Business Automation and Software Blog

Replace Accounting Software That Can’t Keep Pace as Your Company Grows

Your business is in a good place. New customers are coming on board, the number of orders is up, and the manufacturing division is growing. These are exciting times, but expansion presents many challenges, too. As the operation scales up, you will likely need to consider upgrading your manufacturing accounting system.

In the post-COVID era, many distributors find several factors squeezing their profitability. Hiring and retaining employees continues to be a challenge. Demand for products varies, and as well as lead time to replenish necessary stock varies, leading to shortages. Rising inflation pressures distributors to stay profitable due to consumers' increased demands and higher supply costs. The business environment for all distributors is good news; those focusing on operational efficiency outperform their competition. 

The right warehouse training encourages workers to commit to the company, inspires loyalty and creativity, and increases productivity. Warehouse team members’ training should take a two-pronged approach. First, it should give workers the skills they need to operate the machines and warehouse equipment they need to perform their job functions. Second, an effective training program must demonstrate to employees how their work is essential and required for the company to succeed.

The manufacturing industry is a competitive one. Suppose your company is at the point of either implementing a new ERP or upgrading to the latest version of an existing one. In that case, you must find a solution supporting smart manufacturing. An ERP chat bot is one of the critical features of smart manufacturing, and AI (artificial intelligence) is improving these digital bots to make them more effective for sales and customer service roles. 

Congratulations on choosing your customer relationship management (CRM) system! The next step for your company is to ensure that your team members complete CRM training. The training involves much more than ensuring that your team members have names and passwords so they can log in. Learning to use the CRM system effectively is a crucial step toward improving customer experiences and satisfaction rates. Teams must familiarize themselves with all of your CRM’s features to get the most out of this powerful software option.

The modern manufacturing business is challenging. Multiple factors, such as the increasing cost of raw material prices, continuing load-shedding, challenges managing shop-floor processes, and a weak economy all contribute to the uncertainty of running the business. Business owners know that digital technologies have already led to manufacturing process improvement, resulting in increased efficiency and better overall business performance.

When a company introduces ERP (enterprise resource planning) to manage day-to-day operations, it's a sign the business has moved on from startup mode. The business is generally well-established, with a steady stream of customers. A successful ERP implementation project requires setting the proper budget.

ERP implementation budgeting must carefully account for changes as the project evolves. The budget should include funding for research and getting quotes, any customization needed, maintenance and support, training, and a contingency fund to pay for unexpected costs.