Advantages · Finance

ReFIS Flow for finance

Investment groups, financial intermediaries and advisory firms. Your documents in order across the whole group, every step auditable and sensitive data under control.

Selected financial companies we already help

Client Partners Group Client Proxenta Client LitFin
Why specifically for finance

Trust begins with order

You work with other people's money and with your clients' trust. Your internal processes therefore have to withstand the scrutiny of an auditor, a regulator and an investor – and that is exactly what ReFIS is built for.

The whole group in a single system

Dozens of companies, funds or project entities under one roof thanks to the multi-company mode. You see costs for each entity separately as well as for the group as a whole.

An audit trail for every document

Who saw the document, who approved it and when – the audit trail is attached to every document. Your retention rules and GDPR processes are backed by the system, not by a spreadsheet.

Sensitive documents under control

Contracts and documents are seen only by those who are supposed to see them – thanks to granular access rights. On top of that, two-factor sign-in and a data center in the EU.

Advantages

What ReFIS will do for you

The advantages of ReFIS apply universally – choose your role and see the ones that matter to you.

Faster approval

Online approval of purchase requests, purchase orders, invoices and other documents significantly speeds up your approval process. You can approve documents from anywhere in the world. The workflow (the order in which documents circulate between employees) is configurable and can involve several people. The colleague responsible for the vehicle fleet sees only documents relating to the fleet and is best placed to judge whether the amount invoiced is justified.

For our customers, the period from receiving an order to invoicing has shortened by an average of 9 days.

Faster approval

Eliminating unnecessary and inefficient costs

Approving purchase orders and purchase requests prevents unnecessary purchases. Approving incoming invoices, in turn, reduces the likelihood of paying an invoice that was not justified – for example, the work was delivered to a different extent, the goods were of a different quality and so on. Reduce your company's costs thanks to an overview of every cost the company incurs.

In companies with mandatory approval, costs fell by an average of 7.1%.

Eliminating unnecessary and inefficient costs

Fewer errors

The problems we heard most often from the companies that came to us and became our customers were payments to the wrong account or with the wrong payment reference, lost documents, or an unplanned order that nobody knew about until the invoice arrived.

AI document reading minimizes the human factor and eliminates errors caused by retyping. Accurate and reliable data from ReFIS can be exported to your other company systems.

Fewer errors

Time savings on administrative tasks

Administrative tasks slow your company down. They do not only take up the time of administrative staff – worse still, they also eat into managers' productive time. ReFIS therefore saves time twice over: managers devote themselves to activities directly related to their work, and the back office gets rid of unnecessary busywork.

After implementing ReFIS, a manager saves an average of 3 hours per week.

Time savings on administrative tasks

Less manual work and faster processes

ReFIS extracts all the important data from invoices automatically and frees you from errors in manual entry. Accountants can therefore focus on accounting instead of tediously retyping documents.

You save up to 80% of the time when processing incoming invoices.

Less manual work and faster processes

Real-time control and overview

Complete control over every document, clearly laid out – at any moment you know where a document is and whose approval it is waiting for. You see the status of costs, projects and budgets immediately after a document is approved, without waiting for the monthly close. Managers therefore decide on the basis of current data, not estimates.

Real-time control and overview

Everything in one place, 24/7

An electronic repository of all documents available 24 hours a day from anywhere – from a computer and from a phone. A document is stored exactly where it belongs and you call it up in a few clicks. No more searching through binders, shared drives and mailboxes.

Everything in one place, 24/7

Legislative certainty

Mandatory eInvoicing, the PEPPOL network and document archiving in line with the law. ReFIS is an accredited eInvoice service provider – you meet your legal obligations automatically, without studying the legislation yourself and without the risk of fines.

Legislative certainty

Quick adoption by employees

The most common reason digitization projects fail is not the technology, but the fact that employees do not embrace it. ReFIS adapts to your people and your processes – it does not force them to work differently, only more comfortably. We train them by role and stay with them until the company feels at home with automation.

Our clients confirm it: employees got used to it quickly.

Quick adoption by employees

Document security

Sensitive documents are not left lying around on desks or in mailboxes. Detailed access rights ensure that everyone sees only the documents that belong to them – by role, department or project. And when an audit comes, you give the auditors access in a few clicks.

Document security

A service that grows with you

No expensive IT project with an uncertain ending and hidden costs. ReFIS is a service with a monthly flat fee – we deploy it within a few weeks, adapt it to your processes, and new users simply connect. Once the first changes deliver value, we can smoothly carry on improving.

A service without an implementation project

Data for negotiating with suppliers

An exact overview of how much you spend and with whom – by supplier, cost center, project or period. With the data in hand you negotiate better prices and uncover purchases the company does not need.

Data for negotiating with suppliers

Continuity when an employee leaves

Processes, history and documents are in the system, not in people's heads and binders. When a colleague leaves, nothing is lost – their deputy sees their agenda and a new person simply connects. The company is not dependent on individuals.

Continuity when an employee leaves

Resilience against disasters

Fire, water or a stolen laptop can destroy a paper archive beyond recovery. An electronic archive in the cloud with backups keeps working – your documents are safe and the company carries on without interruption.

Resilience against disasters

Preventing internal fraud

Approval rules and limits ensure that no document slips through “quietly” – whatever needs approving is approved by the person authorized to do so. The audit trail shows at any time who viewed, edited and approved a document.

Preventing internal fraud

Work from anywhere

The approver does not have to be in the office – they approve documents from home, from a business trip and even while on vacation, from a computer or from the mobile app. Home office and hybrid work without paper and without waiting.

Work from anywhere

Independence from your accounting software

Accounting software in companies changes over time – ReFIS stays. Document circulation, approval and the archive keep working regardless of which business system you happen to be using. Your investment in digitization therefore survives every change of accounting system.

Independence from your accounting software

Growth without growing administration

You handle many times more documents without new people in administration. Our clients process tens of thousands of invoices a month – and they grow without a growing back office. What two people could not keep up with before, one person now manages.

Growth without growing administration

Happier employees, less paper

Less tedious retyping, chasing signatures and leafing through binders. We do not force people to work differently – only more comfortably. You also save paper, printing and the delivery of documents between locations.

Happier employees, less paper

Would your documents withstand an auditor's scrutiny?

We will show you ReFIS working on the processes of a financial group – with no obligation.