Reduce Manual Work and Increase Your Reporting Power
Financial Shared Services is a business practice that involves an organization consolidating its financial functions into a centralized internal hub. By leveraging economies of scale Financial Shared Services can reduce overhead, eliminate redundant activity, and improve accounting team performance as well as deliver on common finance team KPIs.
Â
However, organizations with shared financial services experience barriers with difficulty consolidating financial data in a timely manner for monthly and quarterly financial close due to systems not being centralized. This results in inefficient processes, manual time-consuming work, and lack of control. With the Advanced Multi-Company Solution (AMCS) by Avantiico, organizations with shared service centers can streamline and centralize their financial processes with the finance automation software built for Microsoft Dynamics 365.