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Defining Terms
Business Sizes
Small Entities (SMEs): Typically defined as businesses with fewer than 50 employees and revenue under $10 million. They often have simpler operational structures but are the most time-constrained.
Medium Entities: Usually between 50-250 employees with revenue up to $1 billion. They have more complex processes but may not have the budget for enterprise-level solutions.
Large Entities: Corporations with 250+ employees, complex multi-departmental structures, and often international operations. They have dedicated IT and finance teams and larger budgets for transformation.
Perspectives
The Accountant's Perspective: Focused on technical accuracy, compliance, efficiency, data security, advisory potential, and the evolution of their own role (from data entry to analysis).
The Business Owner's Perspective: Focused on bottom-line results, saving time, reducing costs, gaining actionable insights, mitigating risk, and improving cash flow. They care about the "what," not the "how."
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