Business Automation and Software Blog

Sustainable Manufacturing: The Key to Profiting in the Circular Economy

Posted by Robert Baran on Wed, Jul 21, 2021 @ 11:00 AM

Manufacturers are in the business of producing goods that consumers want to buy. The best possible scenario for this type of business is when the products can be made at a reasonable price so the company can show a profit when they are sold to a wholesaler or a distributor. Green products are a definite consumer favorite, with many buyers weighing a product’s environmental impact before making a purchase. Sustainable manufacturing is an important factor in the circular economy since consumers have shown a distinct preference for these products.

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Topics: sustainable manufacturing

4 Ways Accounting Software Helps Boost Cash Flow in a Manufacturing Business

Posted by Robert Baran on Wed, Jul 07, 2021 @ 11:00 AM

Manufacturers are no different from any other type of business. They need to manage their cash flow properly if they are going to keep the company afloat. The global pandemic has only added to the stresses that owners and managers have faced recently. They are competing against other manufacturers at home and worldwide and the cost of raw materials is continuing to increase, making it more challenging to keep costs under control. Customers continue to expect high-quality products at a reasonable price. Manufacturing accounting must be a priority if the goal is to control costs and boost cash flow.

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Topics: accounting software, manufacturing accounting

6 Ways an ERP System Can Improve Your Manufacturing Business

Posted by Robert Baran on Wed, Jun 16, 2021 @ 11:00 AM

If you are the owner or a manager of a manufacturing business, you know that keeping your workflow processes running smoothly is a key component in meeting your obligations to your customers and keeping productivity at an acceptable level. Without a steady stream of orders, it will be challenging, if not impossible, to keep the business operating successfully for very long. An enterprise resource planning (ERP) system can provide several benefits that can help a manufacturing business run more efficiently, keep costs in check, and even boost profits.

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Topics: ERP System

ERP Software is a Crucial Tool for Today’s Businesses

Posted by Robert Baran on Wed, Jun 02, 2021 @ 11:00 AM

Karl Schroeder, the futurist and science fiction writer, said, “Foresight is not about predicting the future, it's about minimizing surprise.” Business owners know they can’t just fly by the seat of their pants when making decisions; they need good information to evaluate their options and make the best choice based on the facts at hand. The best ERP software options are all about connecting processes so executives and managers get a complete view of the business under one system.

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Topics: best ERP software

Why Distribution Management Software Is Needed Now

Posted by Robert Baran on Wed, May 19, 2021 @ 11:00 AM

According to a Statista report from 2018, as many as 21 percent of supply chain professionals say their biggest organization challenge is visibility. Emerging markets are complex, boasting millions of outlets, thousands of distributors, and billions of potential transactions. This leaves manufacturers managing a vast network of small and big distributors while also managing the sometimes-conflicting needs of channel partners.

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Topics: distribution management software

Manufacturing System Trends That Take Your Business Into the Future

Posted by Robert Baran on Wed, May 05, 2021 @ 11:00 AM

According to a global survey conducted by SYSPRO to understand how manufacturers and distributors handled the operational shifts brought on by COVID-19, more than half were impacted by supply chain disruptions. In addition, 47 percent of businesses were unable to function due to reliance on their on-premises operational staff. And nearly a third felt that their business systems did not provide them with the availability and accessibility to manage the changes the pandemic introduced.

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Topics: manufacturing systems

Avoid a Costly Data Breach With Added ERP Security

Posted by Robert Baran on Wed, Apr 21, 2021 @ 11:00 AM

Did you know that the average cost of a data breach in 2020 was $3.86 million USD? While that’s a 1.5 percent decrease over 2019, it’s still a hefty price tag. Lest you think that smaller businesses aren’t as much at risk, think about all the data that is in your ERP system. If the wrong person were to gain access through hacking or ransomware it could spell disaster for your business. Attackers could steal financials, manufacturing secrets, and other sensitive information. Cybercrime can even go so far as halting critical infrastructure, effectively crippling your business.

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Topics: ERP security

Improve Customer Service With CRM for Manufacturing

Posted by Robert Baran on Wed, Apr 07, 2021 @ 11:00 AM

The popularity and availability of online purchasing continues to rise. With so much competition, businesses may also rise—or fall—based on their customer service. Customer service is crucial to survival, and manufacturers can provide an excellent customer experience by ensuring customers get accurate information about their orders in a timely fashion.

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Topics: CRM for manufacturing

B2B Ecommerce: 5 Ways to Get Started and Compete Online

Posted by Robert Baran on Wed, Mar 10, 2021 @ 11:00 AM

It seems as though, in the last year, there has hardly been one company that has not tried to figure out a way to go digital and run business over the internet. Ecommerce is a familiar model for most business-to-consumer (B2C) organizations. In 2020, it became rapidly familiar to many business-to-business (B2B) enterprises as well, and many entered the ecommerce space for the very first time.

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Topics: B2B ecommerce

4 Tips to Build Successful Recurring Revenue Management

Posted by Robert Baran on Wed, Mar 03, 2021 @ 11:00 AM

There are multiple plusses to having a recurring revenue model, such as having predictable revenue that remains largely stable into the future. Businesses with recurring revenue models experience less risk and more revenue predictability, while customers enjoy regular delivery for things such as standing pet food orders or box subscriptions.

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Topics: accounting software programs, recurring revenue management