Cost Per…
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Build Your Formulas
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Continuing on with “everybody loves a good spreadsheet”, today I am writing about the formulas that make up the cost calculation. If you haven’t been following this series (shame on you) over the past two-weeks I have been writing about finding your cost and the time that is freed up by automation, which is the true…
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I am on a roll – setting up your cost.
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Now that I am in the third week of helping you calculate your cost per invoice and cost per payment, these next few days are going to be wrapping it all up my helping you with a concrete, black and white (no shades of gray) way of knowing your number. The best way to do…
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Find your cost – Steps 4 and 5 – Apply Cost and Do a Little Math
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Everybody loves math… well maybe not everybody. I tell my kids that they will use math for the rest of their lives… to this point they are unconvinced. Last week I wrote about getting back to the basics by defining automaton as being only as good as the time that is freed up. This week…
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Find your cost – Step 3 – Find the time
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Time… what a wonderful thing… we never seem to have enough. I often remind my wife before we had kids we used to sit on the couch at the end of the day and talk about how busy we were… then the kids came along and it “re-defined” busy. Just to recap last week I…
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Find your cost – Step 2 – Know your people.
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Know your people huh? I guess the title makes it sound like I am going to have you take each person in your invoice and payment process to lunch. I think you should, but that has nothing to do with today’s topic. As a recap yesterday I wrote about creating a process map to document…
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Find Your Cost – Step 1 – You have to have a map
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Last week I wrote about defining accounting automation by applying a number to the impact automation has on an organization. This came from the idea that automation is only as good as the people, time and effort that is freed up. On Friday I wrote about the different types of time that needs to be evaluated,…
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2 Buckets of Time!
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You know the bucket is a great invention. I tried to do some research on when the bucket was invented and if anyone was able to pin the accomplishment on any one human… and I didn’t find anything. Anyway, as promised from my last post, I am working through a series that supports the idea…
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Who should I bring to the dance – vendor that is!
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I am not a big fan of using the word “vendor” as it pertains to finding a company that sell and services automation software. I believe that if you do accounting automation correctly as a provider you will be more than someone who simply sells software. That’s why I call automation software vendor, “Service Providers”.…
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Back to Basics – What is Automation?
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With the flurry of recent webinars, I am reminded that us automation nerds can’t get too far away from the general public. There are still a lot of people out there that don’t have any real good idea what accounting (AP and Payments) automation is. When training sales folks, I tell them they have to keep…
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Where do invoices go when you automate?
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I used to have a standard set of jokes I told as a teenager. One of the jokes in my set was, “Where do bad grapes go when they die?” “They go to raisin hell”. I know you are laughing… well probably not… That joke is where I got the phrase for the topic of…