Well, yes. And no.
It's 'no' if you're used to the foibles of your old budgeting software, and don’t mind investing some blood, sweat, tears and time into knocking the numbers into shape. And you don’t need real-time data, and are confident that you will eventually get the accurate results you need for decision-making.
And ‘yes’, because you need to know where all the data you require resides and be able to access it in a timely fashion, be a spreadsheet whiz, and have the patience of a saint to get an accurate picture of your budget. And hope it’s not needed in a hurry. Meanwhile, you certainly can’t afford to have time off or be sick, as no-one else can do what you do.
But if the thought of generating inaccurate data isn’t enough of a worry, there are other risks associated with using outdated budgeting software too. And failing to upgrade or replace your obsolete software is a danger to your business on many levels. Here’s why.