An accurate budget is the basis of effective business management. Today, most companies prepare a financial budget. Some build budgets at an extremely high level (e.g., sales, cost of sales and expenses), others build a detailed budget (e.g., sales detail by type, expenses by department, capital spending, projects). Companies may also budget the Balance Sheet…
An accurate budget is the basis of effective financial and operational management. Today, most companies prepare a financial budget. Some build budgets at an extremely high level (e.g., sales, cost of sales and expenses), others build a detailed budget (e.g., sales detail by type, expenses by department, capital spending, projects). Companies may also budget the…
To get to this point in your ERP implementation, you’ve gone through a lengthy sales process, selected your solution provider and set your project’s overall goals and objectives. You’ve also commenced a formal kick-off meeting. In the meeting, the project plan was developed including organizing tasks, assigning resources, and setting the project ground rules. If…
An ERP is more than just a tool for managing resources and orchestrating processes. It’s the backbone of your company’s entire digital strategy. The problem is, if you don’t know what you’re doing, finding the right ERP vendor amid today’s crowded enterprise tech landscape is about as easy as finding a needle in a haystack.…
The medical device industry faces unique challenges when it comes to supply chain management. Suppliers and manufacturers must navigate strict regulatory requirements, ensure product quality and safety, and maintain a reliable flow of critical medical devices. To get ahead of these challenges – and those just now appearing on the horizon – medical device companies…
For medical device companies, track and trace software plays a crucial role in ensuring regulatory compliance, enhancing supply chain visibility, and facilitating efficient recall management. These platforms capture details about a product or asset, so you can track its status across the entire value chain. It’s similar to the concept of establishing provenance for historical…
When most people think of automation, they think of greater efficiency — and to be sure, that’s one of the biggest reasons to automate time and resource intensive processes. But these digital tools can offer benefits you might not have considered, especially when you use solutions from Avalara to manage tax and other regulatory obligations.…
In the ever-evolving realm of business, adaptability is the cornerstone of success for finance leaders. As the horizon of 2024 approaches, the call for agility, and efficiency grows stronger. The partnership between Velosio and KwikTag by Paymerang is an exemplary testament to addressing these challenges head-on, particularly in the domain of invoice management. KwikTag by…
“Go-Live” is the final post of our ERP implementation series. If you want to learn more about prior ERP implementation phases, look at: Navigating the ERP Sales Process: Successful VAR Selection Navigating the ERP Sales Process: Pre-Sale Requirements Review Navigating the ERP Sales Process: Successful VAR Selection | Velosio Preparing for ERP Implementation: Getting Started…
When working with greenhouse growers, I often find that they are making their jobs much harder than necessary by operating in siloed environments. I’ve said this before, but do you find yourself pulling off “daily acts of heroism” to gather the information needed to make business decisions? It doesn’t have to be so hard. More…
