Like so many companies, Marinus chose to use QuickBooks at the outset. But as Marinus expanded operations, it found that QuickBooks did not meet its needs for internal controls, management reporting, and external reporting:
- Journal entries could easily be overridden
- The chart of account structure required for tracking expenses by department and project was cumbersome
- The financial reporting and budgeting capabilities were very limited and led to time-consuming, manual manipulation outside the application
Marinus needed an accounting solution that would tackle these concerns and also provide controlled access to real-time information to internal and external stakeholders alike.