- 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.
- It costs much.
