Implementing New Accounting Software Successfully

Although modern software is definitely "smarter" than software developed years ago, many businesses still stumble when implementing new accounting software because they believe that the newer software can simply be installed and everything will begin operating more smoothly. The reality is that selecting the right software is only half the battle - it must be implemented properly to attain the benefits that it advertises. Each software application is unique and therefore must be implemented differently, but some common practices exist for making any financial software implementation smooth.



Prior to purchasing any software, the business should do proper research in to a particular applications features and functionality to ensure it is the best for your applications. After identifying the right solution, the process of successfully implementing it can be benefited by adhering to the following guidelines, all of which should be taken in to consideration before even looking at new software.



Create a team of individuals responsible for overseeing the entire software process - from identifying needs to picking software to implementing it. The team needs to have representation from all departments that are directly effected by the company's accounting software and should be led by a manager capable of taking their thoughts in to consideration before making any decisions.



Additionally, managers from every division in the company should be consulted about the new software and its implementation. Ask these individuals to create a list of critical factors that they see - ways that the new or old software has an influence on the financial activities that department is responsible for. These lists should be given to the software selection and implementation team to make sure all aspects of company operations are considered in relation to new software.



The software team or other representatives within the organization should also create a flowchart of the company's accounting activities. Looking at an accurate flowchart will allow decision makers to identify bottlenecks in the process and look for software and implementation techniques that can help to alleviate some of these bottlenecks, resulting in more efficient operations.



When working through software selection and implementation, it is also advantageous to have samples of all forms, reports, and documents that the company uses for accounting purposes. Knowing the purpose of each form and report will assist the team in configuring the new software to best work with existing practices and may shed light on ways to improve current documentation with the new software's additional capabilities.



One common problem to successfully implementing new software is that some companies, especially smaller organizations, simply do not have the proper time and resources to dedicate to ensure the process is done correctly. If you find yourself in this boat, it may be worth the investment to hire an independent consultant to head up the software selection and implementation process. Yes, they will cost money, but the benefits of having the right software correctly configured in a shorter time frame are often well worth the investment.



Finally, some companies are not in need of entirely new software as much as they need a more current version of their old software with new bells and whistles. In this case, speaking with the software vendor is often a great way to ensure you get exactly what you need and that the upgrade is done properly.