In-Store Inventory Management System: The Winning Option!

What manager has not dreamed of a sophisticated system for a better management of in-store inventories?

The challenges of in-store inventory management

Most often, it is the visibility of inventories which is the problem. Without automated in-store inventory management, it is impossible to know exactly what’s in stock.

This inaccuracy results in either a lack or excess of current or even obsolete inventory. Many may believe that having an excess of inventory is more desirable than having a lack of one, however this is false. In the first case, stock is not being used and in the second case, the quality of customer service is affected. In both of these cases, profitability and working capital are negatively impacted.

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How To Choose A Management Accounting System For Your Business?

 

i2_enDue to technology’s constant evolution, keeping up with the times poses a real challenge to many businesses. This is especially true when trying to stay efficient and accurate in Management Accounting.

In a survey conducted in 2011, nearly one third of accountants surveyed showed concern towards their business’ ability to incorporate technological change.

For the small and medium-sized enterprises, limited resources is a big reason why acquiring the latest accounting systems is put on hold.

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Business and IT Solutions: Making the Right Choice

Business and IT Solutions

 

Today, SMEs face significant challenges in relation to IT Solutions. The accelerating pace of innovation brings about many short-lived IT products and expensive offers, which can create unbearable pressure on the IT budgets of small and medium enterprises. Therefore, the right management software is ideal for businesses looking to be more competitive in the global market, where competition is fierce especially nowadays where prices of goods and services are low due to the low labor costs. Many business owners are looking for an affordable, user-friendly solution that is continuously updated and where their time could be spent focusing on their business needs rather than on any IT hassles and worries.

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Business Intelligence: Reports Made Right!

The growing mass of data generated by businesses is a real challenge. The lack of effective tools to identify trends hidden in the large amounts of information1 often prevents companies from identifying strategic information critical to their competitiveness. Fortunately, technology now makes it possible to meet this gap using Business Intelligence tools that are capable […]

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Free inventory management software: what’s the best option?

free inventory management software1

As in anything else, when you talk of “free inventory management software “, the free-of-charge option sounds extremely appealing!

Accessibility of the free inventory management software (downloadable from the Web), a wide variety of products, their zero cost and user-friendliness may be enticing to an executive to choose the free option over a system that requires payments.

However, before taking action and downloading a free inventory management software , any manager should weigh the pros and cons of this option, which in reality, has more drawbacks than actual benefits.

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Budget Management Software for SMEs

“What budget management software should I use?”

A question most likely on the minds of most small and medium-sized business Finance managers, in relation to its budget.

Troubling facts regarding budget management software

Small and medium-sized businesses rely heavily on a budget management software. In fact, management systems related to financial control and budget are those that Canadian SMEs use the most.1
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Business Data In The Cloud

Cloud4

Not long ago, companies managed their computer system internally. However, thanks to recent technological advances, they can now host remotely.

 

From IT equipment to Cloud Computing

Whether it be a fad or simply a concern on profitability, cloud computing is in fact gaining ground.
Sixty-five percent of companies in the United States migrated to “the cloud” in 2011.
In 2008, the Gartner Group described cloud computing as a change as radical as e-commerce.
The idea has thus been out there for quite some time now.

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Management software for small company: leave fully equipped!

Management software

The small business generally lacks efficient management software.

One of the reasons for this is due to the high cost of solutions out on the IT market. Company leaders not only have to think of the software’s purchasing cost but also of its high fees associated with its installation, training and technical support.

Even if a company has the financial means to acquire one of these systems, they may be facing other problems. Their software solution may not have all the desired features that the company needs and wants, which make it inefficient and laborious. This in turn wastes staff time and efforts, where it eventually leads to more money wasted.

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Management accounting (association): how to reconcile budget and needs?

When it comes to management accounting, the needs of associations are quite different from those of companies and public bodies.

With a significant proportion of their income coming from membership fees, associations may not be able to afford a complete management accounting solution.

In addition to representing a significant outlay, to be usable by an association, accounting software(association) must include applications for the following: Read more

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Mobile Applications for Inventory Management: Selection Criteria

The market for mobile applications for inventory management is booming. Unfortunately, as the supply for these applications increases, not many are being developed with small and medium sized businesses in mind. There are few mobile applications that are responsive to their needs and budget and amongst these options, it is important to learn how to […]

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