How to leverage on applications to streamline work flows
One of the key benefits of cloud accounting is the ability to integrate the accounting system with the rest of the operations to streamline workflows, reduce costs and improve employee productivity. In this post, we explore a data capture application, HubDoc, and how its integration with your cloud accounting software can bring massive time and cost savings to your business.
What is HubDoc?
Hubdoc is a data collection and management tool that performs the following functions among others:
Automatically files and organizes your digital files into separate folders for easy retrieval and document retention
Allows users to forward documents to HubDoc using a customized email address or upload via a mobile device
Its data capture function uses artificial intelligence and machine learning technology to extract information from uploaded documents for seamless recording into the cloud accounting software
Benefits of using HubDoc
Streamline workflow and reduce human error by eliminating manual data entry
Massive cost savings and improvement in employee productivity since manual data entry currently takes up 30% of accountants’ and bookkeepers’ time (see this article by Xero)
Organisation and retention of financial documents for audit trial
Seamless and fuss-free integration with popular cloud accounting software like Xero
Speak to your accountant
Integrating a new application to your cloud accounting software can be stressful at times. Check if your accountant offers app advisory services. If you have any queries on whether HubDoc is compatible with your cloud accounting provider, feel free to drop us a message or email us and let us know how we can assist you. Our general response time is one business day.
