Let me tell you a Red Flag story. There are 15 of them. And just like the famous Aesop stories, each Red Flag story has a moral at the end.
Only these stories are not made up. They are all true, and they all have the same moral for businesses: Don’t put off your ERP upgrade for too long.
Here is one example from a real business that manufactures and distributes boat accessories
As this business grew, its entry-level accounting system became overwhelmed by increasing loads of data. What were the red flags indicating the need to upgrade to an ERP system like Microsoft Dynamics GP?
- Slow performance--reports took longer and longer to generate
- The system became unstable, often freezing, locking up.
Because of waiting too long to upgrade, the company suffered user frustration and worries about data integrity. But wait! This story has a happy ending. As soon as they upgraded to Dynamics GP, transaction and data volume was no longer an issue.
A second story, also contributed by CAL Business Solutions, concerns a non-profit ready to apply for grants. To their dismay, they discovered that their accounting software lacked the functions they needed to be GAAP compliant. This lack of controls and transparency meant that they had no chance of being awarded any grants.
The red flag? A lack of compliancy with established accounting standards.
Once again though, Microsoft Dynamics GP brought this story to a happy ending. It stopped the loss of grant money by providing the audit trails, controls and transparency needed for successful grant applications.
Read the rest of these stories, each with their own red flags, in the white paper
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Your legacy accounting system may be waving one or more of those same red flags at you. If so, call CAL Business Solutions at 860-485-0910 x4 or [email protected].
By CAL Business Solutions, Microsoft Dynamics GP Partner,