Are you still running your business with spreadsheets?

For small businesses, it’s only natural that the way you start out tracking your financial activity is with spreadsheets. But at a certain point, spreadsheets no longer work the way you need them to. If you recognize any of these four signs below, it could be time to ditch your spreadsheets for real accounting software.

You start to notice errors in your spreadsheets

The fundamental problem with using spreadsheets is that all information must be entered manually. And that raises the very real risk of human error. Sooner or later, a few items are going to be keyed in incorrectly, and that has the potential to throw a real wrench into your ongoing operations. With Spire, however, you can seamlessly integrate data from various sources without the need for manual entry.

You are not able to produce the reports that you need

As your company grows, so does its overall complexity. You need to file more and more reports, and as a result, it becomes more and more difficult to file everything on time. Even worse, some events – such as an unexpected audit or other compliance issue – might grind your business to a halt as it results in an “all hands on deck” mentality. But you won’t have these same problems with Spire, because not only does it come with a multitude of reports, but also has the ability to create custom reports to suit your needs.

You are starting to notice a loss of productivity in your finance team

Spreadsheets are easy at first, but can soon become very time-consuming. That means they can start to chew away at your finance team’s time. In the best of all worlds, you want your finance team working on high-level strategic projects, not on assembling a bunch of numbers. If you’re looking to streamline your operations and save time, then getting the right accounting software can make a big difference.

You have no easy way for teams to share data

One of the best parts about accounting software is that it allows several different teams to work with the same data. You have seamless integration between all of your teams. For example, it takes seconds for Spire to track a specific lot number from production through to distribution, at any point in time.

Growth is a good thing for any business, but it also brings its own share of issues, such as scalability. If you are looking for greater clarity and precision in your decision-making process visit www.tri-tech.com or call 604-637-6418 for more information