The Year of Efficency

Is this going to be your “Year of Efficiency”? Mark Zuckerberg famously branded 2023 as Meta’s “Year of Efficiency”, and other tech titans followed suit.  Zuckerberg wanted to make Meta a better technology company and to improve the company’s financial performance. The steps he took were rewarded with a significant rise in Meta’s share price.
 
There was a lot of discussion last year in the worlds of politics and business about the UK’s productivity crisis. Not that that’s a new problem: it’s been that way since the financial crisis of 2008, with the UK faring poorly in that respect against other G7 countries.
 
Does your organisation have a productivity crisis? Do you need to declare a “Year of Efficiency”? Big questions which might seem daunting to try and answer beyond a cursory “Yes” because, of course, there are always improvements to be made and it’s great to feel you are mobilising a transformation initiative that others can get behind.
 
But it’s one thing having a catchy phrase and another knowing where to actually start. How do you do more with less? Using the latest technology to help people work smarter and faster is an obvious place to turn towards, but it’s a complex landscape to navigate and hard to reap the benefits.
 
How about starting with something simple and low cost? A quick win that gives you and your team confidence that technology really can be a game changer.
 
If you work in Finance and Accounting, you’ll know what a time-consuming, tedious and manual process it is to complete supplier statement reconciliations. For a busy Accounts Payable team, it’s often one of the first activities to be dropped. Yet you’ll also know the benefits of doing the “recs”: finding unallocated credits; spotting duplicates; cleansing your GRNI accounts; resolving discrepancies proactively with suppliers and reducing their queries.
 
So, why not try a proven tool which uses technology to fully automate the process, reducing the task from hours to minutes with a 15x speed improvement over a manual process. Learn about how we can help to build a more productive future for your organisation and sign up for a free trial or take a look at our video here: Liberata: Supplier Statement Reconciliation Service

Nick Peplow is Liberata’s Solutions Director, Financial Services.

Nick joined Liberata in January 2021 as Solutions Director, Financial Services, to focus on developing and growing the company’s Finance and Accounting services in both the public and private sectors.

He is a commercially driven and influential business leader with a sustained record of success, combining strong analytical, problem solving, and decision-making skills with a passion for innovation and growing value for a business and its customers.

Nick leaves near Bromsgrove in Worcestershire, UK.
nick.peplow@liberata.com

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Welwyn Hatfield Borough Council
Liberata is the ideal delivery partner to help us achieve our aims, whilst ensuring we can drive down processing times and improve the service for our customers. Council tax and business rates collection will improve, ensuring that we have the funds to deliver the vital services that have a positive impact on residents’ lives. We look forward to working closely in partnership with Liberata to help achieve our aims
Rebecca Keene
Broxbourne Borough Council
Eastleigh Borough Council has worked with Liberata for a number of years who undertake the council's empty home reviews, and I must say, their service exceeded all expectations. From start to finish, they demonstrated professionalism, efficiency, and a genuine commitment to addressing this critical issue in our community. Thanks to Liberata, the council has been able to maximise our empty home bonus year on year. This positive impact on our community cannot be overstated.
Kerrie Thomas
Eastleigh Borough Council
The RV Finder service from Liberata has really helped us ensure that our data is as accurate as possible and, when the VOA has processed the outstanding cases, I fully expect to see more than £1,000,000 of additional RV. The “risk and reward” model works well and the Council only has to pay for their success and the service is something that we will use on a regular basis.
Steve King
Leicester City Council
Liberata has been empowered to create a seamless integration with technology to digitally transform the Revenues and Benefits service whilst trying to protect local jobs. The joint strategy has helped to deliver innovative solutions that have exceeded expectations, whilst providing savings to the authority. This surge in digital engagement has helped deliver strong year one outturn with electronic billing and the technology will enable us to show improvements in the benefits speed of processing and in Council Tax processing of moves, discounts and exemptions.
Andy Stevens
Swindon Borough Council
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