Did you know that companies exclusively using cloud accounting are acquiring five times more clients? Moreover, they received a remarkable 15 per cent higher Year-on-Year annual revenue growth compared to a 4 per cent increase in firms that do not utilise modern solutions [source].

Effective financial management plays a critical role in the success and long-term viability of organisations, regardless of their size or industry. The availability of advanced financial management software solutions has revolutionised the way businesses handle their financial operations, offering enhanced automation, real-time insights, and improved decision-making capabilities.

A reliable financial management system will empower your business with accurate and timely information in one place. It will help you make informed decisions, develop effective financial plans, and stay compliant with regulations.

In our previous blog post, we explored four strategies businesses should implement to avoid common mistakes in financial management software implementation. Today, we will uncover four additional strategies to help you and your business prepare effectively before embarking on your implementation journey.

Implementing a new financial management software system can be a game-changer for businesses, offering increased productivity, streamlined processes, and enhanced data accuracy and security. However, the road to successful implementation is not without its challenges and, if managed poorly, an implementation project may do more harm than good.

In today's fast-paced business environment, time is money. Companies that spend valuable resources on manually managing their own financial management and accounting software are at a disadvantage compared to those that have adopted SaaS-based software.

In recent years, we have seen a whirlwind of unexpected changes, such as the fluctuation of cryptocurrency, the implementation of GDPR, the Brexit saga, and the China-US trade war. Adding to this, the recent pandemic has led to a global recession, making the world more volatile, uncertain, complex, and ambiguous than ever before.

Infor SunSystems Cloud is a financial management software developed to enable organisations, regardless of their sizes and industries, to streamline and automate their financial operations, including accounting, budgeting, and reporting.

Effective end-user training is crucial for the successful implementation of SunSystems, a powerful financial management system used by organisations of all sizes. While the software offers powerful features for managing financial operations, the system’s full potential can only be realised when users are equipped to navigate it efficiently.