Fast business growth is a good thing, but it comes with its challenges. Often, your accounting system and related business applications are holding you back without you even realizing it. Many feel that, since “this is how we’ve always done it”, there’s no need for a change.
That’s because they don’t know what they’re missing.
That doesn’t mean that every single business needs to upgrade its accounting software. But many do. And we’ve compiled a short list of signs that will help you know which camp you’re in. Take a look at these 5 signs and evaluate your operations. You might be surprised.
Sign #1: Dynamics 365 BC Eliminates Data Headaches
Your business data is at the heart of your company operations. Many small businesses are using accounting software that keeps that data locked away, inaccessible behind virtual, proprietary “walls”. Or it’s only kept locally, living on one person’s computer… and inaccessible when they go on vacation!
Then there’s the problem of merging data for reports. Excel is a great application, but working with manual processes increases the chances for error, and often the numbers are out of date as soon as the report is finished.
Sign #2: App Integration with Microsoft Dynamics BC
Starting small often means acquiring different, purpose-built applications over time as the needs arise. That’s not a bad way to get started. But small businesses reach a point where various apps are in use, and the information within each one overlaps. The apps don’t talk to each other, and the numbers don’t add up.
Sign #3: Buffering
Have you ever had to tell a customer, “Thanks for your patience. The system is a little slow today”? Applications become more complex and thus require more system resources. The demands of cybersecurity and customers’ desire for more features oblige software developers to release frequent updates to their products, requiring more system downtime to install them. And in a multi-app environment, an upgrade may trigger the need to update other systems.
Sign #4: Centralized Document Management with Microsoft Dynamics 365 BC
Not having the supporting documentation that goes along with your business processes can stifle productivity. Contracts may be stored in a folder on a file-sharing service, while customer approval sheets are kept in a proprietary system, and payment receipts are kept on the hard drive of the controller’s computer.
That might work fine with a small office staff, but as your team grows, the web becomes more tangled. Centralized document management becomes essential to keep things flowing.
Sign #5: Threats Identified
Businesses rely on their data for day-to-day operations. Could you imagine coming into the office one day to find all your contacts, financial information, and other critical information erased, or held hostage? What would that do to your bottom line?
Companies are spending more and more money on software solutions to enhance their security. These increasingly stringent solutions sometimes cripple older applications not designed for that level of protection. And everything depends on the vigilance of your IT team or contractor.
What’s the Solution?
If you can relate to any of these five signs, you’d do well to have a look at our latest eBook. It not only explores these signs in greater detail, it also shows you a solid solution to these woes: Microsoft Dynamics 365 Business Central. How can more powerful accounting software benefit your business?
Download the eBook to find out.
At Bam Boom Cloud, we’re here to help you. If you would like to know more about Business Central and how it future-proofs your business, contact us.
By Bam Boom Cloud | bamboomcloud.com
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