excellium_webadmin

As your business grows, managing your operations can become more challenging. In today’s fast-paced business world, having an effective enterprise resource planning (ERP) system is essential to stay ahead of the competition. An ERP system helps businesses to streamline their operations, manage their resources effectively, and make data-driven decisions. However, with so many ERP systems available in the market, it can be challenging to choose the right one. In this article, we’ll take a closer look at 2 popular ERP systems (Odoo and Sage 300 Cloud). Odoo: Odoo is another open-source ERP system that offers modules such as accounting, inventory management, CRM, HR, and eCommerce. It’s suitable for small to medium-sized businesses and is known for its modular approach, allowing businesses to customize the system according to their needs. Odoo has a user-friendly interface and offers a wide range of features such as project management, timesheets, and expenses. It also offers a mobile app, making it easy to access data on the go. Sage 300c: Sage 300c is a popular ERP system designed for mid-sized businesses. It offers various modules such as accounting, inventory management, distribution, supply chain management, CRM, and manufacturing. Sage 300c is known for its robust financial management features, making it an ideal choice for businesses that require a reliable accounting system. It offers features such as multi-currency, multiple tax structures, and flexible financial reporting. It has a business intelligences tool that allow you to collaborate, you get selective access to the data you want to view and allow others to view. This serves to identify, analyze, and prevent possible problems. Sage 300c also integrates with other Sage products, making it easy to expand the system as the business grows. Sage 300c allows you to work seamlessly from anywhere in the world and at any time. All you need is an internet connection, thus ensuring that you remain competitive at all times in the market. Sage 300c is one of the easiest and most practical systems to use. It’s exceptional and user-friendly management system gives you complete control over business operations. Sage 300c is also flexible and can adapt to your specifications. Choosing Sage ERP over Odoo ERP System: Choosing the right ERP system depends on various factors, such as business size, industry, budget, and specific needs. Here are some advantages of Sage ERP to consider when choosing an ERP system: 1. Business Size: Choose an ERP system that’s appropriate for your business size. If you’re a small to medium-sized business, Sage ERP could be a good option. 2.Industry: Sage ERP system is designed for all industries. Some ERP systems are designed for specific industries, such as manufacturing or retail, and offer features tailored to those industries. 3.Budget: Sage ERP is cost-effective option that fits your budget. 4.Specific Needs: that meets your specific needs. Evaluate each system carefully and assess which one aligns with your business needs and long-term goals. In summary, if you’re medium-sized business with a limited budget, Sage 200 Evolution could be a good option. If you’re a large-scale business looking for a robust financial management system, Sage 300c could be the right choice. If you’re a large enterprise with a significant budget and complex business needs, SAP may be the best option. However, it’s crucial to evaluate each system carefully and assess which one aligns with your business needs and long-term goals.

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Benefits of Sage Enterprise Resource Planning

Accounting / excellium_webadmin

Enterprise Resource Planning (ERP) systems have become increasingly important in the modern business world operations, as they help companies to manage their resources, streamline their processes, and make more informed decisions. These powerful software solutions provide a comprehensive and integrated view of a company’s operations, allowing businesses to optimize their performance. In this article, we will explore what are the benefits of Sage ERP system is, how it works, and why it is important for businesses. What is an ERP System? ERP systems bring together various aspects of a business’s operations, such as inventory and order management, accounting, human resources, customer relationship management, supply chain management, procurement, and project management into a single, unified system. This integration allows businesses to streamline their processes, increase efficiency, and gain valuable insights into key performance indicators (KPIs) in their business processes. How Does an ERP System Work? ERP systems typically consist of a central database that stores information about all of the company’s resources, such as inventory levels, sales data, and customer information. This data is then used to generate reports and analytics that can help business owners make more informed decisions. ERP systems also typically include modules that are tailored to specific business functions, such as finance, human resources, inventory management or supply chain management. These modules are designed to work together seamlessly, so that data can be shared between them and processes can be automated. In today’s rapidly changing business environment, having a robust and efficient ERP system is crucial for the success of any organization. An Enterprise Resource Planning (ERP) system is an integrated software solution that enables businesses to streamline their processes and manage their resources effectively. What are the benefits of Sage ERP system in modern-day businesses. Improved Efficiency Sage 300 ERP systems provide businesses with a comprehensive and centralized view of their entire organization. By automating key business processes such as accounting, inventory management, and order processing. Sage ERP help to eliminate redundant tasks, reduce errors, and improve overall operational efficiency. Cost Savings By automating key business processes and improving efficiency, Sage ERP systems can help businesses to save costs Streamlined Operations Sage ERP systems help organizations to streamline their operations by integrating their business functions. This means that all departments can access and update the same information, eliminating the need for multiple databases and manual data entry. This leads to reduced data duplication, faster data processing, and improved data accuracy, all of which help to streamline operations. Improved Decision Making Sage ERP systems provide real-time information on business operations, which helps managers make informed decisions. By having access to up-to-date information on inventory levels, sales, financials, and other business metrics, managers can make informed decisions that drive organizational growth. This data can be used to make informed decisions about inventory management, sales forecasting, and production planning. ERP systems enable businesses to respond quickly to changing market conditions and stay ahead of the competition. Enhanced Collaboration Sage ERP systems facilitate collaboration among departments by providing a shared platform for all users. This makes it easy for teams to work together on projects, share information, and communicate effectively. Improved collaboration leads to better teamwork, faster problem-solving, and ultimately, better results. Increased Productivity Sage ERP systems automate repetitive tasks such as data entry, which frees up employees to focus on more value-added activities. This leads to increased productivity, reduced errors, and faster turnaround times. Better Customer Service Sage ERP systems provide real-time information on customer orders, deliveries, and inquiries. This makes it easy for customer service representatives to respond quickly to customer requests and provide accurate information on order status, shipping, and delivery times. This improves customer satisfaction and helps to build long-term customer relationships. Improved Financial Management Sage ERP systems provide a comprehensive view of an organization’s financial performance. This includes real-time information on sales, expenses, profits, and cash flow. By having access to this information, managers can make informed decisions on financial matters such as budgeting, forecasting, and investment decisions. In conclusion, Sage ERP systems are a valuable tool for modern businesses of all sizes and industries. It helps companies to integrate various aspects of a business’s operations into a single, unified system. Sage ERP systems helps companies to increase efficiency, improve decision-making, and gain valuable insights into key performance indicators.

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Did you struggle with your business in 2022? Do these 5 things and watch your business grow in 2023!

Accounting / excellium_webadmin

Did you struggle to grow your business in 2022?Did you notice that there were a lot of areas in your business where success and failure rates were higher or lower? It’s that time of year again when business owners and accountants sit down with their books to carefully analyze and document the expenses they incurred throughout the course of the year while also wondering where all the money went. As you round up your business operations for the year, track your annual spending, analyze your income, and calculate your debts. Did you notice multiple areas in your business that had ups and downs? Figuring this out will pave the way for future growth and allow you to return to your vision board to rebrand if necessary. We have highlighted five crucial areas of your business that can be focused on in 2023 for your business to experience growth. To watch your business grow in 2023, focus on these five areas below: Quality in a product or service is not what the supplier puts in; it is what the customer gets out and is willing to pay for. What makes a “quality” product is not based on how hard it is to make or whether or not it costs a lot of money, as manufacturers typically believe—this is incompetence. Customers pay only for what is of use to them and gives them value. Nothing else constitutes quality. – Peter F. Drucker. 1. PROVIDE QUALITY PRODUCTS/SERVICESProviding quality products and services at every level is essential for your business to grow. A business should check the value or potential of any service, activity, choice, or action and offer quality products or services; it is important to do proper research. Your product or service must be of good quality; if not, it can be rebranded. In 2023, you should focus on improving the brand and reputation of your business through quality management, which can also protect it from hazards, raise productivity, increase revenues, reduce waste, and put it in a position to expand further. When this is settled, it results in confident employees and happy clients. 2. CUSTOMER EXPERIENCE Creating a great customer experience for your business is an important element for any business to grow. The customer experience is greatly enhanced by providing exceptional delivery services. “Customer experience” refers to the entire interaction a customer has with your brand, from the time they first contact you until they make a purchase. The question to ask yourself is, “How do customers perceive my brand?” and “What impressions do I leave in their minds?” Once this is clearly answered, you need to figure out what you want your customers to experience once they contact your brand. If a customer is pleased and you are able to win their trust, you can be sure that they will recommend you, and recommendations can spur growth. 3. AUTOMATE YOUR BUSINESS PROCESSESIntroducing business automation to your business makes your business processes seamless. Nowadays, managing business operations manually can be stressful, and the results are prone to errors. With the rise of business automation, your routine activities are taken care of, freeing you up to concentrate on other, more difficult jobs. Business automation is important for various parts of your business operations, such as supply chain management, HR and marketing, or every unit or department of your business. As you carry out a review of how the year 2022 went, you can decide which areas of your business can be automated in 2023. This step will help elevate your business organically, as you will be able to view all your business operations with the click of a button. 4. KEEP YOUR STAFF MOTIVATED “Teamwork makes the dream work”Recognition and feedback are key to motivating employees in an organization. The secret to a highly motivated team is having a solid grasp on each staff member; understanding their strengths and weaknesses, and giving them tasks with that in mind while customizing feedback and praise to suit their specific needs. Once your staff stays motivated, they will be the first evangelists for your business. Motivating your staff makes it easy for the company to meet its goals; it leads to increased productivity in the workplace and also allows the organization to achieve great revenue. 5. OUTSHINE YOUR COMPETITORS Standing out among your competitors means you must be offering something unique compared to what they do. This implies having excellent customer service, high-quality goods at reasonable costs, and access to goods and services. Everything should be done in a unique way to make your brand stand out. Let your brand speak for itself. From deciding on the colors for your brand to the unique difference in your product or services, let it be a defining moment for your company/business. Discover your unique selling point and outshine your competitors. And more importantly… As the year 2023 approaches, it is important to remember to work smart, not hard! I am certain you are wondering how one does that, but this simply means introducing software solutions to your business processes, which help reduce the workload of having to handle multiple business operations all at once. There are several areas of your business that may be improved with the right accounting software tailored to suit your needs, and with all the points listed above, you can be sure that your business will experience growth. Are you willing to make your business grow in 2023 after making these observations, this year? To take the next step to grow your business in 2023, you can send us a message, our consultants are willing to assist you.

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5 Areas of your business you can improve NOW

Accounting / excellium_webadmin

I am certain you are asking yourself, “Why the need for accounting software?” to improve my business?” Improving your business processes with automation is a smart move to make as a business owner. It frees up your time so you can concentrate on other time-consuming duties, ensures accuracy, and helps you manage the repetitive tasks that crop up frequently. In addition to helping your business develop, it is also accessible. Automate these 5 areas of your business using Sage Business Cloud Accounting.1. Budget. 2. Customer transactions—quotes, invoices, receipts, reports, etc. 3. Tracking inventory items 4. Project (Analysis Codes) 5. Vendor ManagementAssets. 5 folders and 5 icons for areas 1. BudgetBudgeting by hand rarely results in success. The tedious process of manually creating, disbursing, gathering, and merging records results in mistakes and omissions and will not improve your business. Budgeting is vital, particularly if you’re just starting up a new business, and it’s difficult to do manually. The accounting software allows you to compare how much you’ve spent against your original budget. On Sage Business Cloud Accounting software, you can view your budgets using the Budget Report provided by Sage’s budgeting tool, compare actual business results to your budgeted results, and swiftly create and manage budgets, which gives small businesses far more planning flexibility. 2. Customer Transactions Manually creating quotes, invoices, receipts, and reports is a relic of the past, but with the SBCA (Sage Business Cloud Accounting) software, you can easily raise quotes and invoices, issue receipts, and get insightful reporting on all transactions that are carried out in your business. 3. Tracking Inventory Items With the SBCA (Sage Business Cloud Accounting) software, you can manage your inventory and track it using serial numbers. Avoid running out of stock. By replenishing inventory automatically with Sage Business Cloud Accounting, accounting automation systems will help your business perfect its inventory levels. 4. Project (Analysis Codes) In your business, you can track revenue and expense transactions based on specific criteria, such as business units or locations. With the Sage Business Cloud Accounting software solution, you can analyze the performance of your business at every project level. With others like; 5. Assets: It helps you categorize your assets. You get a comprehensive list of your assets and where they are situated. Your fixed asset management will process more quickly and with greater accuracy, if it is automated. Sage Business Cloud keeps records to enable scope-to-scope comparisons and year-to-year comparisons. And with the SBCA (Sage Business Cloud Accounting) software, you can be rest assured that your assets are registered.

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7 Reasons why you should apply business automation to your business now!

Accounting / excellium_webadmin

As the world digitally evolves, you should stay away from manually handling your business operations. This is your signal to set up business automation for your business to help it grow and deliver the best results. With business automation, you are able to streamline your business operations to drive business growth accurately. We’ve listed seven reasons why your business should be automated below; Cost-effectiveness: This is one of the reasons why business automation should be applied to your business. It helps reduce repetitive and time-consuming tasks since they would be done automatically. This could save your business money by ending costly errors and organizing your processes to help employees complete them more efficiently. Accuracy: With business automation, you are confident of accuracy as all your business processes will be handled automatically. With customized software solutions, your activities and tasks can be controlled to produce an accurate result, automatically. Reduces Manual Stress: Why struggle with handling your business operations manually when they can be automatically run? With automation in place, repetitive tasks are handled automatically, reducing the time you spend on them. The fatigue that comes with manually figuring out your profit, debts, and losses is taken off you. Now, you can sit and watch your business processes handled from start to finish. Boosts Productivity: You no longer need to spend time focusing on a task that would take the entire day! Now, you can introduce software solutions to take tasks off your hands, g you to focus on highly demanding jobs. This helps you to easily handle a lot of functions and activities at the same time, leading to productivity. Better Client Satisfaction: When the quality of your business or service is great, customers are satisfied. When your business process is automated, productivity and accuracy are assured, leading to happy customers for a job well done or service, well delivered! Better Business Insights: No more hassle trying to find feedback or results With business automation, you can easily track. With automated and digitalized processes, your system knows exactly the time, effort, and resources needed to carry out a specific task. Using the right tools, you can get valuable business insights that will help you make it better. Decisions based on facts are better than ones based on guesses. With business automation, rest assured that it can be achieved. Increases Accountability: When a business process is digitalized and automated, it is simple to determine who is in charge of what task and when they must deliver. Business automation can be customized to fit a business’s needs, and having this clear responsibility distribution, the staff’s accountability, and seamless quality control makes it possible. All these reasons and many more have been given just to show you that your gfgfgfbusiness can grow again with the right business automation at your disposal. To begin your journey using business automation for your business, you can click on the “contact support” icon on the website. Our seasoned and certified consultants are there to assist you. There are various areas of your business that can be automated, you can learn more about that here.

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Recruitment Processes just got easier with Zoho Recruit…

Payroll/HR / excellium_webadmin

As I struggled to put the bags of clothes I had just gotten from Teju Oso market into the boot of my car, I bumped into a fine young man, who looked like my patient. Haba! I was taken aback by this young man who stood right in front of me! The man I was looking at now looked nothing like the way he looked months ago in the consultation room. I knew something had changed. “Mr. Phillip, long time! Anhanh!! How are you?” I greeted him in the original Lagos fashion. “I am doing great, Dr. Chi” he responded beaming with joy. This joy had its roots and so, I knew that I had to know how he recuperated so fast. “This is a huge transformation, Mr. Philip. You look nothing like the way you did months back. What is the secret? I recollect that you struggled with your health because work was cumbersome. What has changed now? What happened now? I am eager to know!” I almost yelled in excitement. “Hmmm, Dr. Chi? You remember I complained of being stressed from work and, as an HR (Human Resource) practitioner, sending out applications, sorting a high number of resumes, and scheduling interview sessions manually, affected my mental and physical health. I handled high-performance tasks manually. I was stressed all the time.” He said as I watched him speak about his past experiences with so much pain. “Ha! Dr. Chi! It was a lot for me but one day, I stumbled on an ad on Facebook by a company called Excellium. This ad addressed the problems I was facing as an HR (Human Resource) practitioner and Viola! A solution was staring me in the face! This effective recruitment solution was designed to help make recruitment processes right and easy but when I brought this information to the management, they were in fear because according to them, software solutions do not run cheap. I had to explain to them that I learned that it was affordable and could be tailored to suit the needs of the company. After much persuasion, my company finally agreed. The name of the software solution is Zoho Recruit.” He said with a smile on his face. “Tell me more about this Solution, Mr. Phillip”, I said, longing to learn more. “Zoho Recruit is an all-in-one Applicant Tracking System (ATS) and recruitment software for staffing agencies and recruitment professionals. It is a comprehensive ATS that includes resume parsing, automated job board posting, customized company careers pages, resume storage, and interview scheduling. Going through resumes, exchanging emails, filtering and sorting qualified candidates and scheduling interviews has never been easy. With the automated workflows which are embedded in the solution, I was able to carry out other functions accordingly and get real-time results. Making reports ready for management as at when needed was made seamless because I could access the solution from anywhere even while I am away. Zoho Recruit has been a great relief to me. I have a pool of candidates to which I can always have access whenever there is a need for it, and I am glad! With this, the recruitment process has been made seamless for me and that made me spend less time on the recruitment process. I had more time to engage the candidate – which is one of the keys to successful recruitment. Zoho Recruit software solution helps HR (Human Resources) practitioners get job openings in front of as many eyes as possible while ensuring that employers’ brand communicates the culture, values, and experience that your ideal candidates want most. As I watched Mr. Phillip explain the reason for his transformation and the emergence of this recruitment solution, I knew I wanted nothing more than to share this information with other HR practitioners. Are you in dire need of a software solution that would help reduce the burden of collating and sourcing through resumes manually, job board posting, handling company careers pages, high resume storage, and interview scheduling? Zoho Recruit is here for you, all you need to do is reach out to one of the certified consultants in Excellium. We are willing to help you.

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I am Tired…

Accounting / excellium_webadmin

Rita, my old friend from secondary school almost burst out in tears as we were speaking on the phone. “Chi, I can’t keep track of my finances and I keep losing track of time to do other important things, what do I do?” As the CEO of a medium-scale fashion industry business, Rita knows she needs help managing her finances. From invoicing, to calculating taxes, to reporting, she is saddled with a lot and desperately needs help figuring out how to manage her finances and business processes but prefers to handle her business operations manually. This came as a surprise to me; the Rita that I knew back in the day did not look like she could be overwhelmed with work. To me, she had everything figured out, but now, it hurt me to listen to her breakdown over the phone, and I was determined to ensure that a solution was proffered for her concerns. I thought long and hard about what to do… Alas! It struck me! I remember attending to a young patient of mine who was rushed into the hospital due to High Blood Pressure. It was a concern for me as a medical doctor because she is young. I knew something was wrong so, during the routine consultation, I probed further to know how she got there. She explained how she lost a huge amount of money in her business because there was no structure in place to help manage her business’s accounting. She could not easily raise and track invoices, track cash flow, accept payments, record transactions, automate business operations, and capture expenses. It was a big issue for her. As a business owner with a staff strength of 10, handling these operations was difficult, and it kept her late at night. Trying to manually record transactions in her businesses and constantly thinking about it affected her health. We talked for a while, she was treated, and she went home, only for her to show up for her next appointment looking fresher and prettier than the last time I saw her. I needed to know the secret, so I asked how she was fairing. She answered me smiling, “I am better now, Doctor Chi. I came across an online ad made by a company called Excellium. The advert was about a software solution, this solution helped my business and gave it structure.” I listened to her talk about all the interesting details this solution had, and I was glad that she felt better but I wanted to know more about this solution. The thought that the problems of businesses could weigh an individual down gave me so much reason to ask more questions. Then she mentioned the name of the solution, Sage Business Cloud Accounting. This affordable solution helped her easily create and track invoices, track cash flow, accept payments, record transactions, automate admin operations, and capture expenses. It was a game changer for her business, she said. Imagine going through the hassle of manually capturing expenses, and invoices, calculating taxes, reporting, monitoring cash flow, and budgets, and handling paper folders that house the names of suppliers, items, budgets, etc., only for them to be lost. Miss Shade spoke about this solution with so much trust and appreciation. Sage Business Cloud Accounting regularized her blood pressure and brought smiles to her face; She told me. I wanted that for Rita, my old school friend, and so I decided to give her a call at once to tell her all I had learned about this Solution. With the Sage Accounting Business Cloud Software Solution… You can: capture expenses as they happen take care of invoicing on the road bank at the office and manage cash flow from your home. perform insightful reporting calculate taxes easily check your cash flow capture the right quantity of inventory in and out keep track of your company’s performance against predefined targets keep fixed assets registered Check foreign exchange swings on items bought, and sold and their impact To prepare for the future, Miss shade says business owners should take into consideration unavoidable occurrences. “It is important to be set up with the right software solution from on-set, so you are not caught up in a challenging situation with your finances later”, she said. She talked about how many businesses in Nigeria do not outlive the owner and how businesses don’t last in Nigeria because most of them lack structure. Miss Shade has made up her mind to ensure her business has structure and lasts for generations. She is particular about setting the pace for structured business in Nigeria and would like other businesses to follow suit by adopting the right solutions like Sage business cloud, to suit her needs. She expresses her gratitude to Excellium, the company that introduced her to Sage Business Cloud Accounting Software. Now, Miss Shade can sleep peacefully because she rests assured that the right solution has been put in place to help her business processes. I would like you to enjoy comfort like Miss Shade and Rita and so I have decided to share this. To know more about and start your free trial with the Sage Business Cloud Accounting Software Solution. Please go to our product page on the website to learn more and click on the free trial link to begin.

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Wondering where all your money goes.

Accounting / excellium_webadmin

Ever wondered what keeps consuming the bulk of your finances in your business? Have you been able to find the culprit? Are you a business owner, and do you wonder on a daily basis how to keep track of your expenses? Are you always trying to figure out how funds invested in your business have frittered away, but you keep coming up with nothing? As a business owner, your company finances and operations should occasionally be reviewed to sustain your whole organization. You should be able to ask yourself where and how your finances are spent. This will help you identify if you need to cut down on some expenses, cut some payrolls or stop using outdated processes. I know you are wondering how this is possible but not to worry, we are here to help you no matter the size and type of your business. Here are 4 reasons why your business needs accounting software. · Manage inventory · Automate Manual Operations · Compute Tax easily · Work Faster Manage Inventory Accounting software helps you to put your inventory into an organized platform so that you can manage your business growth effectively. It has the capacity to combine multiple inventory factors without any error. Information such as item name, quantity, unit of measure, color variations, sizes, batches, and expiry dates are easily calculated and stored using accounting software. This can lead to efficiency and productivity in operations. Automate Manual Operations Accounting software helps businesses to track their accounting processes in an automated manner. It helps to eliminate manual tasks while operating your business and also assists your business to make its process delivery easier leading to the satisfaction of your stakeholders. Compute Tax Easily Accounting software helps businesses to manage tax liabilities. With accounting software, you can calculate your Value Added Tax (VAT) & Withholding Tax(WHT) payments and deductions. Accounting software helps you to manage your tax payments and prevents unnecessary delays and penalties. Work Faster Accounting software is built to help reduce your work time. Bookkeeping can take time when you manually track costs and revenue using a spreadsheet. Using spreadsheets like Microsoft Excel, require that you enter lots of information manually. Accounting software helps you save valuable time, so you can invest your time to grow your business. Here at Excellium, an authorized partner with Sage, Microsoft & Zoho, we have the right software solutions that can make your business operations easy and breezy. We help you develop effective corporate structures using the best software solutions tailored to suit your needs. These software solutions allow you to check things on the go. Need help handling your business operations, contact us now! We are readily waiting on you.

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