Garbage in, garbage out – for that reason we love working with AutoEntry by Sage.

We all recognise that data is valuable, but it is only as good as the quality of the data.

Having control over the quality of the inputs into your finance system such as Sage, Xero or QuickBooks is of vital importance to the accuracy of your reporting (the outputs).

Garbage In = Garbage Out

INPUTS

 Controlling the inputs to ensure this is not garbage can be achieved through a few different processes:

1.    The control over purchase authorisation and input into your accounting platform ensures that only approved invoices are logged in the purchase / accounts payable ledger.

 2.    Once you are comfortable that only approved invoices need to enter the ledger, the accuracy of the recording of these is important.

 3.    We recommend using a tool such as AutoEntry which uses OCR recognition to scrape the information, including line items and automatically push this into the ledger.

 4.    The benefit of scanning the items in is not only to access and loop back to the source document but also to be able to separate line items so they can be coded to different departments and nominal codes.

 5.    AutoEntry stores the scanned document which you can now access from within the reporting in Roveel.

 6.    Reporting is much easier and accurate if the input is correct. You will spend less time identifying errors and correcting them and more time understanding the numbers knowing they are built on a solid foundation.

Reporting is made easier when you have confidence and belief of the inputs. With Roveel’s integration to AutoEntry you are able to link back to the source documents from within the platform. This means answering the questions and understanding specific numbers no longer means you need to track back other software or paper files – its all available at the click of a button.

OUTPUTS

Controlling the outputs through pre-defined reporting ensures the quality of outputs is consistent and accurate. It is essential to:

1.    Understand the reporting needs of the business. Identify the metrics required to monitor top line business performance.

 2.    Ensure that the entire business can quickly access the information they require to better perform in their roles and make informed decisions.

 3.    Have access to the granular level of data so that it can be unpicked, analysed and understood to ensure the business meets and exceeds its top line targets.

 4.    Automate the generation and calculation of reports and move away from manually exporting information into Excel will significantly reduce errors and inconsistencies in reporting quality.

 5.    Ensure the accuracy of the raw data input, the processing and consistency over reporting calculations and methods which will ensure the timely analysis of this valuable data.