Avoid Human Error In Accounting
Human error has cost retailers plenty of money in the past. It does not have to be as costly today. The complications that human error causes can be reduced by automating and integrating accounting with software designed for the purpose. ChainDrive’s Integrated Accounting component is designed to provide real-time status updates so errors can be caught and dealt with. The first advantage of the system is that by automating the process, errors are avoided in the first place. The second advantage of the system is that integration provides an immediate, comprehensive view of what is happening in the business.
Automation Reduces Error
An automated process has to be set up correctly and specifically before it is useful. Once that process is in place, it is reliable. Bank reconciliation, invoice matching, cross-referencing and verifying deposits, and other tasks are handled by technology. User-defined functionality allows the retailer to set specific parameters so staff can concentrate on interaction with consumers.
Integration Reduces Superfluity
What happens when multiple channels of a business are siloed instead of integrated? Superfluity: an unnecessary excess of something. In retail accounting that superfluity comes in the form of needless replication of process that could be integrated using a centralized database. Secure storage of all the data from the back end to the front, across every channel, puts a comprehensive source of information in one spot. ChainDrive seamlessly collects, stores, and access that data for authorized use. One database, no superfluity, superb functionality.
ChainDrive Designed The Solution
The ChainDrive integrated retail management software suite has been designed in response to retailers asking for solutions to the challenges they face today. Retail is no longer a simple transaction in a single store; it has become a complicated, interrelated web of global dimensions. Even small businesses have multiple channels now. With every complication, the chance for human error increases unless technology is used appropriately.
The Integrated Accounting component is an excellent example of the way appropriate technology can reduce human error. The software does this by automating and integrating inventory management, expense allocation, commissions, payroll, lease management, bank reconciliation, and all the other aspects of accounting.
In addition, clients of ChainDrive have support every day, every hour of the day. That means tech problems don’t have to wait for business hours to be resolved. Humans make mistakes, but those errors can be reduced and rectified with ChainDrive’s Integrated Accounting component.