Outdated financial software can compromise much more than the accuracy of your financial reporting. Many businesses today are evolving faster than their financial software – a situation that can have serious consequences for the entire enterprise. Although the impact of aging financial technology can be slow to emerge, the challenges only increase over time.
The pain is usually first felt by those responsible for reporting, as they have to work harder and harder to provide timely, accurate information. The costs and resource requirements also become eye-catching, as aging systems become more expensive to support.
This short brief summarises four ways to future-proof your financial systems.
Content taken from www.accountancyageinsight.com