If you think your company’s current accounting software is nothing more than accounting software, it might be time to consider a change. With the right accounting software in place, you will move beyond an application that simply records your transactions. If you choose the right, cloud-based accounting software, it will be an enabler of your growth. Don’t be skeptical. It’s true.
Having implemented a best-in-class, cloud-based accounting software from Intacct for the past seven years, we have seen firsthand the type of impact that companies should expect today – from streamlined order-to-cash cycles that reduce days sales outstanding (DSO) and eliminate duplicate entry to improved visibility that truly drives performance. While much of the impact comes from deep functionality across areas like revenue recognition, project accounting, and multi-entity support as well as tight integration with other critical applications like CRM, the true difference maker for many companies is the powerful analytics and reporting that provides executives and managers real-time access into how the business is doing against its targets across a virtually unlimited number of dimensions (e.g. department, location, project, product, service line, and/or account manager.)
Well executed, implementing a solution like Intacct, which is not just accounting software, puts the accounting and finance team in a real leadership position and an enabler of success!