Have you outgrown your accounting software?
By: Laura ErwinIs your financial software inefficient? A lot of accounting specialists using software in their daily business processes may not realize that it is. There are some basic signs that will help determine the efficiency of the accounting technology a company is using, and the steps to take when it is time to evaluate a new solution.
- 1. The level of user complaints has risen significantly.
- 2. Employees ask to add non-authorized software to the system.
- 3. You’re unable to fulfill requests for information from partners or customers in their preferred format and timeframe.
- 4. You’re still not making full use of the Internet.
- 5. You have gaps between front-end and back-end systems that are plugged by unsatisfactory customized solutions.
- 6. The software inhibits users from completing tasks.
- 7. You have multiple, non-integrated information stores.
- 8. Your system does not provide adequate internal controls to meet new government requirements.
- 9. Support costs have risen.
- 10. You have to hire new accounting personnel every time you acquire a new company or experience organic growth.
What to do next
Establish starting points for efficient financial management. The software, technology, tools, and expertise to grow your business organically and in your timeframe are available now for small to mid-size businesses. Financial accounting packages and enterprise resource planning (ERP) systems are available with very robust functionality. In the past, this functionality was only available to large organizations that could spend millions of dollars on their information technology systems. Today, there are packaged solutions available for companies of all sizes to run their accounting, HR, purchasing, asset management, sales, inventory, and other functions according to specific company and industry needs. If you need to comply with regulatory requirements such as those of the Sarbanes-Oxley Act, there are applications available that can assist you in realizing compliance in a cost-effective manner.If you are not certain how to start evaluating your business software requirements, Kraft Enterprise Systems can help you establish a reliable roadmap for the business management infrastructure that’s best for you. We can help you set goals and identify your business requirements. We can also help you translate those requirements into practical business technology that will support the accomplishment of your objectives.
Kraft Enterprise Systems, LLC is a full-service consulting firm specializing in the selection, implementation and support of financial accounting systems, including Epicor Software, Microsoft Dynamics and Sage Software.
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