By Joan Honig – Getting ready for an audit can strike fear into the hearts of the most well-organized finance department. It usually signals the start of weeks of working overtime and the unwelcome possibility of missing out on family events and other social activities. Your time is no longer your own! Especially when you factor in the extra effort it takes to respond to requests from auditors once their analysis is underway.
If you find that an approaching audit triggers a reflexive anxiety attack, dependence on manual processes is usually the root cause. Digital document management is a great tool to help you cut audit prep time and make the process itself virtually stress free.
How digitization makes the difference