“Affordable and scaleable ERP that got me out of the "add-on AP integration" with Quickbooks trap. ”
Overall: My business started small. One of the biggest difficulties I've had is understanding how important it is to get the right accounting software in place - first. I thought because I was small volume, I should pick simple, low cost solutions. I started with Quickbooks online, then went to desktop, then went to a full QB enterprise, and then added an inventory/CRM application to QBE. I did all of this over 5 years of a growing specialty inventory business. What a waste of time and effort!
If I had access to Versaccounts at the start, the right choice would be to build it in at the beginning. I can't say how hard it is to move into an ERP while your in a growth phase. It's a major distraction while your trying to manage growth. The sad thing is that I was spending the same amount of cash on multiple QB files and add on AP's that I now spend on Versaccounts.
A growing Canadian export market drove our business into doing business in two countries with two currencies. We had to house this activity into two legal entities and then a holding company. I could never have scaled this up on single entity based software. The big Oracle or Microsoft products were still too expensive. Finding Versaccount saved me from some serious obstacles. What I'm experiencing is a robust ERP that allows me to operate in multi everything from: inventory locations, currencies, entities, sales tax reporting, user levels. All of it cloud based with no server or IT issues. It's really amazing to me that I can run a quarterly income statement for 3 entities in two currencies and countries on my iPAD while traveling anywhere in the world with just my safari browser. The reports all rollup into one segment on one tab, and consolidated into my home currency. Getting current, accurate income and balance sheet information gives me the confidence and ability to guide a quickly growing business.
The Versaccounts team worked with my team and helped me migrate an operating multi location, currency, and entity business into Versaccounts in a short 3 months in the middle of the business year. I can tell you - it's no small task and should not be attempted lightly. The fact that we made it through the migration is a testament to how seriously Versacounts is took our business.
Now that we are through the change, I'm back to working on helping growing customers and forming new supplier relationships instead of spending my time fixing things on a underpowered accounting system.
Pros: Versacounts has the capacity of the big ERP's at a price my business could afford. The value is really surprising.
Cons: There are a few accounting functions that could be fleshed out more like supplier returns or other irregular tasks. Since it's a new platform, I think time, growth and user input will fill this out.
Recommendations to other buyers: Changing software is a BIG event. It sure was for us. Treat the relationship with the software vendor with the utmost care. They are literally your partner. Plan well, give it time and don't fret over errors and setbacks. They are sure to happen in a migration. Go in with an attitude of cooperation so all parties can help each other get the business through the migration.