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Chamber of Commerce found that 79 percent of SMBs surveyed said they’re using digital tools to communicate with customers and suppliers, with similar penetration rates found in SMBs’ efforts in sales, customer information and advertising. The impact and ROI of electronic invoicing can be more immediate, too.
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Approval Flows Approval flows automate the process of requesting approval for things like invoices, budgets, or scheduling requests. Some of these tasks include saving emailed reports to SharePoint, sending bulk emails to communicate salary changes, or triggering status changes when a new sales lead comes into the system.
They can also bring to your attention many key details that must be communicated to investors to secure their interest. Improving your billing and collections : A CFO can help you review your billing and collections process and suggest ways to improve it, such as by implementing systems to track invoices and follow up on overdue payments.
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