ERP Software

Accounting ERP

It would be a very safe bet to take that a business in today’s economy which is considered growing, thriving, and successful is using ERP, or enterprise resource planning, software in order to ensure it is running as efficiently and effectively as possible. It would also be safe to say that the same business was running Accounting ERP software because almost every accounting department, in large businesses and even businesses with more than just a handful of employees, make use of some sort of accounting software, and most often this is accounting ERP software.

Accounting ERP software solutions are powerful systems that support business accounting tasks such as managing invoices, employees, vendors, and inventory. Companies have to be able to print invoices, track expenses, receive payments, print labels, and manage product or services. Perhaps when very small, these functions could be performed manually, but as a company grows, it becomes more and more difficult to continue to handle things by hand. This is particularly the case with bookkeeping procedures, which is why accounting ERP software offers numerous accounting and management tools in one ERP system. Using accounting ERP to automate tasks is essential.  Automation allows for both controlling the incidence of human error and speeding up processes. Accounting software can support business financial operations by streamlining and automating transaction processing and other critical activities.

Good Accounting ERP is able to support supply chain management; inventory management; human resource management; finance; accounting; manufacturing planning; and sales and distribution.

In the past, businesses have shopped for accounting erp software in much the same way they shop for any enterprise resource planning. Once a company decides to purchase accounting software, there is a detailed process that begins with identifying what needs the erp should address. The next step could take months as the company embarks upon a discovery of which erp software package is the best fit that solves all, or at least most, of those problems. After the selection has been decided upon, and a vendor is chosen, a company can finally start the implementation process which might require updating hardware, customizing the system, and training the workforce. Still and all, even with all this careful preparation, research shows that a full three quarters of on-site accounting software implementations are in the end considered failures.

A company called Intacct saw the high economic and emotional cost of failure and decided to enter the market in a way that might eliminate some of the troubles that consistently led to huge disappointment. Today, Intacct is an award winning cloud financial management and accounting system specifically designed to make finance departments more productive and effective. Cloud computing, defined as having the application anywhere on the internet and delivered to the business through "the cloud" has become a major trend in recent times and the benefits are now widely understood. Delivered over the Internet via the Cloud, Intacct has been able to considerably reduce IT and operating costs, while establishing a far lower total cost of ownership than more traditional client-server financial software.

Named by the AICPA as its number one provider of financial applications, Intacct has helped thousands of companies, from startups to public corporations, get better. The Intacct system consists of accounting, contract management, revenue recognition, inventory, purchasing, vendor management, financial consolidation, and financial reporting applications, all delivered over the Internet via cloud computing. Business clients of Intacct have reported that enhanced financial, managerial, and operational reporting and analysis have led to better cash cycles, less sales outstanding days, optimized cash management, reduced operating costs, and increased business value.

Cloud computing is also a reality for webERP users.  webERP is a web based accounting ERP system.  It has an extensive range of features and it is fairly easy to use since all that is needed is a web-browser and pdf reader. The codes have been deliberately kept simple because that encourages modification should another function be required. It also gives businesses the power to customize the software so it performs exactly the way the business needs it to.
webERP can be configured on any operating system and the computer processing requirements are surprisingly light. Although webERP can be run over an internal LAN, third party web-hosting external to the business actually diminishes the IT costs of maintaining any significant server hardware. When only a router and connection to the internet is required to use the accounting ERP system, the business is released from obligatory expenses such as paying for IT infrastructure and licensing.  

Interestingly, the estimable growth of webERP has happened solely through word of mouth testimony - there has never been a marketing or advertising push to "sell" webERP. Since there is no commercial incentive to push for free software, this growth is truly built on reputation and solid practical functionality that works. As more companies join Intacct or webEP, their successful experiences continue the trend.

Written by :

Amy Cruz