Part three of a three blog series on how to close your books faster.
How To Close Your Books Faster — Close your books efficiently in 3-5 days; not 3-5 weeks
When we ask companies how long it takes them to close their books each month, we usually get similar answers: three to five weeks. When we ask them WHY it takes so long, the answer is also usually the same: because it just does.
Improved Efficiency and Productivity
Establish efficient processes and gain transparency into your business operations. Utilize flexible workflow tools and stay compliant with revenue recognition and other standards. Oracle | NetSuite improves financial operations efficiency and productivity by delivering:
- A single, integrated system to handle all core processes for all users.
- End-to-end visibility into your receivables and payables.
- Integrated budgeting and forecasting tools to manage financial projections against actuals.
- Effective compliance with various accounting standards, practices and regulations.
Oracle | NetSuite from InnoVergent offers the functionality your organization needs to improve efficiencies, reduce costs and get more done by eliminating time-consuming, error-prone manual processes and point solutions, and by automating and streamlining day-to-day accounting and financial operations.
The Benefits of True-Cloud Software
Everybody using the software is using the same, latest version — Product upgrades are fast, regular and at no additional cost. There are no compatibility issues nor hidden fees.
You can trust the cloud — The state-of-the-art security and technical resources provided by cloud data centers are at a level no single company can afford.
You don’t have to download any software to your computer — Gone are the days of tedious, problematic and time-consuming software upgrades that often came with significant service fees from on-premise software vendors.
Get access anywhere at any time on any device — Because the software is accessed via the internet, you can work 24/7/365.
Get a 360° view of your business — true-cloud solutions can be easily integrated with other systems, whether those systems are cloud based or not.
Low TCO (total cost of ownership) — the multi-tenancy approach shares the common aspects of the software while only costing you for any additions necessary and specific to your needs.
You can still make a true-cloud system your own — the flexibility to service your own application allows you to manage, maintain and configure it immediately.
