Category: Sage 500 ERP

Saving Time with Business Intelligence Software

A business software system can be a big investment, so it’s no wonder that a lot of firms still look at these systems as a luxury. But these days the availability and reliability of data can make or break a business, so robust business intelligence software isn’t just for enterprise-scale…

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How to Perform an ROI Analysis for an ERP System

When you’re trying to sell your senior leadership on an Enterprise Resource Planning (ERP) project, keeping your return on investment calculations as simple as possible can be an asset. But when it comes to actually choosing an ERP system (e.g., Acumatica ERP) balancing the bottom line benefits against the initial…

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How to Plan for the Ongoing Costs of an ERP System

It’s no secret that enterprise resource planning (ERP) systems represent a major investment in both time and money. What is less well known is that systems like Sage ERP and other robust online accounting software suites come with continuing costs that can be highly variable. A number of factors will…

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Calculating the Internal Costs of an ERP System

When thinking about the cost of an Enterprise Resource Planning (ERP) system, many companies focus too much on the price tag of the system itself. The software and services combined do represent a significant investment but it’s important to remember that the costs associated with an ERP implementation cover more…

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4 Hidden Costs of NOT Investing in an ERP System

An Enterprise Resource Planning (ERP) system is the backbone of a business. In industries as diverse as banking and livestock management, these software systems manage inventory, track orders, manage production, monitor revenue, and even oversee staff through one integrated dashboard. Read on to learn why investing in an ERP is…

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Marketplace Fairness Act of 2013 – Remote Sellers and Sales Tax

For years, online retailers have been exempt from collecting sales tax in states where they didn’t have a significant physical presence (also known as nexus). However, as state budget deficits grow the definition of nexus is expanding in many states to increase business’ sales tax obligations.  Additionally, legislation across the country…

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Project Accounting Best Practices

Wiki Definition: Project accounting (sometimes referred to as job cost accounting) is the practice of creating financial reports specifically designed to track the financial progress of projects, which can then be used by managers to aid project management. Other famously used BUZZ words for project accounting are: Construction In Progress accounting (CIP), CAR, Planning, etc. Typically, people…

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