recommended by Pierre Namroud, CEO of NAMTEK Consulting Services
When selecting to set-up a new software solution, whether it be in accounting, sales, purchases, EDI, inventory management, Business Intelligence, or simply deciding to upgrade your existing one, remember that the best option would be to have a single fully integrated software platform to run your business. Read more
Today’s business environment is very competitive, as lead-time to deliver, response time, and quality and speed of customer service are all becoming critical factors for the success of any enterprise. More and more small and mid-sized enterprises are continuously faced with new challenges in which they have to overcome in order to compete and progress in their industry.
One of the critical challenges for SMEs is to make sure that the data and systems used to run their day-to-day business operations are safe. Finding solutions to safeguarding their systems continuity and recovery after an IT failure or a major disaster that might happen to their servers or critical workstations is needed.
Certainly any company can restore its data after a failure, however the key to any truly successful restoration is the amount of time it takes. Therefore, how can companies shorten the time of recovery without major upfront investments?
Last week, we had the pleasure of exhibiting at the Salon Opportunité PME + iExpo 2013, which was held at the Palace Convention Center in Laval.
Our Experience
With over 30 exhibitors, presentations from top SME executives and networking events, our team met a lot of great people.
What manager has not dreamed of a sophisticated system for a better management of in-store inventories?
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.
Due 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.
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.
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 […]
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.
A question most likely on the minds of most small and medium-sized business Finance managers, in relation to its budget.
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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Not long ago, companies managed their computer system internally. However, thanks to recent technological advances, they can now host remotely.
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.
