ERP solutions are vital to SMEs. Is your business taking advantage of an ERP solution?
Business owners and decision makers often have a myriad of reasons why they don’t feel the need to move to an ERP software solution. However, very rarely are these reasons justified. In some cases they are but in mostly due to misinformed beliefs. Let’s examine some common justifications for refusing to move to ERP and why they don’t make perfect business sense:
1. It costs too much
This really is a myth. Recent figures suggest ERP software solution ownership is something over 75% of businesses can afford.
2. My company is too small
Well, for starters this is no way to think about your business but putting that aside did you know 60% of businesses with a turnover under $50million use ERP software?
3. We don’t need it
Maybe you dont NEED it but it can significantly improve your business. 60% of the top organizations reported an increase in profits directly attributed to ERP implementation.
4. ERP is difficult to implement
Again, this is a myth. ERP implementation is no harder than many other systems we implement in business. It doesn’t suck all the power out of your IT teams, and it isn’t as complicated as some would have you believe.
Hopefully this post will help sway the minds of those who are sitting on the fence regarding ERP and maybe even change the minds of those who previously opposed utilising ERP software in their businesses.
Looking for the perfect ERP software solution for your business? Follow these guidlines and you’ll be sure to find what you are looking for:
1. Establish the case for your ROI
2. Put support for executives in place before the migration occurs
3. Pick the best of the best for your project team
4. Use a clear, concise approach to the project implementation
5. Don’t forget change management
6. Set clear, definable targets
7. Ensure processes are in place to improve the system once it’s implemented
Looking for some insight about accounting software best suited for your Australian business? For a successful business, it is essential to have a good setup and an efficient working system. Sage Evolution is a perfect accounting software Australia option. This fine Australia accounting software has customers around the globe and is currently being deployed by many types of Australian businesses.
Business management is a combination of finance management and inventory control. In every establishment, dependable inventory and accounting software plays an important role in smooth functioning of the business. Sage Evolution is designed to take care of the inventory, so that there is no excess stock held and no money blocked in the process. Its various modules are well coordinated and use a common platform of Microsoft SQL server to store all the records for easy access.
It can be used as an accounting small business software solution but you can scale it up for medium-sized businesses as well, to help keep track of the purchases and sales, receipts and payments, funds in bank and asset management. Besides this, it also takes care of payroll and HR. The bank statement is imported to populate the cash book and you are updated with financial situation of the company. This helps in strategically planning your purchases and control expenditure.
Sage Evolution offers easy business CRM solutions or contact management solutions. Apart from all the financial solutions, the software establishes relationship between owners, customers, employees and suppliers. Thus all the events taking place between any of these entities are recorded for further reference and the software helps in correlating this with finance build up.
Thus, Sage Evolution is all about accounting software with reliable and comprehensive package for all businesses, a software solution acclaimed worldwide.
A recent survey has shown that 45% of Australians aren’t paying tax! That’s quite an astonishing figure. The numbers are based on the 2011 ABS census data. Let’s break the data down by age group:
- 86.9% of people aged 65+ DON’T pay tax
- 56% of people aged 60-64 DON’T pay tax
- 38.9% of people aged 55-59 DON’T pay tax
- 31.1% of people aged 50-54 DON’T pay tax
- 27.7% of people aged 45-49 DON’T pay tax
- 32.3% of people aged 40-44 DON’T pay tax
- 29.7% of people aged 35-39 DON’T pay tax
- 31% of people aged 30-34 DON’T pay tax
- 27.8% of people aged 25-29 DON’T pay tax
- 46.9% of people aged 18-24 DON’T pay tax
That means 55% of the population are paying tax and a whopping 45% are avoiding them!!! Perhaps the government should give out free accounting software to everyone help boost the numbers!
Does your business need ERP software? Are you getting the most from your ERP software? Do you know what ERP software is and could you benefit from one?
ERP (Enterprise Resource Planning) is business management software, generally a suite of tools that help a company plan its resources. These tools allow you to manage data from all aspects of your business from planning, to marketing, sales, inventory, accounting and shipping.
Many medium sized business will be well aware that there are flaws in their systems and room for improvement across the board. If this sounds like your business then you may be interested to know that the best performing medium sized businesses all run ERP software.
So what are some of the benefits?
- Can help your business save money (i.e. Fewer operational costs, and fewer admin costs)
- Helps provide better support.
- Enables marketing/sales teams to get full picture.
Overall ERP software can help your business become much more productive, providing a real-time insight into your business and allowing you to make decisions and changes sooner rather than later.