Closing the fiscal year is a task generally performed after your auditor has received your trial balance, and perhaps after they’ve returned adjustments. There’s no requirement that the fiscal year be closed at a specific time, but once it’s done, you can’t reopen it or adjust the accounting periods. Follow these steps to close the…
LEARN MORE
Enterprise Resource Planning (ERP) systems are the backbone of your organization, supporting and streamlining processes across the board. However, the intricate nature of these systems means that they require careful handling. A misstep in implementation can quickly escalate into a full-blown operational crisis. To steer clear of such pitfalls, it’s crucial to recognize the early…
LEARN MORE
The Dynamics 365 Warehouse Management (D365 WMS) application provides an excellent user interface to process inventory transactions. Historically in D365 WMS, if a user was limited to working in one menu item at a time. For example, if I am counting a large location, and am midway through the count, I need to finish the…
LEARN MORE
This is the sixth post of a series discussing how Velosio can assist your company in completing a successful ERP implementation. If you want to review the other posts in the series or learn more about Enterprise Resource Planning (ERP) implementation and how Velosio can help, look at: Make Velosio Your ERP Migration and Implementation…
LEARN MORE
Microsoft Dynamics 365 Supply Chain Management now allows you to set up and print labels using the BarTender labeling solution. BarTender allows you to design your barcode, upload the label to the cloud, and print directly from Dynamics 365. Setting up the integration between Supply Chain Management and BarTender Cloud requires that you are running…
LEARN MORE
The ability to collect payments faster is more significant than ever. The economic landscape is increasingly volatile, with fluctuations in market conditions and currency values. This unpredictability makes it crucial for businesses to maintain a steady cash flow to ensure stability and resilience. Secondly, the rapid pace of technological advancements has raised customer expectations. Consumers…
LEARN MORE
Encountering hurdles in your ERP project journey is not uncommon. Perhaps the timeline has stretched far beyond what was planned, or costs are spiraling out of control. Maybe you are starting to question the capability of the software to meet your business requirements. Regardless of the unique challenges, the good news is, that it’s never…
LEARN MORE
Background Fin Feather and Fur, a regional sporting goods retailer, found themselves managing their business with Oracle’s JD Edwards ERP solution, a system not inherently designed for retail. Set up to fit the solution instead of their business processes, they were able to operate their retail business, but it was clear the solution was not…
LEARN MORE
Enterprise Resource Planning, or ERP, is the management of all the information and resources involved in a company’s operations by means of an integrated computer system. It was first defined by Gartner in 1990 to represent a system to manage traditional distribution and discrete manufacturing organizations with repetitive processes. It first encompassed manufacturing resource planning,…
LEARN MORE
When it comes to Enterprise Resource Planning (ERP), one size does not fit all, especially for project-driven companies. Project-driven work has clear goals, milestones and deliverables and a defined start and end date. Projects may take hours, months or longer — the duration varies with every project and business need. But the work is aligned…
LEARN MORE
