Teamsoft awarded “SAP Recognised Expertise” designation

Teamsoft awarded “SAP Recognised Expertise” designation Teamsoft are delighted to announce the recent award of the SAP Recognised Expertise for SAP Business One designation. With this recognition Teamsoft now joins a select group of SAP partners meeting strict criteria in solution knowledge and in-house expertise, along with a proven history of delivery capability and excellence in customer projects. The SAP Recognised Expertise designation is awarded by SAP in a formal certification process against strict and transparent criteria including required numbers of SAP-certified consultants and customer reference checks. “This is a significant milestone for Teamsoft, and proves we have invested in the skills and resources to provide the highest levels of professional service to both existing and new customers of the SAP Business One solution”, said Jim O’Reilly, MD of Teamsoft.   For further information or comment please contact; Philip Brown at pbrown@teamsoft.ie or on 01 424 2420   About Teamsoft Teamsoft are veteran ERP providers in the Irish market with over twenty years’ experience of bringing the best in software solutions to the Irish business community. Now a fully certified SAP Business One partner Teamsoft meets the business software needs of customers across the Irish business landscape with this class-leading ERP product and unrivaled experience.   About SAP Business One SAP Business One is a fully integrated ERP system from the world’s leading business software producer, SAP. With functionality covering all the main areas of business activity including Finance, Sales & CRM, Purchasing, Production, Inventory and Service, SAP Business One is a powerful, flexible and affordable system to help SMEs manage and grow their business.... read more

Knowing When Your System Has Reached its Tipping Point

      Having the right software and technology is essential to growing a business – yet many companies feel the constraints of inadequate systems. Outdated applications, manual processes, and countless integration challenges consume time and resources. So how do you know when you’ve reached the tipping point? When do the costs of system maintenance and process limitations become so great that you can’t afford not to update your current systems? Below are 5 tell-tale signs that say it’s time to move to a system that better supports your growing business: • Recurring headaches about reporting • Numerous integration hassles • Rigid systems that limit flexibility • Too many unsupported business processes • Manual processes that drain time and resources Sound all too familiar? If so, there’s a good chance that you’re exhausting valuable time and energy supporting the basic needs of your business. Consider the benefits of moving to a single, complete, scalable solution that supports your needs and can grow as your business grows. One that allows you to start anywhere. One that lets you address your most pressing needs first, then add users, functions, and geographic support as your business expands. Well that one system is SAP Business One from Teamsoft. SAP Business One is designed specifically for growing SME’s, it enables company growth, helps increase profitability and control, and automates your business processes. To learn more about how SAP Business One can help your growing business without having to grow your “to do” list, contact us directly on 01 424 2420 or visit our website www.teamsoft.ie... read more

High level Business Intelligence Cycle

The Business Intelligence Cycle: Value creation is fundamental to all businesses. We see this as a closed-loop process that drives both strategic initiatives as well as tactical operations. For some this process, or one like it, is well documented while for others it is repeated over and over with little conscious thought. To get the most from your BI investment we recommend implementing the following BI cycle: Discover – Unlock hidden patterns in your data that reveal new insights, opportunities and risks Identify hidden patterns that reveal new or expanded markets and customer segments for marketing Make instant decisions that minimize fraud, risk and losses Identify safe and secure suppliers to protect the brand   Plan –  You must first decide what to do, balance the risks with the rewards, determine how you will measure success, define measurable objectives or KPIs and establish a plan. Your plans and strategies must be thoroughly communicated to all of your employees. Set and translate strategy Create plans, budgets, and forecasts Balance the risks with rewards Define measurement and monitor risk and results   Inform – Once you understand your performance, you need to report out to both internal and external stakeholders. In many cases, there are also requirements to formally disclose financial and regulatory information. Prepare consolidated financial statements for management and regulatory purposes Disclose data to internal and external stakeholders Comply with industry regulations   Anticipate – You must always scan the horizon for opportunities to improve existing processes, new business opportunities and risks. Anticipate customer churn or employee attrition Predict how risk may impact company performance Model and optimize profitability of... read more

How to prolong the life of your CRM/ERP

Your CRM & ERP systems are valuable assets, especially if users follow best practices. Upgrading to a new system, is extremely costly in terms of new software licences, implementation, training and the reduction of productivity as users learn a new system. Wouldn’t it be better if we could still use your existing systems but get more from them? Now you can. By improving your reporting infrastructure & providing business users with quick access to the information they need most – you can start to improve efficiency, reduce churn and allow staff and managers to make better, informed and fact-based decisions. How? Our businesses generate a huge amount of valuable data via multiple platforms and mediums – such as ERP, CRM, Stock Control, Time Management, Excel sheets and Social Media. This data offers huge potential and can provide key insights such as purchasing trends and key performance figures. Typically CRM and ERP provide some basic reporting but the tools are extremely limited. If your only tool is a hammer, you will not be able to build the same things as if you had a hammer, screwdriver and saw. The same applies for obtaining valuable insights from your data. To get the full potential from the data generated by your CRM/ERP , four key CRM/ERP challenges must be targeted: 1. Doesn’t incorporate data from other sources such as essential company software, excel sheets or even social media 2. A lack of advanced analytical capabilities such as drill downs and predictive analytics 3. A weak set of standard visualizations which don’t allow for interactivity 4. Typically no mobile access By upgrading to a... read more

Accounting Software: QuickBooks vs. SAP Business One

Most small businesses start using QuickBooks to manage their accounts as it’s a simple, basic and a reliable solution. When a business starts to grow and become more successful they require more than just an accounting system. They have new requirements to manage multiple aspects of their business which require more than just excel sheets, e.g. inventory, operations, sales & customer management. As a result many businesses choose to upgrade from their accounting software such as QuickBooks to an ERP system such as SAP Business One – a trusted business management system aimed at small and growing businesses. Faced with a decision to add to your current QuickBooks solution or find a solution that better meets the needs of your growing business, we have completed a side-by-side comparison between QuickBooks and SAP Business One. We addressed some essential features that typically impact sustained growth, efficiency, decision making and profitability. Comparison: QuickBooks vs SAP Business One QuickBooks SAP Business One Overview Highly respected and commonly used entry-level accounting package, but offers limited modules for expanding & growing businesses Industry-leading ERP (Enterprise Resource) software used to manage all aspects of your business, ideal for businesses who’ve outgrown QuickBooks Reputation World’s most popular entry-level accounting software 70% of the world economy’s transactions run on an SAP system Target Market Small business with relatively small budget and basic accounting needs 1-100 employees < €10 Million revenue Growing small & mid-size businesses with accounting and business management needs 5 – 1,000 employees €100k – €250 million revenue Number of Users 30 users maximum Unlimited users and role specific privileges Basic Features Accounting Accounting &... read more

Accounting Software: Sage 50 vs. SAP Business One

Most small businesses start using Sage 50 or similar products at a lower price point such as Sage One, Sage One Accounts Extra or Sage Instant. This allows them to manage their accounts as they are simple, easy to use, basic and reliable solutions. When a business starts to grow and become more successful they require more than just an accounting system. There is increasing complexity in business processes which require managing to gain control. More sophisticated analysis is needed to make decisions and run efficiently. If your business is using excel sheets to manage areas such as inventory, operations, sales & customer management, it’s a sure sign that your current systems cannot fulfill your need and an upgrade may be needed. As a result, many businesses choose to upgrade their accounting software such as Sage 50 to an ERP system such as SAP Business One – a trusted business management system aimed at small and growing businesses. Faced with a decision to add to your current Sage solution or find a solution that better meets the needs of your growing business, we have completed a side-by-side comparison between Sage 50 and SAP Business One. We addressed some essential features that typically impact sustained growth, efficiency, decision making and profitability. Comparison: Sage 50 vs SAP Business One   Sage 50 SAP Business One Overview Sage 50 Accounts is a general purpose small business accounting package Industry-leading ERP (Enterprise Resource Planning) software used to manage all aspects of your business, ideal for businesses who have outgrown Sage 50 Reputation Ireland and the UK’s most popular entry-level accounting software 70% of... read more

Outgrowing Accounting Software? – ERP for small business

For many small businesses Excel sheets with accounting software or outsourced financing works exceptionally well to support business activities. They help control finances, operations, sales and manage customers. With sustained growth there are many new opportunities such as increased income and larger market share. However, there are also a set of new challenges to overcome. The business operations is becoming larger and more complex, which is increasingly difficult to manage and control effectively. It’s more difficult to manage your business and very time-consuming to administer all the excel sheets which were previously very effective. Alternatively getting different systems to cover these key business areas is costly, requires additional training for each system, difficult to integrate and establish communication between each system and requires multiple support contracts all which also increase complexity. Unfortunately, by not taking action, the problem is not going to go away, but instead will get even more complex and frustrating. What can you do to solve this problem? You can regain control by using a tried and tested system that is specifically designed for businesses in your situation, ERP for small business combines accounting, CRM, risk management, operations and project management into one system to help you regain that needed control, reduce administrative time, support you in managing your business and provide an easy to use user interface that is intuitive and quick to learn. SAP is the market leader for ERP Software. SAP Business One is trusted by 50,000+ small businesses like yours. Cloud and on-premise solutions can be adapted and tailored to your individual business needs. It supports you in managing your business and... read more

What ERP business management software does, and how it can help your business

You may have already researched the acronym ERP and chances are you were bombarded with information and possibly left confused by the various definitions available online. In order to recognise the vast capability of an ERP system and the countless benefits they bring to businesses around the world it’s important that we understand what the term ERP actually means. ERP stands for Enterprise Resource Planning, and ERP Systems can most easily be understood as software systems that provide an organisation with a system of integrated applications to manage all the functional areas of the business, including automation of as many routine functions as possible in order to improve accuracy, efficiency and profitability in the business. SAP Business One is specifically built to meet the needs of the Small and Medium Enterprise (SME) community and is among the world’s leading ERP systems.   How can an ERP System like SAP Business One improve my business?   SAP Business One has been adopted and implemented by over 50,000 business worldwide. The SAP Business One system provides a single solution for managing your entire business. It automates your critical business processes to improve operational efficiency and integrates all business information to drive sound decisions. With clear visibility throughout the entire company you can gain greater control over all business areas.  ERP Systems like SAP Business One help support and integrate business processes such as procurement, sales and distribution, finance, accounting, human resource, manufacturing, production planning, inventory management, logistics & warehouse management.   All of this is important as all businesses have immense financial and operational objectives. We know it’s easy to lose... read more

Stock Management – Stock Holding Controls

In an ideal world, a product would arrive into stock from the supplier just at the same time as the last unit from the previous batch was being despatched to a customer.  Taking into consideration the overheads associated with ordering and delivery, the number of units being received would have the lowest possible net cost. When demand is predictable, it is possible for the Purchasing Manager to plan in this way.  Consider the following graph: There is a cost associated with Placing Orders. (Order Cost Line). This cost is high if the company orders small quantities, more frequently.  This is because: a) suppliers generally offer incentives (lower pricing / promotions) to encourage larger orders and b) there is an overhead cost for each Order and each Delivery, so more frequent orders and deliveries will increase the cost. As a result, we see that the ‘Order Cost’ decreases as the Order Quantity increases. The counter this, there are costs that can be associated with holding stock in a warehouse.  Stock that is sitting on a shelf: Is tying up working capital Is likely to deteriorate Can get damaged May become obsolete Consumes valuable warehouse space that could be used for faster moving products. Based on a products history and product attributes, it is possible to calculate a stock-holding cost for each unit of a product.  The storage costs for each potential size can then be plotted. The end result is that it is easy to calculate the most economical order quantity (EOQ) for each product.  This is the point in the graph where the total cost of ordering is at... read more

How using a single system helps a growing business

Aberdeen’s research finds that 96% of Best-in-Class (the top 20% of performers) growing businesses have implemented an Enterprise Resource Planning (ERP) solution. These solutions are designed to help organizations of all sizes to face their challenges and provide a single business system to support visibility, efficiency, and decision-making. ERP is the key tool in business to make your life easier. 48% Real-time visibility into the status of all processes (compared to 6% without) 77% Able to standardize back office processes (compared to 22% without) 633% More likely to be able to share data with suppliers, customers, resellers, and regulatory body 4X More likely to be able to forecast and plan for demand 11% Reduction in operational costs   A single system provides accurate, easy to find data that enables visibility, collaboration, and efficiency. Get the Full Infographic    ... read more