Audit Trails The chances of fraudulent events taking place in organizations are growing increasingly. This is because many employees are exploiting inherent paucities within common software programs that let them to misappropriate funds, numbers, etc. For example, in certain simple accounting software programs, users can easily edit the numbers, change entries and apply checks to…
ERP Software: You may still be using QuickBooks or one of the other accounting software programs, meant for small businesses. It may even be working just fine for you and your businesses. It is tempting to assume that a company in such a situation does not require an ERP because it is not large enough….
Fixed Assets: When you are a small business, it is easy to keep a track of all your fixed assets. Your assets may include your furniture, computer peripherals, tools, equipment and other immovable assets which are part and parcel of your company. Costs of maintaining, repair, replacement and purchase of new fixed assets are usually…
Supply Chain Management: A number of companies have not moved away from the previous practice of using spreadsheets to manage supply chain activities. What results from this practice is a sluggish, tiresome and error-ridden process that opens up to many risks along the way. As spreadsheets rely on manual entry of data, there is always…
Inventory One of the most important words in the field of goods and materials is that of “inventory” or “stock”. A number of organizations find it difficult to maintain, regulate and use it for the purpose of resale or repair. What an inventory actually does is, it specifies the shape and percentage of goods that…
ERP Training ERP systems are being increasingly installed by companies to increase the profit and efficiency of their business. ERP is enabled to streamline different facets of the company like inventory management, product planning, quality testing, accounting, marketing & sales, service delivery, etc.
Outdated ERP System: ERP systems have changed the way businesses look at complex processes. They have simplified processes with their continuous effort to remove hurdles and move businesses towards a more sterile environment. Today, business owners of both large and small organizations are adopting ERP systems as a best practice in the industry. There is…
ERP: Every organization big or small vies to achieve success. Rising customer expectations and fierce competition require a lot of resilience to sustain oneself in business. ERP became a very common software nowadays. Businesses must know how to manage growth; rising complexities accompanied with growth and prepared to serve their customers more effectively. They need…