{"id":367818,"date":"2020-01-24T07:19:07","date_gmt":"2020-01-24T05:19:07","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=367818"},"modified":"2020-01-24T07:19:07","modified_gmt":"2020-01-24T05:19:07","slug":"how-to-test-if-youve-outgrown-your-accounting-software","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/367818\/how-to-test-if-youve-outgrown-your-accounting-software\/","title":{"rendered":"How to test if you\u2019ve outgrown your accounting software"},"content":{"rendered":"<p>As your company expands, it is likely that you will outgrow your systems.<\/p>\n<p>This includes your accounting software, which is generally limited to a specific size and complexity.<\/p>\n<p>It is crucial that your business has accounting software that suits its needs \u2013 meaning that it is worth checking whether your software needs to be updated.<\/p>\n<ul>\n<li><a href=\"https:\/\/hubs.ly\/H0mHMjc0\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Click here to download SYSPRO\u2019s whitepaper on whether you have outgrown your accounting software<\/strong><\/a><\/li>\n<\/ul>\n<p>Here are ten signs that you\u2019ve outgrown your accounting software, and should consider replacing or upgrading it.<\/p>\n<h3 class=\"my-4\"><strong>1. Manual operations<\/strong><\/h3>\n<p>If your employees are having to enter their data both into the accounting system, and another system, it is a good indicator that your accounting system isn\u2019t effective at taking care of all your requirements.<\/p>\n<h3 class=\"my-4\"><strong>2. Your system can\u2019t handle an upgrade<\/strong><\/h3>\n<p>If you\u2019ve begun considering using specialised technologies that will improve your processes, but your current software can\u2019t integrate with these technologies, your business growth is being stunted by your accounting system.<\/p>\n<h3 class=\"my-4\"><strong>3. Poor financial systems are costing your profit and productivity<\/strong><\/h3>\n<p>If you don\u2019t have a comprehensive and effective accounting system, it will likely result in you not noticing areas where you are overspending or performing poorly.<\/p>\n<p>This will result in poor business decisions, and may be holding your business back significantly.<\/p>\n<h3 class=\"my-4\"><strong>4. Complying with industry regulations is impossible<\/strong><\/h3>\n<p>If you can\u2019t keep up with the financial regulations for your industry due to your financial systems, you need to upgrade your systems.<\/p>\n<h3 class=\"my-4\"><strong>5. Poor visibility<\/strong><\/h3>\n<p>If your accounting systems don\u2019t give you a comprehensive picture of your business\u2019 finances, they are not providing you with enough value.<\/p>\n<h3 class=\"my-4\"><strong>6. Delivering customer orders is a struggle<\/strong><\/h3>\n<p>If you receive regular complaints about incorrect pricing and shipping errors, your accounting system may be to blame.<\/p>\n<h3 class=\"my-4\"><strong>7. You have changed your business model<\/strong><\/h3>\n<p>Accounting systems are business model specific. If you change your business model, you will probably need to change or upgrade your accounting system too.<\/p>\n<h3 class=\"my-4\"><strong>8. You\u2019re struggling to manage your materials and products<\/strong><\/h3>\n<p>If you find yourself running out of inventory during the production process, this may be due to your software not having the capacity to provide you with resupplying alerts.<\/p>\n<h3 class=\"my-4\"><strong>9. Production management is a chore<\/strong><\/h3>\n<p>Your accounting systems should include capacity to manage, plan, or schedule your production.<\/p>\n<p>If your production process is strenuous and requires your staff to do tasks manually, this means that your accounting system is insufficient.<\/p>\n<h3 class=\"my-4\"><strong>10. Your positioning relative to your competition is unsatisfactory<\/strong><\/h3>\n<p>If your competitors seem to be operating more efficiently and professionally, your accounting systems may be inferior to theirs.<\/p>\n<h3 class=\"my-4\"><strong>The SYSPRO advantage<\/strong><\/h3>\n<p>If you\u2019ve come to the realisation that your accounting systems need upgrading, you will need to find the best solution for your needs.<\/p>\n<p>There are many considerations when coming to such a decision and choosing the right solution will bring massive benefits to your business.<\/p>\n<p>SYSPRO is a global independent provider of industry-specific ERP software, making it a great choice as an accounting software partner.<\/p>\n<p>It is expertly equipped to simplify your specific business type\u2019s complexities, thanks to its industry-optimised software solutions.<\/p>\n<p>SYSPRO touts its simplified approach to technologies, expertise across a range of industries, and commitment to future-proofing its clients\u2019 success as some of its biggest strengths.<\/p>\n<p>SYSPRO has released a whitepaper which walks you through the process of assessing your current accounting software solution, defining your requirements, and learning what to look for in a vendor.<\/p>\n<p>The whitepaper also offers insight into best practices and includes several success stories as inspiration.<\/p>\n<p><a href=\"https:\/\/hubs.ly\/H0mHMjc0\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Click here to download the whitepaper.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is crucial that your business has accounting software that suits its needs.<\/p>\n","protected":false},"author":57,"featured_media":367820,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[14205],"class_list":["post-367818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-syspro"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/367818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=367818"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/367818\/revisions"}],"predecessor-version":[{"id":368014,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/367818\/revisions\/368014"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/367820"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=367818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=367818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=367818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}