Why Cloud-based Accounting is a Game Changer

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Everyone seems to be talking about “the cloud” these days. One term you may not be familiar with, however, is cloud-based accounting. What was once strictly Silicon Valley lingo has quickly become mainstream as software companies seek to remain competitive by building cloud-based computing solutions of their own. Accounting software companies have started to build their own cloud-based programs, and they’re starting to revolutionize the way accounting departments work.  Should your company consider upgrading to a cloud-based accounting software? If you’re still unsure, consider some of the following benefits they offer. 1. No Need to Be in the Office Most of…

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Start Your Software Selection Process Here

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More often than not, companies fail to ask the following question until it’s too late: Do we have a software selection process?  We’ve mentioned in the past how quickly business software can become out of date and slow your company down. But when the time comes to replace their old software, many companies find themselves in a pinch. There are just too many options out there to consider and a limited number of hours in the day.  As is the case with all of the other systems within your business, you need to have a routinized software selection process. The…

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Don’t Lose Track of Your Fixed Assets

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Your company’s fixed assets are one of its most important resources. They help your company generate revenue and can prove valuable when it comes time for your company to pay its taxes. How are you keeping track of them? If you aren’t already, it’s time to start thinking about it. After purchasing a new fixed asset, your company has two options. Your accounting team can either write off the entire purchase cost of the asset that year or write it off over is expected lifetime value. It may sound easier to simply write off the purchase during the year of…

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We Have A Solution for Your ERP Implementation Issues

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Your company’s management team is dead set on purchasing a new ERP system. They’ve begun compiling a list of potential vendors and have started looking at just how big of a project they can fit into the company budget. Everything seemed to be going smoothly until, suddenly, an executive asks: “Do we know what the ERP implementation process looks like?” Change is never easy. Employees become used to their daily routines. Business processes shift from being best practices to “the way our company has always done business.” The ERP implementation process is no different. The benefits of the new system are…

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Don’t Purchase an ERP System Without Consulting These Leaders

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It can at times be hard to decide who at a company should own selecting and implementing new ERP system.  Technically, it should fall under the purview of IT. After all, software is a type of information technology. But new technology won’t be effective if it doesn’t align with the company strategy. The truth is decisions concerning business software in general and ERP systems in particular shouldn’t be siloed. Who should be involved, then? It depends on the size and structure of your company. Whose Job Is It, Anyway? Before you begin creating a software purchasing process for your company,…

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Here’s Why Your Company Should Use an ERP System

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Now more than ever, companies look to compete through the use of cutting edge technology. At times, however, the sheer number of programs used within one company can become overwhelming. One way of sorting through the complexity brought on by modern business technology is through the use of enterprise planning resource software (ERP). ERP’s consolidate the systems your company uses to manage functions such as inventory management and accounting into a single interface, offering your managers critical insights that they would have otherwise not had access to.  But if you’re still wondering why your company should use an ERP system,…

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