As time marches on MSPs are enjoying more and more of the benefits of automation. CRMs and accounting software have reduced many of the bookkeeping tasks associated with running a business.
Integrations and workflow improvements reduce the complexity and labor involved in running an MSP business.
One of the main reasons we developed ConnectBooster was to utilize the benefits of automation; we hated the manual process. Mailing out invoices for services and managing backend tasks such as reconciling transactions can be time-consuming and difficult.
A lot of these responsibilities may fall to your accountant (or yourself in some cases), and not staying on top of those activities can disrupt the flow of your business.
Using the right tools can make all the difference in productivity levels and where a business spends its time.
One of the areas where automation helps most is helping to streamline your finances. Removing tedious, mundane tasks using solutions and tools allows you to focus on more important things in your business.
High-quality service, less work
When you think about all the manual labor associated with accepting a payment inside of your business. There’s a surprising amount of work involved.
You may have to match up payments from a batch, report and reconcile those figures in your accounting software, or modify bank ECH files. Not to mention reviewing all the invoices for your customer listing and then going back to modify specific bank files. All these steps create an opportunity for human error.
The MSP model is about providing high-quality service and doing more with less. If you’re planning on scaling and growing your business, these redundant processes add up quickly and can easily derail or slow down that expansion.
Whether sending out past due invoices to 50% of your clients or creating a monthly statement reminder, all of those things take time and effort. Relying on humans to do it all becomes an expensive proposition as the operations grow.
You need to stay on top of collections. Our software does a lot to ease manual labor requirements for the finance team. It’s also valuable in helping your company grow and can manage a lot of repetitive, unruly administrative tasks.
The cost of human labor is high
To stay on top of all the manual processes, you’ll need to automate tor hire a person to take care of them. Both may be needed as the company scales.
Hiring an accountant just to handle those manual process is expensive and not always the best use of their skills. Your staff should focus on running your business, not bogged down working on tasks that an automation platform could easily handle for you.
ConnectBooster not only automates your accounting process but eliminates the headaches that bog down a growing MSP.
If you want make the switch to recurring revenue, check out our partnership with CharTec.