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.
We live in a data-driven world that is more competitive than ever. It has become imperative for businesses to be in control of their financials and ultimately, the bottom line. Unfortunately, businesses often do not have access to the information they require to put them on top of their game. With the right mix of financial expertise and in-depth product knowledge, WMSSoft assists businesses to strengthen their financial reporting and enhance their bottom line. WMSSoft provides financial analytics with that goal in mind and recognizes the value hidden within your data that has the potential of making a difference.
The Sage Summit 2017 took place earlier this month in Melbourne. The summit was the perfect opportunity to review what Sage has achieved throughout the year and at the same time getting more insight on what Sage is planning to do and offer over the next few years. The Sage Summit was a unique chance to connect to the Sage experts, the partners and the third-party add-ons that are available for the growth of your business.
We have previously seen how Sage CRM can manage your sales pipelines and your sales forecasts (read more). Sage CRM is filled with features allowing you to be in control of all the activities between you and your customers and prospects. But did you know that Sage CRM is designed to be customised and molded into the perfect customer relations tool for your business model.
Sage CRM is a highly customisable CRM solution designed to suit the needs of small to medium organisations at its core. It offers a cloud-based solution coupled with a modern web interface which can get you started within minutes, allowing you to access your CRM database at any time, anywhere in the world. Sage CRM provides efficient and effective tools that can be immediately utilised to unlock your business growth potential by reinforcing your sales pipelines.
As the famous quote goes: "to err is human", but as any business in the world, we aim at eliminating errors and manual entries while improving the efficiency of our business process to maximise profits. As a means to reduce duplicate entries and benefit from a more efficient, consistent and reliable process, Sage CRM offers various features to firstly tailor itself around your business in order to do exactly what you require from it and more importantly to automate and control the most crucial parts of your business workflow.
As a small business (SME), you must at all times be faster and sharper than the competition in order to stay afloat. Many small businesses still believe that it is too early to take on an ERP and that they need more staff, more users before they consider such an investment. However in today's marketplace, no business is too small to take on an ERP solution - on the contrary, an ERP allows small businesses to appear, act and operate like an enterprise-scale organisation.
Stock inaccuracies, wrong deliveries, short deliveries or the inability to tell where to find certain products from your warehouse are just a few common stock problems that you may be familiar with. One of the biggest reasons to take on a new ERP is to take control of your stock. Businesses want to stop being dependant on spreadsheets as the default business administration tool, there just isn't any profitable way to manage your warehouse with a pen and paper in today's landscape. Fortunately, there are better ways and WMSSoft can help you overcome your stock problems.
Microsoft Power BI is a powerful cloud-based business analytics service which interfaces with your on-premise or on-cloud ERP and unlocks insights to drive more informed decisions for your company. Through the use of live dashboards and interactive reports, MS Power BI gives you the ability to view your most crucial business data instantly and monitor the progress of your sales, inventory or employees on the go.
Taking on – or upgrading – an ERP system takes time, staff and budget. Many business owners say they just can’t find the resources to implement one. While updating or implementing an ERP system can look like an intimidating and expensive project, the gains from increased efficiency and improved operations are a good long-term investment. Changing your core software affects your whole business – and the people in it. How do you know that the time, training and disruption involved will be worth it? Here are six reasons for making the leap to a new ERP system.