Efficiency is the name of the game these days. It’s no secret that “doing more with less” is the mantra of almost every business in the US today. In that quest for efficiency, a close examination of the accounting department might be one area that’s been overlooked in the past.
In this excellent article from the Journal of Accountancy titled “Make Your Accounting Department More Efficient”, we learn how to lighten the load in seven ways. Examples include “conduct process walk-throughs”, “establish process metrics” and “reward success”. One in particular caught my eye - it’s called “take advantage of unused system functionality”. The writer states “If you are using any of the mid-to-large-size accounting software packages, chances are you are not using it to its potential...”
Investment in an accounting or ERP system such as Microsoft Dynamics GP can be a big decision. As a business owner, it’s important that you fully utilize the product – and services – you’ve just invested in. If you do, you’ll find that the seven steps to efficiency won’t be daunting at all. In fact, you’ll probably already have them covered!
If your organization is located in Arizona or New Mexico, contact Sherwood Systems for assistance in determining if a technology solution can help your organization better serve your business needs. (877) 943-9696 – [email protected]. By Ed Bonaski, Sherwood Systems – Arizona Microsoft Dynamics GP Partner