7 finance pain points when growing a business

Fast-growing companies typically experience similar pain points or growth obstacles related to their finance systems and processes.

Here are the 7 most common ones:

Pain point #1: Fundraising

Raising capital can be a lengthy and stressful process. For finance teams, it often pulls focus away from day-to-day operations and strategic growth initiatives. Preparing accurate, timely, and credible financial reports becomes a full-time job—and if your systems aren’t up to the task, the process is even more draining.

Pain point #2: Outgrowing your start-up finance system

Entry-level accounting software often hits its limits as your business scales. Increased transaction volumes, complex reporting requirements, and expanding teams put pressure on your existing processes.

You might find your finance team spending hours manually collating data just to track KPIs or assess performance. And if you become part of a group structure—whether through acquisition or expansion—monthly consolidation becomes a manual, time-consuming task.

Pain point #3: Multi-currency and multi-company transactions

As you enter new markets, you’ll need to manage multiple currencies and entities efficiently. Without proper FX management or inter-company accounting tools, these processes can become error-prone and opaque—impacting everything from cash flow to compliance.

Pain point #4: Loss of control

When your finance team is spread across multiple locations, maintaining oversight becomes more difficult. Without robust system controls and a clear audit trail, tracking transactions and approvals can become a challenge—raising risks for compliance and reporting accuracy.

Pain point #5: Lack of business intelligence

As your organisational structure becomes more complex, so do your reporting needs. You need real-time, granular insights—by product, geography, revenue stream or partner—to make fast, informed decisions. If your current system can’t break data down in this way, you’re flying blind.

Pain point #6: Disjointed legacy systems and processes

Disconnected systems slow your team down and leave room for error. For true efficiency, your finance platform should integrate with your core tools—CRM, EPOS, payroll, expenses, and banking—so that data flows automatically between systems and provides a single source of truth.

Pain point #7: Talent acquisition and retention

Today’s finance professionals want to work with modern tools. A slow, manual, or outdated system can frustrate your team—and make it harder to attract or retain top talent. Offering a cloud-based platform that supports remote collaboration, automation and smarter reporting signals that you’re serious about innovation.

The solution: Get ahead of these pain points before they become roadblocks

The best way to avoid these challenges? Invest in a finance system that’s designed to scale with your business. Your accounting platform should not only meet your needs today, but support your growth for the next 5 to 10 years and beyond. 

Learn more about our advanced finance management solution for ambitious businesses

AccountsIQ is built for companies with a growth mindset, and need a finance platform that can keep up. Our scalable, cloud-based system helps you automate manual processes, manage multi-entity structures and gain real-time insights that drive growth.

Book a demo to see how we can help your finance team thrive as your business scales.

‍