Accounting Software

You would probably know by now, with reference to what you are having, that an accounting software records & processes accounting transactions within functional modules such as:

• A/R & A/P
• General Ledger
• Billing
• Stock/Inventory
• Purchase Order
• Sales Order

Agree?

But, your growth plans and complexity in business processes somehow demands more than the above mentioned functionalities.

Well... as a matter of fact, with your expanding manpower, number of outlets & offices and the skyrocketed amount of volume in inventory & sales, additional features & functions under core modules are actually not really too much to ask for...

Believe it or not! There are actually business owners out there with a very conservative thinking that naturally sets investment in an appropriate solution for their own company as one of the lowest priorities when it comes to business expansion.

I personally do not support this practice.

Why? Well, some "traditional" entrepreneurs that I have met are quite often comfortable with their current software.

But, are they really comfortable? Or are they comfortable with the fact that their employees, those actually USING the software are comfortable?

Perhaps so.

But, how often do you have a majority of your accountants, warehouse managers or even cashiers to be aligned with the CEO's vision and plans? If you do, you have my heartiest congratulations and take it from me, don't fire them!

It is quite needless to say that you operates in a competitive industry. I mean... who doesn't?

Competitive advantage may require creative strategies. And to deploy creative marketing tactics, you will need tools. For example, can your current software bloom your business by allowing customers to buy online via E-Commerce? No? Can your current software retains and grow your customers rather than buying from your competitors by automating a customer loyalty programme?

If you are still scrolling down & reading this line, I guess it is fair to assume that I've somehow described the limitations of your current software, and has proven itself to be one of your current challenges for business growth at the rate you have envisioned.

If that is really the case, its high time to seat back behind the yellow light and give your company's current accounting software some thoughts and consider an ERP instead.

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Perhaps, your aim to open up more branches may be influenced by your ambition to convey confidence and stability to your customers, leverage on the economy of scale and etc...

One particularly compelling reason for branching out and increase your network might be your desire to fill a need in the marketplace and gradually enjoy the increase piece in the pie.

However, managing multiple stores requires a different system. In today's K-economy, knowledge is power and the need to obtaining business critical information as you want it, is inevitable.

In multi branches management, there are vital functions such as from inventory, trading & finance perspective that needs to be well centralized, perhaps in the main office (headquarters) itself.

A real solution for multi branches management allows easy access for you to convey critical data from each branches on a real time basis, allowing all locations to operate in a standardized manner and be updated to stay on the same page. From management perspective, it is equally crucial to be able to obtain vital business intelligences gathered from all locations in a single reporting tool.

To many people's disappointment, common softwares that you can find off the shelf do not really allows you maximize the fullest potential and the power of network.

www.wavelet.biz