Avoid These Accounting Platform Implementation Mistakes

Implementing an accounting platform is the most effective way to simplify your accounting efforts considerably. A well designed and functional tool allows you to streamline your processes, moving from a manual system to one that enables you to configure and migrate data and reporting in one system.

Cloud systems are also the future and you should consider this as your first choice for many reasons shared in our Cloud Vs On Premise blog. Centralised dashboards allow for greater collaboration between teams, while added security and controls ensure total peace of mind.

There a few things to keep in mind when making the transition to a new system. Keep reading to find out what mistakes to avoid when implementing your accounting platform. 

Mistakes to Avoid When Implementing Your Accounting Platform

Some of the biggest mistakes to avoid during your accounting platform implementation include the following:

Failing to do an assessment. 

Implementing your platform without a complete business and management reporting requirement assessments will limit your business. In order to ensure a successful implementation, you will first need to know exactly what your business needs from the platform. This will ensure that your specific requirements are aligned, which will give you the full benefit of the platform. 

Failing to evaluate the product.

There are many product options available, once your business requirements are understood you should assess options that will serve you for the long term. Test and evaluate the software thoroughly for features, ease of use and how it can grow with your business. Making short term decisions on a product lead to many issues when you outgrow its capabilities. These can include costly data migrations, new project costs and training your business to operate the system.

Failing to use product functionality

Many platforms have features that can simplify the accounting processes and reduce errors. These require a good understanding and experience of implementing the product which may you to bring in external expertise to support your implementation. Ensure your partner is qualified and experienced in advising and implementing the product to its full potential. Some tips are discussed in our Implementing Accounting Software whitepaper.

Failing to have a launch plan. 

You will also need a comprehensive launch plan in place. Launching without careful planning will make it far harder to implement any new system. Regardless of the size of your company, you will need a best practice framework as well as documentation that will reduce potential issues during the implementation. 

Failing to involve your teams. 

Finally, it is also essential that your teams are involved during each step of the way. Trying to migrate to a brand new accounting system without any type of training or preparation can be disastrous. This will increase frustration and make it far harder to see any benefits from the platform. Make sure that your teams are fully prepared before your launch.

About ISM

We know the challenges your business faces when operating cost effective, compliant, and efficient enterprise processes. At ISM, we have invested in the best business workflows and IT methodology and standards.

Our approach and solutions automate internal operations to deliver superior efficiency, improve customer and revenue processes to drive growth while providing operational transparency and insight.

Our solutions are specially designed to meet the country regulations and put you in control of your information help you make better business decisions.

Your business can rely on ISM as a partner that focuses on quality-driven delivery, managing risks and continually innovate to deliver superior solutions.

Schedule a no obligation consultation with us today! See how we could transform your enterprise to the next level of productivity and performance. Contact us at +971 43445338 for more information.