In part 1 of our customizations post, Customizations: Why, When and What to Look For we discussed how to research customization alternatives, secure and manage executive project support and stay within your company’s capabilities. Sometimes, after researching all customization alternatives, you might find that none are sufficient to meet your needs. At this point, a…
Many AP professionals start their day with an inbox full of invoices to be coded or approval status updates. With the continuation of remote/hybrid work, they’ve lost even more visibility into where invoices are in the process. In fact, on average, AP team members spend more than 40% of their time looking for invoices that…
Many field service providers choose to stick with a reactive approach to business. And there certainly is enough work for them to find out there. But you must have a proactive mindset and business strategy to move your business forward. Proactive field service businesses anticipate their customers’ needs and emphasize preventative maintenance. If they do…
An organized and controlled GL period close is essential to the completion of accurate financial statements. Accurate statements are critical in expense control analysis and support informed financial decisions. An accounting year is based on a number of accounting periods. Monthly accounting periods are the norm. Monthly accounting periods do not need to be based…
Maintaining accurate warehouse inventory and providing visibility across the company sets the stage for distributors to meet customer expectations. Knowing what’s in stock and available to sell allows the sales team to take orders with the confidence that they can be fulfilled on time. And the procurement team can compare real-time inventory availability to the…
Client Overview Founded in 1995, Global Strategy Group (GSG) began as a Democratic polling firm operating predominantly in the New York market. Over two and a half decades, the firm has evolved into a full-service research, public affairs, and communications agency, working with top Fortune 100 companies at the center of some of the nation’s…
Overview General Ledger, journal entries (JE’s) are made for a variety of reasons. For example, JE’s are used to record GL adjustments, accruals and recurring entries (e.g. depreciation or expense allocations). If external systems are used and not integrated with the GL (e.g. Payroll), JE’s can be used to enter the external system’s transactions into…
Your business is distribution, but increasingly, every business is in the technology industry. In order to build a resilient operation that can withstand pandemics, supply chain disruptions, and whatever else may come along, you need the right technology stack. Historically, enterprise resource planning (ERP) and customer relationship management (CRM) systems have been separate, siloed platforms.…
So, you’ve decided to move forward with a new ERP. While that’s an important decision in itself, it’s only the first of many more yet to come. You’ve probably gone through a lengthy sales process, met with several different VARS, (Value Added Re-sellers) and communicated your project’s overall goals and objectives. Depending on your purchase…
Every field service provider struggles to maintain cash flow at one time or another. It doesn’t matter whether you’re a small or large company. It doesn’t even really matter whether you’re struggling or profitable. You may have record-high revenue on paper, but if you struggle to get invoices out the door promptly, you may not…
