BAASS Insights Technology Blog

It is common that the limiting factor in many businesses is the inability to scale or grow due to software. In order to grow, many business owners invest in a variety of systems and tools that do not connect with one another - as they fit the need at the time.  Regardless of your business size or scope, it is important to ensure you are planning for the long term. 

An Enterprise Resource Planning (ERP) system is a tool that can be used to manage your organization’s information, all while automating and simplifying business processes. When integrated, it can support various functions of your organization such as finance, accounting, project management, and more! As your business grows, you’ll begin noticing the need for other solutions to support your processes. Despite all the benefits of an ERP solution in itself, integrating your ERP software is an excellent way to optimize its potential and ensure that all of your company’s needs are met. In this blog post, we share 5 benefits of integrating your ERP solution:

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. 

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.

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 may 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. 

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. 

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 automated systems by eliminating manual data entry processes, 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.