3 Factors that Drive the Decision for Medium Sized Companies to Switch to Dynamics 365 for Financial
The old adage, if it ain't broke, don't fix it is what has helped build your organization. Sales are up, profits are up, you've added more employees, and business is good. But good is not great and you want great. So how do you get great? By investigating what areas inside your organization could become more efficient and you quickly discover that your current legacy system is requiring more and more customizations to handle the organization's growth and these customizations are coming at a significant expense.
You ask yourself, "How does a growing organization not incur these expenses?" The answer is....a cloud based financials software from Microsoft. Here's the 3 factors that drive the decision for medium sized companies to switch to Microsoft Dynamics 365 for Financials:
1. Your existing system has become time-intensive to support as manual work-arounds are required to scale. Your organization is growing and growing quick. However, your legacy software is continually having to be customized to support this growth. How come nobody told you that many legacy accounting systems cannot scale easily to accommodate the complexities of a growing company without adding manual processes which are an additional cost? By using Microsoft Dynamics 365 for Financials you can scale up what you need in a matter of minutes by utilizing the other products provided in Dynamics 365.
2. Growth of staff exposes system up to security or data loss issues as users depend on local spreadsheets or workarounds.
Your organization has grown over time and to compliment this growth you've added more staff members. Recently you've noticed staff members complaining about having to re-key data into your accounting system because they are using Excel spreadsheets outside of the system for workarounds, reports, reporting, purchase orders, etc.
As companies grow, business operations and processes become more complex and most traditional mid-market accounting systems are not designed to handle this increased complexity without adding customizations. Microsoft Dynamics 365 for Financials virtually eliminates these issues with it's Office365 integrations of softwares like excel and word. Reports and documents can be shared in real-time without having to worry about security issues.
3. Legacy solution requires on premise infrastructure that takes too much time to maintain.
Is your on-premise legacy accounting system incurring significant expenses for upgrades, annual maintenance fees, system wide issues, and infrastructure upgrades? Cloud based financials software such as Dynamics 365 for Financials eliminate most of these costs and could save your organization significant amounts.
The following is a list of ongoing maintenance required for on-premise accounting systems that may be eliminated through cloud software:
Applying fixes, patches and upgrades
Upgrading dependent applications
Maintaining/upgrading network infrastructure
Do you want to know more?
Download the article How Do I Know We've Outgrown Our Existing System? This article will give you a more in depth look at some of the pain points organizations have experienced before making the decision to switch systems.