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Shoe boxes of receipts was how it all began a decade ago.
The director of a company would hand a shoe box filled with receipts to the bookkeeper who then meticulously pastes each on a piece of A4 paper, and finally scans them to the desktop computer.
The journey is both expensive and time-consuming. There is no opportunity to do high-level tasks like forecasting or cash flow analysis in order to achieve your short and long-term goals.
As the cost of accounting is trending with the growth of the company, our solution is to decouple.
Futurebooks's finance manager - Namita Sethi, gave her perspectives on the journey of the paper receipt and how to put your accounting in the cloud on 26th November 2013 at the event Powering Women in Business by The Athena Network.