Author: AJ Amjad Khanmohamed
Procure to Pay Process
Contract requisitions and purchase orders are necessary for competent management and control of obtaining products both internally and externally for your business to perform successfully. A purchase requisition is an internal document presented to the purchasing division. It describes the supplies to purchase from an outside merchant. Information Contract Requisitions Need: Purchase requisitions differ from each business but most commonly demand certain necessary data: Department requesting Classification and quantity of items requested Proposed cost of items purchased Vendors name Approver or the one who Denies a Contract Requisition Order: Ir will be the purchasing department who will approve or deny…
Read More »Order to Cash
Old-fashioned OTC processes have issues that cost big bucks. They often lack detailed inventory information, delay invoices, or don’t integrate with other important systems. These small inefficiencies prevent you from growing your business. Reduce the time spent on redundant or incorrect information. Improve your client satisfaction and increase your cash flow with our OTC specialists. One client saw their average order processing time go from 43 minutes to a mere 11 seconds after consulting with our OTC experts. What is Sales Order Processing? Sales order processing is a series of actions that a business uses to fulfill a customer purchase….
Read More »Sales Order Processing
Sales Order Processing A sales order application system comprises the procedures involved in accepting and shipping customer orders and preparing invoices that describe products, services, and assessments. The sales order is the interface between the various functions necessary to process a customer order. These functions are sales order, credit, finished goods, shipping, billing, accounts receivable, and General ledger. Sales Order The sales order function initiates the processing of customer orders with the preparation of a sales order. The sales order contains descriptions of products ordered, their prices, and descriptive data concerning the customer, such as name, shipping address, and, if…
Read More »Inventory Management: 10 Fields that can Build or Break Your Business
Inventory Management: 10 Fields that can Build or Break Your Business Inventory generally signifies a large portion of your assets, if not the biggest. If your business handles any inventory, then your Inventory Management system’s abilities can efficiently make or break your business. In a retail environment, a company must purchase, store, and then sell items to customers. You may never lay hands on the products due to handling or drop shipping in a distribution company. Your inventory may only be made up of the items you purchase as raw materials in a manufacturing environment. Minimizing investment in inventory while…
Read More »Biggest Hacks in 2020
Worldwide losses from cybercrime skyrocketed to nearly $1 trillion in 2020. That’s more than the net worth of most countries.Run a quick search and you’ll be surprised at how many hacks occur every week. Modern security is the best it has ever been. Unfortunately, hackers are motivated to be one step ahead of all of us. Breaches resulting in credit card information hacked by the millions are quite common. Even the pandemic hasn’t slowed them down. According to zdnet.com, the switch to businesses using remote employees has changed the hacking landscape. In 2020, up to 20% of all cybersecurity attacks…
Read More »Are You Protecting the Right Data with the Right Backup Solution?
Backup Disaster Recovery is something all businesses need to have in case of disaster. Whether it’s a natural disaster such as a tornado, a hardware failure, or even an attack from a hacker, you need to be protected. Any one of these could permanently disable your business if you aren’t prepared with a proper backup solution plan. For those of you still backing up data manually on tapes, or not at all, we hope you have read our previous blogs and are ready to add a BDR to your safety net. You’re finally ready to purchase a BDR. You’ve done…
Read More »The Order of Things: Day End Processing
As we continue to explore the Inventory Control module in Sage 300 ERP, this week’s blog is going to outline the order that Day End Processing takes once you run it. The main purpose of Day End Processing (DEP) is to move a lot of processing away from dataentry. You would use DEP to update your Inventory Control data, the transaction and audit data for Order Entry and Purchase Orders. When you post Inventory Control transactions, the program always updates the affected item quantities in your system, so you always know what you have in stock. Also, there is a…
Read More »You may be new to returns but not your business.
If you’re new to using Managed Returns, here is some support to help you understand theManaged Returns primary features and functionality. Introduction to Avatax: Get an overview of each tab in AvaTax and your account’s basic setup.Set_up_AvaTax_Update Schedule Returns: Set up the tax return forms’ filing frequency for each state your company files. Your scheduled returns give us the data needed to file on your behalf and show each scheduled filing detail.Schedule_returns Manage your return schedule: The summary of your monthly tax activity and liability by state gives up-to-date financial data for analysis and reconciliation with your business application.Edit_your_scheduled_returns Manage…
Read More »Configuring the Sage 300 Portal Database
About Creating System, Company, and Portal Databases Sage 300 classic desktop screens and Sage 300cloud web screens both support using SMTP (Simple Mail Transfer Protocol) to send documents via email. You can set up your SMTP server or use an SMTP service such as SendGrid. If you prefer, you can set up Sage 300 desktop screens to send email using Microsoft Outlook. However, Sage 300cloud web screens can send email only via SMTP. For both Sage 300 desktop screens and Sage 300cloud web screens, you use the Email tab on the Company Profile screen to enter the default email settings…
Read More »Sage 300 2021 – Upgrade Guide
This Upgrade Guide provides instructions for upgrading earlier versions of System Manager and applications to Sage 300 2021. You should review the following sections carefully to ensure that the upgrade proceeds smoothly: • Minimum System Requirements• Version Compatibility• Upgrading from Version 5.5 or Earlier• Applying for Activation Codes• Before Upgrading to Sage 300 2021• Upgrade Steps• After Activating• Configuring Sage 300 Web Screens You should refer to the Sage 300 2021 Release Notes for information about changes and new features in this version and supplementary information and information that was not available when this Upgrade Guide was published. If you…
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