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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 […]

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 […]

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 […]

If you work in discrete manufacturing, you know the multitude of challenges specific to your specialized products. Integrating and managing complex systems and components like designs, materials, parts, importing, locations, staffing, daily operations, and more, takes extraordinary organization skills. Whether you produce a low volume of complex and niche units or a higher volume of products with a more simplistic design, Enterprise Resource Planning (ERP) software can be tailored to suit the unique needs and challenges of your manufacturing system. With constant, ongoing changes in technology and markets, IWI Consulting Group can help you improve lead times, cut costs, reduce waste, and increase managing capabilities with a fully integrated ERP system. Discrete manufacturing can range from a luxury convertible to a basic mobile phone, but both businesses face similar challenges in their respective competitive markets. Consumer tastes, trends, disposable income, and economic climate are constantly shifting. Global supply chains can become disrupted by new tariffs or laws. The rules and regulations placed on industries and products can tighten (sometimes loosen) and this can alter designs and materials. For businesses to stay current and competitive, innovative, and producing at peak efficiencies, resource management needs to be both dynamic and accurate. ERP […]

A fully automated warehouse can help you reduce errors. Have you ever considered just how the tiniest mistakes impact your business? Consider these statistics. The average picking error rate is between 1% and 3%. That doesn’t sound too bad until you consider just how many orders that impacts. If your warehouse processes 100 orders an hour, that means that 1 order will be wrong every hour. Multiply that by the average 8-hour workday and that’s 8 incorrect orders a day. In one month, that’s 240 mistakes! Your numbers may be lower than that, of course, or your reported error rate may be lower. You may not even know that a customer’s order is wrong unless they report it; many people don’t, especially if the mistake provides them with higher cost materials than they originally ordered. Think of all the lost productivity and profits those numbers represent. Returns may be higher than usual because of mistakes in picking and packing; inventory may be inaccurate if the wrong items are included in outbound orders. Barcode scanners connected to your ERP system no longer require heavy investments into new hardware. Instead, you can transform your mobile device into a barcode scanner with Sage-compatible […]

There comes a time in every organization when change needs to happen to improve efficiency, meet new goals, or keep up with donor demands. Change is always hard and changing accounting systems can be difficult for many organizations. Employees are used to working a certain way. The current system is familiar and comfortable. They know precisely how to run reports, input data, and find what they need. Is It Time for a New Accounting System? There are certain signs and signals that let you know when it’s time for a new nonprofit accounting system. Do any of these sound familiar? Expansion: Your organization has grown since you implemented your original accounting system. Now you’ve got several locations, additional staff, and more volunteers. The current system can’t accommodate all its users. You’re constantly paying more money for additional site licenses so that telecommuting workers and new locations can access the same data. Out-of-synch data: Separate systems at numerous locations mean that you’re regularly updating databases so that the information is in sync. You’re feeling frustrated because changes made to one database don’t flow through to others. Changing priorities: When you installed your current system many years ago, you just needed to […]

Sage business solutions can help you improve accounting efficiency. What is efficiency? How does your business define efficiency? Every business defines efficiency differently, and every department as well. However, when it comes to accounting efficiency, most accountants focus on three areas to improve efficiency: Time management Technology Work-life balance IWI Consulting Group is offering a new white paper on accounting efficiency. Accounting Efficiency: Surprise Findings If you looked at these three areas, which one do you think presents the biggest challenge for accountants? The answer will surprise you—it’s work-life balance. The white paper previously referenced indicates that over 30% of respondents view work-life balance as their biggest challenge. Following closely on this response, keeping up with technology ranked second and time management, third. After that, other factors involving workflow management, staffing, and keeping up with changing standards, as well as other items, all add to the complicated tangle of issues facing accountants today. Let’s focus exclusively on the top three challenges. Technology, especially Sage software such as Sage EM (formerly known as Sage X3), Sage Intacct, and Sage 300cloud (formerly known as Sage 300), can assist with these concerns. Keep Your Eye on the Big Picture When it comes to […]

The right tools make any job easier, and Sage Intacct is the right tool for handling big data projects and tracking the right KPIs. By 2020, experts predict that the digital universe will hold 44 zettabytes of data. If you’re wondering what a zettabyte is, and how 44 zettabytes translate into actual numbers, that’s exactly 44 trillion gigabytes of social media posts, smart device data, and multimedia content. Big data has certainly captured the imagination of businesses everywhere. Everyone from the C-suite on down expects data; data drives decisions on everything from operations to fulfillment. Data captured at every point throughout the supply chain must be stored, managed, and updated. Add onto that new advances in barcoding technology such as 2D and 3D barcodes, augmented and virtual reality, and other platforms, including social media and mobile, and you’ve got an enormous sea of data. Sage Intacct: Benefits to Your Company Sage Intacct offers many benefits to companies seeking to manage the constant influx of data. With Sage Intacct, you’ll be able to manage your data more efficiently as well as derive valuable insights. Track the Right KPIs Sage Intacct makes it easier to sift through multiple data streams to track the […]

There’s an old acronym in sales: ABC, or “always be closing.” We have a new acronym for you: ABR. It stands for “always be recruiting” and is the new, best way to find top talent for your company. Experts say that it costs up to 50% of an employee’s annual salary to recruit and fill a vacancy. It probably costs more if you factor in the time of screening potential new hires, training time, and more. Costs can also rise if you are recruiting for senior-level positions versus entry-level ones. The old method of finding employees doesn’t work well anymore. You can’t rely on help wanted ads, resumes, reference letters, and a slew of interviews to find your next superstar. Sure, you may use all of these techniques and more, but you need to do more to reach into your networks to find the right people to fill talent vacancies. Companies need the best and brightest employees to innovate in their industries. People are the engine that runs your business. To find the right people, constant recruiting and enacting techniques to keep in front of people who may be interested in working for your company are great ways to always […]

You probably know the signs that tell you when it’s time to get new tires for your car. The tread appears worn. The car starts pulling to the right or to the left. It’s easier to skid on the roads in snow, ice, or rain storms. Sure enough, you check the records, and it’s been four years since you last upgraded your car’s tires. Time for new ones. If only more businesses considered their ERP systems the way drivers consider their automobile tires, there would be less frustration in the business world. ERP systems, like car tires, can become outdated, outmoded, or “worn out.” Is it time to upgrade your ERP system? Signs It’s Time for a Chance: When to Upgrade Your ERP System Best-in-class organizations, or those that perform significantly above industry average, are more likely to upgrade their software than the average organization. If you’re striving for best in class performance, it’s time to “check the tires” of your ERP system and see if you spot any signals that it’s time for an upgrade. Lower productivity: Perhaps the ERP system helped boost productivity when you first installed it. Now, however, it is just getting in the way of […]