As your company grows, so do the needs of your finance department. If you’re still on QuickBooks, it’s time to switch to a solution that will grow with your business. When done strategically and thoughtfully, transitioning to a cloud financial management system can boost productivity, improve reporting and help you satisfy your customers.
There are many reasons why companies outgrow QuickBooks. New Jersey-based Manufacturers Edge, for example, found that QuickBooks’ limitations hampered company productivity and growth: with no CRM connection, no scalability, no customer support, no mobile access and no meaningful reports.
Below is a snapshot of the top 7 reasons why many companies outgrow QuickBooks, which you can dive into in this complete guide to replacing QuickBooks.
- You want to continue your high growth
- Too many spreadsheets already
- Need for tighter internal controls
- Complex reporting and revenue recognition requirements
- Multi-entity and multi-currency operations
- Accounting is isolated from the rest of the company
- No real-time visibility
While you are searching for the right solution to replace QuickBooks, there are things to consider like the implementation, and the different features and requirements that your unique business may need. To evaluate this more in depth, download the complete guide to replacing QuickBooks.