• Since automation also includes keeping a track of activity, there is lesser chance of mistakes going unnoticed for large periods of time. Your vendors and customers both can track their data independently and in a secure manner, reducing chances of fraud.

Automated accounting can prove to be indispensable; especially for small and midsize businesses where budgets are limited. The dual problem of focusing on client requirements while staying well within budget outlines can be resolved by automating accounting processes. Automation can help you do away with the need to establish a resource pool that needs to be trained and maintained. More importantly, it can help you meet your business requirements well within the outlines of your budget.

Analytix Solutions Participating in Jiffy Lube International Convention and Tradeshow

(Woburn), MA: Jiffy Lube is conducting International Convention and Tradeshow this September 18th and 19th at the Hyatt Regency Chicago. Analytix Solutions- a single solution provider offering a complete range of accounting and bookkeeping support for small to mid-size franchise businesses-has been serving one of the franchisees of Jiffy Lube by helping it in planning, implementing and upgrading the existing accounting system to ensure maximum ROI.

Analytix Solutions is participating in Jiffy Lube Tradeshow and offering cost-effective, scalable and qualitative services meant for small and mid size businesses. Company offers one-stop solution spanning from accounting software selection and implementation to integration of third party application which are ideal for multi-unit franchise businesses. These services can offer franchise business the liberty to focus on their core business leaving their non-core functions to Analytix Solutions like Jiffy Lube. Leveraging Analytix financial solutions, franchise businesses can leverage an entirely integrated, secure; web based reporting system that offers real-time access to vital business metrics. Analytix services can improve contingency plans, increase productivity without expanding overhead expenses, and save costs and time through automation. In addition, the company also offers value added services, i.e. IT services, web marketing, including data entry solutions. The company has been in this industry since 5 years and manifests state-of-the-art infrastructure, talented team of experts with vast experience in their respective genres and highly professional business delivery model.

"We have started with a mission to serve startups and franchise businesses to boost their productivity by offering them the liberty to focus on their respective businesses by offering them expert back office financial support though one-stop accounting and bookkeeping solutions. Our online marketing services will also build their brand name by facilitating online marketing tools and platforms. We have come a long way since then. We are looking forward to serving different franchise businesses of diverse verticals offering them winning combination of back office support coupled with solution to online marketing" said Jason.

Headquartered in Woburn, Analytix Solutions has earned a great rapport and wide client base coming from multiple verticals across the globe.

About Analytix Solutions

Analytix Solutions is a professional accounting and bookkeeping service provider along with web marketing solutions with a vision to become one of the prominent back office services and online marketing services providers in United States leveraging its expertise, experience and state-of-the-art infrastructure. For more details about the company please visit http://www.analytixsolutions.com/

White Label and Private Label - A Complementary Concept

Off late, white label products and services have made an enormous impact on the U.S. market, influencing almost everyone, from producers to customers.

There has been a prominent explosion in the number of while label brands. This is specifically true in Europe, where white label goods and services have captured almost half the products and services that is marketed and offered worldwide which may span from consumer products to IT services like accounting and bookkeeping services. This trend is catapulting. What advantages this white label services and products bring in the market and to whom?

Who Are Beneficiaries

White label products and services are those services which are created and produced by one company and the same is branded and marketed by other small and midsized enterprises lacking appropriate infrastructure, manpower, and ample fund and a vision, channel and market to sell the product. Benefits of white label products and services include:

Save Development Cost: These products and services are developed and created by small companies hence the development costs are borne by these companies. This enables the marketing and selling enterprises to save production and development costs on these products and they can cheaply partner with the white label companies to incorporate new products to their services without establishing any in house resources to develop such services and products.

Easy Access to Services: Easy access to solutions and products, in the form of white label products, and services can enable a brand to reach out bigger market faster with customized solution to the customers in a cost effective manner.

Product Expertise: Marketing and private labeling company can retain the viability of innovativeness and scalability in the product and solution by partnering with the developing company. The white label company can always add new updated features to the product and service to offer the private label company an edge over other service providers.

Multiple Service Portfolios: Marketing companies can incorporate diversity in their service portfolio by offering multiple products and solutions to the customers of various verticals.

Market Penetration: Small of midsized private label companies can enter into new markets without actually producing and developing the services and products. It will open up new avenues to the private label companies.

Cross Promotion of Multiple Products: The white label products will enable the private label companies to cross promote and sell different other products and solutions into the market easily at least expense leading to brand building.

In this way white label and small and medium size private labeling companies both are complementary to each other and this concept is very much in trend these days in the global market. Small producing companies can create and develop products and solutions and they don’t need to search for the market. On the other hand the small and midsize enterprises can partner with these white label companies to market and sell their products and solutions under their own brand name at a cost effective manner.


For more information on White Label Accounting and Bookkeeping Solutions send us an email at sales@analaytixsolutions.com or call us at 781-503-9004