- 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.
