The Value of a True Cloud ERP Platform
NetSuite Perspectives
Today, cloud computing enables companies to adapt to changing business models, both strategically and operationally.
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Today, cloud computing enables companies to adapt to changing business models, both strategically and operationally.
The standard accounting processes most organisations employ are based on practices developed hundreds of years ago, before the Industrial Revolution, when the only tools that existed for balancing a merchant’s accounts were a quill pen and paper ledger.
When revenues exceed expenses, you’re profitable. Sounds simple enough, but as any business leader knows, the current economy has many finance pros carefully watching their financials to see if revenues really are exceeding expenses.
Delivering organisational visibility, mission- critical data on a single platform and supporting collaboration across remote workforces, cloud-based software helps companies make quick decisions in today’s unpredictable business environment.
This decade has already introduced a whole host of fresh challenges for CFOs. How CFOs anticipate, react and respond will dictate not only their success, but that of their organisation as well.
As small business applications such as Xero, MYOB and QuickBooks have grown in feature sets and capabilities, it has become more difficult to tell the difference between accounting and ERP (Enterprise Resource Planning) software.
These days, identifying and planning which factors are key to long-term success can be tricky. Withthe right approach, however, CFOs can ensure their business is prepared for the future andequipped to manage almost any obstacles along the way.
CFOs have never worked harder. In response to COVID-19, they’ve steered their organisations through the most difficult conditions businesses have likely ever faced by pulling financial and operational levers they never thought they’d have to pull, including ones they didn’t even know were there.