Every new client, transaction, or additional employee adds to the amount of financial data that you have to collect, analyze, and translate into business decisions. In many cases, these tasks are distributed across your organization, and may require employees around the globe to contribute to the process. Do you feel like you’re spending more time collecting and organizing data than actually analyzing and using it? If so, workflow, collaboration, and automation could do wonders both for your business and your schedule.
All of your financial processes – budgeting, reporting, consolidation, and more – are dependent on data, making it the foundation for all of your important decisions. But, there are a number of problems you can run into when it comes to data collection. Manual processes are prone to error and time consuming. It’s difficult to be sure that data gathered manually is still accurate and relevant.
Using CFOs CLOUD’s Workflow Manager, you can easily assign tasks to users and facilitate approvals across your business.
Automate repetitive business processes such as data imports, allocations, consolidation, and currency conversion for a less tedious.
Reduce data duplication with a single, unified database to store supporting details that help to explain budgets or justify expenditures.
CFOs CLOUD’s workflow functionality provides a full audit trail, tracking all activities of the software’s users. You’ll never lose track of different versions of a single project.
Automating your processes and cutting down on errors ensures you’re ready for an audit. Improve service quality and reduce the cost of compliance audits by ensuring that the system adheres to applicable standards and policies.
You likely use data from multiple sources like ERP, personnel, and accounting solutions. With us, you can easily integrate data from multiple source systems and ensure the data you’re using is current.
CFOs CLOUD’s Import Data Wizard features a simple interface, which any business user can master without relying on IT assistance. The interface is consistent whether you are connecting to an on-premise or cloud data source.
CFOs CLOUD empowers you to master the management of organizational structures, charts of accounts, hierarchies, and more. These models draw from a centralized database, ensuring that all decisions made within the company are based on a single source of data, eliminating data duplication.