ERP systems offer increased visibility into several key performance indicators (KPIs) that are critical to achieving business objectives. By using ERP software applications, businesses can efficiently manage product planning, order fulfilment, procurement, supplier interactions, inventory tracking, customer service, and order tracking.
As businesses grow and transition from using small accounting software to ERPs, one drawback is the lack of automation when it comes to inputting bank and transaction data. Surprisingly, some ERPs simply don’t have this functionality.
Labour-intensive, time-consuming, error-ridden – these are all words often associated with manual bank reconciliation. For many businesses and individuals, bank reconciliation is a necessary evil that takes up a significant amount of time and effort. But it doesn’t have to be that way.
Implementing an ERP system is a massive and intricate IT undertaking that can affect nearly every aspect of your organisation. During the implementation process, business practices may be altered while new technology is integrated, and this can affect the daily tasks of many employees within the company.
Whilst NetSuite is not exactly known for its ground-breaking marketing features or functionalities, businesses that utilise the platform should certainly make the most out of its marketing capabilities. By integrating NetSuite to support your marketing campaigns, you can streamline processes, improve efficiency, and drive greater results. Here’s how.
NetSuite is bringing new and exciting features in its latest release, 2023.1. Set to be released on March 16th, the update will enhance the platform’s capabilities to better the needs of all its users. New features will help improve inventory management, financial management, customer relationship management, and lots more.
ERP implementations can be complex and challenging, requiring businesses to overcome issues such as cost and complexity, integrations, change management, data migration, and customisation. Here, we explore the biggest challenges that come with ERP implementation and how to overcome them.
As your business grows, so to does the need for comprehensive and accurate accounting. Here are 4 signs you've outgrown your accounting software, and are due an upgrade.
Businesses that integrate their ERP systems with inventory management have a competitive advantage due to the many benefits it poses, which we will be exploring in this article.
