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Top 10 Criteria for Selecting Accounting Software

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As part of a study conducted by Deloitte and Touche, organizations looking for new accounting systems were asked to name the top 10 criteria they used in their selection processes. Those who were buying their first accounting system were tallied separately from businesses buying their second, and both sets of responses were ranked in order of importance.

The results provide an interesting comparative view of the importance of various factors commonly used when choosing accounting systems. Of particular interest is the valuation of different criteria from the perspective of “experienced” firms vs. firms during their first go-round.

First time buyers

    1. Price of software
    2. Ease of implementation
    3. Ease of use
    4. Software’s ability to fit the business
    5. Functionality of software
    6. Software works with existing hardware
    7. Growth potential of software
    8. Level of support provided by the local firm
    9. Quality of documentation
    10. Developers track record of performance

Second time buyers

    1. Level of support provided by the local firm
    2. Developers track record of performance
    3. Software’s ability to fit the business
    4. Growth potential of software
    5. Price of software
    6. Quality of documentation
    7. Functionality of software
    8. Ease of use
    9. Ease of implementation
    10. Software works with existing hardware

Observations

While some of the rankings did not move dramatically, others stand out because of their significant changes.

1st Time 2nd Time Reason
8 1   Level of support provided by the local firm
10 2   Developers track record of performance
1 5   Price of Software
3 8   Ease of Use
2 9   Ease of Implementation
6 10   Software works with existing hardware

 

 

 

 

 

Key points that surface from these results suggest:

  • The important role that a quality Consultant provides is much more apparent to firms in their second go-round with implementing a new system.
  • The Developers Track Record is much more important than first time buyers think since it jumps in importance from dead last to second in importance.
  • The price of Software drops from the prime reason to the middle of the pack reflecting that price although important is not the end all.

AVF Consulting is celebrating more than 25 years of service, technology, and excellence. A Microsoft Silver ERP partner, we specialize in the implementation of Serenic Navigator financial management software for nonprofit organizations. To learn more about our history, visit Who We Are. 

This information was originally part of a study conducted by Deloitte & Touche.

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