How Cloud-Based ERP Can Help With Financial Pain Points

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Accurate Billing and Faster Invoices

It doesn’t take a financial expert to recognize that manual methods for tracking time and expenses are a major contributor to revenue leakage. When your employees are in the field working alongside clients around the world, it’s too easy to overlook or forget the crucial process of recording labor hours, noting all employee expenses, and tracking project-related purchases. Cloud ERP systems automate and streamline the time and expense management process. Your employees enter their labor hours, incidentals, and project expenses — at any time and from anywhere using a computer, tablet or smartphone — and managers get instant alerts to review and approve. What’s more, the data flows to your invoicing and revenue recognition processes. That means more accurate billing and faster reimbursements to employees.

It isn’t easy being a CFO. Your company relies on you for financial leadership, and as your organization grows, so do the challenges - faster closes, cleaner audits, smarter revenue management, deeper analyses, regulatory compliance, multinational consolidations... Add it up, and the headaches and sleepless nights are almost inescapable.

If outdated or constrained financial software infrastructure has held you back, there’s a better way. Cloud-based ERP software offers powerful and flexible financial applications that are transforming the way companies increase efficiency, drive growth, and plan for the future.

In this slideshow, Intacct shares the secret truths that CFOs are loath to admit — the things that keep them up at night – and how a cloud-ERP system can help overcome these challenges.

 

Related Topics : Vulnerabilities and Patches, Resellers, Broadcom, Broadband Services, Supercomputing

 
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