Has your company outgrown QuickBooks - PowerPoint PPT Presentation

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Has your company outgrown QuickBooks

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Good news! Your business is growing, and you are taking a closer look to see if your current systems are the right ones to help scale your business into this next growth phase. – PowerPoint PPT presentation

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Title: Has your company outgrown QuickBooks


1
HAS YOUR
COMPANY
OUTGROWN
  • QUICKBOOKS?
  • Good news! Your business is growing, and you are
    taking a closer look to see if your current
    systems are the right ones to help scale your
    business into this next growth phase. Some signs
    that you have noticed QuickBooks might not be as
    helpful are obvious, however there are other
    signs that you may not even realize that could
    be making an extremely negative impact on your
    business Its important to know what signs to
    look for and begin planning your next steps.

2
1 OVER-RELIANCE ON SPREADSHEETS WORKAROUNDS
Does it take too long to bill clients? Is it
difficult to determine your true cash balance?
Your business requires more complex financial
tools that are not available in QuickBooks and
are using other means to fill that gap. Examples
consolidating multiple financial reports by hand,
manually tracking your teams hours and
performing time-consuming manual financial and
inventory processes. 2 USER STORAGE
LIMITATIONS QuickBooks enterprise only supports
up to 30 users, while this may be a fit for a
growing business, it places a cap on how much you
can grow. The first software purchases are often
based around the need for a simple way to manage
accounting and financials, in this case -
QuickBooks makes sense. However, with limitations
on the file sizes, the data and the user
limitations, QuickBooks could actually hinder
your organization. A modern ERP shouldnt limit
your growth.
3
3 DIFFICULTY ADAPTING TO NEW BUSINESS
REQUIREMENTS
The business environment is changing at a rapid
pace and your company needs to be able to
readily adapt to the market. QuickBooks Issues
limits you to only your basic accounting needs,
but your business needs greater
capabilities. 4 DUPLICATED ENTRY IS A SIGN
YOU ARE LIVING IN THE PAST If you are manually
importing data from outside systems (like custom
billing/payroll entries) a certain number of
manual processes like data entry is common for
small businesses, but as the company grows, these
practices can be a pitfall consuming more time
and resources and leaving room for user error.
Stop wasting your valuable time and resources on
manual, repetitive data entry and upgrade to a
solution that can easily integrate, reducing
those manual processes and increasing accuracy.
4
5 MANAGE CUSTOMER RELATIONSHIPS MORE CLOSELY
QuickBooks is incredibly limited in what if
offers for managing customers and vendor
relationships. Your ERP should offer you a live,
360 picture of your business relationships. 6
INEVTORY TRACKING IS COMPLETELY ABSENT You
require inventory or manufacturing functionality
that just is not supported in QuickBooks back
order and partial shipments can be very
difficult to track in QuickBooks, for more
advanced functionality, you need a system that
is built to support holistic business planning,
rather than a niche product designed for basic
accounting. 7 LIMITED REPORTING NO
REAL-TIME DATA To make faster, more insightful
decisions you need analytics that provide
accurate, timely pictures of your organization
and its processes, with QuickBooks Issues it is
challenging to see crucial elements like your
true cash balance and it takes too long to get
financials each month.
5
8 PUTTING OFF A DECISION?
Are you expecting you organization to scale and
grow quickly? QuickBooks works well for a time,
but hamstringing that early growth can be
detrimental to an organizations 3 and 5-year
growth plans. Its imperative that you have
systems in place that are built to support growth.
9 PERSONALIZATION QuickBooks limits how
personalized you can make your workflows. ERP
systems should be designed to meet the unique
needs of your business and your systems should
be able to do that without custom development
(and the subsequent extra cost incurred). 10
ZERO CLOUD OPTIMIZATION Your company is
increasingly reliant on the cloud while you can
access QuickBooks enterprise over the internet,
even intuit is transparent that QuickBooks is
not optimized for full cloud functionality.
6
WHAT NEXT?
While you may be feeling that QuickBooks is no
longer a great fit for your growing business, we
can ensure that there are market solutions that
TO LEARN MORE, VISIT
meet your needs. To learn about a more tailored
solution for your growing business, reach out
to one of our team members today.
VOLT-TECHNOLOGIES.COM
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