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.
Email as the central communication tool for accounting teams 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. Today: Templates!
Challenge Number 8: What the Template?
Know what marketing, sales, HR and IT have that accounting doesn’t? Templates, automation, and workflows! Most of those teams have templates for everything that they plug into their systems, so they aren’t reinventing the wheel every three days (or 10 minutes). Email platforms don’t have capabilities to pre-load templates based on workflow like your marketing department can set up for its promotions. Accounting teams are left with documents, mail merges, and the fear of accidentally copy/pasting the wrong name or invoice number into an exchange with a customer.
With no templates, accounting teams are left to copy and paste from Word files or write new copy from scratch each time. Talk about inefficient!
By depending heavily on email and spreadsheets to manage and organize your accounting workflows, today’s accounting teams rely on time consuming, manual tasks and functions to get the job done. 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.
Missed one the earlier challenges we featured? Check them out below:
- Activity Management
- Visibility and Accountability
- Staying Organized
- Document Management
- Disconnected Search
- The other kind of Search
- Collaboration
Editor’s Note: Get more accounting done with less stress and effort with Lockstep Inbox, our free accounting inbox that will help you act on the customer and vendors that need attention.
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