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Orchestra has recently released a new feature to help you work smarter by automatically calculating and distributing dividend statements to your shareholders.

For those of us that find ourselves on repeat every month, quarter or year calculating and processing dividends to shareholders, you’ll know just how highly administrative and prone to human error this process can be.

In this article, we’ll explore the top five reasons to automate the calculation and distribution of dividends so that you can look polished, save time and ensure accurate calculations of every dividend.

1. Save on time and cost

Sending dividend statements manually can be tedious and time-consuming, especially for large corporations with numerous shareholders. Automating this process allows companies to free up valuable resources, enabling finance teams to focus on more strategic tasks.

2. Improve accuracy and compliance

Complex spreadsheet calculations can be prone to human error, and maintaining an accurate worksheet takes effort, especially when you’re working through comprehensive reporting with regulatory bodies, like Inland Revenue. By using automated tools and software, like Orchestra, companies can eliminate the risk of miscalculations, ensure precise dividend distributions for timely tax filings, and maintain compliance with regulatory authorities. This accuracy can prevent costly mistakes and maintains a favourable reputation for the company.

3. Generate professional dividend statements

Through an online portal, Orchestra enables companies to generate and publish professional dividend statements directly to eligible shareholders electronically. Shareholders can access their statements conveniently, review their dividend amounts, and download necessary documents. This streamlined approach not only enhances shareholder satisfaction but also improves overall transparency and communication between the company and its investors.

4. Access dividend statements anytime

Paper-based dividend statements can be hard to keep track of, especially when you need them quick. Your shareholders can access their statements anytime and anywhere directly within their Orchestra login. This will be handy when they need it for tax purposes.

5. Scale easily

As your company grows and the number of shareholders increases, managing dividend calculations in a spreadsheet becomes increasingly challenging. Using Orchestra allows companies to scale their operations seamlessly using automation to handle calculations and distribution for any number of shareholders, accommodating growth without compromising efficiency.

In summary:

In today’s fast-paced work environment, leveraging smart technology to automate repetitive tasks such as dividend calculations and distribution is essential for businesses striving for efficiency, accuracy, and compliance. By embracing tools like Orchestra, companies can enhance accuracy, save time and costs, improve shareholder communication, ensure compliance, and scale their operations seamlessly. This can help free up much-needed time to focus on strategic financial management while delivering a superior dividend experience to shareholders.

Talk to our team at Orchestra to get your company set up quickly and easily.