Are you having trouble getting the reports you need out of your accounting package? Are you unable to effectively monitor your business? Do you feel like you’re not seeing the full picture? Unfortunately, this is the story of many businesses, from start-ups to small and medium-sized businesses in any industry.
You may have found that the current accounting package you are using lacks built-in support for some of the even more basic functions. To overcome these limitations, you might end up using Excel or creating new homegrown applications, causing workarounds and inefficiencies.
If you’re using a lot of spreadsheets, or other homegrown application, clearly you’ve found functions that you need but cannot be performed with the package you have. You likely have employees wasting time, re-entering redundant data from one system (i.e. Excel, fixed asset software, payroll software) to another.
This is wasted employee time that could otherwise be spent helping the company grow and innovate but instead is spent in a manual process that could easily be automated if these various systems were integrated. Additionally, errors in data entry could result in incorrect information being posted which can hurt customer satisfaction or delay processes such as closing your monthly financials.
Do you have to wait until after month end to see how your company performed in the previous period? With business on the web becoming ubiquitous, customers demand real-time access to information, and so should you. Without the necessary data, you can’t effectively monitor your company’s business performance in real time.
All of your company’s information should be at your fingertips to deal with inquiries in a timely manner. Occasionally cobbling together data from different systems may have been sufficient in the past; however, with a growing business the old ways of keeping a finger on the pulse of your business are no longer viable.
In today’s fast pace moving world, an integrated system that allows a single source of information to support the finance and operational functions is vital. The anytime, anywhere benefits of a real-time cloud system is crucial to know what’s happening with your company.
Are you looking to modernize your accounting technology? Let us help you along your journey to finding the right solution. Schedule a consultation by filling out the form below to get started.
Author: Aron Fredheim | [email protected]
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