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Signs Your Stand-Alone Accounting System Can No Longer Stand Alone
You can apply workarounds in the short-term, but the longer you wait, the more your business is at risk. If you identify with any of these scenarios, it’s time to replace your existing system.
You can’t keep up with demand even as you add headcount. As you expand product lines and enter new markets, your business processes become more complex. Growth requires more productivity and collaboration across business functions. You need business process automation to handle growth without adding to your payroll.
You can’t wrap your arms (or your head) around the business anymore. There used to be a one-to-one correspondence between your employees and the business functions they managed. Now it takes a village. Data moves from desk to desk, and you don’t have the controls in place to ensure a detailed and accurate audit trail. It’s a risk you can no longer afford to take. A growing business needs well-defined roles and processes, supported and enforced by technology systems, that enable tighter control over payment, shipping, vendor and hiring choices, and more.