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Providing services under the National Disability Insurance Scheme (NDIS) requires providers to navigate a complex web of paperwork. Invoicing customers and claiming payments back is a prime example. It’s essential to make sure invoices are complete and accurate, based on up-to-date information and formatted according to the NDIS requirements.
If you struggle to do this regularly, frequently, and, of course, successfully, then your cash flow could take a significant hit as you wait to receive your payments. However, if you can streamline this process and ensure that every invoice is accurate and complete, and all details are uploaded to the NDIS processing system in the correct format, then you can more accurately manage your cash flow and put more resources towards providing services for your clients.
Changing your business practices to account for NDIS accounting models sounds burdensome and onerous. However, it doesn’t have to be. And, with the right solution, you can actually save time and money while improving your compliance with NDIS requirements.
When you can streamline your workflows and even automate where possible, you can save both time and money. Time, because your workers no longer have to spend quite so much of it searching for data and checking (and re-checking) invoices. And money, because you can be assured that you’re capturing all of your services and activities for invoicing, recouping your costs, and getting paid more often.
There are three simple steps to streamlining your workflows:
The benefits of streamlined workflows
By streamlining your workflows through automation and better information management, you can achieve significant benefits. These can include:
Storata partners with leading software vendor, M-Files, to provide leading edge and affordable solutions to help you comply with all NDIS requirements. To find out more, read our blog on the role of technology in supporting NDIS compliance, or contact us today.