IS

Vuković Intelligent Systems

small and medium ENTERPRISEs's
Accounting and Invoice Payment

The Challenge

External accounting insisted on physically delivering all the invoices and bank statements in paper during working hours, which presented opportunity cost since this time could be used for core business. Payment of received invoices required meticulous manual work.

The Solution

Automatic entry of invoices payable and receivable in accounting software. Upload and reconciliation of bank statements in accounting software. Finally, generating of payment orders so they require authentication only.

The Benefits
  • Direct savings, external accounting services reduced only to counseling
  • Opportunity cost of time used for administration eliminated
  • Data entry effort reduced to 0%
  • Error rate reduced to 0%
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