Do you dread month-end and quarter-end accounting periods? Who doesn’t? It’s peak time in accounting departments all over, stressing your people and often leading to spikes in overtime hours. Consider a new approach with continuous accounting, essentially redistributing the traditional month-end workload throughout the month. Tame the month-end chaos by reducing time and resource pressures, while gaining greater insight into your financial data.
Many accounting departments are replacing manual processes with more efficient automated ones. An integrated enterprise resource planning (ERP) solution, like
In addition to process automation, businesses are adding continuous accounting functionality to ERP. This approach further emphasizes automation within accounting tasks, such as reconciliations, transaction matching and real-time reporting. For example,
Improve Financial Processes and Reporting with ERP and ABR
This technology also improves financial reporting. As data is entered and reconciled quickly and accurately, leaders can rely on real-time data when sharing financial information with banks, shareholders or regulatory agencies; as well as when making data-driven decisions. Added financial insight provides an opportunity to improve other business processes, grow your business and establish loyalty with customers.
Tame month-end chaos by automating accounting tasks with a robust ERP solution and ABR. The time you save will lead to smoother month-end reporting activities and put less pressure on your staff. Contact Nolan Business Solutions for more information about strengthening accounting processes with ERP and ABR.
By Nolan Business Solutions,