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Managing accounting systems can often feel like a constant juggling act. Whether you’re navigating system integrations, pursuing a seamless "single pane of glass" experience, managing practice operations or harnessing practice analytics for informed decision-making – quickly it becomes overwhelming. Not to mention the endless chances there are to fall short on data management, GDPR, duplication, errors, and missed opportunities due to a lack of a central hub.
What accountants need is a place to gain insight, collaborate, allow robotic process automation (RPA) to do some of the heavy lifting, and, in turn, create a better place to work with a healthier bottom line. This is where integrated accounting systems come into play.
A Unified System For All
While the concept of having one comprehensive system sounds ideal, practical implementation often falls short. The tool may be well-received by the department it was initially designed for, but other departments may resort to finding workarounds, or integration gaps may lead to a trade-off between efficiency and invested time.
Take a moment to ask the boots on the ground how good the tools they have are. But don't just ask them in passing; take the time to genuinely inquire about their experiences. Encourage them to think about the tasks they perform routinely and ask: "Could technology help in making these tasks more efficient or even automated?"
Getting best-of-breed tools doesn’t have to be a wish. With a good integrated accounting systems plan, any firm will be able to optimise and meet modern-day expectations.
Integrated accounting systems in conversation
Several excellent tools are emerging, and there are also established, reliable products with a long market presence. Our goal is to facilitate communication among these tools, streamlining day-to-day operations within an accountancy firm and offering integrated solutions for accounting systems while reducing the need for manual intervention.
