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  What is a basic accounting system?  A 'basic accounting system' is...

For any business, managing cash-flow is an essential task to keep operations going and to ensure profitability. As 99.3% of GDP is generated from businesses with fewer than 50 employees (Sage, 2021), it’s important for small-to-medium sized businesses to optimize their cash-flow management.

With more and more businesses looking to increase efficiency in order to meet the heightening demands of customers, integrated technologies such as Sage 200 are a useful tool to grow revenues, reduce costs and increase profitability.

As customer acquisition is five times costly than retaining existing ones, local retailers should minimise this expense by encouraging loyalty and increasing retention rates. This can be done by introducing a loyalty scheme that offers additional value to customers, and implementing a modern ePoS solution will help make this process so much easier.

While Enterprise Resource Planning (ERP) software was previously earmarked for sizeable multinational manufacturing companies, more and more small to medium-sized businesses (SMBs) in various industries are getting a piece of the action. This is because companies that provide ERP software see the advantages it can bring to smaller businesses in a range of industries, and Sage 200 is one of them.

As entire nations have been placed lawfully under lockdown measures to minimize human contact, many sectors which rely on human interaction and physical proximity have been devastated. The impact of the global pandemic has shaken many industries, but the retail industry has suffered a huge blow, with footfall falling to zero.

Every year, the uptake of Business Intelligence grows rapidly. We are living in the era of big data, but this mass data collection is futile unless manipulated, analyzed and used correctly for the benefit of users.

With tourist attractions reopening and welcoming customers back following the Covid-19 lockdown, it has further highlighted the importance of being able to service multiple outlets simultaneously. When managing a big site, more often than not, you may need to be in ‘two places at once’ whilst managing processes, employees, and schedules in between that.

With the digital revolution taking the retail industry by storm, it’s good to be aware of how emerging technologies are molding the retail business industry and the effect that is has on retail Epos solutions, both in-store and online for a better customer experience.

Running a business can be challenging at the best of times with numerous jobs to juggle, from communicating between departments, general management, staff management and everything in between. All too often, too much time is taken up by business admin which could be reduced dramatically with solutions such as Sage ERP software.

For many organizations, an out of the box ERP software solution may be sufficient, but for some businesses it cannot meet your needs holistically or up to a high standard. There are many types of ERP software solutions that are available as out of the box solutions and despite having the benefit of being ready to launch straight away, you have to question whether a quick fix is necessarily the right choice for your company.

Having an e-commerce website is a great way to boost your organization’s revenue, but before you start making sales online, you’ll need to select an online payment gateway for your website and ensure it’s the right one for your business. There are a number of payment providers, such as Sage Pay to choose from but it’s important to consider the following questions before making your decision.

Historically, Sage 50cloud was known as Sage 50 and Sage 200 was known as Sage 200. Sage 50cloud and Sage 200 are in fact two very different solutions and it is not as easy as simply doing a “Sage 50cloud VS Sage 200” comparative. To truly understand what solution is going to suit your business needs, it is important to consider what you need from an accounting solution, how much you are willing to invest, as well as longevity of the solution for your business.

In today’s modern consumer-driven world, customers are expecting a far more efficient and slicker experience when it comes to purchasing both online and in-store. Consumers are no longer tolerating waiting for out of stock products or long waiting times in-store and are quick to find alternatives suppliers to satisfy their needs.

Credit Hound is an advanced award-winning credit management system that integrates seamlessly into Sage 200. The software is designed to help businesses improve their credit control through automation and reduced payment time. Credit Hound automates the credit control processes and is completely scalable, meaning it can be accessed and managed by a single user or by a whole team, making it ideal for businesses of any size.

Whether your business provides products and/or services to end-users (B2C) or to other businesses (B2B), efficiency in every aspect of your business is essential for growth and success and this is what Sage CRM offers. Each section of your business should be able to work in harmony to maximize efficiency and give you complete control and a complete view over all areas of your business.

Productivity is essential for your business; it is the driving force that gets results and defines your company efficiency. Growing businesses often battle with productivity issues as they are challenged with an increasing volume of tasks, many being admin related, while still wanting to evolve and grow the business.

In today’s technological age, many businesses rely on various software solutions to run their business efficiently and it is easy to be overwhelmed when it comes to choosing the right software for your business. Sage has developed a range of enterprise planning software solutions to help growing businesses.