Webinar Recap: How Fieldays Brought Expenses Under Control
On May 9th, we launched the first in a series of partnered webinar discussions, all dedicated to the goal of achieving clutter-free accountancy.
To kick things off, our first guest speaker was Anthony Burman, the CFO of Fieldays Society – a New Zealand-based not-for-profit organisation and a registered charity. Fieldays is also the owner of the Southern Hemisphere’s largest agribusiness exhibition, hosting more than 130,000 people and contributing over NZ$530m of economic benefit to the New Zealand economy each year.
The webinar brought together around 70 participants from New Zealand, Australia, UK and other countries. They listened as Anthony described how the transformation of accounting systems and practices helped Fieldays Society achieve its strongest cash surplus ever, all while reducing time on accounting by up to 30%.
Listen Now: What will you learn from this webinar?
- How to improve financial control over company expenses and facilitate audits
- How to scale your accounting via migration to cloud accounting software such as Xero
- How to address the increasing compliance and external audit requirements by implementing a cloud workflow app
- The practical steps that need to be taken during migration from a legacy accounting software to a cloud-based accounting platform
- Lessons learnt from the successful accounting transformation project
Click here to listen to the webinar.
Some quick facts from the webinar
During the webinar, we ran a poll and 45 attendees took part. Based on their responses, 100% deal with approvals, 32% are still using paper-based approvals, and 26% are reliant on email. So, there’s certainly room for improvement!
If you’re still using paper-based approvals, read our Guide: Five Ways to Stop Wasting Time When Doing Accounting Approvals. In it you’ll learn how paper and email-based approvals are affecting your productivity – and what you can do about it.
Our favourite quote from the webinar:
“The implementation of ApprovalMax as part of the wider finance system has relieved the finance team of a large portion of its workload. This was 3 years ago, as a not-for-profit and registered charity, we returned last financial year our strongest cash surplus ever, surpassing that of our previous record in 2009.
We have reduced our finance function from at its peak of 5 to 2 staff including myself, with only about 30% of my time now focusing on core accounting. With the remainder focusing on the business, its systems, and expanding the ecosystem that supports our use of Xero and ApprovalMax.” – Anthony Burman, Fieldays CFO
Missed it? Listen Now
If you have any questions, please contact us.
What’s next? – Partnered Webinars
Our Partnered Webinars share exclusive advice and first-hand knowledge of both ApprovalMax experts and successful leaders in accounting and finance management around the world.
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