Table of Contents
Do you wish there was a magic bullet to take care of all your finance needs?
It would be so much easier if you could just find one software program that does it all, right? Unfortunately, the world is not yet perfect and we have to deal with the tedium of finding multiple programs to do our accounting. But don’t worry! This blog post will help you figure out how to find the best finance software for your business.
If you’re looking for the best finance software for your business, there are a few things to keep in mind. First, it can be difficult to know what types of tools will work well with your company if they don’t already use that type of system or product – so talk to people who have experience and ask them! One option is a cloud-based accounting platform like Xero which allows users access anywhere from any device as long as you log into their website. You can also look at other products on offer such as an online credit card processing service provider like SquareUp and see how these would fit into your company.
Some companies only need basic bookkeeping services
while others require more advanced solutions, so the first step in determining what finance solutions are the best fit for your business, is understanding what are the requirements.
You may have lots of products and a barcode inventory system, which means you’d like to keep track of what is coming in and out of your warehouse, whilst knowing the cost balance in real time, not just at the end of the day. Or, you could have an ecommerce business selling different types of fire extinguishers all at a variety of prices, so you’d like to be able to organise into specific categories.
there’s no point in paying for more than what you need and likewise it’ll be a dreaded conversation finding out you’ve been paying hundreds of pounds for a software which you don’t even use all its functions.
So, you’ve figured out what your needs are when it comes to the finance software, what next?
Well you then need to search online for the software’s that meet your demands and needs for it. There’s hundreds if not thousands of finance related software, so narrowing it down to your specific needs will make this search a little less time consuming.
It’s best to give yourself options to choose from, so id say the bare minimum of 5 to compare and 10 max. Once you’ve found the select software’s that all meet your need, it’s time to start comparing them to whittle it down to which is the superior software out of all, in terms of functionality, ease of use, customer support and of course, cost.
A lot of the software comes with free trials, so be sure to take advantage of those, so you can see how easy it is to use and navigate through.
Once you’ve done your trial and testing with the software and you’ve compared price points, it’s now time to make the decision. Now this is only one you can make yourself, sometimes ease of use can result in you being happy to pay a little extra.
Get your team into a meeting, discuss what they think, assuming that they’ve also been assisting with the trailing of the software. Remember, it’s important that whoever the intended user of it gets their fair say as to which they’d feel better off using.
Having your team use a software they are comfortable with and makes their life easier is no different to employees working in hard labour deciding on which anti fatigue matting would be better for their workplace. Because if it’s a colleague that’s going to be more hands on with it than you, it’s better off that they get a big part to say in the deciding choice. Having a software that the allocated user seemed to prefer means the transition into it is going to be smoother and there will be less hiccups along the way.