The 2013 Buyer's Guide To Accounting And Financial Software
As the world increasingly embraces a 24x7, borderless model for business, the demands on finance have never been greater. Unfortunately, too often, finance professionals must contend with outdated or inadequate financial management and accounting systems that present spiraling overhead costs, functional limitations, and unnecessary risks. And that makes it all the more challenging for them to respond to the escalating complexity of this new business climate which is more real-time and faster changing than ever before – encompassing frequent regulatory change and increased compliance challenges coupled with an expectation of Internet-speed business management and visibility across multiple entities,multiple currencies, and multiple tax and regulatory frameworks.
The last major wave of adoption of new financial management and accounting software dates back to the late 1980’s, following the shift in the workplace from DOS to Microsoft Windows. Every major financial software package today, from QuickBooks to Great Plains to SAP R/3, was born out of this transition twenty years ago. And this is why so many companies are struggling with their old financial management and accounting software packages – they all pre-date the Internet and were never designed for today’s always on, always connected, rapidly changing world.
Today, however, when it comes to financial software, companies finally have a growing range of choices – choices that are designed and built for the modern, connected real-time world. By embracing new breed financial software solutions, organizations of all sizes are achieving and enjoying the unprecedented flexibility of anytime/anywhere instant-access to financial data, reports, transactions, and analyses. That means real-time visibility into the financial health of the organization. It means faster execution of traditionally complex consolidations and period closes. And it means exceptionally rapid ROI.