Procedure of Invoice Processing & Cost Benefit Analysis of Automation of Tekarsh Ltd.

Abstract

To keep the pace with the current world of business Automation of a business financial activities sets a business a part. The report is on Procedure of Invoice Processing & Cost Benefit of Automation. Financial activities are one of the most important aspects of every business. There’s Valuable lessons to learn from financial activities that are done by different business their budgets, cost, sales & revenues all can be learned from the financial analyst department of Tekarsh. All Invoices of business from their different Vendors are handled by the excellent staffs of the Analysts. Their hard work enables them to make sure the clients of the business know their financial position within one to two days. They keep track of the flow of each step of the invoice processing process. In Tekarsh’s capacity it has a lot of work pressure processing so many transactions of so many vendors. As a result, they require highly qualified individuals who are committed to their task; otherwise, the entire business will fail as having any mistake can cause the business to show false reports. The analyst department sets out to recognize skilled and efficient employees. The success of such company is mainly determined by the level of service provided to its customers. The competency and quality of an organization's workers determine the quality of its services. It is necessary to update the policy and procedure. So, while the technique they've been using has been reasonably productive so far but still it could be improved and streamlined to keep up with changing times.