Implementing a new financial system can greatly improve a company’s ability to efficiently and timely close the books, create accurate financials and provide management with meaningful information to run the business.
It is not always clear if a new system is needed. If a new system is needed, how do you select the right one from a myriad of possibilities? Before a system decision is made there are many things to consider. It is essential to understand both current business processes and the potential impact of strategies and changes in the business environment. Additionally, the functionality of the current system must be understood.