Do you have insight into what processes are working correctly and which need improvement in your organization? How do you identify potential problem areas in a timely matter so that positive action can be taken? Business Intelligence (BI) allows you to analyze and better understand what your plans should be in order to get successful results. Finding out how BI can keep your company ahead of the curve and choosing the right BI vendor becomes increasingly important as you continue on a path of growth.
In our past two blogs in the “Outgrown QuickBooks Series,” we have discussed how it can be challenging to keep up with employee growth and what happens when you need to improve your budgeting and forecasting processes. In order to ensure that you can tackle both of these things, you need to reevaluate and improve your accounting controls. As your business continues on a path of growth and you have to navigate through increasing rules and regulations, how do you ensure compliance? As you may know, QuickBooks is not a GAAP or SOX compliant system.
It’s not unlikely that your growing apparel and footwear organization faces industry-specific challenges that require the ability to manage sales growth, operational efficiency, and maintain financial agility. You need an integrated view of your business, and a solution that can scale and adapt easily to your evolving business needs. SAP Business One and Third Wave Business Systems form a solution that support your core apparel and footwear business processes, including financials, sales and service, procurement, logistics execution, product development, manufacturing, and business analytics.
In last week’s blog, we discussed the first warning sign that your organization may be outgrowing QuickBooks. In addition to struggling with keeping up with employee growth, your company may be at the point where you need a better way to analyze your data to create more accurate sales projections and set the right spending budgets to meet your goals. With QuickBooks, you’re unable to do the necessary analysis because you can’t get the right data in the format you need. The frustrating part is that you know the data is there but you just can’t access it.
How do you track your marketing leads and prospects? Do you have the ability to keep track of which of your marketing leads receive the various email messages you send out? As your database of marketing leads continues to grow, it becomes increasingly important that you use new and creative ways to capture their attention via email communications. Chances are you target your messaging in various ways, depending on the audience you want to reach, and other variables like key business issues. Sending out emails to prospective customers is great, but without the tools to measure the results of those messages, your efforts can fall short.
When you factor in the cost, features and functionality, it’s easy to understand why so many small and entry-level businesses have made QuickBooks their accounting system of choice. With over 3.5 million users, it is the most popular system for these businesses, providing a powerful entry-level solution. But as businesses grow, that same system becomes a bottleneck, preventing them from achieving their full potential. This blog series walks you through the top 10 signs that you’ve outgrown QuickBooks and is based on our extensive experience helping small to mid-sized enterprise manage their business better.
In such a high-paced business environment, your marketplace is often dynamic and unforgiving. Competition is prevalent – with certain rivals duplicating successful products and offering them at lower costs than you. In addition, globalization has created a need for new channels to continue to expand to new markets. In doing so, supply chains become longer and way more complex. And as customers’ demand continues to rise, you need to come up with new ways to create flexible product configuration and more accurate order fulfillment. How do you manage this?
Do you want to manage all of your shipping tasks directly within SAP Business One? What if you could utilize seamless real-time web services integration for UPS, FedEx, or USPS? Would you like to automatically assign tracking numbers to your packages to better monitor where orders are in transit? ShipEasy provides you with the functionality to do it all!
Third Wave’s ShipEasy solution enables you to simplify all tasks required for your UPS, FedEx, or USPS shipping processes from directly within SAP Business One. ShipEasy seamlessly communicates with each shipping carrier via the internet for real-time upgrades and updates to ensure accurate pricing.
You know how important it is to gain new customers and create new business for your organization, but how much of a focus do you put on keeping your existing customers happy? What some companies fail to realize is satisfying your current customer base is critical. Retaining loyal customers is not easy – it takes some thinking and innovation to ensure that they keep doing business with you. What it comes down to is creating buying experiences that satisfy your customers’ purchase requirements. Do you understand the needs of your customers? This should be the first prerequisite in guaranteeing that they will return to you time and time again. You need the right tools to do so. Investing in a powerful Enterprise Resource Planning (ERP) solution can be the first step in keeping your current customers happy while helping you anticipate their needs. You want to determine the proper goods and/or services to market, and create offers that will excite your buyers. With an ERP system, you will be presented with better information to enable you to make smarter, faster decisions that enhance customer interactions and boost satisfaction.
How do you manage your financial reporting process? Do you store your financial-related information in various Excel spreadsheets and then search through rows of data to pull out what you need? Do you have to access data in a disparate system not tied to your core business management system? Doing so could be extremely detrimental to the success of your organization. You need a solution that enables you to combine planning processes with budgeting, forecasting, reporting, and consolidation. The ability to manage these processes in one solution like BOARD can allow you to effectively align your performance with corporate strategic vision, giving you a constant clear view of where your company is at.