"Thanks to Therefore, we have seen significant gains in our processes with great speed of execution for all employees."
At the end of the day, it comes down to the bottom line.
Information management software has become an essential tool for the finance industry, helping finance professionals improve efficiency and accuracy, enhance risk management and compliance, improve financial forecasting and planning, and improve collaboration and communication across the organization. With the right software in place, finance departments can gain a competitive advantage by developing and implementing more effective financial strategies that drive business success.
Accuracy and Efficiency
Therefore™ can provide a range of benefits to the finance industry, including improving the accuracy and efficiency of financial reporting and analysis. For example, Therefore™ can automate many routine financial tasks, such as data entry and reconciliation, allowing finance professionals to focus on more strategic initiatives. Additionally, Therefore™ can help ensure the accuracy of financial data by flagging errors and inconsistencies, and providing real-time insights into key financial metrics such as revenue, expenses, and profitability.
Risk management and Compliance
Another important benefit of Therefore™ for the finance industry is its ability to improve risk management and compliance. By providing real-time access to financial data and analytics, Therefore™ can help finance professionals identify potential risks and take proactive steps to mitigate them. Additionally, Therefore™ can help finance departments comply with regulatory requirements such as Sarbanes-Oxley and the Dodd-Frank Act by automating compliance-related tasks and providing audit trails and documentation.
Financial Forecasting and Planning
Therefore™ can also help finance departments improve financial forecasting and planning. By providing real-time insights into key financial metrics and trends, Therefore™ can help finance professionals make more accurate and informed decisions about budgeting, investment, and resource allocation.
Therefore™ in Action
When your team works more efficiently, the bottom-line benefits.
According to Netsuite, “some 70% of companies that have automated more than one-fourth of their accounting functions report moderate or substantial ROI.“
Eliminate the cost of paper and document storage completely.
Automate work to cut labor costs while increasing employee satisfaction, leading to lower, costly turnover rates.
Automation – the closest you can get to buying time.
With the time saved through automation, employees have more time to spend with customers.
Workflows automatically route invoices to the correct employee or manager for approval; clear deadlines and escalation paths ensure reporting is finalized on time.
Don’t let your business be slowed down.
Share documents with external parties such as investors, creditors, and regulators through a customizable portal.
Don’t waste time looking for documents – Therefore™’s full-text search makes it easy to find what you need, so you can be prepared for anything.
Computer, phone, or tablet; office, home, or in-between, Therefore™ is accessible anywhere, anytime you need it.
It works better when it works together.
Our integrations with Microsoft Office Outlook, SAP, Microsoft Dynamics, and the possibility to integrate with many other systems via REST API guarantees all your financial information is easily available.
The REST API empowers you to integrate with accounting software solutions like QuickBooks, Xero, Sage, and Exact.