Avaniko

Tag: CFO

Become An Intelligent Enterprise

Posted on by Manikandan Adigopula

As a CFO of digital age for SME’s, what’s expected out of you in technology.

The Role of CFO in the past was more about improving the processes, internal controls, managing Infra etc. Converting your Organisation into an intelligent enterprise is very critical role of Today’s CFO.  To do that you have to constantly look out for changes in

There are a lot of cloud applications starting from 5 $ per month is available. These applications make your life easier cost effectively. Few of them for instances are below,

1. Proposify – Proposal Management – This a very nice tool that will give you analytics on your proposal to the customer. It will also let you know, if your customer is going through your proposal.

2. Wunderlist – Task Management –it’s a very nice mobile application to manage your to do’s. It also has a free version. If you have this integrated with your Inventory / Accounting / ERP, it will be very great advantage for your reminders.

3. Telegram – Instant Messaging Application – It is also a mobile application, through which you can share a message / Image to a group as a notification / alert. Its also a free application and comes with free API’s. It will be great tool to integrate with your ERP’s for notifications.

4. Repricer.com – Amazon Repricing Application. – It’s a very interesting tool, that we found out recently. You can automatically update the pricing in amazon.com for your products based on the competitor pricing and other parameters.

It’s very challenging as there are numerous products and each organisation might be using these applications differently. In current world, numerous Ecommerce platform like shopify, Magento, Prestashop are also available.

As a CFO you have to analyse which application is suitable to which processes and subscribe for it. One good thing about all these applications is having API’s and can be integrated with your ERP/ Accounting software. 

 Also, the challenges are how you integrate it with your ERP / accounting software to seamless automate your processes instead of someone manually triggering any of it.

At Avaniko, we have helped more than 50 Organisations innovatively turning them into an intelligent enterprise. Reach out to us know to learn more of how to turn your organisation int an intelligent one.

Modern CFO Role in Finance Leadership & Digital Transformation Avaniko ERP Insights

Posted on by Anand Krishnamoorthy

Chief financial officer or CFO holds, sees and analyses financial highlights on his table. Financial highlights include charts of total sales revenue and sales revenue breakdown by geography or region

The Role of CFO in the past was more about improving the processes, internal controls, managing Infra etc.

Converting your organisation into an intelligent enterprise is very critical role of today’s CFO. There are a lot of cloud applications starting from 5 $ per month available. These applications make your life easier cost effectively. Few of them for instances are below,

1. Proposify – Proposal Management

2. Wunderlist – Task Management

3. Telegram – Instant Messaging Application

4. Repricer- Amazon Repricing Application.

It’s very challenging as there are numerous products and each organisation might be using these applications differently. In current world, numerous Ecommerce platform like Shopify, Magento, Prestashop is also available.

As a CFO / CTO you have to analyse which application is suitable to which processes and subscribe for it. One good thing about all these applications are having API’s and can be integrated with your ERP/ Accounting software. 

 Also, the challenges are how you integrate it with your ERP / accounting software to seamlessly automate your processes instead of someone manually triggering any of it.

At Avaniko, we have helped more than 50 organisations innovatively, turning them into an intelligent enterprise. Reach out to us know to learn more of how to turn your organisation into an intelligent one.

Transformation of Accounts Payables

Posted on by Anand Krishnamoorthy

All the fields of accounting are going through a major change. Just not that manual steps are eliminated, you can also notice that many actions process itself is eliminated. Initially its was all cash transactions, which was replaced by cheque transaction now its more and more online transactions. Automation is no longer is luxury is more of a necessity.

We have listed few points below through which you can transform your Accounts Payable process.

Application for your vendors Registration: – You can have your own webpage connected with your ERP / Accounting system for your vendors to submit all the details relevant for you to approve them to be a vendor.  There are also applications like Zoho creator / Google forms through which you are create couple of web pages and ask your vendors fill their data and then manually create the vendors in your system.  Zoho creator can also help you create a mobile application instantly.

Supplier Relationship Management Portals: There are various companies providing Supplier Relationship Management portals. With this you can also manage all the operations of your supplier right from the Purchase order till the payments. You can also create your own portal and integrate with your ERP if there are any custom requirements

Employee Expenses: Similarly, there are numerous mobile applications/ web application like concur, Field sense etc, to easily manage your employee expenses. Instead of asking your employees to send emails of their expenses, it’s a better way to manage your expenses. If you want it to be cost effective, you can also create a google form for your employees to submit their expenses. In case of mobile or web applications, you can directly integrate with your ERP / accounting applications. There also solution that can help your track your employee travelling distances and tracking.

Automated Invoice Processing :  With the introduction of Machine learning, more organisations are moving towards machine learning API’s to recognise and post Invoices in ERP Automatically. The below links are visit a worth.

https://rossum.ai/

https://www.uipath.com/


Also based on the requirements, we can read the PDF’s that are predetermined format to create the Accounting / documents in your ERP / accounting solutions. If you are processing, more than 1000’s of transactions in a month, its worth a try.

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