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Modular Accounting Systems vs ERP Systems?

Growing companies who find they are straight-jacketed by their current accounting systems are typically faced with the difficult decision of upgrading as they grow. They can either choose to implement an all encompassing system or to ‘bolt on’ smaller applications in order to add capabilities to what

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Billing best practice: Tips for a healthy debtors ledger

We feel like we are being held to ransom by our invoicing, but if we don’t get the dollars in the door more easily and effectively, our livelihoods will be on the line. David McNickel investigates the issues and offers the latest best practice advice on how to ensure

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Disruption and the supply chain

Consumer demand is colliding with a supply chain that isn’t ready and can’t keep up, writes Jonathan Reay… There are five key consumer trends that will have implications for the supply chain, and that brands should watch over the next 12 months. They are: 1. Give customers

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Using Time Accounting to Create a Culture of Accountability

If you own a company or manage a team of employees, you understand the challenges of motivating staff and establishing a culture of accountability and an understanding of objectives and goals. The best managers and leaders know that you cannot intimidate an employee into good performance, nor

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Watch for these six business continuity gaps that can cost you

With an abundance of factors that can disrupt operations, effective business continuity strategies are challenging… Business continuity encompasses three core elements: resilience in how business functions and infrastructure are designed, recovery to restore systems that fail, and contingency to cope with incidents and disasters that occur. Stuart

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How to Choose Timesheet Software

If you are in the market for timesheet software your research may leave you uncertain about what type of package you need. You can demystify the choices by considering your budget, business requirements and other basic factors. First, make a list of the things you want to do with

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Automation, Workflow and Alerts for SMEs

One way to significantly reduce costs for SME businesses is to automate internal processes. This includes automated workflow, alerts and the like. Examples of these include: * Automating tedious processes, such as weekly, monthly, quarterly and yearly recurring sales and purchase invoices and general ledger accounting entries.

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Why a $50k System is Overkill for Your Small Business

If you’ve ever bought a computer, you’ve felt it. Felt the pain that comes from seeing your shiny new system drop in price by 10% soon after you bought it… or 25% or 50%. With technology moving as quickly as it does, this price-drop pain is almost inevitable. But

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Is cloud computing disenfranchising the CIO?

Cloud computing is continuing its meteoric rise and as a partial result IT control and decision-making is moving to the line of business managers. In the middle of it: the CIO. Clare Coulson considers what these changes mean for the modern CIO… When Neil Armstrong and Buzz Aldrin set

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Worldwide IT spending to grow in 2016 – but only just

Just how much will the tech-crazy world blow on IT in 2016? Around US$3.54 trillion… While that number represents growth, it is only just in the green according to the Gartner Worldwide IT Spending Forecast. At a mere 0.6 percent over 2015 spending, the researcher is anticipating

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