5 Signs your accounting software is holding you back
Small business success in Australia increasingly depends on effective online systems—especially if you want more freedom and less time spent managing finances, tax, inventory, purchasing, production and reporting.
Free or standalone accounting software may not be the best solution. If you’re growing quickly, basic accounting software can be limiting.
You may find you keep buying more applications or creating additional spreadsheets to get the right level of oversight, detail, and accuracy. It gets messy, fast.
There is a better way, and it’s affordable for SMEs
Many SMEs find that efficiency, clarity, and scale is only possible with integrated, enterprise systems.
Unlike accounting software, an enterprise solution:
Gives you business-wide visibility of what’s happening and why
Fully captures and combines data from all business activities
Connects the dots between strategy and outcomes/profits
Gives you nuanced analytical and predictive capabilities
Get help to simplify how you run your business with an ERP solution.
Noticed these ‘growing pains’ in your business?
- Information is siloed within teams and multiple, disparate systems in use
- Manual workarounds and spreadsheets are required to get the outputs you need
- Decision-making is delayed because you can’t access information fast enough
- You can’t identify trends or confidently forecast demand and set budgets
- End-of-month and ad hoc reporting is time-consuming and not always reliable
- You don’t have a clear view of which activities, products and customers drive profits
- You’d like to expand or diversify but setting up new systems feels too hard
Don’t take our word for it
More than 300 Leverage Technologies customers across Australia have upgraded from accounting software to ERP to help their businesses grow.
End-to-end software with accounting built-in
Investing in integrated systems that include accounting tools is a long-term strategy—it creates a foundation for ongoing digital transformation and business growth.
ERP solutions can help you improve the way you manage all key business functions: including sales, marketing, inventory, purchasing, financial management, production, payroll, service, and business intelligence.
However, today’s ERP systems are modular and you can tailor and extend the system to meet your precise requirements.
Start small, get big faster
Start with a focus on finance and then introduce more modules or integrate other features as needed, all within one platform. Deploy in the cloud for even greater agility and the ability to effortlessly scale your number of users and locations.
A “phased” implementation of an ERP system lets you:
- Better understand and control profits, costs and cash flow
- Automate and improve many accounting procedures
- Easily generate real-time reporting you can depend on
- Improve customer service through on time in full delivery
- Automate purchase planning
- Manage finances across multiple entities and countries
- Segment finance data to analyse divisions/teams/locations
- Integrate CRM, purchasing, inventory and manufacturing
- Improve workflow and communication across the business
- Streamline your BAS, tax management and banking
Build a platform for further growth
A good ERP system with robust core functionality provides a baseline for further growth – a “foundation layer”. You can add to the solution as your requirements become more complex.
Common ways we’ve helped SMEs extend their ERP system functionality:
Expense management
Accounts payable automation
Approvals
E-commerce website integration
Electronic Data Interchange (EDI)
Advanced reporting and BI dashboards
A wireless warehouse with barcode scanning
Inventory management and logistics
Manufacturing and production planning
Field services management
Purchase planning and workflow
Automated debt recovery and debtors management
Customer relationship management
Field sales and remote order taking
Hear it from our customers
Yes, modern enterprise solutions are made for SMEs!
Innovative ERP software from leading vendors like MYOB, SAP and Sage are:
- Flexible enough for SMEs in diverse industries and markets
- Affordable, fast to implement and deliver a quick time to value
- Configured to match your processes, workflows and reporting
- Customisable by role, mobile-friendly and easy-to-use
Learn more about world-class ERP solutions we support
Compare the benefits of an ERP solution over standard accounting software:
2. Enhance customer service
- Consolidate customer info in one database
- See order status to improve customer communication
- Improve processes to deliver on time, in full
- Balance stock levels to avoid outages and delays
- Streamline pick and pack, and delivery processes
3. Improve team productivity
- Automate and improve key processes to save effort
- Give all employees better data relevant to their role
- Avoid manual workarounds or time spent merging data
- Improve collaboration and cross-functional workflows
- Eliminate overtime or the last-minute deadline rush
- Give your team true mobility for remote and telework
4. Boost strategic decision-making
- Give managers real-time access to high-level insights
- Make all reporting mobile, easy to generate and share
- Analyse data from multiple sources for a clearer view
- Segment data about customers, products and divisions
5. Adapt and grow more readily
- Embed greater accountability, visibility and flexibility
- Set workflows, processes & approvals for structured growth
- Access scalable architecture and cloud computing
- Create a foundation to embrace AI, IoT, & big data analytics
Confused by your ERP Software Selection Process?
Your 17 point guide to choosing the right ERP solution for your business.
Small Business to Digital Business
Your Guide to moving from accounting software to ERP to help your business grow.
Is your small business ready for an ERP solution?
If you answer ‘yes’ to the following three questions, you’re ready for an enterprise system
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Do the business benefits justify the investment?
Step back and consider the purpose of your business systems and your growth plans. Is accounting software robust enough to give you a competitive advantage? Or is a single point of truth the key to unlocking cost savings, productivity gains, and improved customer experience? If there’s clear potential for positive ROI, an enterprise system is a wise choice.
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Do you have the budget to implement and support an ERP solution?
Cloud-based ERP solutions allow you to use operating expenditure to pay monthly, reducing capital costs through a subscription-based SaaS model. However, you need to budget for implementation and on-going support.
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Do you have the internal resources to implement an ERP?
Your ERP implementation partner will lead the way—but the time, ideas, and personnel you contribute are important factors in whether your implementation is a success. Your team will need to be actively involved in scoping, data conversion, testing, and training.
The right partner makes an ERP Solution more affordable
Once you’ve decided, choose your implementation partner carefully. Cost blowouts occur when implementation projects are poorly managed. Look for an ERP software provider that takes time to understand your business and has effective and proven implementation processes.
Recognised by the top ERP Partners in Australia
Leverage Technologies is an SAP Business One and SAP Cloud ERP Gold Partner, a Sage Platinum Partner and an MYOB Acumatica Platinum Partner. Our team has won some of the most prestigious national awards as proof of our commitment to customer success.
Leverage Technologies partners with the best ERP solution providers in the world to deliver value and business benefits for our customers. In recognition of this, the team at Leverage has won over 16 partner industry awards for excellence in the ERP industry.
Get in touch with us
To learn how a new ERP system can transform your business, call 1300 045 046 or submit the form below.