When spreadsheets and workarounds become the norm for your finance departmetn, it’s time to upgrade your financial management software. Financial close times and audit preparations take too many weeks to complete and sales that occur on the last day of the quarter often do not get entered into the system, thereby not getting recognised as revenue on time. Critical financial processes such as handling financial consolidation, multi-state and country taxation, and reporting based on multiple currencies become a huge productivity drag on your entire department and are plagued with errors. Add on regulatory requirements such as revenue recognition and constantly changing accounting standards across countries you’re operating in, and the pressures get compounded. If any of these scenarios sound familiar, it’s time to take a hard look at how your existing business systems may be hurting your bottom line.
This white paper outlines the nine essentials of a complete financial management system and how the right solution can help you keep up with the rapidly changing business world.
- Core Business Management Capabilities
- Integrated Inventory Management, Fulfilment and Shipping
- Low Total Cost of Ownership and Superior Ease of Use
- Streamlined Order-to-Cash Process
- Procure-to-Pay Processes
- Business Intelligence
- Multi-Company and Global Business Management
- Adaptability to Specific Business Models
- Project Accounting and Contracts Management
Complete the form to download the Whitepaper.
