The latest release of Acumatica is now available! Acumatica 2019 R1 provides comprehensive product enhancements. Users will experience improvements to financial management, inventory management, project accounting, manufacturing, and field service management.
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.
Owning and operating a small business can be challenging. There are so many moving parts, and you need to make sure every department is running as smoothly as possible. Even if all the wheels are spinning in the right direction, you still have to factor in the parts you can’t control, like getting paid quickly and efficiently.
The fact is, 79% of business owners can’t pay themselves due to late payments, according to Fundbox. If small businesses got paid for all unpaid invoices at once, they’d each be able to pay themselves about $40,000!
Collecting payments from customers isn’t always a timely process. If you’re still managing your invoicing with paper, making the switch to email payments can save you time and help you get paid faster. With email payments, customers can pay you from any device with the click of a button. Here are four benefits of accepting email payments through your ERP software.
In 2017, we here at Bennett/Porter took a year off from hosting our annual Connections conference to focus on expanding our software and service offerings. This year we return with and we invite you and your colleagues to join us.
Innovation in the business world is often perceived as opportunity by those doing - and benefiting from - the innovating. For other businesses that change unwillingly impacts, however, innovation often feels more like painful disruption to an already risky status quo. Our little region of the Pacific Northwest is the proud home of Powell's City of Books, the world's largest independent bookstore. We're especially enamored with it now that online and digital enterprises have made similar brick and mortar bookshops such a rarity. For Amazon and Apple, this transformation in how we buy and read books is opportunity. For Barnes & Noble, Waldenbooks, Crown Books, and many others, the rapid dismantling of their longstanding business models could only be interpreted as disruption.
While every company's needs and solutions vary regarding Enterprise Resource Planning, most companies will complete a capital expense justification before committing to an ERP system. This is the return on investment (ROI) process that identifies the expected direct and indirect costs of the project compared to the anticipated benefits. A project of this magnitude is usually approved only if the return can be proven to meet specific lender and board requirements.
You've received a quote from your preferred Enterprise Resource Planning system vendor. Now you know the costs for hardware, software, implementation assistance, and training. So that's the total cost, right? Unfortunately, that's probably not the entire cost of your system, and companies that aren't made aware of this fact frequently find themselves with the unwelcome surprise of additional fees and expenses that were never anticipated - and therefore weren't included in the budget plan.
True costs and real gains. Those are the things you need to know before embarking on an Enterprise Resource Planning system implementation. Why are they important? Because an ERP implementation will likely touch every part of your organization, and you want to know what that equates to - both in terms of impact and benefit - for the bottom line. The two parts are, of course, related. You need to reveal the hidden costs so that you can factor them in to the potential return on investment of your new solution. Completing a thoughtful financial justification for an ERP implementation project will help eliminate mystery about the actual costs and reveal the many available benefits.
Whether for personal or business use, everyone seems to be moving their computing systems and data to The Cloud. So it's natural for companies to ask, "Should we move our Enterprise Resource Planning system to The Cloud?"
Inventory management is, arguably, at the heart of any Enterprise Resource Planning system design. That makes sense, given that inventory records and transactions are the most likely to be digitized. And while some CRM systems bolt on inventory considerations as an afterthought, the best ones offer truly seamless visibility from customer order inquiries though to product volumes in the warehouse. At the most basic level of functionality, ERP inventory management maintains a perpetual inventory record that updates the accounting modules. Fundamentally, the system accepts inventory movement reports (transactions) and maintains a continuous record of the various quantities. Modern ERP systems expand on this essential task by developing features that increase accuracy and efficiency in inventory management. Here are five tools can and should be integrated within any inventory management system to give you the control and visibility to support your larger business operations.