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Finance automation tools have come a long way from the basic calculator. Now, finance teams rely on automation in finance and accounting to significantly streamline aspects of their work that once required hours of manual labor. These revolutionary tools transform finance functions, helping teams add immense strategic value to their organizations.
But what exactly are these changes, and how do they translate to improved performance and satisfaction?
In the modern financial landscape, intelligence is power. With the help of business intelligence (BI) tools, finance teams get an unparalleled advantage. Daily, an immense flow of data presents both a challenge and an opportunity. Navigating this digital expanse requires precision tools that harvest and structure data and give real-time insights. Xledger stands at the forefront of this arena, offering BI solutions that transform data into actionable knowledge.
Employing finance reporting automation strategies is more than just a value move. In today’s business climate, it’s a necessity, one that can give your organization a competitive edge.
So, we pooled our best resources and came up with the best five finance reporting automation strategies to help CFOs slash their financial reporting time in half.
Since 1993, small and medium-sized companies (SMBs) have used the Microsoft Dynamics GP (short for Great Plains) ERP solution in various industries as an accounting software package. The latter includes professional services, manufacturing, distribution, software and tech, eCommerce, retail commerce, construction, financial services, education, government – you name it.
It’s Friday afternoon, and you’re ready to leave the office. But a pending invoice issue can’t wait until next week. You call the supplier and spend the next 30 minutes reasoning with an automated phone system to reach the right department. After a long wait, you finally get through to a real person.
The problem?
You’ve confused the accounts payable with the accounts receivable department—again.