How Automated Cloud Financial Software Supports Growing Businesses

When growth is the name of the game, your next move isn’t always “increase headcount.” With today’s cloud-based financial software systems, technology steps in to create pivotal process efficiencies and boost the productivity of the team you already have in place. Automation is key. It helps you make the most of your existing resources so you can invest more strategically than you ever thought possible.

Automating: It’s A Process

In your earliest business stage, your workflows probably required more busy-work and a lot more paper, from spreadsheets to invoices and checks. You graduated to desktop software, which allowed you to store, process, and retrieve your data with greater efficiency and savings. But now, since your needs have (once again) outgrown your system’s capabilities, you feel like you’re actually slowing down—wasting time and money with manual workarounds, long closing cycles, and unreliable reporting processes.

The answer is full automation: taking “manual” out of your vocabulary and focusing on streamlining. This is essential for speed, agility, cost-savings and growth. The more transactions you can put in the background, the more systems and data you can integrate, and the more reports you can run at the push of a button, the better. And this is exactly what cloud-based financial software brings to your business.

Intacct: Built For Today’s Digital Economy

Let’s take a closer look at how Intacct’s cloud-based financial software empowers your growth through automation. Their core financials are completely configurable to work the way you and your team works—and to automate your most important processes. The core financial include:

General ledger
Accounts payable
Purchasing
Order management
Accounts receivable
Cash management
Reporting and dashboards
And more

Then, when your business is ready to embrace even more automation—perhaps you’ve expanded geographically and have added entities (and complexities!)—Intacct has additional software modules you can easily “plug in” to your system:

Multi-entity management and global consolidations
Project accounting
Time and expense management
Contract revenue management
Contract and subscription billing
Sales and use tax
Check delivery service
Inventory management

The result? By automating with Intacct’s financial software, you’ll have more control over your financials, which leads to enhanced compliance and auditability. And you won’t need to hire new employees because the capabilities you introduce via software are automated—they run behind the scenes, according to your specifications—leaving your staff more time to focus on more strategic projects that keep your entire team aligned with company goals.

The Value in Automation

“High-touch” might describe the customer service delivered by your sales and marketing teams, but for finance and accounting, “hands-off” usually yields faster, more accurate results. Since automation enables you to take menial—and usually manual—tasks off of workers’ desks and replace them with income-generating activities, your dollars go much farther, in far less time.