quickbooks for manufacturing- not the answer for growing companies
TRANSCRIPT
The ultimate goal forevery business is to generate more leadsto convert into customers
so that they can grow.
…and that’s okay! QuickBooks is a great accounting system, but it was never meant to support more complex companies like yours.
You have a lot to do…
as a growing manufacturer you need to be
able to plan, procure, produce, distribute, sell, handle complex transactions, measure up to standards, operate globally, collaborate, communicate, and much more.
Scalability: as a growing company you need to
bring on additional employees, and with
QuickBooks you’re capped at the number of
user licenses you have. Even with the
enterprise edition. If you are hiring more
employees who need to access the system,
this becomes a serious problem.
It’s a point solution: While QuickBooks is a solid
financial system, it lacks the tools you need to track
and manage business opportunities, support your
growing client base, or manage important assets.
You can use outside applications to manage what
QuickBooks cannot, but you’re only becoming more
inefficient while also risking data entry errors,
unhappy customers, unhappy employees, forecasting issues, and more.
freedigitalphotos.net/jesadaphorn.
Lack of visibility: to make rapid & strategic decisions you
need access to information beyond financials and you
need real-time operations information across your
organization. Because this isn’t an option in QuickBooks,
manufacturers end up working in spreadsheets, a tedious
and error-prone process. By the time the process is
complete, your information will already be too old with how
quickly things change in a manufacturing organization.
Fact: 88% of all spreadsheets have “significant” errors in them; usually human errors.
Missing industry specific capabilities: QuickBooks is a general
solution that was designed to serve a variety of industries. While
there are integrations that can serve specific industries such as
manufacturing, the system still lacks both basic and advanced
best practices every manufacturer should follow to achieve
growth goals. With QuickBooks the burden falls on you to create
manual processes that have become “norms” in your industry. An
ERP system with industry specific functionality will have these
best practices built-in, so you can leverage them for growth without even needing to think about it.
Currency issues: Having a global business is a possibility for
manufacturers of all sizes, but QuickBooks wasn’t designed for
this & does not allow you to do business in multiple currencies.
QuickBooks can handle U.S. and Canadian dollars, but for
anything else requires separate files. This can quickly get
complicated, clutter recordkeeping, and make it hard to answer even the most basic questions.
Here’s the good news…
Moving from QuickBooks to an entry-level
ERP system is not nearly as hard or as
expensive as you might think!
A few years ago, making this move would have been a painful, expensive, and difficultdecision, but that has changed.
Today, advances in technology, especially cloud-based ERP systems, have allowed small & medium sized manufacturers to easily make the move beyond QuickBooks to a more effective and complete business solution -without breaking the bank.
Well it’s different for every company, but you can learn all about budgeting for the move & your how to pick the right system in this guide.
Click here to get started.
Questions?We can help! We are ERP software resellers &
developers with a team of consultants standing by to answer any questions you might have.
www.e2benterprise.com
440.352.4700
“e2b is very special. They are much more than a supplier to MFG – they are a strategic partner and we
know that our business can continue to grow and to adapt to the ever changing needs of our customers, suppliers, and our business partners because we have them on our side.”
- Molded Fiber Glass Companies