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Often the well-being of a business can surpass its ability to maintain that success. Success of the business, if not managed in the right way can lead to failure.

As your business grows, different problems and opportunities arise which demand different solutions – what worked a year ago might now be not the best approach. Managing growth is a vital part of nurturing a successful business. You will eventually add employees, suppliers and vendors, and a growing list of customers as your business matures. Steady growth and expanding operations into a new state, or even a new country, creates a new set of challenges that basic accounting software, simply can’t handle. If you are spending more time on redundant data entry, creating spreadsheets, and manually calculating varying sales taxes, then you are on a short road to data mishandling and mistakes.

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Growing Pain #5: You’re Putting Off New Business Opportunities

QuickBooks can be limited in the comprehensive functionality growing businesses need to support multiple sales tax rates, multiple currencies, and the sophistication to deal with a global economy. QuickBooks can require extra data entry and the workarounds add time to complete your business processes. What should only take a few minutes or hours ends up taking days or longer. You know you’ve outgrown QuickBooks if you’re creating work-around to deal with business growth.

Adding new office locations, working with vendors in other states or countries, and transitioning to the global marketplace requires a scalable and robust business management system. A business solution like Microsoft Dynamics AX can be just what you need to expand your reach. With the right technology, you can identify new business opportunities and not be afraid to take the steps to capitalize on new business growth.

Travis Perkins, Director of IT at EMIT Technologies notes, “Microsoft Dynamics provides us with a working strategy that fits well with developing and maintaining critical business solutions. Now we can focus on scaling our operation and developing new product offerings to support our customers.”

You can count on Microsoft Dynamics business solution software to help you support and grow your business.

This blog series addresses some of the common signs businesses like yours are outgrowing QuickBooks and how Microsoft Dynamics AX is the business solution that helps keep you on the path of growth. If you missed the previous postings, you can view them here:

Growing Pain #1:The Rubber Bands Holding Your Business Together Are Keeping You Up at Night

Growing Pain #2: Managing the Books and Cash Flow Isn’t As Easy As It Used to Be

Growing Pain #3: A Lack of Control and Weak Audit Trails Create Business Risk

Growing Pain #4: You Can’t Move Forward When You Keep Looking Back

Download FREE eBook! Grow Your Business with Confidence A Guide for Businesses Outgrowing QuickBooks

Source: Microsoft

Topics: ERP