Navigating the aspects of business accounting can be as tricky as steering through a maze. The key to conquering this labyrinth? Strategic tools that simplify, protect, and automate your processes. Luckily, Swipey was made to be your financial compass. Here are five brilliant strategies to save you time and cut down on costs with Swipey:
1. Embrace Targeted Budget Management
Fine-tune your financial control with Swipey’s innovative card system:
- Allocate with Precision: By assigning a Swipey card to each department, client or project, you can tightly monitor and manage your budgets with pinpoint accuracy.
- Implement Spending Caps: Prevent budget blowouts with customisable spending limits on each card, keeping every department in check and within financial boundaries.
2. Revolutionise Receipt Handling
Say goodbye to the days of manual paperwork when closing your books! Eliminate the risk of a missing receipt wreaking havoc on your accounts:
- Snap & Attach: Use the Swipey app to instantly capture and attach receipts to transactions, making expense tracking a breeze.
- Long-Term Receipt Security: With Swipey, your receipts are securely stored in the cloud for an unprecedented seven years, ensuring they’re ready for you whenever you need them. (Take note that the seven-year storage is only for our Plus Plan. Check out our other plans here!)
3. Maintain Fluid Fund Management
Adapt to your business’s changing needs with real-time fund reallocation:
- Reassign Funds Instantly: Our dynamic fund management allows you to clawback your funds from cards and reallocate them to other cards based on your needs at that point of time, ensuring that you’re always poised to meet your business’s requirements.
4. Elevate Your Fraud Defense
With Swipey, every card is its own fortress:
- Immediate Card Cancellation: Should a security breach occur, you can terminate the affected card instantly and issue a new one, maintaining your operational continuity without missing a beat.
5. Accelerate the Reconciliation Process
Simplify and speed up your financial wrap-up:
- All Your Receipts, Present and Accounted For: With Swipey’s intuitive interface, attaching receipts to their corresponding transactions is a simple tap away, setting the stage for a seamless reconciliation process.
- Smart Spend Allocation with Unlimited Cards: Leverage Swipey’s endless provision of physical and virtual cards to match expense items directly with categories on your balance sheet. This strategic allocation paves the way for a straightforward and stress-free reconciliation of your business’s finances.
- Seamless Report Integration: With Swipey, you can download detailed transaction reports that import smoothly into your existing accounting system. This streamlines the reconciliation process, helping you close your books with newfound speed.
Business Accounting with Swipey
Swipey isn’t just about managing your finances; it’s about transforming them. By reducing the reliance on manual tasks, Swipey empowers your team to focus on what truly matters, driving strategic growth and maximising productivity.
Our users report an impressive reduction in the time spent closing books—up to five times faster than before, translating to annual savings in the realm of RM 36,000 in man-hours.
We’re Listening!
Your journey with Swipey is as important to us as it is to you. We thrive on your feedback and are committed to delivering the features and support you need. So please, reach out, engage, and let us know how we can enhance your Swipey experience.
Capitalise on Time and Financial Savings
By integrating these five strategies, you’re not just simplifying accounting—you’re setting your business up for a smarter financial future. Check out our all-in-on finance operating system and take the necessary steps to boost your business.
