Many startups, once they reach a certain size, are faced with the challenge of establishing internal (financial) processes that can continue to support strong growth in the long term, delegate responsibilities to employees without taking risks, and enable cost savings through efficiency.
Many well-known ERP systems map these standard (financial) processes fully automatically within the company, but are often unaffordable for startups. As a result, growth companies are often forced to map the individual process steps in different programs, or sometimes even manually. Not only the question of the necessary process steps or the right programs, but also the interfaces between the various programs and process participants often pose major challenges for young entrepreneurs.
The Pape & Co. team offers you insights into the approach to setting up (financial) processes, works with you to develop how you can effectively implement them in your company, and determines which process outputs are particularly relevant for preparing accounting and annual financial statements.
These are the topics in detail:
- Procedure for setting up processes
- Order-to-pay process (digital)
- Ordering process / inventory management
- Invoice receipt process
- Payment process
- Outgoing invoice process
- receivables management
- Personnel processes and their interfaces to payroll accounting
- Travel expenses interface
- Interface between payroll accounting and annual financial statements
