7 Secrets to Saving Time and Money in the Financial Industry

by Tim English - VP Superior Business Solutions on August 5, 2014

Corporate Kiosk Is the Key

Corporate KioskThe financial industry has undergone a lot of change and difficulties in recent years, and it is more important than ever to be as efficient as possible by finding ways to save time and money. That’s why we recommend our Corporate Kiosk solution and bring to you 7 secrets to saving time and money.

Corporate Kiosk is our on demand, e-procurement technology that allows financial institutions and other organizations to automate the entire requisition-to-reconcile process. Our custom e-procurement solutions allow your authorized end-users to easily procure printed forms, documents, stationary, labels and marketing, promotional, corporate identity and other materials securely online.

It’s a great way to save, and you can check out our page HERE for more information, but in the meantime, here are Superior Business Solution’s 7 secrets to saving time and money in the financial industry using Corporate Kiosk:

The Benefits of Corporate Kiosk

1. Free Up Cash with Improved Demand Planning

One of the main challenges for a centralized inventory management capability that supplies field-based operations is responding to demand in a way that satisfies the field’s need for a speedy turnaround without tying up cash in inventory. Corporate Kiosk gives you consolidated, real-time reporting of historical order activity and the ability to react quickly to new order activity.

2. Eliminate Maverick Spending

You’ll drive better pricing from vendors and eliminate time spent by accounting staff trying to uncover and decipher rogue spending hidden inside expense reports.

3. Ensure Multi-Jurisdictional Sales and Use Tax Compliance

Under Corporate Kiosk, we assume the responsibility of sorting out tax compliance issues on marketing, promotional, and other materials ordered through Corporate Kiosk. We fulfill and ship materials to multiple locations for you, take on the use tax reporting and payment responsibility in the process, and report and charge back the appropriate taxes. This relieves your finance department of the burden and overhead of managing the multi-jurisdictional sales and use tax compliance issue.

4. Approve Requisitions Rather than Invoices

When employees Check Out, Corporate Kiosk can create a requisition and email the appropriate person for approval. You can approve a purchase directly from email. You don’t have to wait until you see an expense report to find out if someone bought something he or she shouldn’t have.

5. Avoid Separate Technology from Multiple Suppliers

Purchasing and procurement with Corporate Kiosk offers your company a single system with flexibility, control, and the benefits of workflow automation customized for your company’s processes that might otherwise collectively lack consolidated reporting.

6. Ensure Compliance with Purchasing Rules

Corporate Kiosk allows you to systematize compliance with approval rules and ensure that contracted spending programs are followed and maximized. Employees might break or misunderstand rules, but software follows the letter of the law.

7. Grasp the Big Picture

A global, consolidated view of spend activity is simply not possible when companies adopt multiple supplier-sponsored buying platforms. But Corporate Kiosk provides all-inclusive reporting to track spending across the extended enterprise by product, category, cost center, franchise, branch, rep, channel partner, etc.

Save Time, Save Money

For the financial industry, Corporate Kiosk is a powerful e-procurement solution with many benefits. It consolidates reporting in parts of the business often labeled “impossible to track”. This improved accuracy increases the amount of spend-under management boosting operating margins. If you’d like to learn more please contact us and we’ll be happy to answer any question you might have.

{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: