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Financial Services: 3 Essential Guides for Upgrading Your Accounting Software

- Sunday, June 23, 2019

Has Your Financial Services Organization Outgrown Your Accounting Software?

If you want to consolidate hundreds of entities with the click of a mouse, automate inter-company transactions, and monitor it all in real-time on custom dashboards without extra software or IT support, then it may be time to leave QuickBooks, Dynamics GP and the spreadsheets behind.

But, considering the dozens of systems out there, what accounting software should you choose? What works best for financial services organizations?

Below are three guides that will help you identify the right accounting software for you and justify the migration to your executive team and board.

5 Signs Your Accounting System is Failing You in Financial Services

Has your accounting software become a barrier to your growth and efficiency? It's common to find that the accounting software system has not been updated, upgraded or even touched in years. An outdated—perhaps even unsupported—software platform can translate into unreliability, downtime problems and even security vulnerabilities.

In this whitepaper, you will discover five signs that your accounting systems is failing your organization. Here are just a few of them:

  1. You're on an Old Accounting System Release
  2. You're Held Back by Disconnected Systems and Processes
  3. You Can't Keep up with Business Expansion


Next Generation Financial Consolidations for Financial Services

Consolidations have been a routine part of accounting departments for as long as most can remember. What has changed over time is the complexity and compressed timelines of consolidations.

The traditional approach to consolidation, still used by many companies today, includes a blend of human capital, manual processes, and different technologies to bring data and information together to form the basis for consolidation. This multi-stage consolidation process is time consuming and error-prone, no matter how well organized, communicated, or executed the process becomes.

A better way comes from leveraging leading cloud financial management systems. The characteristics of this type of configuration include four critical differences:

  1. A Scalable Accounting Foundation Enables Automation
  2. Supporting Faster Growth
  3. Managing the Consolidation Process
  4. Better Insight

Learn how these differences in a cloud accounting solution compare to a legacy or outdated accounting system.


Driving Performance in the Family Office: 3 New Approaches for the Data Driven CFO

Decision-making processes have relied on fact-based, data-driven management information. In this whitepaper, learn how family offices are transitioning from a periodic, ad-hoc reporting paradigm to real-time reporting.

An Aberdeen study found that 64% of family office business managers have seen their decision-making time shrink over the last year. In another study, Aberdeen found that 28% of those business managers said they needed data to make decisions within an hour of a business event; another 42% needed information within a day. That doesn’t provide much time for finance to supplement the decision-making process with supporting analysis.

In our white paper, CFOs will discover three new approaches to increase efficiency, accuracy and data clarity within their single or multi-family office.


2019 Accounting Software & Financial Management Buyer's Guide

2019 Accounting Software & Financial Management Buyer's Guide

Download the Guide