Exposing The 7 Hidden Costs Of Putting-off Your ERP Upgrade It’s very easy for business managers to put off an enterprise application upgrade. The tendency is to only look at the immediate and obvious impact on cash flow. There are other factors so often overlooked that also impact cash flow. While they may seem less [...]
7 Steps to Reduce On-going Costs with CRM Typically, as a Small Business owner or manager, you don’t normally associate purchasing software to reduce costs. However, CRM software specifically has some cost reduction advantages that are discussed below: 1. No More Looking for Documents. According to research by Delphi Group, a Boston consultancy group, 30% [...]
Sunk Costs and Loss Aversion Sunk costs are usually defined as previously incurred costs that are not recoverable and should not be taken into account in decision making. Here is a slightly modified example of a sunk cost from Jerold Zimmerman’s “Accounting for Decision Making and Control” (Irwin McGraw-Hill): Example. Abadabba Berman, the comptroller [...]
Web-based Accounting Helps You Cut Costs With business being competitive companies are always in search of opportunities to cut costs and to gain competitive advantage. On the other hand, the internet has been changing the way business is done and business is managed today. Web-based software for various back office [...]
Cut Software Costs and Gain Customers with FileMaker Solutions CRM Software Systems have grown from simple contact management systems that can store customer addresses, e-mails and track customer calls – and businesses vying for larger market shares often resorted to massive customization of their CRM software system– to the monolithic systems provided by such software [...]
ERP Solutions Reducing Costs ERP and ERP Solutions Reducing Costs and Streamlining Operations Companies all across the board are getting squeezed by higher costs of goods and services and the increasing demands of consumers. In general, businesses have always understood that it takes money to make money, however, with the current global environment and the [...]
ERP Software Helps You Manage Overhead Costs A major part of manufacturing costs are overhead costs. Broadly defined, overhead costs are costs related to manufacturing which do not add intrinsic value to the product. Some processes are value added and some are not. Some examples using production of balls are used as follows; Taking raw [...]
Auto recurring billing enables businesses to automatically bill customers for balance due without sending invoices or obtaining payment information each any every time money is collected. With recurring billing programs businesses can utilize any electronic payment process including direct-debit ACH transactions and credit/debit card transactions. In addition, when businesses convert legacy payment systems to auto-recurring [...]
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