6 Manufacturing Problems ERP Solves Manufacturers face various challenges every single day. The challenges may vary from one manufacturer to another. However, there are common problems facing all the manufacturers alike. Some of these issues can be addressed using personalized company policies or well-designed SOPs (Standard Operating Procedures) while others can be addressed by implementing […]
To run an efficient service industry business it takes more than just a bunch of spreadsheet files or a generic business solution to keep up with service tickets. Whether your team struggles with getting service requests assigned and properly scheduled or there’s a communication problem between employees or with management, Acumatica Field Service Edition has the solution. The Field Services Edition is ideal for professional services and maintenance, repair and overhaul (MRO) services. The suite makes it easy to receive, assign, and track the progress of all service jobs in real-time.
In this article, we will be highlighting some of the cloud security features in Acumatica, a cloud-based ERP solution with no user license cost and a knack for manufacturing. But, before we even begin talking about a particular Cloud software’s security, let’s address the concerns that management usually holds for cloud security as a whole:
Leading companies are realizing that they need to change as we change the way we store and share information and recognize the value of Cloud ERP software to keep their business relevant and competitive. In this article we will be reviewing Acumatica, the fastest growing complete cloud ERP system. Acumatica is an all-in-one business management solution […]
Acumatica has been integrated with Microsoft Power BI as a content pack to help their consumers with business intelligence (BI) and data visualization. The collaboration between the software provides even more ways to access and integrate data. Not only that, but it also enhances your Acumatica experience by providing you with more detailed interactive reports and dashboard analytics.
Dynamics NAV 2016 has evolved past the older versions of Microsoft NAV or Navision products especially in the arenas of data reporting and cloud computing. While NAV 2016 has all the financial data in the system typically SMB (Small to Medium Business) decision makers, business owners and so on, want to take information out of the system for in-depth reporting and analysis.
Reports in NAV 2016 can be completed using two methods:
- Reports by Chart of Accounts
- Reports by Dimension
Quick to implement and easy to use, Dynamics NAV is by far one of the best ERP solutions small and midsize businesses can opt for to gain greater control over financials and streamline sales, marketing, supply chain, manufacturing, and wholesale distribution operations. And, this solution is used by 110,000 customers worldwide!
If you’re using an earlier version of NAV (formerly Navision) we recommend considering an upgrade to DynamicsNAV2015 in order to remain on a supported software version and benefit from enhanced capabilities that can help you increase productivity, improve performance, and reduce costs. Keep reading to find out more about the enhancements included in NAV 2015 and identify the features you’re currently missing. Read more
Today’s customers are more sophisticated and require personalized attention to spend more. With increased competition from online stores and offline competitors, retailers need to find ways to improve their revenues and keep their costs down through agile methods that improve value delivery. One of the ways retailers can do this is by using cloud ERP.
Cloud ERP software solutions like Acumatica can help retail stores have a centralized view of their business and get real-time information on inventory, status of orders, and customer history. Cloud ERP enables retailers with multi-location channels to have a better view of their operations since the application can be accessed from any location.
Benefits of Using Cloud ERP
Some of the benefits of cloud ERP software solutions include:
i) Control Operating Costs
Stores can streamline their entire business processes including ordering, inventory, invoicing and accounting. Since the solutions are available on the cloud, warehouses, franchises, and offices can be easily linked without the need to have additional communications infrastructure.
ii) Optimize Inventory, Ordering , and Sales
With cloud ERP, retailers can automate all their business processes in multiple locations. Automation allows for accurate decision making regarding, price, promotions, inventory, overheads and revenues.
iii) Integrate Point of Sale (POS) and Ecommerce Orders
Solutions like Acumatica have robust APIs that enable them to be integrated with third party apps and hardware that a retail store may be using. Cloud ERP can be integrated with touch screens, scanners, credit card readers and POS systems.
Improving Revenues through Customer Optimization
Beyond optimizing operations, cloud ERP has much potential for improving revenues through customer offer optimization. Retailers can improve their revenues when they understand more about their customers and hence provide more relevant recommendations at the right time.
Cloud ERP software systems can help retail stores capture customer data and shopping history, allowing them to see purchase patterns and spending. From this information, retailers can position their offerings based on the customer’s purchase history. This relevant positioning helps in delivering a consistent message and leads to more sales.
Improve Cross-Selling Revenues
With in-depth customer shopping behavior data available in the cloud ERP, stores can provide on-time recommendations and increase cross-selling opportunities. For example, a customer purchasing a particular machine may also be interested in buying its accessories. When these accessories are recommended to them at the right time (when making a purchase), the customer is likely to buy them.
Better Inventory Flow Control
Retailers can use ERP to see the flow of inventory over different seasons. This information can help the purchasing department determine which inventories should be procured based on the frequency of their replenishment.
Apart from this, the store can know which inventory needs to be scaled down or augmented in sales and promotions activities based on how they are selling.
Accurate Store Pricing
One factor that reduces loyalty among retail customers is a disconnect between prices of goods on offer and price at the point of sale. For example, if a store advertises a particular item is on sale but when the customer goes to pay for it the item is found to be no longer on sale, this can create friction towards buying.
To reduce such friction, retail stores can use ERP to control promotional pricing for their products. Cloud ERP software solutions can be integrated with other applications like CRMs to ensure accurate data is relayed at all times. Integration reduces price mismatch between ERP and CRM applications, leading to better customer experience at the store.
Manage Complex Information
Cloud ERP helps in managing complex information retailers handling different products usually have. Retail stores may add hundreds of products every year. This increases the complexity of managing inventory and supply chain. Cloud ERP can help stores modernize their businesses keep their inventory up to date and hence gain a competitive advantage on order fulfillment.
ERP applications like Acumatica have become important tools for today’s retailers looking to improve operations and keep costs at a minimum. The cloud applications enable retailers to have a clear view of their operations and identify areas where processes can be optimized to improve efficiency and revenues.