Tayana Solutions

cloud based ERP

Switch to a full-fledged cloud-based ERP instead of an accounting software?

Time to move towards a cloud-based ERP!

Are you still using standalone accounting software to manage the accounting, financial reporting, invoices, or payables? 

There is no doubt in the fact that accounting software solutions are adept in effectively managing all the financial operations, accounting, invoicereceivable, and payables. But their functionalities are only limited to that. And an organization is not only limited to its accounting, is it? 

Hence, it will be a judicious choice to invest in a cloud-based ERP like Acumatica that can streamline and simplify all the departments with interconnectivity and boost efficiency.  

Not convinced? 

Fret not! 

We are going to help you make a well-informed decision regarding investment by looking at the difference between a cloud-based ERP and accounting software.  

  • Functionality:

Stand-alone accounting software can efficiently manage all the tasks related to standard accounting, banking, and limited reporting. But they cannot take care of the supply chain, human resource, warehouse, sales. Such is not the case with a cloud-based ERP like Acumatica 

  • Features:

In a cloud-based ERP, accounting and financial reporting and management are inherent as a feature and capability along with others. Thus, with a cloud-based ERP like Acumatica, you get completely integrated operation across the different departments of the organization for simplified processing. But accounting software on the other hand cannot seamlessly integrate all the necessary functions as a cloud-based ERP.  

  • Customization:

You can not customize the accounting software to meet the industry-specific needs of the business. But you can configure and tailor cloud-based ERP to the business-specific requirement for increased productivity and profitability. Hence, a cloud-based ERP system like Acumatica can prove to be a single effective tool for simplifying the complexities of business covering all the important and major aspects and managing them efficiently.  

  • Compliance:

It is difficult for stand-alone accounting software to comply with the GAAP standards. But, a cloud-based ERP makes sure that every operation is being performed keeping into consideration the standards and norms laid down by the regulatory bodies, financial regulations, and tax laws. Thus, compliance is an uncompromised factor in a cloud-based ERP.  

  • Data insights:

Cloud-based ERP gives the business the power to make a well-informed decision. Therefore, with real-time data insights on the market statistics and customer behavior, you can strategize effectively. Accounting software has its limits. A cloud-based ERP like Acumatica can easily integrate all the financial information in a single database. This will thus provide your business with real-time information to make the right decision.  

  • Integration:

Another important aspect of running a successful businesslike customer relationship management, sales management, and order processing is not covered in the accounting software solution. But a cloud-based ERP like Acumatica can seamlessly integrate and manage the different aspects of the business without any hitch.  

Here we have carefully elaborated all the major differences between accounting software and an ERP. Hence, now you know the former is the subset of the latter. Consider the aforementioned in mind before making any investment.  

If you are planning to invest in cloud-based ERP, Acumatica,  is your answer. Our ERP experts will be more than happy to implement to make your business productive and efficient.

To know more, reach out to Tayana Solutions ERP experts, today!