For global organizations, establishing worldwide practices can have significant savings, it has been reported in a new KPMG paper.
Citing the paper, the Business Mirror explains that more firms are becoming aware of the potential advantages to be derived from putting in place coherent procedures throughout their company.
Doing so is particularly recommended for businesses with operations in more than one country which are looking to cut the costs of international transactions.
Adopting a centralized file archive equipped with a document viewer or image conversion tool could be one step towards standardizing working practices.
"These businesses recognize that standard ways of working across the globe enable significant savings in back and mid-office processes," the publication reports.
Such savings are said to drive "additional free cash to support further expansion or to return to shareholders."
The Business Mirror adds that standardizing procedures removes the geographical boundaries from international firms.
As such, management and administration may be carried out from any location and at any time of day or night.
In a previous article on the KPMG publication, the Business Mirror noted that the central role of finance in ensuring business stability is leading many firms to put in place "a robust financial control environment."
Those wishing to use a software environment to do so might wish to use a document viewer or image conversion tool to meet their specific requirements.