Stepping up from QuickBooks: Multi-Entity Organizations

In today’s unpredictable business climate, companies are under greater pressure than ever to make smarter decisions, do more with less, and achieve better operating margins. That’s making accounting and financial management more challenging in countless ways. First, a renewed emphasis on competitiveness means companies produce greater amounts of data and that only fuels a greater appetite for reports, analyses, and information–in shorter timeframes than ever. Investors, board members, senior executives, and other stakeholders want to know right away whether their business strategies are working and what needs adjustment. From an operations perspective, you need to integrate front- and back-office systems and automate core processes. And, in many cases with multiple entities and locations, you even have distributed work teams. How will you handle payables across multiple locations or consolidate the books quickly each month—without cumbersome spreadsheets? It comes down to a robust financial system that has the power and sophistication to adapt to your growing business.