When you are thinking about buying new construction accounting software, you want to make sure that you are doing it for the right reasons. You need to know that your business is in the right place and can handle the purchase and implementation of a new software system.
It’s important to think about your current software and why it isn’t working for you right now. Make sure to make a list of all of the features you like and don’t like and everything that you would like to have in the new system. When looking at new systems make sure that they cover all of those needs.
Let’s take a look at the top 5 reasons to upgrade your construction accounting software:
1. You’ve outgrown your existing system
Take a look at your current system. Is it meeting all of your needs? A lot of construction companies are still operating with a simple Excel system, some are still using paper and pencils! Imagine how much easier your life would be to have one system that does everything for you!
As businesses grow it is common for them to outgrow software systems, especially those that are not designed to grow with your company. Upgrading to a more flexible and more robust system will help your company now and as it continues to grow in the future.
2. You need more integration
Many software programs are designed to stand alone. While they get the job done, you end up having to enter the same data into two or more different programs. As your business grows having a program that is fulling integrated will make a huge difference for time and efficiency.
You will also save time and money by having all of the information you need for every job in one place. No more hunting for details to make an important decision. Everything is right where you need it, when you need it!
3. You need more features
It’s a nightmare when you are losing money on a job, but you can’t figure out where the money is going or why. Upgrading to an accounting system designed specifically for contractors will make all the difference in the world. These systems will give you the features that you need to track job costs, change orders, labor, bids, subcontractors, and more. You can even see a snapshot of the whole project with a Project Management feature.
4. Your business model has changed
If your business model changes significantly you need to take a new look at your software. Is it still the best option for your business? Is there something that could work better for your current model? There are so many software options available now that it’s quite easy to find one that meets all of your needs. You need one that fits your company as it is today and serves your customers and employees best.
5. You are looking for a system that is efficient
Software is generally expensive, especially if it does everything that you want it to. The majority of software comes with costly maintenance plans on top of the initial purchase price. With this kind of investment, you need to make sure that the software is adding value to your business, not just costing you money.
Selecting the right software can be a challenge but making sure that you are looking to change for the right reasons is important from the start. Having a list of things that you need and want from your new software system will make the decision as easy as possible.
Thinking about implementation from the beginning will make upgrading your software so much easier for you and your company! Download our free guide Everything You Need to Know about Implementation today!
C/F Data System’s Structure Blue offers a whole host of features and much more. Structure Blue is a construction accounting software package designed by contractors, for contractors. For over 40 years C/F Data Systems has been helping contractors increase efficiency, improve business process and drive profitability. See if Structure Blue is right for you.