Why Replace Your Legacy Accounting Software with Sage?

How long has it been since you changed accounting software? Have you been using the same program from time you started your business? Is your legacy accounting system still serving you well, or is it underperforming?

Questions like these can help you determine whether or not it is time to migrate to the cloud. While legacy accounting software is great for some businesses, more and more companies are upgrading to cloud solutions.

We understand that there is always hesitation in making the switch, however. After all, there is comfort with the familiar. You don’t have to retrain your employees, and most legacy accounting systems have been customized to meet your organization’s specific needs. Despite those reasons, you should consider upgrading to the cloud so that your company can enjoy even more significant benefits.

Automated Processes for Everyday Efficiency

One of the many joys of using cloud-based accounting software is all the automation. Long gone are the days when you would have to manually input data. You don’t have to write out recurring invoices, pay subscriptions, or even schedule reports. All of these functions become automatic when you migrate to the cloud.

How is all of this possible?

Cloud accounting makes it easy to connect various accounts. Whether you have multiple credit cards or a few bank accounts to manage, you can use your automation features to import any transactions into your general ledger. The software can even ensure that the transactions are posted in the appropriate place/category, and it will flag any discrepancies.

Less Administration Required

Think about the countless hours your IT department has put into installations, backups, maintenance, and other administrative tasks associated with on-premises accounting software. All of that time could be better spent on other assignments when you migrate to the cloud. All of these tasks can be done automatically when you access your accounting software over the internet.

That’s not all!

You can save even more time along with thousands of dollars. Instead of wasting your valuable resources managing expensive servers, you can allocate those funds to another area of your business. You can also get rid of any other costly IT infrastructure required by legacy accounting systems.

Software is Updated Automatically

How many times have you run into issues with your legacy accounting services just because you didn’t have the latest update installed? It happens more often than most of us would like to admit. Luckily, you never have to worry about that after migrating to the cloud. As we mentioned, many functions are automated with cloud-based software, including updates. That means you’ll always have access to the latest and most excellent tools, the most recent accounting rules, and changes in tax rates.

Better Accessibility on the Go

Desktop accounting software had its moment, but with more people working from home and using mobile devices, migrating to the cloud just makes sense. It doesn’t limit your team’s access to reports or data when they are on the go. Instead, it allows them to stay plugged in and up to date as long as they have internet. It also helps you to keep on top of expense reports. You no longer have to wait on employees to turn in paper copies and receipts. They can import all of these transactions in real-time with cloud technology.

Customization and Scalability to Fit Your Organization

While you can certainly customize your legacy accounting services, it’s not something that you can frequently change as your company grows. Instead, you are more or less stuck with what you have unless you want to spend more time and money making the changes.

By migrating to the cloud, you can ensure that your accounting software is always fit for your needs. In fact, many of the best cloud-based accounting solutions, such as Sage products, offer add-ons and integrations. These additional products allow you to create the most efficient solution for your company.

Real-Time Reporting for Faster Decision Making

Legacy accounting services often fail to provide you with the most accurate visual of your company’s current financial state. Why? It’s simply impossible to know the exact performance when you are relying on paper-based processes. By the time you manually import all of the data, it has already changed. As a result, you are constantly playing catch up.

Fortunately, that’s an easy fix with Sage cloud-based accounting solutions. You can spot issues earlier and make better decisions when you have access to the latest charts, reports, and KPIs. Not to mention, the convenient dashboards help you to visualize the data so you can gain new insight into your business’s financial position.

Increased Accuracy

Manual data entry is a thing of the past with Sage accounting products. You can forget about all of the wasted time you’ve spent trying to track down a single error. Since the software imports all of your transactions directly from your accounts, you can rest assured that your data is more accurate than ever. The accounting tool even helps you calculate taxes more precisely based on your financial data.

In addition, your cloud software has technology that helps it match all of your invoices and shipments to ensure more accurate reconciliation results. If there are any errors, the software will flag them for you to review.

Discover More of the Benefits of Switching from Legacy Accounting Systems to Sage

Are you still wondering if migrating to the cloud is the best option for your organization? If so, you don’t have to make the decision alone. At Kerr Consulting, we are happy to provide you with more information on the benefits of cloud-based accounting products.

If you would like to schedule a consultation with our helpful professionals, we encourage you to contact us right away. You can reach us by calling our local office, or you can take a moment to submit your details through our simple online form. We even have a convenient chat box where you can get quick responses to most of your questions.