As the size, complexity, and pace of your business grow, frustrations can multiply. That accounting system that you first relied on to manage finances and operations has, over time, gradually become a barrier to growth and efficiency. Accounting works best when it operates in seamless collaboration with other departments and functions. Unfortunately, many starter accounting systems aren’t well-integrated with other organizational tools and systems. This often leaves teams trapped in manual processes, spreadsheets, cumbersome workarounds and slower workflows as you manage conflicting formats and rekey the same data in multiple systems.
With so many pressing responsibilities, it’s no surprise that many organizations aren’t necessarily laser-focused on the state of their software infrastructure. In fact, it’s not uncommon to find companies that haven’t updated their accounting system for years. But in a highly competitive business environment, you can’t afford the growing overhead costs, functional limitations, and unnecessary risks that come with settling for “the way it’s always been done.”
Making the move to a new financial management system is a big decision. As you consider alternatives for modern finance and accounting, the article below from Sage Intacct can help you craft a compelling case for moving the organization away from systems designed for the past and into a brighter future where automation and timely reporting across the organization are a reality.