Seven benefits of upgrading their financial management systems such as:
*operations that are more streamlined
*a better linkage between project management and financial reporting
*better management of internal and external resources
*better and more timely information leading to better decision making
*implementing a modern business management and finance system and allow agency management and staff to focus on the core business of the agency
*cost efficiency is likely to have an impact upon the bottom line.
*clients and/or procurement departments may prefer to deal with agencies that are Sarbanes-Oxley compliant as this gives an indication that financial operations are transparent, well managed and accurately reported.