One of the most important decisions you will make for your business is which software to run it on. Software selection can also be a daunting, stressful tasks. One of the most difficult questions is: “Where do I start?” Like many other important decisions, it’s important to ask someone who has already gone through the process.
The information presented here was originally part of a study done by Deloitte & Touche. In this study, companies that were evaluating accounting systems for their businesses were asked to name the "Top 10" criteria they used to select a solution. The criteria were ranked in order of importance and those who were in the process of selecting their accounting software for the first time were ranked separately from those businesses that were selecting their second software solution. Below is a comparison of the importance of various criteria used in evaluations. Notice the change in rankings for second-time buyers who were looking to change from an existing system to a new one.
First Time Buyers - Here are the rankings for those businesses looking for their first accounting system: