7 Cost Reduction Strategies for CFOs, FDs & CTO’s + How to Implement Them
Read time: 5 mins ☕ In the ever-evolving landscape of financial management, cost reduction remains a top priority for CFOs,
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Read time: 5 mins ☕ In the ever-evolving landscape of financial management, cost reduction remains a top priority for CFOs,
Maintaining assets is vital for any organisation to keep assets in peak condition, ensuring smooth operations and preventing costly downtime.
The UniFi platform gives you extensive features for limitless use cases. These features enable you to automate Journal Approvals and replace your Journal Approval software.
Not only can UniFi replace your Journal Approval Software, but it can also replace all other 3rd party software. Reducing your need to manage multiple disparate systems and helping reduce your costs. It’s one platform to replace them all.
With UniFi Journal Approval Automation, you can quickly and easily get your journals approved.
Approval of accounting transactions can be a complex and time-consuming exercise, especially if you have a high volume of journals to process. UniFi streamlines your journal approval process with an automated workflow that allows you to manage multiple steps of approval in one place.
It can be configured to have multiple levels of approvals, with each level having different access rights and authorisation thresholds, so you can ensure that only authorised personnel have access to specific data.
UniFi can seamlessly integrate with your accounting system, so journal entries are automatically populated into the system and can be reviewed and approved in one place.
You can add documents and attachments to journals for further clarification and there is a trail of who entered what, who gave first-level/second-level approval, and when. You can reject a journal or send it back to the initiators if it needs correction.
Your journal can ultimately end up as a transaction on the accounting software and the data integrity is maintained.
UniFi also provides real-time monitoring and tracking of all journals submitted, in progress, and approved, so you always have a picture of the progress in each journal.
Other Financial Accounting Use Cases
If you have a unique requirement or use case that’s not listed on this page, it’s highly likely that it’s creatable or configurable in UniFi, please speak to our team and we’ll be happy to discuss your options
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