Business and finance. Finance and business. It doesn't matter what we call them or the order in which we put the two concepts. These are two terms that have formed an inseparable pair since the beginning of time. However, in recent times, this centuries-old relationship has been affected by a new element: technology. How much impact has the arrival of new technologies had on this pairing? How have technological advances revolutionized this duality? We'll tell you in this article.
Finance and business: a centuries-old relationship that has changed
What is finance in a company? Well, we could say that finances to companies are like air for humans: absolutely vital. Without financial controls , no type of business can be viable. It's that clear and simple. In the long term, any organization needs its income to exceed its expenses in its balance sheets. It's that simple.
Well, to achieve this, it has been essential to keep accounting of what comes in from profits on purchases and what goes out for investments and business expenses. It is something as old as life itself, more or less. And, consequently, the figure of the chief financial officer is also as old as life itself. This professional is responsible for making sure the accounts balance at the end of each month and each year.
In the past, CFOs spent hours and hours behind a desk with paper, pens, calculators, and account books. It didn't matter whether it was a large company or an SME. They all needed to keep track of their finances to see how they were doing economically. However, in many cases, the problem was the time spent on tasks related to finance and accounting of a business.
However, something has changed everything. And it has done so in just a few years. new technologies. We have discussed this before in other articles on our blog, but it is a palpable and real fact. That is why, at easyap, where we have a team of finance and technology specialists, we can say with certainty and from our own experience that finance and companies have a new traveling companion: technology.
How to automate your finances and your business?
At easyap, we realized long ago how much technology could contribute to the world of finance and business. That's why, knowing the working world we were in and seeing where we could steer the course, we launched our technological solution. A system that is ideal for the new context in which the new phase of any market and company is developing.
Nowadays, you either go digital or you don't exist. Therefore, it is practically an obligation to take advantage of electronic technology to optimize resources and save time and money. These are precisely two of the objectives that any manager pursues in their day-to-day work.
And how can you automate your business finances? By helping and supporting you with reliable technological solutions. For example, with our system you can automate the financial area of your company, as we allow you to:
- Manage the workflow of your invoices electronically, in addition to, of course, being able to issue and receive your electronic invoices.
- Establish a supplier portal where, in addition to receiving the invoices issued to you and recording those you send, both parties to the transaction can check the status of these invoices in a simple and agile way.
- Record each and every employee expense that may arise in your business.
Each and every one of these actions, so typical in the day-to-day and month-to-month running of any business, greatly simplify the functions of any finance department. And the best part is that they allow time and money to be allocated to other matters.
On the other hand, corporate finance is not the only field where technology can be applied. technology offers multiple competitive advantages. Technology and what it enables companies to do goes beyond the financial area. For example, its impact on marketing also means that today every organization has had to adapt to a new scenario in which to sell and communicate with its potential customers.
Why use easyap to improve a company's finances?
However, we are easyap, and although we are experts in technology in general, we focus on its relationship with and impact on finance. In fact, our origins lie in the union between technology professionals and financial specialists.
It was 2001 when we realized that we could leverage the knowledge of a team of finance and business experts and combine it with the wisdom and experience of several professionals in the technology and IT sector. That's how easyap was born, and since then we have grown and worked to become what we are today. A solution to automate and improve company finances for the following reasons:
- We have an extensive track record of more than two decades in financial and IT projects of various kinds.
- We have worked in a wide variety of sectors. From banking and finance to the automotive industry, including human resources, marketing, and distribution.
- We work with a Saas Model that does not require the client to invest in technology for automation and improvement beyond what we implement ourselves.
- We adapt to different types of companies, both large and small. How? With our software, for which the client only pays for each electronic invoice they issue.
- International experience, as we have implemented solutions in the Americas, Europe, and North Africa.
In turn, after so many years carrying out various projects of all kinds around the world, we have also been able to gather our own data. With all this, we can assure you, based on what we have seen, that once our system is implemented, savings of 25% in less than 5 months.
Use our calculator to find out the cost of your bills.
What's more, at easyap we provide a calculator that you can use to calculate the current estimated cost of processing the invoices you have received. In addition, thanks once again to technology applied to business and finance, you can use it on our website. To do so, simply follow these steps:
- Select the country where your company operates and the sector in the first two drop-down menus that appear.
- Enter, as indicated in each field, the different employee costs you have per department: administrative staff, managers, and employees in departments dedicated to billing. In turn, next to each of these positions, you will have to indicate the average gross annual salary. Our calculator will instantly give you the total sum.
- Let's move on to the volume of invoices received. At this point, you will need to include the number of invoices with orders and the number of invoices without orders (both on an annual basis). In turn, you must enter the formats of these invoices (whether they were received on paper, in PDF, or if they are electronic invoices).
- Finally, it will be additional costs that may affect the calculation. For example, outsourced services or document storage and retrieval services, scanning software, OCR software, and other specific software or hardware that has been used. For software, you will also need to include the amortization period for each item.
In four simple steps, you can quickly and easily find out the estimated cost of the bills you have received this year. Even so, with all this data entered into the easyap cost calculator, we offer you one more option: get a productivity benchmark with respect to the sector in which you operate. Just enter your email address and click on the "Calculate" button to receive it in your inbox.
As you can see, using our calculator would be a great way to start automating your business. We want to help you, but we can do so in many other ways. That's why we offer you different ways to contact us so we can talk and get to know each other.
Call us at 902 327 927 or +34 914 562 845, or write to us using the contact form on our website or come and visit us at our office in Madrid (Paseo de la Castellana 135, 7th floor). If you prefer, you can even, we can call you at a time that suits you to arrange an appointment. Just mark the date and time that suits you best in your calendar. We are waiting for you, and so is the digitization of your business.
