Finance and administration workflow scenarios

Why improve finance and administration processes?

The “behind the curtain” functions of a business, like finance and administration, are vital to the success of everyday operations. Without the right processes in place, these tasks can bottleneck and bog a business down. Nintex can help with that.

 

finance benefit reduce risk
Reduce risk
finance benefit compliance
Improve data accuracy and visibility
finance benefit control expenses
Control business expenses
finance benefit regulatory compliance
Ensure regulatory compliance
Ensure financial governance

Ensure financial governance

Every financial process requires a robust governance and audit trail capability for regulatory compliance and reduced potential for fraud and mistakes.

Use the Nintex Workflow Platform to: 

  • Use digital workflows to automate notifications to management based on governance compliance
  • Create workflows to handle additional approvals and processes based on approval amounts
  • Create a full audit trail of financial approvals and associated comments
improve constituent engagement

Simplify budget requests

Manual budget requests are paper-intensive, difficult to track and may get lost. Unmanaged budget requests can result in fraudulent submissions, excess business spending or redundant budget allocation. Workflow automation improves budget request processes and ensures compliance. 

 Use the Nintex Workflow Platform to:

  • Capture all budget requests on standardized forms and implement multi-level approvals based on budget authorization, to ensuring the right people authorize the request
  • Create workflows to assign tasks, set reminders and escalations to expedite the progress of each task in real time
  • Ensure governance and a full audit trail of approvals of budget requests
  • Integrate with existing ERP systems for automatic updates as changes are made

 

Read more about how Nintex can help:

Manage expense approvals

Manage expense approvals

Eliminate paperwork and give your managers the ability to review and approve expense reports to ensure accuracy, detect fraud, and enforce expense policy compliance. Eliminate problems caused by spreadsheets floating from one department to another. 

Use the Nintex Workflow Platform to: 

  • Create digital expense report forms with pre-populated reference data
  • Define and set alert workflows that prompt employees for action
  • Approve expenses quickly and easily from any device with Lazy Approval
  • Discover bottlenecks in your expense management process with workflow analytics

Read more about how Nintex can help:

Improve invoice processing

Improve invoice processing

Invoices need to be processed quickly and accurately so vendors are paid in a timely manner for goods and services. Manual processes can result in cash flow issues and frustrations for employees in the Accounts Payable department. 

 Use the Nintex Workflow Platform to:

  • Integrate with existing ERP systems via digital workflows to ensure the data is accurately reflected in the accounting system
  • Automatically route requests to the right budget manager or escalate overdue invoices
  • Create powerful forms that capture and validate all required data
  • Keep a full audit trail of all invoices

Read how our customers have enjoyed success:

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