The importance of real-time financials for scaling companies

Here's a neutral and interesting summary of the text: Companies often struggle with financial management as they scale, neglecting finance teams or relying on manual processes that lead to human error. To overcome this, automation can help streamline accounting tasks, such as categorizing transactions into a chart of accounts, creating recurring rules for automated transactions, and integrating expense apps with accounting systems. Real-time financial visibility enables companies to make informed decisions based on accurate data, which is crucial for building relationships with external stakeholders like investors and banks. By setting up sound financial processes, including bookkeeping basics, automation, and real-time financials, businesses can create a solid foundation for growth and success.