Inter-company transactions must be entered manually in each company.
Transactions are re-keyed into multiple databases.
There are errors.
Transactions do not get recorded in all companies.
They get recorded incorrectly resulting in difficulty reconciling the inter-company balances.
Time is spent re-keying budget data from spreadsheets into the GL so budget vs. actual analysis can be performed.
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 their general ledger.
You are unable to link back or drill down from Excel to see more detail on the GL account.
You are overspending and not realizing the true cash position.
You are unable to perform ‘what-if’ scenarios.
Unknown how to re-key information onto spreadsheets to perform ‘what-if’ cash scenarios.
It is cumbersome and error prone.
It is difficult to update when underlying data changes.
Cash flow is viewed as a report and there are little or no drill down capabilities.
Users are required to manually search for transactions included on a cash flow report.
Much time is spent researching transactions.
You are unable to see both posted and un-posted transactions.
Reports are cumbersome and error prone.
They are difficult to update when underlying data changes.
You are missing out on potential investment opportunity because of not seeing full cash flow picture.
Your accounting staff has to re-key information for fixed assets acquired via a purchase order or vendor invoice.
They forget to create new assets records and therefore miss out of tax deductions due to misplaced assets.
There is a risk of potential theft if the company has no record of the asset and therefore they might not miss it.