I S Y O U R S O F T W A R E C O M PA N Y O U TG R O W I N G Q U I C K B O O K S ? 5 S I G N S I T ' S T I M E TO M O V E
Sign 5: Forecasting is Challenging
Capital consumption
Not knowing your cash position means that you can
overspend.
Less business agility
Investments get delayed or not made—decisions to invest
more in your product, hire, acquire and more.
Slower business growth
Delaying investments delays business growth.
Losing to your competition
Slower decision making decreases your ability to outmaneuver
and respond to the competition.
Challenges
"We can't efficiently predict our cash to manage operations and invest in the business."
In addition to challenging reporting, when you're piecing together multiple
systems and spreadsheets, you also impact your ability to forecast what's
happening in your business—when will revenue be recognized, what has been
billed already, and when will the cash come in?
Forecasting happens once a month or once a quarter instead of happening
continuously and on demand.
