A cash forecast is used to monitor a company’s projected cash requirements for a specific period of time. Cash forecasting helps a company to understand the cash effects of sales and expense variances, changes in AP and AR activity, cash spending plans (e.g., capital spending), or changes in cash reserves. Some companies complete the forecasts…
How goods move through your warehouse facility affects your organization’s overall profitability. That may seem like an overstatement, but a quick look at the data related to labor, errors, and even simple floor space show that warehouse operations are crucial to productivity and, ultimately, profitability. Assess Your Warehouse Layout Before making any changes to your…
This post is the fourth of our ERP implementation series. If you want to start from the beginning, or learn more about prior ERP implementation phases, take a look at: Navigating the ERP Sales Process: Successful VAR Selection Navigating the ERP Sales Process: Pre-Sale Requirements Review Preparing for ERP Implementation: Getting Started on the Right…
Too often, the ERP conversation focuses too much on high failure rates and lofty, but vague promises re: AI and automation, or the hidden power locked inside existing data sets. These tried-and-true bullet points strike the perfect balance between fear and possibility – aka they’re great for selling massively expensive enterprise software. The problem is,…
Project management is a business. As in any business, to survive, there is a constant need to add new goods and services to reach a larger number of customers, to drive sales. There are project management courses and schools. Degrees can be earned in project management at many universities and through various project management groups.…
Microsoft has announced that sales of on-premises versions of their SMB ERP solutions, including Dynamics GP (Great Plains) and Dynamics 365 Business Central on-prem, will conclude in October 2025. As business technology has evolved, most businesses are adopting cloud-based solutions like Dynamics 365 Business Central, which offers more flexibility, scalability, and security than on-prem counterparts.…
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…
Clouds on the Horizon Are you ready to skyrocket your Dynamics 365 experience into the stratosphere? Well, fasten your seatbelts, because Microsoft’s Bridge to the Cloud 2 promotion will blast your on-premises Dynamics 365 Business Central, Dynamics NAV, or Dynamics GP deployment into the Dynamics 365 Business Central online orbit! Let’s launch into the cloud…
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…
