Securing the Financial Frontline
Is your Accounts team feeling snowed under from all the tasks required to manage Accounts Payable (AP) and Accounts Receivable (AR)? From invoicing to updating financial details, reconciling accounts to reporting, dozens of manual tasks are likely keeping your team working around the clock to keep cash flowing and relationships managed.
It’s little wonder that within this complex business function, tiny mistakes and small oversights can leave your accounts vulnerable to security and fraud risks — both internally and externally. At Cole School Experts, we’ve supported a number of schools that have experienced security breaches and needed to shore up their financial processes — fast.
Our secret weapons? Automation and leveraging best practices.
In this blog we consider how we can use these 'weapons' to secure the frontline of school finances.