Moving your business online can be a daunting undertaking. It requires careful coordination to bring back office functions together with an attractive and relevant online presence. One of the advantages of an advanced Enterprise Resource Planning system is its innate ability to bridge these two realms and automate much of what transacts between them. Trying to connect them manually will lead to endless time spent - and errors made - in simply moving the data from place to place. Conversely, an ERP system can ease the amount of effort and improve precision in synchronizing your administrative and accounting efforts with your storefront website. Towards that objective, here's a free infographic that provides an overview for taking your business to the internet and lists the benefits of embracing ERP capabilities.
Topics: Cloud ERP
As a technology solutions provider of business management software, we - and our software manufacturing colleagues - often get excited and jump right into the super awesome features and functionality of the products we offer. But sometimes you just need some background about a technology as well as some idea of why it exists to begin with. So when we came across this brief, informative video about payment processing from our partners at Century Business Solutions, we thought we'd share it with you, our readers, who might benefit from the overview. We're coupling it with a free checklist about choosing a payment gateway, just in case watching the overview leads you to the need for research.
Topics: Payment Processing
The cost and consequences of a hectic workday pose a significant challenge for finance professionals trying to ensure business continuity. Fortunately, advances in AP automation bring refreshing news. Of course, automation reduces AP processing errors. But the even better news is that this simple-to-implement technology saves you time and improves productivity - especially during month end! We're providing you with this free eBook, 16 Ways AP Automation Can Improve Your Workday, which outlines how automation can create efficiencies for your AP department. By downloading it, you'll learn about these topics and more:
Topics: AP Automation
In late June, the Supreme Court of the United States - in a 5-4 decision - ruled in favor of South Dakota that states may charge tax on purchases made from out-of-state sellers, even if the seller does not have a physical presence in the taxing state. This decision is a drastic departure from the high court's previous interpretation of The U.S. Commerce Clause in this area and in fact overturns Quill Corp. v. North Dakota. Such a broad expansion of nexus has out-of-state retailers concerned about a new set of obligations with regard to sales tax collection and reporting. This ruling is just the latest chapter in the story of sales tax nexus, which has been heating up since states found themselves starved for revenue during the recession of 2008.
Gone are the days when eCommerce meant simply setting up a website as a virtual billboard; presenting static information about your business's brick-and-mortar existence. Today, an eCommerce-optimized presence on the Internet is a billboard and also a welcome mat, a catalog, a shopping cart, a payment processing system, a merchandise returns authorizer, and an assessor of customer satisfaction. Companies truly interested in succeeding on-line must merge all of these purposes into what feels like a robust but seamless experience for visitors to the 'storefront'. Behind the scenes, integration means that fulfillment of secured orders will be completed quickly and effectively, including allocation, picking, packing, shipping, billing, and collection.
Why do states select some companies for audit while leaving others in peace? There are several factors, few of which will come as a surprise:
- Past audit history
- Volume of sales a company reports to the state
- Volume of exempt sales claimed
- Ratio of exempt sales to total sales
While most of these elements seem obvious, that last criterion can be puzzling: Industry. Yet this factor has started accounting for more and more audit activity across the United States, and it doesn’t show any signs of slowing down. So what exactly does a company's industry affiliation have to do with the chances of an audit, and what else should businesses know? Download this free white paper, compliments of the tax experts at Avalara, and find out.
Did you know that...
- ...while 80% of CPAs think their role will change drastically by 2025, only 10% of them view themselves as innovative?
- ...accounting firms with 100% of their clients using cloud computing witnessed a 15% increase in revenue year over year, compared to 4% growth at traditional firms?
- ...over the next 20 years, there's a 97.6% chance of bookkeeping jobs becoming automated and a 93.5% chance of accounting and auditing jobs doing the same?
- ...investments in artificial intelligence increased by 300% from 2013 to 2016, led by large accounting firms?
- ...global spending on blockchain solutions - which will revolutionize how audits are conducted - is anticipated to reach $2.1 billion by the end of 2018?
On June 21, the Supreme Court of the United States ruled in favor of South Dakota in the South Dakota v. Wayfair, Inc. case. If you've been reading our blog posts related to the topic of nexus, you'll realize why some people are worrying that this 5-4 decision could put an end to “tax-free” shopping for good. Out-of-state retailers might now have a new set of obligations and challenges ahead of them, while states could potentially gain billions in revenue from taxing out-of-state sellers on their online sales. But what does it mean for your business?
Having been contacted directly by Sage Software, some of our customers have inquired about their recently released Sage Time offering. Sage Time is a web-based time and labor management (TLM) system that eases time collection and automates pay calculations in readiness for payroll processing. Sounds cool, right?
The real behind the scenes story, however, is that Sage Time is not developed by Sage Software. It's actually only one-third of Kronos's Workforce Ready product, which Sage has white-labeled in partnership with Kronos. Why does that matter? It might not. But it depends on your organization's ultimate goals with regard to time and labor management...and beyond.
The origin of the vertical filing cabinet is an unsolved mystery. According to the 'Vertical Filing Cabinet' section of the Early Office Museum website, there’s some controversy as to when the vertical filing cabinet first appeared. But whenever it arrived, it’s a genuinely terrifying thought that the filing cabinet just showed up one day and we all started using it without questioning its existence. That’s a little weird, right?
Some sources claim that a gold medal was presented at the World’s Fair of 1893 for a vertical file. However, The Early Office Museum found no evidence to substantiate those claims. Research by author Ester Ellen-Poe suggests that commercial introduction of vertical filing may have occurred in 1900, when a company named the Library Bureau published a catalog that included a vertical filing cabinet.
Topics: AP Automation