Financial services firms are intently focused on the challenges of competing in fast-changing, competitive markets. At these firms, finance executives and managers are expected to play a pivotal role by supplying visibility into financial performance and helping to shape strategic direction. Yet many finance executives are bogged down by inefficient legacy financial management systems that lack flexibility and provide limited insight into the business. Labor-intensive manual processes and data silos are undercutting the ability of finance executives to innovate, help drive growth and achieve business objectives.
More and more software vendors are moving their traditionally installed products online, and more and more organizations are moving their files and other data to the Cloud. But at the same time, we are bombarded by news stories about hackers, security breaches, and spying. How do you reconcile these two truths? You can find a lot of strong opinions on the matter, but don’t make up your mind until you consider the pros and cons.
As fast-growing companies achieve greater market penetration, gain more customers and their organization grows, they often run in to a wall where internal processes struggle to keep up with continued demand. This white paper covers the types of inefficiencies caused by running disparate business solutions and systems for different departments and how a software platform that unifies critical business processes helps companies grow more rapidly and profitably.