Is Xero struggling to keep up with your business? Find out the key signs that indicate it’s time to upgrade your financial management system.
Xero has long been a trusted solution for startups and small businesses, offering a platform for managing day-to-day accounting tasks. It provides essential features that help businesses get off the ground, track finances, and manage their basic needs. However, as your business starts to scale, you'll start to notice that Xero has certain limitations that might slow your growth.
Growth comes with increasing complexity, whether it's handling larger transaction volumes, managing multiple entities, or creating more detailed financial reports. What was once sufficient now feels restrictive, slowing down processes and hindering decision-making. If this sounds familiar, it could be a sign that your business has outgrown Xero.
In this article, we’ll explore the most common indicators that it’s time to upgrade your financial management system to better support your growing operations.
1. Limited Scalability
As your business grows, so do your operational needs. Xero, while effective for small companies, may not be able to keep up with the increasing demands that come with larger teams, higher transaction volumes, and more complex business structures. If you’ve experienced slower processing times or find yourself relying on manual workarounds, you’re likely feeling the strain.
Upgrading to a more scalable solution, such as Sage Intacct, provides the tools needed to handle these complexities seamlessly. With robust multi-entity support, automated consolidations, and advanced workflows, your finance team will gain the efficiency and flexibility needed to keep up with your growing business.
BOOK A FREE SAGE INTACCT DISCOVERY CALL
2. Lack of Advanced Financial Reporting
Growing businesses require financial reports that offer depth and flexibility. While Xero’s standard reports work well for smaller organisations, they may fall short when it comes to providing the insights needed to navigate more complex financial landscapes. The inability to create customised, multi-dimensional reports can hinder your ability to analyse performance across different departments, projects, or regions.
Moving to a more advanced system like Sage Intacct allows for greater control and visibility. With tailored reporting tools, you can generate real-time reports that reflect your organisation's unique needs, giving you the financial clarity to drive informed decision-making and support growth.
3. Inventory Management Struggles
If your business relies heavily on managing stock, you may have noticed that Xero’s inventory features don’t quite meet the demands of a growing operation. As your product range and order volume increase, tracking stock levels and managing purchase orders can become increasingly difficult. Without more advanced inventory management tools, your team might face inefficiencies that slow down operations and impact customer satisfaction.
A system like Sage Intacct offers more sophisticated inventory capabilities, allowing you to manage complex supply chains, automate stock control, and handle multiple warehouses effortlessly. This kind of functionality helps you maintain better oversight, reduce manual errors, and keep operations running smoothly as your business scales.
Book a free 15-minute Discovery Call
4. Still Running Tasks Manually
Automation plays a key role in streamlining financial processes, and while Xero offers some automation, it often falls short for businesses with more complex workflows. As your operations grow, manual data entry and approval bottlenecks can slow your team down, leading to delays and potential errors. If you find your finance team is spending too much time on repetitive tasks, it may be a sign that Xero's automation features aren’t enough.
Upgrading to a system like Sage Intacct can significantly reduce manual intervention by automating processes such as billing, approvals, and reporting. With a higher level of automation, your team can focus on more strategic tasks, driving efficiency and freeing up valuable time to focus on growth.
5. Struggling to Handle Multi-Currency Transactions
For businesses operating internationally, managing transactions in multiple currencies is a necessity. Xero provides basic multi-currency support, but as your business grows and the volume of foreign transactions increases, the limitations of this feature can become apparent. Exchange rate fluctuations, complex billing cycles, and international compliance requirements often lead to manual workarounds, which increase the risk of errors.
Upgrading to a system like Sage Intacct ensures smoother international transactions with advanced multi-currency management tools. With automatic currency conversions and compliance with local regulations, your business can expand globally while keeping financial operations efficient and error-free.
What’s the Best Xero Upgrade?
When your business reaches the point where Xero’s limitations start to hold you back, it’s time to consider an upgrade. Sage Intacct stands out as the ideal solution for businesses looking to move beyond Xero’s capabilities. Built specifically for growing companies, Sage Intacct offers greater scalability, automation, and advanced reporting that are essential for managing complex financial operations.
With features like multi-entity support, real-time financial visibility, and deep customisation options, Sage Intacct provides the flexibility needed to tailor your financial management to your business’s unique needs. Whether you’re managing multiple subsidiaries, handling large volumes of transactions, or operating globally, Sage Intacct is designed to support your growth every step of the way.
READ OUR SAGE INTACCT VS XERO COMPARISON GUIDE
Conclusion
Outgrowing Xero is a natural step for businesses on a growth trajectory. As operations expand and complexity increases, the limitations of your financial system become harder to ignore. Recognising these signs gives you the opportunity to move to a solution that truly supports your needs.
Sage Intacct is designed to handle the demands of growing businesses, offering the flexibility, automation, and real-time insights required to stay ahead of the curve. If it feels like Xero is no longer enough, it’s definitely time to explore a solution built for the next stage of your organisation’s journey.
Book your free Sage Intacct Discovery Call here