From QuickBooks to Netsuite
WHY GROWING COMPANIES ARE MAKING THE SWITCH
As your company grows and accounting becomes more complex, you’ll find that entry-level accounting software has its limits. Handling advanced business challenges using spreadsheets and multiple applications just won't work anymore — which is why companies often upgrade from QuickBooks to NetSuite.
Our experienced NetSuite team at KES Systems Solutions (KES) has compiled a list of resources below that can help you see how this powerful ERP system can help you take your business to the next level by automating processes, increasing efficiencies, and lowering operating costs.
Are you considering a new ERP but haven’t made the move because you’re afraid the project will be expensive, the system will be complicated, or the implementation will be overwhelming? Don’t get spooked! With the KES True-Partner Approach, we can make moving to a new ERP a treat!
Implementing a new ERP system can be a scary process. You know you want the latest features, controls, and insights included in a new system, but getting from “here-to-there” can be daunting. Don’t get too spooked; there are ways to significantly increase the odds that your ERP implementation will be successful.
From finance and accounting, to inventory management and professional service automation, ERP improves efficiency and cross-departmental coordination by connecting core business functions, eliminating redundancies and manual tasks, and providing a single source of data to ensure that the entire business is working from the same script.
As a company grows and/or starts adding sales channels, entering inventory manually and syncing QuickBooks with external inventory management systems becomes time consuming and more prone to errors.
If you are a fast-growing company relying on spreadsheets and/or email as a system of record, it might be time to consider a full-scale business management or cloud ERP system.
As businesses grow, they need to adjust their processes to handle increased demand. Often, their business systems can’t keep up, resulting in inefficiency, customer service issues, and potentially lost revenue. A robust ERP system can grow and scale with you.
If your business is rapidly growing and you’re approaching or surpassing your service parameters, you need to ensure your business applications can handle the added demand requirements for optimal performance.
As your company grows and accounting becomes more complex, you’ll find that entry-level accounting software has its limits. Handling advanced business challenges using spreadsheets and multiple applications just won’t work anymore — which is why companies often upgrade from QuickBooks to NetSuite.
As an entry-level accounting system, QuickBooks is a logical choice for small businesses and entrepreneurs looking for an easy way to track basic finances. And it works—until it doesn’t.
NetSuite’s QuickBooks expert dives into the biggest challenges businesses face on QuickBooks and how NetSuite addresses those challenges. She discusses QuickBooks lack of reporting capabilities and business process tools, obstacles to managing multiple subsidiaries, and common fears of moving off QuickBooks.
For most businesses, QuickBooks offers a functional, entry-level accounting system that can meet their early needs. But with growth comes the need for a more sophisticated accounting system and stronger financial and inventory controls.
Many ERP systems on the market are powerful, but not flexible. They either require a complete change in the way you operate your business, or they force you to spend big bucks on customizations to fit your business processes. NetSuite offers a better way!
For most businesses, the key to growth and success lies in greater transaction volumes and speed. But with that volume also comes a need for more complex accounting systems and stronger financial controls.
When demand for your product grows, your revenue grows. And when your revenue grows, your finance team grows. And when your finance team grows, your behind-the-scenes systems can get wildly disorganized. It’s no surprise, then, that many CFOs switch from QuickBooks to NetSuite.
Once companies start experiencing accelerated growth, the limitations of QuickBooks become more apparent. Based on conversations with company leaders over the last 25 years, I put together a list of issues that many of them face before making the switch to a cloud ERP solution.