As a leading provider of business software solutions, MYOB asked bigger businesses about what software signs they wished they had identified earlier that were inhibiting their growth.
Their feedback was that if you want to advance your business, you should ask yourself the following questions:
1Is your accounting software slowing down?
This could be due to increased transaction volume. You might be processing transactions daily or in batches so your software can cope.
2Are you struggling to pull together accurate and up to date financial reports?
Maybe you have an audit coming up and don’t have all the records you need or you’re manually pulling together data from multiple places.
3Can you see changes to costs in your supply chain in real time?
By not being able to recognise changes to supply chain costs early, you might not see these changes until it’s too late and your profit could be impacted.
4Do you have a single source of truth?
Perhaps your data is sitting in multiple systems or you’re using spreadsheets to plug the gaps.
5Does it take days or weeks to produce accounts or end of month reports?
You might have multiple staff spending significant time on manual and repetitive reporting tasks, which means they don’t have time to focus on initiatives that could be growing your revenue.
6Do you need multiple company files and add-ons?
When you add it all up it’s costing you a fortune.
Answered YES to one or more of these questions?
Then it’s time to look for a better way. You could be ready for MYOB Advanced, which is business management software designed specifically for bigger businesses. With loads more functionality than accounting software, MYOB Advanced can be tailored to your unique business requirements,
it has everything you need to grow faster.
Sign up for a Free Consultation to assess your business requirements and let us help you choose the right ERP solution for your business.
