The 5 signs telling you, you need a new accounting software


Posted on 01 August 2017 at 14:52 UK time


Technology upgrade

 

Tracking all of your financial and accounting data used to be easy, using the power of excel spreadsheets was all it took. Then, your business grew, leading you to invest in a form of software accounting tool. But now, as you continue to grow, so does the need for better organisational tools.

Customers are becoming increasingly accustomed to instant-access, self-service and multiple buying options. So now more than ever before, you need to be able to give your people the right tools they need to get the job done, where key information lies at the forefront of their goals so they can delight customers, grow sales and keep customers coming back time after time.

HOW THINGS HAVE COME TOGETHER

The current situation

You’ve finally reached your limits.

Purchasing a small business accounting software does exactly what it says on the tin. But, you need more from a software now. The number of concurrent users, stock items, transaction volumes, foreign trade reporting and currency transactions (to name a few) has increased, and you’re reaching the absolute limit of your current small business software.

Record keeping is time consuming.

As business grows, so does the amount of information that you need to keep track of. This has become tricky, because you can’t locate all of the information let alone ensure it is accurate. This makes keeping track of company finances an incredibly difficult and slow process.

You’re falling behind the technology times.

It’s all about instant access to real-time data regardless of location and regardless of device, independent of operating systems (Windows, iOS, Android). Your people should be able to view what they need on the go, anytime, anyplace and anywhere. But your current system just does not integrate well enough with other technologies or business applications to do this efficiently.

You’ve briefly spoken about upgrading on more than one occasion.

You’ve been told you need to upgrade your current system on more than one occasion whether that’s from your accountant, financial manager or IT manager, and it’s come to the point where you’re finally ready to consider it. Usually if you’re being told this, it means that your current system is holding you back from further growth and expansion.

You can’t find the information you need

Not all of your data is in one place, it is spread around separate systems - with little or no control over how the information is recorded. This can make general versions of the “truth” and consolidating data a slow, manual process.

 

The NAV solution

Implementation

Cost, risk and downtime associated with ERP implementations may be preventing you from upgrading your current business management system. Also the cost and time required to deploy and manage the IT infrastructure.

The solution - Faster ROI and minimal downtime – be up and running in hours or days, not weeks and months. Reduced risk by having the ability to host in the cloud using Microsoft Azure – enterprise class scalability, security and reliability. You chose your deployment – on premises or in the cloud.

Usability

Doubts about the cost and time required for employee training. The total value of end-user adoption and productivity. Needing to enable a mobile workforce and on a wide variety of devices.

The solution - Faster end user adoption - Same look and feel as Office applications – Familiar interface with minimal training = lower costs. Increased productivity with role-tailored interfaces, keeping your people connected, informed and productive. Finally enhance communication to your mobile workforce via the NAV web app.

Support

Your existing systems can’t meet growing business and IT demands. There is a need for reporting and business intelligence across all aspects of the business. With the worry of constraints of “one size fits all” cloud offerings.

The solution - Grows with you and your business – accommodates growth and increased complexity. Leverage industry specific solutions. With the ability to analyse all data with rich reporting and business intelligence tools – increased efficiency and control across the whole business. Integrate existing data sources such as suppliers, customers and financial institutions.

To learn more about Microsoft Dynamics NAV, read Is NAV right for me and my business?Increasing role productivity and 8 reasons to finally do that upgrade.


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