Zapier Boosts Accounting Efficiency by 25% Through Automation
Zapier's accounting team has significantly improved its efficiency, completing month-end closes in just six days, down from eight, without increasing headcount. As various complexities increased due to audits and heightened scrutiny, the team realized their challenges stemmed from outdated workflows rather than a lack of talent.
Key Highlights:
- Efficiency Improvement: Month-end close reduced from 8 days to 6 days.
- Automation Success: Manual tasks like rate calculations and journal entries were automated using Zapier.
- Capacity for Compliance: Automation has allowed the team to focus on more critical tasks such as audit preparation and technical analysis.
Zapier's approach challenges conventional wisdom in finance, where the common response to increased workload is simply hiring more staff. Instead, the company asks, "What has not changed in five years that we can automate?" This mindset not only transformed their accounting processes but also encourages other teams within the organization to explore automation proactively. Automation has proven effective in regulated areas like accounting, demonstrating its potential applicability across various sectors.