In business, bigger isn’t always better. A company that tries to scale by rapidly adding headcount may soon find itself bogged down in bureaucracy and inefficiency, leading to lower profits and stalled growth—and that’s if the company can find the staff it wants to hire.
Conversely, some businesses are able to stay lean and mean, maximizing profits per employee, even as they grow. Let’s take a closer look at how they do it.
First, it’s important to understand what gets in the way of growth. When businesses start to expand, they face a lot of rapid-fire decisions about how to scale their existing processes for everything from sales and marketing to accounting and human resources.
Often, the easiest solutions—the ones that may be quickest to implement and least expensive in the moment—create hurdles down the road.
For example, if you’re entering a new market or building a new channel, you’ll need to implement new workflows and methods to plan, track, and manage additional sales and revenue data. The bloat begins if you respond to those challenges by tacking on new applications and processes, then adding experts to manage those new processes.
The efficient path to growth
The good news for today’s growing companies is that easy-to-use technologies are available that make it much easier to scale efficiently, avoiding traditional growth blockers like expanding org charts and proliferation of systems and processes.
Cloud-based financial management solutions like Sage Intacct provide the automation growing companies need, reducing the time-consuming manual workloads that can lead to headcount growth. Sage Intacct also integrates with existing business solutions like Salesforce and Bill.com, reducing complexity and providing a more comprehensive, real-time view of what’s going on across growing businesses.
Another technology we recommend to growing companies is Accounting Seed, which is native to the Salesforce Platform. Accounting Seed combines accounting and enterprise resource planning (ERP) in one easy-to-manage platform that can be customized and configured to meet new business requirements and workflows. No matter how fast your business grows, you can easily track your financial data throughout the business cycle, from marketing to sales to back-office accounting and financial statements.
Growth on your terms
Clear Cloud One helps businesses and nonprofits grow fast while simplifying operations and minimizing staff. Our CPAs and Salesforce certified professionals can help you solve your software challenges with tailored solutions that minimize business disruptions, as well as ongoing support to ensure your business continues to thrive as your needs change.