Small but mighty: How to pack a punch with your financials

If you’re a small business and need to better manage your cash flow, streamline your accounting, or access funding opportunities, financial solutions can help you achieve your goals and overcome your challenges.  

In this blog, we explore some top tips for small businesses looking to streamline their financials, as well as the revolutionary Smart Finance methodology from Delaware. 

Tips for small businesses looking to streamline their financials: 

1. Understand Your Needs: Clearly define what you need from a finance solution. This includes understanding of your company's financial processes, pain points, and goals. 

2. Integration Capabilities: The finance solution should integrate seamlessly with your existing systems, such as ERP, CRM, and other business applications. 

3. User-Friendly Interface: Choose a solution that is easy to use and requires minimal training for your team. 

4. Security Features: Ensure the solution has robust security measures to protect sensitive financial data. 

5. Vendor Support and Reputation: Research the vendor's reputation and the level of partnership they offer, you want support you can rely on. 

6. Cost Considerations: Evaluate the total cost of ownership, ensure you’re happy that everything you need is supplied within your budget. 

7. Compliance and Reporting: Ensure the solution meets regulatory requirements and provides comprehensive reporting capabilities. 

8. Demos: Take advantage of free demos to test the solution before making a final decision. 

9. Choose Scalable Financial Solutions: Ensure the solution can grow with your business and you have the right vendor to support your digital journey. 

Smart Finance with Delaware 

At Delaware, we understand the unique requirements of finance teams. Streamlined financials are important to businesses of all sizes, however, the requirements for each business differ depending on size, industry, and goals. 

Small businesses and start-ups want a solution that can be implemented quickly and simply whilst keeping costs low, that can also cater to their unique business needs. 

That’s why we’ve curated our innovative Smart Finance project implementation. Drawing from years of proven methods and experience, Smart Finance is the effective, tailored delivery of Microsoft Dynamics 365 Finance that keeps things simple for smaller enterprises. 

With front-loaded configurations, our dedicated team of consultants, developers, project managers, and solution architects collaborate on the project, using pre-populated data packages and templated workshops to speed up build time. Configuration trackers enable clients to populate how they want their solution to look, contrasting with traditional manual configurations and marking a significant efficiency improvement in project delivery.  

As variables are limited due to the methodology’s prescriptive nature, this enables better project control and a more streamlined process, leading to a faster and more cost-effective delivery that takes just six months from project start to go live.