onpoint Ltd
Choosing the right accounting software is not an easy task. To be honest, it doesn't happen that often, and very few of us can actually experience ERP software changeovers that often. It's certainly a decision that's not to be taken lightly and any hastened decisions will not lead to any good. Having said that, we still need to define the features which we are to look for when choosing the right system.
In this comparison, we have opted to put this into practice by comparing Microsoft Dynamics 365 Business Central and SAP Business One. Both systems are hugely popular and both of them have a couple of strong areas, thus we will go through the main factors which shape our thinking process:
Features - Features are pivotal in the decision making of any ERP/accounting software as they enable customisations to meet your industry requirements.
Flexibility - We won't be implementing an accounting system every other year, thus flexibility is a key matter
Cost - Cost is crucial as ultimately it all boils down to our Income Statement and Profitability
Scalability - Whilst no business starts off as a conglomerate still each one of us has that hope, or maybe just a spark of it, that one day the business will grow like hundred times its current operations.
Usability - The success of any accounting software implementation is highly dependant upon the user's feedback.
Reporting - The usefulness of the system is heavily dependant onto the level of information which may be extracted out of the sheer raw data which is recorded over the months or years.