NFPs and charities face many challenges when it comes to financial controls. High trust is placed on those responsible for the finances, so it’s vital to have systems in place to automate processes and reduce the likelihood for errors or fraud.
We’ve invited experts from BDO NZ to explain how their NFP clients automate their accounts payable function using ApprovalMax.
During this webinar, we’ve discussed:
How to automate and manage finances, simplify audits, and improve financial compliance reporting
How to implement a delegation of authority policy that’s easy to follow
How to create a seamless accounts payable function while working remotely
How ApprovalMax is a key part of BDO’s Advisory offering – specifically bill and PO approvals, and how audit trails in ApprovalMax provide BDO clients with confidence and peace of mind
BDO in New Zealand extends across 15 offices with over 800 people. We are all working towards providing our clients with exceptional service and developing richer client relationships, offering leading accountancy, tax, and advisory services to clients all over New Zealand.
ApprovalMax extends online accounting platforms such as Xero with approval-driven financial controls for accounts payable and accounts receivable. It replaces paper- and email-based approvals with fully automated multi-role and multi-tiered approval workflows, and ensures spend control and regulatory compliance for both internal accounting and financial service outsourcing organisations.