“Slow approvals cost more than time – they cost growth” warns AccountsIQ CEO as company tackles industry approval delays
The CEO of AccountsIQ, a leading provider of advanced financial management software, has today warned that many businesses are unknowingly slowing their own growth due to outdated and inefficient approval processes. This bottleneck risks becoming critical in an increasingly fast-paced economic environment.
To counteract this, AccountsIQ has introduced its new Workflow Approval Engine, designed to help businesses streamline approvals, improve compliance, and gain full visibility over financial workflows.
The new Workflow Approval Engine reduces reliance on manual processes, empowering finance teams to manage approvals more efficiently and avoid unnecessary delays. By introducing automation, the Engine helps businesses speed up decision-making and ensure tasks progress smoothly.
Darren Cran, CEO of AccountsIQ, commented: “Slow approvals cost more than time; they cost growth. Our new Workflow Approval Engine is designed to transform how finance teams manage approvals. By introducing customisable workflows and automating key processes, we’re empowering businesses to improve efficiency, reduce errors, and stay compliant with ease. At AccountsIQ, our focus is on growing businesses, multi-entity groups, and the accounts that serve them.
The Workflow Approval Engine empowers organisations to create tailored, multi-step approval workflows that align with their specific requirements. Designed for flexibility, the engine allows for a smooth transition from legacy systems, ensuring minimal disruption. This flexibility gives finance teams greater control over processes, ensuring each step is aligned with internal policies.
“As the role of CFOs and finance leaders evolves, they need to be supported in their software and know it will help, not hinder,” Cran continued. “Our mission is to make their work easier and more efficient. The Workflow Approval Engine does exactly this.”
In addition to improving efficiency, the Workflow Approval Engine enhances compliance by offering real-time insights into approval progress. This visibility ensures all steps adhere to internal controls and audit requirements, giving finance leaders confidence that their processes are transparent and well-documented.
For more information, visit AccountsIQ’s website here.
Meet the AccountsIQ team on stand 790 at Accountex London, taking place at Excel London on the 14-15 May, 2025.
