Company digitalisation

More profit, less work – benefit from digital transformation

  • Company digitalisation

    More profit, less work – benefit from digital transformation

Higher enterprise value, more profit, faster processes or: Why should you digitalise?

Thanks to digitalisation, you can generate more revenue with lower costs over a shorter period of time. What sounds too good to be true now, has long since been a reality in many companies.

There is no limitation: No matter whether you are a joiner, gardener, industrial conglomerate or software developer. Digitalisation can help every entrepreneur.

Bookkeeping or never again paper – what can be digitalised?

As digitalisation generally begins with accounting and can basically be implemented in any company with great benefits as everyone has bookkeeping to do.

Digitalisation need not end with accounting. The digital transformation can also lead to a 100% paper-free office.

Hard figures: What benefits does digitalisation really entail?

On average, my daily work shows that digitalisation enables us to save 40 to 60 percent of personnel costs in administration. In addition, we save on direct and indirect storage costs (for archiving accounting documents etc.)

Advantages in our sample calculation for accounting:

Imagine you pay EUR 35,000 per year to an accountant. With digitalisation you could save 40% of these costs. That is equivalent to EUR 14,000 per yer.

Projected to e.g. 15 years, that means you save EUR 210,000.

At the same time, the savings mean the enterprise value rises as your profit is higher. Even with a steady factor of 14, your enterprise value would thus increase immediately by EUR 196,000.

That means: The bottom line shows that digitalisation always gives you more than it costs you.

An overview of the advantages of digitalisation

  • Receipts are accessible no matter where you are
  • No preparation is required for a company audit
  • Administrative costs are cut by 40 to 60 percent
  • No archiving costs
  • Increased liability certainty for the managing director due to the internal control system (see digital Tax CMS)
  • Competitive advantage over competitors as your profit increases
  • Higher selling value of your company
  • Your company becomes more attractive when looking for a business successor
  • Easier communication with the tax authority due to digital interfaces
  • Improved and simplified banking due to digitalised interfaces
  • Improved communication between parent company and subsidiaries or sister companies due to digital interfaces
  • Lower number of working hours required for the annual financial statements
  • Even six-month and quarterly financial statements can be completed almost at the touch of a button.

Step-by-step explanation: How does digitalisation work in your company?

Step 1: Analyse the work processes

Step 2: Think digital and convert work processes to (digital) processes

Step 3: Generate a process plan (written documentation)

Step 4: Conduct workshops with managing directors and employees (inclusion in digital process thinking)

Step 5: Set up a test workplace where managing director and employees are introduced to the technology and weaknesses can be documented

Step 6: Finalise completion and acceptance

Step 7: Gradual or immediate switch to digital processes

Step 8: Aftercare (ongoing support after implementation, monitoring and adapting the system to business development and new legislation)

What does digitalisation cost? How long does it take to implement?

Step 1 (automation up to 60 %):
Duration: 3 months
€ 4,500 net one-off set-up costs

Step 2 (automation up to 80 %):
Duration: 2 months
€ 4,500 net one-off set-up costs

Step 3 (automation up to 90 %):
Duration: 2 months
€ 4,500 net one-off set-up costs

How you benefit from working with Steuerberatung Breit

  • We take the current legal situation into consideration:

    As I also consistently monitor digital Tax CMS for my clients, I am always up-to-date on the current legal situation. Therefore, I can promise that the implementation of the “German generally accepted accounting principles” (GAAP) will be smooth.

  • I live what I sell.

    Thanks to digital transformation, my own company has been 100% paper-free since 2014. I have just as much experience to show in software and process matters. I developed a server solution for paper-free work in 2012 that we use ourselves and that we can confidently recommend to our clients.

  • Extensive expertise:

    I combine the necessary IT expertise with the statutory expertise that goes with my tax accountant license in the areas of German GAAP, digital bookkeeping, GDPR, BEPS (Base Erosion Profit Shifting), ATAR (Anti-Tax Avoidance Regulation), communications by the German Ministry of Finance, OECD agreements and EU legislation.

Are you interested in Tax CMS? How to contact us

Company digitalisationTax CMSBusiness successionCompany transformation

Steuerberatung Thomas Breit
Am Kaiserkai 69 | 20457 Hamburg