Implementing a new finance system can feel like a daunting prospect for many organisations. But, when you invest in the right software and choose the right finance system provider, the implementation of your new system can be a seamless transition. Find out how to successfully implement a new finance system.
We are facing now, more than ever, the genuine need to digitally transform our organisations. While there are many elements to digital transformation, modern cloud-based finance systems have a huge part to play in enabling both the finance team and wider organisation to work better remotely.
A budget is effectively the quantification of an organisation’s strategy and is used as a tool to drive behaviour, steering the organisation towards its long-term goals. That’s the theory anyway. In practice, despite the vast amount of time and effort that goes into the creation of a budget, its output is seldom followed. Using a modern finance system is the first step to success, but knowing how to harness its true potential is essentially how to keep your organisation on budget.
Adapting to working from home can be challenging. Without the stimulus of an office environment where people are driven by deadlines and rely on schedules, keeping your team engaged and productive requires planning and thinking ahead. Carrying on the same, especially during an uncertain period, just won’t work. But in this article, we share useful tips to keep finance teams productive while working from home.
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Automation does not remove humans from the process – it empowers them. To automate your finance department is to let the machines carry out the tedious and repetitive work. With less time allocated to manual processes, your finance team can focus on the activities that matter most to your organisation, driving the productivity to meet your business objectives.