https://tallie.com/tallie-glossary#accountingIt’s no secret that industries worldwide are undergoing an automation revolution. Accounting schools like those at Brigham Young University and University of Denver now provide training on SAP, Oracle, Microsoft Systems in addition to traditional bookkeeping. Diverse professional industries are adopting best-of-breed software solutions like Bill.com for cloud-based bill payment, VISA PEX Cards for per diem expenses, and Tallie for expense reports to drastically reduce wasted time and costs for their businesses.
The Wall Street Journal reported that mobile giant Verizon cites automation as a major contributor to cutting costs, resulting in a 21% reduction over the past three years.
“Verizon, which had $127.1 billion in 2014 revenue, cut the manual entries its workers punch into Excel spreadsheets annually by a quarter—to 10,500 from 14,000. It aims to cut another 1,400 manual entries by the end of this year for an overall reduction of 35%.”
It’s not just Verizon. The same article also lists a case study on Wolters Kluwer, a global information services company. The Netherlands-based company, founded in 1836, has evolved their practice over the years and is now ranked as a “Global 100 Most Sustainable Corporations in the World” by Corporate Knights magazine.
“Wolters Kluwer uses Oracle’s Hyperion software to help close its books at the end of each quarter. The task, which used to take almost 10 days, now takes half the time,” affirmed Kevin Entricken, Wolters Kluwer CFO. “The Netherlands based company is paying a higher average salary for each person in the finance department, even though headcount has remained relatively stable.”
As more and more companies write their own history akin to Verizon and Wolters Kluwer, the reality of the future of accounting becomes increasingly clear: modern business is rooted in reliable software and full service automation. This is where Tallie comes in.
Essentially, Tallie is expense report software that automates more of the manual work associated with expense reimbursement than any other expense report tool available. In close collaboration with CPA practitioners, and industry-leading accounting, technology, and financial partners, Tallie developed expense report solutions for comprehensive data capture, intelligent transaction categorization, robust approval controls and seamless software integration. The technology was recently honored with CPA Practice Advisor’s Tax & Accounting Innovation Awards two years in a row for both the solution as a whole (2014) and for Tallie’s bi-directional integration with Intacct accounting software (2015).
On top of delivering top notch technology to the finance & accounting industry, Tallie has a proven commitment to enabling our customers to succeed. Tallie offers a customer experience that is founded in expert accounting knowledge, personalized attention, and a simply enjoyable product experience. It’s no wonder that Tallie was awarded a Stevie Award for Support Team of the Year 2014.
Staying relevant is imperative to the success of a modern business. Is your business positioned for success considering the future of accounting? Explore the benefits of automation for your business with these resources:
- Wall Street Journal: The New Bookkeeper is a Robot
- Maryland Association of CPAs: Tallie and the Future of Accounting
- Accounting Today: Accountants: Start Living in the Future
- Accounting Technology: Top 5 Trends Shaping the Future at Accounting Firms