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When managing fixed assets, you must follow Generally Accepted Accounting Principles (GAAP) for financial statement reporting, and you must follow the IRS tax codes and regulations for income tax reporting. Each has its own set of rules and requirements. This e-book explains the differences between GAAP principles and IRS regulations for fixed assets management, and provides a list of best practices to follow.
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In the world of accounting, the savings potential of improved fixed asset management is often overlooked. Yet assets like land, buildings, transportation, and manufacturing equipment represent among the largest investments most companies make. Sub-optimal fixed asset practices can threaten the accuracy of financial reports and negatively impact your bottom line. This white paper outlines best practices for fixed asset management and suggests tips for implementation, including establishing an accurate baseline of fixed assets, selecting the right asset management tools, staying up to date with legislative changes, and producing targeted financial reports.
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Spreadsheets have become one of the most prevalent software applications used in businesses today, for everything from simple calculations to impromptu databases for tracking a wide range of information, including employee hours, expense reports, and fixed assets. And while spreadsheets are inherently useful in business, they are constantly being used for tasks in which they are ill-suited. Many companies use spreadsheets for financial tracking and reporting, but the negative aspects of using spreadsheets for tracking and depreciating fixed assets are substantial. This white paper describes fourteen ways that spreadsheets can fall short, and gives recommendations for implementing a dedicated asset inventory and asset accounting solution.
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Companies that fail to manage fixed assets can have difficulty complying with reporting regulations and complex, changing tax laws, and thus run the risk of misstating financial information and making mistakes in tax filings. A complete fixed asset management software solution should have tracking, depreciation, and inventory features, and should also provide the ability to conduct physical inventories of assets easily and reconcile the results to the fixed asset schedule. Finally, it should include easy, functional reporting to aid compliance, auditing, and preparation of financial reports and tax filings. This white paper looks at the potential ROI of fixed asset management software.
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Implementing a fixed asset inventory solution and performing proper accounting of assets can save time and money, reduce theft, improve planning and budgeting, eliminate “ghost assets,” and help an organization recover after a natural disaster. However, the importance of tracking and managing fixed assets such as land, buildings, transportation, and manufacturing equipment is often overlooked. This white paper discusses best practices for fixed asset inventory management and suggests tips for implementing a successful inventory process, including how to create an asset inventory process, implement a label and scanning solution for tracking of assets, establish an accurate baseline of fixed assets, and design a “go-forward” strategy for maintaining an asset inventory.
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When businesses implement an ERP system, they have to decide whether to manage fixed assets using an add-on module from the ERP vendor or a dedicated fixed asset management solution. The key differentiating factors can be functionality, ease-of-use, cost, and compliance issues. If you’re currently searching for a fixed asset management solution, this guide looks at the differences between the two types of assets and explains why a best-of-breed fixed asset management solution may be a more affordable, flexible, and reliable option than an ERP add-on module.
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Managing massive volumes of information requires time and resources—two luxuries that most lean and mean businesses simply don’t have enough of today. But now, companies can take advantage of mobility to boost the return on investment (ROI) of their enterprise resource planning (ERP) rollouts. In this white paper, thought leaders share their expert advice on how companies can use mobility to extend the use of their ERP systems.
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As the economy picks up steam, organizations are increasing their investments in enterprise resource planning (ERP) technology as a way to help grow their business. Yet because the recovery remains uncertain, organizations remain concerned with squeezing the most from their IT investment dollars. Download this white paper to learn about two strategies organizations can employ to maximize the returns from their ERP investments.
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Download this white paper to learn about the challenges faced by multi-site and multi-national organizations--and what to look for in an enterprise resource planning (ERP) solution to address these issues.
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Modern enterprise resource planning (ERP) solutions allow for businesses to increase their agility by providing the ability to close gaps at all levels of business, and ultimately getting the right information into the right person’s hand at exactly the right time. In this report, you’ll hear four experts have to say about the ways modern ERP solutions increase business agility.
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When selecting and deploying a new payroll software solution, there are many factors to take into consideration, including timing, data transfer and conversion, and side-by-side processing. In addition to specific software features and functionality, it’s important to choose a vendor known for experience in the payroll software industry. Read this guide by Sage to gain useful information before buying a software solution.
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The current economic environment has forced chief executive officers (CEOs) to focus almost all of their attention on revenues and profitability. They must be very aware of what competitors are doing—and competitors can be anywhere in the world. And, they need to be aware of changing regulations and tax issues. Find out what executives need from human resources (HR) to make well-informed decisions about their workforce.
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The ramifications of healthcare reform and its impact on employers continue to cause political debate. Employers are confused, and although guidance is forthcoming, it is still inadequate. Requirements of the Affordable Care Act are being phased over eight years, with limited provisions effective in 2010. Read this guide and get checklists and explanations to help you meet changing health benefits compliance mandates.
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Human resources (HR) professionals are tasked with ensuring employee needs are fulfilled and employer interests are protected. Management of core employee data, such as record-keeping, time and attendance, and payroll processing, is a cornerstone of every HR operation, and the way companies collect and maintain such data is critical. Find out what core HR management capabilities and systems today’s companies are using.
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Investing in a human resource management system (HRMS) can help you tap into the wide range of business intelligence that already resides within your HR department. Read further to find out implementing an HRMS can help you streamline your administrative activities, become more efficient and productive, and find new ways to move your business forward, giving your company a competitive advantage in today’s marketplace.
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As your company grows and faces new challenges, you must continually evaluate whether your work processes and information technology (IT) solutions can address these issues and help grow your business. Read here on how to perform a preliminary gap analysis to determine whether you need to upgrade your IT solutions and business processes to meet your current business requirements as well as adapt to future requirements.
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As your company grows and faces new challenges, you must continually evaluate whether your work processes and information technology (IT) solutions can address these issues and help grow your business. Read here on how to perform a preliminary gap analysis to determine whether you need to upgrade your IT solutions and business processes to meet your current business requirements as well as adapt to future requirements.
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Total cost of ownership (TCO) remains a significant factor influencing enterprise resource planning (ERP) strategies and decisions. But focusing exclusively on TCO runs the risk of delaying necessary ERP projects. Companies should also consider return on investment (ROI) of such projects. Find out what the average company should expect to pay for ERP and how the business can benefit from a successful implementation.
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In the coming year, many companies will shift focus to business growth. However, continued economic volatility means that they will also need to keep costs in check to maintain healthy margins. Many small to medium businesses (SMBs) are investing in business intelligence (BI) solutions to assist with this effort. Find out what tools are necessary to provide BI and how a suite of BI tools can help SMBs improve efficiency.
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Improving business efficiency is a perennial concern for any company. While many companies employ siloed applications and manual business processes to improve efficiency, “best-in-class” companies are more likely to exploit enterprise resource planning (ERP) technology to improve their operational efficiency to reduce costs and enhance profitability, and make more resources available for strategic planning. Find out how.
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Businesses are looking to make technology investments to prepare for growth, but remain cautious in the current economic climate. One thing is clear: any technology investments must deliver value to the business. Know the 7-step process that enables organizations to precisely measure the value of any enterprise resource planning (ERP) investment to their operation and estimate the potential return on investment (ROI).
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It’s up to human resources (HR) to ensure that hiring, discipline, and termination practices are compliant with the law. Otherwise, you could put your company at risk of incurring fines, penalties, and employee lawsuits. Find out all about the latest workforce compliance and safety laws and regulations that may affect your organization so you can train management and employees, and avoid expensive employee lawsuits.
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When switching to a new payroll solution, companies need to choose between commercial software and outsourced software. Commercial software typically offers more flexibility for midsized companies. Not only is it more cost-effective, it allows you to protect wage and salary information and maintain control over payroll processing. Discover the right questions to ask when choosing a commercial payroll software solution.
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As your company grows, you must continually evaluate whether your work processes and IT solutions can solve your problems and help grow your business. By performing a gap analysis, you can look at where your business is headed and whether you have the right tools to get there. This white paper can help you perform a preliminary gap analysis to determine whether you need to upgrade your IT solutions and business processes.
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The rising price of fuel has set in motion a series of more profound changes for both consumers and industry. But those companies that take comfort from the recent easing of fuel prices and whose management actions go no further than attempts to mitigate the immediate impact of fuel price increases will end up at a serious disadvantage in the market. Find out how your company can find opportunity in changing fuel markets.
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Demand for food and beverages continues to rise. The market will pay a premium for partially prepared healthier choices that are convenient and easy to eat anywhere, or more cost-effective for large-scale food preparation. Discover how software solutions can help companies with innovative solutions for these niche markets gain brand dominance and market loyalty, and achieve higher revenues, profits, and market share.
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Although the industrial equipment market has been growing, based on strong customer demand, companies cannot rest on their laurels. Manufacturers and distributors must keep adding value to maintain existing contracts and win new business. They must be efficient enough to meet new demands while maintaining margins. Discover solutions that can help total industrial solution suppliers stay profitable during this expansion.
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The three top issues facing food and beverage manufacturers and distributors: offering appealing and fresh products; complying with new regulations to ensure product safety; and delivering total solutions to customers—including special packaging, complementary products, and timely delivery. Learn how the right enterprise software can help food and beverage companies profitably meet the challenges these issues present.
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Human resource (HR) managers face a dilemma. They’d like to spend more time improving the work environment, or helping management reduce workforce related costs, hire better talent, and improve existing talent through training and development. But most days, they’re stuck doing paperwork. Learn how human resources management systems (HRMS) can help your HR department improve results, increase efficiency, and lower costs.
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Human resource (HR) departments have an increasingly strategic role within an organization, particularly in the areas of recruiting, compensation, benefits cost containment, and employee development. But often the HR staff finds itself burdened with too many administrative tasks and never-ending paperwork. Learn about solutions that can help your HR department reduce routine administration and cut through complexity.
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Sage SalesLogix provides a view of customer interactions across sales, marketing, customer service, and support so your teams can collaborate and respond promptly and knowledgeably to customer inquiries and opportunities. This flash demo details how Sage SalesLogix helps six different roles: sales, marketing, customer service and support, accounting, IT, and management. Learn how they would use Sage SalesLogix during a typical workday--choose your role now!
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As the economic downturn deepens, there’s no shortage of advice on how your company is to survive—where to cut costs and how to retrench the business. But despite the natural inclination to spend as little as possible, a recession might actually be a great time to use market conditions to your advantage. Find out why now is the time to invest in talent, increase your market presence, perk up your processes, and more.
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The economic downturn means that businesses must capitalize on every opportunity to gain revenue. With the right customer relationship management (CRM) solution, you can protect current revenue streams and unearth new customer revenue opportunities—despite the most challenging market conditions. CRM helps ensure you deliver exceptional service to your current customers, building their long-term loyalty. Find out how.
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Most of your customers and prospects expect you to be involved in social media—and they’ll be more likely to do business with you if you are. So how do you expand your customer relationship management (CRM) strategy to engage social customers, and gain their trust? Discover how to integrate Web 2.0 social media tools and strategies into your traditional CRM efforts for better, more meaningful customer relationships.
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Global demand for food and beverages continues to rise, and the market will pay a premium for partially prepared healthier choices. Food and beverage manufacturers with innovative solutions for these niche markets are in a position to gain brand dominance, resulting in higher revenues, profits, and market share. Discover tactical and strategic innovative practices that can help support changes in your business processes.
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Research shows that back-office connectivity is not addressed by many customer relationship management (CRM) solutions—meaning, customer data cannot be shared effectively and companies are prone to errors, delays, and needless paperwork. In the long run, this negatively impacts overall customer satisfaction in small to medium businesses (SMBS). Learn how front-to-back-office integration can help you address these issues.
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As global economies become more uncertain, companies face increasing pressure to remain competitive. While an enterprise resource planning (ERP) system can help, it’s only as effective as the effort placed in the implementation. By being aware of the reasons implementations fail and knowing what best practices to use to help ensure success, you can save valuable time and money—and have a higher return on investment (ROI).
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Over 100 countries now require or permit International Financial Reporting Standards (IFRS) reporting. Companies preparing to make this challenging switch will need to focus on technical accounting issues, the differences between IFRS and generally accepted accounting principles (GAAP), and more. Learn about the issues surrounding IFRS adoption and the systems you use to manage and report financial information.
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When implementing a new business management system, you need to consider many factors. With advances in Web technologies and growth in broadband across the Internet, alternative deployment methods have emerged. Nowadays, you often must include the question of whether to implement the solution on premise or on demand. Find out more about these options and how your choice can impact the overall success of your solution.
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Food and beverage producers need to effectively address the impact of industry-specific requirements and legal mandates on their businesses. Since 2002, the greatest legal impact is in the critical process of handling product recalls. Explore your options for minimizing and eliminating threats to your business—be “emergency ready” by better managing quality control processes and food traceability data. Find out how.
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Increased global competition and rising costs place continued pressure on all midsize companies to optimize resources, meet tighter delivery schedules, and improve overall responsiveness. When looking at the pressures driving the top performers of midsize companies, however, the story is different. Find out why—and how these drivers affect the enterprise resource planning (ERP) strategies of these best-in-class companies.
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These days, there is increasing pressure on companies to become more efficient and reduce the bottom line. Improving communication with suppliers, partners, and customers can dramatically optimize business processes and increase responsiveness. But how can you easily improve these channels of communication? Web-based enterprise resource planning (ERP) systems that support Web 2.0 collaboration tools can help. Learn more.
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For years, Sage MAS 90 ERP served Metrolina Greenhouses well as its accounting and distribution solution. But continued growth and expansion led it to seek a comprehensive warehouse management solution (WMS), to incorporate materials requirement planning (MRP) procedures and radio frequency identification (RFID) for better planning and control. Metrolina discovered Sage MAS 500 had the MRP software it needed. Learn more.
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Old-world quality is great for a chocolate manufacturer, but old-style business systems are not. Hauser Chocolatier learned this the hard way, struggling for years with DOS-based accounting software. Needing a seamless flow of information from a system that would accommodate Hauser’s unique pricing structure, the company chose Sage MAS 90. Find out how Hauser uses this accounting solution for more than just accounting.
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Your old solution provided the basic bookkeeping capabilities you needed to start your company. But now, you have more customers. More employees. More complexity. What do you do when your small business is no longer so small? Before you make the move to a more powerful accounting solution, you should gather the facts and compare solutions. Get started with 37 tips for finding the accounting solution that fits your needs.
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Small and medium enterprises (SMEs) are facing new challenges and opportunities. By linking people, processes, and workflows from inside and outside your company, business management software can help you drive success. Learn about key drivers in the “extended enterprise vision” strategy and how to integrate newer concepts, such as service-oriented architecture (SOA) and Web 2.0 capabilities, with existing applications.
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Industrial equipment manufacturers and maintenance, repair, and operations (MRO) distributors can’t afford to miss bidding deadlines, delivery dates, product specifications, or service level agreements. They also can’t afford the penalties of non-compliance with regulations. Learn how some businesses are leveraging integrated enterprise infrastructures to maximize profits while minimizing exposure to risks.
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Midsize food and beverage companies are striving to be more things to more markets, while ensuring consistent customer satisfaction and regulatory compliance. This industry is experiencing unprecedented opportunities at a time when reliability, quality, and food safety are growing concerns. Learn how business systems that tightly integrate vertical operations have helped these companies achieve a competitive advantage.
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Plasti Dip International has been a leader in rubberized and specialty coatings since 1972, selling its products to manufacturers, retailers, and distributors worldwide. To compete in a crowded retail marketplace, dominated by large retailers, Plasti Dip required integrated enterprise resource planning (ERP) and electronic data interchange (EDI) functionality. Discover how the company found the right solution.
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Faced with longer sales cycles, declining sales productivity, and increasingly discerning customers, companies are being forced to streamline and automate how sales information is processed, and change the mechanics of deal-making. Learn more about the strategies that best-in-class (BIC) companies are employing to improve sales effectiveness, boost productivity, and ultimately remain competitive.
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Simply automating business transactions, as part of an enterprise resource planning (ERP) implementation, doesn’t provide a measurable return on investment. The real value comes from a meaningful use of the data the ERP system generates. Find out how using business intelligence functionality can help you enhance visibility into ERP system activity and improve reporting needs with business dashboards and portals.
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If you’ve already implemented Sage Saleslogix for your customer relationship management (CRM) process and CRM analytics needs, this guidebook can help you achieve more value. And if you’re considering Saleslogix for your new CRM solution, you’ll learn best practices, including how to integrate and customize; how to move from sales to support, service, and marketing; and how to think strategically about training.
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Decision makers use key performance indicators (KPIs) to assess the present state of business and choose a course of action. But what are KPIs? And more importantly, how do you determine your company’s KPIs? Don’t neglect the customer’s perspective when doing your performance measurement metrics. And ensure data assessment is done in real time. Find out more about how to get the right KPIs for your business operations.
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UreSil, a manufacturer of specialized health care products, feared its legacy manufacturing resource planning (MRP) software was hindering efficiency and compliance. The Sage ERP X3 enterprise resource planning (ERP) came to the rescue, and after a formal ERP training program, full implementation required only one week. All processes, including tracking and inventory, are now streamlined, flexible—and compliant.
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Food-borne illnesses are recognized as a significant public health problem in the US today. As such, food inspection and safety administrators have implemented Hazard Analysis Critical Control Point (HACCP) systems regulations. Without the proper software system, however, complying with HACCP requirements can be difficult. With Sage ERP X3 process manufacturing enterprise resource planning (ERP), it doesn’t have to be.
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Today, more and more companies are purchasing goods from overseas. But once those goods are on the water, many companies find it difficult to keep track of where they are at any given time. Ineffective container management leads to extra costs, but with Sage ERP X3’s import tracking functionality, business functions are tied together in a single database—enabling real-time access to information and improving productivity.
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Golden Artist Colors knew that operating its business with several stand-alone software packages would no longer cut it. To streamline the flow of information throughout its facilities, it felt the time had come to invest in a true enterprise resource planning (ERP) solution. Sage ERP X3 offered Golden the most functionality for the best price, and since implementing it, Golden has increased on-time shipments by 15 percent.
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Compliance with regulatory requirements is a business-critical need you must maintain. But meeting this need is more challenging with the creation of new regulations, such as 21 CFR Part 11, governing the use of software for secure data processing. But compliance is possible: an enterprise resource planning (ERP) system can help with audits, document and digital signatures, validation scripts, and other security needs.
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Aceto Corporation, a global importer and distributor of chemical-related products, was operating on a legacy system that didn’t allow the company to meet new compliance demands. To increase automation and improve real-time performance, Aceto implemented the Sage ERP X3 Process enterprise resource planning solution. Learn more about how Aceto’s needs for compliance and industry-specific functionality were met.
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Web-based collaboration with international partners, suppliers, and customers helps companies make end-to-end processes more efficient and cost-effective. An electronic enterprise resource planning (ERP) solution allows you to set up various types of external connections to your business applications, and reduce complexity. One result: you will be better able to respond to the needs of your customers. Find out more.
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A customer relationship management (CRM) solution can enhance your overall business performance by integrating your front- and back-office activities, now and in the future. There are five key considerations involved in an effective CRM implementation. The first is the quality of your customer and business data. Secondly, it’s important to maximize user adoption. Learn about the other three and how you stand to benefit.
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For customer relationship management (CRM) to work effectively, departments within an organization must communicate and have access to centralized information. But integrating front- and back-office applications shouldn’t involve compromise. Learn how to automate sales and CRM with accounting systems, with key pointers in planning your integration project. And find out how to boost your CRM return on investment (ROI).
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Productive salespeople can make the difference between your company’s success or its ultimate failure. A new approach to sales productivity is emerging, and it focuses on the productive interaction between salespeople and customers. This sales enablement concept helps meet the needs of not only management, but also the frontline users—and it’s the key to winning, retaining, and satisfying your customers.
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Business is about the “survival of the fittest,” and in today’s competitive, global economy, businesses need to focus on market trends, and on how to better meet customer demands. A customer relationship management (CRM) solution helps manage, track, monitor, and analyze these customer trends for improved sales. It’s essential for businesses of all sizes—not only to succeed, but to survive.
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Implementing the proper distribution system can be as important to your bottom line as expanding your warehouse or bringing on new product lines. After all, the right system provides immediate and long-term benefits that can impact your business processes across the board. That’s why it’s important to define business processes and objectives before you start the search for new software.
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A smaller budget, a smaller staff—managing a small company isn’t easy. And managing for growth only multiplies the challenges. Hard work is essential, but for sustainable growth, careful planning, specialized expertise, and technology support are also necessary. That’s why managers of smaller firms aiming at expansion need to remember some essential guidelines before it’s too late to turn back.
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For most companies, changing accounting software is a daunting challenge. Not only is transitioning the accounting function to a new software package tricky in itself, but it is usually catalyzed by one or more business challenges that are (hopefully) solved by the new system. Knowing that, how can you minimize the risks involved in selecting a new accounting application?
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In today’s competitive business environment, wholesale distributors face critical factors that directly affect customer satisfaction and profit margins. These challenges, combined with customer demands for product availability, can conflict with operational goals of increasing inventory turnover and minimizing costs. However, business automation software can deliver sophisticated distribution capabilities designed to help you with these important business issues.
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If you’re not using a service and maintenance application, you may have reached the point where manual systems no longer support the pace of business. Where to start? You should know the five important questions to ask before implementing. The ten essential features to look for. How to prepare for product demonstrations. And the five most common mistakes people make.
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The warehouse management system (WMS) concept has matured into a collection of time-tested technologies that reduce inventory costs and increase overall inventory management efficiencies. By implementing WMS technology, organizations can achieve a higher return on their software dollars and provide better service to their customers. A WMS can provide organizations with tangible benefits that improve warehouse operations without adding headcount.
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Given that virtually all small and midsized businesses can benefit from business intelligence (BI) tools, the real question is how much of this technology constitutes a good investment of time and energy? Your need to determine what BI tools you really require to drill down and extract the key performance data that will make your company more efficient and profitable.
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If you’ve worked for more than one manufacturing company, you know that each one is different. Different processes, systems, problems—all these variations mean you need a system tailored to your needs. And with so many available solutions, you could spend months looking at demos, and still not find it. However, you can start by asking yourself eight simple questions.
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Today more than ever, companies are looking for near-term return on investment (ROI)—and the sooner, the better. That’s why successful solution vendors must now use a much more analytical approach to selling. Customers want assurances that an investment will pay for itself over an acceptable time period—either by increasing the top line, decreasing operating expenses, or both.
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Customer relationship management (CRM) is more than a product—it’s a philosophy. That’s why, when it comes to CRM systems, it’s important to understand all the benefits of an integrated application before beginning the selection process. After all, just as a chain is only as strong as its weakest link, a CRM solution is only as good as its implementation.
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One of the most important aspects of any business management application, including CRM applications, is its underlying architecture. An application’s customizability, adaptability, portability, scalability, and extensibility are all functions of its architecture. A well-designed architecture will thus accommodate growth and adapt to business changes—without affecting the performance of the application or requiring an exhaustive re-implementation.
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When choosing a payroll software vendor, there are numerous considerations that must be taken into account when narrowing down the choices. Obviously, you have to decide on a software that meets your needs within budget. However, it’s just as important to consider the other factors that can make a huge impact on the overall success of your payroll software selection.
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Internet recruiting is a potentially powerful opportunity to augment existing recruitment practices. While the landscape is still dotted with a handful of household names, newer tools and technology will usher in newer entrants. Thus, the organizations willing to experiment and embrace this new technology will eventually win the race to the best talent on the Net.
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Formed by a merger, Saint-Gobain Semiconductor Equipment decided to replace its dual systems with a single application that could handle many users, but be supported by just five people. Sage ERP X3 was chosen for its enterprise-wide capabilities, ability to interface with SAP general ledger software, and ability to accommodate a large concurrent user population on a single client/server system.
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Dropped by its application service provider, Onsrud Cutter, a router bit manufacturer, decided to replace its enterprise resource planning system with a scalable, flexible, quickly installed solution. Further narrowing down its requirements to include customized reports, real time information, and e-business capabilities, the company selected Sage ERP X3. The installation took less than five months.
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In 2002, Ganong, a midsize confectionery, selected Sage ERP X3 to fulfill its requirements for a software application with both batch and discrete capabilities for their mixed-mode manufacturing processes. Since the implementation, Ganong has reduced billing errors, and improved the accuracy and timeliness of production.
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Customer relationship management (CRM) is more than just software or a set of processes--it's a business culture solidly focused on winning and keeping the right customers. A good CRM solution builds value to your business. Learn about the value of an integrated CRM suite.
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