What is Accounting Automation for Mid-Market? | Gravity Software

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

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.

Accounting Efficiencies

"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

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?

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.

How Gravity Software makes accounting automation easy

How Gravity Software makes accounting automation easy

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

Gravity Software is natively built on the Microsoft Power Platform, offering an intuitive and easy-to-use interface. This enables your team to leverage its full potential with minimal training and setup time. Seamlessly integrating with Microsoft tools like Teams, Excel, and Outlook, your team can quickly get up to speed and boost productivity from day one.

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

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 automation for streamlined Accounts Payable

Automate your accounts payable process with Gravity Software’s Bill.com integration, reducing manual data entry, improving cash flow management, and ensuring accurate, real-time financial insights while maintaining compliance with a transparent audit trail.

CRM integration for seamless accounting and workflow

Enhance your business processes with Gravity Software’s integrations for Microsoft Dynamics 365 CRM and Salesforce, allowing seamless synchronization between your accounting and CRM systems. With automated workflows and real-time data sync, you can boost efficiency, improve customer relationship management, and make data-driven decisions across your organization.

Expense management automation for bettervcontrol and efficiency

Seamlessly manage your company’s expenses with Gravity Software's direct integration with Ramp, streamlining expense reconciliation, boosting efficiency, and providing real-time insights into your spending patterns.

POS System integration for seamless financial tracking

Integrate your Point of Sale (POS) system with Gravity Software to streamline financial tracking, automate data synchronization, and enhance reporting. With our open API, you can easily connect any POS system, ensuring real-time financial data is accurately captured and shared across your accounting processes. This integration eliminates manual data entry, reducing errors and saving time, while providing a unified view of your business’s financial performance.

Time and Billing automation for improved accuracy and efficiency

Efficiently track time, manage resources, and generate accurate invoices with Gravity Software’s Time and Billing integration, offering real-time dashboards, Gantt charts, and mobile access for improved project tracking and billing accuracy.

Transform collaboration with Microsoft Teams integration

Revolutionize your accounting workflows by integrating Gravity Software with Microsoft Teams, allowing seamless collaboration, real-time financial insights, and simplified approval processes without switching between tools.

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.

onefire-holding co

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.

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 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.

More accounting automation resources

More accounting automation resources

To help you further streamline your accounting processes, we've compiled a variety of resources designed to provide deeper insights into the world of accounting automation. Whether you're looking to learn about best practices, industry trends, or how automation can transform your financial operations, these resources will equip you with the knowledge to make informed decisions and maximize the efficiency of your business. Dive in and discover how Gravity Software can help you take your accounting automation to the next level.

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AP Automation Demo Video

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AI Powered Accounting with Copilot

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Outgrowing QuickBooks

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Business Intelligence Whitepaper

Download our free whitepaper to see how business intelligence helps improve decision-making through advanced accounting automation.

AI In Accounting

Explore how AI tools are transforming finance teams and enhancing multi-entity accounting processes.

Finance Trends for CFOs

Stay updated on the latest finance trends every CFO should know to navigate today’s business challenges.

Maximizing Multi-Entity Financial Reporting

Explore how financial reporting software tailored for multi-entity businesses enhances automation, accuracy, and scalability while simplifying data consolidation and compliance.

ACH Payment Processing

Learn the best practices and benefits of ACH payment processing for streamlining your accounts payable and receivable.

See it Action

Explore the key features of Gravity Software in this quick 7-minute video, showcasing how our solution streamlines accounting and improves business efficiency.

AP Automation Insights

Learn how accounts payable automation helps businesses streamline their payment processes, reduce errors, ensure timely payments, and build stronger vendor relationships by providing faster, more reliable financial transactions, all while saving time and improving operational efficiency.

Get Started Today

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