Top Four Signs You Are Outgrowing QuickBooks

By  Meredith Schultenover Managing Director, Kraft Enterprise Systems, LLC When we are meeting with prospective clients, we are often asked: “When is the right time to move from QuickBooks to cloud financials?”  In the past few years, we have moved several growing companies from QuickBooks to NetSuite. QuickBooks is an excellent and cost-effective solution when[…]

NetSuite vs Intacct: Key Differentiators

By: Meredith Schultenover [meredith@kraftenterprise.com] Managing Director, Kraft Enterprise Systems, LLC At Kraft, we have been selling, implementing, and supporting business software solutions for more than 20 years.  We have experience with multiple products and pride ourselves on partnering with software publishers offering the best solutions on the market for our clients.  We are constantly evaluating new[…]

Future-proof your accounting department

By Glenn Saunders Businesses are evolving and changing faster now than at any time in the past. While experiencing rapid growth and change, some private businesses falter under the weight of their own stature. A failure in financial reporting or compliance can quickly have a huge impact on corporate reputation and the company’s prospects for[…]

NetSuite vs Salesforce: Key Differentiators

NetSuite vs Salesforce: Key Differentiators By  Meredith Schultenover, Managing Director, Kraft Enterprise Systems Recently, a friend contacted me to ask my opinion about Salesforce.com (SFDC) as an option for a new CRM system.  This friend has also asked me in the past about ERP systems.  He owns a distribution company where they are running their sales[…]

Project management efficiencies lead to more profit for service companies

By Glenn Saunders – Project and resource management software can create efficient and repeatable business processes for service companies. There are various levels of maturity in service organizations as outlined in the Professional Services Maturity Benchmark Study from SPI Research. Project management software should allow for visibility into the project status, enable ease of communications[…]

Microsoft Dynamics GP 2016 – New Release

  By Hans Stabell, Kraft Enterprise Systems   Microsoft Dynamics GP offers a cost effective solution for managing and integrating general ledger, sales, supply chain, manufacturing, project accounting and human resources in addition to increasing visibility and improving oversight at all levels of the business. The new release of Dynamics GP 2016, planned for Spring[…]

The seven deadly sins of Excel-based budgeting

By Glenn Saunders Microsoft Excel is the most widely used information management tool among businesses. Smaller companies typically use it to track expenses, keep up with accounts receivable and manage critical information like payroll. Larger companies have ERP, accounting and/or HR systems to manage that information, but often use Excel for budgeting and forecasting. Many[…]

The Problem With Spreadsheets, Part 4: Tracking Budgets

It’s one thing to have a budget for your department or a customer project, but it’s another thing to actually follow it. Of course, you need to hit certain financial goals and deliver a product according to what you quoted, but how well can you follow a budget using a spreadsheet? Not very well indeed.[…]

The Problem With Spreadsheets, Part 3: Finding Meaning

Spreadsheets can be handy for collecting little bits of data and turning data into colorful charts. However, even with dozens of spreadsheets and charts, it could take hours or days before you can find an accurate depiction of your financial health. You can squeeze a lot of data into the neatly organized rows and columns[…]

The Problem With Spreadsheets, Part 2: Where Did We Go Wrong?

It’s easy to dot the “i” and cross the “t”, but not always as easy to remember to carry the one when working on a mathematical formula in spreadsheets. You often don’t see the formulas when scanning through pages and pages of financial figures. Then, as cells are connected to other cells on additional spreadsheets,[…]