Reduce costs. Reduce risk. Increase efficiency.
All through finance automation.
Whilst everyday realities like the rising cost of materials, project timelines, and responding to tenders for new work may be front of mind for construction; supporting that is an often-invisible activity – financial processes such as accounts payable, accounts receivable, and expense management. It’s the people and processes that ensure the pipeline of supplies and services flows to building sites, invoices are issued, and more.
However, we understand a lot of construction organisations (residential, civil, and commercial) still rely on traditional labour-intensive paper-based processes.
Why automate your account payable process?
Automating your financial processes is more than simply enhancing workflows. Integration and automation can help transform your accounts payable, accounts receivable, and expense management processes from a resource-heavy business necessity to a powerhouse. You can gain very real business benefits, including:
Reduce costsTime is money and by automating your financial process you can substantially reduce labour costs, as well as minimise human error, duplicates, and late fees. |
Gain real-time visibilityGet a complete, real-time view of your expenditure, cashflow, DSO, and enhance your reporting capabilities. |
Better complianceMitigate risks with well-defined processes and audit trails for approvals. |
No more bottlenecksPay on time with procure to pay business processes. Streamline approvals, automate data entry, and easily match POs to invoices. |
Easy data accessRetrieve invoice and account documents easily, reducing costs associated with storing and securing paper-based files. |
Remove manual tasksBy automating your process, you can free up your accounts team to focus on more important tasks. |
Let’s work together to remove the paper risk
We understand there are still a lot of traditional paper processes in construction. However, with paper comes risks, by reviewing your process from end-to-end and integrating automation, you can:
- Improve your cash management with easier and more accurate reporting
- Reduce manual tasks, errors, and the need for human intervention
- Create efficiencies through optimised workflows and existing system integration
- Increase staff engagement and productivity
- Reduce invoice handling and processing costs
- Better store, manage, access, and retrieve data
- Enhance your data security, through secure cloud document management
- Streamline how you process payments, approvals, and vendors
Reviewing a process from the inside can be tricky. That’s why FUJIFILM Business Innovation Australia, along with our sister company FUJIFILM Upstream Solutions offer one-on-one time with an automation specialist.
What finance automation solution is best for construction?
With a lot of solutions out there, it can be hard to determine the right solution for your company.
At FUJIFILM Business Innovation Australia, we focus on finding a solution that answers your needs, not ours. Working together, we can determine which solution aligns with how you work, your objectives, and goals. With customers across the residential, civil, and commercial space, we understand the industry challenges.
Choosing the right solution for your company:
- Step 1 – Process analysis: We meet with you to review your processes and automation needs, mapping out your current processes and workflows. We’ll also review your systems, assessing integration opportunities to further enhance efficiencies and data management processes.
- Step 2 – Insights and recommendations: Working with your team, we’ll create a detailed process assessment and recommend a solution that best suits your needs and integration requirements.
- Step 3 – Implementation and support: We’ll project manage your automation process from end-to-end, working with your team, from scoping to implementation. You’ll also receive training and support from our expert team along the way.
We work with the best, so you get the best
We work with a variety of innovative partners to deliver agnostic solutions, that work the way you need them to. Our technology partners include:
Seamless Integration with your existing software
We can integrate with numerous systems commonly used within the construction industry, so you can continue working within the software you already know and use. Talk to us today to learn more.