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Time to Replace Your Accounting Software?
Changes in business strategies, rising client demands, and technology advances all have made a law firm's choice of accounting software an ever more important management decision. Five years ago the Y2K scare led many firms to upgrade or replace their accounting systems out of perceived tactical necessity. Now, however, an assessment of your accounting software should be strategic: how well does it support your overall business objectives?
Often the answer to that question will be, not very well! Any decision to replace your accounting software, however, should rest firmly on two basic determinations: 1) that the current system cannot be modified or upgraded to meet your current expectations at a reasonable cost; and 2) that a better system can be obtained at a reasonable cost.
Here are the key factors to consider in making those determinations. For each factor, careful diagnosis is necessary to identify root problem causes. After all, poor results may not be the fault of your accounting software if you have inadequate hardware, unsound operational procedures, computer virus infections, or a poorly trained staff.
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