Global retail companies process substantial volumes of cash, ACH, and credit card transactions across many channels and locations every day. Accountants are usually left to manually tick and tie those transactions in order to manage inventory, create and post journal entries, report account balances, and stay ahead of fraudulent activity. The challenges facing accounting departments at retail companies are immense. Yet, many companies continue to endure outdated processes and lack proper systems to meet the needs of today’s business. Relying on spreadsheet-based accounting increases the risk of mistakes, makes errors difficult to detect, and hinders retail accounting operations.