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    Home ยป Steps in Finding the Right Software Solutions to Manage Your Firm

    Steps in Finding the Right Software Solutions to Manage Your Firm

    Richard SmithBy Richard Smith3rd January 2023 Business 3 Mins Read
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    The right software will save you and your accounting firm time and money. The problem is about more than finding the perfect solution.

    Your accounting firm will be able to save time, money, and frustration by choosing the right software. The problem is that not all software solutions are created equal. Like any other investment, you must consider all facts and decide wisely.

    In this series of 2 parts, I'll show you the essential steps to choosing the top software products for your business.

    Steps for Finding the Right Software Solutions for Your Firm

    1. Find Where You Are

    Before you begin looking at your options, look at what solutions you have currently. Make a note of the following while you are making your list:

    This is what you like. What are your favorite features or solutions? What's saving time and increasing accuracy? What solutions do clients and employees love to use?

    What you don't love. What solutions make your job easier or don't solve problems as well as you expected?

    Finding the right solution for your firm's needs is easier than ever if you know what's working.

    2. Determine what you are looking for

    Now that you are aware of your current situation, you can start to plan for the future. Here are some important things to think about.

    What Are Your Biggest Problems And Pain Points?

    What is the real problem in your firm? Is there a problem with your workflow? Do you desire a more efficient way to work with clients and share files or a more organized workflow? So that you can find the software solution that will address your time sinks and identify them.

    If you are having difficulty with this step, go back to the list you created at the beginning of the process – specifically, the "don't want" list. Another software solution might solve your problems with the current system.

    Separate Needs from Wants

    Many firms believe they need certain features. In reality, however, they only have the necessary bells and whims. Consider your company's needs and problems, and make a list.

    What features can you use to help your company succeed?

    • More productive?
    • Reduce time
    • Provide value?

    Double-check all items on your list. White-label software is great. Everything is branded, so it looks like it was customized for your business. But is it adding value? Although it may aid brand building, it will only solve problems for your clients and team members.

    It is much easier to identify the essential features of your company and narrow down your choices to the ones that offer the best value.

    3. Compare Solutions

    With a list identifying the key needs of your firm, you are now ready to start comparing options. But where can you begin?

    Ask for Recommendations

    Start with people you already know and trust. Ask your peer for advice and recommendations. However, remember that these are not your recommendations. Your peers may have different needs, so don't buy a product based on someone else's recommendation. You should take the time necessary to investigate each product and determine whether it's right for you.

     

     

     

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