• Datamolino Cloud Guides

    Learn how to make the most of cloud tools. Understand what each of them does, how they interconnect, and most importantly, how they map to the requirements of your clients’ businesses.

Billentis Report 2016

The 2016 Billentis Report into e-invoicing and e-billing commits to an in depth analysis of the global market. When you’re looking to automate manual invoice processing and speed up AR/AP processing, this comprehensive assessment of current industry trends and opportunities, is an invaluable resource for your small to medium enterprise.

The Billentis Report is unique in covering the full spectrum of factors to be considered when implementing e-billing solutions. It explains exactly how your business can adopt the best solution unique to your needs. In fact, a company that invests in the adoption of e-invoicing technology can reasonably expect any initial outlays to be recouped within just 6-18 months.

Importantly, the report reveals how businesses can generate savings of 60-80% using automated invoice processing over that of traditional paper based methods. Using Datamolino, those savings can typically represent 1-2% of a company’s annual turnover.

One example in the report reveals a full processing cost per paper invoice to be €11.10, with electronic processing this is reduced to €4.50.

The report is researched and authored by leading industry figure Bruno Koch.

Accounting Web and Datamolino - part 1

How to navigate the cloud application landscape

Part 1 of Datamolino’s guide to the cloud (in association with AccountingWEB)

Making the most of cloud tools is a matter of understanding what each of them does, how they interconnect, and most importantly, how they map to the requirements of your clients’ businesses.

In the cloud-driven marketplace, accountants need to take a closer look at their clients’ operations and business processes and be willing to diagnose the weak spots and prescribe appropriate solutions. This proactive approach will put you on the path to being a truly trusted business adviser.

AccountingWeb and Datamolino - part 2

Connect your practice to the cloud

Part 2 of Datamolino’s guide to the cloud (in association with AccountingWEB)

Many clients are also pushing their advisers to support them with cloud- based bookkeeping applications. Some practitioners who may have developed their skills with desktop accounting tools may resist this pressure, but they should remember that the customer is always right. Good web-based software can make clients’ lives easier – but it also brings numerous bene ts for accounting and bookkeeping firms.

Where are these improvements likely to occur? The answers are right there in front of you, but you may need to look at your rm with new eyes and start probing your team to nd out more about the tasks that eat up their time and administrative niggles that cause them the most frustration.

AccountingWeb and Datamolino - part 3

The accountant’s role in the emerging cloud application era

Part 3 of Datamolino’s guide to the cloud (in association with AccountingWEB)

Exploratory conversations will help you map out the business and its challenges. In some cases, the underlying issues may be obvious to you, but any advice you give will only be effective if the business owner or manager has recognised for themselves there is a problem that needs to be sorted out.

In a depressingly familiar scenario, a financial analysis might indicate that cash ow concerns are linked to poor credit control or collection processes. To get action in this area, however, you may need to point out potential cash shortages ahead of time and draw the connection with average debtor days.

AccountingWeb and Datamolino - part 4

Get to know the cloud accounting add-ons

Part 4 of Datamolino’s guide to the cloud (in association with AccountingWEB)

When it comes to commercial and financial processes, people will always encounter bottlenecks and frustrations that slow down their productivity. These niggles are what the business person thinks about when they wake up in the middle of the night, or are the constraints that hold an ambitious accounting firm back from more rapid growth. So before looking for potential solutions, make sure you define the problem.

Who are the people affected by it, and what are their views about the situation? Their insights, aspirations, criteria and enthusiasm for process improvements should be the strongest factors guiding your selection process. Then consider what eliminating those blockages might save the organisation; this will provide an outline guide for the project budget.