Finance people, we need to talk about your relationship with Excel. Excel is unbelievably versatile, it’s tried, tested, and true, and it gives finance teams the independence to operate without relying on IT, R&D, or system integrators. But Excel isn’t suited to be the primary way that finance teams manage complex finance operations and high volumes of transactions, and using it that way actually poses significant risks to your business. Our CEO Tal Kirschenbaum outlines 10 of those risks here: https://lnkd.in/dbkTHXmt When is your team planning on automating reconciliation?
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Anyone who has ever… → Waited 10 minutes for an Excel sheet to load → Exceeded Excel’s limits (spoiler alert: it’s 1,048,576 rows) → Had Excel crash when you have a reporting deadline looming … will probably agree that however much you may love Excel, it’s not a database. So why do so many finance professionals try to use it that way anyway? There are a number of reasons, but the main one: The alternatives haven’t been good enough until now. While other industries have enjoyed incredible innovations, finance teams have been stuck with the same clunky, legacy stems for decades that leave them overly reliant on engineering, IT, or system integrators. Finance leaders have been wary of any system that involves a slow and very high touch implementation process with long ramp-up times where they can’t demonstrate value quickly. They’d rather stick with Excel, which is tried and true, even when they know it’s not suited to manage millions of transactions and complex finance operations. But that’s finally beginning to change. There’s a new generation of finance tools that are agile, flexible, and easy-to-implement, which now means that automating processes like reconciliation, expense management, and cash management doesn’t need to be a big deal. What do you think? How do you foresee the future of Excel in finance?
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Streamline your finance operations with Power Automate to reduce errors, enhance reporting, and accelerate decision-making. Learn more: https://lnkd.in/g7qfPFJt #PowerAutomate #FinanceOperations
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By leveraging the built-in features of Dynamics 365 Finance, you can achieve substantial advantages, leading to more efficient and streamlined accounting and financial processes. ✅ Ensure complete transparency over running costs, receivables, and liabilities plus budgets, forecasts, and cash flow ✅ Maintain legal entity’s bank accounts and financial instruments ✅ Support compliance with statutory provisions and expansion into other areas ✅ Adjust to changing global financial requirements
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Data is crucial, but manual entry can hinder your efficiency. FORVIS explains how Data Exchange Definitions in #BusinessCentral can streamline data exchange and help enhance your accounting workflows.
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Data is crucial, but manual entry can hinder your efficiency. FORVIS explains how Data Exchange Definitions in #BusinessCentral can streamline data exchange and help enhance your accounting workflows.
How to Set Up Data Exchange Definitions in Business Central
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Data is crucial, but manual entry can hinder your efficiency. FORVIS explains how Data Exchange Definitions in #BusinessCentral can streamline data exchange and help enhance your accounting workflows.
How to Set Up Data Exchange Definitions in Business Central
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Data is crucial, but manual entry can hinder your efficiency. FORVIS explains how Data Exchange Definitions in #BusinessCentral can streamline data exchange and help enhance your accounting workflows.
How to Set Up Data Exchange Definitions in Business Central
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💰 Automation in Finance: Reducing Errors and Saving Time In the fast-paced world of finance, accuracy and efficiency are non-negotiable. That’s where automation comes in — a powerful tool to streamline processes, minimize human error, and free up valuable time for strategic decision-making. From automated invoicing to real-time expense tracking, automation transforms financial management, allowing businesses to focus on growth instead of paperwork. 💡 Want to learn how automation can revolutionize your finance operations? 📖 Check out our latest blog to explore: ✔️ Key areas where automation reduces financial errors ✔️ Time-saving benefits of automated financial workflows ✔️ Success stories of businesses leveraging automation in finance 👉 Read the full blog from this link and discover how automation can bring precision and efficiency to your financial management! 👉 https://lnkd.in/e5z82avv #FinanceAutomation #BusinessEfficiency #TechInFinance #ErrorReduction #TimeSavings
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Overwhelmed by the vast selection of finance automation tools in today's marketplace? Arm yourself with the information you need to choose the right solution to automate and transform your finance function.
How to get from finance automation to finance transformation
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For decades, spreadsheets have been finance's go-to application for various tasks such as budget creation, financial analysis, and asset recording. However, as business data expands and financial complexities increase, sticking to spreadsheets can lead to hidden costs. Moving to a finance system can be daunting for organizations, but it is essential as spreadsheets have functional limitations when dealing with large datasets and intricate financial challenges. At Humony, we understand the challenges of transitioning from spreadsheets to a finance system. Our team works closely with clients to ensure a smooth and effortless shift, eliminating the pain points associated with the process. Let us help you navigate this transition seamlessly and unlock the full potential of your financial operations. #Finance #DataAnalysis #BusinessSolutions #netsuite #erpnetsuite
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