‘Saas-turation’ is trampling on everyone’s data
The irony of your business growing? It can ruin your data hygiene. The story usually goes something like this: As your business expands, it leads to iterative changes to handle the increased scale. You buy new apps, add more third-party tools, and rely on a bunch of independent programs that each require data to work.
We’ve recently seen unprecedented levels of “SaaS-turation” as businesses become exhausted from app overload. You might be surprised to tally up just how many apps it takes to run your business. On average, organizations used a staggering 371 apps in 2023, an increase of 32% since 2021, according to data from Productiv.
Over time, more stakeholders, including leaders, IT administrators, and accountants get involved and have their own data to add to the mix. Complicating matters, your marketing and sales data often becomes disconnected from financial data, even though you need both in the same place to fully understand how your business is doing.
Bandaids won’t fix your back-office blues
Bad data creates frustration across the board. Your business is now over-budget with frustrated company leaders, stressed out IT administrators, and accountants who lack the timely and accurate data necessary for their work. The traditional approach of adding more apps and more staff while constantly verifying data makes the cycle disastrous.
Companies often resort to costly “quick-fix” solutions that do little more than slap a bandaid on a deeper problem. They hire expensive integration firms, buy middleware, or bring on more IT staff. However, these solutions can be slow and often fail to do the job long term, leading to a constant state of repair and eventually an overwhelming back-office mess.
The ‘Great Rebundling’ is here: What’s your move?
To combat accounting dysfunction, we’re now seeing a countertrend called the “Great Rebundling.” Many companies intend to consolidate vendors, with 71% citing cost savings as their motivation to do so. On top of that, 80% of CFOs are expressing interest in switching to a single-vendor solution.*
Finally, the single source of truth you’ve been looking for
Even if the appetite for consolidation is there, many companies have no idea how to combine their AP and AR, spend management, bill pay, cash flow, forecasting, and other financial functions.
Accounting Seed recognized this problem over a decade ago and developed the solution. Built on Salesforce, Accounting Seed allows you to run your business on a single platform sharing one data source.
Accounting Seed is ideal for businesses running their sales, service, or operations on Salesforce and easily allows you to automate processes across different data layers without coding. This approach vastly differs from other providers who leave you with a pool of disparate apps.