Why It’s Time to Step Up to Sage Intacct for Business-Class Financial Software – It’s hard to find a business (or a nonprofit) whose first accounting software package wasn’t QuickBooks. Intuit, the company the publishes QuickBooks, had revenues in excess of $6 billion. There is no denying its popularity. But if your business is successful, there will come a time when you outgrow QuickBooks.
The Five Most Common Challenges – Why It’s Time to Step Up to Sage Intacct for Business-Class Financial Software
In a TechValidate study of QuickBooks users who switched to Sage Intacct, these are the top five reasons they made the investment in AICPA-endorsed, cloud-based Sage Intacct financial software. We have seen the exact same challenges from clients who have come to Express Information Systems for assistance in selecting, implementing, and gaining proficiency on new, business-class financial software.
1 – Spreadsheets, spreadsheets, and more spreadsheets
How many spreadsheets are you maintaining? Does every management inquiry or question from the board result in the creation of a new spreadsheet?
One survey participant shared the following, “After spending over one week sifting through massive spreadsheets, we discovered that we had a calculation error in how we had been recognizing revenue for the past three years.” Just reading about it causes shudder – imagine living with it!
Over-reliance on spreadsheets is the accounting equivalent of warning sirens and flashing lights. You need a business-class ERP solution.
2 – Entering information once, twice, three times
Are you and your team intimately familiar with flat files, CSV dumps, or good, old-fashioned rekeying? Manual invoice entry and re-entry is one of the most time-consuming, productivity-killing exercises around. And, like our spreadsheet habit, “invitations to errors and wasted time.”
3 – Limited access to reports and real-time data
Boards, executives, department managers – all of us want to make data-driven decisions. When you can quickly identify problems and fix them; when you can see a trend and optimize profitable opportunities – you are in a position to make a powerful difference in the business. Inadequate systems that require manual and spreadsheet intervention in order to complete needed reporting
4 – Freeze, crash and wait
If spreadsheets are the sirens and flashing lights for change – frequent screen freeze and system crashes become the straw that breaks the camel’s back. At best it’s a game of click and wait as the system struggles to keep up with the volume of information processing. But when you begin to experience regular system crashes, it’s time to change. You are flirting with the likely loss of crucial data.
5 – Inadequate controls around financial processes
The bottom line is that your financial accounting system should be making work life easier – not more difficult. Modern accounting systems are built with powerful automation capabilities and baked in controls.
As the white paper points out, “To accurately forecast your business opportunities and plan proactively, you need an overarching view of operations and the ability to identify process gaps and areas of strength. You can’t do that with a financial solution that limits collaboration, doesn’t provide adequate data controls, and can’t integrate with you other data sources, systems, and applications.”
Express Information Systems can help you minimize the growing pains
We’ve worked with many companies who made the move from QuickBooks to business-class software, including the Texas Stars, Touchstone Communities, and others. We’ll put our experience to work for you to make your transition as smooth and disruption-free as possible.