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5 Questions To Ask Before Choosing Your Next Payroll Software Provider

payroll softwarePayroll processing is difficult and time-consuming, so it’s no wonder why many businesses have chosen to outsource payroll tasks. Unfortunately, it’s often nerve-wracking to put your business’s important payroll functions in the hands of someone else. Payroll software is the solution: It offers all the benefits of outsourcing payroll (eliminating the burden on your resources) and all the control of performing payroll in-house. Before you start your hunt for a new payroll solution, arm yourself with these questions to ensure the choice you make is the right one for your business. 

Reporting: 5 Reasons Financial Accounting Software Is a Must-Have

With several departments generating their own numbers using their own complex Excel formulas, it’s no wonder that small- and medium-sized businesses (SMBs) often struggle with finding a single clear version of the truth.


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Who has the right numbers? Nobody knows!


The ability to communicate accurate financial data to lenders and stakeholders is critical. But how do you know which version of the truth to rely on? Excel and require manual actions, which can create issues and can be error-prone. They also can’t capture the discussions between managers about the results of reports. Nor do they contain automatic alarms that trigger management actions based on a threshold.


In order to achieve a single version of truth and process high-quality reporting actions, SMBs absolutely must use financial accounting software. It’s only with powerful tools like this that an entire company has full confidence in the numbers.


Here are five additional reasons why financial accounting software is the best way to generate financial reports for your company.

There’s Got To Be A Better Way: Cloud-Based ERP Software

462326245There are a lot of business software vendors on the market today. You know you need to migrate to the next level of operational efficiency, but how do you ensure you’re adopting the right ERP software for your small to mid-sized business?

Although all ERP software systems offer a way to integrate a range of processes and functions, traditionally, these systems were created for enterprise businesses and are considered costly and time-consuming to set up. Luckily, in the last 10 years, cloud-based ERP software offers businesses an affordable and accessible alternative.

The Evolution of ERP Solutions: From In-House To Cloud-Hosted, Part 2

177403076Traditional on-premise ERP solutions, as discussed in our previous post, are fast becoming obsolete. They’re still being used by many small and mid-sized companies, but it’s unrealistic for smart, strategic business executives to continue overlooking the huge functionality gaps in the on-premise model.

The next stage in the evolution of ERP is the hosted approach. Hosted ERP software is a popular and attractive option: Young SMBs build new business management solutions from scratch, and well-developed businesses overhaul their current systems to be more flexible, functional and accessible. Here’s what a hosted ERP system looks like:

The Evolution of ERP Solutions: From In-House To Cloud-Hosted, Part 1

465986029Enterprise software has gone through quite an evolution throughout its lifetime; the ERP solutions of today hardly seem to be of the same lineage as traditional versions.

Since their inception, ERP solutions have been traditionally hosted in-house. Businesses spend quite a bit of their budgets building an IT infrastructure and purchasing the equipment upfront to run the business management system as a whole.

On-premise ERP software is both a thing of the past and a thing of the present: Its technology is outdated, but it’s still in use by many small and mid-sized businesses today. Let’s investigate the components and typical structure of a traditional ERP system:

Hardware

Hardware is one of the biggest costs plaguing setup of on-premise ERP software. You need to purchase expensive hardware and equipment – all of which is difficult and costly to maintain.

4 Important Trends Microsoft Dynamics Users Should Know

465986029As technologies continue to advance exponentially, savvy business owners, executives and decision-makers must begin to look toward the future and recognize emerging trends before they become mainstream. Your strategic planning process starts with your business management system, and those using the powerful Microsoft Dynamics suite should keep a keen eye on a few important trends:

#1 – The Internet Of Things

7 Ways To Streamline Business Accounting With Cloud-Based Software

On a day-to-day basis, small- and medium-sized businesses (SMBs) struggle with so many things. They don’t have nearly as much manpower as necessary, cash flow is almost always fluctuating, the competition is stiff and forecasting anything seems impossible.
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While there are an infinite number of ways to alleviate these pains, streamlining accounting is one of the best. Armed with the right tools, SMBs save time and money, gain actionable insights into the company and move the business forward. The best tool to streamline your accounting is cloud-based financial accounting software.

Tap Into A Competitive Advantage With Dynamics ERP Cloud Migration

170176279-1The realm of small and mid-sized businesses is not a friendly one – it’s full of cutthroat competition, empty promises and red herrings. The survivors and thrivers are the ones who innovate, embrace change and form bonds with powerful partners. These partners aren’t necessarily physical entities, though: Some of the most robust drivers of growth are business management solutions and software systems, such as Dynamics ERP.

It should come as no surprise that Dynamics ERP is such a popular business tool. Its effectiveness has been proven time and time again, and it’s backed by the strong support of Microsoft, a true tech titan. But many business owners and executives have failed to realize the full potential of their ERP software, simply because they’re hosting an on-premise version. Let’s look at some of the advantages awarded to those businesses that undergo cloud migration: 

The cloud costs less.

What If I’m Not Ready To Upgrade To Cloud ERP (Yet)?


Free Upgrade to Cloud ERP SubscriptionThere are a lot of benefits a true cloud ERP subscription can provide to your business. This includes the hardware infrastructure, security, maintenance, software licenses, implementation, training, support, integration services and all upgrades in a single monthly investment.

The upgrades in most cases include updates, enhancements, plus the required services to help your business take advantage of them. For the most part this is a good thing. Compared to on premise solutions, there is minimal impact to your budget because a cloud ERP subscription eliminates the days of expensive hardware upgrades, overhauls and upgrade fees. When you don’t have to pay extra for upgrades, your business is no longer tethered to outdated versions of technology that minimize efficiencies and impair process improvements. New versions are often easier to use, make business processes more efficient, provide easier access to information, have deeper levels of functionality, provide greater levels of integration and are more secure and stable.

But what if your business is not ready to tackle an upgrade to take advantage of the latest software?