From QuickBooks to Netsuite
WHY GROWING COMPANIES ARE MAKING THE SWITCH
As your company grows and accounting becomes more complex, you’ll find that entry-level accounting software has its limits. Handling advanced business challenges using spreadsheets and multiple applications just won't work anymore — which is why companies often upgrade from QuickBooks to NetSuite.
Our experienced NetSuite team at Kraft Enterprise Systems has compiled a list of resources below that can help you see how this powerful ERP system can help you take your business to the next level by automating processes, increasing efficiencies, and lowering operating costs.
Wednesday, October 19
11:00-11:45 am (CST)
As an entry-level accounting system, QuickBooks is a logical choice for small businesses and entrepreneurs looking for an easy way to track basic finances. And it works—until it doesn’t.
NetSuite’s QuickBooks expert dives into the biggest challenges businesses face on QuickBooks and how NetSuite addresses those challenges. She discusses QuickBooks lack of reporting capabilities and business process tools, obstacles to managing multiple subsidiaries, and common fears of moving off QuickBooks.
For most businesses, QuickBooks offers a functional, entry-level accounting system that can meet their early needs. But with growth comes the need for a more sophisticated accounting system and stronger financial and inventory controls.
Many ERP systems on the market are powerful, but not flexible. They either require a complete change in the way you operate your business, or they force you to spend big bucks on customizations to fit your business processes. NetSuite offers a better way!
For most businesses, the key to growth and success lies in greater transaction volumes and speed. But with that volume also comes a need for more complex accounting systems and stronger financial controls.
When demand for your product grows, your revenue grows. And when your revenue grows, your finance team grows. And when your finance team grows, your behind-the-scenes systems can get wildly disorganized. It’s no surprise, then, that many CFOs switch from QuickBooks to NetSuite.
When meeting with prospective customers, we are often asked: “When is the right time to move from QuickBooks to cloud financials?” QuickBooks is an excellent and cost-effective solution when companies are getting started; however, many of our customers found it was not the right choice for them long term.