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Choosing the right tech stack for your growing business

23rd Nov 2023
Brought to you by
iplicit logo
iplicit’s mission is to make the complex simple and accessible. Its powerful cloud accounting...
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Growing businesses need systems that can help with the heavy lifting and that provide:

  • accurate, real-time reporting that is easily interrogated and is flexible enough to handle changing reporting requirements 
  • advanced process automations across the board to reduce workload and human error
  • approval workflows to speed up processing
  • powerful spend management functionality to efficiently control cash burn
  • an open platform that is easily integrated to other key business systems.

Large ERP systems that offer such features tend to be far more expensive than the entry-level systems they replace, and they also take considerable time (months, if not years in some cases) to implement. 

iplicit not only offers these features as standard but also has an affordable price tag and can be implemented in a few weeks. As such, it removes the barriers of both cost and disruption that can deter some businesses from upgrading.

The Solid Wood Flooring Company chose iplicit's midmarket cloud accounting solution over other well known products; 

It’s fantastic, the speed at which you can do things on iplicit. Products like Xero and Sage, and QuickBooks online, pale in comparison to iplicit. They don’t have the diversity and depth of functionality that we need – the stock control, the sales orders, purchase orders and all that information.”

Rob Eckersley, Director, Solid Wood Flooring. Read the case study (3 mins).

Which companies can iplicit help?

Some of the most ambitious and fastest-expanding organisations in the business landscape are those which have outgrown entry-level software such as QuickBooks or Xero, or are struggling with “on-premise” finance solutions which are no longer up to the job.

They need more sophisticated software which can handle the complex requirements of a growing organisation – but they are not necessarily the right customers for expensive, enterprise level systems.

These are signs that iplicit might be the right solution:

  • Your consolidated reporting requirements are more complex than the entry-level system can handle.
  • You need more meaningful, real-time data across a range of analysis codes.
  • You're keen to save staff time by automating month-end tasks such as accruals, prepayments, and revenue recognition.
  • You need to join up your systems so integratable accounting software is a must. With iplicit's own API and additionally through the use of iPAAS technology, iplicit can integrate with almost any other appication. 

Charities and non-profit organisations, which need to handle reporting requirements such as SORP (Statement of Recommended Practice) and SOFA (Statement of Financial Activities) would find moving to iplicit beneficial as their reporting requirements far exceed what entry-level products can provide.

Learn more about iplicit

Watch a quick online tour of our software or get in touch at [email protected] for a chat about your requirements.