Accounting ERP Software – What to Look For

November 28, 2013

Accounting ERP Software

This post outlines some of the functionality one should expect from Accounting ERP Software.

All businesses have to manage their accounting processes one way or another. For small businesses this can mean manual data entry and calculations, or the help of an introductory accounting system.  Larger businesses, wanting to integrate their accounting software with their inventory and contact management systems, should consider implementing accounting ERP software.  With integrated accounting software, all data is accounted for in one database, eliminating the need for duplicate entry and reducing keying errors.  In addition, accounting activities are directly connected with inventory activities and vice versa, making the flow of information and the sales process easy to manage.  In order to get the most from an accounting ERP system, you should be aware of some of the most important software functionality to look out for:

Key Features

● Standard Accounting Features   ● Operational Functions   ● Trustworthy Accounting

● Document Management Software   ● Electronic Invoicing and Bill Payment

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Lot Traceability in the Apparel and Textile Industry

November 13, 2013

Lot Tracking in the Apparel and Textile Industry

When people hear the term “lot traceability software”, most immediately think of it in terms of the food and pharmaceutical industries – and for good reason.  Take any bottle of ketchup or package of pills and you will find a lot number stamped on it, usually alongside the expiry date.  Within the food and pharmaceutical industry, lot traceability is not discretionary, but a required component due to the potentially dangerous nature of products in those industries.  It is required in order to meet ISO standards and remain in compliance with the FDA’s Food Safety Modernization Act and the CIFA’s Safe Food for Canadian’s Act.   However, what many people don’t realize is that lot traceability software can be valuable in other industries as well, and more specifically in the apparel and textile industry.

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The Importance of Evaluating Processes during the Inventory Management Software Search

November 4, 2013

evaluating business processesWhen implementing new inventory management software, a business owner should always take the opportunity to evaluate processes with a view to increasing efficiencies and reducing costs.  A good software vendor will not only spend time discussing their product, but also getting to know your business and current processes to identify potential areas of improvement.  The efficiencies resulting from implementing new inventory management software will be minimized if processes are not reviewed and evaluated as part of this. In small businesses, where employees wear many different hats, processes are sometimes just habits formed over the years. Evaluating these processes and habits prior to and during the search phase will help to ensure that the system chosen provides the most benefit to your business.

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