According to a recent survey, more than 90 per cent of consumers said they would consider taking their businesses elsewhere rather than work with a company that uses outdated technology.
Customers are becoming more intelligent, and their preferences are ever-evolving. To keep up with this change, you need to stay updated with the latest technology. You need technology that simplifies the process of doing business with you.
Take a closer look at your current technology if they’re meeting the growing demands of your customers. Importantly, your accounting software, since it controls one of the most fundamental areas of your business.
Is your current accounting software risk compliant? How efficient is your accounting system? These are some of the questions you’ll ask when analyzing your accounting platform.
Here are seven signs to help you audit your accounting software. If you recognize any of these signs, the time has come to make a change.
- We waste too much time dealing with multiple systems that can’t talk to each other.
- Manual processes are error-prone and can’t keep up with increasing demand despite added headcount.
- Creating and configuring reports is too complicated and often doesn’t give us the information we need.
- Incomplete or incorrect information creates customer dissatisfaction and lost sales.
- Increasingly stringent compliance and security concerns keep you up at night.
- Productivity is lost by spending valuable time switching back and forth between multiple applications and disconnected systems.
“As we grew, the business became more complex. We needed a different, more scalable solution, particularly around the stock. We needed to have a real-time view of the entire supply chain; to look at orders and to account for inventory on a daily, or even hourly, basis.” – Mark Thomas (Client Story)
The Signs are clear, now what?
Now you know, it’s time to work on replacing your accounting software if it no longer meets the growing needs of your business. The next step is to seek a technological solution that connects your entire business and provides an accounting solution best suited for your business.
During your consideration, allow me to introduce Microsoft Dynamics 365 Business Central to you. A comprehensive management solution for your business. With Dynamics 365 Business Central, you’ll be able to efficiently process integrations with other platforms, resolve order processing issues, replace outdated software, resolve data duplications, and reduce excess inventory.
Aside from being a complete accounting solution, Dynamics 365 Business Central is an Enterprise Resource Planning software that equips a business for success – from start to finish. It has many other business functionalities like supply chain management, project management, reporting and analytics, human resource, operations management, and service management.
To know how Business Central can work for your business, click on the button below to book a free demo.
