A key advantage of integrated financial data is the ability for a business to quickly review it's financial performance and obligations. Combining advanced project and job management software such as Workflow Max with an accounting package such as Xero provides significant time savings, providing detailed and systematic task development and review through all stages of the business (WorkflowMAX). The capacity to 'drill down' through all stages of a job or project through to invoicing, cash-flow management, payments, and reports from a single platform affords significant benefits to both understanding and managing the finances and resource allocation of a business.
For other businesses, the flow of information between systems can drastically simplify the day-to-day monitoring of different areas of the business. Rather than data being handled as separate 'silos' of information that must subsequently reviewed, reconciled, and assessed, it may rather be integrated from the outset thereby reducing double-handling. For example, the integration of point of sale data (POS) and banking transaction data (EFTPOS) with an accounting package (EFTPOS for Vend POS) can greatly reduce manual reconciliation requirements.