+ Challenge No. 1 Inefficient inventory management
Challenge
Inefficient inventory management. Customers are disappointed by stock-outs on popular items and may take their business elsewhere while your working capital is tied up in slow-moving inventory that is gathering dust in the warehouse.
Solution
Sage Inventory Advisor is designed to provide Sage 500 ERP 2013 and 2014 customers with a daily diagnostic of the inventory that makes a difference to the bottom line and resolve the optimal investment required to achieve target fill rates. By continuously monitoring all the risks inherent in the inventory and setting optimal safety stocks to mitigate those risks, Sage Inventory Advisor frees up capital while improving fill rates. Reduce excess inventory, improve fill rates, and eliminate stock-outs with Sage Inventory Advisor.
+ Challenge No. 2 Accessing additional revenue streams
Challenge
The endless search for new revenue opportunities. It’s a challenge as old as business itself!
Solution
Gain access to the rapidly growing marketplace of companies that require electronic funds transfer (EFT), like some government agencies and nearly all big box retailers. The demand for convenience and speed has made EFTs the fastest-growing form of payment in the market. The ACH is the largest processor of EFTs in the country, handling close to $40 trillion in debit and credit card transactions each year. Tapping into a connection to so many new B2B and customer connections—that’s a big opportunity. Sage 500 ERP 2014 connects.
+ Challenge No. 3 Incorrect entries
Challenge
Incorrect entries happen no matter how careful you and your staff are. They can lead to misinformed service reps, customer frustration, erroneous statements, inflated finance charges, and potential credit limit problems.
Solution
The new “Reverse Applications” task in Sage 500 ERP 2014 simplifies the process of reversing an incorrect application of a memo, payment, or invoice. When errors are detected, accounting staff won’t wait until they have time to do the cumbersome, manual process. Instead, they can correct the error immediately—without sacrificing productivity.
+ Challenge No. 4 High transaction processing costs
Challenge
High transaction processing costs; inefficient financial performance, visibility, and lack of control. Often these issues stem from the slow, multistep ordeal of processing paper checks.
Solution
In the “Generate Shipments” task in Sage 500 ERP 2014, the shipment number is now displayed. And sales order numbers associated with invoice line items are now printed on the invoice itself. That reduces the need to flip through multiple screens or run reports to find that crucial data!
+ Challenge No. 5 Improving processing time of sales
Challenge
The speedy processing of sales orders and shipments are hindered when information can’t be accessed readily. The same problem applies when information is needed for customer service.
Solution
In the “Generate Shipments” task in Sage 500 ERP 2014, the shipment number is now displayed. And sales order numbers associated with invoice line items are now printed on the invoice itself. That reduces the need to flip through multiple screens or run reports to find that crucial data!
+ Challenge No. 6 Contact management bogs down
Challenge
Contact management bogs down when your email address field is 40 characters long and you have contact addresses over that limit. Consulting your paper list of the long ones is a hassle!
Solution
Sage 500 ERP 2014 expands the email address field to the industry standard 255-character length. The expanded email address capability applies to all customer, vendor, and business contact records across the entire Sage 500 ERP 2014 release.