Signs of Outgrowing Your Accounting Software
Most basic accounting software may cover the basic business finance needs when businesses first get off the ground; however, they are less able to accommodate growth and new requirements as the business expands and grows. New business needs may require manual and workaround methods that can disrupt workflows, impact team members’ efficiency and affect the business processes.
Instead of patching multiple disconnected systems and platforms, a single cloud solution could quickly pull everything together into one convenient, consolidated experience. Business management solutions such as SAP Business One provides comprehensive functionalities required by most businesses for their day-to-day operations such as Finance, Sales, Customer Relationship Management (CRM), Inventory Management, Warehouse Management and more.
Cloud applications provide a myriad of benefits that allows for broader visibility into all aspects of your business. The ease of reporting and data queries makes data-driven decision making easy. Employees can also engage better with customers with the availability of data on their fingertips.
Cloud solution automates, integrates, and manages all aspects of the business without the need to switch between applications. Comparatively, the use of stand-alone systems would require constant changes between applications, which is not efficient and time-consuming. Errors are also more prone to happen due to manual data re-entry to different applications.
Benefits of a Business Management Solution:
- Improved and increased productivity with easy-to-create workflows, queries, and audit trails.
- Consistent experiences across different devices regardless of location.
- Enterprise level security with user-level access for better control and management.
- Easy-to-use reporting and queries to enable fast report generation.
- Ability to spot trends and delight customers through centralised, business-wide and up-to-date data.
- Fast and intuitive platform that allows you to start right away that is both easy to use and fast to deploy.
Business management solution connects your people and processes as your business transforms. Rather than be dependent on the IT team to set the pace of change, your business management solution puts the keys in your hand to grow and adapt in ways that make the most sense for your business.
If you are experiencing signs of outgrowing your accounting software, speak to us.