As from the 1st of July 2018, Single Touch Payroll (STP) reporting will come into effect in Australia and change the way organisations with 20 or more employees report to ATO. Your STP compliant payroll software will now report payments such as salaries and wages, pay as you go (PAYG) withholding and superannuation information directly to ATO, every time you pay your employees.
With the new GDPR law in action, everyone is looking at the security and encryption of their current system. This is a good time to bring up the security features available in Sage 300 and Sage 300cloud. Any business owner requires at least a basic level of security - who can access it? what can be accessed? when can it be accessed?. In addition to these, the ability to track "who did what when" is crucial in order to keep an audit of all changes of your database.
One of the biggest challenges manufacturing companies are facing - especially made-to-order or assembly shops - is scheduling their production. Planning the work ahead and anticipating bottlenecks is crucial for any manufacturing business, having a proper schedule allows the organisation to ship products on time, maximise resources and consequently keeping customers happy. Production Scheduling for Sage 300 introduces a cost-effective and easy way to optimise your production workflow from the scheduling of the jobs to the picking and delivery of the goods.
Small to medium companies across the globe are all facing similar challenges which is costing time and money every day - slow and crashing software, no real-time information, use of spreadsheet for managerial reports, manual and duplication entries and more. As any growing company, you are facing difficulties with your current accounting package which is hindering your expansion. As a leading Sage Business Cloud Financials partner in Australia, we have compiled the 5 top reasons why Sage Financials is an ideal cost-effective package for SMEs to overcome those growing pains.
The latest Sage Business Cloud Financials has been released last week with several UX changes and additional features to make your experience simpler and faster through the interface. We have compiled a few of those features to give you an idea of the improvements in your Sage Financials org.
The terms "business intelligence" has grown in popularity in the past few years. The use of dashboards and intelligent tools that allows you to see your data in the way you want to see it has become more crucial than ever before. Why? To put it simply, having the right data, at the right time will allow you to take the right decisions. Any company needs to be able to extract the information saved into the ERP and be able to analyse it and measure how well the company is doing. Sage Enterprise Intelligence (SEI) offers users with an incredibly powerful but user-friendly platform which can give you your own data, to the granularity you need and in the way you want to see.
The hardwork and effort of the team has been rewarded as WMSSoft takes home two awards from the Sage Partner Awards this year. WMSSoft wins the "Highest Revenue % Growth for Sage 300" as well as the "Above & Beyond" awards for going out of its way to provide the best possible solutions and services to its clients.
Sage X3 comes with a powerful Project Job Management (PJM) module which applies processes, methods, knowledge and skills to achieve the objectives of your projects. Fully integrated with the other modules within Sage X3 including financials, invoicing, purchasing, manufacturing or CRM, the PJM module provides you with a greater visibility and control over your projects and save you time while improving your efficiency.
The cloud is getting more and more attention nowadays and there are still various heated debates about whether cloud solutions are really better than on-premise ones. We recognise that both solutions have their pros and cons and always agree that the choice between an on-premise or on-cloud infrastructure depends on the business requirements, so we cannot say that a cloud approach is ideal for all businesses. We however compiled a series of reasons below that explains some of the benefits of cloud servers which are often overlooked or misunderstood.
Smaller Businesses often overlook the importance of having a good budget and forecast and only rarely think about forecasting their cashflow. WMSSoft have just implemented another site using Sage Intelligence to simplify and leverage the enormous wealth of financial information that already exist within their ERP to facilitate insight of their financial status, and view a window into the company's future.
It is safe to say that no business can survive long enough without cash to meet its immediate needs. Cash flow is of vital importance to the health of a business. Forecasting future cash receipts and disbursements is the key to cash flow management. As part of our financial analytics services, we help businesses develop their cash flow schedules by estimating cash outflows and inflows for certain intervals (e.g. monthly). A cash flow schedule aids management to identify whether borrowing is necessary and when it is necessary or when excess cash should be reinvested.
Much effort is being invested into Sage 300cloud, the new agnostic user experience allowing you to access your data and reports from any web browser, anywhere and anytime. A new release this month has included more screens and more features, making it more user-friendly than ever. Below is a list of frequently asked questions regarding the implementation of the new Sage 300cloud for both new and existing users.
The second product update of Sage 300 2017 was released a few weeks ago and is packed with new features especially for the web screens, this includes the availability of the OE Shipment and OE Invoice screens and a great change to the existing item finder throughout the system. Here is a list of the new things available to Sage 300c from the latest 2017.2 release.
The ultimate goal of any company at the end of the day is to be profitable. Therefore, it pays off to trace and track the factors that contribute to the bottom line of your business (as discussed previously). There is no "one size fits all" approach as each business faces different circumstances that affect their company’s financial performance in a unique way. Nevertheless, below are a few common examples of financial performance analysis we provide as part of our financial analytics tools and services.
Most mid-tier ERP solutions would provide you with the facility to enter multiple set of budgets against your financial accounts. It is a simple but powerful tool that allows you to make quantitative projection of your expenditures, revenues and financial position. Comparing your current financial progress with the budget gives a timely indication on your potential issues and opportunities. Our financial analytics tools (as discussed in my previous post) offer a more advanced and sophisticated way of handling your budgets and forecasts and works directly with the budget features in Sage 300.