Contact us
Content

What makes a great accounting software?

Accounting software is indispensable for the efficient running of businesses. In a nutshell, it helps businesses track their accounts receivables and payables in order to manage cash flow and plan taxes.

There are many accounting softwares available in the market at different price points with various pros and cons. So how do you pick a great accounting software that becomes your business ally today and in the long haul?

Finance Blog Articles
Posted 12/07/2022
Team mates discussing accounting matters in the office

Do you have a comprehensive accounting software that brings all your accounting solutions in one central place, making you more efficient and in control, while giving you real-time visibility and insight across your entire organisation? Consider the following questions to identify the accounting software you need for your organisation.

Is your software more than just an accounting software?

Some solutions are more than just accounting software. They are actually enterprise resource planning (ERP) software, which connects all the complex, day-to-day processes of a business into one single, simple system. A really good ERP software solution will completely automate the back-office functions of your organisation including sales, inventory, financials and operations. It should also allow integration with other key organisation systems like HRMS/payroll so that you can get a holistic picture of your company’s performance. It will help make the organisation more productive and operations more efficient. Most importantly, you will have peace of mind knowing that the decisions you take are based on reporting that is 100% accurate.

If you are unable to have an ERP software solution, you might have to settle for a good accounting software. Things you should be able to easily accomplish with accounting software are:

Is your software built to scale up?

Some software solutions do not offer room for scalability or growth. They do not grow with the business and the number of users. As if the software intended for you to stay small! You should ensure that you do not restrict your business with such a software system, but rather commit to one that understands your aspirations and grows with you.

How does your software system adapt to changes?

As global and local business landscapes are constantly changing, organisations demand a modular and flexible system that is not just reliable and efficient. But one that is also compliant to the regulations of LDHN, configurable, intuitive to use and able to handle ad-hoc and unexpected cases. Can the software adapt to changing demands and provide updates due to legislative changes?

What does customer support look like?

Does the software provider offer help and support in real time? Or does it expect you to email them your issues and wait for the reply indefinitely? Unfortunately, most software supporters require you to first email them and wait for a response, which can be a matter of days. This can become a frustrating wait and waste critical man hours. Choose a provider with a local support team that can respond and resolve your challenges quickly.

The Access advantage

At Access Group, we have created a financial management platform built to aid growth. It is rich in functionality, delivering a full suite of financial management modules and core accounting functionality. With our simplified and modern user interface, transform complex and critical financial reports into easily understood data. We offer real-time insights that allow you to act proactively knowing you have the right data at your fingertips.

The modular design means you can build an integrated financial system, capable of managing the unique needs of your organisation – now and in the future. We scale up with ambitious organisations!

In addition, Access solutions have a host of features that users can tap on to meet their unique business processes or industry requirements. For example, Access EasyPay has the Time Management (EasyTime) or Employee Self Service (ESS) modules to add to an organisation’s overall efficiency when it comes to employee management.

We are always on hand to help and support in real time. Our involved community serves as an additional resource for users to troubleshoot any of the issues by themselves. We are with you at every step of your journey – not just when things go wrong – with resources, events, e-learning modules, community forums, software upgrades and technical advice.

Not surprisingly, we have been creating market-leading and award-winning software solutions for over 30 years now. The Access Group is a leading provider of business management software and today nearly 50,000 organisations around the world across commercial and not-for-profit sectors have become more efficient and productive using it.

No matter what the type of industry you are in or the number of employees in your organisation, the accounting software from Access Group is something you should seriously consider. It is cloud-based and comes with a government grant to implement. Whether you evaluate us on cost, features, scalability or ability to integrate with existing or new systems, we are sure to come on top.