It starts innocently enough. You need a report your current accounting system can’t deliver, so you create a spreadsheet or hire a vendor to customize the code. A few months down the line, your company tries to capitalize on an opportunity by entering a new market or rolls out a new type of offering. Before long, you find that you are hiring consultants to build reports, add custom fields, and integrate new modules – and your staff is spending hours creating and updating spreadsheets that are out of date moments after they’re created.
If this scenario sounds familiar, then your accounting software is holding you back. It may be time to trade in that aging, inflexible software package that was never designed for an always connected, rapidly changing world – and embrace a new breed of financial software solutions that harness the power of the cloud to provide instant access to financial data.
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