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Showing posts from August, 2020

5 Reasons to Stop Using Spreadsheets

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  Spreadsheets have grown to be a common tool for many professionals across various fields. In fact, you may very well have an excel spreadsheet file on your computer as you read this blog post. While there is no denying some of the benefits offered, the reliance on spreadsheets may actually be doing more harm to your business than good. With the slew of new specialized technologies emerging, spreadsheets are no longer the irreplaceable tools they once were. In this blog post, we will discuss 5 reasons for you to leave spreadsheets in the past and consider some alternative solutions. Difficult to Scale and Grow  For business owners, it can be easy to utilize spreadsheets for your various business processes. After all, they are less costly and seem to do the job for the time being. The tool has become widely adopted due to its versatility, however many organizations find themselves  rapidly outgrowing  their spreadsheets.  It’s one thing to keep track of customer...

Four Key Areas Where ERP Integrates with Business Processes

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  In today’s business landscape business owners are bombarded with a variety of software solutions and tools. Although, many of these tools are created by different providers and do not easily integrate with one another. We at BAASS understand these difficulties and we have worked with a variety of businesses over the years to create custom integrations and/or find tools capable of serving the need and integrating with the Enterprise Resource Planning (ERP) solution. What is an integrated business process? An  integrated business process  is when you have a connection or integration where two systems are sharing data in an effort to improve a specific area of your organization. Most commonly understood with ERP software and the integration between it and another software solution. Here are four business areas where your existing ERP can be joined with other areas of your business to improve your business processes. Customer Service There are a variety of benefits ERP can ...

Keep These KPIs In Mind As You Get Back To Business

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  Businesses are beginning to reopen , but as we know -- this is a gradual process, as many are trying to take the appropriate precautions while doing so. With the business landscape filled with uncertainty due to COVID-19 and potential second waves, it is  important to remain vigilant and agile . Key performance indicators (KPIs) are a critical aspect of tracking and evaluating your organization’s progress towards achieving business objectives. KPIs can be implemented across an organization’s various departments and levels. The changes in place to reduce the spread of the virus have made it paramount to keep your KPIs updated, ensuring that they are still relevant to your organization and its goals. During this process of reopening, KPIs can contribute to keeping your business on track.  While there are thousands of KPIs that you can track, it’s important to narrow down the scope of your KPIs to ensure that they align with your organizational goals. For this reason, we w...

Cash Flow and Getting Back to Business: 6 Things to Keep in Mind

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        Changes to business activities due to the COVID-19 pandemic have left many business owners experiencing a decrease in cash flow. Although adopting new tactics have helped to remain in business, it is important to look at ways to get cash flow back on track while working towards normal business operations. To do so, it is imperative that business owners consider a new strategy for current economic events and make modifications to past operating and financial activities. This blog will cover 6 things to keep in mind when trying to improve cash flow consistency in these uncertain times. 1.  Understand What is Cash flow In order to improve cash flow, it is important to understand what it is. Cash flow  is the measurement of net cash and cash-equivalents being transferred in and out of a business during a specific period of time. Cash flow helps to determine a company's health, capacity to pay liabilities and ability to create value for shareholders. Pos...