Accounting Software and Credit Card Processing

Accounting Software and Credit Card Payment Processing

Credit card payments seem to be a wave of the future. When I read statements form the Internet like; “SVP of government affairs for the Financial Services Roundtable, says, “Credit and debit card services play a vital role in our economy. 70% percent of our GDP is based on consumer purchases, and credit cards and debit cards make that easy, safe and fast.” This has to mean something…!

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Intercompany Transaction – General Ledger – Accounting Software

Intercompany Transaction – General Ledger – Accounting Software

At least 10% of our clients ask for such functionality and it is quite important to them. Sage Accpac ERP is one of the fewest accounting software packages out there that does this very well. Most of the clients that come to us wanting this functionality are using something like QuickBooks where it is impossible to do. QuickBooks does not even support multi-company functionality where you do consolidations let alone intercompany transactions.

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Why should you stay current with your accounting software?

This is a common question that is asked by our clients “why should we stay current with our software?” Here is an article written by one of our consultnats, Jim Love.

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Benefits of Sage CRM by Job Title

Benefits of Sage CRM to the Sales Director

Name: John Maye

Title: Director of Sales

As Director of Sales, John Maye needs access to information at-a-glance about his sales team’s performance. With Sage CRM, all sales information is stored, tracked and reported, and information is displayed on the interactive dashboard. This gives John immediate insight into sales team performance while the easy-to-read graphics give him an instant view of how his pipeline is doing at any point in time.

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Increase Sales and Lower Operation Costs

Increase Sales and Lower Operation Costs

There are ways to increase sales. Of course with increased sales there is always an increase in operation costs. So how do you increase sales while lowering your operation costs?

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Sales Forecasting

There are a couple of ways to do sales forecasting, the messy/unreliable way, or organized and reliable way. Which one do you practice?

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Power of Integrated E-Commerce with ERP Software

Power of Integrated E-Commerce with ERP Software

 One of our clients used to use QuickBooks to manage sales orders that were coming in through the phone and a non-integrated Yahoo e-commerce site. Orders were fine and consistent for about $5 million annually.  The client was unable to manage that much business on QuickBooks because:

  1. Lack of accuracy in the inventory management system
  2. Lack of business analytics
  3. Lack of integration to the e-commerce store
  4. Data corruption in QuickBooks because of the size limitation
  5. Lack of integrated CRM software

 

When you have that many problems in an accounting and inventory management system, you know your margins are shrinking as your business grows.

 We met with the client to evaluate the business issues and study the business process to see if there is a match between the need and our Sage Accpac ERP software.  We all determined that the match was right on. We set up a demo to show the features of the software that match the business needs and the client made the decision to move forward.

 What the client ended up getting was the following:

  1. Sage Accpac ERP
  2. ICINITI E-Commerce
  3. ICINITI Credit Card Processing
  4. Sage CRM
  5. MJD StarShip
  6. AccuDart Bar Coding
  7. DataSelf Analytics

 After all was that was implemented in a two months period and setting exact goals to measure the success of the implementation; the client used the Sage CRM system to send out an email to his customers with a special coupon to use on the ICINITI E-Commerce. When the client came in the morning he saw that there were 1,500 new orders that came through at night on the E-Commerce site that is fully integrated which means the orders were already entered into the Sage Accpac ERP Order Entry module and matched against the customers Accounts Receivable credit. All the client had to do is Pick, Pack, and Ship, then finalize the credit card transactions immediately through the system. By using the Business Analytics, the client was able to determine clients buying habits, what products they purchase the most and the least, and which clients are growing and which are slowing down and much more

Now imagine your company using the same setup that our client is using. Knowing what your margins are and what your cost per order is, how much more money do you think you made on a 1500 new orders that go directly through your Order Management or Inventory Control software.

Let me know if your company needs such integrated ERP, E-Commerce, CRM, and Shipping Software.

Selecting Manufacturing Software

When selecting Manufacturing Software, here are some important pointers.

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Outgrown QuickBooks?

How do you know that you have outgrown your QuickBooks accounting software?

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EDI, why do we need it?

What are the benefits of EDI or Electronic Data Interchange?

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