5 Hidden Integration Nightmares You Can Avoid With the Right ERP Accounting Software
If only a company could just plug in ERP for accounting and then hang one’s boots to head for an evening on the beach. Neither is accounting that simple a business function nor do we have any ERP software for accounting yet that can work in the isolation of a lighthouse and still show light across the horizon. There is a myopic view of accounting that some still hold- till today. For them, accounting is more about data-keeping and compliance. It is all about numbers. It is all about keeping a proper count of stuff that matters to a business.
But any true-blue accountant would immediately interrupt that sentence and say- no, accounting is not just numbers. It is intelligence derived from numbers. It is the sub-text written between the numbers. Accounting is not a post-script but a core insight that drives strong, smart and well-timed business decisions. In the hands of a brilliant accountant, numbers are like wind. All one needs is a little breeze to predict the weather for the next few months. Rain, storms, sunlight, clouds, fog- no matter what the business goes through-it can be forecasted well by getting and reading accounting data.
So when you think of on-boarding any ERP accounting management software, you are thinking of something more than simply digitising those paper-files in the accounts department. You are thinking about a deeper automation and a well-carved path that lets intelligence be unlocked and truly shine. Something that can help your business to:
However, most accounting ERP software solutions face a stumbling block in delivering the above outcomes when they get caught in integration hiccups. Most integration challenges revolve around:
Most ERP & accounting management software in India slip on these areas and stop short of manifesting ERP investments into real ROI. The real value of accounting ERP software lies in the collaboration of data across various business processes. Without a seamless transferability of data from supply-chain to sales, for instance, it would be hard to trace profits, losses, costs, gains, lost opportunities and sunk investments in the entire chain. Integration is crucial. It cannot be done in a superficial way. It is not about simply adding data from two business areas. It is about letting them work seamlessly, intelligently and collaboratively so that they can translate into strong business insights.
When ERP accounting management software is able to talk, understand and work with other business process systems, then the enterprise is able to leverage true value and power from all the data. For that to happen, you will have to look for an accounting management software in India that is strong on:
The presence of Presence360 comes as a relief amidst these questions and expectations. It is a proven ERP accounting management software that has been turning out compelling transformations and tangible impact in many enterprises in India. Its ability to understand the connectors and corresponding aspects of one business process to another is quite useful. So is its expertise in transforming the accounting function from a book-keeping cobwebbed room to a sleek, smart and strong chair at the strategy table. Presence 360 changes ERP for accounting into a digital empowerment leap that helps an enterprise to completely leverage the power of business data, break risky patterns, watch spirals before they turn slippery, and dance well with other business functions so that the entire enterprise moves as one confident creature. It is not that easy to simply plug in accounting ERP software and expect overnight mixing of rows and columns across the organisation. Unless it is Presence 360 we are talking about. There is a reason it is called 360. The numbers, again, speak for themselves.
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