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5 signs you've outgrown your current business software
Maintaining accurate real-time financial and accounting data is vital to your company’s success and its ability to grow. An inadequate financial system is a major factor contributing to business failure. Recognising these 5 signs is your first step to aligning your software with your business strategy.
Poor reporting capabilities
- Are reports difficult to generate?
- Are they time consuming to run?
- Do you have access to ‘live’ up to the minute real-time data?
- Are you still manually exporting to excel for analysis purposes?
- Can you create new reports if required?
- Can you unlock the value of your data to make accurate forecasts for the future?
- Do you have seamless access to data to support a more efficient and robust decision making process?
Usability poor and insufficient functionality
- Are staff frustrations and complaints rising?
- Is your software inhibiting users from completing tasks?
- Are you entering the same data more than once?
- Can you maintain effective stock levels to maximise profit margins and manage your cashflow?
Inadequate Customer Relationship Management
- Are you unable to effectively communicate with your customers?
- Are you able to fulfil request for statements/invoices to be sent via email?
- Can you access vital customer sales information at order entry?
- Can you target special offers or marketing campaigns to different categories of customers?
- Can you manage your customer credit terms and debtors days?
Outdated Technology
- Are you still working on a DOS system?
- Have you had bespoke work carried out and are now unable to update your system?
- Are you able to modify your software to facilitate changes in your business operations (e.g. pursuing new markets)?
- Are you confident in the security of your data?
- Have you got the ability to back up your data online?
- Are you using the Internet effectively? Can you carry out business electronically?
- Do you find staff are downloading software to bridge gaps in your software capabilities?
Insufficient Support Services
- Have your support costs risen significantly?
- Are your support issues dealt with efficiently?
- Have you got access to local support services from front line support personnel to the development team?
- Have you got access to a host of useful tools and resources to help you utilise your software solution more efficiently i.e. hints/tips or Support FAQs?
If you are experiencing any of these issues you are a good candidate for a new accounting and business software solution. The return on investment from implementing a solution tailored to your specific needs can be very attractive.
If the cost involved is holding you back, then take a look at ‘Justifying Investment in Software in Tough Times’. It will help you justify the business case for adopting a new software solution and aligning it with your business strategy.
Request a 'no obligation' demo here.