Our latest guide ’10 Ways an Effective Financial Management Solution Facilitates Growth’ is designed to help businesses understand how rock-solid financials support growth. The guide ’10 Ways an Effective Financial Management Solution Facilitates Growth’ provides a detailed discussion on the factors that influence the ability of the finance function to keep in step with growth.
The economy recovery continues to strengthen, improving bottom lines. In many businesses senior management is looking to invest in new technology. During the recession budgets have been tight. A lot of companies have soldiered on with legacy IT systems. Or worse still, may have deferred investment decisions, forcing them to stick with manual, spreadsheet based accounting and business management processes.
As growth takes off, legacy systems and manual accounting processes can make it difficult for accounts teams to keep up. Legacy systems are seldom fit for purpose. Manual processes undertaken by teams that may have been trimmed during the recession will find it difficult to accommodate increased workloads without the expense of scaling up through hiring.
’10 Ways an Effective Financial Management Solution Facilitates Growth’ helps those in charge of the finance function to understand how integrating the finance function across operational areas eliminates time consuming manual processes, eliminating the potential for mistakes by enabling accuracy. Across the business this lets staff be more productive and perform more effectively.
NetSuite is a cloud-based ERP solution with a backbone of rich and robust finance functionality. This brings together all of your business processes on a common platform. This transforms your ability to manage the business by improving control, through reporting and analysis, and improving the timeliness of decision making. Ultimately this enables businesses to maximise profitability by driving down the cost of sales.