Once they reach a certain size, many startups face the challenge of establishing internal (financial) processes that can sustain continued strong growth over the long term, delegate responsibilities to employees without taking on risks, and enable cost savings through efficiency.
Many well-known ERP systems map these standard (financial) processes in a fully automated way across the company, but are often unaffordable for startups. As a result, growing companies are forced to map individual process steps across different software tools or even manually in part.
It is not just the question of the necessary process steps or the right tools, but also the interfaces between different software programs and process participants that often present young entrepreneurs with major challenges.
The team from Pape provides you with insights into the approach to setting up (financial) processes, as well as which process output is relevant for accounting and the preparation of annual financial statements. The following key topics will be covered:
- Overview of processes in the area of finance
- Process, interconnections, and typical division of tasks between startup and tax advisor
- Typical problems when setting up processes in the startup sector
- Tools for financial processes
- Detailed discussion of the process: incoming invoices –> payments –> posting
