Tag: business management software

ERP systems for SME/SMBs – when is it overkill?

Is a full ERP overkill for an SME/SMB (small medium enterprise/small medium business)? Sam Graham, author of several books on the subject of ERP implementations, shares his thoughts.

Cash flow tips to help your small business

At some point, most businesses will hit cash flow issues, even with the best cash flow tips at hand. Sometimes businesses will delay payment to vendors and discount invoices as an incentive to get customers to pay faster.

Batch accounting and Real-time accounting the Spire Way

For a long time now, real-time accounting versus batch-based accounting has been a subject of debate. In this blog we explore the benefits of each and share how Spire offers batches in some places and real-time accounting in others, where it makes sense.

6 Effective Tips For Multi-Warehouse Inventory Management

Effective inventory management for your growing business is crucial. As your company transitions from a single-warehouse to a multi-warehouse model, you can encounter problems with inventory accuracy. Small problems that are easy to solve before your business growth, have now become big problems. When you have more than one warehouse, you need a multi-warehouse inventory management solution. With that in mind, we have 6 tips for you to consider.

Business Growth with the Right ERP Solution

In the business world, rapid growth is a strategy that needs to be well thought out and fast. For some small to medium-sized businesses the dream of eventually becoming an industry giant is more than just a dream. The ultimate goal is to have significant pricing power, strong brand awareness, and a nearly unlimited supply of new orders. However, that growth comes at a cost – literally.

Essentials of Finding the Right Business Management Software

There are four key factors to keep in mind when choosing which business management software solution is right for your business. In most cases, it’s not just the case of picking the lowest price solution or going with a vendor with the best name recognition.

Are You Taking Full Advantage of Your Business Software?

One of the most important concepts in the business world is return on investment (ROI), and that concept can be applied to business software as well. In short, there are costs and benefits to any business software package, and it’s up to the organization to prove that the benefits far outweigh the negatives over the long term.

Why Employees Complain About Implementing New Business Software

For many employees in an organization, the decision by upper management to implement new business management software often comes with trepidation. Instead of seeing this move as a positive signal that the organization is experiencing a new wave of growth, they see it as a rude awakening from a status quo in which everything seemed to run smoothly enough.

The Magic of Double Entry Accounting

At the core of any accounting software is a bookkeeping system called double entry accounting. Double entry accounting simply means that any financial transaction has two equal and opposite sides to it.