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While all of the features included in the new release can be viewed by accessing the 2016.1 Overview webinar or by downloading the release notes from the portlet, we have also summarized the features that are relevant to most of our clients on the attachment. As with all releases provided by NetSuite, we recommend that…

By Hans Stabell, Kraft Enterprise Systems Microsoft Dynamics GP offers a cost effective solution for managing and integrating general ledger, sales, supply chain, manufacturing, project accounting and human resources in addition to increasing visibility and improving oversight at all levels of the business. The new release of Dynamics GP 2016, planned for Spring…

By Christy Pack, Kraft Enterprise Systems Setting Up Daily Fact Alerts NetSuite users rely on customized dashboards to provide them with the latest reminders and events to stay up-to-date with their evolving business. However, if the facts and numbers are outdated, they could have negative consequences when making important business decisions. Unfortunately, for busy professionals,…

Is your organization a fast growing company with a continually evolving business model? Do departments consistently rely on spreadsheets for operational and financial information? Is e-mail a system of record for the business? These are all signs that it might be time to adopt a full scale business management system. While that sounds like a…

Many legacy ERP products like Sage, Epicor, Oracle, and Microsoft Dynamics require expensive maintenance fees ranging from 16-24% of the full product price. What is included in that yearly fee? Support and the right to future software releases are generally included in these fees. However, most legacy ERP systems have been customized, which translates into…

E-Commerce has helped many retailers open up new markets, expand offerings and increase revenue. Most notably, the estimated sales volume from Black Friday through Cyber Monday increased by double digits while in-store purchases decreased by almost $1 Billion. The majority of Black Friday purchases are B2C (Business to Consumer) and is obviously very different than…

I.B.W.A. is an acronym for Inventory by Walking Around. This is to describe the process where an inventory manager or warehouse employee walks around the warehouse to determine quantity and location of inventory items.

Digital transformation is becoming a more prolific topic among the top consultancies in the world. When the darling blue chip GE starts an active advertising campaign touting itself as “The digital company. That’s also an industrial company.” it may be time to evaluate what impact a digital transformation will have on small to mid-size businesses.

Implementing a software package, whether it’s for accounting, inventory management, manufacturing resource planning or any business area, is always a challenge for even the best organizations. The result of a software implementation should not just be new technology, but must also be better processes, improved efficiencies and a reduction of business risk. However, the prospect of an implementation itself is risky.

Microsoft Excel is the most widely used information management tool among businesses. Smaller companies typically use it to track expenses, keep up with accounts receivable and manage critical information like payroll. Larger companies have ERP, accounting and/or HR systems to manage that information, but often use Excel for budgeting and forecasting.

Today’s Healthcare landscape is changing dramatically with governmental changes, an aging boomer generation, increased healthcare regulations, and others factors such as ICD-10. It is important that healthcare companies stay on top of performance, properly deploy analytics and/or metrics, and forecast where the organization might be going.

By Glenn Saunders I.B.W.A. is an acronym for Inventory by Walking Around. This is to describe the process where an inventory manager or warehouse employee walks around the warehouse to determine quantity and location of inventory items. Another term used to describe this inventory management methodology is “Visual Inventory”. As far as I know, the…

By Glenn Saunders Digital transformation is becoming a more prolific topic among the top consultancies in the world. When the darling blue chip GE starts an active advertising campaign (See the Commercial Here) touting itself as “The digital company. That’s also an industrial company.” it may be time to evaluate what impact a digital…

By Glenn Saunders Implementing a software package, whether it’s for accounting, inventory management, manufacturing resource planning or any business area, is always a challenge for even the best organizations. The result of a software implementation should not just be new technology, but must also be better processes, improved efficiencies and a reduction of business risk. …

By Glenn Saunders Microsoft Excel is the most widely used information management tool among businesses. Smaller companies typically use it to track expenses, keep up with accounts receivable and manage critical information like payroll. Larger companies have ERP, accounting and/or HR systems to manage that information, but often use Excel for budgeting and forecasting. Many…

Today’s Healthcare landscape is changing dramatically with governmental changes, an aging boomer generation, increased healthcare regulations, and others factors such as ICD-10. It is important that healthcare companies stay on top of performance, properly deploy analytics and/or metrics, and forecast where the organization might be going. Budgeting and forecasting are commonly very challenging for healthcare…

“What gets measured, gets managed” ~ Peter Drucker If there’s a transaction in your business’s future — whether it’s selling the business, trying to acquire debt or equity, or even going public — the reliability and validity of your financial information will be a critical factor to your success. You don’t need to have dreams…

Business management systems are a critical success factor for growing enterprises. A business can plateau without scalable systems in place. Or, even worse, it can suffer a loss of existing customers due to mismanagement. The effective deployment and use of enterprise resource planning (ERP) software can provide a model for managing an entire business. Modern…

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…

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…