QuickBooks is one of the most popular General Ledger (G/L) systems for the small enterprise. However, as a company grows, it begins to experience the limitations of the application. At Carlson, our customers have cited the following issues they have faced as they’ve outgrown QuickBooks:
Carlson Thought Leadership in Finance & Technology
Does your accounting department have trouble with surprise expenses? Do these expenses arise at year end, when you have the least amount of time and budget to manage them? Most organizations that have approval processes in place for large purchases, including those that require Purchase Orders, encounter this perennial problem. Timing issues aside, perhaps there are several people approving Purchase Requests for the same budget center or maybe the manager is overwhelmed with such a high volume of requests that she or he cannot remember all of the[...]
Financial planning and analysis (FP&A) in the Life Sciences is exciting and fast-paced. Within a high growth organization, whether pharma, biotech or medical devices, it can be a particularly thrilling environment to broaden our finance skills. However, unless you have the proper systems and processes in place that scale with an upward business trajectory, you will quickly get bogged down in reactive mode, responding to requests and putting out fires.
This is the time of year I look forward to my beach vacation getaway. Walking along the shore, listening to the seagulls, and taking in the ocean breeze always bring about a sense of peace and tranquility. It’s a welcome and much-needed respite from the stresses of budgeting, planning and forecasting.
At the recent 2016 Adaptive Live user conference, I had the opportunity to present a session along with a panel of our customers about the benefits of making Adaptive Insights the central hub of decision-making. Many organizations fail to fully utilize the breadth of capability within Adaptive for making solid business decisions by limiting the scope of data from which they work. Part of the reason for this is the mindset among some finance professionals that they should be concerned only with financial data. Another reason is that importing data[...]