7528312960 550f0f0fc3 m Investing in accounting software
by MSP Social Media Team

Any software investment is quite an undertaking for a company and can easily be a resource consuming process. However, with good planning and a clear evaluation process, finding the right software for your company’s needs can be smooth sailing.

Many company’s see non business critical software as an unnecessary investment when the truth is that the better choice made in support function software, the more time and resources can be focused on business essential work. If you’re not an accounting agency (in Finnish: tilitoimisto) and even if you use an external agency, it’s a smart move to invest in a robust, comprehensive financial administration software (in Finnish: taloushallinto ohjelma). Choosing the right software will help your company manage its people, processes and operations. For smaller companies, it will also free up people’s time to work on billable projects and for bigger companies it will minimize clutter and confusion. For this reason, it’s important not to go for generic products, but rather a solution that answers your company’s specific needs.

With mainstream products you’ll often end up paying more for the customized solutions that your company is looking for. By evaluating carefully what a software provider is offering with its licence fee, you can quickly cut down on unnecessary costs. The fee should include maintenance, support, training and version updates.

This might sound simple enough, but many providers have made it an art to hide these costs only to surprise you with them when you least expect it.

For many companies, scalability might be a long term requirement that should be highly prioritized. How many users does the licence fee include? How many sites can the software be integrated to? What technology has the software been built with and is there a risk of it becoming obsolete? It’s also worth looking at the software provider itself: is the product proprietary and is it the provider’s main product or just a by-product? And importantly, what business models does the provider offer?

For more information in Finnish, please visit: http://www.procountor.com

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