Startup Companies – How Acumatica Cloud ERP May Be Exactly What You’re Looking For
Posted on: August 24, 2015 | By: Craig Thompson | Acumatica
In a world full of companies, you can guarantee that a high majority are software companies. In a world full of software companies, you can guarantee that a high majority of these companies are startups.
As a startup software company you have the same needs as most businesses; you need to be able to purchase goods and services, service your customers, pay vendors, report to your stakeholders and account for your day to day activity. Yet, software companies seem to differ from most companies because of their unique needs for specific software functionality and capabilities.
With such unique functionality and capabilities, a “simple” PC based accounting system just won’t cut it. You need a reliable ERP system that will increase the simplicity of your operations and allow you to focus on what matters most: your customer.
With a “simple” PC based accounting system your company cannot handle common issues that are seen within a startup each and every day. Some of these issues include:
Product Development: In the initial product offering stage, you incur expenses while having no sustainable revenue. This requires significant reporting and tracking of investors as well as sophisticated cash management capabilities. With basic accounting software your ability to accurately report, track and manage becomes near impossible.
Customer-Specific Needs: In order to be a successful software company, you need to address the needs of a large variety of clientele with a high possibility of addressing needs that are specific to each customer. Some of these needs may include periodic maintenance payments and pay as you go subscriptions. With this level of complexity, a software startup requires flexible software to drive and enhance revenue.
Complex Accounting Rules: As a software firm, you must comply with accounting rules regarding your sales activities. Efficiently handling these rules without the correct accounting software can require significant effort and hours spent that can be avoided.
Investor Reporting: Financial transactions need to be accurately recorded, closed and reported to investors in a timely fashion. Unless you have a significant amount of time allocated for your accounting staff or extra cash allocated for accounting services – basic accounting software just won’t cut it.
So, as a startup software company you are left with only two options, a subpar and basic PC based system or a robust and expensive ERP system that you just can’t afford – right? Wrong! ERP companies such as Acumatica understand your needs and can offer you a Cloud ERP software and accounting solution that specifically address the issues you face – all at a price that you can afford.
Acumatica understands the woes of startup companies firsthand and can offer a comprehensive product with a flexible pricing structure that’ll allow your startup to truly develop and advance. Want to learn more? Contact Logan Consulting – a Chicago-based Acumatica Cloud ERP partner.
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