“The good news is that our company continues to expand and take on numerous new customers. The bad news is that our current accounting software can’t handle it.”
If you have experienced that sweet/bitter moment, you know how it feels. If you have been fortunate enough not to experience it, you should start planning now to make sure it never happens. ERPSoftwareBlog has released a white paper, 15 Red Flags: Is Your Accounting Software Hurting Your Business?, that can help you look for some of the red flags that indicate your once-reliable accounting software has run its course and needs to be replaced by an ERP system with more depth.
The white paper highlights examples of real organizations, in a variety of industries including manufacturing and distribution, banking and finance, energy, healthcare, retail, professional services and non-profits. Each one has reached a point where they must either upgrade to an ERP system or watch the business or non-profit they created crumble around them.
And these are not just hypothetical. Each entry was submitted by a Microsoft Dynamics ERP partner, working with companies like yours every day.
Here are two examples from the white paper.
- A boat manufacturer rowing upstream - Business was going well for this boat manufacturer as it experienced a steady increase in sales volume. Eventually, however, that volume became too much for its accounting software’s database to handle. The software’s users began to experience slow downs and even complete freezes. As a result, users and customers began to lose faith in the business process, and the integrity of the company’s data was called into question.By migrating to Microsoft Dynamics ERP, the boat manufacturer saved its business from impending doom. The robust ERP system, backed by a solid SQL database, eliminated freezes and lag and gives the company room to continue growing.
- A non-profit in need of money - This non-profit needed grants and made the decision to apply for several. Unfortunately, its accounting system was not GAAP compliant. The would-be benefactors did not have confidence in the non-profit’s financial governance and level of transparency. The organization had no controls on posted transactions, no audit trail, and no way to produce reports with government compliance. They could not meet grant requirements or prove its fiscal responsibility to its own board.Enter Microsoft Dynamics ERP. Now, this same non-profit was able to introduce controls supporting transparency and sound governance. They can now limit a user’s access to only the screens within the system that they need. They also now have audit trails at every step of a document’s journey throughout a transaction.
These are just a couple of examples of organizations that overcame the limitations of their accounting software by upgrading to Microsoft Dynamics ERP.
You can read more by downloading the white paper: “15 Red Flags: Is Your Accounting Software Hurting Your Business?” at www.erpsoftwareblog.com/15flags
By ERP Software Blog Editors, Find a Dynamics ERP Partner