Financial leaders today balance the need to manage an increasing level of business complexity with the need for speed. You’re expected to keep your eye on multiple entities with multiple regulatory frameworks and multiple currencies. Think that’s complicated? Now add frequent change to the equation. A monthly financial check-in isn’t good enough for today’s CFO. You need the agility to make decisions at a moment’s notice—and those decisions must be based on the real-time financial truth.
Here’s the question. In today’s complicated business climate, is your accounting software helping you grow and compete—or holding you back? The 2015 Buyer’s Guide to Accounting and Financial Software will help you understand whether it’s time to make a move.
Why is it so hard to get good financial information?
The last major adoption wave for financial management and accounting software dates back to the late 1980s, following the shift to Microsoft Windows. Every major financial software package today arose from this transition. QuickBooks, Microsoft Dynamics, SAP, and Oracle all pre-date the Internet.
The problem with these systems is that they were never designed for today’s always-on, always-connected, always-working world. Instead of being able to configure your system on the fly, you have to pay for costly, permanent customizations. As a result, you find yourself held back by vendor lock-in. This lack of flexibility also makes it difficult to get the reports you need, with the right information at the right time.
What’s more, there’s a cost to not being able to gain real-time visibility into your organization’s financial and operational KPIs. It’s the cost of having your competitors make faster, better decisions than you.
If you are considering a new financial management system, this guide reviews the different delivery models available and provides guidelines to those considering making a move to the cloud.
Download the 2015 Buyer’s Guide to learn more.