Difficulty Maintaining Reporting Models and Accurate Data from GL
After your data has been entered in your GL, you need to manually map your GL structure to the one used in the Corporate reporting model. This takes too much time and there are errors. Once mapping is…
Read More »Difficulty Generating Financial Reports
You are not able to see financial data from prior years, or the way you do so is inefficient. Files are not archived, and if they are this takes too long. There are negative consequences if you cannot…
Read More »High Receivables
You do not set up credit limits for customers, or you manually set up credit limits. Customers often go beyond their limit. There is a negative impact – it has caused high receivables and bad debt write offs….
Read More »Inability to Practice Responsible and Resource Effective Financial Management
Inability to practice and demonstrate responsible financial management Challenges Difficult to ensure prudent and effective budget utilization. Ensuring operation within budget. Running over budget or exceeding appropriations and consequences. Tracking of budget status and any changes to it….
Read More »Late and Inaccurate Payments
Transactions are being entered manually in each company. Inter-company transactions are being re-keyed into multiple company databases, and there are errors. Transactions do not get recorded in all companies. They get recorded incorrectly, resulting in difficulty reconciling the…
Read More »Difficulty Sharing Financial Information (Internally and Externally)
You currently are not able to create reports with presentation quality, or the way you are doing that is inefficient. You either have to go to IT, which is time-consuming, or re-key data into another application, which must…
Read More »Time and Cost to Manage and Reconcile Invoices and Payments
You spend a lot of time managing low dollar invoices. Unknown what % of your transactions are under $2,500. Unknown what % is that of your total dollars spent. For those small purchases. Unknown time spent on Invoicing….
Read More »Inaccurate Receivables
Your process of entering in a sales document with a payment schedule is manual. You currently have to enter a sales invoice with a payment schedule as multiple invoices. There are errors made in entering these multiple invoices,…
Read More »Compliance Issues
You have to do compliance reporting, OSHA 300/301, VETS 100, and COBRA Notification Letters. Your method of tracking this is inefficient. It is difficult to produce required information upon request, and you need to generate different kinds of…
Read More »Difficulty Being Productive and Effective
You constantly need to call IT or someone from the back office to get information. Unknown process for submitting these requests. It takes you long to get it. You do not have access to the information yourself. It…
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