Small and medium-sized businesses (SMBs) must be fast and furious to maintain a competitive advantage in today’s increasingly competitive market. Unlike large enterprises, SMBs rarely get a second chance to impress a customer or prospect, and they must take advantage of unique business and operational opportunities as soon as they arise.
Therefore, as a small business, you need to know your business and customer data is 100% accurate – your data serves as the foundation for all your business decisions, customer acquisition/retention efforts, and operational efficiency.
The almost maniacal focus that Sage 100cloud (Sage 100c) places on data accuracy is one of the reasons we love it so much – it enables us to trust the data that drives our businesses forward.
Here are several ways Sage 100cloud enables your business to have accurate, up-to-date data you can trust.
Better Understand Expenditures and Receivable
Sage 100cloud Accounts Payable automatically tracks supplier discounts and pays your invoices by the appropriate due date. It also provides insightful financial reports, such as payables aging and future cash requirements so you can make more informed decisions based on your cash position. On the opposite side, Sage 100cloud Accounts Receivable offers multiple reports to clarify the status and history of each customer, enabling you to properly manage and communicate with all your customers.
Streamline Budgeting and Planning
100cloud’s integration to Sage Budgeting and Planning shortens your budgeting and planning cycles. It can connect all budgeting activities with organizational performance metrics so you can understand exactly how the business decisions you make are affecting the bottom line.
Automate Monthly Reconciliation
Sage 100cloud Bank Reconciliation improves the detection of unrecorded transactions that can occur between books and banks, locates errors and differences, records corrections, and reconciles your books with bank statements. It also provides functionality for viewing and forecasting cash flow activities with registers, reports, and analyses. Cash flow can be rolled up to one consolidated view when you link Bank Reconciliation with Sage 100cloud Accounts Receivable, Accounts Payable, Payroll, and Purchase Order.
Simplify Sales Tax Management
SMBs struggle with complex sales tax issues – but that struggle ends when you integrate Sage Sales Tax with Sage 100cloud. Now SMBs gain the processing logic required to automate and manage complicated tax processes, including those related to situs, nexus, tax tiers, tax holidays, exemption certificate management, and product taxability rules.
Increase General Ledger Accuracy
If you choose not to use your current chart of accounts, you can create a new chart of accounts structure with 100cloud’s numerous industry-specific selections. Whichever you choose, 100cloud General Ledger uses the Sage dual-grid entry for quick, efficient, and accurate data entry.
Report with Confidence
As with all Sage solutions, you can customize reporting around your key performance indicators by integrating with Sage Intelligence. This means everyone in your organization, regardless of geography, is alerted to the most critical data necessary to perform their job at the highest level possible, transforming your organization into a well-oiled machine.
Executives and employees of SMBs must have confidence in the data that drives their business decisions. In many cases, it’s the difference between having a competitive advantage and being an abject failure. If you want to be sure you’re making the best decisions for your organization, now is the time to investigate how Sage 100cloud can transform your business data into business data you can trust.
Have questions about Sage 100cloud and getting the data you need to keep a competitive advantage? Contact us today.
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