You and your enterprise accounting software have been together for a long time. It has seen you through some serious ups and downs and, while it has its flaws, you\u2019ve been happy together — until now.<\/p>\n
You\u2019ve expanded your business through internal growth or acquisition, but your accounting software<\/a> hasn\u2019t kept up. You\u2019re frustrated because you can\u2019t get information out meaningfully. The accounting business has changed.<\/p>\n If you\u2019re seeing some of the problems below, it might be time to consider an upgrade or an entirely new system.<\/strong><\/p>\n Thirty-four percent<\/a> of small businesses don\u2019t use accounting software. If your company is simply using Excel for its accounting, for example, you could be missing out on key features offered by other software. At least 67 percent of accountants prefer cloud-based accounting software<\/a>, and 58 percent of enterprises choose it<\/a>. Most cloud-based accounting<\/a> packages allow you to import and organize bank transactions, track bills, set up automatic payments, and create custom business reports and invoices.<\/p>\n If your software can\u2019t extract data or generate reports, or if you have to manipulate reports in Excel before publishing them, you need a new accounting program.<\/strong> If your software doesn\u2019t do this automatically, you waste time with every report. Only 21 percent<\/a> of small to medium-sized businesses have integrated accounting programs including accounting, invoicing, and payments.<\/p>\n Sometimes, you may need to check a few numbers on your phone when you\u2019re on the move. Having easy access to real-time data updates and approvals would enable you to give this information to associates who need it rather than making them wait until you get to your computer. Numerous accounting packages offer this support, and if your current system doesn\u2019t, it may be time to change.<\/p>\n When you\u2019re constantly creating functions, doing manual reconciliations, or even creating your programs to perform key tasks \u2013 or spending too much money hiring programmers \u2013 you\u2019re burning time, effort, and money doing something you can do automatically with the right program.<\/strong> Accounting programs can often do all this for you, letting you avoid needless programming.<\/p>\n If your accounting software is error-prone, leading to too many calls for technical support, or if your data infrastructure isn\u2019t capable of running it properly, then it\u2019s definitely time to switch to new software. Always calling technical support or fixing problems with your own IT staff takes time, and time is money.<\/p>\n Eventually, software companies sunset older versions to focus on creating new programs. If this is your current situation, but annoying bugs or crashes still occur regularly, a new program is probably the right choice. It\u2019s important to switch as soon as possible when your support halts because, as noted above, unreliable software could cause your organization serious monetary harm.<\/p>\nSigns of Outdated or Limited Functionality in Your Enterprise Accounting Software<\/h2>\n
1. Features<\/h3>\n
2. Inadequate Mobile Support<\/h3>\n
3. Workload<\/h3>\n
Signs of Inadequate Accounting Software<\/h2>\n
4. Too Much Maintenance<\/h3>\n
5. Lack of Support<\/h3>\n
6. Separate Accounting Software<\/h3>\n