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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 X3 offers exceptional new features that are making businesses across Canada fall in love with Sage products all over again. What’s New in Sage X3? Sage X3 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 X3 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 X3 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 supply chain, and improve productivity. […]

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 […]

16
Jul 2018
Monday

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 […]

11
Jul 2018
Wednesday

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 […]

04
Jul 2018
Wednesday

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 […]

27
Jun 2018
Wednesday

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 […]