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It's not all about the money, money, money!

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There's no doubt - managing your business has to be about managing the money. How and when it flows in, and how and when it flows out. You need to feel confident that you are able to manage the cash simply and accurately - every step of the way, and all of the time.

Having the right tools to track and manage your cash is fundamental.

  • A cash-flow calendar that lets you look back or look ahead to see how your funds flow in and out of your business.
  • Bank reconciliation tools that give you a clear look at your actual cash on hand as well as all your deposits and debits across all your bank accounts.
  • Ability to track account receivables to make sure you're getting paid as quickly as possible.
  • Simple, out-of-the-box reporting to pull a list of customers whose balances are over a threshold you choose, so you can make a decision on how best to manage them.

However, to create and mange a growing business, it's not all about just the money. A growing business needs insight and control over all its data and processes in order to reduce risk and maximise opportunities. That's what Enterprise Resource Planning (ERP) is all about. ERP is business management software that companies can use to collect, store and interpret data from its everyday business activities. A good ERP solution can be applied across all aspects of a company's core business activities - product planning, manufacturing, marketing, sales, inventory management and more, including finance and cash flow of course. But it's not just about the money.

Despite the "E" in its name, ERP isn't just for large companies - it's for Small and Medium Businesses (SMBs) too. ERP software is both flexible and scalable, enabling SMBs to be nimble and compete effectively whilst expanding with the business as it grows.

Businesses that use ERP perform better

ERP is important to SMBs for other reasons as well. It's the goal of every business to perform well and succeed. Businesses that use ERP perform better than those that do not. A report from the Aberdeen Group analysed just that - how SMBs that used ERP performed in comparison to both industry averages and other SMBs not using ERP. SMBs using ERP outperformed those that did not in every category measured: days to close a month (issue invoices, collect cash, make decisions), inventory accuracy growth in operating margins and customer retention.

Microsoft Dynamics NAV® is an ERP solution specifically designed for SMB organisations. It helps and supports them make the right decisions about managing their businesses - turning data into useful reporting and business intelligence. Your teams will also find Microsoft Dynamics NAV simple and easy o use because it looks and feels similar to other Microsoft products that they may already use. It is fully integrated with Office365 and applications such as Microsoft Word and Microsoft Excel.

To find out more about Microsoft Dynamics NAV for small or mid-sized businesses, and see why it is not just about managing the money, take a test drive or visit the website.