Automated Pipedrive Workflows for Accounting & Finances

What Technologies are Used in Finance and Accounting Automation?

Modern accounting and finance departments need accounting and finance workflow automation services to be more efficient in their work. Most of the tasks these departments perform are about numbers and data. With artificial intelligence, virtual assistants, chatbots, and other new technologies becoming accessible and affordable, there are numerous ways businesses can streamline their accounting and finance operations. 

Here are some of the best technologies used in accounting and finance workflow automation:

• AI and data analytics – Artificial intelligence is a vast field that includes several technologies, among which data analytics is important. Data analytics with artificial intelligence involves gathering data and finding patterns, insights, and conclusions based on this data. The data gathered in the financial and accounting processes can be useful in making predictions and taking action based on such predictions.
• Virtual assistants – Virtual assistants are digital assistants that are designed for accounting and finance workflow automation by gathering data, performing calculations, following up, and helping users with different tasks that they can’t do themselves in the company’s digital ecosystem.
• Chatbots — Chatbots are software applications that use artificial intelligence to simulate conversations with human beings. This technology is used in many industries, but for accounting and finance departments, it is a great solution for customer support and engagement. Customers might have questions about the services offered by companies, and using chatbots for customer support is the best way to respond to these questions. 

All in all, the accounting and finance departments can benefit greatly from the use of these technologies. In the long run, automation will allow the departments to achieve more with less staff.

What Procedures Can Be Automated with Pipedrive?

Modern businesses have to operate in a more streamlined way, with the help of accounting and finance workflow automation and other tools to make sure nothing falls through the cracks. With so much competition out there, your company needs to stand out from the rest to maintain consistent growth. 

One company that understands this dynamic and has been able to implement accounting and finance workflow automation for its customers is Pipedrive. If you’re wondering how you can use some of its technologies and tactics, and software in your business, read on as we explore more ways Pipedrive workflow automation can improve efficiency.

• Lead management – Here, new customers are tracked and followed through the sales funnel. In many ways, lead management is the core of business automation. Once you’ve added leads to your CRM, you can assign them to specific people in your company. This can include a sales rep, an account manager, or even a marketing specialist.
• Marketing automation – As the name implies, marketing automation is the use of software to manage your marketing efforts more effectively, increase visibility, and grow your business. Marketing automation also involves setting up email sequences that automatically take customers through key tasks and product information. This can be as simple as a welcome email to information that presents key features and benefits of your product.
• Recruiting process automation – Another way to streamline your business operations is to automate your recruiting process. Automated recruiting solutions allow you to set up an automated hiring process and easily post job listings. You can track potential candidates and their progress through the hiring process. This includes everything from being contacted by a potential employee to setting up an interview.
• Sales process automation – The goal with sales is to turn potential customers into paying customers. To do this, you have to have a strategy and know when to approach customers and how. You also need to know how to handle objections, when to close a deal, and how to present features and benefits, so customers understand the value of your product.
• Automate your customer engagement process – Another way to make sure your business is operating smoothly is by automating your customer engagement process. Automated messages are triggered by specific events. For example, you may have an automated message sent to you and the customer when they place an order.

How to Implement Financial Process Automation with Pipedrive?

Pipedrive is a leading CRM software for small businesses that focuses on helping users streamline their financial and accounting processes. Here’s how to implement financial process automation with Pipedrive:

• Know your financial processes — Before you can automate your financial processes, you need to know what they are. Make a list of all the financial processes your business handles, from: 

• paying bills
• sending invoices
• tracking inventory, or something else.

When you know which processes you can automate, you can find ways to reduce the manual effort required for these operations and save yourself some time.

• Use triggers to automatically mark tasks as done – One simple way to automate your financial processes is to set up triggers to automatically mark tasks as done when certain conditions are met. For example, you can set up triggers to automatically mark financial activities as completed, such as: 

• marking payroll payments as completed when they are sent to the recipient’s bank
• sending out reminders for missed payments
• forwarding finance activities to other people in your company.

• Automatically sync contacts and leads – You can use Pipedrive CRM to automatically sync contacts and leads from a variety of sources, such as your website, email marketing platform, or other sources. By syncing contacts from other sources, you can add their information to your CRM in one click.
• Automate your payment process – Your payment process can be automated; e.g., you can set up an automatic payment reminder email that lets a client know when they are behind on a payment.

• Automating accounting workflows – The key to automating accounting workflows is to tie them to your financial transactions. You can do this by setting up an accountant relationship with a cloud-based bookkeeping service like Xero or QuickBooks Online and having the service automatically send financial data to your Pipedrive account. 

Doing this allows you to track important financial metrics, such as profit and loss, revenue and expenses, and cash flow from one place.

How Can Automaly Help with Automating the Finance and Accounting Workflows?

Automaly is a certified Pipedrive partner that helps small and medium businesses grow their business. We set up the software integrations and workflows for your lead gen process and strive to make client interactions consistent and measurable. We review your existing workflows and provide advice on the best solutions to save time and money.

Automaly is a one-stop shop for all your Pipedrive orientation needs. Our team provides insights into what’s really going on in your business and guides you through software integrations and workflows best suited for your lead generation process.

Ready to see how it works? Book a demo today!

Final Thoughts

Automating accounting workflows can make a big impact on your accounting processes. With the right software, you can streamline your accounting processes and free up more time for strategic thinking and growth. Get in touch with an expert for more information about how Pipedrive automation can help achieve your revenue goals.