But to the Finance Controller, growth can bring a bitter aftertaste.
A push into a new geographic region, for example,
means the business needs to deal with half a dozen
new currencies, languages and tax jurisdictions.
An acquisition brings with it new legacy systems
that may or may not work with the existing ERP
/ accounting system.
The need to meet new requirements spawns ad-hoc
solutions that immediately start to look permanent.
In other words, growth sows the seeds for chaos within
an otherwise well-run company’s financial management
systems and processes. The cost of compliance can build
up, often undetected, as a result.
Can back-end systems worsen the situation, or aid it?