High-performing organizations have moved away from the old trend of managing based on out-of-date data via Excel spreadsheets. They’ve placed a great deal of emphasis on building a strong financial application infrastructure. This enhances visibility and management control, ultimately resulting in higher productivity and profitability.
ERP (or CFM, as this report calls it), collects and manages all financial information to provide reporting and visibility into total service revenue, cost, and profitability. Visibility is particularly important here. The rewards are significant for organizations who have integrated systems and management dashboards that allow them to pinpoint issues and spot trends in real-time. They can make decisions more quickly, and respond proactively to market changes.