Almost every business, no matter the size, uses an accounting software system to manage financial transactions. For many small to mid-size businesses (SMBs) QuickBooks, a leader in the market since 1983, is the accounting software of choice. However, as businesses grow and processes become more complex, it is crucial to implement a more robust financial management solution.
As a business expands, it is important that they continuously evaluate their business systems and one of the best solutions on the market is Microsoft Dynamics 365 Business Central, an ERP system designed specifically with SMBs in mind.
Business Central is an all-in-one business management solution that helps businesses connect financials, sales, service and operations to better streamline processes, improve customer interactions and make better business decisions.
What are the benefits of Business Central as an accounting tool?
Ease of Automation
Business Central was built to specifically connect processes across accounting, sales, purchasing and inventory, allowing users to streamline their workflow all within one unified dashboard.
Extensibility & Customization
The Business Central system is built on the Microsoft Azure platform with an embedded business intelligence platform, including advanced reporting and analytics.
Real-time Data
By leveraging the Azure platform, Business Central provides visibility into the profitability of a business. This tool allows executives to prioritize sales leads based on revenue potential and suggest the best possible up-sells and cross-sells.
Tighter Controls
Business Central has control options that can be limited by permission, groups, dimensions and/or accounts. The system always allows for built-in workflows to add a layer of security.
Scalability and Efficiency
Using an ERP system to manage financial transactions will allow business systems to grow with the company. Business Central is easily configurable and simple to create a custom, unique solution.
Is it time to reevaluate your accounting software?
As a trusted accounting software, many businesses may worry about moving from a software like QuickBooks, to a more robust ERP system. However, there are a few key signs to look for when thinking about making the switch.
- Your accounting still occurs in Excel.
- Your reporting is complicated.
- Your team is making simple errors due to manual processes.
- Your business systems are siloed.
If you answered yes to any of the points above, it is time to look at switching to an ERP system to manage your financials.
Impact’s ERP Offering
Impact offers Microsoft Dynamics 365 Business Central with a fixed-fee implementation model, meaning no estimates or hidden costs, just one upfront fee. While this is rare for ERP implementations, Impact’s assessment process allows the implementation team to get a deep dive into a company’s business processes to better understand how to configure technology to be the best match for employee workflow.
Impact’s detailed assessment covers every aspect of how an organization operates – from financials and inventory to customer service. We observe, record and analyze how you’re performing business-critical processes across your organization. This detailed process ensures that the ERP system will be implemented successfully and become a powerful business tool rather than a complicated solution.
Learn more about Impact’s Enterprise Solutions department and ERP offering today.