FinanSysFinanSys
Contact Us
  • About
    • About FinanSys
    • Meet the Team
    • Who Trusts Us
    • Partners, Accreditations & Memberships
    • Careers
    • Privacy Policy
  • Solutions
    • Sunsystems Solutions
      • SunSystems Financials
      • SunSystems Cloud
      • Query & Analysis Reporting
      • Sharperlight Reporting
      • Process Automation for SunSystems
      • Bank Payments
      • Making Tax Digital
      • Finansys Cloud
      • Spindle Document Delivery
      • Infor d/EPM
    • Netsuite Solutions
      • Oracle NetSuite Business Management Solutions
      • Financial Management Software
      • Professional Services Automation
      • NetSuite eCommerce Solutions
      • Cloud-based Customer Relationship Management Solutions
  • Services
    • SunSystems Services
      • SunSystems Training
      • Professional Services
      • SunSystems Support
      • FinanSys Cloud Support
      • Integration – Infor Sunsystems
      • SunSystems Project Calendar Timeline
    • NetSuite Services
      • NetSuite Professional Services
      • NetSuite Support
      • Oracle NetSuite Integration
      • NetSuite Project Calendar Timeline
  • Enhancements
    • Overview
    • Purchasing
    • Sales
    • Financial Accounting
    • Reporting
    • Human Resources
    • Compliance
    • Optical Character Recognition
  • Sectors
    • Energy, Oil & Gas
    • Financial Services
    • Hospitality
    • Insurance
    • Not-for-Profits
    • Professional Services
    • Property Management
      • Housing Associations
    • Retail
    • Software & Technology
    • Wholesale Distribution
  • Resources
    • Case Studies
    • Brochures
      • FinanSys Brochures
      • SunSystems Brochures
      • NetSuite Brochures
    • Videos
      • SunSystems Videos
      • NetSuite Videos
      • Thinking about a new accounting system?
    • Webinars
    • News and Blog
    • SunSystems Training Manuals
    • Subscribe to our mailing list
    • FAQs
  • Customer Area
  • Contact
  • About
    • About FinanSys
    • Meet the Team
    • Who Trusts Us
    • Partners, Accreditations & Memberships
    • Careers
    • Privacy Policy
  • Solutions
    • Sunsystems Solutions
      • SunSystems Financials
      • SunSystems Cloud
      • Query & Analysis Reporting
      • Sharperlight Reporting
      • Process Automation for SunSystems
      • Bank Payments
      • Making Tax Digital
      • Finansys Cloud
      • Spindle Document Delivery
      • Infor d/EPM
    • Netsuite Solutions
      • Oracle NetSuite Business Management Solutions
      • Financial Management Software
      • Professional Services Automation
      • NetSuite eCommerce Solutions
      • Cloud-based Customer Relationship Management Solutions
  • Services
    • SunSystems Services
      • SunSystems Training
      • Professional Services
      • SunSystems Support
      • FinanSys Cloud Support
      • Integration – Infor Sunsystems
      • SunSystems Project Calendar Timeline
    • NetSuite Services
      • NetSuite Professional Services
      • NetSuite Support
      • Oracle NetSuite Integration
      • NetSuite Project Calendar Timeline
  • Enhancements
    • Overview
    • Purchasing
    • Sales
    • Financial Accounting
    • Reporting
    • Human Resources
    • Compliance
    • Optical Character Recognition
  • Sectors
    • Energy, Oil & Gas
    • Financial Services
    • Hospitality
    • Insurance
    • Not-for-Profits
    • Professional Services
    • Property Management
      • Housing Associations
    • Retail
    • Software & Technology
    • Wholesale Distribution
  • Resources
    • Case Studies
    • Brochures
      • FinanSys Brochures
      • SunSystems Brochures
      • NetSuite Brochures
    • Videos
      • SunSystems Videos
      • NetSuite Videos
      • Thinking about a new accounting system?
    • Webinars
    • News and Blog
    • SunSystems Training Manuals
    • Subscribe to our mailing list
    • FAQs
  • Customer Area
  • Contact

Why is financial software useful for businesses?

Why is financial software useful for businesses?

    Why is financial software useful for businesses?

    In efficiency terms, the way that you handle your business finances will have a big impact on performance. Whether you’re a small business working from piles of paper and receipts or a large enterprise with complex spreadsheet systems, it’s difficult to be financially accurate and effective without the right infrastructure in place. Financial software provides that infrastructure and also offers many opportunities for better financial management. These are just some of the reasons why financial software is useful for businesses.

    Perspective on cash flow

    The range of different figures and sources that are required to provide a truly accurate picture of cash flow often make perspective difficult to achieve. With financial software, everything, from revenue in, to invoices sent and overdue payments is integrated into one place so that you can see exactly where your business is at any time. Not only will this ensure that you’re fully aware of the way that cash moves around the business at any given moment, but it will also provide solid foundations for more accurate financial planning and projections.

    Improving accuracy and reducing error

    There is a lot of potential for error with manual calculations. That’s especially so if you’re working with multiple documents and data sources, bank accounts and records. Financial software can help to ensure data entry is carried out in a way that is accurate. So, your business won’t be held back by errors in accounting and you can spend less time on correcting mistakes.

    The use of automation

    Automation is a quiet revolution in financial management, reducing time spent on basic or repetitive tasks and freeing up staff to work on other more value adding jobs. Financial software, such as SunSystems, has automation built in to reduce workload in key areas such as invoice entry, workflow processing and reporting. It means that you’ll have full financial records, drawn from invoices or past payments, and you won’t have to manually input this data yourself. It can be used to send reminders and chase up payments so that functions, such as collecting on invoices, don’t have to take up quite so much time.

    Tax preparation

    All financial software will have tax preparation functions integrated, as this is something that every business is required to do. From keeping accurate records through to exporting the data necessary to make returns and file accounts for tax purposes, the process is simplified and more accurate where financial software is involved. Not only is your data better handled and more accessible but you can also use financial software to support scheduling so that you don’t miss key deadlines.

    Efficiency and cost

    Digital invoices are simple to prepare and send with financial software. These can be easily tracked and chased up, monitored and shared and the data quickly and effectively exported into other key documents. In fact, financial efficiency is improved throughout the business with software use, providing multiple opportunities to reduce cost, from ensuring prompt invoice payments through to minimising the need for professional accountancy involvement. Cloud storage ensures your data is secure and also that it can be accessed flexibly to support an agile business model.

    These are just some of the benefits of using financial software in your business – updating out of date legacy systems in this way could be transformative in terms of both operations and cost.

    Get in touch with FinanSys to find out more about our SunSystems software for organisation today.

    Book a call with us today to discuss how you can harness the financial management benefits that SunSystems offers

    Book a call
    Alt Text

    Related Posts:

    • Why It Is Important to Train Your Staff to Use New Software
    • Why Should You Upgrade to SunSystems Cloud?
    • New Year, New SunSystems Support Provider: Here’s Why FinanSys is the…
    • Ledger Archiving Best Practices and Benefits for Financial Accounting
    • Leveraging Technology for Better Financial Planning and Analysis (FP&A)
    • 5 Must-Have Features for Oil and Gas Accounting Software
     
    Categories
    Recent Posts
    • When to Switch from Accounting Software to ERP
    • 5 Hidden Requirements in the APUC Finance Systems Framework — And How to Tackle Them
    • The Finance System Wish List for the Education Sector
    • Future-Proofing Finance in Higher Education: Why Frameworks Need the Right Supplier
    • What Makes the Right Supplier for the APUC Framework?
    Categories
    • Accounting
    • Accounting Software
    • Asset Management
    • Automation
    • Business Management
    • Business Process Automation
    • Business Process Management
    • Case Studies and Research
    • CFOs
    • Cloud
    • Cost Reduction
    • Customer Relationship Management
    • Data Management
    • Digital Transformation
    • Enterprise Resource Planning
    • Expense Management
    • Financial Analysis
    • Financial Management
    • Financial Reporting
    • FinanSys
    • General
    • Implementation
    • Infor Q&A
    • Integration
    • MTD
    • Multicurrency & Multicompany
    • NetSuite
    • Productivity
    • Project Management
    • Reporting
    • Software Update
    • SunSystems
    • SunSystems Cloud
    • Team Management
    • Time Management
    • Training
    • Uncategorised
    • UniFi
    • Workflow

    How Cloud can reduce security risks and benefit your organisation

    Previous thumb

    FinanSys Launches the First HMRC-Tested Making Tax Digital for SunSystems solution

    Next thumb
    Scroll

    FinanSys Solutions Ltd

    Address: FinanSys Solutions Ltd. Office One, 1 Coldbath Square, Farringdon, London, EC1R 5HL
    Phone: +44 (20) 7456 9833
    Email: info@FinanSys.com

    Privacy & Cookie Policy

    Terms of Use

    Copyright © 2025 FinanSys Solutions Ltd. All Rights Reserved

    Recent Posts
    • When to Switch from Accounting Software to ERP
    • 5 Hidden Requirements in the APUC Finance Systems Framework — And How to Tackle Them
    • The Finance System Wish List for the Education Sector
    Useful Links

    Events & Webinars

    Customer Login

    News & Blog

    Finansys ISO 27001 and SOC 2
    • Home
    • About
      • About FinanSys
      • Meet the Team
      • Who Trusts Us
      • Partners, Accreditations & Memberships
      • Careers
      • Privacy Policy
    • Solutions
      • Sunsystems Solutions
        • SunSystems Financials
        • SunSystems Cloud
        • Query & Analysis Reporting
        • Sharperlight Reporting
        • Process Automation for SunSystems
        • Bank Payments
        • Making Tax Digital
        • Finansys Cloud
        • Spindle Document Delivery
        • Infor d/EPM
      • Netsuite Solutions
        • Oracle NetSuite Business Management Solutions
        • Financial Management Software
        • Professional Services Automation
        • NetSuite eCommerce Solutions
        • Cloud-based Customer Relationship Management Solutions
    • Services
      • SunSystems Services
        • SunSystems Training
        • Professional Services
        • SunSystems Support
        • FinanSys Cloud Support
        • Integration – Infor Sunsystems
        • SunSystems Project Calendar Timeline
      • NetSuite Services
        • NetSuite Professional Services
        • NetSuite Support
        • Oracle NetSuite Integration
        • NetSuite Project Calendar Timeline
    • Enhancements
      • Overview
      • Purchasing
      • Sales
      • Financial Accounting
      • Reporting
      • Human Resources
      • Compliance
      • Optical Character Recognition
    • Sectors
      • Energy, Oil & Gas
      • Financial Services
      • Hospitality
      • Insurance
      • Not-for-Profits
      • Professional Services
      • Property Management
        • Housing Associations
      • Retail
      • Software & Technology
      • Wholesale Distribution
    • Resources
      • Case Studies
      • Brochures
        • FinanSys Brochures
        • SunSystems Brochures
        • NetSuite Brochures
      • Videos
        • SunSystems Videos
        • NetSuite Videos
        • Thinking about a new accounting system?
      • Webinars
      • News and Blog
      • SunSystems Training Manuals
      • Subscribe to our mailing list
      • FAQs
    • Customer Area
    • Contact