eBooks
Issue link: https://read.uberflip.com/i/909385
Have You Outgrown Your Old Accounting System? 6 Sign No. 3: You Can't Keep up with Business Expansion As you add business units and expand into new markets and geographies—or even add entirely new lines of business—the burden on finance can quickly become overwhelming. Soon enough, you're handling new subsidiaries with more currencies, tax jurisdictions, regulatory frameworks, sales channels, and product costs� And if you're growing through acquisition, the added complexity isn't gradual—it's immediate� Is Your Accounting System Failing You? Unfortunately, legacy accounting systems weren't designed to support the fast growth and expansions that smart businesses are pursuing� They're typically ill-suited to add entities quickly� If you're acquiring business units, you may be trying to stitch together a consolidated view across entities that use different accounting systems. That leaves you unable to track costs of different lines of business or services projects� Soon, you're hiring more people just to keep up with transaction volumes� The Savvy Evaluator: Plan for the future� Determine how easy (or complex) it is to add entities in the future—and whether you'll get the reports and visibility you need across your business� Sage Intacct customers cut their monthly closing cycle by up to 75 percent. Others cut global transaction processing time by up to 80 percent. What Best-In-Class Cloud Financial Management Solution Offers A best-in-class cloud financial management solution is designed to grow with you and let you: • Quickly streamline financial consolidations. • Enforce a shared chart of accounts across entities. • Gain detailed visibility across all entities. • Easily share workflows and data in real-time – anywhere, anytime. • Perform financial closes significantly faster. 75%