For this reason, it is important to explain the meaning of moving financial information to the cloud, among other reasons, to connect financial and commercial data.
The importance of connecting financial and business information for accounting
The commercial area generates a large amount of highly relevant information for different tasks of great interest to the financial and accounting area, such as:
The importance of connecting information for business decisions
Proper business decisions require customer-related financial information for multiple missions:
Connecting commercial and financial information brings coherence to management. It is not unusual for each department to have its own hidden objectives, which often do not coincide with what is planned at a general level. Each one may want to shine with its own light and that can be a threat to the company as a whole.
Company management is often faced with conflicting reports . This is partly facilitated by the separation of commercial and financial information. Each department provides a different australia phone number for whatsapp view of the same issue. This can determine the preference for certain formats for presenting information. Each department chooses the one that best expresses the arguments with which it defends its position.
Connecting financial and business information is the way to make management coherent. Different departments can share it and use common formats . In addition, it prevents the manager from having to interpret information that is presented in a format that is foreign to him.
On the other hand, different departments can get used to consulting the information produced by each other. This helps to have an overall view . Furthermore, the value of interdepartmental collaboration can be strengthened .
The cloud as an ally in connecting commercial and financial information
For these purposes, the cloud is more than just a shared space where data can be provided and coherent information can be built. It also offers great processing power , which will no longer depend on the characteristics of the equipment we work with, but will be supported by the servers of our cloud service provider .
Thus, we break the triple dependency on key IT equipment, the software installed on it, and the key person who understands it . The cloud creates an environment in which different employees can access information from the device of their choice. In other words, information flows more freely, without being so dependent on circumstances beyond the control of management.