Traditional accounting systems are isolated from operations, and that causes some problems:
1. Traditional accounting information is dated. With manual accounting, accounting information
is never up-to-date except for the instant that someone manually closes a period. But integrated
cloud accounting is automatically and continuously updated by operations for a complete, accurate,
real-time picture of where business stands.
It requires a lot of time and labor to manually take all of the information from operations and re-key it into an accounting system.
2. Traditional accounting takes too long. It requires a
3. Traditional accounting invites errors. Manual data entry is always an error opportunity. So
re-keying information from order management to accounting for every order is bound to lead to
mistakes. Integrated accounting removes error opportunities by removing manual re-keying.
4. Traditional accounting requires manual sorting. Not only do professionals have to re-key
accounting data in traditional systems, they first have to identify what it is and sort it into
cumbersome batches. Integrated accounting systems know what A/R is, what A/P is, and what belongs
where so information is automatically posted to the right place.
5. Traditional accounting means missed opportunities. You can’t take traditional accounting with
you. Integrated cloud accounting opens a world of opportunities. Accounting is tied back to orders,
so it’s easy to invoice and receive payment right on the spot – even if that spot is miles from the
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Integrated accounting in the cloud brings operations and accounting together for the automatic, continuous, real-time picture of where business stands.
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Essent is the leading provider of fully-integrated business management software solutions and services for process-intensive industries and the largest trading network for the promotional products industry. The Essent family of fully-integrated products and services combines best practices, business processes, software automation, and network communications to deliver unparalleled, unified business management solutions. Since 1980, Essent has offered the systems, service, software, and support critical to success in today's highly-competitive marketplace.