by Salaad Nur
As a senior consultant for a provider of financial software and ERP solutions, I am often asked to look at a company’s financial process in order to determine the source of problems they are experiencing. Although the company may be observing what seems to be separate challenges, these often stem from one basic truth. Quite simply, the company is using an outgrown financial software.
These are generally young companies who are enjoying growth. However, we also see many companies who have been living with their “pains” for a very long time, perhaps even for years. In fact, during one of our recent seminars one attendee admitted his company outgrew its financial solution approximately 20 years ago.
To save you from suffering the same fate, I offer these five ways you are losing money by using an outgrown financial software. [Read more...]