5 Reasons Accountants Should Invest In Integrated Software
Within the accounting practice, siloed software creates “islands” of knowledge that can contain duplicate, redundant information and result in process inefficiencies and integration challenges. With integrated software, however, these problems are eliminated. An article by Oracle outlines how:
Improved visibility: Real-time visibility is important in making timely, informed decisions. When information can be accessed instantly from almost anywhere, employees are better informed and are empowered to make fast and accurate decisions.
IT time and cost savings: IT will no longer need to obtain, install, and maintain multiple systems. With this, there is a significant reduction in operational costs and IT can spend time improving the business operations.
User-driven innovation: Since process changes can be implemented quickly across one system, users are able to tailor processes and applications in a way that improves performance.
In addition to the above reasons, a similar blog, Why Integrated Software Is Better, discusses two more advantages:
Bring data sources together: A unified database that is managed through a single application can more efficiently provide new insights. Reporting and analysis also takes into account all the relevant information available in the system, resulting in powerful reports and insightful analytics that generate fact-based decision making.
Eliminate multiple dependencies: Integrated software solutions provide an end-to-end view of a business and its workflows, as well as stabilize the backend environment. Bringing software dependencies together eliminates any issues with data synchronization, data compatibility, data duplication, and the dependence on multiple hardware and software solutions. The result? Businesses streamline software investments and overall performance.
Where we specialize...
At Caseware, our products have been built with seamless integration in mind. As a result, accounting firms have been able to:
- Create and capture value by increasing productivity and streamlining workflows
- Better manage and utilize large amounts of data
- Shift the role of the accounting professional from tactical to strategic
Interested in learning how? Watch the recording of our webinar, Caseware Tech Talk: Embracing the Technologies At Your Fingertips.