Sage recently released a whitepaper titled, "Improving ERP Usability: How Intuitive ERP Drives Productivity, Improves ROI, and Enhances Collaboration." The whitepaper talks about the difficult to use yet sophisticated, traditional ERP systems; the modern ERP systems that improve user experience, and the benefits of ERP systems in today's world. This is a good whitepaper to read if the word ERP makes you cringe. Today's strategic organizations look to their ERP solutions to automate and support decision-making across the organization. They implement solutions that incorporate a wide range of capabilities that improve usability and address demands. Take a look at today's ERP systems, or give contact us to continue this discussion.
BTerrell Group Blog
Most insurance industries need to consolidate data from back-office systems that may include claims management, policy management, and application management with Optical Character Recognition (OCR) and document management capabilities. With Sage ERP Accpac (soon to be called Sage 300 ERP), you can benefit from functionality that allows you to accomplish these goals, so you can:
- Provide your employees, agents, and customer service representatives with a holistic view of your customers' portfolios.
- Create better service, up-sell, and cross-sell opportunities.
- Create targeted marketing campaigns and activities through key attribute profiling.
- Complete document management and OCR capabilities for storing all documents, such as insurance and ID certificates.
- Use Sage CRM to streamline sales channels, including brokers, agents, call centers, and employees. You can even create a self-service portal.
To stay competitive in today’s global economy, you need more than simple financial accountability and compliance. Financial-based businesses all depend on real-time visibility, collaboration, agility, and most of all compliance in order to achieve success. With Sage ERP Accpac (soon to be called Sage 300 ERP), you benefit from functionality that allows you to:
- Focus on improving customer care through workflow and tasks managed by Service Level Agreements (SLAs).
- Eliminate information silos caused by disparate systems and get a holistic view of the company, allowing you to integrate with legacy operational systems to get a consolidated history of your customer.
- Analyze data for cross-sell and up-sell opportunities while delivering better service and improved productivity through coordination of products and resources.
- Attract and retain customers as well as extend services into existing customer relationships.
Contact us today to learn more about how we've helped others in your similar situations by relying on the rock-solid financials, reporting, and business intelligence and transactional analysis capabilities of Sage ERP Accpac.
In last Friday's blog entry we talked about the benefits of the Sage ERP Accpac Project and Job Costing module. Today we'll take a look at some of the features that will give you a big picture view of how the module helps companies like yours.
Automated Project and Job Costing
Get in-depth project data that can be easily tailored to your business needs. Quickly define a hierarchy of project levels and transaction types to track and report costs and profits for any size project. Manage contracts or jobs to three levels—contract (job), project (phase), and category. You can specify the cost account to be used in cost transactions for each category and use as many as five segments in your contract numbers to represent types of contracts and divisions. Enter burden and overhead associated with your projects manually or you can define formulas for automatic calculation of these costs. Specify whether to generate item or summary invoices for fixed price projects that use a billings and costs or accrual-basis accounting method. Mix and match the project types and accounting methods for very complex or simple projects. You can even define your own fields to store additional project-related data. These flexible capabilities enable you to assess projects at each phase in order to keep costs and resources on track.
Flexible Estimates, Billing, and Profit Recognition
Tighten control over your project cycle—from calculating an accurate bid to delivering products on schedule. Historical and project data is readily available for estimating expenses and resources accurately. Set up complex estimates by specifying the quantity, unit cost, and billing rate for each staff member, material, subcontractor, equipment, miscellaneous item, and overhead expense allocated to the project. Comprehensive billing and revenue recognition processes with multiple accounting methods for your specific project accounting requirements—update revenue and cost estimates at any time with a full audit of the changes. Assign cost categories and automatically calculate cost and revenue estimates per cost category, or simply define the cost and revenue estimates for each project category. Enable employees to manage their time and billing records from any location (on-site or at the office) by entering timecards, using an Internet browser–you can even have timecard information integrate to Payroll. You can also easily recognize and take profit revenue at any time in the accounting cycle, based on GAAP requirements and your business requirements.
As a fully integrated solution you can expand your project management even further with streamlined integration to Sage ERP Accpac Inventory Control, Accounts Receivable, Accounts Payable, Purchase Order, and Payroll modules. These applications work seamlessly and synergistically to contribute valuable insights to project costing analysis. Costs and system-calculated burden, overhead, and profits are posted directly to the general ledger. Save time by defining details to be used when creating billing invoices in Accounts Receivable. You can also purchase or bill for products in any currency and have the cost flow into Project Costing in your home currency. From the details to the big picture, you’ll be equipped to capitalize on the insights behind the numbers and keep your company on track for success.
Comprehensive Reports and Inquiries
With Project Costing, you can generate customizable reports based on the most up-to-date business intelligence. Identify problems before they occur by reviewing critical details of each project’s activities at any point in the project cycle. Reports by project and phase can compare and contrast budgeted versus actual resources spent on different projects, enabling you to determine which are profitable and which are not. Additionally, you can pinpoint the most costly phases of your project so improvements can be made to maintain profitability. With the easy-to-access inquiry screens you can review the current state of each of the projects, including viewing project status, profitability, and estimate-to-actual comparisons. You can also navigate through the projects and categories within the contract using the optional tree view and drill down to the originating transactions.
Secure Business Integrity
Safe, secure, and controlled—protect the sensitive information in your business. Sage ERP Accpac assures comprehensive security at variable levels, protecting your highly sensitive project data from unauthorized access or manipulation.
Sage ERP Accpac Project and Job Costing delivers efficient management of estimating, tracking, costing, and billing of projects—simplifying cost control and planning so you deliver on time and on budget, every time.
If you’re like many project managers, you spend a great deal of time and effort trying to get a handle on elusive project costs. Effective project management requires a high level of communication between all entities involved, so you can know what materials and costs have been ordered or delivered and who has been billed. Not to mention tracking other resources, such as time spent on each project or job. Currently, you are trying to manage projects and jobs manually and are most likely juggling a variety of spreadsheets, spending too much time on manual reporting and communications, and often costs are spiraling out of control.
Sage ERP Accpac Project and Job Costing makes it easy for you to estimate projects, enter and report costs, and track billings, payments, and profits. With categories that are easily customized to meet virtually any specification needed, it’s flexible enough to manage large or small projects for any business environment. Best yet, you won’t need to retrain your staff as project information can be entered in transaction entry screens within Sage ERP Accpac modules. Featuring streamlined integration with key Sage ERP Accpac modules and extensive custom reporting capabilities, Project and Job Costing puts you in control of project costs with better tracking, enhanced efficiency, and greater accuracy.
The Bottom Line
With Sage ERP Accpac Project and Job Costing, you get efficient and effective project and job costing without breaking your budget, straining your internal resources, or compromising on functionality. With the automated tracking, estimating, billing, and reporting—and the cost benefits of dramatically streamlined processes—you will have the insight you need to control costs and boost profits.
Benefits of Sage ERP Accpac Project and Job Costing
- Automated Project and Job Costing
- Get the efficiency of automated project and job costing without breaking your budget, straining internal resources, or compromising on functionality.
- Flexible Estimates, Billing, and Profit Recognition
- Maintain profitability using comprehensive budgeting and profit analysis tools to determine if projects are on track, costs are in line, and resources are properly allocated throughout the project.
- Seamless Connectivity
- Easily connect with other Sage ERP Accpac modules to eliminate the need for data reentry to lower the risk of errors and improve data accuracy.
- Comprehensive Reports and Inquiries
- Easily accessible reports and drill-downs provide detailed, summary, and exception reports to exceed project and job costing requirements.
- Secure Business Integrity
- Protect your most valuable asset - your data. The tight securing of Project and Job Costing ensures that your vital information is protected.
Contact us to discuss whether PJC or Sage ERP Accpac with PJC would benefit your business, and stay tuned for a follow-up blog with more details about PJC!