Cloud ERP is the Optimal Solution for Implementing Modern Finance

As businesses grow it’s inevitable that their needs change. This applies across many areas of operation, but in particular the back office systems that are needed for a start-up are often quite different from those of a larger organisation.This is especially true when it comes to finance. Often this is seen as separate from the […]

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Financial Accounting Systems Usage and Trends 2015: Annual Review

Although the world-wide ERP financial accounting market is still dominated by large on-premise vendors, the trend towards the cloud continues. According to IDC the demand for SaaS enterprise applications now exceeds those of on-premise applications by a factor of five. Clients are attracted to SaaS because it is cheaper, easier to implement and more flexible […]

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3 Financial and Accounting Features Your ERP System Can Benefit From

There is a growing need for fast and accurate accounting systems to help companies adapt to ongoing changes in the business environment. Despite this, many organisations still use outdated financial and ERP solutions that don’t provide acceptable management tools to enable management teams to maximise business opportunities. Although most financial packages provide tools that give […]

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The Different Types of Accounting Software

Accounting software is needed by anyone who operates a business. This includes small home-based businesses, SMEs, and large organisations. While the solutions chosen may differ, the same accounting principles apply. These include the need to formally record and account for income and expenditure and to use that information to manage the business. A wide variety […]

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Finance and Accounting Management Systems for SMEs

In the UK, small and medium sized (SMEs) businesses account for a significant percentage of private sector turnover. According to National Statistics, these businesses employ well over 90 per cent of private sector employees and generate 47 per cent of total private sector turnover. Significantly, most of these businesses employ less than 50 employees each […]

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Top 5 Advantages of Using ERP Orientated Accounting Software

Accounting software has traditionally been a standalone function that relies heavily on manual input of appropriate information. It is rarely integrated with other software, except for accounts receivable and accounts payable functions. Other functions would include a general ledger, asset register and possibly purchase and sales order records. While the software is capable of performing […]

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CFOs: Attentiveness to Accounting Is Crucial

The preparation of corporate accounts requires skill and dedication, yet it’s all too easy for undetected errors to slip through the cracks leading to embarrassing revelations and the need to restate accounts. Although there may be many reasons why slip-ups occur, a common theme is the reliance on manual systems that bring with them the […]

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ERP and Accounting Software Differences: What You Need To Know

Now that the term ERP has become so common, there’s a temptation to equate ERP with accounting systems and lose sight of the many differences that exist. Although ERP includes accounting, this is just one element of ERP that encompasses virtually all the front to back office processes in a business. Another aspect worth noting […]

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Financial Reporting in the Cloud: What you need to know

An interesting piece of information is that, in this day when companies have invested heavily in financial management software, the majority of companies still use manual reconciliation methods to finalise their financial reports. It appears the main reasons lie in financial systems that are fragmented and unable to cope with increasingly complex regulatory requirements. As […]

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Financials and Accounting with NetSuite

Effective accounting is key to successful business management, and senior managers need the right information at the correct time. This is not always easy to achieve, and month-end procedures often take several days as accountants reconcile information relating to income and expenditure. The process becomes more complicated when a company has many operations and branches […]

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