How Will You Know It’s Time For a Finance System Upgrade?
Basic financial capabilities are holding you back.
You have duplicate data which needs to be managed by multiple people, across several platforms. You’re still relying on manual processes which are causing an upturn in human error and there is no unity when it comes to your data across accounting, sales, purchasing, inventory, projects and customer interactions.
Your payroll is growing.
Some of the smaller, more basic accounting software’s will support a certain number of employees. But now that your business is growing and you’re exceeding that limit, you will now have to rely on manually processing payroll activity, which can be extremely tedious and time consuming.
You’re not gaining enough insight from your reporting.
Reporting and analytics is critical when it comes to gaining a deep understanding of your business. Each team requires different data for their own individual needs. Your teams need access to all of the information they require to help them excel in their roles and drive the business forward and you might find that your current systems are no longer up to the job.
You’re opening new locations, but it’s becoming difficult to manage.
From new office locations to warehouses, once you start growing it will be vital that you have a finance system that can keep up with that growth in order to maintain transparency of processes, stock and reporting. Once you grow, you don’t want anything to slow that momentum, certainly not software that can’t work with multiple companies, locations or currencies.
There’s a lack of personalisation.
You may be able to make minor adjustments in your system, but sometimes it’s just not enough. You don’t want to have to pay an arm and a leg for every bit of development when it comes to personalisation and development. You need a system that will grow with you as you do.
These are just some of the things that you might have started to notice which are holding you back. Once they become an issue for you and your teams it will be time to consider an upgrade. But what to, exactly?
Looking For an All-in-One Finance and ERP Solution?
Microsoft Dynamics 365 Business Central may be the one for you.
Microsoft Dynamics 365 Business Central is the business management solution powered by Microsoft. Combining financials, inventory, operations, and project management with your purchasing and sales, and easily integrates with the Office 365 suite to get complete visibility and improve business processes.
It provides powerful accounting and supply chain management functionality to small and medium sized business. Completely cloud based, Microsoft Dynamics 365 offers all of the flexibility required for a modern business along with exception levels of functionality to manage the key areas of your business.
Find out more about all of the Business Central product features which are available right out-of-the-box.
