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27
Sep 2018
Thursday

You can have an innovative product or unique and useful service, and you can have a great team of enthusiastic employees with refined skills, but if you can’t sell your product, it all goes to waste. Knowing how to sell and how to increase sales may seem like obvious must-haves for businesses, but it can often be a weak point that can crumble an entire operation. Mid-sized and small businesses account for the majority of sales in Canada and the US, and there are several ways your teams can improve sales and grab a bigger slice of the marketplace.   Have a strong but smart digital presence. Many companies make the mistake of thinking they need a presence on every social media platform and to spam their customers with constant emails and newsletters. Strong means quality not quantity. Use the social applications that suit your target audience or customer base, i.e., Snapchat for a younger demo and Facebook for a more mature one. Hire creative professionals to build solid platforms for you with concise and complete information for current and new customers. Shop around to find reasonably priced rates for a graphic designer for your logo, a copywriter who can […]

19
Sep 2018
Wednesday

A business can’t thrive without effective financial management. It takes expert skills and tools to properly plan, implement, and monitor resources, especially for mid-sized businesses with complex operations and a moderate budget to handle. To make the best use of your resources, track and manage core financials, and to stay competitive in an ever-evolving marketplace, it’s vital to have complete information at your and your team’s fingertips.   There is no doubt monitoring financials is complex. Stellar financial management requires powerful management tools in the cloud. IWI Consulting Group is an enterprise resource planning (ERP) and Sage software provider that can help by customizing an AICPA-endorsed solution like Sage Intacct for your business. The system is designed to be flexible and adapt to suit your needs. With these core financials you can increase productivity and efficiency to accurately manage and grow your business. It includes:   A flexible and scalable general ledger with full visibility Enhanced purchasing to set the optimal price at the right time Order management for high volumes, complex processes, and tailored pricing details Easy accounts payable and receivable A full picture of cash and capital management Accessible dashboards and reporting to control operations and financial data […]

21
Aug 2018
Tuesday

Growing a non-profit has unique challenges compared to a standard corporation. Generally, many NGOs and non-profits are providing a service to the community or the environment, researching and innovating in a target area, and occasionally selling products, often as a supportive segment for a larger charitable cause. Finding and managing employees and volunteers, board members overseeing operations, sourcing funding and other resources, and garnering support from local businesses and sponsors, are some of the areas that can operate differently within a charitable organization versus a traditional brick-and-mortar store, online retailer, or insurance company. Some ways that non-profits can see growth in their size and their revenue includes bringing on teams of well-reviewed, interviewed, and qualified volunteers, both regular and occasional, who need to meet a requirement for service in the community. Providing learning opportunities, skills training, and adding other benefits adjacent to your cause for volunteers (beyond the goodness they’ll feel in their hearts) is a good way to attract high quality workers who may even stick around after their requirement is met. Having a solid team of paid employees and continually adding to your staff and payroll will also attract potential candidates who want to introduce themselves and their […]

15
Aug 2018
Wednesday

Should you bring in an enterprise resource planning consultant to your project? As you explore the myriad options for a new ERP system, the task can seem overwhelming. Should you go with general ERP or a specific system for food manufacturing, custom manufacturing, or other industries? Although asking a current staff member to assist with an ERP selection may seem like a good idea, they may not have the time or information to make a smart choice. Enterprise resource planning consultants know their systems inside and out and can bring many benefits to the project. An ERP consultant can be especially helpful if you’re shopping around for a replacement system. By explaining to the consultant what you like and dislike about the current system, they can use their industry knowledge to steer you towards software that’s a better fit for your needs. We’re of the belief that you should bring an enterprise resource planning consultant into a project as early as possible, but don’t just take our word for it—listen and reflect on these pros and cons, too. Then you can make your own mind up about hiring and onboarding an ERP consultant. When Working with a Consultant Is Best: […]

08
Aug 2018
Wednesday

Sage X3 is now called Sage Enterprise Management but the product you’ve known and loved offers more than a name change. Now, Sage Enterprise Management offers exceptional new features that are making businesses across Canada fall in love with Sage products all over again. What’s New in Sage Enterprise Management? Sage Enterprise Management offers a robust suite of applications to manage your business on a global scale. Financial management, supply chain management, production management, and cloud and mobile features all come together into one application that scales with your business for future growth and development. The latest updates to Sage Enterprise Management offer: Faster process cycle time, faster inventory turns, faster customer response time, faster insights into costs and performance. Better management of distributed operations and simpler IT management. Greater flexibility, including customization, configuration and deployment options, in the cloud or on premises. Improvements Over Sage X3 in Production Management Capabilities There are noticeable improvements over previous versions (Sage X3) in the area of production management. For example, in the new Sage Enterprise Management system, you can manage all aspects of production from the initial quote to billing all from one dashboard. Optimize production cycles and lead times, manage the […]

07
Aug 2018
Tuesday

The focus and responsibilities of finance managers change with the economic climate. Basic responsibilities always include financial reporting, planning, budgeting, communicating, and restructuring, plus altering strategies when necessary. In all these areas, many companies must be accountable to investors and the board. The more complex the system and the business, the more difficult executing and balancing these tasks becomes. This requires the ability to react, be responsive, flexible, adaptable and scalable. During the economic downturn, and theoretically during any low economic periods, companies need to tighten the purse strings and make cuts where possible. Of course, a business always aims to be the most efficient it can be, but it’s of the utmost importance when the market is unstable or weak. When the most turbulent times have passed, however, taking hold of opportunities for growth is essential to survive (and to weather the next challenges). Companies and CFOs looking to expand their global reach and presence need to research and operate from new perspectives. Finance managers need to think about other cultures, laws, and regulations, and how they can contribute to a business’s growth in new regional markets and contexts. Technologies are constantly changing, and this can pose some challenges […]

01
Aug 2018
Wednesday

Cloud ERP makes it easier for your company to offer exceptional customer service—the kind of service that surprises and delights customers. Mobile devices have changed how individuals interact with the world. Advertisements on kiosks invite us to use our smartphones to scan QR codes for more information. People expect to connect with friends, family, and business colleagues at any time of the day or night. Mobility is no longer a unique proposition; it’s ubiquitous. Companies today are using mobile ERP to integrate ecommerce, streamline the warehouse, and improve sales and customer service. Let’s take a closer look at how cloud ERP is raising the bar for service, increasing sales response time, and improving overall business success. Cloud ERP Software Raises the Bar on Customer Service Cloud applications have made real-time anywhere access a reality for enterprise software and the systems connected to it. Gone are the days when your team was tied to their terminals to answer customer calls, take orders, or respond to customer queries. Employees may be traveling but they can still respond rapidly to customer questions and concerns. Cloud ERP software helps everyone throughout your company improve their ability to provide exceptional customer service. Improving Sales Response […]

30
Jul 2018
Monday

Trying to manage your company’s daily operations using multiple pieces of software, all downloaded onto individual computers in the office, is now an antiquated way to handle the needs of a midsized business. Not only is it more efficient to combine all functions like Finance and Accounting, Human Resources, Supply Chain Management, and Customer Relations into one place, but doing so via the cloud can take an entire business further. For mid-sized businesses that are growing, global, or small businesses that have plans to expand, software like Sage 300cloud (formerly known as Sage 300 ERP) is a cloud-based system that can make it all happen. Many businesses are now enjoying the efficiency, flexibility, access, cost-saving, and security benefits of cloud computing. There are several reasons to use an all-in-one program that runs on and can be accessed through cloud servers. Managing multiple operations within a centralized program saves time and money. There is no new hardware or software to purchase, uninstall, and reinstall for upgrades. ERP programs are adaptable and flexible to suit a company’s specific and changing needs. There’s no need to switch between programs while multitasking. The system is also fully customizable, with a dashboard and analytics that […]

25
Jul 2018
Wednesday

Sage Intacct Helps Measure Against Outcomes, Improve Transparency Sage software can help you measure what matters in the world of nonprofit organizations. Specific Sage software, such as Sage Intacct, provides you with a strong measure of transparency and accountability, both of which are vital to a healthy nonprofit that engenders trust among donors and members. We invite you to download the white paper, Outcome Metrics: Measuring What Matters in the Nonprofit World to learn more about identifying and measuring what matters to you and to your constituents. Nonprofits: Good Stewards of Their Resources With more organizations competing for donors’ dollars, it’s vital to demonstrate that your organization is a good steward of financial resources. To do this, you must show your constituents that you are tracking expenses against outcomes. For-profit organizations have business goals, typically improving profits for business growth and shareholder wealth. Nonprofits also have goals, but these goals are measured in different ways. Nonprofit goals, or outcomes, may be measured by the difference the nonprofit makes in the world (number of panda bears saved, carbon credits offset, children who receive nutritious meals). While these outcomes may seem difficult to quantify, nonprofits can create their own scorecards to measure […]

18
Jul 2018
Wednesday

With the rising uncertainty created by American President Trump’s protectionist tariffs, Canadian manufacturers need all the facts they can gather to manage around marketplace uncertainties. Sage software offers transparency, real-time data from cloud-based products, and solid reporting capabilities to help you manage costs in an uncertain environment. American Tariffs and Their Potential Impact on Canadian Businesses The proposed 25% tariff on steel and 10% on aluminum are expected to significantly cut into American manufacturing profits. Fully one-third of the 100 million tons of steel used by American businesses is imported into the United States each year and 90% of the total 5.5 million tons of aluminum used by U.S.-based companies is also imported. Approximately 17% of that steel is imported from Canada. Although the thought behind protective tariffs is often popular, the results may be anything but popular once companies raise their prices to accommodate the additional tariffs. Canadian companies may find steel orders falling if their American customers cannot order as many products, which in turn could potentially impact Canadian businesses. … and Canada Retaliates Canada isn’t taking these moves towards protectionist tariffs lightly. Canada announced its plans to retaliate with $16.6 billion worth of restrictions on United States […]