Nowadays requires businesses, even small companies, using modern technological tools that help to run day-to-day activities quickly and accurately. Computers and software allow enterprises to automate and optimize their business processes; therefore, computers and software are widely used not only the large corporations but small and middle businesses too. Software providers from day to day offer new and new computerized business solutions. Certainly, large corporations need much more powerful and complex software systems to plan, manage, analyze their activities. However, the use of software solutions in small businesses continually grows.
The role of finance has rapidly increased especially with the rise of digital technologies; therefore, more and more small companies and individual entrepreneurs start to use small business financial software to control, analyze and plan their finance.
The key benefit of using the small business financial software system is the transformation of the financial operations from an administrative function to a strategic asset. Such transformation is possible via: