Why You Should Integrate Your Inventory Management System with Your Back-Office System

Inventory management is about knowing the level of stock you have in your warehouse. Nonetheless, your stock control software alone can’t streamline your processes unless it’s integrated with your accounting and back-office systems. It also can’t ensure that the inventory value on your financial reports matches the value of the physical inventory.

Today’s companies integrate their stock control systems with their accounting and back-office operations to optimize inventory management. Integration minimizes labor cost, provide a competitive edge, and minimize errors associated with manual reconciliation. It requires a business to assess its needs and future growth plan for it to determine the right medical inventory management software. Your integrated medical inventory management software must be scalable, transparent, real-time, reconcilable, and flexible for you to achieve maximum benefits.

Why Integrate your Inventory Management System with Your Accounting and Back Office Processes?

Integrating your stock control system with your back-office and accounting … READ MORE ...

Although cloud-accounting has been around for some time now, some entrepreneurs have not yet fully embraced the idea of taking their data to the cloud. Thanks to applications like QuickBooks, cloud-accounting makes it possible for entrepreneurs to optimize and grow their businesses. To help you understand how, here are a few of the benefits offered.

Reduced costs

Cloud-based solutions can help bring your business resources together, allowing these to be reallocated or shared as needed to more of your employees and clients at a cheaper cost than what it would take to build and maintain your own server. Additionally, your vendor will manage the storage, connectivity, licenses and servers, reducing the level of administration required to do so onsite.

Scalability

Hosted service providers usually have a utility pricing structure that makes it easy for businesses to add licenses and users when needed and reduce the user count when said licenses … READ MORE ...

Financial TechnologyFinancial Technology Partners regularly publishes detailed investigation highlighting essential trends driving marketplace activity across the FinTech Landscape. The far far more exciting improvement, in my opinion, is the inclusion of biometrics in the iPhone 5s. The fingerprint identification technologies removes the need for a passcode to unlock the screen, and consequently paves the way for mainstream customer familiarisation with biometrics.

Years after getting his MBA from Stanford and functioning in private equity, Peter Lehrman began the enterprise a handful of years ago simply because he believed there was a improved way to assist middle-market providers and entrepreneurs seek financing from banks and investors or seek M&A assistance from investment banks and advisory firms.

Rather than offering several equity lines of credit and free credit cards, the future is all about assisting buyers make smarter monetary decisions , encouraging them to save income and presenting far more financially sound as nicely … READ MORE ...