How do you choose your accounting technology?
It’s easy to get excited about new technology solutions, and all the bells and whistles they offer. But if you rush into a decision, you could wind up with a patchwork of hardware, software, and network components that don’t really meet your needs. To get the most out of your technology investments, it’s important to take a step back and evaluate what you hope to accomplish. Fortunately, there are some steps you can take to make a strategic, informed decision.
Start with your business objectives.
Take the time to identify your short-term and long-term business objectives. This will help to ensure that your technology solution is aligned with the overall goals for your company.
Decide what you want your tech to do.
It’s tempting to start out looking at all the things that different solutions can do. But what’s really more important is what you NEED it to do. So rather than starting out with the features and benefits of a solution, figure out what problems you’re trying to solve and what challenges you need to address. Then evaluate your options based on those needs.
Involve a cross-functional team.
Too many companies think that choosing an accounting solution is the responsibility of the IT department. But your list of business objectives and technology requirements will be more robust if it’s developed by a team of people who both use and administer the technology. Be sure to include representatives from management, IT, and all relevant employee groups.
Consider the client experience.
Your technology choices shouldn’t only make life easier for your employees. It should also make work more manageable for your clients. Evaluate your options based on whether they will make their lives easier. Don’t make the mistake of thinking that your clients won’t embrace new technology; take the time to sell them on how a solution can benefit them.
Ready to choose new accounting technology? A cloud-based accounting solution like Sage Intacct could be the answer. Sage Intacct provides access to real-time data, eliminates cumbersome manual processes, and offers custom dashboards and reports that give you an in-depth view of your financial story. Call MicroAccounting today at 855-876-3773 to find out more.