Blogs

As your business grows, it will outgrow its software – your new needs will no longer be met with small business accounting software – and it will be time for an enterprise resource planning (ERP) system. An ERP system is integrated business management software that manages data across multiple business activities, including accounting, project/service management, inventory control, human resource management, timekeeping, customer relation management, ad-hoc/dashboard reporting and much more.

An investment in an enterprise resource planning (ERP) system may be one of the best investments a small business can make. ERP solutions are no longer just for large companies; as the costs have come down, it’s easier than ever for small and medium-sized businesses to operate similarly to – and compete with – larger enterprises.

Here are ten reasons to move away from your small business accounting software:

You've grown your business to its current state with basic software, and that's great – but as you continue to grow in both size and complexity, you'll need to find an accounting product that can "stretch" to provide for your new needs. With so many products on the market, it might seem overwhelming, but we have a few recommendations to help you find the best accounting software for you.

Whether it is company growth or the annoying accumulation of system inefficiencies that serves as a catalyst, you're at the point where you realize it's time for a change. And there's great news: with the tools and resources currently available, upgrading your system is less intimidating and less expensive than you think.

Many people see the world in a very black and white way. There is a right way to do something, and a wrong way, and for some, it's very difficult to deviate from those standards into a more gray area. This attitude is true even in the business world. Despite the fact that technology is constantly changing and staying ahead of the competition requires new and inventive strategies, some business owners have a hard time moving away from traditional business practices.

What do Canada’s most successful businesses do differently than the less successful businesses? Why do even successful businesses run into financial difficulties that, if unresolved, can lead to failure?