April, 2016

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Are you paying for your employees’ restless nights?

A recent Robert Wood Johnson Foundation report found a third of Americans get less sleep than the recommended seven hours a night. Another survey by Accountemps, an accounting services firm, put that number at nearly 75 percent in March. Bill Driscoll, Accountemps’ regional president in the greater Boston area, says some sleepy accountants even admitted it caused them to make costly mistakes.”One person deleted a project that took 1,000 hours to put together,” Driscoll says. “Another person missed a decimal point on an estimated payment and the client overpaid by $1 million.

 

Did those statistics jolt you awake?

Unfortunately, we cannot be there to tuck your folks into bed and make sure they get their full 8 hours of sleep. We can let you know that automation of processes can reduce potential errors and make it easy to uncover them when they do happen.

Using a Contract Management tool will allow you to create workflows, set funding alerts, maintain version control, and stay ahead of risk and variance analysis.

Go ahead, finish watching that late night movie, read another chapter in your book, say yes to just one more round; your contract management system has your back.