Everything in the natural world functions in concert with everything else. When someone does something that disrupts that cohesion, they are said to have "upset the balance of nature". The same could be said for enterprise software. When all of the different parts function cohesively, the business excels and is not concerned with its inner workings. When some of those parts fail to meet expectations, however, it can disrupt the balance within the entire business, from marketing to reporting.
According to , 69% of best-in-class companies use integrated business applications. They combine reports from various sources onto a single platform, and they share data across applications seamlessly and transparently. They also have processes that flow across different applications without the need to switch between them or make modifications.
Best-in-class companies also give their employees the ability to drill down to transaction-level data and aid in the audit process. They also automate the financial consolidation process even across separate entities. Employees of best-in-class companies can also access and tailor their support to fit departmental or organization-wide needs. They are able to customize their ERP solution to adapt to changes in their businesses.
The overall results are clear. The most successful companies use that can handle accounting and reporting across their organizations, even if they function as multiple entities. Their operations are more seamless and efficient. The best-in-class know that integrating accounting systems saves time and money.
If you need assistance integrating your systems, !
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