Why your firm should upgrade to Xledger

There are some things so ter­ri­fy­ing you only want to do them once. Bungy jump­ing off a bridge. Eat­ing ghost pep­per chilli chick­en wings. And in the busi­ness world, it’s switch­ing account­ing soft­ware. Even the most tech­no­log­i­cal­ly accom­plished chief finan­cial offi­cer (CFO) will shud­der at the thought.

How­ev­er, there comes a moment in the life of a com­pa­ny when a migra­tion is inevitable. For mid-mar­ket firms still using out­dat­ed tools or sys­tems designed for star­tups and the self-employed, it’s a ques­tion of upgrade or stag­nate.

Basic account­ing pack­ages aren’t designed for mid-sized firms; they become a straight­jack­et. The symp­toms are clear. The finance team is over­whelmed by man­u­al duties. Crunch­ing the data for insights is impos­si­ble. The CFO works week­ends just to keep oper­a­tions run­ning.

The solu­tion is to adopt a finance plat­form built for the mid-mar­ket. Xledger is tai­lor-made for com­pa­nies that have out­grown their first accounts pack­age. With more than 10,000 cus­tomers in 60 coun­tries and endorse­ments from IDC, Gart­ner and the Big Four accoun­tants, we offer a path for ambi­tious firms to grow with­out lim­it.

Our plat­form is ide­al for com­pa­nies in all sec­tors, includ­ing char­i­ty and non-prof­it. Mul­ti-enti­ty and com­plex cor­po­rate struc­tures can be man­aged with ease by Xledger.

Automa­tion takes care of mun­dane duties. Bank rec­on­cil­i­a­tion, dash­board cre­ation and report­ing are just some of the tasks han­dled auto­mat­i­cal­ly. The finance team can save hun­dreds or thou­sands of hours a year.

Xledger is a com­plete enter­prise resource plan­ning tool. The basics include invoic­ing and pur­chase orders, billing, VAT report­ing, and cash and bank pay­ments. It also adds process and struc­ture to the enter­prise with pro­cure­ment and inven­to­ry, bud­get­ing and fore­cast­ing, and project account­ing. Reg­u­la­tion is tighter than ever today; Xledger auto­mates fund account­ing and swathes of statu­to­ry report­ing require­ments.

Let’s be blunt. None of the tools designed for more basic account­ing needs can han­dle this work­load.

Our plat­form is a true cloud sys­tem. This means the finance team can log on from any device with a brows­er. Dur­ing the coro­n­avirus pan­dem­ic our clients have been pre­pared and able to run smooth­ly because of easy, secure, remote access. Fur­ther­more, there is no main­te­nance for your IT team and no upgrades to install. Xledger han­dles it all.

Andrews Prop­er­ty Group, an estate man­age­ment com­pa­ny with 49 branch­es across the south of Eng­land, made the switch to Xledger to lib­er­ate the accounts team from man­u­al duties.

Brett Ford, group finan­cial con­troller at Andrews Prop­er­ty, says: “We chose Xledger because it ticked all our box­es. The automa­tion, the effi­cien­cy, the con­sol­i­da­tion, and we could tell they want­ed to work with us. We’ve almost fin­ished an entire­ly remote imple­men­ta­tion and I can­not fault the Xledger team who have gone above and beyond through­out.”

As Brett says, upgrad­ing is sur­pris­ing­ly straight­for­ward. Xledger man­ages the tran­si­tion from start to fin­ish. Every sin­gle con­sul­tant and mem­ber of our sup­port team is a qual­i­fied accoun­tant either ACCA, FCCA or CIMA accred­it­ed. This means your finance team will be work­ing with expe­ri­enced indus­try peers. Togeth­er, we’ll con­fig­ure the pack­age to suit your enter­prise. We offer hyper-care dur­ing the sen­si­tive first three-month peri­od. It’s an all-inclu­sive ser­vice. What­ev­er you need, we’ll be there for you.

The qual­i­ty of Xledger is world lead­ing. We are hailed as a major play­er in IDC’s Mar­ketScape Report for the mid-mar­ket. Gart­ner names us as a glob­al com­peti­tor in its Mar­ket Guide. Our glob­al net­work of part­ners includes PwC, BDO and KPMG.

And we pride our­selves on our cul­ture. Found­ed by Nor­we­gian tech entre­pre­neur Jar­le Sky in 1996, Xledger has a Scan­di­na­vian work cul­ture, tak­ing time to win the trust of each and every client to build a per­son­al rela­tion­ship over the long term. We have no share­hold­ers to please and will not sac­ri­fice first-class sup­port for growth.

For mid-mar­ket com­pa­nies or out­sourced accoun­tants search­ing for the right finance plat­form, Xledger is tai­lor-made to be the ide­al solu­tion. The only chal­lenge is per­suad­ing firms to upgrade.

Patience Thody, deputy chief exec­u­tive of The Wildlife Trusts, puts it like this: “Often peo­ple get wed­ded to a sys­tem so much that when you even men­tion the ‘change’ word, they would prob­a­bly pre­fer to sit with some­thing frus­trat­ing them, rather than think­ing there’s a dif­fer­ent solu­tion to help. It’s that whole change mind­set.”

Suc­cess­ful firms need the right tools for the job. Upgrade to Xledger and you’ll be ready for the next decade of growth.

To find out more please vis­it www.xledger.co.uk/future-cfo/  

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