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There are plenty of finance systems out there which are great for small businesses. They are simple, easy to use, and are often available for free or for bargain-basement prices. But, as organisations grow, requirements change. We take a closer look at the seven signs you’ve outgrown your finance system so that you can identify the warning signals early on.

Complex company structures are a headache for finance departments. While from an operational perspective, we want to gain efficiency by creating synergy, removing silos, and eliminating duplication of effort. From a finance system perspective, maintaining separate, discreet databases for each statutory entity does little to facilitate this effort. The best way to overcome these issues to opt for a finance system that can achieve a live consolidation and this article will explain why.

Finance departments now choose to adopt cloud finance systems over traditional on-premise solutions in the leap to digitally transform organisations. But with variations of cloud on the market – such as private cloud and hybrid cloud – identifying why ‘true cloud’ will add the most value to your organisation early in the selection process can save a lot of headache down the line.