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Software Accounting
In the accounting and finance world, it is always important to find ways
to cut costs. Whether it is by improving efficiencies or getting better
prices for existing goods and services, their eyes are always on the
bottom line. So, naturally the best way to approach the financial sect
of a company is to discuss how you might be able to affect that bottom
line positively.
In an effort to entice the executive officers of a large Louisiana Steel
Company to give eBilling and analytics a try, an account executive
approached the CFO for a meeting to discuss the specific product that he
wanted to demonstrate. The CFO was adamant that their company did not
need eBilling and analysis software; they were, after all, trying to cut
costs, not incur more costs. With some significant arm twisting, the
account executive was able to schedule a meeting anyway.
Upon seeing the demonstration of the product and understanding first
hand the how quickly and easily they could cut costs within their
accounting and finance departments, the CFO was definitely willing to
listen to what the account executive had to say. Since there was no
proprietary software to be downloaded, it was a snap to immediately
install eBilling and analytics to save the accounting department time
and money.
The first cost savings opportunity he saw was in cost allocation. This
particular steel company had 17 locations all over Louisiana. In order
to properly allocate expenses from location to location, they had to
manually analyze and allocate their calls when they received their bill.
By adding eBilling and analysis software, each location was able
receive their individual allocation via email on a monthly basis with no
manual effort required. The CFO saw how this was able to relieve his
accounting department from sifting through excel spreadsheet after excel
spreadsheet. It allowed his employees, instead, to focus on other
projects which saved the company valuable time and money. And as a
result of his added interest, a 30 minute call turned into a 90 minute
call and eventually ended in the Louisiana Steel Company installing
eBilling and analysis software for their monthly cost analysis needs.
This is just one example of how a company was able to install eBilling
and analysis software and see significant return on investment through
cross functional and cross departmental cost savings. And these examples
abound. Many companies have entire departments that sift through excel
spreadsheets on a monthly basis, consuming hours upon hours of valuable
time and resources.
Benefits of eBilling and analysis products:
# Cost Savings - alleviate paper, postage, processing costs
# Non-Price Related Market Differentiator - Go Green
# Faster bill payment - cash in hand
# Lower billing enquiry costs
# Improve customer satisfaction With the downturn in the economy, everyone is looking for a way to cut
costs, run more efficiently, and differentiate themselves from their
competition. These eBilling products do just that. By going green, your
company is a step above the rest and is still able to reap the benefits
of a highly productive, electronic approach at billing and analysis. |
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