The Essentials of Effective Financials Software
Many SMB companies stick with older, legacy systems due to sheer inertia – and the age old adage, “if it ain’t broke don’t fix it”. But you need to ask yourself: have your spreadsheets become unwieldy, are cash flow issues chronic, is accounting staff wasting time on manual & duplicative work? If your answer is yes to any of these, it’s time to formulate a new plan and upgrade your accounting/ financials software.
When the time comes to evaluate alternatives, it’s critical that the system you select enables you to integrate and centrally manage the following functions:
- Recurring Revenue and Revenue Recognition Management
- Financial Planning and Reporting
- Fixed Asset Management
- Integrated Inventory Management, Fulfillment and Shipping – A major component of cost control
- A Streamlined Order-to-Cash Process
- Business Intelligence
- Project Accounting and Contracts Management
A modern, end-to-end financial management system gives you deeper insights into your business, improves your ability to plan, and gives you business intelligence that refines processes and drives performance.
Download our complimentary buyer’s guide to Financial Management Software for more on what to look for in evaluating – and eventually implementing – a robust, flexible, fully integrated financials & accounting system.
