Posts

Is it Time to Re-Think Your Current Business Strategy?

People who embrace change can still find themselves reluctant to move out of their comfort zone once in a while, even when they wholeheartedly acknowledge the fact that things have absolutely got to change before they fall apart. Some may be completely unaware that things are falling apart on them, and haven’t taken the time to self-evaluate, and others may have begun to recognize problems, but are unsure or even afraid of where to begin implementing a solution. Business systems are no exception to any of these scenarios.

Even the smallest businesses are complex, and have complex strategies and procedures in place to manage departments, projects, and transactions. You can only imagine how much more complicated those complexities get when it’s increased to corporate enterprise levels!

Whether or not you’re trying to implement, change up, or improve your business, here’s some questions that would be good for business owners, managers or team leads to consider:

  1. Are you satisfied with your current business plans and software?
  2. Are you meeting project deadlines?
  3. Are your projects and departments staying within their allotted budgets?
  4. Is there a schedule in place for reviewing data, performance and profitability?
  5. Have those review schedules been regularly met?
  6. Are ALL employees and managers properly trained on current procedures?
  7. Do you have an existing resource for finding, implementing, and managing new projects, software, and procedures?
  8. Are you able to quickly and painlessly install new software and make changes?
  9. Are business intelligence reports simple to compile and read?
  10. Do you have an in-house team completely dedicated to project management, software development, and system sourcing & implementation?
  11. Do you have an existing ERP software system in place?
  12. If yes to #11 – Is the current ERP software you have installed the same software you installed when you started your business?
  13. If yes to #11 – Is the current ERP software you have installed able to meet the needs of your current business situation and more?

If you answered “No” to at least three of the above questions, it might be a good idea to consider looking for someone to help identify and smooth out any wrinkles in your business.

The Northlake Partners are experts in advanced business software and provide professional services to small and midsized businesses in the United States, South America, Canada, and Europe. Among our many offered services, we specialize in software development, system sourcing, project management, and software implementation. We are the creators of NorthScope, a web-based suite of enhancement modules for Microsoft Dynamics GP, specifically designed to manage sales, distribution, inventory, business analysis, and more.

For more information about the Northlake Partners and the services we offer, visit our website at www.thenlp.com, or follow us on Facebook, Twitter, or LinkedIn.

Has Your Company Outgrown Quickbooks?

A key goal of almost any business, big or small, is growth. Several factors play in to how successful companies are in meeting that goal, including front-end efforts such as sales staff, vendors, marketing plans and customer service. While having a strong operational front to promote, buy, and sell, it is equally if not more important that back-end efforts such as ERP systems remain strong and are poised for growth.

Having a growing business is a great problem to have, though. As a business owner, it is necessary to make sure that your system can handle some of the growing pains that accompany that success. Among many other reasons to look for a new ERP system, companies may find that their current system(s) in place behind the scenes is incapable with handling the growth that is needed to maintain and increase success. Software packages such as Intuit® QuickBooks™, Peachtree Accounting and Sage 50 offer inexpensive up-front purchases which provide easy to use functionality for basic transactions and month-end reports. This makes them great for smaller businesses with simpler ERP needs. However, these solutions are more focused on recording transactions and accounting, and are not designed to be comprehensive operations solutions to be utilized throughout business organizations and company enterprises.

Unlike systems that are purchased and implemented with the help of a solutions provider, QuickBooks is sold as a retail product and is implemented by the business owner or an accountant. This is a great first step for new business needing easy accounting solutions, but as the company grows it will struggle to keep up, and gaps in functionality will become more and more apparent.

If your company is experiencing these sorts of gaps, NorthScope™ can help. The NorthScope solution was designed to support company growth and manage and/or integrate with all of your operational solutions. Some of the main differences between NorthScope and QuickBooks are that NorthScope:

  1. Is designed to be integrated with proprietary platforms, not built on top of them
  2. Has a much stronger security model that extends to field level security
  3. Is designed to produce sales analysis in any way you can imagine
  4. Supports complex rule-based accounting and accruals
  5. Is designed to facilitate management of your company’s operations, not just performing data entry and producing financials
  6. Doesn’t allow changes to historical data without a correcting transaction in place
  7. Supports transactional workflows, allowing you to configure the lifecycles that each of your transactions go through from start to finish.
  8. Includes over 1,000 features which QuickBooks does not include or support
  9. Comes with features that, in QuickBooks, must be purchased separately, such as: Fixed Assets, Inventory Management, complex sales order pricing, and Payroll / HR.
  10. Has functionality, where QuickBooks only supports data fields. For example:
    1. QuickBooks has a place to set up sales representatives, but this is purely for informational purposes. NorthScope manages complex commissions for sales reps.
    2. QuickBooks supports adding up to 15 user defined fields for certain categories, but again, this is only for informational purposes. NorthScope has the ability to add unlimited fields that are not only dynamic by product line, but also used for pricing, promotions, commissions, and data analysis.

Contact us to learn more! You can also visit us at www.GoNorthScope.com for more information about our solution system.