Efficient accounting processes| Up-to-date accounting information| Improved financial reports
Improvement in the quality of financial and accounting information.
Potential time savings in relation to financial accounting closing processes.
Transparent processes and improvements in audit trail.
Improvements in meeting regulatory requirements.
Efficiency increases as a result of documented processes.
Knowledge-transfer within the organisation becomes easier.
Creates the opportunity for harmonizing and improving processes.
Planning and forecasting becomes more accurate and reliable.