Cloud Financials Keep You Ahead
3) Information Logjams Cost You Money Many organizations 'make do' with paper-based processes, time-consuming workarounds, and spreadsheet consolidations — despite the waste of resources and increased risk of errors. Data waiting to be entered or consolidated can't be made available where it's needed. These information logjams have a hidden cost that grows as the pace of business accelerates. A cloud financial system designed to work in sync with other business functions eliminates the need for workarounds and spreadsheets. Cloud systems connect easily and securely to other applications — especially customer-facing systems such as CRM and ecommerce — bringing data directly into the financial system for end-to-end processing and analysis. "It has really automated our expense capture and tracking, our reporting and approvals. It really speeds up the invoicing process for those billable expenses coming through. Sage Intacct has really allowed us to automate all of our processes, whether it be booking entries or running reports." - Kristyl Riggs , Accounting Supervisor, Kyriba 4) Automation Makes You Lean Up-and-coming businesses gain a significant competitive edge when they harness digital connectivity to streamline productivity and enhance outcomes. Manual processes constantly burn up money — wasting productive employee time on repetitive data input, copying, and physically storing documents that create complex, time-consuming audit trails. A single, connected system that integrates easily with other cloud-based solutions helps an enterprise eliminate time-consuming manual processes. Introducing automated, digital processes for timesheets, expense claims, and billing can quickly improve efficiency, enhance accuracy, cut costs, and prevent revenue leakage.
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