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COVID-19: Digitalisation of finance and human resources after the coronavirus

Posted: Tue Dec 17, 2024 8:53 am
by sakib35
The current health situation has put at risk a business model in which only 22% of Spanish medium-sized companies invest in digitalisation, according to a study prepared by the European Private Business Survey 2019.

In this context, the need to digitalize financial operations and human resource management as a fundamental area of ​​business organizations has become more evident than ever.
Divina Carbonell, editor at Tugesto , gives us guidelines for pakistan phone number data optimizing human resources management using digital tools.
You are probably tired of reading about the many consequences that the coronavirus has had on companies. I think that by now we have an idea of ​​the magnitude that the pandemic has had on the economic fabric.

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Therefore, in this article we explore a series of guidelines to optimize your financial review and your human resources management using digital tools .

Automatic accounting and chart display to review your accounts
A financial review in times of crisis is one of the cornerstones of any business. To carry it out, you must begin by analysing the company's financial statements for the current period . This will allow you to focus on controlling the company's expenses and income in order to make future decisions.

An effective way to review income and expense items is to classify them by their nature and monitor them fortnightly from the start of the item to assess whether it has provided us with the benefits we expected.

To carry out this control of income and expenses, it is very helpful to have a platform that digitalizes accounting operations. What innovative features do we find in them? The automatic accounting of invoices and the generation of tax models from the integration of your accounting data is one of the most useful.

Online management tools also allow the visualization of graphs and summaries of transactions in real time for a more efficient analysis of the company's financial evolution. Reviewing interactive data dashboards is a simple way to put your financial statement optimization plans into practice without having to waste time manually reconciling invoices.