Future-proof your accounting department

By Glenn Saunders Businesses are evolving and changing faster now than at any time in the past. While experiencing rapid growth and change, some private businesses falter under the weight of their own stature. A failure in financial reporting or compliance can quickly have a huge impact on corporate reputation and the company’s prospects for[…]

Planning For The Future

Successful businesses set strategic goals for specific business operations.  Goals should be more specific than “be successful” or “improve sales”.  Once you have specific facts and figures down on paper, you want to associate budgets and labor resources to those goals and monitor your progress.  You can’t trust the future of your company to spreadsheets[…]

Get The Upper Hand On Labor Productivity

For service industries such as professional service consultants, software providers, and those involved with healthcare, labor productivity has the biggest impact on profit margins.  You need to dedicate the right people to the right job or task and minimize as much of the common manual processes as you can.  Get the upper hand on labor[…]

Build On A Solid Foundation

Although business growth can occur naturally, more often it takes careful planning.  You and your key managers consider strategic goals, evaluate new markets, and develop marketing campaigns to reach different customer groups.  Get the control and visibility you need to grow by using a robust business management solution as your foundation.       Organic growth is a[…]

Satisfy Customers On-The-Move

Customer demands are always changing and now they expect the same personalized interactions across several channels.  Whether shopping online, in the stores, or through mobile devices, customers expect to see the same information, pricing, and have the same level of attention from your representatives.  Connect your key people with your customers, across all channels, with[…]

Go Big or Go Home

Larger businesses often encounter similar challenges as their smaller competitors, only on a bigger scale.  Which is why implementing an enterprise resource planning (ERP) solution can be more daunting for an enterprise business than for a small startup.  However, getting into the right ERP solution is better than stumbling through legacy or disparate solutions, especially[…]

Exercise Your Options For The Best Results

Most business owners and management teams feel like they are stuck with their existing business management solutions.  Having already invested in business software and for fear of interrupting a busy business, it may seem easier to live with the system in place.  However, you do have more options than you think. If you are beginning[…]

When Numbers Are Your Life

Accurate financial numbers are important to your long term success.  Knowing what to charge for a product or service shouldn’t be a guessing game.  You don’t want to leave money on the table, so knowing true costs and profit margins is important when estimating a proposal for a customer.  Where do you normally get your[…]

Visible and Invisible Inventory

Manufacturers and distributors have the challenging task of tracking volumes of incoming and outgoing inventory. Procurement teams need to know what inventory is on the shelves, in which warehouse, and in what quantity, as well as what inventory may be en route to the warehouse or the customer. You can’t exactly stroll through the warehouse[…]

The Problem With Spreadsheets, Part 4: Tracking Budgets

It’s one thing to have a budget for your department or a customer project, but it’s another thing to actually follow it. Of course, you need to hit certain financial goals and deliver a product according to what you quoted, but how well can you follow a budget using a spreadsheet? Not very well indeed.[…]