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June 16, 2022

The Right Time to Upgrade your ERP, Accounting System or Payroll System

Being online and on the cloud is essential for today’s construction industry leaders. The importance of having your information on hand and in a usable format for everyone to see is the only way to ensure that your business is functioning at the highest productivity possible while also protecting your bottom line. Knowing that you need to be up to date and ensuring that your software is functioning at the proper level are two different things. How do you know if you are in a good spot or if you need to be updating or upgrading your systems?

Tony Merry the practice director at ETHOSystems joins Mike Merrill to discuss the state of  ERP, Accounting and Payroll systems today, how they should be evaluated for modernization, what’s happening in the market and how to best use trusted advisors.

Key Takeaways

  1. Get a trusted advisor if you aren’t the smartest person in the room. There is a lot of information out there at the fingertips of anyone looking to educate themselves and by all means, an educated customer is a happy customer. But once you reach the end of your education and aren’t completely understanding the discussion stop and get an outside advisor to help ensure that the right decisions are being made so that from the beginning any integrations and implementations are as easy and seamless as possible.
  2. Know and document your processes. Most software is designed to replace inefficient or time consuming processes. Before trying to update, replace or upgrade your systems make sure that you have a best practice for the processes in question and have them documented so that your software provider and advisors can efficiently understand your process and how to best approach and solve your problem.
  3. An unbiased advisor will make sure that your priorities are in order. There is only so much budget for all improvements inside of any business no matter what size it is. Sometimes software is the most important upgrade you can make, sometimes it’s a new piece of equipment, and other times it’s an emergency that needs to be handled. In any situation, a trusted advisor will know how to keep your priorities in check and how to approach your budget in an effective and healthy way.