Accounting principles teach us to value business assets at acquisition cost. Dutifully, you’ve booked your Sage MAS 90 or Sage MAS 200 ERP software at its purchase price. But is this truly what it is worth to your business? Accounting software is just a tool, like a lathe or a milling machine. What that investment actually contributes to the welfare of your business depends heavily on the skill of the operator running it.
User Training – Getting What You Paid For
Much of the value paid for in the purchase price of software is lost when its users have inadequate training to operate it. If your users got half the training they needed, how can you expect all of what the software is capable of doing? For most businesses, good employees are the most important aspect of a successful and thriving operation. But what makes an employee good? Can you make them better by paying them more money? Not really. We do know there is a relationship between compensation and ability. In most cases, more knowledgeable employees cost more money. But paying an employee more money doesn’t make them more knowledgeable. Rather, it is money invested in training that makes an employee more knowledgeable, and therefore, more valuable to your business.
