Accounting teams rely on email for so much, it’s ridiculous. These teams depend on email to communicate internally with their teams, and externally with customers, sometimes managing four or more inboxes at a time. Managing today’s accounting email inboxes with limited collaboration capabilities means teams are using Slack, Teams, productivity tools, phone calls, IMs, and smoke signals to close the books.
Inboxes fill up quickly. For accounting teams, collaboration is impossible using out of box email platforms. At a time when companies leverage automation in everything from the IT helpdesk to sales tracking to HR, the average accounting team is still using the same software stack from 2002.
Email as the central communication tool for businesses is likely here to stay, but man, oh man is it broken. Especially for accounting teams. That said, for your reading pleasure, we’ve done the heavy lifting and gathered ten of the top ways email is making your accounting team see red instead of green. Here is a recap of the key challenges highlighted over the last few weeks:
- Activity Management
- Visibility and Accountability
- Staying Organized
- Document Management
- Disconnected Search
- The Other Kind of Search
- No Templates
- Data, Reporting, and Analytics
In all seriousness, the manual accounting processes today are inefficient, relying heavily on email and spreadsheets to manage and organize your accounting workflows. Many teams today have an accounting workflow consisting of emailing PDFs and spreadsheets back and forth to each other to be opened, read, and manually updated. This creates disparate, static information that is impossible to keep track of. There’s a better way to manage accounts receivable (AR).
Award-winning Lockstep® connects the world’s accounting teams to help them work better together. The pioneer in Connected Accounting, Lockstep develops tools and platforms for fintech developers and accounting teams to automate workflows between the accounting systems that are at the heart of all businesses.
We created Lockstep Inbox to automate, optimize, and streamline accounting workflows. Get started for free, today!