FinanSysFinanSys
Contact Us
  • About
    • About FinanSys
    • Meet the Team
    • Who Trusts Us
    • Partners, Accreditations & Memberships
    • Careers
    • Privacy Policy
  • Solutions
    • Sunsystems Solutions
      • SunSystems Financials
      • SunSystems Cloud
      • Query & Analysis Reporting
      • Sharperlight Reporting
      • Process Automation for SunSystems
      • Bank Payments
      • Making Tax Digital
      • Finansys Cloud
      • Spindle Document Delivery
      • Infor d/EPM
    • Netsuite Solutions
      • Oracle NetSuite Business Management Solutions
      • Financial Management Software
      • Professional Services Automation
      • NetSuite eCommerce Solutions
      • Cloud-based Customer Relationship Management Solutions
  • Services
    • SunSystems Services
      • SunSystems Training
      • Professional Services
      • SunSystems Support
      • FinanSys Cloud Support
      • Integration – Infor Sunsystems
      • SunSystems Project Calendar Timeline
    • NetSuite Services
      • NetSuite Professional Services
      • NetSuite Support
      • Oracle NetSuite Integration
      • NetSuite Project Calendar Timeline
  • Enhancements
    • Overview
    • Purchasing
    • Sales
    • Financial Accounting
    • Reporting
    • Human Resources
    • Compliance
    • Optical Character Recognition
  • Sectors
    • Energy, Oil & Gas
    • Financial Services
    • Hospitality
    • Insurance
    • Not-for-Profits
    • Professional Services
    • Property Management
      • Housing Associations
    • Retail
    • Software & Technology
    • Wholesale Distribution
  • Resources
    • Case Studies
    • Brochures
      • FinanSys Brochures
      • SunSystems Brochures
      • NetSuite Brochures
    • Videos
      • SunSystems Videos
      • NetSuite Videos
      • Thinking about a new accounting system?
    • Webinars
    • News and Blog
    • SunSystems Training Manuals
    • Subscribe to our mailing list
    • FAQs
  • Customer Area
  • Contact
  • About
    • About FinanSys
    • Meet the Team
    • Who Trusts Us
    • Partners, Accreditations & Memberships
    • Careers
    • Privacy Policy
  • Solutions
    • Sunsystems Solutions
      • SunSystems Financials
      • SunSystems Cloud
      • Query & Analysis Reporting
      • Sharperlight Reporting
      • Process Automation for SunSystems
      • Bank Payments
      • Making Tax Digital
      • Finansys Cloud
      • Spindle Document Delivery
      • Infor d/EPM
    • Netsuite Solutions
      • Oracle NetSuite Business Management Solutions
      • Financial Management Software
      • Professional Services Automation
      • NetSuite eCommerce Solutions
      • Cloud-based Customer Relationship Management Solutions
  • Services
    • SunSystems Services
      • SunSystems Training
      • Professional Services
      • SunSystems Support
      • FinanSys Cloud Support
      • Integration – Infor Sunsystems
      • SunSystems Project Calendar Timeline
    • NetSuite Services
      • NetSuite Professional Services
      • NetSuite Support
      • Oracle NetSuite Integration
      • NetSuite Project Calendar Timeline
  • Enhancements
    • Overview
    • Purchasing
    • Sales
    • Financial Accounting
    • Reporting
    • Human Resources
    • Compliance
    • Optical Character Recognition
  • Sectors
    • Energy, Oil & Gas
    • Financial Services
    • Hospitality
    • Insurance
    • Not-for-Profits
    • Professional Services
    • Property Management
      • Housing Associations
    • Retail
    • Software & Technology
    • Wholesale Distribution
  • Resources
    • Case Studies
    • Brochures
      • FinanSys Brochures
      • SunSystems Brochures
      • NetSuite Brochures
    • Videos
      • SunSystems Videos
      • NetSuite Videos
      • Thinking about a new accounting system?
    • Webinars
    • News and Blog
    • SunSystems Training Manuals
    • Subscribe to our mailing list
    • FAQs
  • Customer Area
  • Contact

What is the relationship between compliance and productivity in business?

What is the relationship between compliance and productivity in business?

    The relationship between compliance and productivity

    Historically, the answer to this question may have been something along the lines of “implementing compliance negatively impacts productivity because of all the time and resources involved.” However, today the use of technology has meant that compliance and productivity are not two competing outcomes but can instead be goals that are achieved with the same processes and tools.

    Productivity, compliance and accounting

    One of the key processes where this is particularly evident is accounting. Manual, paper-based processes can present a range of difficulties for both productivity and compliance. Delivering a compliance best practice accounts process can result in productivity gains of 65% and 90% using accounting software, as opposed to an older manual workflow. One is the natural result of the other when switching to an accounting system that makes processes more transparent, easy to manage and much more accountable.

    Using financial software to improve business processes

    Automation

    The benefits of automation highlight one of the most obvious advantages of switching to accounting software to handle accounting workflows. This enables the more repetitive tasks to be completed automatically, as opposed to being manually handled. There are obvious productivity gains here, as labour that adds no real value to the business is being removed from the process and handled by the software instead. So, for example, coding invoices or selecting the right approval process for the invoice is all handled automatically. However, it’s not just productivity that is improved by the use of automation in accounting software, as compliance benefits too. Best practice compliance becomes achievable in a way that is simply not available to those still using a manual accounting process.

    Transparency

    Manual financial and accounting processes can be opaque and immediately accessible knowledge is limited to those who are manually doing the work. The use of financial software makes every step in the process much more transparent and traceable, with some obvious advantages when it comes to implementing best practice compliance standards. Productivity, too, benefits from an increase in transparency, as progress and status, data and documents are instantly accessible to those who need to view them. So, the status of an invoice, for example, is instantly available to anyone in the business with the requirement to view it, without the need to make a phone call or check in with someone else. As all data and information is available in real time, accuracy is improved too and time is saved in searching and checking whether enquiry results are current.

    Functionality

    Better functionality saves every business money and reduces the kinds of mistakes, oversights and errors that can also lead to compliance issues. Accounting software is designed to provide the functionality that not only offers the opportunity to make processes more efficient and productive but also aligned with the most up to date compliance requirements, as well as the needs of the business.

    If productivity and compliance are important to your business, you could boost both by switching to SunSystems – contact us to find out more about how this powerful accounting software could support your business.

    Book a call with us today to discuss how you can harness the financial management benefits that SunSystems offers

    Book a call
    Alt Text

    Related Posts:

    • PRESS RELEASE: FinanSys Awarded for Onboarding the Highest Number of New…
    • Finding the Best Infor SunSystems Resellers for Your Business
    • 5 Must-Have Features for Oil and Gas Accounting Software
    • Infor SunSystems Enhancements for Oil and Gas Companies
    • What Has Changed in The New SunSystems Cloud and Infor Q&A?
    • Ledger Archiving Best Practices and Benefits for Financial Accounting
     
    Categories
    Recent Posts
    • FinanSys25 Event Recap: Highlights from the Day
    • How to Automate Finance Processes
    • Why Finance Teams in Oil & Gas Need a Seat at the Asset Management Table
    • How Finance Teams Can Unlock the True Cost of Underperforming Assets 
    • How to Break Free from Legacy Systems as an Oil and Gas Company
    Categories
    • Accounting
    • Accounting Software
    • Asset Management
    • Automation
    • Business Management
    • Business Process Automation
    • Business Process Management
    • Case Studies and Research
    • CFOs
    • Cloud
    • Cost Reduction
    • Customer Relationship Management
    • Data Management
    • Digital Transformation
    • Enterprise Resource Planning
    • Expense Management
    • Financial Analysis
    • Financial Management
    • Financial Reporting
    • FinanSys
    • General
    • Implementation
    • Infor Q&A
    • Integration
    • MTD
    • Multicurrency & Multicompany
    • NetSuite
    • Productivity
    • Project Management
    • Reporting
    • Software Update
    • SunSystems
    • SunSystems Cloud
    • Team Management
    • Time Management
    • Training
    • Uncategorised
    • UniFi
    • Workflow

    FinanSys Launches the First HMRC-Tested Making Tax Digital for SunSystems solution

    Previous thumb

    How can your business gain customer trust through the GDPR?

    Next thumb
    Scroll

    FinanSys Solutions Ltd

    Address: FinanSys Solutions Ltd. Office One, 1 Coldbath Square, Farringdon, London, EC1R 5HL
    Phone: +44 (20) 7456 9833
    Email: info@FinanSys.com

    Privacy & Cookie Policy

    Terms of Use

    Copyright © 2025 FinanSys Solutions Ltd. All Rights Reserved

    Recent Posts
    • FinanSys25 Event Recap: Highlights from the Day
    • How to Automate Finance Processes
    • Why Finance Teams in Oil & Gas Need a Seat at the Asset Management Table
    Useful Links

    Events & Webinars

    Customer Login

    News & Blog

    Finansys ISO 27001 and SOC 2
    • Home
    • About
      • About FinanSys
      • Meet the Team
      • Who Trusts Us
      • Partners, Accreditations & Memberships
      • Careers
      • Privacy Policy
    • Solutions
      • Sunsystems Solutions
        • SunSystems Financials
        • SunSystems Cloud
        • Query & Analysis Reporting
        • Sharperlight Reporting
        • Process Automation for SunSystems
        • Bank Payments
        • Making Tax Digital
        • Finansys Cloud
        • Spindle Document Delivery
        • Infor d/EPM
      • Netsuite Solutions
        • Oracle NetSuite Business Management Solutions
        • Financial Management Software
        • Professional Services Automation
        • NetSuite eCommerce Solutions
        • Cloud-based Customer Relationship Management Solutions
    • Services
      • SunSystems Services
        • SunSystems Training
        • Professional Services
        • SunSystems Support
        • FinanSys Cloud Support
        • Integration – Infor Sunsystems
        • SunSystems Project Calendar Timeline
      • NetSuite Services
        • NetSuite Professional Services
        • NetSuite Support
        • Oracle NetSuite Integration
        • NetSuite Project Calendar Timeline
    • Enhancements
      • Overview
      • Purchasing
      • Sales
      • Financial Accounting
      • Reporting
      • Human Resources
      • Compliance
      • Optical Character Recognition
    • Sectors
      • Energy, Oil & Gas
      • Financial Services
      • Hospitality
      • Insurance
      • Not-for-Profits
      • Professional Services
      • Property Management
        • Housing Associations
      • Retail
      • Software & Technology
      • Wholesale Distribution
    • Resources
      • Case Studies
      • Brochures
        • FinanSys Brochures
        • SunSystems Brochures
        • NetSuite Brochures
      • Videos
        • SunSystems Videos
        • NetSuite Videos
        • Thinking about a new accounting system?
      • Webinars
      • News and Blog
      • SunSystems Training Manuals
      • Subscribe to our mailing list
      • FAQs
    • Customer Area
    • Contact