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4 ways Acumatica brings your operations to the future

Modern enterprise resource planning (ERP) software is designed to use a single system of integrated applications to manage the many functions and processes of the business. But how can your unique business benefit from something like this? Modern ERP solutions are used by businesses that are looking for a more integrated, centralized management system. Organizations that have to manage a lot of staff, inventory, or customers could all benefit from an ERP. For this reason, modern ERPs are used by a number of very different industries, including healthcare, construction, nonprofits, and even hospitality.

Acumatica is the fastest-growing provider of cloud-based ERP for small and mid-sized businesses (SMB). When it comes to choosing a contemporary ERP, here are 4 ways that Acumatica can transform and update your operations.

Improved productivity

There are some tasks that you have come to expect will take a significant amount of time. Tasks like generating reports, tracking timesheets, and monitoring payroll are necessary but time-consuming. They also tend to bring down employee morale. Acumatica has apps designed to simplify each of these processes, and in doing so they can save you time. In some cases, these tasks can even be automated. This frees up valuable employee time and increases your organization’s productivity, efficiency, and profitability.

People working efficiently with computers in a group

Another benefit of Acumatica is the ability to go mobile. All of the apps can be used on mobile devices anywhere you have an internet connection and, because the ERP is cloud-based, your data will always be there when you need it. This enables you to stay connected to the office no matter where you are. If employees are working in the field they will still have immediate access to whatever they need. Even if you don’t work in the field, mobility is definitely still a huge benefit. It allows you to check in while traveling, while in line at the bank, or while taking a meeting down the hall from your office.

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Related reading: An introduction to the management suites of Acumatica

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Faster analytics

One of the most frustrating and time-consuming requirements for any manager is the process of compiling regular reports. Waiting for people to turn in their monthly numbers, or attempting to pull data from numerous sources can be frustrating and slow. Acumatica records and stores all your data as it’s entered and lives in the Acumatica ERP suite of apps. This means that when it’s time to pull a report, you can do so in real time without having to go to a lot of different sources. Acumatica reporting also allows you to schedule reports ahead of time, and to customize your reports to the specifications you need.

Acumatica ERP also offers a lot of extras, with great features like the ability to customize reports with your logo, the option to customize reports based on roles, and a host of choices for exporting and sharing reports with others. This allows you to use these features in the way you want and take your reporting to a whole new level.

Simplified inventory management

A major challenge for growing companies of all kinds is tracking and monitoring inventory. Acumatica tracks inventory in real time, improving customer service and profitability. Inventory is easily tracked end-to-end through the system, from purchase to stock to sale. CRM integration enables you to convert sales opportunities into sales orders without having to re-enter pricing and other information. Inventory replenishment recommendations based on historical analysis help to minimize costs and unnecessary inventory. Details like these contribute to the streamlined operations that Acumatica offers as well as to improved customer service.

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Related reading: 5 signs you need an ERP system

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Preview of Acumatica Software
Photo: Acumatica

Streamlined operations

Improved productivity, faster analytics, and simplified inventory management are just a few of the ways that Acumatica will bring your business into the future. What it all really boils down to, though, is the ability to streamline your operations. When you are able to operate in one platform to manage the mission-critical activities for your business, you save time, money and energy – and reduce stress. This makes things easier and more efficient for you and for your employees. And, just like other cloud services, Acumatica is scalable and customizable to your individual business and needs so you don’t have to invest in more than you really need.

How to calculate the ROI of your ERP system

If you have an Enterprise Resource Planning (ERP) system in place or are considering implementing one, you’ve probably wondered if the investment will pay off in the long run. Today’s ERP systems are more advanced than ever when you get into the things they can do now vs. just a few years ago.

At a basic level, an ERP system integrates the various functions of a business into one complete system with the aim of streamlining business process and data across the entire organization. It accomplishes this with a shared database that supports the multiple functions used across your business. This includes inventory and asset management, ordering, accounting, human resources, customer relations, and more. It can be a massive undertaking and can incur quite a bit of investment depending on the type of business. Naturally, you’ll want to know if your return on investment (ROI) is worth it.

Before you conduct an analysis of your ROI, ask yourself if you have given your ERP enough time to provide an accurate picture of its effectiveness. Popular opinion is that you should wait at least three years before conducting such an investigation. Five years would be even better and more accurate.

If you feel that your ERP has been in place long enough to warrant a look, here are some points to consider when examining the ROI on your ERP system.

Cost

Keeping a close eye on your IT budget is an obvious place to start when determining if your ERP system is providing measurable benefits. The most evident savings is going to be in hardware and software. As your ERP is most likely cloud-based, you’re not spending money on acquiring expensive equipment and paying your IT team extra on upkeep and repair. You also aren’t going to be paying for software licenses and upgrades. All of those should be covered by your cloud service.

Another cost point to look at is how your ERP system is contributing to the efficiency of your business and employees. Hopefully, you’re paying for less overtime with an established and consistent ERP in place.

Productivity

With a consistent and central integration of your business data, your employees should be spending less time organizing your business data. While this saves on payroll, it also improves workflow by unifying the process across your entire business, saving you time and aggravation in trying to get all of the data and employees on the same page.

This also results in less of a need for oversight and enhances any compliance processes you may have and lower auditing costs.

Asset control

Initiating a new ERP system can help improve inventory control and planning, eliminate waste, and improve your procurement process. This includes having a solid view of your supply chain from start to finish.

A majority of the benefits of an ERP are going to boil down to cutting down on waste in departments across the board. Whether it’s in the warehouse or in the IT department, an efficient ERP is going to help you identify where spending can be reined in so profit remains high.

Visibility

Customers like seeing a business that operates in a consistent and efficient manner. Considering how a positive customer perception can affect sales is something else to consider when measuring the financial impact of your ERP. By shortening fulfillment times and exhibiting good quality control, your customers will become more committed to doing business with you.

How do the numbers look?

Chances are that you’re going to find the numbers are on your side. While the financial benefits may not be apparent within the first couple of years, continued usage of your ERP system should show increased profits from a combination of savings across numerous departments and in how business is conducted overall and the technology is only improving.

It takes work, some investment and time but it’s a process in which you’re going to want expert guidance. While it sounds like a lot of risk, the larger risk is not keeping up with the technology available to improve and grow your business.

Comparing cloud ERP to on-premise

Effective enterprise resource planning (ERP) is key to maintaining a successful business, with the advantages outweighing the costs when companies choose cloud computing over IT on premise.

By 2021, 28 percent of all IT spending will be used to support cloud-based infrastructure, middleware, application and business process services, according to GartnerConfidence is growing among enterprises that Platform-as-a-Service (PaaS), along with Software-as-a-Service (SaaS), will be able to offer a secure and scalable platform for application development in the future.

Evaluating ERP needs

According to IDC, more than 85 percent of enterprises will soon tap into multi-cloud architectures using a mix of public cloud services, community clouds, private clouds, and hosted clouds. The time is ripe to migrate to this technology. There have been significant advancements in cloud ERP, and the versatility of the technology still enables companies to save money if they plan well for their migration to the cloud.

Taking this into consideration, there are still many factors companies should consider when choosing between cloud ERP and the standard on-premise infrastructure. In addition to the financial and labor costs of migrating to the cloud, the most effective solution depends upon business needs.

Consider your organization’s size and scope, the expectations of your customers, the regulatory environment, the demand of workloads on cloud migration, and how your IT team defines the cloud. To manage cloud infrastructure efficiently, you’ll need to have the correct people and tools in place.

Advantages of cloud infrastructure

The cloud offers companies more agility, giving CIOs the flexibility to form cloud-based solutions that are catered to their company. Cloud ERP provides many benefits to companies who are willing to put in the time and resources to make the switch. It can be especially beneficial to startup companies, small companies or even mid-sized companies, by stimulating business growth while limiting operational expenses.

As the technology matures, companies can offer advanced data security and cybersecurity, while also helping your team save time, reduce risk and work smarter. With access to IT devices and programs that are usually reserved for larger corporations, you can also become more competitive in the marketplace.

With cloud ERP, companies can also enjoy a wide variety of options for IT solutions, choose solutions that scale well and have their choice of service providers. The management provided by an off-site team lends an added level of confidence to IT infrastructure. As an added benefit, companies often experience fewer downtimes.

Reasons to maintain on-premise technology

As you consider whether to migrate to cloud ERP solutions, it may be advantageous to perform risk analysis on behalf of your company. Take into account the collaboration needs of your firm, as well as financial operations, training operations and auditing.

Companies in heavily regulated industries may find that it’s not beneficial to migrate all operations to the cloud. The risks also increase for companies that employ more than 500 workers, as the size and scope of the migration will be more complex.

The cost of the switch varies greatly depending on the nature of a company, what infrastructure is needed, and whether the company moves fully to the cloud or opts for a hybrid option. Choosing a firm that will lead you through the process, and offer a cost-efficient solution is essential. This should consist of meeting and planning stages, steps to architect and design solutions that fit into the master plan, and a smooth plan for management of your IT solutions.

Depending on the timing of a migration, you may decide that it’s best for your company to maintain on-premise solutions. This can also be advantageous if your team is not fully prepared such a migration because of its size and scope.

How modern ERP helps businesses make better decisions

According to a recent report, 44% of supply chain leaders have already implemented an upgraded ERP (Enterprise Resource Planning) system or are currently in the process of implementation. Around half of these organizations report undergoing this process simply to replace an outdated software system. However, the key to success with an ERP is fully understanding the benefits it provides. Modern-day, cloud-based ERP systems – such as the Acumatica platform – are invaluable tools to a business owner and management team, especially in a fast-paced decision-making environment.

As a uniquely specialized managed services provider, AppSolute has explored the top four ways that a modern ERP helps businesses make better decisions:

Simplify business health reports

Successfully owning and operating a business of any size is no easy feat. While most business owners have an idea of their company’s overall health, it can be a long and complicated task to fully analyze performance. With a modern ERP in place, you no longer have to wait for reports and analysis from various departments before receiving a full picture. Instead, all the crucial information you need is presented in a comprehensive manner at your disposal. In turn, this allows you to identify your business’s strong points and overcome any minor weaknesses before they turn into critical problems.

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Related: 8 Business Benefits of Having Managed Services

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As your business grows, the day-to-day activity and the operation as a whole become drastically more complex. With a modern ERP in place, you eliminate common time-consuming mistakes like data re-entry with access to real-time data and information across all departments. In turn, each department is able to collaborate with one another more efficiently and effectively. Modern ERP software allows every aspect of your business, from manufacturing to accounting, to operate in sync within a single system. This allows all senior management from numerous departments to offer valuable feedback while looking at the operation in its entirety.

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Related: 5 Signs You Need an ERP System

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Focus on customer retention and pursuing sales leads

With a modern ERP, many repetitive, manual processes can be drastically reduced or eliminated altogether. In turn, this allows employees to focus on other aspects of their job. For instance, instead of spending hours entering data into a spreadsheet, employees are free to focus on customer retention, sales leads or other revenue increasing tactics. Similarly, this eliminates frequent human errors and makes the information more accurate and accessible to management.

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Related: The Difference Between Accounting Software and ERP Solutions

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Fine-tune targeted marketing campaigns

A compelling advantage of using a modern ERP is the ability to track customers from the beginning of their journey to the end. The data is stored and compiled to more quickly and easily identify your target audience. In turn, you can be more confident in your targeted marketing campaigns utilizing this data. Along with saving an immense level of time, it can also eliminate the guesswork associated with marketing and improve your overall ROI by up to 33%.

Remain competitive in your industry

Above all, one of the greatest benefits of implementing a modern ERP system is to stay ahead of the competition. In today’s technology-driven business climate, it is likely that your competitors are already reaping the rewards of the software. While older, standard methods are still utilized, business owners who invest in innovative solutions save time and money in the long run. This allows them to achieve more accurate results and make better, more informed decisions for their business.

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Related: 6 Best IT Practices for Your Business

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Contact us today to learn more about the benefits of modern ERP systems like Acumatica, and how to get the support you need to maximize them for your business.

ERP is About to Get Friendlier and Smarter

ERP is About to Get Friendlier…and Smarter

erp get friendlier smarterEnterprise resource planning (ERP) systems are known for providing good information to key business units. However, it’s not often known for being user-friendly, especially in comparison to modern cloud-based apps. As ERP moves toward mobile devices, it’s important that the user interface not only accommodate popular smartphone platforms, but also be more user-friendly and smarter.

As suggested in “ERP software gets a makeover,” posted by Bruce Harpham on CIO.com, modern ERP solutions support the operations essential to a business’s success. For example, the accounting team can manage financial operations and the supply chain team can manage inventory and vendor information needed to fulfill customer needs. While most ERP systems have been able to keep up with industry trends, offering features aligned with new business practices, they haven’t kept up with the ease of use that many consumer apps have mastered. As many business leaders have experienced, cumbersome systems can frustrate users and lead to poor user adoption. Without consistent and proper use, businesses then lose out on much of the value that ERP brings to the table.

Improve User Adoption and Optimize ERP with Smarter User Interface
In recent years, ERP vendors have been making efforts to update the user interface. Cloud ERP and mobile ERP are trending, offering a next generation ERP that can be used on mobile devices, like smartphones and wearables. Improving the user interface doesn’t necessarily mean an entire IT system overhaul. On the contrary, Sage Software offers a variety of dashboards, workflows and other integrations that can streamline the ERP system you have in place. Sage is also partnering with other technology enterprises, like Salesforce, and adding specialized capabilities within their ERP products. Less switching between applications and more efficient workflows can improve the productivity of your employees and provide more value from your ERP system.

Businesses can take steps to improve the user interface within an existing ERP system by outlining how certain tasks are completed, in what order, and by using the employees that complete those tasks. Insight from the front line can lead to the most efficient workflows or forms and eliminate wasteful practices. Then, you can work with a vendor to customize the dashboards, features or functions that further optimize your ERP system.

Contact AppSolute Consulting Group for guidance with making your ERP solution friendlier and smarter to improve productivity and get the most out of your investment. By AppSolute Consulting Group, LLC, Microsoft, Acumatica, and Sage Partner based in New York

Meet The AppSolute Experts

Meet the AppSolute TeamThe team at AppSolute Consulting Group, LLC includes some of the most talented and skilled business and IT experts in the industry. Many of our employees have experience in business, accounting, project management, and other areas in addition to software and technology. This experience offers unparalleled insight into the unique needs of our clients. Not only can we guide you to finding the best technology for your company, we can provide the support you need to ensure your systems remain aligned with your business needs.

Take a moment and meet our team:
Founding partners: Bruce Baron, David Hoffman, and Eric Grasman
Bob Nowatzky, Sage X3
Susan Chase, Senior Systems Analyst and Project Manager
Viktor Zelenko, Senior Consultant
Michael Ehrlich, Director of Network Services
Vincent Mantia, Senior Network Engineer

The AppSolute team of experts will partner with your business and guide you toward choosing the modern technology you need to support your growing enterprise. Our approach starts with learning how you do business, we discuss common disruptions or challenges that you currently face, and your goals or mission for the future of your company. With this information, we can then offer several options for onsite or cloud solutions that address both your challenges and can support your goals. Once the technology is chosen, our team can deploy the new system, train your employees, and provide as much follow-up support as you need. We also offer guidance or support with routine maintenance and software updates to keep your new technology working at peak capacity. Our experts also provide help-desk support, custom programming, system security, and other software support services. You are just a phone call or email away from receiving the information and guidance that you need, when you need it.

Contact the consultants at AppSolute when you are ready to upgrade your business solutions, replacing inefficient, outdated systems, with modern enterprise resource planning (ERP) and customer relationship management (CRM) solutions. We will be happy to set up a meeting to discuss how today’s technology can improve productivity, boost profitability, and support continued growth.

By AppSolute Consulting Group, LLC, New York Based Microsoft, Accumatica and Sage Partner

The Difference Between Accounting Software And ERP Solutions

Accounting SoftwareBusinesses rely on accurate financial management and many describe finances as the very lifeblood of the company.  Many decisions are based on current financial figures, which is why reliable accounting software is such a necessity.  However, over time basic accounting software no longer fits the bill, so to speak, and an enterprise resource planning (ERP) solution makes more sense.

Entry-level accounting software, such as QuickBooks, can work successfully for a time.  These solutions offer basic financial management activities such as monitoring income and expenses, populating bank statements, and paying bills.  You may be able to create invoices and print financial reports; however, there isn’t much more you can get out of entry-level accounting software.  A secondary problem often presents itself some time later – basic software can only handle a limited volume of data and a limited number of users.  With growth, your business generates more and more data that can quickly bog down the software, making it difficult to process data and reports.  Additional delays can occur as employees have to wait to enter or retrieve information needed to make important business decisions.  Before basic accounting software begins to stifle growth, make the change to a stronger business management solution.

You can manage all of your business operations with a modern ERP solution including financial transactions, supply chain and inventory, manufacturing and distribution operations, human resources and payroll activities, and other core business processes.  You can enter, access, and analyze data with greater efficiency when it’s located within a single, centralized solution.  In addition, data is seamlessly shared between processes. For example, you can create a proposal or contract for a customer and turn that data into a purchase order, and later, an invoice.  This and other time-saving automations reduces the time spent handling data and improves the productivity of your team.  Powerful ERP solutions also offer business intelligence and reporting features that make it easier to identify trends, uncover ways to control spending or reduce waste, and further improve business processes.
As your business grows, you need more than basic accounting software.  Choose a solution that can provide the insight you need to make data-driven decisions, improve productivity and profitability, and support superior customer service.

Contact AppSolute for more information about making the switch from entry-level accounting software to modern ERP.

By AppSolute Consulting Group, LLC, Microsoft, Accumatica and Sage Partner out of New York

Welcome to the AppSolute Blog

Welcome to the AppSolute BlogGreetings and welcome to AppSolute Consulting Group, LLC and our new blog.  AppSolute is a New York based firm that provides business management software and complementary technology solutions to small and medium-sized businesses in the tri-state area as well as around the world.  This blog site will provide valuable insights, tips and tricks, and additional guidance for companies interested in upgrading business systems or getting the most out of today’s business solutions.

AppSolute is a full-service provider of technology-based software for companies that are interested in improving productivity and profitability by replacing outdated software with modern business solutions.  We are a certified Microsoft, Sage and Acumatica partner, each of which offer powerful enterprise resource planning (ERP) and customer relationship management (CRM) solutions.

Our team of experts include project managers, programmers, system analysts, network engineers, and certified public accountants.  With a depth of knowledge in both business technology and the unique pain points experienced in many industries, our team can deliver knowledgeable, relevant support when providing a needs analysis, implementation planning, custom programming, help desk support, and other IT services.

Our goal is to provide businesses with the technology that they need to be successful and the support services that keeps these solutions running at peak capacity.  To support these services, we have added a blog page to our website.  Our blog posts will include helpful information about Microsoft, Acumatica, and Sage business solutions, relevant industry insights, and other IT information that you can use to strengthen your company and business processes.

Modern business technology has come a long way in recent years.  Today’s ERP and CRM solutions are no longer out of reach for the small and mid-sized businesses that compete with larger corporations.  Microsoft, Acumatica, and Sage solutions are affordable, intuitive, and can provide the control and insight you need to grow your business.   Contact the experts at AppSolute for additional information about the business solutions that can support your corporate goals and drive growth.

By AppSolute Consulting Group, LLC, Microsoft, Acumatica, and Sage Partner out of New York