New cloud-based Enterprise Resource Planning (ERP) solutions like Acumatica give you capabilities that easily translate into improvements in efficiency, quality and profitability. With that in mind, here area few selection tips for selecting the right manufacturing ERP solution.
Corporate accounting systems must be in compliance with the ASC 606 rule for revenue recognition as of December 15 of this year. This requirement will not be a problem for companies using Acumatica Cloud ERP’s Deferred Revenue Accounting module.
How does use of an ERP solution translate into savings? In the big picture, it’s about operating more efficiently. On a day-to-day basis, we see ERP saving money for our customers in other areas like inventory control, supply chain, more accurate and timely invoicing, better access to data, and more.
The big risk of privileged accounts is that if they’re compromised—if their credentials are compromised or an employee acts improperly—they can create big damage. That’s why having a process to monitor and control privileged account usage is a critical piece of ensuring your information security.
A written disaster recovery (DR) plan is a good start towards making sure your business can resume operations after an outage, but you won’t know how good those words are until you put them into action. It’s important to schedule periodic disaster recovery tests to try out your plan before you need to execute it for real.
Digital transformation in the distribution industry involves using advances in application integration technology, cloud computing, data analytics and “edge computing” IoT devices to transform your relationship with customers, employees and partners.
IT services come in several different forms. If the service type you choose doesn’t match your requirements, you won’t get the benefits you expect and will likely be disappointed by your experience. Make sure you know what different IT services offer so the one you select is a good fit for your business.
Deciding to invest in cloud technology, like making any IT investment, requires balancing the risks against the rewards. This scale will tilt differently for every business depending on its internal priorities and the challenges of its internal IT. How do these numbers stack up for you?
Who doesn’t want better collaboration in their business? Collaboration has turned out to be harder to achieve than people expect. If you’re contemplating a program to stimulate better productivity, like Microsoft Teams, here are five benefit you’ll realize in the process.
Project-based businesses need more than basic accounting. The income statement has a section for revenue and a section for costs. This is great for preparing the tax return or reporting to shareholders. If you want to know how much you’re making or losing on projects, you won’t find it in the income statement. You’ll need specialized project accounting software.