The ability to manage finances and record important transactions is a crucial part of running any enterprise. Healthy budgeting and finances make for a strong, thriving business, especially in high-volume or national corporations. Unfortunately, enterprise finance and accounting is also notoriously complex and riddled with potential pitfalls, including failed compliance, missed accounts receivables, and missed payments.

As an enterprise manager, supervisor, or owner, your job is to run your business and provide leadership. Getting tied down with Finance and Accounting tasks doesn’t help you to achieve that goal, but On-Site Management of Finance and Accounting Services can. At DATAMARK, we can help you take care of all your financial requirements so you can work on satisfying your customers or clients without worrying about falling into financial ruin.

When you choose On-Site Finance and Accounting Services from DATAMARK, you can be sure that your money management and financial documents will be handled with care, compliance, and efficiency. On-Site services provide you with support and representatives from DATAMARK directly at your location, letting us process your financial documents and invoices right under your close and watchful eye. The enterprise retains full control of how and when your transactions are handled.

How DATAMARK’s Financial and Accounting Services Can Improve Business Processes

Simplified Secure Access to Financial Documents

DATAMARK can simplify your financial records by using an Enterprise Content Management (ECM) platform that stores all of your data digitally. This cuts down on waste and makes for easier access to all your information. If you are interested in ensuring your business remains organized and orderly, this strategy, often paired with Digital Mailroom platforms, can help you fix inefficiencies and dropped tasks while also improving global workforce access.

Once your data is digitally stored, it can be moved to another location or forwarded to any department, individual, or customer on an ad-hoc basis. Use your records when you want, how you want, at any time for the use of purchase or processing. This benefit applies with both our Accounts Payable and Accounts Receivable Services.

Track Transactions, Purchases, Refunds, and Payables/Receivables

DATAMARK assists enterprises in tracking purchases, expenses, refunds, receipts, and other financial transactions that come and go from various enterprise accounts. Receivables are automatically scanned and registered to the system as they come in; the same action occurs for Payables. Optical Character Recognition (OCR) and Intelligent Character Recognition (IRC) integrations let us scan, image, identify, detect, and validate financial documents for content and classification so they can be properly secured and stored. This includes scanned checks, invoices, inventory lists, and much more.

On-Site Management of Finance and Accounting Services also improves oversight on slow, prone-to-error processes for managing invoices, receipts, settlements, and remittances. These business-critical tasks require oversight because even a single error can cost your company thousands or potentially millions of dollars.

Working with DATAMARK’s On-Site Teams is also cost-effective, secure, and efficient, even though we don’t outsource your business processes to a third-party location. Instead, we allow you to closely oversee all of our strategies and systems to ensure maximum compliance, especially in heavily regulated industries like finance and banking. We work with your partners, your customers, and anyone else you designate to improve your accounting processes.

Suitable for Every Industry and Sector, Including Finance

Whatever the nature of your company or business, DATAMARK’s on-site financial services can help you simplify and improve your accounting processes. DATAMARK has approximately 28 years experience serving hundreds of clients and enterprises with needs very similar to those of your business. Whether you are a bank, an insurance company, or just a retail outlet who requires assistance with payroll and invoicing, we have options for streamlining.

• Insurance – Insurance companies have the important responsibility of providing service and support to a large variety of people from many different types of backgrounds. That means we believe their focus should be on the management of their clients’ insurance policies and making sure they receive the best quality of service. We will work by your side to ensure smooth accounting processes, from the smallest payment invoices to heavily technical and legal procedures like claims processing, approval, and denial.

• Financial and Banking – Businesses operating in the Banking and Finance industries need to have exceptional, above-average financial management processes. Heavy regulations and legal requirements make financial processes almost impossible for the average layperson or front-line employee to manage without risking fines. DATAMARK uses incredibly advanced FINTECH platforms to process sensitive financial data. Document types for processing include applications, customer profiles, customer requests, interbank communications, payment cycles, paperwork, complaints, exception handling, and 3-way match reconciliation reports.

• Healthcare: Patients require your time and commitment every day. However, the healthcare industry also retains one of the highest levels of need for data capture, access, and storage. This includes medical billing, coding, insurance claims processing, and patient billing, as well as Accounts Payables for supplies, equipment, and services. DATAMARK’s On-Site Finance and Accounting teams can take care of these responsibilities without jeopardizing state or federal laws, such as HIPAA.
• Retail and Manufacturing – AI-backed automation lets DATAMARK help retailers and manufacturers handle financial documents so businesses have the resources, and budgets, they need when they’re needed most. Organizing your cash flow and accessing your invoices has never been easier. We start with Lean Six Sigma strategies that capitalize on manual and automated methodologies and create a fully-scalable system that saves time.

• Transportation – Transportation and logistics businesses, like any kind of company, can start to suffer badly in the face of inefficient and wasteful financial and accounting management. When the right resources aren’t made available, the many processes needed to keep dispatch and routes running smoothly can be affected significantly. DATAMARK can organize and streamline your financial information, including billing, so you can experience rapid growth and smooth sailing – or driving!
• Energy and Utilities – The technology DATAMARK uses to store financial data can also help energy and utilities companies better serve their customers. We can almost entirely automate the process of billing your customers, accepting payments, running reports, actioning late accounts, as well as managing overhead and costs to better optimize the profitability of your business. Balanced budgets at the end of the year, a product of process optimization, please customers and shareholders and keep you moving forward.

• Government – Government departments and offices have a greater need for accountability and compliance than private businesses. DATAMARK has experience with custom finance and accounting system creation for government entities at the city, state, and federal level, and can ensure ultimate oversight, point-to-point tracking, and citizen or departmental document and data security. Strategies used include an innovative quality travel expense system, cash applications, posting processes, and collection management.

Choose DATAMARK for On-Site Management of Finance and Accounting Services

If you’re looking for a fresh way to organize your financial and accounting paperwork, we want to help you find a new way forward. DATAMARK will come right to you, and work with your enterprise leaders one-on-one, to identify strategies and technologies that empower you to make changes for the better. We’re committed to offering you the high-quality support and security you need to feel well-managed, secure, and protected.

Call Us: 800.477.1944