inancial Management and Technology: Bridges to Compliance, Transparency, and Security

Technological solutions simplify and enhance financial management, faciliting control and routine

 By Luiz Caldas

Financial management is a field where business strategies and operational risks intersect. The challenge for many companies is to maintain an agile workflow in the face of the multiplication of processes and approvals, as well as dealing with the constant pressure to deliver efficiency without compromising security.

The lack of centralized visibility of payments for managers creates risks, such as delays, duplications, and miscommunication between teams. The fragmentation of information hinders not only cash management, but also financial forecasting. The truth is that, without the right tools, ensuring healthy finances is impractical.

Security and Control in Financial Flow

The use of technologies to guarantee efficiency in the flow of financial information has become indispensable. At DPC, the processes of the Financial BPO service rely on technologies to provide greater security, speed, and transparency.

Developed by the internal Products & Innovation team and integrated into ERP used by DPC, the DPCWEB Client Portal illustrates how technology can simplify and enhance management. The Payments Module of this portal is used to manage payments and facilitate financial communication with DPC. This adds benefits such as:

• Compliance: Workflows integrated with tax and accounting services ensure that payments are compliant, with the proper tax withholding and accounting records.
• Traceability, transparency, and security: The approval pipeline allows tracking the status of each request, providing a view of completed and upcoming payments. Additionally, features like multi-factor login and cloud storage protect sensitive data and minimize risks.
• Continuous access and agility: With 24/7 access, managers and designated employees can check the progress of requests and pending items at any time.

In this module, the approval workflow is defined according to levels. Different levels of authorization can be pre-configured for users based on the value or type of expenses to be approved.

Process automation has also taken an important role in financial management. As an additional tool, automation processes (RPAs) and banking integrations (VAN) provide a communication channel with banks, significantly streamlining the routine for clients.

A complementary resource is the open finance internet banking platform, which allows the management of accounts from different banks in a single environment, providing a comprehensive view and reducing the time spent on transactions. With an approval functionality via app, clients have the convenience of managing their financial operations from anywhere, with full control.

And, since data is the foundation for financial management, personalized reports that provide information to support decision-making are essential. Therefore, cash flow reports, accounts payable/receivable aging reports, and other custom reports can be provided on a schedule defined by the client.

By adopting such tools, the manager no longer has to worry about payment-related issues, allowing them to dedicate more time to what truly adds value to their management activities.

Efficient Financial Management

When financial management is well-managed, it not only mitigates risks, such as fraud or penalties for missing deadlines, but also optimizes resource use, promoting sustainable growth and informed decision-making.

The integration of technology into financial management has revolutionized the way organizations manage their payment flows and accounting and tax routines.

Digitizing processes eliminates redundancies, reduces human errors, and increases productivity. Additionally, technological solutions allow companies to track financial stages, from payment requests to its completion.

Support that Combines Integrated Knowledge and Technology

With DPC's BPO support, your company can count on integrated solutions in the tax, accounting, and financial areas, backed by a qualified team that is constantly updated.

This team works with the support of technologies that enhance the customer experience, mitigating risks and ensuring the efficiency, compliance, and security of processes. Contact us at:  dpc@dpc.com.br.