Right-Sizing the Accounting System: ERP Selection / Deselection

< 1 min read

Services: CFO/Advisory

We often come across companies that have either outgrown their existing accounting system or are on an ERP (Enterprise Resource Planning) system that is overkill for their needs. After evaluating their needs and workflow, we helped a small startup that was on a mid-market accounting system convert to QuickBooks Online. And we have also assisted rapidly growing companies determine when it was time to move off of QuickBooks or Xero to an ERP. After working with a mid-market service-based company for a few years, and maximizing the use and functionality of QuickBooks and relevant apps, it was time to upgrade them to an ERP. The client needed an integrated solution that handled the full order to cash process, from a CRM to scheduling, and from purchase orders to full financial reporting. We mapped the clients’ workflow, disparate and manual processes, met with the leadership team extensively, and came up with a prioritized list of requirements. We then went to the market to find a solution that met as many of the needs as possible. We pre-vetted the systems using the requirements and brought a shortlist to the client. After going through the demos themselves, the client selected a system and worked with the ERP team to integrate. We stayed on in a pseudo project management role, to ensure that the system roll-out and any customizations met the objectives of the client as we determined in the requirements.

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