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Accounting Software Selection: Best Practices for Tech Firms

Monday, August 6, 2018   (0 Comments)
Posted by: Gary Hotze
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Article provided by Plante Moran

 

If your company is on a growth trajectory, chances are (very) good the small business accounting software you've been using since launch is starting to fall short. And with investor demands for financial accounting controls, it can be all too easy to speed up the selection process for new software and forgo key best practices.

 

The results of hasty decisions can be costly. Expenses can quickly surpass estimates (and budgets), and the "solution" may not actually do what you need. Over time, sunk costs can take away from R&D and stifle further growth.

 

There's a lot to consider, including the unique needs of the business, an ever-widening range of service models and capabilities, and — of course — cost drivers and price. Use these seven steps to home in on your current and future needs, do your due diligence, and implement the best solution for your business.  


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