Have you ever hit that barrier
when your business has been growing but suddenly your costs are too high,
productivity is low and you’re not making any more profit despite employing
more people? A significant contributing factor to this is an inefficient back
office.
Investing
time and resources in establishing systems and processes from the outset will
make a huge difference for your business. I have worked in recruitment for a
number of years now and some of the most common downfalls I have come across
are:
- Excel spreadsheets used to record pipeline,
income and receipts
- Invoices being drafted using Microsoft Word
- No accounting system in place and everything is
done manually
- Out of date systems being used or systems not
being used to their full potential
- Directors/owners raising invoices and carrying
out the pay & bill process
- Systems not integrated correctly, causing
duplication of work
- Employing full time staff to carry out admin
tasks following inefficient, manual processes
- Employing under skilled staff to carry out
bookkeeping and finance tasks
All the above, can be quite expensive issues in your business especially if you are growing. There are two solutions that will overcome these hurdles – using the right systems that fully integrate and automate your processes and ensuring the right people are carrying out the right tasks.
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