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A new year is here, and it’s an ideal time to review your business practices in addition to your personal goals. The retail industry has seen many changes in the last decade, and whether you’re running a brick and mortar store or an online shop, there are always a few key areas to keep an eye on. Take Advantage of an ERP System The retail industry has stayed relatively static with operations and management practices for a long time. Sellers and suppliers used to determine what consumers should buy and how they can shop. Now, customers are the driving force for the shopping experience, and if you don’t meet their needs, it’s easy to browse for competitors who will. It’s important to use data to your advantage and seek business management software support that can help integrate and inform all areas of your business. IWI Consulting Group provides leading retail management solutions and omnichannel platforms. They include the top enterprise resource planning systems operating in the cloud for secure and accurate data collection, analysis, and easy access for employees in all departments. Our consulting experts can help you tailor a solution and train your teams to use it effectively, with […]

Non-profits by their very nature face specialized issues and circumstances that require mission-focused management and strong teambuilding. Utilizing the help of enterprise resource planning (ERP) system can help immensely with the nitty-gritty of operations, financial management, human resources, donations, and more. While running a successful non-profit or non-governmental organization takes a wide variety of skills and competencies, there are a few core areas to strengthen to form a solid base on which to build. At IWI Consulting Group, we assist non-profits and businesses with adopting and tailoring an ERP system to improve their efficiency, productivity, and integrate all areas of their operations. As a Sage Business Partner, we can provide Sage 300cloud support in Toronto and help with a whole range of other Sage software solutions for small- and medium-sized companies. Our core areas of focus are ERP, customer relationship management (CRM), and human resources management systems (HRMS), plus IT networking assistance. We’re invested in the success of your non-profit and management strategies. The following three areas of focus will help you bolster your organizational cohesion, focus, managing capabilities, and more. 1. Know Your Mission Most businesses have at least a general idea of their values and the messaging they […]

New small businesses face unique financial management challenges because they don’t share the same advantages that larger corporations do in the marketplace. Cash flow is a primary concern. Even with a promising product or service that is performing well, and deals being made that will pay out in the future, there is still a limited amount of cash on hand to pay for current expenses. Owners may not receive a steady income for an uncomfortable length of time because paying employees and the bills come first. Small businesses also often report having problems in the areas of credit availability, making payments on loans and debt, fulfilling on contracts with purchasing, rising manpower costs, the cost of technology and IT departments, and simply paying operating expenses. Unforeseen expenses are difficult to plan for. Inefficiencies in the supply chain can occur that better management could help fix. In the foreground of all these issues is the matter of attracting and retaining customers. One robust solution that can help make a big difference for struggling and ambitious small businesses is a financial management system that operates in the cloud. Many new companies are taking advantage of the security, flexibility, scalability, and cost-savings of […]

Consumers stream massive amounts of content for entertainment and information purposes, for work and leisure; scalable, flexible, and reliable cloud capabilities have made this possible. They want to enjoy these services from many locations and on a wide array of devices. Binge-watching the latest dystopian sci-fi series at home and composing a tweet-storm during the morning commute are both cloud-based functionalities that require reliable services and connection. Social media platforms, entertainment streaming services like Netflix and Hulu, live streaming events, and virtual meeting spaces, to name a few, wouldn’t be possible without the cloud. Media companies need to stay on the cutting edge of technology and they were some of the first enterprises to realize the potential of the cloud. Maintaining big data processing, ingesting, transcoding, and transferring huge files in several formats – and doing so securely – is made much more efficient with multi-cloud solutions. There can be sudden spikes in demand, and the ability to scale up to meet this and other unanticipated events is invaluable. Some Benefits Include: Companies that are expanding, or ones that are downsizing, benefit from the scalability of cloud computing services. There is no need to hire IT staff to install, upgrade, […]

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 […]

Sage 300 ERP offers a powerful enterprise resource planning tool for businesses at all stages of growth. Many have wondered what the C stood for in Sage 300c. Now, with a new name change, we know that it stands for the connected cloud you receive with Sage 300cloud. But there are other C’s of Sage 300cloud—Cloud, Customers, and Customized—that make it one of the most popular ERP products on the market. Let’s take a look at how each C benefits your business. Cloud-Based Sage 300cloud ERP systems are no longer optional. To remain competitive, businesses must use data to refine their strategies, target their customers, and improve service. Without data, you’ll rely on guesswork that may lead you to the wrong conclusions. With real-time data, you’ll be able to make faster, better decisions and build a stronger, more competitive business. Sage 300cloud offers this and more. It’s a cloud-based ERP application. This means that it is accessible anytime, anywhere, from any device. If you can log into the Internet, you can log into Sage 300cloud. Sage 300 also offers an on-premises solution for customers who prefer site-based ERP. Cloud-based ERP such as Sage 300cloud offers you so much more than […]

Enterprise resource planning systems (ERP) offer more than a great way to manage the information from all areas of your business. They also provide you with better cash flow management. Businesses need cash to fuel growth, development, and innovation. Better cash flow management ensures that you have the necessary cash to make sound investments into new projects. It helps your business flourish. Here’s how an enterprise resource planning system can help your business grow. What Is Enterprise Resource Planning? An ERP or enterprise resource planning system is business process management software. It integrates and automates many back-office functions to help you improve productivity. ERP systems such as Sage 300 and Sage 300c (cloud-based ERP) offer many advantages to your business. Improves Cash Flow Enterprise resource systems help you automate and integrate systems and processes throughout your company. It can automate routine tasks such as billing and invoicing, and integrate with systems such as accounting and finance to run reports on unpaid invoices, past due invoices, cash flow, and much more. ERP systems such as Sage 300 can help you with: Late purchase orders: It can be frustrating when orders aren’t shipping out quickly. Customers get annoyed, and delays in shipping […]

A big part of effective supply chain management is managing information. A steady stream of real-time information that updates your managers on where items are along the supply chain is invaluable. Software such as Sage X3 and Sage 300 can help you improve supply chain management by ensuring that everyone throughout your organization is kept informed about the location of resources, parts, supplies, raw materials, personnel, and orders. The Art of Supply Chain Management Your supply chain managers are the ones who ensure that everything moves smoothly from order intake to order production. They’re the ones who manage vendors, resources, and equipment to keep your operations running. To do a good job with supply chain management, they need information. Sage software, such as Sage X3 and Sage 300, provides real-time updates on operations, finance, accounting, sales, production, warehouse, and inventory. Depending on the additional Sage software modules your company has chosen, you can get even more information flowing through your Sage enterprise resource planning system. There’s an art to managing the supply chain, and it starts and ends with information. Sage ERP helps you stay on top of what’s important. Manufacturing Bottlenecks: What’s Stopping You? What are the most common […]

Exceeding customer expectations, rather than meeting them, seems like a big hurdle to jump. But with software such as Sage 300, keeping customers happy and satisfied is just one of the many attributes of using a comprehensive business management system. It’s easy to get bogged down in warehouse operations at the expense of customer service. Things like cutting costs, improving accuracy, enhancing productivity, and other concepts, are, of course, important; but, all are for naught if they do nothing to enhance the customer experience. The customer is, at the end of the day, the person who pays your salary. By their purchases, they decide whether they choose to do business with your company and whether they believe you are productive, efficient, and accurate. If not, they’ll take their business elsewhere. How can you make the customer the center of your manufacturing universe? By creating a culture that focuses on the customer as the center of operations. Consider the many touchpoints you have with customers now and how each can be enhanced. By focusing on them singly, the collective whole can add up to a big difference. Sales people can be a great source of information to assess the customer experience. […]

Controlling inventory can feel like riding a wild, untamed horse across a rocky cliffside trail. At this precise second you’re still in the saddle holding the reins, but at any moment the horse could plunge off the cliff and take you with it. Inventory control can feel just about as scary. Are you in control of your inventory, or is it controlling you? Software such as Sage 300 can help you take back the reins and guide your inventory to a safer, saner place. There are several other tips and tricks you can put into place to manage your inventory better. With software like Sage 300 and these steps, you can sit back and enjoy the ride. Inventory Control Tip #1: Build a Stock List Building a stock list can be the first and best step towards inventory control. A stock list helps you keep track of all the items in inventory as well as their costs and retail price points. With a stock list in hand, you can make smart decisions about how, when, and why to sell items. Let’s face it—your company manufactures products to sell, not to store them in the warehouse. Yet if products are piling […]