Good data is the foundation of successful automation. Work like working papers, accounts production and management reporting all need the right data. This can help accountants spend less time completing their files accurately, preparing valuable reporting an gaining insights across files.
Reality, however, often shows the available data is not good enough to work efficiently. Because of various reasons (changing legislation, switching bookkeeping software, M&A), the data across client files is inconsistent.
That’s why we encourage you to map your bookkeeping ledgers to make it possible to use our automated workflows to the fullest.
Using a ‘mapping list’, which is essentially a standardised chart of accounts, enables us to provide you with:
- out of the box configuration of report templates
- out of the box configuration of reconciliation templates
- out of the box availability of AI mapping proposals
- out of the box availability of the Silverfin Assistant / Insights queries
What will you gain from mapping?
Uniform client data available
Mapping will increase data consistency across client files. With the minor investment of time to map a file to the Silverfin Standard Mapping list configuration of files nog longer has to be done one by one. The task of mapping can be further accelerated by AI Mapping.
Improve accuracy and save time
Manually configuring a file is prone to errors. Also, when new accounts are used in a file, updating the configuration is quickly forgotten. By having configuration on a firm level, you are assured of a consistent configuration for all files.
Auto configuration will help in bringing the majority of configurations available for every file. We believe you will already improve efficiency in year one of adding and mapping a file in Silverfin.
More valuable reporting
The standardisation that mapping brings allows us to offer out of the box reports with more meaningful (sub)categories. It also makes it possible to draw up your firms’ own more insightful reports based on the mapping list.
Ability to gain insights across files
Standardised data makes comparable data. We have insights segments available based on the standard mapping list so you don’t have to define the queries yourself.