Ready, Set, Expand Your Company

In the current marketplace, a company must maintain its competitive edge by thinking strategically and tactically. As a critical tool, Enterprise Resource Planning (ERP) enables your organization to sharpen that competitive edge through the integration of business processes and the optimization of valuable resources. While ERP systems utilize various modules, the financial interface, whether fully integrated or best of breed, will provide your business with accurate, regulatory compliant data in real time that allows you to control spending, capture growth opportunities and streamline your financial operations.

Integration over Segmentation

The crucial basis for ERP centers on the value of the whole being greater than the parts combined. Conventional programs perform specific functions that result in your organization operating with separate department applications. In some situations, you may manually cull data from individual sources and use the information to gain an overview of your business. This type of patchwork method promotes inefficiency. For example, you may utilize one program to manage vendor or customer information, and another for accounting, and each program will contain redundancies and not work together. An ERP system takes these stand-alone functions and inter-links them producing far more accurate data from which to make business decisions. Nowhere is this more important than with the financial information. 

Ensure Financial Regulatory Compliance

ERP systems actuate the real-time flow of financial information in an organization with a general ledger interface between payroll, accounts payable, procurement and more. This facilitates more efficient monitoring and recording of transactions and ensures consistency if tracking back general ledger source data. If you've already invested in an accounting system, best of breed ERP software such as Exact MAX will interface easily with Intuit QuickBooks and Microsoft Dynamics GP, so you can keep your current financial application that's already working for your company and benefit from the full spectrum of functionality and capabilities that both systems offer, without settling for a lesser solution in one area.

Moreover, an ERP application will further your organization’s success and expansion by optimizing resources and managing spending. An ERP system will:

• Promote growth while ensuring regulatory compliance.
• Deliver real-time data on overall company performance.
• Automate and streamline financial operations while complying with regulatory reporting requirements.
• Integrate accounting and financial processes from multiple applications into one accurate version of the company’s financial health.
• Maximize profitability by producing real-time data on cost of goods sold (COGS).
• Accurately analyze customer and vendor trends quickly allowing you to identify and seize growth opportunities.
• Operate in multiple industries, geographies and languages in real-time.

Businesses that can produce regulatory compliant, real-time financial data accurately and efficiently gain a sharp advantage over the competition. You will gain the ability to take advantage of opportunities at once rather than having to pull data together first. The financial module of an ERP application, whether best of breed or fully integrated, will accelerate your financial reporting, thereby reducing the costs, risks and time involved in taking your business to the next level.