Accounting solution

The client relationship starts long before a purchase is ever made and continues even after the product or service is delivered. Keeping this in mind, it is important for companies to review their business processes and ensure that, whatever they are doing, client satisfaction is always top of mind. One of the things that many companies struggle with when it comes to maintaining customer satisfaction is the purchasing and order fulfillment process. As a distributor, [...]

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Up-to-date Inventory Information If you get a sudden visit by an accountant that wants to reconcile your inventory, with Mobile WMS you can easily track the inventory that he wants to be counted, and hereafter it can be easily done via the mobile hand scanner. In addition, you’ll get the option to customize this solution, so that only employees have the right to do a count or adjust the quantity with Mobile WMS. Precise Counts [...]

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Lack of Written Procedures and SOPs In a Standard Operating Procedure (SOP), clear stages are outlined for completing specific tasks in the workshop. Proper utilization of SOP improves communication and makes it easier to perform the necessary tasks for the work to move ahead. However, compliance issues tend to arise due to a lack of effective SOPs/Written Procedures. In addition, different issues prevent creating and using SOPs, including complicated language, lack of standardization, and inadequate [...]

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Today, industries use EDI integration to share a range of document types. The most common document flow exchanged between business partners’ computer systems are purchase orders, invoices, and advance ship notices. Several other documents are transmitted via various EDI formats depending on industry and region. Food retail or FMCG (Fast-moving consumer goods) organization: requests for quotations, order status inquiries, product transfer, resale reports, etc. An e-commerce company: booking confirmations, shipping status, customs documents and others. A manufacturer: motor carrier load [...]

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There are several definitions of EDI one might find. But, to put it plainly, EDI is the electronic exchange of essential documents (also referred to as messages) between businesses using a standardized format. Therefore, it replaces the practice of sending out paper-based documents that were earlier sent out by post, fax, and/or email. The use of EDI streamlines the communication process with the use of a standardized format. One of the older definitions of EDI by the [...]

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IoT devices fixed into assets are being used to record variables like vibration, temperature, humidity, and flow through at a much more granular level using IoT devices fixed into assets. Combined with advances in 4G and 5G – where we now have global network coverage – connecting and feeding data back from assets and devices is now simpler. Data from IoT devices flows into a data lake; from there, (AI is used to identify key [...]

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When you’re operating in the crane rental business, you know that transporting a large crane is not easy. To move and construct a tower crane or heavy-duty crane can take several days. Additionally, you need a lot of transport vehicles to get everything from point A to point B. The largest cranes can even take several hundreds of trucks to move them. They stay at their locations for quite a while, because such an enormous [...]

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Master Data Management (MDM) is a process by which the master data of your company is managed contemporaneously, providing a unified view of your organization’s internal and external data. Master data inclusively refers to the data of customers, employees, products, vendors, locations, services, contact mechanisms, accounting items and policies. As such large volumes of data are prone to inconsistencies, errors and duplication, it is advisable to adopt a master data management process for data cleansing, which [...]

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1.High overheads include lockboxes, manual matching, and bank fees, among other things, are some of the major pitfalls that a business owner should look out for.    2. Slow time-to-cash, which essentially means an uptick in DSO and a negative effect on cash flow. A lengthier or more complicated cash conversion cycle (time-to-cash) signifies that the company takes longer to earn cash. Small businesses may have operational issues as a result of these delays, which [...]

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Control When looking at new systems it’s important to have flexibility and control because: Each business is unique. Your payroll requirements are unique, too. Payroll must be managed in a way that reflects your distinct culture. There should be no blind spots. No workarounds. No kidding. You want a payroll platform that adheres to your business processes not the other way around. Bringing payroll in house gives you that control and access to all of [...]

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Formulation and Pre-Formulation Logically, there are some strict regulations that regulate the medicine manufacturing process. These regulations include guidelines around how employees should formulate and monitor raw materials, as well as how they should manage finished product yields to produce a batch. In the pre-formulation stage, employees must follow stiff quality processes that include: Defining medicine production procedures Scheduling medicine production stages Measuring medicine production quantities With a Pharmaceutical ERP system in place, companies can automatically [...]

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Blockchain technology has a lot to offer to ERP systems and the overall digital environment of an organization. These are some of the attributes blockchain might supply to an ERP: Blockchain adds transparency and auditability to an organization’s records: One of the advantages of blockchain is the ability to create smart contracts. Smart contracts are computer protocols that can verify and enforce contracts automatically using digital codes without the need of third parties. These smart [...]

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Moving from a traditional manufacturing business to a D2C business model is a big change and requires careful planning. Before starting your digital transformation, you must consider these five critical elements. 1.  Invest in technology D2C requires a significant technical infrastructure including an eCommerce solution designed for the end customer and your sales model. In addition, you will need to integrate a customer data platform that supports the entire customer experience. 2.  Identify potential channel [...]

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A primary and patent benefit is improved profit fringes by retailing directly to patrons at nigher to retail prices. That's definitely a great motivator on its own, but there are yea more reasons for manufacturers to espouse D2C eCommerce. Increase patron fastness Manufacturers that are considering D2C have the opening to offer patrons more competitive prices than retailers, while still maintaining larger profit fringes than in nonsalable. This is a triumph- triumph for both patrons [...]

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The direct-to-consumer (D2C) eCommerce business model enables manufacturers to sell their products and services directly to consumers without the assistance of a middle channel such as distributors and retailers. The good news? You get more control over your brand and a closer relationship with your end customer. You must be ready to take on new retail functions in addition to your traditional manufacturing responsibilities. A primary and obvious benefit is higher profit margins by selling directly to [...]

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