At the beginning of any startup business, entry-level accounting software typically works with simple business processes to manage. Fast forward to a couple of years later and sales revenues are skyrocketing, more transactions need to be processed and inventories need to be closely monitored even more. Your business demands the capability to be able to manage more complex processes, with better visibility into your operations.
If you find yourself experiencing some of the signs below, your current accounting software might be hurting your business more than you know.
#1 Slow performance
We hear this a lot when meeting customers. They complain about how long it takes for the system to respond or how it crashes in the middle of a report they need to run. Your entry-level or legacy ERP system is most likely designed not for the volume of transactions that you are managing now. As the business grows, there is a surge of information plus the growth of your database, which leaves your current software simply unable to keep up.
Having your people deal with slow performance every day causes a lot of unproductive hours that you can never take back and costs you more than you can imagine. Needless to say, you can address it with a system that can scale with you as your business grows.
#2 Not enough visibility
Your current ERP system’s available reports no longer serve the kind of visibility that you need. Compiling reports and research take days to complete and more reports are being manually created. Managing and keeping track of inventory is becoming a pain. Do these sound familiar?
Apart from the impact on your overall productivity, it also hurts your ability to make informed decisions at the very moment you need it most. Newer ERPs have built-in reports that you can quickly access to provide you with detailed insight into your financial data. Some can even be integrated into self-service third-party reporting and analytics tools to make data analysis even simpler and a lot easier.
#3 Difficulty accessing data
Is secure access to your ERP wherever you are, whenever you need a problem with your existing system? Does it not support a mobile workforce? With the advent of cloud-based ERPs and BYOD (bring your own device), having the ability to securely access your data anytime, anywhere, on any device seems like a basic requirement now for most businesses. If your system doesn’t support that, then you are missing out on the benefits of further taking your team’s productivity levels a notch higher. Having the convenience of being able to process orders, payments or inventories in a hotel, cab or on a plane ensures that your company doesn’t miss out on opportunities.
#4 Less business productivity
Does your accounting software provide you with limited integration opportunities? Do your people need to open or juggle various programs to perform their jobs (Excel, Gmail, QuickBooks, etc)? In a world where businesses operate at the speed of now, using tools that seamlessly integrate with your other business-critical apps will mean more productive hours for your people. Integrated apps for your email (Outlook), worksheets (Excel), accounting software (Business Central) and more will save you time, reduce human error, and simplify your daily processes.
Do any of these signs ring a bell?
Your business doesn’t have to suffer any further. If your organization is experiencing a couple of these warning signs, then it may be high time for you to ditch your old software and seriously consider making a switch.
Systema Solutions has been helping organizations transition to a new ERP solution successfully—be it on-premises or in the cloud. With over twenty-five years of combined experience of its teams of senior technical and functional Dynamics 365 Business Central and Dynamics Business Central consultants, we have made our projects 100% successful!
Don’t wait for any further to let these red flags further do any more damage to your business. Sign up for a no-commitment consultation with one of our senior consultants to see where Systema Solutions can help.