5 Signs A Company Should Switch to a Superior Financials Software Package
Companies use vertical market software to manage the operations side of their business. Right out of the box, industry-specific software is designed to meet the operational needs of the niche it serves.
But what about the financial side of the business? A robust financials package may not be required during the company's start-up phase. However, as the organization grows, it generates more revenue and more expenses. New departments, divisions, and entities come online. It doesn't take long before more sophisticated financials software is needed in order to track and report on the company's financial performance.
Controllers and CFOs who discover they have more sophisticated accounting needs than their financials software can support are prime candidates for exploring new accounting software. Here are 5 signs that it's time to consider a more powerful financials package:
- Extensive custom programming is needed for the accounting software package to handle company financials.
- Manual accounting processes are the rule rather than the exception.
- Generating reports is a multi-step, time consuming process that requires third-party software.
- Budgeting and forecasting is done with spreadsheets. Users can't see details or the real-time impact of their decisions.
- There is a lack of consistent financial reporting across all of the organization's entities.
Ready to start exploring the options? Tour the extended functionality of the SBS Financials Suite.
