Advivo highlights the things you should keep in mind when you decide to integrate accounting solutions into your business processes.
Integrating your accounting process into an accounting system or moving to a new one can be a big task. You should consider a few things before deciding on the software, so here are a few questions to ask yourself before you decide to integrate your accounting solutions.
1. Why should you use an integrated accounting solution?
There are many reasons why you would make the switch to integrated accounting software. Accounting software allows you to; automate your accounting processes, map out your business transactions, keep your accounting process centralised, and provide real-time updates among other benefits.
You should understand why you need integrated accounting software and what you need that software to do.
The first step you should take to evaluate this is to review your business processes.
2. Is the software compatible with my current business software?
After understanding what functions you need from accounting software, you should ensure that it is compatible with all other software you use for your business. This could be the software you use for CRM, receipt management, bookkeeping, project management, payroll, timesheets, product shipping, etc.
You could contact the developers to ensure that their software is compatible with your current software, and if the software has an open API.
Also, ensure that the software is cloud-based so that integration is simple.
3. Is the software flexible to grow with my business?
You should look for accounting software that is able to grow with your business. The scalability of the software will ensure that it lasts alongside your business.
When looking for accounting software, look at your goals for your business such as more staff, extra locations, and other business opportunities that give your business the potential to grow.
4. How secure is it?
Security is essential for accounting software. You should check if the system is tested regularly and if the developer issues regular updates for security.
Cloud-based software adds another layer of security to your accounting process.
5. Does the developer offer support?
Ensure that your accounting software of choice provides support throughout implementation and beyond.
How Advivo can help
At Advivo Business Advisors and Accountants, we provide specialist advice on Cloud Accounting and Software Integration where our expert accountants help you future-proof your business by automating and integrating your accounting and business software. We can also help transition to cloud-based accounting. Our accountants can assist you to map out business processes and build a strategy to find the best-integrated accounting solution for your business. Don’t hesitate to get in touch with our friendly staff to enquire about our services today.
