Has Your Financial Services Organization Outgrown Your Accounting Software?

If you want to consolidate hundreds of entities with the click of a mouse, automate inter-company transactions, and monitor it all in real-time on custom dashboards without extra software or IT support, then it may be time to leave QuickBooks, Dynamics GP and the spreadsheets behind.

But, considering the dozens of systems out there, what accounting software should you choose? What works best for financial services organizations?

Below are three guides that will help you identify the right accounting software for you and justify the migration to your executive team and board.

Halstatt is a family-owned investment firm that started from scratch but, with are now currently managing hundreds of millions of dollars worth of real estate, equity investments, and various businesses.

A few years ago, Halstatt had a unique opportunity to plan and execute upon an entirely new accounting infrastructure. The company needed to build a back office that included accounts payable, general ledger, and an entire finance department. The search was on for new accounting software.

Halstatt wanted to implement cloud-based accounting software because it offers speed and efficiency which are critical, no servers or IT team required and upgrades are seamless.

Halstatt had a clear vision of what the system needed to do and Sage Intacct met these requirements.

How Outdated ERP Can Hurt Your Entire Workforce

Is your current legacy ERP system reducing your business’s potential by scaring off talented younger workers? According to Inc. magazine, by 2020 millennials will make up 50% of the American workforce, and by 2025, millennials will comprise 75% of the global workforce. Economies and businesses are changing, and attracting and retaining new talent is key to sustainable growth for your business. So what’s all this have to do with your ERP solution?

Legacy ERP interfaces can deter younger workers

Legacy on-premises ERP systems were originally designed 25-30 years ago, and they’re nearing their end of life. Microsoft Dynamics GP, for example, is 30 years old. Business strategies and needs have changed a lot in the past three decades, and what was once innovative is now often inadequate.