The Oakley ERP Blog

New accounting solution: Time for ERP?
Monday May 18, 2015

In the search for a new accounting software a vital question to ask yourself… “Is it time for ERP?”

If you are a business start-up looking for your first accounting software then it might be ideal to look at a few small business packages such as Sage 50 Accounts.

However if you are a growing business that is already using a solution such as Sage 50 Accounts and you are reaching the stage of outgrowing your solution, it is important to consider the warning signs. Typical warning signs include lack of advanced reporting, systems running slow, too many users, and lack of CRM integration, the ability to open and close accounting periods and batch and serial number traceability.

Before making the jump to either new accounting software or an ERP system, the first thing to consider is the functionality requirements of your business today. Potentially your business might have begun operating overseas? Do you have to transact across different legislations and currencies? In which case,an international ERP solution could be the answer.

Of all the different aspects that have a bearing on the direction to take, there are a number of driving forces towards ERP and a number of challenges towards the change management.

However one thing is likely to be true in all of this and that is the fact that Excel Spreadsheets and small business accounting software are not designed for heavy use or as a substitute for ERP. It is the breaking point that a tiered ERP solution is required to not just promote better business practice, but also helps make your business more social with CRM and work smarter with Business Intelligence data and reporting.

In choosing the right ERP solution to scale out with your business here are 5 tips to consider that we recently published with Accounting WEB.

  1. Evaluate your current business processes (this can be carried out jointly with an ERP partner)
  2. Identify the ERP solutions to consider – Global or Domestic?
  3. Arrange demonstrations to view the products and be sure to prepare questions
  4. Consider the deployment options – if you want a low tech setup then a cloud solution might be better. Or if you rather the On Premise deployment check this is available with your hardware setup.
  5. Ask for references from your ERP partner

If you follow these steps then you can get a better understanding of the ERP project you may be about to embark on, while feeling more confident in the fact you are making a weighed up decision.

You are welcome to contact us for advice to the next step; we are a leading Sage Business Partner that has helped companies of all sizes with the jump from small business accounting to Sage ERP software. Call us on 01268 724005 or email sales@o-net.co.uk

Written by David Weaver at 00:00

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