Accounting Software Selection Options – Microsoft Dynamics AX Community

Accounting Software Selection Options and making the transition to a new business management/ERP software system is a significant decision for any organization. Chances are the existing basic entry-level system worked well for your business, however, as your company expands your current business system cannot keep up. As with any software that companies outgrow, your requirements must be met to keep up with customer demands and scale for expansion. Keep reading to learn about the benefits of Accounting Software Replacement Options with Microsoft Business Central.

New Business Management Systems Selection:

There are of course numerous ERP Business Management Systems on the market today and making the choice for new Company Software can be difficult. QuickBooks and Entry Level Accounting Software certainly have their benefits and can perform basic and even some advanced functionality well. However, when a company’s performance is hampered by its business management system, it either has to live with and try to manage the software’s shortcomings, perhaps cobbling together potential add-on solutions, or frequently will look for other options to solve these business challenges.

The past decade has brought extraordinary changes to the way we do business. The internet has matured, mobile devices are part of everyday life, and cloud-based solutions have gone mainstream. New trends, enabled by these fundamental developments, are emerging that will further impact your business.

The great news is that the tools that allow you to capitalize on these trends are easier to afford and more powerful than ever before. Technology that was only available to enterprise companies just a few short years ago is within reach of every business. The cloud is removing the barriers, allowing you to compete head-to-head with the leaders in your industry.

What we traditionally thought of as “accounting software” is now labeled “ERP” (Enterprise Resource Planning) to reflect more core solution capabilities that can manage supply chain, operations, reporting, and HR. ERP solutions that integrate with other productivity tools used in your day-to-day work activities can provide the visibility you need to manage, and grow, your business.

Keeping Pace with a Mobile Workforce:

Your employees are on the move yet still connected like never before. Cloud-based business applications make it easier to give on-the-go employees the information they need to stay productive.

Customers expect empowered workers

Today’s customers expect your workers to be connected to the information they need no matter where they are. Calling back to the office to see if a part is in stock or scheduling a visit just doesn’t cut it.

Connect remote employees to information

Online or cloud-based accounting software (commonly referred to as Cloud ERP) allows you to share the information—securely—with the people who need it. When people need information, they rarely need just one piece. They need the whole picture to make good decisions and answer questions thoroughly. With the right tools, your employees can be “in the office” as soon as they turn on their mobile devices. A proven cloud-based ERP solution, your employees can work at peak efficiency to:

• Manage quotes, proposals, and orders from the field on virtually any device.

• Close the deal—from the selection using a product configurator to electronic signatures that finalize the contract.

• Deliver better service with full access to customer history, maintenance contracts, and product knowledge base.

Data is Power and Companies Need Insightful Information:

As technology progresses, one of the most important aspects of Modern Accounting/ERP/Business Management Systems is the ability to extract and understand your business information. This is critical to spot trends and gain a much better understanding of how your business is performing for sound decisions. State-of-the-art Business Analytics solutions exist such as Microsoft Power BI (Business Intelligence).

Microsoft Power BI can provide your organization with insightful, visual dashboards so that both employees and executives can gain a deeper perspective of business operations. This information can be tailored, consumed, and displayed in many different formats to guide your company by providing mission-critical analytical data.

Scale and Empower Your Business:

Making the move from legacy Business Systems and Considering Accounting Software Replacement may also be apparent from a lack of the ability to grow your company. As functionality deficiencies appear to stifle scalability and growth, companies turn to modern ERP Solutions such as Microsoft Dynamics 365 Business Central.

Microsoft Business Central has the power to exceed your financial management requirements, plus connect your entire company by having an all-in-one business solution. Enterprise Resource Planning functionality in Microsoft Business Central is vast from Advanced Financials, Supply Chain/Inventory Management, Sales and Purchasing, Project Management, Service Management, Warehousing, Manufacturing, and More! In addition, companies using this Microsoft ERP Software can benefit from other Microsoft Business Tools, such as Office, CRM, Outlook, and others to complete their solution. Furthermore, online business applications (apps) are also available from the Microsoft AppSource which contains specific business functionalities and add-on solutions.

Next Steps:

Learn more about Microsoft Dynamics 365 Business Central

Download the Guide for Replacing Accounting Software Guide

Contact iCepts Technology Group, Inc. A Microsoft Dynamics 365 Business Central Partner in Pennsylvania

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