Once upon a time, way back in the 1960s, Enterprise Resource Planning (or ERP) was originally a concept applied to inventory management and control. By 1990, the system had expanded well beyond a few inventory and operational activities: it developed into a multi-functional solution that performed essential back-end processes, such as accounting, financial reporting and even regulatory compliance. Present-day ERP software has streamlined operations throughout all aspects of a business, including inventory, financials, CRM, marketing, and beyond. Functions that once required multiple platforms can now be automated through a single system.
1 min read
3 Budgeting & Planning Tools To Help Businesses Move Forward
In business, forecasting tells the story of what the future holds. Lately, that story has had more plot twists than a Hollywood blockbuster film. With so many what-ifs on the table, CFOs need to prepare to shift direction without much warning. That's why we're sharing three tools to help you make confident business predictions.
3 min read
Cloud Technology: Smoothing the Road to Profitability
The Holy Grail of any entrepreneur is that elusive objective known as profitability. The formula to achieve this goal is pretty straightforward: ensure that revenues exceed expenses. The economic climate had previously allowed for a plus-side bottom line to be attainable. Following a robust 2019, there were high expectations that things would continue along a positive path.
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3 Tips to Improve Financial Planning and Reporting in 2020
For many financial teams, planning and budgeting takes far too long and can exhaust resources rather quickly. This department often spends too much time on administrative tasks related to collecting, consolidating and reconciling data, and not enough time on analysis and strategic development.
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5 Signs It’s Time to Update Your Business Software Solution
Growing a business requires you to be in many places at once. From tracking manufacturing and distribution to inventory management and eCommerce to overseeing administrative efforts and payroll, it’s your responsibility to ensure all these components flow together in harmony. And so, you employ a software application to reduce the burden and help streamline a specific aspect of your business for better efficiency. As more sales come in and business takes off, you’re incorporating additional software platforms to keep up with the demand.
4 min read
The Benefits of a Scalable Inventory Management Solution In The Food and Beverage Industry
In the food and beverage industry, market conditions and business models are ever-changing. Upon launching your own business, you are right to focus on building market share and creating sustainable business models. However, once the beginning stages are over, it’s time to think about scaling up, expanding markets, and increasing sales and customers. To achieve this, businesses must have software that quickly adapts to the needs of an expanding organization.
2 min read
Five Barriers to Growth and How to Solve Them
Business managers today face a variety of complex challenges. From keeping up with the day-to-day regulations and processes, customer data, and visibility of operations to make optimal business decisions, these barriers can get in the way of growing an organization.
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Computing Through The Cloud
Software-as-a-Service provides upfront saving over on-premise ERP solutions but the real benefits go much further. There are many factors that prove cloud-based computing is much more beneficial to a company than on-premise servers. You can download the whitepaper for an in-depth analysis, here are some highlights.
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Local ERP Software Company Celebrates 20-Year Milestone
Cloud-based ERP software helps businesses identify operational inefficiencies and develop best practices to becoming more productive.
As they reflect on 20 years, there’s been extraordinary progress and innovation made in the way business is conducted with the advent of the internet. For neo3, a Canfield-based business software solutions company, they’ve been influential in helping organizations become more productive and profitable through operational efficiency in the digital transformation.
1 min read
Your Distribution Business is Growing, But Is It Scaling?
For warehouses and distribution centers, it can’t be stressed enough the importance of having inventory management to help lower costs, speed up fulfillment and prevent fraud. If your assets are not precise, you as business are facing stock-outs and high carrying costs. So, how do you accomplish precise inventory management? It starts with a scalable software platform. This enables “high levels of inventory visibility on a real-time basis.” Scalable software platforms can be a remarkable solution for distribution organizations looking to better manage their assets and logistics. Growth is a great thing, but if you do not have the appropriate processes in place, you could be scaling in the wrong direction.