This content was published prior to the merger of equals between BKD and DHG on June 1, 2022. See all FORsights for the most up-to-date articles, webinars, and videos.
Choose the Right Business Management Solution to Help Reduce Risk
Choosing new business management or enterprise resource planning (ERP) software for your small or midsize business doesn’t have to be complicated. Still, it’s important to be selective, because the outcome may have important long-term consequences. Choose carefully, and you can achieve the control and insight you need to take your business forward with confidence. Make the wrong choice, and you may end up diverting time, money and focus to fixing an inadequate solution.
Operating a business involves risk. Lots of things can go wrong when you juggle managing people, manufacturing, procuring, warehousing and distributing your product, setting your pricing strategy, engaging customers and competing against other organizations eager to succeed. The right business management solution reduces core business risk by delivering timely, relevant and detailed information about your business, providing integrated, end-to-end visibility across your operation and streamlining your processes for peak performance.
Unexpected developments—economic downturns or new technologies, customer preferences or competitors—also can put your business at risk. You need to spot these developments and counter them before they cause trouble. The right business solution delivers critical information and provides built-in business intelligence tools to help your team identify trends and opportunities and quickly and efficiently capitalize on them.
Sticking with your underperforming accounting software or outdated legacy systems can limit your growth and business potential. On the other hand, selecting, deploying and using a new business management solution may involve its own risks. How stable is the vendor? Will it be around for the long term? How user-friendly is the solution? Will your people need a lot of training? How easy—and affordable—is it to deploy, maintain, upgrade, modify and extend? You won’t have to worry about these issues if you choose a Microsoft business solution. Microsoft is a stable vendor known for innovation and easy-to-use solutions supported by local implementation partners like BKD who understand your business.
A Microsoft Business Solution Can Help You Reduce Risk
Microsoft business solutions go beyond standalone accounting software and are more innovative than most traditional ERP systems. Offering a single sign-on and integrated user experience, Microsoft solutions combine business process management applications with productivity tools that manage your calendar, tasks and communications.
In addition, Microsoft’s unique combination of business intelligence, collaboration and communication tools are embedded throughout our business management solution, providing an intuitive and familiar user interface that increases user adoption and inspires productivity.