Accounting automation for small to mid-market businesses

What is accounting automation and why should small to mid-market businesses consider it?

Accounting automation is revolutionizing the way small to mid-market businesses manage their financial operations. For businesses in this space, where efficiency and scalability are key to growth, automation can help streamline accounting processes, reduce manual workloads, and enhance accuracy.

By adopting accounting automation, your team can focus on strategic decision-making instead of routine tasks. This shift not only boosts productivity but also provides real-time financial insights that drive smarter business decisions.

Gravity Software has completely transformed how we handle our accounting processes. What used to take days, now only takes 30 minutes. Our team can now focus on analyzing financial data, solving problems, and driving growth, rather than wasting time on manual entries."
— Stephanie Welborn, Accounts Payable Administrator, Sunray Companies

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  • The benefit of accounting automation for your business
  • The benefit of accounting automation for your business

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    Accounting automation offers a variety of benefits that can transform the way your small or mid-market business operates. Here are some of the top reasons to invest in an automated accounting solution:

    Save time, cut costs, and increase efficiency

    Automating manual tasks frees up your accounting team’s time, allowing them to focus on higher-value activities and strategic goals. This improves overall business efficiency and reduces operational costs.

    Improve financial reporting and data accuracy

    Automation ensures that financial reports are accurate, consistent, and up-to-date, providing you with reliable insights for better decision-making.

    Reduce errors and mitigate risks

    By eliminating manual entry, you reduce the risk of human errors, which can lead to costly mistakes or compliance issues. Automated systems are designed to ensure that data is accurate and processed correctly every time.

    Up-to-date, accurate data across all platforms

    With automation, your accounting data is always current and synchronized with other business systems, eliminating the need for manual updates and reducing discrepancies.

    Increased data visibility

    Automated accounting systems give you a comprehensive view of your financial data, improving visibility across your organization and enabling faster response times.

    Ultimately saves your company money!

    By automating repetitive tasks and improving data accuracy, you reduce the time and costs associated with errors, inefficiencies, and compliance issues.

  • What accounting tasks can be automated?
  • What accounting tasks can be automated?

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    For small to mid-market businesses, accounting automation enables your team to focus on more strategic and value-added tasks. Many common accounting processes are perfect candidates for automation:

    Accounts Payable (AP)

    Automate invoice approvals, payment scheduling, and reporting to speed up the payment cycle, reduce the risk of late fees, and ensure timely vendor payments.

    Financial Reporting

    Generate real-time, customizable financial reports with just a few clicks. Our system automatically consolidates data, helping you get the full picture of your business’s financial health.

    Multi-Currency Conversions

    For businesses operating internationally, automate the currency conversion process, simplifying the management of global operations and ensuring accurate transactions.

    Multi-Entity Accounting

    Simplify the complexities of managing multiple entities with automated intercompany transactions and consolidated reporting. Perfect for businesses growing across regions or sectors.

    Revenue Recognition

    Ensure compliance with industry standards by automating revenue recognition processes, making sure revenue is accurately recorded at the right time.

    Subscription Billing

    Automate subscription billing and renewals, ensuring accurate invoicing and timely collections for recurring services or products.

    System Integrations

    Link your accounting system with other business tools like CRM, POS, and HR systems to ensure smooth data flow between platforms and eliminate redundant data entry.

  • How Gravity Software makes accounting automation easy
  • How Gravity Software makes accounting automation easy

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    Gravity Software provides a user-friendly, comprehensive accounting automation solution tailored to small and mid-market businesses. Here’s how we simplify the process:

    Seamless integrations

    Gravity Software integrates with your existing business tools such as CRM, POS, and ERP systems, ensuring smooth data transfers and minimizing manual entry.

    Powerful financial reporting

    Our automation tools allow you to generate financial reports in real-time. Customizable dashboards give you immediate access to critical financial insights, allowing for quicker and better decision-making.

    User-friendly interface

    Our platform is intuitive and easy to use, meaning your team can start leveraging its full potential with minimal training and setup time.

    Scalability

    Whether you’re managing a handful of entities or scaling up across regions, Gravity Software is built to grow with your business. Our system supports multi-entity accounting and multi-currency transactions, perfect for businesses on the rise.

  • How to boost automation with system integrations
  • How to boost automation with system integrations

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    Integrating your accounting system with other key business applications can enhance the power of automation. Gravity Software helps you seamlessly integrate with essential business tools, including:

    Open API and strong data import engine

    Bill pay platforms

    Automate bill payments and ensure that all financial transactions are accurately recorded.

    CRM Systems

    Synchronize customer and financial data across platforms, helping you manage relationships while keeping financial records up to date.

    POS Systems

    Connect your POS system with accounting software to ensure accurate tracking of sales, inventory, and financial transactions.

    Time and Billing Systems

    Automate time tracking and billing for clients, employees, or contractors, ensuring precision and efficiency.

    Microsoft Teams & Office 365

    Integrate with Microsoft’s suite of tools for enhanced communication and collaboration within your team, making it easier to manage financial processes.

  • Accounting automation success stories
  • Accounting automation success stories

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    At Gravity Software, we empower businesses to optimize their accounting processes, streamline operations, and drive growth. But don’t just take our word for it—hear from companies who’ve experienced the benefits firsthand.

    These success stories showcase the power of Gravity Software in helping businesses of various industries tackle their unique accounting challenges. Whether you’re a multi-location hospitality company, a diversified holding company, or a healthcare provider, we’ve helped hundreds of businesses like yours improve financial operations and achieve greater scalability.

    Streamlining multi-entity accounting for hospitality and retail

    Sunray Companies, a full-service hospitality, retail, and real estate development company, faced significant challenges managing their growing portfolio of 47 locations, including hotels, spas, and salons. With Gravity Software, they eliminated double entry for intercompany transactions, automated their accounting processes, and gained real-time financial insights. Now, their team spends less time on manual data entry and more time analyzing cash flow and solving problems proactively, driving better financial performance across their portfolio.

    Simplifying financial operations for a growing portfolio

    Onefire Holding Co., a diversified investment and development firm, needed a flexible, scalable solution to manage the accounting for their multi-entity portfolio. Gravity Software allowed Onefire to seamlessly integrate their operations and automate time-consuming tasks, enabling better decision-making and financial control. By using Gravity’s multi-entity accounting capabilities, Onefire was able to scale operations without the growing pains traditionally associated with managing multiple businesses, leading to greater financial visibility and efficiency.

    Simplifying multi-location accounting for healthcare providers

    Dr. Tavel Family Eye Care, a prominent eye care provider with multiple locations, faced difficulties consolidating financial data across their sites. Gravity Software enabled them to automate financial reporting, improve cash flow management, and streamline operations across all locations. With Gravity Software, Dr. Tavel Family Eye Care’s accounting team now has more time to focus on patient care and business growth, rather than tedious financial data entry. to be more efficient and grow faster.

    Ready to streamline your accounting automation processes?

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  • More accounting automation resources
  • More accounting automation resources

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    Video
    See how Gravity Software streamlines accounting processes and improves efficiency in this quick video demonstration.
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    Why CFOs are choosing Gravity Software over NetSuite
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    5 signs you've outgrown QuickBooks (and what to do next)
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    How AI tools for multi-entity accounting are transforming finance teams
    ebook
    Free whitepaper to see how business intelligence enhances accounting and drives smarter decisions
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    Top finance trends every CFO should know
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    Maximizing efficiency with multi-entity financial reporting software
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    The ultimate guide to ACH payment processing: benefits and best practices
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    How AP automation improves vendor relationships

    According to a Deloitte and IMA survey of

    800 finance and accounting professionals,

    75% report that

    their accounting processes

    are currently very manual.

    Learn more about how we can help.

    Download the full eBook for more info on accounting automation or schedule a demo with us today!

    Download Now | Gravity Software  schedule a demo with Gravity Software

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