What is the Finance Tech stack that we use with our business clients?Mar 24, 2023
I have been discussing the future of accounting and implementing software over the last couple of weeks.
If you haven't had a chance, you can read:
This week, I have created a short video for you to watch on what my Finance Tech stack is with current businesses.
We will update this for you every 6 months so anything we're testing now or implementing over the coming months we can keep you informed.
While accounting software can be an excellent tool for improving accuracy and efficiency in financial processes, it's important to remember that software alone cannot fix issues with inaccurate financial numbers or flawed processes.
Before implementing any new software or tools, it's important to ensure that your financial numbers and processes are accurate and reliable. While it can be tempting to rely on software to catch errors or provide a quick fix, this approach is not sustainable in the long run.
Instead, take the time to review and audit your financial processes and numbers, making any necessary adjustments or corrections before introducing new software.
Once you have ensured that your financial processes and numbers are accurate and reliable, it may be time to consider moving away from Excel and towards software that is more efficient and accurate. While Excel can be a useful tool, it has limitations when it comes to managing complex financial processes and data. Accounting software, on the other hand, can provide a range of benefits, including increased accuracy, improved efficiency, and more robust reporting capabilities.
We use a finance tech stack that includes a variety of software solutions designed to improve accuracy and efficiency in financial processes. Our CFO tech stack includes accounting software that is customisable and scalable to meet the unique needs of each of our clients.
This software provides real-time reporting and analytics, automated accounting processes and customisable reporting, allowing our clients to make informed decisions and stay ahead of the competition.
If you are considering implementing accounting software for your business, I encourage you to watch my short video on the best accounting software for small businesses. In this video, I discuss the features and benefits of several leading accounting software solutions, including online accounting software.
Here you can see my Finance Tech stack.
- Get your FREE Guide: Stepping into the role of Finance Director or CFO
- Follow me and let me know what challenges you are having right now.
- Register for the mini-course, Upgrade your Management Accounts and get noticed by the business
- Work with me in the new / aspiring FD course and includes Q&A sessions where we can discuss all of your questions and how to apply your learnings to your current role.