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Any system, whether on-premise or cloud, that automates an otherwise manual administrative or financial process will enable you to deliver efficiency gains.
Traditional on-premise accounting systems can help you to streamline many core financial processes but struggle if a process involves more than one location and if the people involved in the process are not firmly tethered to their desks.
Cloud accounting systems enable you to leverage that inherent accessibility and take automation to the next level. Multi-entity consolidation, real-time MI and full purchase to pay are key examples of processes that on-premise systems struggle to deliver without additional spreadsheet workarounds.