Financial software is always a big investment, no matter the size of the company. Yet the best financial software shares three characteristics that make it worthwhile, boost your productivity, and decrease your expenditure in the long run.
These three components are scalability, flexibility, and user-friendliness, and we explore why this is so below.
Whenever we’re approached by a new client, they often come to us with a list of pains that they are looking to get rid of. That is understandable, as these problems could be causing bottlenecks in the process, wasting precious employee time, and potentially hindering the company from making the most of every opportunity.
Yet fixing financial processes is like medicating human bodies: you can either take a pill that will get rid of the pain for a few hours but won’t address the source of the issue, or else you can look into getting to the bottom of the problem in the hopes of finding a long-term solution that will permanently get rid of the pain.
Clients come to us because the software they’re using isn’t really working with their workflow and processes, such as running repetitive daily tasks in Excel. However, once the conversation gets underway, it’s hard to know what came first, leading to a chicken-and-egg dilemma where it is unclear whether it was the inappropriate software that forced the ineffective strategy, or the ineffective strategy that led the client to invest in inappropriate software.
One of the things we tell our clients is that when trying to solve a problem, the first step has to be looking at the bigger picture. This is because fixing a problem in a vacuum may result in more problems in other parts of the process.
In order to achieve harmony in your workflow, you need to identify what your processes aim to do, what your strengths and weaknesses in this process are, and the resources you have in hand. Then, you need to let go of what you think the process should look and be like and trust the fact that, sometimes, changing the process can help you achieve better results.
Of course, it helps if the software is built around your needs and individual strategy, and we offer that too. But even if you go for a different solution, there are three main components you should ensure are built-into your software of choice.
Scalable: As your operations grow, you’ll need your software to run a higher number of processes, deal with larger amounts of data, and be used by more people. Ensuring its scalable from the get-go reduces many issues in the long run and even saves you money on financial software costs.
Flexible: Companies often change their focus or add new processes to their strategy. Good software should allow you to do that without too many complications and without disrupting your workflow.
User-friendly: Software that can only be worked by programming experts is sure to cause issues, especially if that expert quits or if someone new joins the team. Software should be as user-friendly as possible, allowing you to focus on the strategy rather than the code.
If all this sounds familiar and you’d like to know more about how the Wakett Framework can help you achieve a more harmonious workflow, then get in touch with us. Consultations come with no obligations, so you have nothing to lose!