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Selecting the best accounting software for your business

What is the best accounting software or best ERP software for your business? To answer this question, you need to identify three key things: what are your requirements, what is your budget, and who in your organization is going to make this happen?

What are the key things you want new accounting / ERP software to do for you? Why are you even thinking about new software? Do you have software currently that just isn't doing certain things you want or need? Are you looking for better visibility, elimination of duplicate data entry, automation of key business functions? Do you need to meet certain regulatory requirements such as DCAA, HIPAA, or SOX? What are actually needs, what are wants or 'nice-to-have's? Also pay attention to what features you may have now that you don't want to lose. Understanding your own requirements is key to selecting the right software, but many, many people skip this step.

What is your budget? You can get accounting software for any price from free to millions of dollars. In general, the more you have to spend, the more features and functions you can get. However, more features and functions aren't necessarily better. If you buy a system that is 'too big for you', you may wind up with wasted time due to user confusion, an overly-complex user interface, and even wasting time disabling or hiding unneeded features. It's fine to buy a system you need to 'grow into' but don't just assume bigger is better. Sometimes the best accounting software for you is not the most expensive software you can afford.

Who in your organization is going to make this happen? Selecting and implementing a new accounting / ERP package is a lot of work and a lot of money. While you will want and need a number of people from all parts of your business to be involved, you will also absolutely have to have one internal person who is the primary project owner and evangelist. This person may be your internal project manager, may be the controller or CFO, may be the IT director, or the company president. But if you don't have at least one person who is focused primarily on making the project happen, you're very unlikely to be successful.

is Navision Accounting and ERP software right for you?

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