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.
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.
- 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 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)