Accounting digitization needs a chip change

One of the main problems that SMEs have to face is that of company accounting. Keeping it up-to-date, as well as invoices, promissory notes, and tax payments requires a lot of time and a lot of headaches. In addition, it is usually those responsible for the company who have to do these tasks, resulting in a high cost (in time invested) that does not make visible the advantages that it brings in the medium and long term.

The last quarter of the year is a key moment for rethink the strategy accounting. After more than a year and a half of pandemic with continuous changes in the different business areas, accounting should be a priority on the list if the entrepreneur wants to stop worrying about peripheral issues and be able to focus, practically 100% , in developing its business model.

“If the company is very small, the normal thing is that they do not have accounting knowledge and hire a consultancy, which will be in charge of requesting the documentation quarterly to file the taxes. At the end of the day, tax filings are really the important deadlines and those that set the rhythms of work for companies. However, in this way the company will never keep the accounting up to date », says Pablo Jiménez, CEO and founder of Enzimum. “This causes accounting to become one of the main headaches for companies today”, highlights.

In addition, it refers to another circumstance: budgets. “SMEs work with very tight budgets and tend to assume a lot of workload that makes accounting become secondary and do not collect documents until the end of the quarter, which is when you have to file taxes”, continues Jiménez.

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Faced with this scenario, small and medium-sized companies have seen the need to embrace the digitization of all their areas in order to adapt to new needs and have a competitive advantage that makes them stronger in the market. According to the 2021 Innovation Barometer, from the Kantar consultancy, 86% of SMEs see innovation as the main key to overcoming the crisis. In addition, 27% of small businesses acknowledge having had to speed up your processes of digital transformation in the wake of the pandemic.

A necessary evil

“For SMEs, accounting is an internal burden that arises when undertaking such as paying taxes, paying self-employed workers, obtaining administrative licenses, paying fees … It is a necessary evil for companies”, affirms Pablo Jiménez.

In this sense, and to stop seeing this as a problem, the founder of Enzimum believes that change must go through the “Digitization, process optimization and let the machines work, since accounting has its days numbered as we know it today”.

Thus, solutions have emerged that digitize the service, automating it and releasing worries in companies. Such as Enzimum herself. The company was born three years ago due to the amount of purely mechanical and slow tasks that are still carried out by hand to offer a quality and digital service. “The companies needed more value in the service than their advice offered them. Likewise, the consultancies had to reduce their costs and that is where the innovation in value that we have pursued since we were born takes place, offering a service that is as comfortable, useful and agile as possible to the client, reducing the cost structure and increasing quality ”, Jiménez asserts.

A perfect counterpoint to the mentality of traditional offices. While his mentality is solely that of ‘filing your client’s taxes’; Enzimum’s is to ‘offer an agile, useful and comfortable service while your taxes are being presented’. Thus, this tool manages to keep the accounting up to date in a simple way, sending the invoices and immediately receiving the correct accounts. But not only in billing issues; since it also orders and controls payroll, taxes, budget advice, etc.

Technology plays a decisive role in this new scenario and accounting should not be left behind, although many companies or consultancies still today seem to find it difficult to see the need for change. “There are still people who are reluctant at first because of the trust placed in their advice, but it is perfectly compatible to continue with your trustworthy advice and automate accounting management”.

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