Over the years, accounting has served as the primary platform in facilitating the financial processes for a business. An accountant’s day revolves around recording and analyzing transactions, dealing with payroll and taxes, mergers and acquisition, growth strategies and financial planning. Improvising the performance and effectiveness of the management reporting cycle, streamlining financial processes and achieving a real-time visibility across the organization are among the biggest challenges faced by the CFOs organizations. With the advent of several business intelligence software, CFOs and CIOs are now able to respond to financial problems, and help stakeholders in running high-yielding global businesses systematically.
Organizations are now adopting a variety of tactics to improve the efficiency of finance and accounting functions considering today’s competitive landscape. Their focus is on increasing the productivity and boosting the revenues. Through innovation and utilizing current technological trends like mobility and cloud in the accounting process, organizations can achieve economical and professional excellence, rapidly improving their business processes.
We have reviewed scores of firms primarily serving the accounting landscape, and shortlisted the ones that are at the forefront of tackling accounting challenges faced by businesses. In our selection process, we have looked at the vendors’ capability to fulfill the need for cost-effective and flexible accounting solutions that add value to the accounting landscape. The companies featured in this list provide a look offer a peak into their promising software, helping organizations to increase their profit.
We present to you CFO Tech Outlook’s Top 10 Accounting Solution Providers 2016.