As your business grows, it is often prudent to take a close look at your systems and how efficiently they perform for your business. Many small and mid-size companies utilize QuickBooks, Excel spreadsheets and other platforms that were an optimal choice in the early days of their organizations’ evolution, but over time those systems have become dated and inefficient. Contact Meridian Business Services today for more information on how you can save time, money and make technology work for you on the #1 Cloud-Based ERP NetSuite.
Discover the common challenges we see organizations running QuickBooks experiencing and how to overcome these obstacles:
NetSuite Enterprise Resource Planning (ERP) is a complete cloud ERP solution targeted at high-growing, mid-sized businesses and large enterprises. It automates front- and back-office processes including financial management, revenue management, fixed assets, order management, billing, and inventory management.
NetSuite Customer Relationship Management (CRM) helps you increase customer satisfaction. Your team can access information real time to drive customer engagement, retention, and upsell or cross-sell opportunities. A high-quality, high-touch portal provides customers with an effective self-service option.
NetSuite Analytics offers users incredible flexibility to create saved searches and reports enabling them to easily answer questions on what is happening in the business. Data can be further analyzed using SuiteAnalytics Workbook pivot and chart capabilities, with intuitive drag and drop interactions. Workbooks can be saved, shared, and reused with content easily displayed in NetSuite dashboard as portlets.
NetSuite SuiteCommerce is a leader in B2B eCommerce, providing your team with the ultimate 24/7 selling platform. By combining ERP functionality, CRM and eCommerce into one solution, all of the unique business processes and content are exposed no matter how your team is engaging with a customer.
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. Doing so not only makes your system more efficient, but it can also shave days off your financial close: It’s not uncommon for finance teams to reduce their close from six days to four after switching systems.
If you’ve outgrown QuickBooks or another ERP system, we complete a disciplined in-depth assessment of how your data, processes, and people integrate to fully understand how work and information flows throughout your organization.
QuickBooks is the entry into accounting software for many businesses, thanks to its low price point and relative simplicity. However, it is an entry-level accounting system and growing businesses quickly come to understand the shortcomings of the software. While many of QuickBooks’ shortcomings can be overcome with manual workarounds and complementary software, eventually those steps are not enough and problems emerge that begin to stifle growth. The difficult part for many of these businesses is determining when they need to move to a new system.
If your business recognizes one or more of the signs compiled in our whitepaper, it’s probably time for you to move on from QuickBooks and grow your organization with a comprehensive enterprise resource planning (ERP) system. ERP systems collect business information from around your company and integrate it into one digital ecosystem. Separate business functions are broken down into modules, including warehouse management, finance management, customer resource management and much more. Moving to an ERP platform needn’t be a disruptive and painful process. Today’s systems allow companies to more easily add specific ERP modules as they need them.
Because of QuickBooks’ limitations, companies are often forced to grow by adding more systems or applications for specific purposes—which often aren’t integrated with each other—and may revise or attempt to automate certain business processes. This can result in a complex “applications hairball” that’s rife with manual tasks and bottlenecks, increases the risks of errors, can hurt the customer experience, and can limit growth.
Watch Meridian’s webinar to learn how NetSuite provides an integrated, and cost-effective approach to take your business to the next level.
Over the years, our webinars on upgrading from QuickBooks to NetSuite have been extremely popular among organizations that have outgrown QuickBooks and are looking for a more agile, multi-functional and future-proof solution to support growth.
A recent live webinar, “Are QuickBooks and Manual Processes Holding Back Your Growth?,” was no exception. We’ve packaged up a Q&A on the top nine questions we heard at the webinar.
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