Business Automation and Software Blog

After spending a lot of time troubleshooting, I finally cracked the code on a particularly stubborn Sage 300 ERP bank reconciliation problem. This issue goes beyond a simple bug and can completely block your month-end closing process. Here's what happened and how to fix it.

Better management of your accounts receivable can lead to improved liquidity, operational efficiencies, and lower costs throughout your business. Software such as Sage 300 ERP can help you keep a close eye on your receivables and act promptly to close open invoices.

With improved accounts receivable management, you can improve your working capital to support growth. Poor management of your receivables can lead to a cash flow crisis that makes it difficult to pay bills, enact new strategies, and keep your credit lines open.

Managing talent is a critical piece of any business strategy. If 80% of a company’s valuation is based on intangible employee assets, as one study suggests, then people are a company’s only true sustainable, competitive advantage. In addition, as the economy improves, the competition for the most skilled workers will increase. Thus, it is important to treat your workforce as a valuable investment that needs to be protected and strengthened.

Absenteeism has a significant effect on company finances and costs US companies billions of dollars a year. On average, unscheduled absences cost 9.2% of total payroll. As this percentage is expected to rise with the aging population, it is important to find new ways to combat absenteeism. Companies can monitor, reduce and react to absenteeism through intelligent investments in wellness programs and technology.

Employee turnover costs are higher than most organizations recognize. When you factor in added expenses and lost productivity, studies show the cost to replace employees range from 20% to a staggering 400% of their salary. In order to improve your Return on Employee Investment^® (ROEI^®), you must increase employee retention and reduce turnover costs. A comprehensive system like Sage 300 Human Resource Management System will enable you to increase employee retention, decrease turnover costs and thereby improve ROEI^®.

Your workforce is a valuable asset that requires investment to achieve its greatest potential. Rather than looking at the workforce as an opportunity for cost savings, you should consider how to increase your Return on Employee Investment^® or ROEI^®. Part of that investment should include technology that helps drive success and profitability.

The manufacturing landscape is rapidly changing. You need to change your mindset—and your IT infrastructure—if you want to keep up. Are quickly changing market conditions complicating your business?

Do you have the latest Sage 300 ERP updates? It’s important to stay current on updates and system changes. Sage has released important dates for updates to your Sage 300 software. Here are some dates to keep in mind for the start of 2015:

It can be easy to assume that your current Sage 300 version is sufficiently getting the job done. While this may be true, upgrading to the newest version (2014) can help you collaborate better and get more done by connecting your business, providing a better customer experience, and increasing revenue in a mobile and global world.

As announced at the Sage Summit conference, Sage Enterprise Intelligence (SEI) is coming for Sage 300 next month. Designed for mid-sized manufacturing and distribution companies, Sage Enterprise Intelligence can help transform Sage 300 transactional business data into meaningful information and distribute it to the business users that need insight to direct their actions.  Simply put, Sage Enterprise Intelligence provides all business users with better insight into information and a simple tool that they can use to facilitate timely, fact-based decision making. The result is a significant reduction in the time and cost traditionally spent accessing and analyzing information. Contact us to learn more about this exciting solution.