For organisations like the NFCC, with a complex financial landscape involving membership subscriptions, government grants, and commercial revenue streams, the need for a streamlined, reliable, and efficient finance function is critical. Unfortunately, relying on systems like Sage 50, Kefron P2P and outsourcing to fill in the gaps—can create unnecessary complexities and higher operational costs.
The Problem with Sage 50 and Kefron P2P and Outsourcing
While Sage 50 has been a dependable choice for smaller organisations, its limitations quickly become apparent as requirements grow. Sage 50’s restricted scalability, coupled with Kefron’s P2P processes and the need for outsourcing, can result in fragmented workflows, duplicated effort, and inefficiencies.
Key issues include:
- Fragmented Processes: Managing general ledger, accounts payable, and accounts receivable through separate systems can cause errors and delays.
- Limited Automation: With Sage 50 and Kefron, many processes may require manual input, increasing the risk of human error.
- Inefficient Reporting: Creating consolidated financial reports can be laborious, particularly during year-end planning and procedures.
- Lack of Flexibility: Sage 50’s limited flexibility, features and use cases can hinder NFCC’s ability to adjust processes quickly as financial needs fluctuate.
- Dependency on Outsourcing: Gaps in system functionality often lead to increased reliance on external providers, driving up costs and reducing internal visibility and control.
Why SunSystems Cloud & UniFi Are Better Alternatives
Switching to a modern, integrated financial system like SunSystems Cloud paired with UniFi offers significant advantages:
- Improved Efficiency: With advanced automation capabilities, UniFi eliminates tedious manual tasks, streamlining processes like accounts payable, accounts receivable, and VAT returns.
- Scalability: Unlike Sage 50, SunSystems Cloud scales effortlessly, supporting NFCC’s evolving financial needs.
- Comprehensive Reporting: Generate accurate, real-time financial reports with ease, enhancing decision-making capabilities.
- Enhanced Security & Compliance: Stay compliant with current standards and ensure data integrity through automated processes.
- Reduced Outsourcing Dependency: With end-to-end automation and real-time access, finance teams can bring more processes in-house—reducing reliance on costly external services.
Reducing Costs Through Simplified Processes
A transition to SunSystems Cloud and UniFi can significantly reduce operational costs by eliminating redundancies and reducing the time spent on manual tasks. Improved reporting capabilities and streamlined processes also help prevent costly errors and delays. By automating what is typically outsourced, finance teams gain greater control and reduce the long-term cost of third-party support.
Conclusion
NFCC’s reliance on Sage 50, Kefron P2P, and outsourced services may have served well in the past, but the limitations are becoming more apparent. By switching to SunSystems Cloud and UniFi, NFCC can future-proof its financial processes, enhance efficiency, and reduce operational costs.
Ready to simplify your financial processes? Explore how SunSystems Cloud and UniFi can revolutionise your finance function.
