Make your financial processes more efficient

Streamline your financial processes with BrightAnalytics automated workflows

Managing financial data can be complex. BrightAnalytics helps by automating these processes, making them faster and more reliable.

What are workflows?

Workflows are step-by-step processes that handle tasks automatically. In finance, they reduce manual work and help avoid mistakes.

Standard workflows

When you start using BrightAnalytics, several workflows are ready to go. These include:

• Creating opening balances

• Handling currency conversions

• Eliminating intercompany transactions

These workflows ensure your financial data is accurate and up-to-date.

Custom workflows

BrightAnalytics also offers custom workflows tailored to your business needs. These can:

• Automate cost allocations

• Handle recurring journal entries

• Assign expenses to the correct periods

For example, cost allocations distribute overhead costs across departments based on factors like revenue or staff numbers. This provides a clearer picture of where your money goes.

Benefits of using workflows

By using BrightAnalytics workflows, you can:

• Save time by reducing manual tasks

• Improve data accuracy

• Customize processes to fit your needs

• Focus more on strategic decisions

Conclusion

BrightAnalytics workflows simplify financial management. They automate routine tasks, reduce errors, and provide better insights into your finances. This allows you to make informed decisions and focus on growing your business.