Would you wear clothes from high school to work?

They’re tight. They’re uncomfortable. They’re out of style. They’re not in keeping with a professional look. Yes, they served you well many years ago. They may even be in fine shape. But it’s time to move on. You need something that fits you and fits the part.

Financial accounting software is the same. You need something that fits the business and fits the part. There’s no denying that entry level accounting software like Peachtree and QuickBooks can serve a business well for many years. But over the course of years, the business changes, it grows, it faces new demands.

Is it time for your business to upgrade to a new financial accounting solution? Here are some questions to consider:

  • Does your team spend a large amount of time outside of the accounting system, using spreadsheets, to get at critical business information?
  • Are you increasingly having trouble providing your management team and other stakeholders with the information they need in a timely fashion?
  • Do you need to manage complex requirements like revenue deferral and recognition?
  • Would your teams and their managers benefit from integrated mission-critical systems like sales force automation, professional services automation to avoid rekeying data and the errors that come with duplicate entry?
  • Would be an improvement if your system could handle your multi-currency and multi-entity requirements as you add locations and do business in multiple currencies?
  • Are you looking to attract venture capitol funding?

If you’ve answered “yes” to most or all of these questions – you’ve outgrown your accounting system.

The organization’s we’ve worked with faced all the same problems and when it came time to evaluate new solutions, they also wanted to explore whether cloud-based, Software as a Service (SaaS) would make sense. As long as they were upgrading features and functions – why not evaluate the advantages of cloud computing?

In addition to solving the problems they were currently facing, they felt that cloud-based financial accounting solutions like NetSuite and Intacct, gave them an additional slate of benefits such as anytime, anywhere access (no more goofing around with clunky VPN connections), top-notch security and disaster recovery, and freedom from the expense and maintenance of additional servers and other network concerns.

But far more than cost savings, what our clients benefit most from is integration –having their systems working in a true service resources planning (SRP) mode for the first time.

If you are struggling with your current system and would like to examine upgrading to the cloud, we’re here to help.