Moreover, in an unpredictable market, fears of overspending on technology that might not deliver immediate value take hold. ROI becomes a moving target, so you prioritize short-term needs over long-term improvements. This combination of factors causes you to keep pouring more resources into maintaining the status quo, even when change is desperately needed.
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However, when you take a step back to consider the time wasted across your team on manual accounting—not to mention the lack of visibility into your business as a result—it highlights the backward mentality of resisting change and continuing on the same path for the sake of “keeping the wheels turning.”
Here we’ll take a closer look at just how much of your team’s valuable time is likely consumed by these inefficient processes and what that means for the future of your business. We’ll explore the consequences of sticking with a solution you’ve outgrown, including a lack of visibility into profit trends, key business health indicators and cash flow direction. Moreover, we’ll address how automation solves for this and enables you to regain your focus on strategic initiatives that drive business growth.