Keeping track of the operational processes and ensuring that the database is properly recognized from the beginning is therefore essential for the other teams, and ultimately the CFO, to have access to up-to-date and accurate accounting figures at all relevant times. But both employees and management can quickly lose track of the work processes, contexts, and consequences, which also makes it difficult to obtain an overview of what is important to prioritize at the time being.
Process optimization is something that can seriously help increase efficiency and should be a sustained focus to help minimize the risk of work processes becoming too complex, opaque and administratively cumbersome.
Process optimization is relevant across many work processes and organizational levels. It is therefore important to clarify where and why problems arise, so a waste of resources is minimized, and workflows are optimized. This applies both to internal processes, but also to interactions with external partners, customers, suppliers, and others. Typically, we work with the internal processes together with the finance department.
For some companies, the optimization of processes results in big savings, and for other companies, it is just as much about the individual employee being able to perform several tasks across functions. It is important to free up resources so that employees can focus on a specific task, instead of wasting time on unnecessary tasks and cumbersome processes.