CFO Edge Logo
  Home > Resources > Accounting System Selection Article  
     
 

How to Choose the Right Accounting System

 
  Mark S. Becker, Partner, CFO Edge, LLC  
   
  Open as PDF Open the entire article as a downloadable PDF (No form completion is requested.)  
     
  Article Summary  
Selecting a new accounting system can be a daunting task given the large number of business accounting systems available.

There are many trade-offs to be considered during an evaluation. The lower initial costs of off-the-shelf packages need to be balanced against feature and scalability needs. Higher-cost ERP solutions bring rich feature and function sets but may require customization to realize their full potential.

The multiple benefits gained when deploying the right accounting system underscore the importance of having the right resources and right processes in place during the needs assessment and evaluation stages.

Executives who are looking at upgrading to a new accounting system can benefit from talking with a CFO services professional who has participated in accounting system evaluations for small, mid-sized and large businesses – and who has participated in these evaluations as both a client and as a service provider.

An on-demand CFO can apply proven processes to ensure the right evaluation steps are taken - from assessing accounting, reporting and feature requirements to creating RFPs, participating in negotiations with shortlisted vendors, and reviewing the final contract.

  Open as PDF Open the entire article as a downloadable PDF (No form completion is requested.)  
     
Subscribe to CFO Inside Edge

Our monthly newsletter delivers first notice of new white papers and articles plus remarks on performance challenges and solutions. View past issues and subscribe.

 
 
 
CFO or Controller: What's Right for Your Business?
White Paper
CFO or
Controller:
What's Right
for Your
Business?
Outsourced CFO Services
White Paper
Outsourced
CFO Services
Performance Measurement
White Paper
Performance Measurement
Strategic Planning & Forecasting
Brief
Year-End Strategic Planning & Forecasting
Planning a Business Exit White Paper
White Paper
Planning a
Business Exit
 
CFO Edge Blog CFO Edge on Twitter CFO Edge on LinkedIn
 
Intuit Certifications