Most leaders of small and medium-sized businesses (SMBs) are hesitant to deploy new ERP software until the pain of not having a proper ERP is excruciating. Today, though, thanks to the flexible subscription model and broad functionality of Sage 100cloud (Sage 100c), you don’t need to wait until the dam is about to burst in your business to make an ERP investment with fast ROI. In fact, if you have operational issues in any one of the following seven areas, an investment in Sage 100cloud will likely pay for itself many times over – and in short order.
Here are the seven signs it's time to invest in Sage 100cloud.
Sign #1: You're not managing your cash efficiently or effectively.
If you're not tracking the supplier discounts available to your company and making automated payments to enjoy those discounts, then you have an accounts payable issue that Sage 100cloud Accounts Payable can manage. At the same time, you need to collect receivables in a predictable manner. If you don't have a good handle on the status of each customer and of orders, the credit-worthiness of customers and prospects, and the historical data to support customer interactions, you can get up to speed in these areas quickly with Sage 100cloud Accounts Receivable.
Sign #2: Your budgeting and planning exercises are taking too much time and effort.
SMBs need to be agile and respond quickly to evolving market conditions. If you're missing out on new opportunities because of a lack of insight into budgetary restrictions and plans, you must act to keep the business competitive. Sage Budgeting and Planning helps you drastically reduce the length of time it takes to complete your budgeting and planning cycles. It also connects budgeting activities with organizational performance metrics so you recognize how each business decision impacts your bottom line.
Sign #3: You lack accuracy in your general ledger.
An inaccurate general ledger can wreak havoc on your organization in terms of both financial reporting and operations. If you (or your auditor) are finding errors in your general ledger, you need Sage 100cloud for its fast, efficient, and accurate data entry.
Sign #4: Your monthly reconciliations are not adding up.
Mistakes happen – that’s a given. However, if your organization is unable to quickly detect unrecorded transactions that occur between books and banks, locate errors and differences, record corrections, and reconcile your books with bank statements, then you have a major problem at the end of every month. This causes fire drills, wastes resources, and lowers morale. By leveraging Sage 100cloud Bank Reconciliation, monthly reconciliations become a breeze.
Sign #5: Income tax reporting and sales tax management are draining your resources.
Filing taxes across multiple states due to different tax law requirements is an issue for many businesses, with no let-up in sight – the number of regional variations in tax codes seems to grow on a yearly basis. In addition, you may be struggling with complex sales tax issues. If situs, nexus, tax tiers, tax holidays, exemption certificate management, and/or product taxability rules present challenges to your team, you need to deploy a tax-savvy ERP like Sage 100cloud. Sage 100cloud offers Federal and State eFiling and Reporting as well as integration with Sage Sales Tax. These tools allow you to automate and manage complicated tax processes and report results faster and more efficiently.
Sign #6: You lack accuracy in tracking and reporting production processes.
Designed to suit manufacturing, Sage 100cloud helps you manage both your inventory and production processes. If you use manual processes to track bills of material and work orders, or if your materials requirements planning doesn't automatically associate with other manufacturing processes, you need to upgrade your ERP. You cannot afford to have disconnected manufacturing processes, and Sage 100cloud provides detailed and accurate tracking and reporting throughout the entire manufacturing process, from forecasting and scheduling through shop floor and completion.
Sign #7: Everyone is not on the same page.
Streamlined collaboration is critical to SMBs operating across geographies. If your teams lack up-to-date, real-time data, you're likely suffering from poor collaboration. With Sage 100cloud, you can customize reporting around your key performance indicators by integrating with Sage Intelligence, which means that everyone in your organization, regardless of geography, is alerted to the most critical data relevant to performing their job at the highest level possible.
Sage 100cloud is a comprehensive ERP and financial management suite that can address the operational needs across your entire company. And now that you can purchase Sage 100cloud as a subscription model, your upfront investment is minimal, enabling you to more quickly have what you need to solve the issues that are holding back your business.