Our last blog in the Outgrown QuickBooks series went into detail about what happens when you start to experience bottlenecks in your processes. You are comfortable with using QuickBooks. But what happens as key processes such as order processing, invoicing, and fulfillment get slowed down as the volume increases? Instead of looking at the longer term benefits of implementing a more robust, scalable system, you continue using QuickBooks and decide to try and integrate other solutions to better manage the roadblocks. For example, as your organization continues on a path of growth and more and more orders start coming in, you may turn to an order management solution that integrates with QuickBooks. This solution still can’t provide you with the scalability and overall performance upgrade you need. Similarly, you may need your eCommerce site to integrate directly with your accounting system and inventory management system. Most likely, there are customizations you need but are unable to implement. You keep adding more and more systems because you are not ready to give up QuickBooks.
Have you been juggling disconnected systems and struggling to keep your finger on the pulse of your company? The pace of business is steadily increasing as global competition looms and you want to be nimble and agile to take advantage of opportunities. If you are not able to stay connected with all operations and manage performance to meet your goals, how will you be able to make informed decisions to uncover new opportunities?
How are you managing your daily business processes? Do you sometimes find that you have trouble customizing various tasks and processes to fit the current needs and requirements of your organization? As we near the end of our series on the warning signs that you’ve outgrown your QuickBooks solution, it’s important that we discuss what happens as you begin to experience bottlenecks in your processes.
Recently, the focus of a company has been to expand into new business channels to drive growth. The buzzword at the time was multichannel – if you weren’t multichannel, you weren’t reaching your full potential. Now, even if you’re multichannel, it’s no longer good enough because you need to be omnichannel!
As we’ve discussed in previous posts in the Outgrown QuickBooks Series, there are numerous signs that your QuickBooks solution is slowing down or hindering your company’s growth. For example, the solution isn’t scalable enough to keep up with employee growth, you‘re having difficulty with your budgeting and forecasting processes, and you don’t have the tools to achieve compliance. Without insight into these key business functions, your inventory management capabilities will usually suffer. How do you go about streamlining inventory management, while staying profitable?
Beginning business intelligence (BI) initiative doesn’t have to be an expensive investment, but it’s important to choose a solution that allows you to easily meet your initial BI needs and later expand to more advanced ones. When you first implement a BI solution, you most likely will be coming from an undisciplined spreadsheet environment. The key is to start small and work to expand the BI deployment to additional applications and added functionality as your organization adopts and masters the technology. Your ultimate goal is to make your business users less dependent on IT for their analyses.
Our past few blog posts in our warning signs that you’ve outgrown your QuickBooks solution series have discussed budgeting and forecasting troubles, improving accounting controls, why database performance is important, and how to expand into new business channels. Another sign that QuickBooks isn’t cutting it anymore is that your customer service team begins to feel the strain you start to experience a strain on customer service. How do you address this issue while continuing on a path of growth?
In our past blogs on Business Intelligence, we discussed the signs that your organization may benefit from a BI solution and some ways that it can help your business. In order to get a better understanding of BI and the next steps, let’s take a look at what components make it up.
In our past few blogs, we have focused on the warning signs that you’ve outgrown QuickBooks. We touched on what happens when you can’t keep up with employee growth, the need to improve budgeting and forecasting, how to deal with the lack of accounting controls, and the issues with database performance. As your organization continues on a path of growth and success, a logical next step would be to consider expanding into new business channels.
In last week’s blog, we explored the signs that your organization may need a Business Intelligence (BI) solution. If you experienced any of the signs, it’s important to take a deeper look at what BI is and how it is helping small to midsize organizations like yours.