Follow the failures for a more successful software switch
A completely smooth transition to a new system or software? A pipe dream. That’s okay — there’s a lot to learn from ghosts of implementations past.
Before you delve into an accounting system conversion, look back to any undertakings in the past that may not have had the outcome you were after.
A few common traps to watch for:
- Too much time and money spent trying to customize, and
- Shifting plans “midstream” to accommodate multiple upgrades at the same time.
Those are easy traps to fall into — especially when you have software vendors and/or consultants suggesting upgrades or corrections in the middle of your project.
Your best chance of getting the right fit the first go-around: Look at your existing procedures and processes before you undertake an upgrade.
Informal procedures or ad hoc decision making won’t lend themselves to the more standardized systems that new software will require. If you have too many exceptions to your credit approval or purchase approval processes, for example, it will be nearly impossible to automate.
Write first, do later
A great workaround: Use the software documentation as a way to standardize your procedures and get a jump on training.
Most finance shops document after the new system’s up and running. By writing down a roadmap to the new system before it’s rolled out, it’s a lot easier for everyone to see where they fit in the big picture.
Changing your system to fit the software instead of the other way around may just bring your conversion in on time and under budget.
And you won’t fall into those old traps.
Free Training & Resources
White Papers
Provided by Anaplan
Further Reading
Let’s be real: The enthusiasm behind real-time (or instant) payments stems almost entirely from the seller’s side of B2B. After...
In the world of financial planning and analysis, the ability to predict future trends with precision is a superpower. While many users rely...
Digitizing A/P is still very much on the minds of your peers, who are prioritizing control of cash flow over business growth as organizatio...
Working with long or complex formulas? Named ranges make your spreadsheets easier to manage, read and troubleshoot, especially when creatin...
Cloud-based A/R is rapidly becoming a must-have for businesses of all sizes. But where is A/R technology heading, and what should you expec...
A modern tech stack that gives you the power to analyze your enterprise data in real time may no longer be something on the nice-to-have li...