Accounting

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Maximizing Accounting Efficiency: Strategies for Success

Efficiency is a dynamic concept, varying across businesses and departments. In the realm of accounting, where accuracy and adherence to deadlines are requirements, focusing on time management, technology, and work-life balance are three important strategies for success. Even if you define efficiency differently from your peers, improving one or all of these areas can lead […]

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5 Questions to See If Your Company Can Benefit from an ERP Financial Management System

An ERP financial management system can be a great asset to a small or mid-sized business. If you’ve outgrown a typical accounting program, it may be time to consider an ERP. ERP systems combine data from multiple sources into one visible dashboard, ensuring 360-degree visibility and data transparency. They eliminate data silos and, if a

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Digitize Documents, Go Paperless, and Improve Financial Reporting Accuracy

Financial reporting accuracy is critical to maintaining transparency and trust, whether for nonprofit organizations explaining their spending to donors or for-profit companies ensuring their accounts are accurate. In this article, we explore the challenges associated with traditional audits and the benefits of adopting digital solutions like ALTEC DocLink for a streamlined audit process. We’ll also

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How Accounting ERP Offers Financial Insights to Non-Finance Professionals

We all love things that make our lives easier. The same goes for non-financial professionals: the operations, sales, marketing, and other teams in your company who do not normally work with the company’s accounting and financial data. They need to understand it, of course, and certainly use it, but working through debits, credits, balance sheets

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Cloud Accounting ERP Software Ensures Easy, Rapid Updates

Accounting ERP software may be on-premises (“on-prem”), cloud-based, or a hybrid combination of the two. On-prem software requires investment in hardware and support personnel to update and maintain the system. It also limits accessibility. Cloud accounting ERP software, on the other hand, requires no heavy investment in hardware or support teams, and it is easily

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3 Signs It’s Time to Upgrade to an Accounting ERP System

Is it time to upgrade from off-the-shelf accounting software to an accounting ERP system? Many small businesses use accounting software to handle their daily accounting needs. Some companies, however, may outgrow their software. If you’re using QuickBooks, Freshbooks, or another accounting software or you’re still using spreadsheets, there are three signs that you need an

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Digital Transformation: Steps to Transition to Cloud Accounting

Cloud accounting is rapidly becoming the de facto method of choice for many companies. Gartner Research indicates that 85% of companies expect to have a cloud-first strategy by 2025. But shifting your business systems, including accounting, to the cloud can seem daunting. Many companies question whether they have the right people, skills, and technology in

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CRM and Accounting Software Enable Better Sales and Finance Collaboration

The right CRM and accounting software can help sales and finance collaborate more easily on projects. Often, it seems as if sales and finance are at loggerheads with one another—sales, the “we need more leads, so let’s spend money on campaigns” team and finance, the naysayers quick to say there’s no budget for such campaigns.

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Use ERP Accounting Software for Great Visibility and Bottom-Line Support

ERP accounting software provides excellent visibility into every aspect of your company’s finances. With the right ERP software, your company can streamline and automate many manual processes, track costs and profits, improve productivity, and improve internal controls. Here’s how the right ERP accounting software will improve your company’s productivity—and bottom line. What Is ERP Accounting

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