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AcctTwo Blog

7 Tips to Avoid a Bad ERP Software Choice

The experts at FindAccountingSoftware.com have helped thousands of businesses evaluate and purchase ERP software solutions. Their blogger-in-residence, Adam Bluemner, recently posted a great list of tips for making that evaluation and purchase successful. They're all important, but our favorite:

Topics: Blog accounting software Software Total Cost of Ownership (TCO) Software Evaluation Software Return on Investment (ROI) Consideration

ROI Case Study: Canto - Moving from Dynamics NAV (Microsoft Navision) to the Cloud

With plenty of talk about the benefits of moving your systems to the cloud, it's always good to get a dose of reality. One way to do that is to see a real-life example. We'd like to share a case study with you that really gives details on the actual ROI for moving your business' financials from Navision to a cloud-based solution. Some background about Canto:

Topics: Blog accounting software ERP Software Total Cost of Ownership (TCO) Intacct cloud accounting Canto Cloud Computing / SaaS Software Evaluation microsoft dynamics White Paper Software Return on Investment (ROI) Microsoft Dynamics GP Replacement Dynamics NAV Informational Case Study Decision

Has Your Boss Tasked You with Evaluating a Software Purchase?

Are you the VP of Finance or a manager in your company's accounting department? Or are you an accounting department team member? Are you the wearer of many hats at a small, fast growing company? You might handle scheduling, purchasing, invoicing, even answering the phones. But now you've been asked to add to your plate the research and evaluation of a new, more sophisticated accounting or enterprise resource planning (ERP) software solution. To top it all off - you're not going to be the one who makes the decision in the end.

Topics: Blog ROI TCO accounting software Software Total Cost of Ownership (TCO) Software Evaluation software selection Software Return on Investment (ROI) Informational Functional Requirements Featured Posts Consideration

Interview with an Expert: Switching from Microsoft Dynamics GP to Intacct

When migrating to new financial management and accounting software, there are many important considerations. For example, you need to look at what your current system can't handle and what an ideal new system would look like. You also need to make sure that any new solution can accommodate not just your present needs, but also your needs well into the future. Even though it can be a tough decision to switch to a new system, when the benefits outweigh the cons, it's time (or more like, well past time) to make a move.
Topics: accounting software Software Total Cost of Ownership (TCO) Intacct Cloud Computing / SaaS Software Evaluation Software Return on Investment (ROI) Microsoft Dynamics GP Replacement Videos Multi-Entity and Consolidations Decision

Why Should You Spend Money on Software?

Don't Focus on the Software's Price-Tag, Focus on the ROI

An obvious question and subsequent discussion that comes up in this business is "How much does a software solution cost?" When a customer sees the price tag associated with any software purchase, there is an immediate, visceral, human reaction. The customer or company has most likely determined a specific budget for the new tool that's being considered, and even if that assessment hasn't been made with due diligence, there's some sort of ballpark number in most people's heads, or at least a limit, when they start to look at what's available. What often quickly gets lost is the return on investment of those solutions. 

Topics: Blog ROI return on investment accounting software information systems Software Total Cost of Ownership (TCO) SaaS accounting outsourcing Software Evaluation Software Return on Investment (ROI) Software as a service Informational Featured Posts total cost of ownership Consideration

Switching to the Cloud: TCO Calculations

In my last blog entry, I covered the cost benefits of moving to the cloud – the time and effort saved from eliminating hardware and the gains from using world-class IT services in the cloud. But the best way to quantify the cloud versus on-premises total cost of ownership benefits for yourself is to use a total cost of ownership (TCO) calculator. Here are two excellent online tools that you can use to do exactly this:

Topics: Blog accounting software Software Total Cost of Ownership (TCO) Intacct Cloud Computing / SaaS Software Evaluation Consideration

What Is The Total Cost of Ownership of Your Finance and Accounting Function?

A few weeks ago I wrote a post about the total cost of ownership of your accounting software. As I pointed out, there are many more hidden costs of owning and operating your own enterprise accounting software than many people realize. If you haven't read that post, you might want to read it first, as this post builds on the concepts already introduced there. This post discusses the total cost of ownership of the entire finance and accounting function, including the enterprise accounting software and all the other costs.

Topics: Blog outsourced accounting accounting software shared services back office FAO Software Total Cost of Ownership (TCO) CFO F&A outsourcing Outsourcing accounting outsourcing Software Evaluation controller outsourced finance and accounting outsourced back office Accounting Featured Posts bookkeeping total cost of ownership

What Is the Total Cost of Ownership of Your Accounting Software?

As a business owner or member of the senior management team, you know that it's a good practice to evaluate multiple alternatives to a particular requirement or solution. If you are considering buying products or services from potential vendors, you probably get 2-3 quotes from different vendors, and evaluate them on the merits of their cost as well as the nature and quality of the services they can bring to the table.

Topics: Blog TCO accounting software information systems Software Total Cost of Ownership (TCO) CFO SaaS Software Evaluation Software as a service controller Cloud computing Featured Posts total cost of ownership