Many businesses rely on financial reporting to better understand the financial health of the organization and to spot potential issues. Financial reporting provides key insights into performance and can help make data-driven business decisions. But, there are numerous types of reports and metrics that businesses could use. This can make it overwhelming and difficult to…
More and more businesses are adopting cloud-based software. Cloud has the benefit of enabling users to access it from anywhere, any time. If you have a cloud-based financials system, but an on-premise payroll solution, it may be difficult for them to communicate with each other. This can affect the overall effectiveness of transitioning to a…
As new versions of software are released, previous versions may become outdated and eventually obsolete. Although many users will immediately purchase and upgrade to the newest version of their software, there are also many that prefer to continue using their current one. Reasons could be that they do not want to go through the trouble…
An ERP, or Enterprise Resource Planning software, is a great solution for integrating data and connecting multiple departments and functions, all within one system. An ERP solution can greatly improve your business performance by delivering benefits such as improved management of business resources, tools for gathering and reporting data from multiple sources, improved data accuracy,…
Payroll can be a time-consuming and tedious process, especially when your payroll and accounting software are not compatible. But does it really have to be a complicated process? Payroll solutions can be broadly categorized into two types: standalone payroll solutions, which functions on its own; and integrated payroll solutions, which are part of a larger,…
The accounting industry is always rapidly changing. Today, it’s becoming increasingly more challenging for accountants to operate due to increased competition, adhering to fast-evolving regulations, adapting to new technological changes, and meeting increased client demands. Accountants need to take the right measures in order to stay afloat. It’s important to find ways to operate more…
