Tyrannosaurus Rex. Stegosaurus. Traditional accounting systems? Built in the 1990s, traditional accounting systems are quickly going the way of the dinosaur.
As they struggle with increased data complexity and progressively more stringent governmental regulations, these systems are finding it nearly impossible to survive. They’re simply too costly, slow, and labour-intensive. Plus, they’re exceedingly prone to human error.
In their place, finance organisations are taking advantage of in-memory technology to evolve modern financial systems.
Read the IDC Analyst Connection, Key Considerations and Benefits in the Use of In-Memory Accounting in Modern Financial Systems, to see how this new technology can improve your reporting and analytics, allow for real-time data access, and eliminate the need for a separate financial data mart.