Increasing efficiency by establishing tools and processes for a data and BI platform
By clicking "Accept All Cookies", you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.
Interim Accountant with focus on accounts receivable and accounts payable
Use cases
Processing of supplier invoices
Ongoing support with financial accounting
Process optimization Reconciliation of customer accounts
Reconciliation of supplier accounts
Support with monthly and annual financial statements
"Thanks to the interim accountant from torq.partners, we were able to significantly reduce errors in accounts receivable and accounts payable and increase efficiency in the company."
-
Accounting Director
Challenges
The team structure was unstable and without proper process documentation.
There was no clear use case for incoming mail, i.e. no differentiation between order management and accounting.
The booking of credit card transactions was based on manual processes.
Manual processes were also required for partner provisions.
There were no company credit cards.
Solution
Creation of process documentation for accounts payable accounting
Setting up separate mailboxes for order management and accounting
Creation of an Excel tool to extract the bank transactions from the account statements in order to automatically generate the upload files in the correct format in the accounting tool
Development of an Excel tool to optimize the calculation of provisions for partners
Support with the implementation of donation sk
Impact
The induction of new employees has been improved and clear guidelines for the finance team have been drawn up.
Efficiency has been increased, resulting in time savings in communication throughout the company.
The susceptibility to errors has been minimized, which has increased overall efficiency.
The satisfaction of other departments with the accounting team was increased through clear processes.
Employees and departments were enabled to use virtual credit cards.
