The era of simple financial solutions is over. What used to work with Excel and tax advisors is now reaching its limits.
What works with Excel, simple accounting software, and the monthly report from the tax office reaches its limits as growth progresses. How you notice this and what a Financial Operating System does differently.
What used to work with Excel and the tax advisor reaches its limits as you grow. Often quietly, but noticeably: the numbers are correct, but no one understands them. Processes run, but no one sees through them. Decisions are made too late.
How you can tell
- The BWA arrives weeks after the end of the month
- Receipts, bank accounts and payment providers are stored in separate tools
- Liquidity is planned in Excel, not based on live data
- Every query from the tax office costs time
What a Financial Operating System does differently
Frienton connects bank accounts, accounting, controlling, reporting and taxes in a single system. Receipts are recognized, assigned and posted. Live BWA, balance sheet and liquidity are up to date within the current month. The tax office continues to use DATEV or ADDISON and receives the pre-posted batch of entries.