It’s time to hit refresh on your accounting software before it’s too late
There comes a point in every businesses journey that they begin to outgrow their current accounting software. The tools and features that initially supported your business has now come to hinder your company’s growth. Don’t worry, this is a good sign! And while it can be daunting to begin the process of switching to a new accounting software, it is not one that businesses should shy away from. In fact, businesses should embrace all the possibilities of what they can do with a new accounting solution that they weren’t able to do before!
With the release of Microsoft Dynamics 365 Business Central, small businesses who have outgrown accounting systems such as QuickBooks, Simply Accounting, Sage 50 or Accpac are starting to turn towards a more productive solution. Here are the top 3 benefits of Dynamics 365 Business Central and how they compare to other accounting software:
The Top Benefits of Microsoft Dynamics 365 Business Central
1. Automation leaves you to work on the tasks that matter
Quickbooks is lacking depth of capabilities within purchasing, inventory, manufacturing and distribution. As you diversify and add new products and markets to your operations, your business processes become more complex. Even the simplest processes like invoicing and month-end closing can take hours or days to complete when using a basic accounting system like QuickBooks.
With Microsoft Dynamics 365 Business Central you can automate your business processes and handle growth without adding to your payroll. By connecting data across accounting, sales, purchasing, inventory, and customer interactions, you will gain an end-to-end view of your business. Now you can accelerate the quote to cash process, act quickly on sales-related inquiries, manage service requests, and process payments—all within one unified dashboard.
2. Real-time data
Other accounting software are only able to provide you with a snapshot of your sales performance for the past quarter, but do you really know which products produce the highest margins and which customers are likely to purchase? Instead of looking at reports of past performance, you should get insight into current activities and trends to move your business forward.
Microsoft Dynamics 365 Business Central will give you full visibility into what drives your profitability and support your future growth. Now you can prioritize sales leads based on revenue potential, keep track of all customer interactions, and get guidance on the best upsells, cross-sell, and renewal opportunities throughout your sales cycle!
Quickbooks lacks user functionality. With limited accounting capabilities and minimal productivity integration, Quickbooks tends to be problematic when addressing functions like reporting, industry specific features, and professional support.
Dynamics 365 Business Central is built on Microsoft Azure platform with the ability to scale to support growing transaction volumes and more users. Includes a web-based reporting portal with extensive reporting capabilities. With Microsoft Business Central you will gain a comprehensive overview of your service tasks, workloads, and employee skills to effectively assign resources and accelerate case resolution.
It is only as your business grows and your requirements become more diverse than the limitations begin to show through.
Let’s briefly explore the limitations of QuickBooks:
- Limited reporting and transparency of your business health – lack of custom reports
- Double entry and keying errors across systems and departments
- Limitations with file size and data, as well as the number of users
- Generic and impersonal support
- A standalone application which lacks integration and automation between other systems
For more information on how Dynamics 365 Business Central can help your business read the All-in-one Guide to Microsoft Dynamics 365 Business Central
Business Central is made for business owners
With security, accessibility, and functionality all being key factors to consider, some of the biggest strengths Microsoft Dynamics 365 Business Central offers is customizability, flexibility, compliance, and built-in intelligent apps. Having all these features and functions integrated into one platform can help provide key insight about the health of the business and make it that much easier to generate reports. Dynamics 365 Business central uses industry-specific tools that allow users to adopt a system that fits directly into your business needs. With more flexibility that is easily scalable, Business Central is suitable for a wide range of companies and makes it easy to manage data within growing companies.