Implementing an Enterprise resource Planning (ERP) system may be a natural evolution from over comparatively limited solutions, like accounting software system.
For many firms, this can be Quickbooks. Well, it’s unwise to look for a new software system implementation, before addressing the current situation of the business. But there are definite chances that every company will get profitable benefits from an upgrade of Quickbooks to ERP solution.
Limited Features
For the startups QuickBooks may be an optimal solution to begin but as the organization grows its business needs to be outgrown from this limited solution.
The online reviews and publication list variety of aspects firms ought to think about whether or not they’re prepared for ERP upgrade from Quickbooks. These include accountability, data volume, and integrity, reporting capabilities, number of transaction each day and the number of end users. If any of these features are not supported by QuickBooks then it is the time to upgrade and save your business from a big loss.
Why ERP?
The two major benefits of ERP solution are flexibility and decision-making capability for future business activities. Mostly ERP system is adaptable to an increase in operational size along with the increase in numbers of end users. These features help a business that constantly grows with too many end users and supports high data volume. It also promotes accountability.
Multiple Data Entry
QuickBooks is a single entry system that needs a manual input of data with a linear workflow which does not have credibility for many business operations. ERP has the different modules for multiple data entry points. This data can be use either for a single required purpose or with the collaboration of data from obtained from other modules. With the use of modern cloud-based technologies, it allows data to entered or receive at anytime from anywhere.
Companies are now aware of the importance of the tools to operate their functions and manipulate their data efficiently. Making a room for more modules and multiple users along with the effective communication between them business will take over all of their operations in a highly beneficial manner.
Communication Needs
In large enterprises, it is difficult to establish employee-to-employee and employee-to-customer communication. QuickBooks does not come with this option to streamline the communication process within an organization. Companies turn to ERP to fulfill these needs. Those companies who seek to improve and automate the interdepartmental communication should defiantly adopt ERP as a centralized system of their business operations.