No matter the size of business you have there are a handful of well-known financial solutions that many companies will use when starting out. But may continue to utilize even though there are some limitations. Most commonly the tool is great for the early days but as time goes on and the business evolved the needs of business and software must evolve too. We will discuss three of the most common limitations that cause CFOs to look for an alternative.
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The decision to upgrade your Enterprise Resource Planning (ERP) software can be a difficult choice. Many businesses see that their current solution is running “fine” or they can deal with areas it is insufficient, however, there are associated expenses to remaining on old software, and you may be missing out on more than you are aware of. Upgrades deliver improved functionality and other important features that you shouldn’t ignore, at least not long term. In this blog we will discuss the benefits of upgrading your ERP solution and why it is important to stay up to date.
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Nowadays, accounting software can be found in organizations of various sizes. After all, technology has significantly evolved and has since become an essential aspect of managing your business. However, as your business grows, the inevitable will happen - your accounting software simply isn’t enough. Whether it be due to changing external factors or internal needs, it’s essential to recognize when it is time to move on.
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Like clockwork, the calendar year rolls over and every accounting department braces for the surge of year-end and tax time tasks. This year organizations face some added fields which are now required in relation to COVID-19 relief and assistance which need to be reviewed on individuals’ tax slips.
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As we close out a monumental year for change in business and our ways of life. Somethings have remained a constant - payroll and taxes. With the new changes to the end-of-year process and taxes related to COVID-19, do keep your eyes open for updates from the Canada Revenue Agency (CRA).
More and more businesses are adopting new technology and automation to improve efficiency and accuracy, however, it may seem like a daunting task to adopt new processes and leave your traditional ones in the past. Accounting is a department that can highly benefit from automation by eliminating manual data entry, which can free up availability and resources for your organization. In this blog, we will discuss why businesses are moving away from manual data entry, and the steps to begin your journey to automation.
Working from home is no longer a luxury only a few have access to. Since the COVID-19 pandemic has begun, companies and organizations have had to reshape the office environment, with a majority of the office workforce working from home. With that transition, many employees have had to pay out of pocket for upgrades and technology. The Canadian Federal Government has acknowledged this in it’s Fall Economic Statement, which was released on Nov. 30, and announced that it would make it easier for Canadians to claim expenses up to $400.
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With the many changes to the business landscape, BAASS like other companies has had to adapt our strategies and best practices in order to remain successful. One way we have adapted is by bringing our 25th year of the Largest Sage End User Conference to a virtual space, sharing with you adaptive business approaches to current times and how to best utilize existing systems as well as how to improve in the future. In this blog, we will discuss five ways BAASS Connect has transformed in 2020.
