Do you want to become more efficient and profitable?
For some Australian SMEs, becoming more efficient and profitable is more of a priority than growth. For others, efficiency and profitability are a prerequisite to fund further growth. Whichever category you fit, the pathway to achieving these goals often depends on the sophistication of your business software and its ability to integrate with other systems.
Entry-level accounting and business software solutions serve their purpose however it’s important to be able to recognize when your current software becomes the roadblock to greater efficiency and profitability. Some of the tell-tail signs you’ve outgrown your system include data throttling, a slowing system, regular system crashes, and an ever increasing reliance on spreadsheets and manual processes to achieve your desired business outcomes.
Quite often technical obsolescence and incompatibility drive the need to change business software systems. Other change agents include new staff who make their new colleagues aware of more efficient and effective ways to conduct business and customers and suppliers who demand deeper electronic integration of systems. The key questions to ask are: – ‘Does our current software support and link every aspect of our organisation? Does it help manage our business processes? Does it help us identify ways to boost productivity and improve efficiency through sophisticated reporting and customisable dashboards? Does it include a Customer Relationship Management solution to maximize the value of each customer and supplier relationship? Can I use it to deliver and collect business critical information from my people in the field? Can it scale to meet our expanding business? Does it provide me with mobility?’ If you can’t answer ‘yes’ to all of these questions, then it’s probably time for a system review because without these capabilities your goals of becoming more efficient and profitable will remain difficult to achieve.