Payroll Software: 5 Steps To Happy Employees & Productive Business

Posted by Rita Strauss

Apr 22, 2014 6:00:00 AM

Running a business is no easy feat. You're constantly juggling the needs of your company with the needs of your employees; properly striking a balance is the only way to help your business thrive. When you're trying to do the best for your business and your employees, the last thing you want to worry about is navigating the complicated maze of payroll, including liability, taxation and overtime laws. Seek solace by automating critical systems with an all-inclusive solution: payroll software. Follow these five steps to set up a comprehensive payroll software system that takes the worry of paychecks off your plate and lets you focus on more important tasks, like running your business.

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ERP Software With Dynamics: All-In-One Versus Piecemeal Approaches

Posted by Michael MacDonald

Apr 21, 2014 6:00:00 AM

ERP is a complex and multifaceted process, so it makes sense that small and medium-sized businesses (SMBs) use multiple approaches for putting the puzzle pieces together.
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5 Questions To Ask Before Making Cloud ERP Customizations

Posted by Matt Woodward

Apr 17, 2014 6:00:00 AM

In the early 1900s, Henry Ford sponsored a way to mass-produce cars using an assembly line. For the first time in the history of the world, regular people could afford their own set of wheels.
Likewise, small- and medium-sized businesses (SMBs) must take advantage of cost-saving techniques available today. If something can be made or delivered without costly customizations, it’s going to be cheaper to buy.

The same idea applies to cloud ERP systems. If SMBs are able to successfully use these tools without paying a vendor to customize the offering — or, completely rebuild the system — they’re going to save lots of money. Embracing an out-of-the-box solution is absolutely ideal from a cost standpoint.

This is why SMBs must find a vendor offering an affordable cloud ERP system that has built-in workflows, integrates with your current systems, performs all of the necessary functions and moves the business forward. Here are five questions to ask before going forward with any ERP customizations.

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Topics: cloud ERP

5 Cloud ERP Training Tips To Consider

Posted by Matt Woodward

Apr 16, 2014 6:30:00 AM

There are many facets of cost to consider when you invest in software, and cloud ERP solution offerings are no exception. Training is one of those facets that are just important as the obvious line items, such as licensing, services and support.
Remember, at first ERP systems are often a bit complicated for new users to understand and operate. While they’re generally designed to be simple to use, it’s important to make sure the systems are running smoothly and that users know how to handle all the capabilities and functions of the software.
Training especially helps small- and medium-sized businesses (SMBs) move forward with their business goals. It also improves the return on investment (ROI) of the cloud ERP system because the company reaches the full benefits of the programming. User adoption enjoys a boost from adequate training since users recognize the value of the system sooner. They’ll understand the ERP system is an essential tool to perform their job functions rather than viewing it as a burden or an obligation they’re forced to figure out.

Even if the tool works perfectly as it should, if your users aren't adopting it, then you’re not getting the most out of your software. With that in mind, here are five keys related to training that you’ll want to consider when shopping for a cloud ERP vendor. 

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4 Ways Cloud ERP Reduces Complexity For SMBs

Posted by Matt Woodward

Apr 15, 2014 7:00:00 AM

Life for small- and medium-sized businesses (SMBs) is increasingly complex. It’s not easy to manage debt, growth and personnel in the breakneck speed of the digital age while still balancing the financial swings of a touchy economy.

One great way for SMBs to reduce this complexity, but still control costs, is to use a cloud ERP system. While there are several low-level ways that explain how cloud ERP reduces complexity — mobile access, document management, quality reporting, security and connectivity, to name a handful — here are the top four high-level ways it streamlines your business.

  1. Predictable and affordable investment models make for easier accounting and budgeting: From an accounting perspective, subscription models are preferred because they’re consistent from month to month. Especially for SMBs, it's very important to be able to budget for these kinds of expenditures. SMBs tend to become anxious when looking at software solutions more advanced than entry-level platforms such as QuickBooks or Peachtree.

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Topics: cloud ERP

4 Tips To Find The Cloud ERP Solution With The Lowest Total Cost Of Ownership (TCO)

Posted by Matt Woodward

Apr 14, 2014 6:50:00 AM

It’s important for small- and medium-sized businesses (SMBs) to scope out and capture all related costs associated with their cloud ERP system. Without combing through the fine print, it’s easy for costs to quickly spiral out of control.

With most cloud ERP options today, the subscription typically includes licensing, support and upgrades. Of course, not every vendor is the same — far from it, in fact. Details of the six primary line items — licensing, training, upgrades, support, ongoing maintenance and “services,” which should include initial setup, data migration and implementation — vary dramatically from provider to provider. 

With so many factors to consider, finding the best and most cost-effective vendor for your company’s needs is going to require a bit of work.

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Topics: cloud ERP

5 Reasons Financial Accounting Software Is a Must-Have For Reporting

Posted by David Greer

Apr 10, 2014 7:03:00 AM

With several departments generating their own numbers using their own complex Excel formulas, it’s no wonder that small- and medium-sized businesses (SMBs) often struggle with finding a single clear version of the truth.

Who has the right numbers? Nobody knows!

The ability to communicate accurate financial data to lenders and stakeholders is critical. But how do you know which version of the truth to rely on? Excel and require manual actions, which can create issues and can be error-prone. They also can’t capture the discussions between managers about the results of reports. Nor do they contain automatic alarms that trigger management actions based on a threshold.

In order to achieve a single version of truth and process high-quality reporting actions, SMBs absolutely must use financial accounting software. It’s only with powerful tools like this that an entire company has full confidence in the numbers.

Here are five additional reasons why financial accounting software is the best way to generate financial reports for your company. 

  1. The reports are more sophisticated: When it comes to tracking and monitoring the financial aspects of your business, it’s possible to combine several spreadsheets with complex formulas and produce information. But this can be difficult and error-prone. With financial accounting software, SMBs run reports about every aspect of the business, including the future. As a rule, the most important report for most SMBs is a reliable cash flow statement. Without this, it’s difficult for SMBs to know if and when they’ll run out of money. In addition to cash flow reports, here are the most common reports that SMBs need:

    - Profit and loss: This report contains current month actuals, last month, last month prior year,   budget, year-to-date and other common numbers.
    - Key performance indicator scorecard: This report displays your top metrics, including sales numbers, inventory or whatever figures are critical to your business.
    - Balance sheet
    - Top 50 sales transactions for the month
    - Payables report showing the largest payments made that month
    - Receivables report showing outstanding bills
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4 Ways To Use Cloud ERP Technology For Speedy Onboarding

Posted by Matt Woodward

Apr 9, 2014 8:32:00 AM

The process of bringing on a new employee isn’t easy – this is especially true for small- and medium-sized businesses (SMBs) with limited time and resources to get new workers up to speed.

People are busy, and finding ways to speed up onboarding is crucial. This is why using cloud ERP technology is critical. It not only expedites the onboarding process, but a cloud ERP system is built to provide users with all the tools they need to effectively perform their jobs.
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Topics: cloud ERP

Accounting Made Easy: 3 Time-Saving Tips Using Cloud ERP Software

Posted by David Greer

Apr 8, 2014 8:45:00 AM

Small- and medium-sized businesses (SMBs) must establish sound accounting processes, and they need do this as quickly and efficiently as possible. After all, time is money.

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Topics: cloud ERP

7 Ways To Streamline Business Accounting With Cloud-Based Financial Software

Posted by David Greer

Apr 7, 2014 7:43:00 AM

On a day-to-day basis, small- and medium-sized businesses (SMBs) struggle with so many things. They don’t have nearly as much manpower as necessary, cash flow is almost always fluctuating, the competition is stiff and forecasting anything seems impossible.

While there are an infinite number of ways to alleviate these pains, streamlining accounting is one of the best. Armed with the right tools, SMBs save time and money, gain actionable insights into the company and move the business forward. The best tool to streamline your accounting is cloud-based financial accounting software.
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Topics: financial accounting

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