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Cost Savings Resources

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Win-Win Fixed Asset Management: Integrating Sage FAS With ERP Systems

When businesses implement Enterprise Resource Planning (ERP) systems, they also face the decision of whether to manage fixed assets via an add-on module from the ERP vendor, or a dedicated fixed asset management solution. While ERP systems are excellent at integrating financial information and automating customer order data, fixed asset management is not the main development focus ...

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Getting Your Money’s Worth from Fixed Asset Software

If you scan recent business headlines, you will find frequent examples of inaccurate fixed asset management causing headaches for corporations, government entities, and nonprofit organizations. Federal law requires publicly-traded companies and government entities to keep accurate fixed asset records. If your organization uses homegrown spreadsheets to track fixed assets, it may ...

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Best Practices for Fixed Asset Managers Developing solid techniques for proper management of fixed assets

In the world of accounting, the savings potential of improved fixed asset management is often overlooked. Sound fixed asset management can yield substantial tax savings in depreciation deductions. Conversely, sub-optimal fixed asset practices can threaten the accuracy of financial reports and negatively impact your bottom line.

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The Cost of Spreadsheets in Fixed Asset Management

Assets like land, buildings, transportation, and manufacturing equipment represent the largest investments most companies make. While sound fixed asset management can lead to a substantial tax savings in depreciation deductions, poor fixed asset practices can threaten the accuracy of financial reports, causing re-reporting and negatively impacting the bottom line.

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Document Management Saves Non-Profits Money

Perhaps no other industry has been hit harder by the economy than nonprofits. They are getting a double hit: more clients, less money. It isn't often that ADDING a new process will lower expenses. But the exception is the new buzz - document management.

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To Ten Ways to Improve Collections

Top ten ways to improve on collections effectively and swiftly.

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Fostering Internal and External Collaboration

In the ongoing effort to operate a successful business, companies continually seek opportunities to cut costs and increase profits. Naturally, they often look first to their own internal operations to find ways to streamline processes and integrate information flows from different locations – and often from different countries – in an effort to manage them more efficiently.

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Paycards: Flexible Electronic Payroll for All Employees An overview of payroll card benefits and considerations for employers.

According to the American Payroll Association, businesses pay between one and two dollars to issue each paper paycheck. Conversely, an electronic transfer of payroll costs about twenty cents per employee. Based on these statistics, a company with 300 employees paying $2 per bi-weekly paper paycheck could enjoy an annual savings of over $14,000 if all employees received paperless ...

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RFID: When is the best time to consider a solution?

It's rare to pick up a business publication these days without reading a story about RFID (Radio Frequency Identification). This new technology received scant attention until Wal-Mart's announcement mandating its implementation and use by their key suppliers. Since then, compliance mandates have been issued by other industry giants like Target and Home Depot.

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Optimize Your ERP System: How to Avoid the Implementation Sins

Enterprise resource planning (ERP) systems offer much potential to improve your way of doing business. By providing accurate, real-time information throughout your supply chain, an ERP system can help your company be more competitive. Seamless integration of information flows across all departments through a centralized database, provides a unified view of the business, and enables ...

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