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What does it take to be known as a good financial leader? Is it finding the right business systems for your company? Or is it being a go-getter, a decision-maker, and a resource-finder for your teams? It’s this and more. The characteristics and traits of a good financial leader are like those of any other leader. Many of the traits of a good financial leader are the traits of a good person in general, and of a strong leader in any role. What It Takes to Lead – 6 Characteristics of a Good Leader Ethical foundation: All leaders must have a solid ethical foundation. Financial leaders need a strong ethical framework from which to base their decisions. Accountants and CFOs must be rigorously and scrupulously honest, providing the clearest picture they can of the businesses’ situation and finances so managers can make decisions. Without the foundation of honesty, business leaders will make decisions based on incorrect assumptions and facts. Work-life balance: All work and no play does indeed make Jack or Jill dull. Good leaders understand that while hard work is valuable, family relationships and friendships, health and wellness, and a spiritual foundation are all equally important. Good leaders prioritize […]

Sage software offers several solutions to enhance productivity and business data accuracy. Now, Sage Intacct is part of the financial product family. Before buying accounting software, it’s important to do your homework and research all packages, including those offered by Sage software, thoroughly. Here, we’ve put together a special buying guide with the key questions you should ask before investing in new accounting software for your business. You can get the complete guide, 2018 Buyer’s Guide to Accounting and Financial Software, at no charge. Read on for a few important points gleaned from this document.   Accounting Software: What Does Your Business Need? Accounting is more than the proverbial “bean counting.” Good accounting data can be used to develop strategies and plans to take your business to the next level. But to have trustworthy accounting data, you need to be sure that your accounting software delivers what it promises. Financial software systems that aren’t right for your business can hinder rather than help productivity. As you explore software options, consider the answers to the following questions. These questions are intended to help you think about your software needs.   5 Questions to Ask Before Buying Accounting Software Do we need […]

The use of barcode scanners can reduce shrinkage and improve inventory accuracy in your business. Shrinkage may be caused by many things: theft, spoilage of perishable items, or mistakes. Barcode scanners help reduce mistakes by automating the inventory process. Automation improves inventory accuracy and reduces manual counting errors. Shrinkage Facts According to the National Supermarket Survey, often used as a bellwether in the area of shrinkage and loss control, 64 percent of losses are due to operational issues compared to 36 percent due to theft. In other words, problems in how a business is managed—and how inventory is managed—account for the majority of shrinkage problems reported by supermarket retailers. You’re not selling milk or soup, but what you are selling is also subject to shrinkage. And, according to the same survey, operational-caused shrinkage is often due to human error. Manual counting, for instance, opens the potential for many mistakes and under-reporting of inventory, leading to incorrect data and a higher shrinkage percent. Spreadsheets are often used with manual counts and these are notoriously prone to errors. Making one typing mistake can lead to inflated inventory counts or errors that can be carried throughout a report. This derails your best efforts […]

Among the manufacturing software solutions you may be considering, cyber security, or keeping data and systems safe from hacks, leaks, and viruses, should be top of mind. You may have a terrific IT team that pays a great deal of attention to cyber security, but it takes just one data breach to seriously damage your company’s systems and reputation. IT World Canada published facts on the cost of data breaches to Canadian companies that may surprise you. In 2016, the average cost of a data breach, as assessed by studying 27 Canadian companies, was $5.78 million, or $255 per lost or stolen record. Can your business afford manufacturing software solutions that are less than state-of-the-art? With so much on the line, it pays to find secure software from well-known manufacturers who understand the potential risk to your business. Preventing Cyber Threats with Cloud-Based Manufacturing Software Solutions You don’t need a computer science degree or expensive software, either. Much of this protection comes from applying good old-fashioned common sense to your computer use and teaching your employees to do the same. Update your software: You know those annoying update notices that pop up on your screen every now and then? Instead […]