Over time and as your business grows and expands, you’ll likely notice your original software struggling to keep up. This issue is magnified if data is held in separate spreadsheets and systems - there is no single source of truth for your teams to operate from; information must be transferred between systems, which leaves you open to human error; and work is often duplicated, which is a recipe for inefficiency.
Cloud-based accounting software enables the integration of all departments and information sources into one efficient system. It means you are able to customise and automate complex processing, allowing people across your organisation to input data, action approvals and view reports. This helps to eliminate duplication, improve controls and increase business-wide productivity.
To understand why a switch from your current system to something with greater speed, functionality and overall power might be the right path for your business, Download our eBook on optimising and automating your finance systems.
Key questions to ask when considering switching your financial management software.
Do you need to improve cashflow and increase margins?
Automating your finance processes can help you reduce costs due to increased efficiency and better margins, while your sales are likely to increase as the customer experience improves in parallel.
Are you wasting time and resources on repetitive or inefficient tasks?
Automating your finance processes can help you reduce stock loss and lower equipment and systems downtime.
Would your people like increased flexibility and greater job satisfaction?
Automating your finance processes can help you reduce mundane tasks, remove the need to duplicate data entry, and provide faster access to expense payments.
Do you need better access to the right data?
Automating your finance processes can help you enable quick and easy distribution of reports and insights to key people, and increase scalability, removing barriers to growth.
Is inefficiency costing your business?
Automating your finance processes can help you establish predefined workflows that manage the exchange of information and automatically managed expenses that are easy to submit, approve or reject – saving you a lot of time and trouble.
Are you struggling to manage compliance?
Automating your finance processes can help you meet regulatory requirements (e.g. payroll, data protection, carbon emissions tracking) with a much-reduced risk of error.
Do you need to encourage better collaboration and coordination between teams?
Automating your finance processes can help you establish a single source of truth, which means everyone is operating from the same information and striving for the same goals.
Is customer satisfaction and retention an issue for your business?
Automating your finance processes can help you deliver a configurable and customisable solution, driven by your customer’s unique needs, and is flexible enough to be developed in line with their preferences.
The business case for switching your financial management software
There are so many reasons why a new accounting system implementation could benefit your business. If you have outdated accounting software then you’ll find that more modern software is faster, more secure, more stable and more capable than your old one.
You also reap the benefits that come from using a more capable system. Your old software may have been suitable when you were a smaller business with fewer requirements, but as your business grows you need something that has more functionality, better configuration and better integrations to scale up and meet demand.
And finally, Access Financials offers real value-add benefits that come from a new system implementation - insights. Better software means that more data is available, more quickly and with greater accuracy for your teams. This means you can act on insights that have a real material impact, and competitive advantage, for your business and bottom line.
Why Access Financials?
We understand we might not be the best solution for every business, or every stage of business. However, one of the key reasons we find people choose to come to us is the sheer number of applications available within the Access stable.
This means that whilst all our customers use the core financial management system, they are also able to add on functionality that allows them to develop almost a bespoke end-to-end system.
We find our customers love...
- The efficiency - no more switching in and out of apps. With Access Financials it is all in your Workspace
- The automation - saving time and effort by removing manual processes
- The control - defined workflows mean you can relax
- The visibility - reporting has never been easier with one source of the truth
- The paperless office - efficient and streamlined processes mean speed and accuracy
- The convenience - you don’t need to worry about maintenance or security of your software, we do it all.
Are you and your finance team thinking about switching accounting software?
Choosing the right finance and accounting software is often a daunting task to think of for any business but it doesn't need to be. This step-by-step guide explains everything you need to know when switching finance systems - from considerations before starting the project to implementing your new software. It also includes some handy templates to help you manage your switching project.
Do you simply need to see the bigger picture?
Access Financials can help. Bring your people, data and software together with a single solution that grows with you, giving you one true view of your business and answers the questions you’ve been asking.
Download our eBook on optimising and automating your finance systems, download a brochure, or contact us today to book an obligation free demonstration of our software.