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Olena Taymanova February 8, 2023 3 min read

7 reasons why digitalizing your finance processes matters

Finance is more than just basic accounting. In today's fast-paced and highly competitive business world, having a well-functioning financial system is crucial for success. Whether you're starting out or have an established enterprise, your financial data should exist in one unified solution. If you're finding yourself lost in a labyrinth of excel sheets or the growing complexities of your business are outpacing your software capabilities, then it's time to take action now! 

 

How the RamBase Finance module takes your business to the next level  

 

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1. Integrated throughout your entire business

Gone are the days of manual bookkeeping and spreadsheets. Modern businesses require a comprehensive, integrated solution to manage their finance operations. Having a system that integrates seamlessly with other departments, such as sales, procurement, and supply chain management, is no longer a luxury but a necessity. In RamBase, the Finance Module works more as control mechanism rather than a traditional bookkeeping role, as the majority of entries to the journal are handled in the associated departments. As a result, you gain access to real-time information that accurately aligns with your company's daily activities.

 

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2. Protect your business against fraud

One of the key benefits of the RamBase Finance module is the ability to monitor and display transactions in real-time. This allows your business to detect and prevent fraud quickly and take corrective action when necessary. By having a comprehensive view of financial transactions, organizations can identify anomalies and red flags that may indicate fraudulent activity. 

 

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3. Wealth of information

Keep track of your business performance and track essential figures such as cash flow, income and expenses, and financial ratios. By leverage the module's reporting capabilities you gain a better understanding of the real costs of business so you can make informed decisions and identify areas of improvement based on accurate and reliable financial data.  

 

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4. Increased efficiency

By automating time-consuming tasks such as data entry, invoicing, filtering, and payment processing, you can significantly increase efficiency and free up time for more strategic functions so you can focus on growth. 

 

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5. Enhanced collaborations

Using a centralized platform for your financial data improves communication and collaboration between different departments, helping to eliminate silos and promote a more integrated approach to financial management. These features help to streamline processes, improve accountability, and sure that everyone is working towards the same goal.  

 

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6. Better compliance

With the increasing complexities of financial regulations and laws, it is more important than ever for businesses to stay compliant. RamBase Finance helps businesses stay up-to-date with regulations and ensure they are meeting all compliance regulations.

 

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7. Enhanced reporting

RamBase customized dashboards can be tailored to display the metrics that matter most to your business. This allows you to focus on the most relevant KPIs for your business. Data visualization displays your financial data in an easy-to-understand and visually appealing format, such as graphs, charts, or tables. 

 

 

It's time to break free from rigid systems

Legacy ERP's siloed, rigid, and hard-coded processes are preventing you from having today's operational must-haves. Maximize your organizational impact with RamBase Cloud ERP, a complete end-to-end business management software that enables you to effectively plan, anticipate, and shape your processes and daily operational needs.

Contact us if you're ready to learn how to navigate the modern business landscape and drive success through the use of a smart solution designed for your industry.

Are you already a user and want even more out of our system? Visit our extensions page to see all our integration possibilities!

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Olena Taymanova

Olena Taymanova is a passionate product marketing specialist with a talent for crafting compelling articles that explain the latest functionality of products. With a deep understanding of how products are developed and marketed, Ollie has a knack for simplifying complex concepts and making them accessible to a wide audience.

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