The best accounting system is not necessarily the one with the longest feature list. It is the system that fits the organization’s reporting needs, transaction volume, controls and staff capacity.
Evaluate the full requirement
- Required financial and management reports
- Number of users, locations and approval levels
- Inventory, payroll, fixed asset or project accounting needs
- Integration, import and export requirements
- Data security, backup and audit trail
- Implementation, training and ongoing support
Documenting requirements before speaking with vendors makes demonstrations more useful and reduces implementation risk.