Reaching Beyond the Limitations of an Entry-Level Accounting Software
<p>Every business uses different tools to execute various business processes, and at one point, the very tool that supported your process will hinder your ability to perform at your best. It might miss or have limitations on crucial functions. Your accounting department is no exception, and your business will outgrow your entry-level software soon. And so, a software upgrade is inevitable. Software applications such as Adagio Accounting comes in with a host of features that simplify the process. It keeps your business growing and going.</p>
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<p><strong>Signs You Have Outgrown Your Accounting Software:</strong></p>
<p>The two real reasons your accounting software outgrows your business are the organizational changes you make and the rate at which your business grows. As your business grows, there will be an increase in stock administration and transactions, and limitations in reporting and data integrity. These scenarios will result in business inefficiency and poor audit trails. </p>
<p><strong>Other Signs You’ve Outgrown Your Accounting Software Include:</strong></p>
<ul>
<li>Inefficiency to drill deep down into your data to have a better financial understanding of your business</li>
<li>Limitations in reporting for multiple entities or departments separately </li>
<li>If your software doesn’t possess the ability to create reports in one-click </li>
<li>If there is the need to export data outside your system, risking your security, to generate better reports </li>
<li>If your software takes a lot of time to run straight-forward and quick processes</li>
</ul>
<p>As you explore the possibilities of going beyond your entry-level accounting software to meet your growing demands, make sure you understand the challenges within your current environment. Quantify your needs to help identify features and functionalities that your new accounting software should have to help with the decision-making process at this pivotal moment for your business to succeed. </p>
<p><strong>Highlights of a Feature-Rich Accounting Software Include:</strong></p>
<ul>
<li>Multiple ways to analyze data via performance, custom reports, charts, graphs, and more</li>
<li>Countless Customizable features to suit your business’s unique needs
</li>
<li>Real-time data insights to make critical and time-sensitive business decisions faster</li>
<li> Provides tools for graphical reporting and the ability to create presentation-quality financial statements</li>
<li> Complete set of tools to manage and streamline accounting operations separately for every department in your business or your subsidiaries</li>
<li> Multi-entity reporting functionality based on locations</li>
<li> Automatic reporting of intercompany transactions</li>
<li> Complete and versatile accounting solution with an easy-to-use interface for your business</li>
<li> Simple consolidated reporting</li>
<li> Automatic data integrity checks and backups on all your accounting data</li>
</ul>
<p><strong></strong><strong>Ready to move on from your antiquated accounting software?</strong></p>
<p>The switch from conventional accounting software products to the more advanced and infinitely scalable software such as <a href="https://softrak.com/resources/request-a-demo">Adagio Accounting</a> is a commendable alternative. Adagio empowers your organization to perform expeditiously while producing business insights beyond just debits and credits. Unrestricted transparency into accounting means meaningful corporate insight. Also backed by an experienced team, Adagio facilitates organizational growth, increased profitability, and reduced manual workarounds. </p>
<p>Tailored to fit small and mid-sized enterprises, Adagio is an affordable, robust and scalable <a href="https://softrak.com/why-adagio/adagio-accounting">accounting solution</a> available both for on-premise and cloud. </p>
<p>How would it fit you? Perfectly. Try it on, now!</p>