Is your accounting system stunting your business growth?

In a recent study conducted by Loudhouse sponsored by NetSuite, 69 percent of company leaders identify growth as their top priority. According to the study, basic accounting systems can restrict business growth in seven key ways:

1. Scalability

On-premise solutions can hold companies back because they’re unable to quickly scale to achieve growth targets.

2. Always-on access

Remote-access is a must as any authorized company stakeholder should be able to access information across all devices.

3. Real-time data

The ability to see real-time data greatly influences day to day decision making, helping managers make the best possible, most current decisions.

4. Sharing data

Providing data to users across the organization is great for strategic planning, but should be done securely and with appropriate access.

5. Simplicity and efficiency

Completing simple tasks should truly be simple and efficient without having to toggle between three different applications to accomplish one task.

6. Easy compliance

Comply with regulatory requirements by finding an accounting/ ERP solution that will accurately map to business processes.

7. Quality

Make sure that your organization chooses a solution that every user can rally around.

If you’re interested in learning more about how your accounting system may be holding your business back, download the complete ebook.