According to a survey conducted by OnPay in 2019, over 87% of small businesses reported that they turned to their accountant for advice on several business areas.
Apart from maintaining the books and filing taxation for the company, an accountant also has the knowledge to help you choose your business structure, create your budget, process the employee payroll, and give insights on the company’s current financial status.
However, you accountant can make mistakes like all humans do, and while they may seem small at the beginning, they can snowball into something that can negatively impact your business in the long run.
Moreover, the accountant may not be well-versed in tapping the complete potential of how the data they enter in accounting systems can help with the business insights with technologies like artificial intelligence and machine learning.
Apart from these, many accountants face problems in keeping track of when their customers will pay their invoice and when they should send for a reminder when the payment date approaches.
All these problems can be solved by adopting an AI/ML-driven smart business intelligence (BI) platform like ZikZuk Technologies’ Business Finance Manager (BFM). Here are some of the ways how BFM can help your accountant get better insights:
360 Degree Visibility
BFM can help give you a complete view of the company’s financial situation along with snapshots of important metrics like payments, receipts, purchases, and sales, which can help make better business decisions.
Automated Payment Collections
A unique feature of BFM is that it helps get payment collections over 20% faster from your debtors by sending them automated timely reminders using popular medium like SMS, email, and WhatsApp.
Syncs With Tally
BFM synchronizes seamlessly with popular accounting software like Tally, so that the accountant can check their data from Tally on mobile anytime and anywhere and even the business owner will be able to access it easily.
Cash Flow Management
ZikZuk’s Business Finance Manager also helps simplify the cashflow management by giving actionable insights based on historical data. These can be used by businesses to manage scenarios like having emergency funds or purchasing machinery.
Know more about how BFM can help boost your business growth. Reach out to ZikZuk and switch to BFM today!