How to ensure your business management solutions are investments

Mar 30 2016
POSTED IN Best Practices

 

Every company whether small, medium, or large should be looking seriously at investing in an accounting system.

erp-investment

In my experience as an ERP Consultant, all too often I come across clients who are still using Excel to run nearly every facet of their business. When I ask what the reason for this is, many share “Because we have always done it that way”.

This may have been fine when a company first starts out, but quite conceivably most businesses are not the same as they were 3 years ago, let alone 10 years ago. Enterprise Resource Planning (ERP) solutions should be viewed as investments and not costs.

Manufacturing companies look at tools or machines as something that will produce an item with a tangible dollar value; so should companies look at ERP systems in the same way. ERP adds value to companies by Improving Slow Profit Leaks and reducing expenses through business process re-engineering.

Whether you are a start-up, growing steadily, or in full growth mode, every 3-5 years you should be reviewing your ERP system to see if it is facilitating or hindering your growth. An ERP/accounting solution is the very backbone of every strong business.

Are you sure your ERP system is working hard for you? Give us a call at 1-866-320-8922 if you want to learn more!

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