Digitalization of accounting
June 1, 2026
|
0 min read

If you are considering the move to digital accounting, it is critical to understand which features truly matter. In this article, we walk through seven features no modern accounting automation software can operate without.

Feature 1: AI-Powered Data Extraction from Invoices and Documents

What it is:

Artificial intelligence automatically reads invoices, receipts, and contracts and extracts key data such as invoice number, due date, amount, supplier, and VAT—without manual data entry.

Why it matters:

Based on consultations with our clients, accountants spend up to 40% of their time manually entering data. AI-powered accounting digitization software reduces this time by up to 90%.

How it works in practice:

An invoice from your Mobile Network Operator arrives by email → AI extracts key data → the system automatically matches the invoice with a purchase order → the invoice is sent for approval → once approved, it is posted into an ERP of your choice.

Wflow advantage:

Wflow uses advanced OCR technology that recognizes handwritten receipts and non-standard invoice formats. Data extraction accuracy exceeds 96%.

Feature 2: Automated Invoice Processing

What it is:

Accounting automation software automatically validates invoices using 3-way matching (invoice vs. purchase order vs. goods receipt), detects duplicates, and flags suspicious transactions.

Why it matters:

According to the Association of Certified Fraud Examiners (ACFE), invoice fraud is one of the most common fraud vectors in companies—including Central Europe. Automated invoice processing significantly reduces fraud risk and ensures every invoice is properly reviewed.

How it works in practice:

A supplier issues an invoice for EUR 5,000 → the system verifies a matching purchase order → compares it with the warehouse receipt → if everything matches, the invoice proceeds to approval → if not, the system flags the discrepancy.

Business impact:

Companies using automated invoice processing reduce error rates and shorten processing times by 40–50%. Wflow clients report time savings of up to 50%.

Feature 3: Digital Document Archiving

What it is:

All invoices, contracts, receipts, and accounting documents are automatically stored in a secure digital archive with full-text search and qualified time stamps.

Why it matters:

Do you know how many years the accounting documents are required to be archived in your country? Digital archiving ensures authenticity, integrity, and readability throughout the document lifecycle.

How it works in practice:

Need a supplier invoice from 2021? Enter the supplier name or invoice number → the system displays it within seconds → download it, share it with an auditor, or forward it to a colleague.

Wflow advantage:

Wflow provides a secure digital archive with ISO 27001 certification, qualified time stamps, and a complete audit trail. Documents are accessible anytime, anywhere.

Feature 4: Real-Time Financial Reporting

Image source: Wflow BI

What it is:

A dashboard showing the current financial position of the company—unpaid invoices, monthly expenses, and cash flow bottlenecks.

Why it matters:

CFOs need visibility now, not after month-end close. According to Gartner, companies using real-time reporting achieve 30% better cash flow control.

How it works in practice:

The CFO opens the dashboard → sees 15 unpaid invoices totaling EUR 450,000 → three are overdue → clicks into the detail and immediately initiates follow-up.

Business impact:

Real-time financial reporting enables faster decisions, better cash flow planning, and fewer surprises at closing.

Feature 5: Mobile Approval Workflows

What it is:

Managers approve invoices, expenses, and purchase orders directly from their mobile devices—anytime, anywhere.

Why it matters:

In hybrid and remote work environments, mobile access is essential. Invoices should not wait a week for a manager to return to the office.

How it works in practice:

An employee uploads a travel receipt → the manager receives a mobile notification → reviews and approves with one click → the expense is posted and archived automatically.

Wflow advantage:

Wflow offers a native iOS and Android app with offline mode. Approvals work even without internet access; data syncs automatically.

Feature 6: Seamless ERP Integration

What it is:

Accounting digitization software connects to your existing ERP system via API—no ERP replacement required.

Why it matters:

Companies do not want to replace systems they have already invested in. ERP integration ensures automatic data flow without manual imports or exports.

How it works in practice:

An invoice approved in Wflow → automatically posted in ERP of your choice → linked to the digital archive → viewing the invoice in ERP displays the original PDF.

Wflow advantage:

Wflow integrates with 50+ accounting systems and banks using ready-made connectors or open API.

Feature 7: Automated Expense Management

What it is:

Employees photograph receipts using their mobile phones. The system extracts data, matches it with corporate card transactions, and routes it for approval.

Why it matters:

Expense management is often the weakest link in accounting—lost receipts, missing approvals, Excel chaos. Automation eliminates these issues.

How it works in practice:

An employee pays for lunch with a corporate card → photographs the receipt → AI extracts data → the system matches it with the payment → the manager approves → the expense is posted and archived.

Business impact:

Companies automating expense management save 15–20 hours per month and reduce errors by up to 80%.

💡 Key Takeaways

  • AI-powered accounting digitization software eliminates up to 90% of manual document work with 96% accuracy.
  • Automated invoice processing reduces fraud risk and cuts processing time by 40–50%.
  • Digital archiving ensures legal compliance and instant access for at least 10 years.
  • Real-time reporting gives CFOs continuous control over cash flow.
  • Mobile approvals prevent workflow delays.
  • ERP integration enables automation without replacing existing systems.
  • Automated expense management saves time and eliminates lost receipts.

FAQ

What are the most important features in accounting digitization software?

AI data extraction, automated invoice processing, digital archiving, real-time reporting, mobile approvals, ERP integration, and automated expense management.

How does AI improve accounting digitization?

AI extracts invoice and receipt data automatically, detects duplicates and suspicious transactions, reduces errors by up to 95%, and shortens processing time by 40–50%.

Can accounting digitization software integrate with existing systems?

Yes. Modern accounting automation software integrates with most ERP systems via API or ready-made connectors—no ERP replacement required.

7 Key Features of Accounting Digitization Software That Will Take Your Business to the Next Level

In accounting digitization, the real value lies in control, speed, and real-time decision-making. This article outlines 7 key features of accounting digitization software that have a measurable impact on finance team efficiency—from AI-powered data extraction to real-time reporting and ERP integration.

96%

Data extraction accuracy by AI-powered software

90%

Time saved on manually entering data

30%

Better cash flow control with real-time reporting

Digital accounting digitization is not about replacing paper invoices with PDFs. It is a fundamental transformation that saves time, eliminates errors, and gives CFOs and finance teams real-time control over company finances.

If you are considering the move to digital accounting, it is critical to understand which features truly matter. In this article, we walk through seven features no modern accounting automation software can operate without.

Feature 1: AI-Powered Data Extraction from Invoices and Documents

What it is:

Artificial intelligence automatically reads invoices, receipts, and contracts and extracts key data such as invoice number, due date, amount, supplier, and VAT—without manual data entry.

Why it matters:

Based on consultations with our clients, accountants spend up to 40% of their time manually entering data. AI-powered accounting digitization software reduces this time by up to 90%.

How it works in practice:

An invoice from your Mobile Network Operator arrives by email → AI extracts key data → the system automatically matches the invoice with a purchase order → the invoice is sent for approval → once approved, it is posted into an ERP of your choice.

Wflow advantage:

Wflow uses advanced OCR technology that recognizes handwritten receipts and non-standard invoice formats. Data extraction accuracy exceeds 96%.

Feature 2: Automated Invoice Processing

What it is:

Accounting automation software automatically validates invoices using 3-way matching (invoice vs. purchase order vs. goods receipt), detects duplicates, and flags suspicious transactions.

Why it matters:

According to the Association of Certified Fraud Examiners (ACFE), invoice fraud is one of the most common fraud vectors in companies—including Central Europe. Automated invoice processing significantly reduces fraud risk and ensures every invoice is properly reviewed.

How it works in practice:

A supplier issues an invoice for EUR 5,000 → the system verifies a matching purchase order → compares it with the warehouse receipt → if everything matches, the invoice proceeds to approval → if not, the system flags the discrepancy.

Business impact:

Companies using automated invoice processing reduce error rates and shorten processing times by 40–50%. Wflow clients report time savings of up to 50%.

Feature 3: Digital Document Archiving

What it is:

All invoices, contracts, receipts, and accounting documents are automatically stored in a secure digital archive with full-text search and qualified time stamps.

Why it matters:

Do you know how many years the accounting documents are required to be archived in your country? Digital archiving ensures authenticity, integrity, and readability throughout the document lifecycle.

How it works in practice:

Need a supplier invoice from 2021? Enter the supplier name or invoice number → the system displays it within seconds → download it, share it with an auditor, or forward it to a colleague.

Wflow advantage:

Wflow provides a secure digital archive with ISO 27001 certification, qualified time stamps, and a complete audit trail. Documents are accessible anytime, anywhere.

Feature 4: Real-Time Financial Reporting

Image source: Wflow BI

What it is:

A dashboard showing the current financial position of the company—unpaid invoices, monthly expenses, and cash flow bottlenecks.

Why it matters:

CFOs need visibility now, not after month-end close. According to Gartner, companies using real-time reporting achieve 30% better cash flow control.

How it works in practice:

The CFO opens the dashboard → sees 15 unpaid invoices totaling EUR 450,000 → three are overdue → clicks into the detail and immediately initiates follow-up.

Business impact:

Real-time financial reporting enables faster decisions, better cash flow planning, and fewer surprises at closing.

Feature 5: Mobile Approval Workflows

What it is:

Managers approve invoices, expenses, and purchase orders directly from their mobile devices—anytime, anywhere.

Why it matters:

In hybrid and remote work environments, mobile access is essential. Invoices should not wait a week for a manager to return to the office.

How it works in practice:

An employee uploads a travel receipt → the manager receives a mobile notification → reviews and approves with one click → the expense is posted and archived automatically.

Wflow advantage:

Wflow offers a native iOS and Android app with offline mode. Approvals work even without internet access; data syncs automatically.

Feature 6: Seamless ERP Integration

What it is:

Accounting digitization software connects to your existing ERP system via API—no ERP replacement required.

Why it matters:

Companies do not want to replace systems they have already invested in. ERP integration ensures automatic data flow without manual imports or exports.

How it works in practice:

An invoice approved in Wflow → automatically posted in ERP of your choice → linked to the digital archive → viewing the invoice in ERP displays the original PDF.

Wflow advantage:

Wflow integrates with 50+ accounting systems and banks using ready-made connectors or open API.

Feature 7: Automated Expense Management

What it is:

Employees photograph receipts using their mobile phones. The system extracts data, matches it with corporate card transactions, and routes it for approval.

Why it matters:

Expense management is often the weakest link in accounting—lost receipts, missing approvals, Excel chaos. Automation eliminates these issues.

How it works in practice:

An employee pays for lunch with a corporate card → photographs the receipt → AI extracts data → the system matches it with the payment → the manager approves → the expense is posted and archived.

Business impact:

Companies automating expense management save 15–20 hours per month and reduce errors by up to 80%.

💡 Key Takeaways

  • AI-powered accounting digitization software eliminates up to 90% of manual document work with 96% accuracy.
  • Automated invoice processing reduces fraud risk and cuts processing time by 40–50%.
  • Digital archiving ensures legal compliance and instant access for at least 10 years.
  • Real-time reporting gives CFOs continuous control over cash flow.
  • Mobile approvals prevent workflow delays.
  • ERP integration enables automation without replacing existing systems.
  • Automated expense management saves time and eliminates lost receipts.

FAQ

What are the most important features in accounting digitization software?

AI data extraction, automated invoice processing, digital archiving, real-time reporting, mobile approvals, ERP integration, and automated expense management.

How does AI improve accounting digitization?

AI extracts invoice and receipt data automatically, detects duplicates and suspicious transactions, reduces errors by up to 95%, and shortens processing time by 40–50%.

Can accounting digitization software integrate with existing systems?

Yes. Modern accounting automation software integrates with most ERP systems via API or ready-made connectors—no ERP replacement required.

Digitalization of accounting

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Expense management
2026-06-15
|
0 min read

Expense Management: How CFOs Can Digitize Corporate Costs and Save Time

For accounting automation and digital transformation to truly save time for you and your team, you need the right expense management software. What features should such a solution include?

Modern expense management software gives CFOs real-time control over corporate spending, accelerates approval workflows, and removes the administrative burden that slows down finance teams. A modern digital accounting platform is no longer about chasing paper receipts or manually rewriting data into Excel spreadsheets.

Using the example of employee expense reimbursement, this guide explains how an expense management platform works, its benefits, essential features, and how to implement it successfully.

What Is Expense Management Software?

Expense management software is a digital solution that automates the entire process — from payment and receipt capture to posting in the accounting system and reimbursement. The goal is not merely to digitize paper receipts, but to simplify and streamline the full lifecycle of corporate expenses.

Traditional vs Digital Expense Management

Traditional approach (Excel and paper receipts):

  • Employees collect paper receipts
  • Fill out expense forms manually in Excel
  • Request payment approval via email
  • Accountants manually review and re-enter data into accounting software
  • Reimbursement arrives weeks later

Digital expense management:

  • Simple mobile receipt capture
  • Automatic OCR data extraction
  • Real-time approval workflows based on predefined rules
  • Direct integration with accounting software
  • Fast reimbursement with full audit trail

The Cost of Manual Expense Management

Time Wasted on Receipt Collection

Based on internal research with partners, administrative work represents up to 85% of finance department workload — including retyping, follow-ups, and manual entries. High-value analytical work represents only 15%.

Manual data entry from receipts increases error risk and opens the door to manipulation.

Data Entry Errors and Fraud Risk

According to the Association of Certified Fraud Examiners (ACFE), even minor fraud can have devastating financial and reputational consequences. Automated expense management reduces these risks by standardizing controls.

Delayed Reimbursements Impact Employee Satisfaction

When employees wait 3–4 weeks for reimbursement, it negatively affects morale and trust. Modern expense management solutions reduce processing time from weeks to days.

Benefits of Expense Management Solutions

Real-Time Spending Visibility

CFOs see up-to-date corporate spending by department, project, or employee — before month-end close.

Automated Receipt Capture and OCR

Employees photograph receipts using their mobile devices. AI extracts amount, supplier, date, VAT, and expense category automatically.

Policy Enforcement and Approval Workflows

The system verifies compliance with internal policies (spending limits, categories, approvers) before reimbursement. Approval workflows are automated based on rules such as amount thresholds or department.

Managers approve expenses directly via mobile app with one click.

Integration with Accounting Software

Approved expenses are automatically transferred to your ERP or accounting system, eliminating double data entry.

Essential Features of Expense Management Platforms

Mobile Receipt Scanning

Employees capture receipts immediately after purchase. The application works offline and synchronizes once connected.

Automated Categorization

Based on AI and historical data, the system automatically assigns expenses to correct cost centers and categories.

Multi-Currency Support

For international teams, automatic currency conversion based on current exchange rates is essential.

Reporting and Analytics

Expense reports can be filtered by department, supplier, project, or category. Data exports support management presentations and advanced analysis.

What Wflow Brings to Expense Management

Wflow connects invoices, corporate cards, and receipts on one platform. No expense escapes visibility.

  • Bank integration and automatic matching
  • Direct connection to bank accounts ensures payments are automatically matched with invoices and receipts.
  • 50+ ERP integrations
  • Integration ensures seamless data flow.
  • AI-based data extraction
  • OCR technology extracts data from receipts and invoices without manual entry.
  • Mobile app with offline mode
  • Employees submit expenses instantly, even without internet access.
  • Solving core finance pain points:
    • Missing VAT documentation alerts
    • Real-time cash flow visibility
    • Reduction of manual document handling

How to Choose Expense Management Tools

Integration with Your Accounting System

Ensure the expense management software integrates with your ERP or accounting software.

User-Friendliness

If the application is not intuitive, employees will not use it. Always test the mobile app before selecting a provider.

Flexible Approval Workflows

The system must allow approvals based on your organizational structure and internal policies.

Compliance with Local Legislation

The platform should support local VAT requirements and document retention rules.

Implementation Best Practices

Map your current process. Identify bottlenecks from expense occurrence to reimbursement.

Define company policies. Establish spending limits, approval authority, and documentation requirements.

Select the right expense management platform.

Start with a pilot. Implement within one department to validate workflows.

Train employees and managers.

Optimize and scale. Expand to travel expenses, corporate cards, and additional teams.

Expense Management by Company Size

Smaller companies value simplicity and rapid deployment without requiring an IT department.

Mid-sized and large organizations benefit from advanced workflows, cost center reporting, deeper ERP integration, and multi-currency functionality.

The Digital Future of Expense Management

The future of expense management lies in deeper automation — automatic matching of card transactions, predictive analysis of spending patterns, and AI-driven compliance monitoring.

Artificial intelligence will continue eliminating manual steps, allowing CFOs to focus on strategic cost optimization instead of administrative tasks.

💡 Key Takeaways

  • Expense management software provides real-time control over corporate spending.
  • Automation reduces errors, accelerates reimbursement, and improves employee satisfaction.
  • Integration with ERP systems eliminates double data entry.
  • CFOs gain ongoing cost visibility instead of relying on month-end reports.

Ready to Gain Control Over Corporate Expenses?

A modern expense management platform enables gradual transformation without disrupting daily operations. Start with a pilot team and quickly demonstrate measurable impact.

FAQ

What is expense management software?

Expense management software automates receipt capture, approvals, categorization, and reimbursement processes while integrating with accounting systems.

How does automated expense management work?

Employees capture receipts via mobile, AI extracts data, the system enforces policy rules, routes approvals, and posts expenses automatically.

Can expense management software integrate with our ERP?

Yes. Modern platforms integrate with ERP systems via API or pre-built connectors.

What is the ROI of expense management automation?

Companies typically reduce administrative workload by dozens of hours per month while decreasing error rates and reimbursement delays.

Sources:

Digitalization of accounting
2026-06-08
|
0 min read

What Is Digital Accounting? The Complete Guide for Modern CFOs

Digital accounting provides a way to gain greater control over finances, accelerate decision-making, and eliminate manual work that slows down finance teams. The combination of modern digital accounting software and accounting automation tools enables CFOs to transform finance operations gradually and realistically—without disrupting daily business operations.

Digital accounting is no longer an experiment or a “nice-to-have” technology. For modern CFOs, it represents a practical way to gain stronger financial control, speed up decision-making, and remove manual work that limits the effectiveness of finance teams.

Understanding Digital Accounting

Digital accounting refers to the use of digital tools and automated accounting processes to handle accounting documents, approvals, archiving, and reporting. The goal is not to replace the core accounting system, but to simplify and bring clarity to document-related workflows—from receipt through posting and payment.

Unlike traditional accounting approaches based on paper documents, emails, and manual data entry, digital accounting enables real-time data processing, a clear history of changes, and significantly lower error rates.

Benefits of Digital Accounting Software

Time Savings Through Automation

Automated accounting eliminates manual retyping of data from invoices and receipts. Finance teams can focus on control and analysis instead of administrative tasks.

Higher Data Quality

Automated document processing reduces errors caused by human factors—whether accidental or intentional—and ensures consistent, reliable data inputs into accounting systems.

Better Expense Control

Continuous approval workflows and real-time visibility into liabilities allow management to control expenses throughout the month, not only after month-end close.

Faster Financial Close

When documents are processed continuously, monthly and annual closes stop being stressful last-minute marathons.

Real-Time Financial Reporting

Modern digital accounting solutions enable real-time reporting by department, project, or cost center, improving financial planning and forecasting.

Audit Trail and Traceability

Every step in the process is fully documented. A complete audit trail simplifies internal controls and external audits.

Essential Features of Digital Accounting Tools

Automated Invoice Processing

AI-powered invoice automation extracts key data (amounts, suppliers, tax dates, references) using OCR and artificial intelligence, significantly accelerating accounting work.

Source: Wflow mobile app

Document Approval Workflows

Invoices and accounting documents are approved according to predefined rules—by amount, project, or responsible person—creating a clear and auditable accounting workflow.

Integration with Accounting and ERP Systems

Digital accounting tools must function as an extension of existing ERP or accounting software, not as a replacement.

Digital Archiving and Document Management

Digital archiving ensures secure storage of accounting documents in compliance with current legislation and enables fast document retrieval.

How to Implement Digital Accounting Step by Step

Map Current Processes

Describe the journey of an accounting document from receipt to payment. Where do delays occur? Who approves what?

Choose the Right Digital Accounting Platform

Select a solution that integrates with your existing accounting system and supports automated accounting workflows.

Launch a Pilot Project

Start with one agenda—typically accounts payable invoices—to quickly demonstrate value.

Involve People

Explain the benefits of the new process to accountants and managers, and clarify expectations.

Optimize and Scale

Once benefits are proven, gradually expand digital accounting to additional document types and processes.

Digital Accounting by Company Size

Smaller companies value simplicity and fast deployment without the need for internal IT teams.

Mid-sized and large organizations benefit from advanced accounting workflows, multi-level approval matrices, deeper automation, and robust ERP integrations.

The Future of Accounting: AI and Automation

The future of accounting lies in higher levels of automation, artificial intelligence, and predictive financial management. Digital accounting is rapidly becoming the standard—not a competitive advantage.

💡 Key Takeaways

  • Digital accounting is about improving document-related processes, not replacing accounting systems.
  • Well-designed digital accounting solutions provide clarity, control, and time for strategic decisions.
  • CFOs gain real-time financial data instead of waiting for period-end closes.

Ready to Take Your Accounting to the Next Level?

The combination of modern digital accounting software and automated accounting tools enables a realistic, step-by-step transformation without disrupting daily operations. A simple pilot project is often the fastest way to demonstrate real business value.

Sources:

Digital archiving of documents and evidence
|
0 min read

A Complete Guide to Digital Archiving Software

Is data in cloud-based accounting secure? And does it meet European requirements for archiving accounting documents? Choose a tool that will give you peace of mind.

What Is Digital Archiving?

This is not just scanning paper documents into PDFs. Digital archiving is a controlled process that guarantees legal validity, traceability, and long-term security of documents throughout their entire lifecycle.

Digital vs Physical Document Storage

Area Physical Storage Digital Archiving
Storage Binders, warehouses, physical space Cloud-based digital archive
Access Manual search, time-consuming Instant access from anywhere
Security Risk of loss, damage, theft Encryption, backups, access control
Audits Physical presence, copying Read-only online access
Compliance Signatures, stamps Qualified timestamps, e-signatures
Costs Storage rent, boxes Pay per user or data volume

Legal Requirements for Document Retention

While specific regulations vary by country, most modern legal frameworks require organizations to demonstrate three fundamental principles when storing documents electronically:

  1. Authenticity of origin – proof of who created the document
  2. Integrity of content – confirmation the document has not been altered
  3. Readability – documents must remain accessible and legible throughout the legally required retention period. Retention requirements vary by jurisdiction and document type, often ranging from 5 to 10 years for accounting records and significantly longer for payroll or employment-related documents.

These requirements are ensured through qualified time stamps, electronic signatures, and an uninterrupted audit trail.

Benefits of Digital Archive Software

Security and Compliance

Digital archiving software ensures secure document storage in compliance with EU regulations. Encryption, access rights, and audit trails protect sensitive financial data.

Space and Cost Savings

Physical archives cost companies tens of thousands of EUR annually. Digital archiving eliminates warehouse costs and protects documents from fire, flooding, or physical degradation.

Instant Document Retrieval

Need an invoice from 2019? Enter the document number or supplier name and retrieve it within seconds - from the office, home, or mobile device.

Disaster Recovery Protection

Automated backups and redundancy ensure documents are protected even in the event of system failure or physical disaster.

Key Features of Digital Archiving Solutions

OCR and Automated Data Extraction

OCR technology automatically extracts data from invoices, contracts, and receipts, enabling structured storage and fast retrieval.

Encryption and Access Controls

Digital archiving systems use encryption, role-based permissions, two-factor authentication, and ISO 27001 certification to ensure only authorized users can access documents.

Search and Filter Capabilities

Full-text search allows documents to be found by any word, invoice number, supplier, date, department, or project. Filters enable instant views such as “all invoices from supplier X in Q1 2026”.

Integration with Accounting Systems

Digital archive software must integrate seamlessly with accounting and ERP systems. Viewing an invoice in accounting should instantly display the original document and attachments.

How to Implement Digital Archiving

Document Assessment and Categorization

Identify how many documents you process annually, where they are stored, and how long they must be retained. Highlight pain points such as audit preparation delays.

Scanning and Digitization Process

Start with one document type - typically incoming invoices or contracts - to verify system performance and user adoption.

Metadata and Indexing Strategy

Define which documents are archived automatically, for how long, and who has access. Metadata such as supplier, date, and document type ensures long-term usability.

Digital Archiving for Compliance

Tax Document Requirements

Accounting and tax documents must remain accessible and legally valid for prescribed periods. Digital archiving solutions ensure compliance without physical storage.

Retention Periods by Document Type (valid 2026)

Retention requirements vary significantly by country, industry, and document type. Companies should always verify local legal and tax obligations.

Typical retention periods include:

  • Accounting records: often 5–10 years
  • Tax documents: commonly 5–10 years
  • Payroll and employment records: frequently longer, often 10–50 years depending on jurisdiction
  • Contracts: usually retained for the duration of the contractual relationship plus any applicable limitation period

Modern digital archiving solutions support configurable retention policies to accommodate different regulatory requirements across regions.

Audit Trail and Version Control

Every document access is logged - who viewed, downloaded, or modified it. This ensures transparency and audit readiness at all times.

Choosing Digital Archiving Software

Before selecting digital archiving software, verify that it meets these four criteria:

  1. Compliance with legislation in your country (and EU)
  2. Integration with your accounting system or ERP
  3. Security standards and regulatory compliance (e.g., ISO 27001 certification, GDPR compliance, or equivalent local requirements)
  4. Mobile access to archived documents

Digital Archiving with Wflow

Wflow provides secure digital archiving as part of a comprehensive accounting digitalization platform:

  • Automatic archiving of invoices, receipts, and contracts after approval
  • Full-text search with advanced filters
  • Legal validity via qualified time stamps and audit trails
  • Role-based access (accountant, manager, auditor)
  • Integration with 50+ accounting systems
  • ISO 27001 certification and GDPR compliance

The fastest way to see digital archiving in practice is a pilot project - typically starting with incoming invoices - followed by gradual scaling.

The Future of Digital Archiving

Digital archiving is becoming intelligent. AI automatically categorizes documents, detects duplicates, and flags missing attachments.

Emerging technologies such as AI, advanced metadata management, and distributed verification models may further improve trust, traceability, and compliance in digital archiving systems.

The future of accounting belongs to digital archives that not only store documents, but actively support compliance, reporting, and data analysis.

How much time and money can automating and digitizing your accounting save you?

💡 Key Takeaways

  • Digital archiving is about legal validity, instant access, and risk elimination — not just replacing binders.
  • Qualified electronic signatures and trusted timestamping services can help preserve the legal validity and evidential value of digital documents over time in jurisdictions that recognize them.
  • Integration with accounting systems is critical for long-term usability.

FAQ

How long should I keep accounting documents?

Retention periods vary by document type, typically 5–10 years for accounting documents and up to 50 years for payroll records.

Is digital archiving legally compliant?

Yes, if authenticity, integrity, and readability requirements are met using qualified time stamps and audit trails.

What is OCR in document archiving?

OCR converts document images into searchable and structured text, enabling fast retrieval and automation.

How secure is cloud-based archiving?

Modern cloud archiving uses encryption, access controls, backups, and ISO-certified infrastructure.

Sources:

Natasa Djalovic : On-Premise vs. Cloud Archiving: How to choose Right (2025)

E-Consulting: Lze účetnictví archivovat pouze elektronicky?  (2023)

FAQ

Frequently asked questions

Answers to the most frequently asked questions about corporate expense management, digital accounting, and approvals in the company.

Yes, a free trial and a personalized demo are available. Schedule a meeting with our sales team and try Wflow free for 14 days →

No, you don’t. Your existing accounting system can be connected to Wflow through ready-made integrations or an open API. Experience seamless integration and book a free 14-day demo. →

Yes. You can create invoices and purchase orders directly in the app and send them to customers or suppliers. Experience the complete document management cycle in Wflow. →

Simply upload your documents to Wflow via the mobile app, email, or web interface. AI automatically extracts the data, documents go through approval workflows, and are then posted to your accounting system and securely archived. Fast, accurate, and without unnecessary administration. Try Wflow today. →

The Profi plan starts at CZK 449 per user per month, while the Business plan starts at CZK 799 per user per month. For specific requirements, a custom Enterprise solution is also available. View pricing details and book a demo. →

More than 8,000 companies already manage finances without chaos.

80 %
reducing document processing time
98 %
documents processed automatically
12 min
average time savings per invoice

Lindt values low error rates and significant time savings

“The Wflow mobile app is the simplest and fastest way to approve invoices. I especially appreciate that I don’t need to turn on my computer for every transaction—just a few taps in the app and everything is taken care of.”

Kristýna Nejezchlebová
Project manager
Lindt

Shoptet introduced its first AI-powered internal processes with Wflow

“Today, we process all incoming documents digitally—from approval to handover to our external accounting firm. Wflow helped us streamline the entire process, improve efficiency, and build a strong foundation for further automation.”

Jan Hospodka
CEO
Shoptet
Finances under control even on the go

Approve expenses and manage documents anytime, anywhere

Approve expenses, upload documents and keep track of costs in real time, directly from your mobile.

Secure storage of documents
Connection to accounting systems
Every step traceable