Excessive time is spent in reconciling inter-company due to/from accounts because inter-company transactions have to be entered manually in each company.
Inter-company transactions re-keyed into multiple company databases.
There are errors.
Transactions not get recorded in all companies.
They get recorded incorrectly resulting in difficulty reconciling the inter-company balances.
The reconciliation of bank accounts is manual.
It takes much time to reconcile a bank account.
The finance department spends a lot of time preparing reports to get information to those that require it.
Data is being re-keyed from external applications.
Errors occur.
Costly development projects are required to develop integration from other appliances to the application.
It costs much.
Time is spent re-keying budget data from spreadsheets into the GL.
You cannot easily transfer information between the general ledger and Excel for creating and updating budgets.
You do not have a mechanism for creating base line or blank budgets utilizing the information within the general ledger.
You are not able to link back or drill down from Excel to see more detail on the GL account.
It takes increasing time to research balances and transactions.
It takes much time to take to create and customize reports to share information with others.