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You can get even more benefits from Sage ERP X3 when you understand and apply these tips, tricks, and hacks to the system. Sage ERP X3 offers a powerful set of data management, financial reporting and analysis, supply chain management, and warehouse management tools for complex manufacturing environments. The more time-saving benefits you can derive from your use of Sage ERP X3, the more your business will profit. Not familiar with Sage ERP X3? Take a free virtual tour at IWI Consulting Group. Three Tips to Get More from Sage ERP X3 and Run a Smooth Implementation Sage ERP X3 offers an essential business planning and financial management tool that’s especially helpful for manufacturers. You can get even more benefits from using Sage ERP X3 with these tips. Create a team of champions: Some companies make the mistake of assigning the management of a new ERP system to the IT director and leave it at that. Winners create a team of champions—leaders from each department who can learn the nuances of the new system and share the excitement with others. Create your own internal team of champions by asking for volunteers from each department to become Sage ERP X3 experts. […]

Business systems have come a long way since the first computerized systems made their way into the small to mid-sized business sector in the 1980s. Innovations throughout the world of technology, from areas as diverse as manufacturing and finance, are changing how business systems think, work, and function. The following are some innovations that we think will have the biggest impact on business systems in the near future. Although no prediction is foolproof, these innovations are already slipping into many diverse areas of business. Five Innovations to Watch Blockchain: Once relegated to the world of Bitcoin and other cryptocurrencies, blockchain looks as if it will cause the next big technological explosion. Innovations that depend upon fast, anonymous, and secure transactions can rely upon blockchain’s digital ledger algorithm to record and create transactions in the blink of an eye. Banking, financial services, and insurance are already exploring the use of blockchain technology, but it’s making ripples in other areas where secure transactions are required. Someday, you may be able to vote online thanks to blockchain technology or buy a house using this encryption technology. Internet of Things (IoT): It sounds like science fiction, but it’s true: The Internet of Things (IoT) […]

Integrated business systems may be the hot new trend for manufacturing leaders today. The push to integrate systems so that information is shared, synthesized, and combined for new insights and useful actions is proving to be just what the manufacturing sector needs to fuel innovation and change. ERP systems are at the forefront of this technological revolution along with business intelligence, accounting, inventory systems, and more. For more on successful integration and ERP, download IWI Consulting Group’s free whitepaper: ERP: A Strategic Growth Driver for Manufacturing Firms. In this paper, you’ll gain additional insights and tips for using technology to spur strategic growth. These tips, along with many others presented in these articles, may be helpful to your company’s growth this year. Improving Speed Through the Manufacturing Process One way that integrated business systems are helping boost manufacturing success is by improving speed throughout the supply chain and beyond. Contextual intelligence, or the knowledge gained from using data derived from multiple systems throughout an organization, helps companies keep pace with customers’ rapidly changing needs. Speedy insights gleaned from integrated systems are improving speed throughout many aspects of the manufacturing process. Real-time order status: Integrating ERP, CRM, inventory and warehouse management, […]

Food manufacturers and others should take note of these important accounting trends, and check out the new financial reporting standards detailed afterward. Both may help your business in the new year. Accounting Trends: Data, Analytics, and the Accountant Accountants have always been the number crunchers of the company, but there’s an emerging trend of marrying both accounting data and other data from within a company to inform business decisions. ERP systems such as Sage ERP X3 and Sage 300 ERP provide companies with powerful data. Accountants are in a unique position to help them harness and analyze that data. Income sheets, balance sheets, and cash flows remain important reports for any company. In addition to those standbys of the accounting world, new data reports added to these basics can provide an enhanced picture of the company’s financial health. An in-depth analysis of all of the data can give your company’s managers the information they need to make smarter business decisions Accountants and financial professionals have the skillsets to analyze complex data problems and distill valuable information from them. By adding your skills to the data picture, you can help drive good decisions. The Right Tools Provide Great Data: Sage 300 […]

What business systems are most important in the era of the empowered customer? Today’s customers are empowered with information: facts, statistics, industry news, global business reports, and more. Any time customers search the web, they can find information that not too long ago resided in specialized databases scattered throughout the world. Now that information can be accessed by almost anyone, anywhere. With all that information comes new challenges. Customers no longer rely on a favored vendor simply because that vendor provides the most comprehensive information about their products or services. Service now stands out as the sole distinguishing factor between companies. It makes good sense to focus on systems and methods that enhance customer service. Business systems in the age of customer empowerment must serve that purpose and truly make a difference in the lives of customers to enhance competitive advantage. Business Systems for Competitive Advantage: Customer-Centric ERP The new buzzword is customer-centric ERP. Best in class organizations, or those who have consistently demonstrated high revenues, lowered costs, and good service utilize a customer-centric ERP model to make their businesses stand out in the crowded marketplace. To these companies, facilitating customer transactions and improving service is the best way to […]

You’ve heard the old saying, “Knowledge is power.” But did you know that better business intelligence can actually improve your company’s ROI? Knowledge is indeed power, and greater intelligence from your business systems can lead to increased profits over time. These three examples of how better information derived from your business systems can lead to increased ROI may intrigue you. At the end of this information, we present to you a free white paper from Sage Solutions called Conducting a Cost-Benefit Analysis for ERP. Download the paper to learn more about how enterprise software can improve your company’s ROI. Better Business Intelligence, Greater Profits: Three Examples Good business systems provide data that can be used to create new business models, understand current problems, and set new objectives. The following three examples of how better business systems and greater intelligence improve ROI may spark your thought processes on how you can use your ERP tools to greater advantage. #1: Develop new business models. When you look at the same data week in and week out, your mind becomes habituated to the picture it paints, and it’s hard to look beyond it to find something new. Often companies become entrenched in existing […]

Few companies wish to spend money on product integration solutions, but with Sage 300 (formerly Sage Accpac), your investment will pay for itself in terms of accurate, timely data that can be used to inform decision-making. Better Data, Better Decisions = Higher Profits What could your company do with better business intelligence? That’s the question many manufacturers are asking themselves this year as they consider investing in integrated software solutions that will help each of their business areas work together efficiently. The ever-increasing competition among global manufacturers has caused a revolution in how information is used in the industry. Today, manufacturers must produce quality goods at the lowest costs just as they did yesterday. But in order to achieve this objective, they must have accurate, timely data, and an easy way to get it. This improved business intelligence enables companies to make better decisions and improve the bottom line. Manufacturers Face Daily Data Challenges A white paper from IDG Research Services and Sage provides some insights into where manufacturers intend to put their money. Among those surveyed, 63 percent say that challenges to daily operations include collecting business insights to drive business decision-making. Data has always been the lifeblood of […]

Investing in automated business systems may help your business reduce human error and save a great deal of money each year. Just how much depends on your business and where automation can reduce such errors, but one common area where automated business systems helps is in warehouse and inventory management. Investment in Business Systems Set to Grow Manufacturers expect investments in technology to increase this year, according to an IDG Research Study conducted for Sage. They’re still spending on automated business processes, especially barcode systems in the warehouse. That’s one area, however, that continues to pay off in surprising and unexpected ways. The report indicates that the second-highest priority among manufacturers is automating business systems and processes to better manage cash flow. Changes in both accounting systems and inventory management can improve cash flow and inventory tracking. Investments in Automated Business Processes and Barcodes Improving the efficiency of warehouse logistics and minimizing costly mistakes is high on the list of important tasks for many manufactures. According to the IDG study, 61 percent of those surveyed invested in technologies to improve warehouse logistics. These automated business processes resulted in an 86 percent improvement as a result of the investment, a good […]

Business systems that enhance supply chain visibility can help your business grow. A study conducted by IDG research for Sage provides insights into these and other methods that manufacturers consider to be of primary importance for business growth. Top Considerations for Business Systems: Integration, Automation, Mobility Among the top three priorities for technology investment by manufacturers, integration leads the way. Manufacturers want their inventory systems to integrate fully with their CRM systems, accounting, and sales software to help customers track shipments and provide real-time updates on where items are in transit. Automation is also among the top three investments cited by the survey respondents. Manufacturers are looking for more ways to automate their businesses from front-end operations to sales and back-end fulfillment. Automation cuts down on costs, reduces human errors, and makes companies more efficient. All three lead to greater profits. Lastly, when asked where they plan to invest their IT dollars, manufacturers cite using mobile technology to make sales and customer service departments more efficient. Cloud-based business systems and enterprise software are making data available to all employees, no matter where they’re working. This provides better information and updates which can, in turn, lead to higher customer satisfaction. The faster […]

Have your business systems been pieced together over time? Do you have a patchwork of software at different levels of technological maturity? Are you having interfacing and maintenance issues? If your software systems are not communicating, it may be time to switch to an integrated enterprise resource planning (ERP) system. Just like team sports, your business systems need to work together in order for your company to meet its goals. Many players working together can achieve much more than one player who is acting alone. While different business functions require tools that meet their specific needs, a problem occurs when the functional software is so isolated that it can’t work with any other system. They contribute to functional silos. It’s a common problem that high-growth businesses share. As you add new offices, sales channels, products, and processes, you may have implemented short-term solutions to meet revenue goals. As a result, software applications were installed at different times and in different areas resulting in business process inefficiencies, software incompatibility, data loss, human error, complexity, and higher costs. When you have functional silos, challenges arise that can impede growth. Perhaps your company is already in this place. Or perhaps, you are headed […]