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Four Steps to Evaluate and Select the Right ERP Accounting Software

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Selecting the wrong accounting software can be a complete disaster. You could even lose your job or your business by making a poor choice – it has certainly happened many times before. Exactly where can you go to get the information you need to make the right decision?  There are trade shows, seminars, and magazine articles on selecting accounting software, but they typically just tell you the good stuff.  So here are 4 easy steps in taking your own initiative to find and evaluate the right accounting software for you!

  1. Become Knowledgeable – You should educate yourself about the accounting software and ERP solutions that are out there. (We know that the reality is that nobody has enough time to fully do this.) The Internet can help by making it faster and easier to locate information. Call your friendly competitors and ask them what they use. Pick up industry trade journals and study the advertisements.
  2. Eliminate the Obvious Poor Choices – Start to eliminate potential products due to missing modules, missing key features, or because they are simply too expensive. Cross them off your list and notate why you did. Generally, you can eliminate many products at this stage. Continue to eliminate products throughout the entire evaluation process.
  3. Feature Requirements – Use all of the knowledge and insights you have gained to prepare a list of requirements, which the new system should provide. This should be a short list listing the most crucial of needs.
  4. Call References – Once you’ve narrowed your search down to the top ERP Software vendors, the most important step you can take is to call references. Presented below are a few simple questions that you may want to ask of previous customers: 
    1. Do you use XXXXX Software? 
    2. When did you install it? 
    3. How long did it take from start to finish?
    4. Who performed the installation (reseller and names of consultants)?
    5. Did they do a good job and install the system in a timely manner? 
    6. Are you satisfied with the product? 
    7. What problems have you had with the product? 

Some companies can make their decision easily in just a few months while other companies must endure a much longer ordeal to arrive at the best choice. You alone must make the determination as to how much effort is warranted to select the best accounting software package to meet your current and future needs.

Concentrix Ltd is a leading UK independent ERP, business management, accounting software and CRM specialist.  Founded in 1999, Concentrix provides a range of ‘best-in-breed’ ERP and CRM solutions including Microsoft Dynamics NAV and Microsoft Dynamics CRM. The company works with clients throughout the UK and has helped a wide range of organizations in many different industries and sectors.

By Peter Elgar with Concentrix Ltd, a leading UK Microsoft Dynamics NAV Partner

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One question

  1. Great post. I got details about how to evaluate right Accounting ERP Software.

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