Common accounting software terms translated into plain English Are you on the search for new accounting software? Does your initial research leave you scratching your head at the numerous acronyms and convoluted terms? Here are a few technical terms in the accounting software world, translated into plain English: Enterprise Resource Planning (ERP) While we often refer to ERP and accounting in the same breath, the truth is that Enterprise Resource Planning software encompasses much more than basic finances. A comprehensive ERP product allows you to manage every aspect of your business. It works in tandem with multiple other applications to provide your company all the tools it needs in one streamlined, customizable solution. If we were to … [Read more...] about What is an ERP anyway? Terms Defined
3 Wrong Reasons to Choose ERP Software
I once heard that when we succeed, we tend to “party” and when we fail we tend to “ponder.” With that in mind, I want to share with you some mistakes I’ve seen buyers of accounting and ERP software make over the years so that you can avoid them. Here are three common (and wrong) reasons for choosing a particular accounting software:Read the entire article as posted on the ERP Software Blog by Jack Boyer. … [Read more...] about 3 Wrong Reasons to Choose ERP Software
The Myth of an ‘Easy’ Customization
In general, most people searching for new accounting software understand that customization is bad and out-of-the-box functionality is good. But is that always true? What if the person creating the customized option seems to understand your needs better than you do?My response is simple: Don’t fall for their trap!In the early 2000’s a large medical insurance firm selected Dynamics SL due to the project accounting capabilities that came out-of-the-box with the software. They almost went with a customized product instead because a competitor was able to mock up customizations to make their product look like it would do what the prospective client wanted.When the prospective client asked enough questions, it became evident that the … [Read more...] about The Myth of an ‘Easy’ Customization
Know Your Needs Before Buying ERP
As a provider and consultants for Microsoft’s top middle-market Dynamics ERP and accounting software products, we have seen a trend toward more online research. People are thoroughly researching their accounting software and ERP decisions before ever engaging a partner to help them.This is good for consumers. Potential buyers can get more information and have the ability to make better decisions. What can improve more is businesses and nonprofits diving deeper into their own requirements.Potential clients often come to us without understanding what the whole organization needs. Sometimes it’s the I.T. group leading the charge. Other times accounting has taken the lead on the project or, depending on the need, the manufacturing or supply … [Read more...] about Know Your Needs Before Buying ERP
