Gearing up for finance cloud?
Making your job easier is what any business software is all about. But it all depends on your choice of application and if you don’t choose the one that comprehensively works in your favor, you might end up ditching it sooner than ever. ERP software is no different. It is important that you go for a finance cloud that consists of all the functionalities that you’re looking for!
ERP software is generally used to reduce the redundancy involved in manual bookkeeping of all the business processes. This includes your sales, procurement, human resource management, Customer Relationship Management (CRM), business intelligence, accounting, production, and distribution, etc among the other processes that you might have in place.
It’d save a lot more money, time, and energy if you go for the right option among the million providers that you have at your disposal. We would strongly recommend that you go with custom software if you are looking at a bigger scale of usage since it’d be more adapted and suited to your requirements.
Now, what should you look for in an ERP application?
1. Features and functionalities
A good software package that is designed for accounting-specific usage should include proper modules for asset or inventory management, billing, payroll procession, tax preparation, profit and loss assessment, liability reporting, balance sheet tallying, etc.
All of these and a lot more might be something that you need with the application that you bring into a routine for the accounting side of your business to make things a lot more efficient and easier.
The on-the-go nature of accounting software and the ease of accessibility that it offers across different devices. Every software is now programmed and optimized for mobile usage. This would help your authorized personnel used it on the go as they close sales and want to update the transaction remarks. The sales cloud side of your accounting software might be of immense usage in reducing even the slightest of errors by updating things then and there.
UI/UX is a prominent factor of any software that you are on the lookout for. This would drastically encourage a seamless adaptation by your employees and you can also navigate through different sections of applications to find what you are looking for at ease.
3. Easy adaptation
There might at least be one of the systems that you have had in existence before you decide to put your foot down to switch to digital means by employing software in place. You should ensure that your old school ways are not drastically turned upside down but rather the crux of it are transitioned even in your new ways.
All the different branches of your business will be involved in ERP software and hence you should make it easier for everyone on the house to adapt to the new modules without having to take much time. Ensure that your service provider presents you with proper training or demo before handing the application over for end-usage by your employees.
4. App support and maintenance
It is easier to find an application and pay for the subscription plans for the number of employees or user logins that you want. But the crucial part comes into play only after you encounter your first difficulty. Continuous application debugging, security updates, functionality or feature tweaks, minor/ major upgrades are all important at appropriate time intervals.
5. Scaling flexibility
Have a futuristic vision for your application that will help in improving your productivity for the years to come. Your application should be programmed and code in such a way that it offers a lot more avenues for future technology add-ons to stay on top of innovation. A system that can help you with constant improvements can keep you ahead in your game and help you stay ahead of your competitors even after years.
6. Going for the right implementors
All you need is a company like iTrobes to help you with the complete implementation of the software that you’re looking for. There are a lot of obstacles and challenges that are going to come your way and you need a reliable partner in place who can help you navigate through all of those out. Especially when it comes to the HRMS cloud, there will always be one problem or the other that keeps coming and the quicker you solve it, the more efficient will be your overall operation flow.
7. Budget planning
Software adaptations are a costly affair. You really need to think about your budget and fit all the functionalities that you need on priority under this. Although custom software development might open up a lot of benefits for you, it can shoot up the cost involved through the roof. It also depends on the vendor that you hire in place for your finance cloud development.
8. Look for references, reviews, and testimonials
If you are going for any off-the-self application, it is important that you understand the performance of the software in place even before their adaptation. Look at your competitors who are using any ERP software in place and ask them for performance reviews. Surf around to compare different alternatives and find a solution that works for you.
Ask for expert advice before you make a concrete decision. They’d guide you with further direction in areas that you don’t previously have a lot of expertise in. At iTrobes, we can help you with everything you are looking for in ERP software with a lot of options including the sales cloud and procurement cloud. Get in touch with us to get started right away!