Evaluating Financial Management Software. . . Is it time for a change?
Cash. Currency. The bottom line. Money is the single largest determinate in making business decisions. But generating product revenue and turning a profit aren't the only concerns when it comes to the illustrious green. Businesses must find a way to weave together accounting, payroll, product management, and human resources into a fabric of synchronization. The wrong financial management software can cause delays in reporting, waste workforce output in data entry, and directly impact profitability.
Click here to make sure your financial management software is working for you.
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Everyone is a Manager of Something
The Accounts Payable clerk is no more. Gone are the days of data entry, of collecting invoices into files, of visually comparing pricing and purchase orders. Extinct. Now, a new role exists. In the Darwinian world of business, where evolution is imperative, knowledge workers make vital decisions on a daily basis. A typical knowledge worker in the Accounting Department has access to supplier information, statistics about transaction volumes, and notes about returns or documentation problems. He or she sees the key performance indicators (KPIs in Microsoft Dynamics), the statistical analyses which measure progress.
The most critical function of knowledge workers, then, is to make decisions. They must read and analyze the data presented to them and act. Everyone is a manager of something. And why give your Accounting Department employees access to critical information if they are not in a position to use it? Conversely, why ask staff to make decisions without providing the relevant data?
With what responsibilities have you trusted your knowledge workers?
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A Cheat Sheet For a Down Economy
Stop worrying about the economic mess and start doing something concrete about it. If you’re a CEO or member of a board committee, call in your top financial person and ask them these questions:
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How Liquid Are We, Really? Cash is king, or queen depending on the realm. As long as you have sufficient cash you can outlast most blows the environment delivers. But you need to be sure that the items listed as cash are really cash.
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Do We Have Unrealized Losses? If the answer to this question is yes, congratulations. At least you have an investment portfolio large enough to lose enough money to influence your bottom line. To read this full article click here.
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More Productivity, Less Effort
Microsoft Dynamics GP and the Microsoft Office System: Extend the Reach of Your Business Management Solution to Increase Productivity, Insight, and Collaboration This free white paper offers highlights of how Microsoft Dynamics GP and the Microsoft® Office system work together to help people optimize productivity, access and analyze information, and collaborate and connect securely across the entire organization—regardless of whether they’re working in Microsoft Dynamics GP or other applications. Click here to download this white paper.
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Major Announcement – Microsoft Dynamics Stimulus Package!
Nonprofits Get Boost From Microsoft Stimulus Offer
Microsoft Corp. announced the release of a stimulus package for select nonprofit organizations, associations and targeted trade groups. The nationwide stimulus package will present qualified not-for-profit (NFP) customers with two additional concurrent Business Ready Licensing (BRL) Full Access users at no additional license cost with the purchase of an ERP Foundation Pack license — a 66 percent discount on the suggested retail price of three software licenses. This offer is available from June 18, 2009, through Dec. 23, 2009, only in the United States. NFPs must show that they fall within Standard Industrial Classification (SIC) 83xx or 86xx to qualify for the offer. The offer is available to new Microsoft Dynamics GP customers. For more information contact us at 714-921-4050 or email us at info@aim-llc.com.
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Will I Google It? Yahoo It? Or Bing It?
Microsoft’s Bing search engine is now publically available, allowing you to decide whether Microsoft’s latest efforts has the power to take on Google. July market share averaged Bing at 16.28%, Yahoo at 10.22% and Google at 71.99% (statcounter.com). If you are still trying to find out for yourself which search engine to use, there is a great website (www.google-vs-bing.com) that lets you type in your search and compares Google results to Bing results side by side. The feedback from Bing users is positive. Here we list ten features where Bing differs from Google.
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How great companies turn crisis into opportunity.
Fortune senior writer Jennifer Reingold had a great interview with Jim Collins (author of Built to Las, Good to Great and How the Mighty Fall) on how companies can turn crisis into opportunity. When turbulence approaches and it is out of your control, what gets companies through this and enables them to achieve greatness in the long run.
When Collins was asked what gets companies through these tough times he stated “you have to have moorings.” Strong companies had “an incredible fabric of values, of underlying ideals or principles that explained why it was important they existed.”
Collins also suggest that in times of crisis, it’s the “caliber of their people that would get them through it. Almost across the board, people are worried. As a rock climber, the one thing you learn is that those who panic, die on the mountain. You don’t just sit on the mountain. You either go up or go down.” Businesses have to ask the question, “What can we do not just to survive but to turn this into a defining point in history.” To read this full article click here.
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Lower your cost of new software with the American Recovery & Reinvestment Act of 2009
50% Bonus Depreciation! Use the Bonus
Depreciation from the American Recovery & Reinvestment Act of 2009 to lower your overall acquisition cost on technology you need in 2009.
What is it?
• The American Recovery & Reinvestment Act of 2009 (ARRA) was signed Feb 17,
2009
• Accelerated depreciation benefits extended through 2009
• Applies to Software and Hardware purchased in 2009!
• 50% bonus depreciation plus normal rate on remaining basis for 2009
• Unlike Section 179, bonus depreciation has no cap
• Any size company may benefit
Click here
to see an example of Bonus Depreciation Allowance in action.
For more information from the IRS on Net Operating Loss Carryback, Sec. 179 Deduction and Other ARRA Business Provisions please visit the IRS website by clicking here.
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Cash is King in this economy Managing Cash and Profitability with Inventory Management
In tough times, businesses are more likely to pay attention to the fundamentals. Watching cash flow, focusing on customer service, taking care of employees, improving business processes and managing inventory can all make your business stronger. We have all heard that "cash is king", and cash certainly helps a business weather bad storms. What is one of the quickest ways to get cash? Click here to find out how with better inventory management!
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How Can Workflow Help My Company?
Incorporating workflow automation into business-specific processes can help businesses maximize efficiency, practice proactive management and respond quickly to changing conditions. By placing a workflow process in a virtual environment, the time between processes can be reduced from days to minutes. Click here to learn more about Workflow and read five improvements that Workflow and Sharepoint will do for your company.
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