Home » FREE Guide – 5 Reasons To Change Accounting Software And How To Review Your Current Package

5 Reasons To
Change Accounting Software

…And How To Review Your Current Package

Free Guide For Finance Managers, MDs & Decision Makers

HBP Systems’ complete guide to assessing your current accounts software and making the decision of whether it’s still right for you.

In The Guide:

5 Reasons To
Change Accounting Software

…And How To Review Your Current Package

Free Guide For Finance Managers,
MDs & Decisions Makers

“How To Choose The Business Management Software” is HBP Systems’ guide to finding & choosing a business management/accounting solution that meets all your business’ current needs and future requirements:

In The Guide:

  • Discussion on your current in-house business/accounting software.
  • Discussion on whether it’s still the right choice for your business – now and in the near future.
  • Advice and awareness of what you should be asking for you software.
  • Discussion about the eradication of “Excel Creep”.
  • Easy-to-use action plan for scoping, researching and budgeting the right solution for your business – remember it’s personal and it need to be right for you.

Here are the top 5 reasons for changing from your current accounting software:

Excerpt From The Guide:

Here are the top 5 reasons for changing from your current accounting software:

Excerpt From The Guide:

1. No Longer Fit For Purpose
Did you know that the average lifespan of an accounting software package is around 7 years? Consider how much your business and the technology it incorporates has changed and evolved over that time. Your requirements as a user and the needs of the business are constantly developing so you need to ensure that you’re always adapting to avoid outgrowing the software. If you’ve had your system for a while then there’s a good chance it will be running slower than industry standard. An old system can also open you up to data corruption issues and means you’ll be missing out on a whole host of recent advances in the field that can benefit your business with extensive and contemporary functionality.

2. Better Reporting
Ultimately your accounts package exists to report on the key drivers behind your businesses success; if the software isn’t providing you with detailed, insightful and timely information, then it’s failing. The package you’re using should be able to capture an accurate image of exactly where the business is now and create an extensive forecast of where it’s predicted to be in the future. If your reports are lacking and the analysis you receive isn’t detailed enough to form these insights, then it’s time to upgrade your software. Forming this complete, analytical view of your business will empower you to do more – imagine the simplicity of making business decisions when you know exactly where you’re predicted to be in the future.

3. You’re Suffering From ‘Excel Creep’
If the phrase “We keep that information in a spreadsheet” sounds familiar, then your business may be suffering from a condition known as ‘Excel Creep’. All key information regarding your business and processes (within reason) should be housed within a single database – whether it’s sales, stock, CRM, service management or manufacturing; the power of collated and organised data should never be underestimated. Excel is a fantastic tool but it can be the death of accounts packages if critical information is withheld and housed elsewhere on a spreadsheet. A good accounts package should be concise, easy to use, and should actively encourage the use of one collaborative database – and a good, modern accounting solution won’t make this difficult!

4. Technology Isn’t Being Utilised
Today’s accounts packages are incorporating innovative technology like never before. With features like mobile working, cloud data storage and intelligent reporting; modern accounts packages are upgrading the way the business world works. An outdated solution could be holding your business back and restricting your development. If you fail to harness the power of some of the fantastic technological developments in the industry your business misses out on the function, flexibility and features that working with modern software brings. Being a modern business isn’t difficult – you just need the right software.

1. No Longer Fit For Purpose
Did you know that the average lifespan of an accounting software package is around 7 years? Consider how much your business and the technology it incorporates has changed and evolved over that time. Your requirements as a user and the needs of the business are constantly developing so you need to ensure that you’re always adapting to avoid outgrowing the software. If you’ve had your system for a while then there’s a good chance it will be running slower than industry standard. An old system can also open you up to data corruption issues and means you’ll be missing out on a whole host of recent advances in the field that can benefit your business with extensive and contemporary functionality.

2. Better Reporting
Ultimately your accounts package exists to report on the key drivers behind your businesses success; if the software isn’t providing you with detailed, insightful and timely information, then it’s failing. The package you’re using should be able to capture an accurate image of exactly where the business is now and create an extensive forecast of where it’s predicted to be in the future. If your reports are lacking and the analysis you receive isn’t detailed enough to form these insights, then it’s time to upgrade your software. Forming this complete, analytical view of your business will empower you to do more – imagine the simplicity of making business decisions when you know exactly where you’re predicted to be in the future.

3. You’re Suffering From ‘Excel Creep’
If the phrase “We keep that information in a spreadsheet” sounds familiar, then your business may be suffering from a condition known as ‘Excel Creep’. All key information regarding your business and processes (within reason) should be housed within a single database – whether it’s sales, stock, CRM, service management or manufacturing; the power of collated and organised data should never be underestimated. Excel is a fantastic tool but it can be the death of accounts packages if critical information is withheld and housed elsewhere on a spreadsheet. A good accounts package should be concise, easy to use, and should actively encourage the use of one collaborative database – and a good, modern accounting solution won’t make this difficult!

4. Technology Isn’t Being Utilised
Today’s accounts packages are incorporating innovative technology like never before. With features like mobile working, cloud data storage and intelligent reporting; modern accounts packages are upgrading the way the business world works. An outdated solution could be holding your business back and restricting your development. If you fail to harness the power of some of the fantastic technological developments in the industry your business misses out on the function, flexibility and features that working with modern software brings. Being a modern business isn’t difficult – you just need the right software.

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Related Guides

choose business management software

How To Choose The Right Business Management Software

This detailed guide will help you find and choose a solution that meets all of your business’ current needs and future requirements.

  • Understanding Business Management Software
  • Reasons To Implement A Solution
  • Choosing The Right Solution For Your Business

4 Reasons To Outsource Your IT & What To Look For In A Partner

HBP Systems’ complete guide to finding a 3rd party IT provider – and why you should start looking now.

  • Discussion around the pros and cons of outsourcing your IT.
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