As a business owner of a growing manufacturing company, you’ll soon start marketing your products globally. So far, you’ve managed to get by using your old accounting software programs, and even found a web-based add-on to convert your spreadsheets into the different currencies you’ll soon be using.
For sure, your current method is time-intensive, causing many entry errors. Consequently, when you generate a financial report, you’re not completely confident with the results.
But in looking at several accounting software programs, you keep coming back to the same obstacles that stand in your way now: data entry errors, duplicate entries, missing data and therefore, questionable reports. Sure, QuickBooks can be upgraded, or you can get some help in customizing Excel.
Companies struggle in many ways when they rely on legacy programs and applications without realizing their full limitations.
More importantly, and without the ability to analyze all of the data in all of their departments, from the manufacturing line to shipping and distribution, their decision-making is compromised. Just how important is this capability?
Lifehacker provides an overview on the the importance of data to “drive decisions” that help propel a business into the mainstream marketplace:
“… would make sense to ensure that the data we are already capturing as a result of regular business activities is being analysed — and the brutal reality is that in many cases it isn’t. While most businesses will perform what we might call compulsory analytics — financial reporting being the most prominent example — the willingness to engage in more detailed analysis of other data is often lacking.
Accounting software, like the modules that make up Microsoft Dynamics ERP software provides a database management system that also includes a proven accounting software suite.
As a Microsoft Gold Partner in Enterprise Resource Planning we can help move your business, or organization to that next level of success…and profitability. Contact us today.