We recognize that the Internet and cloud services are convoluted, and there are tons of additional support functions that you are still trying to grasp.
Let’s be honest; we’re all little divided on what “practice management” is and what it should be.
This is why there are 100 different ways to look at your accounting practice management software, and it entirely depends on who you ask and what this person wants from it.
We’re in 2019 and simply breathing digital!
As a result, cyber crimes are on the rise and loss of sensitive client data is vastly dreaded by business owners. The methods used by hackers are more complex and most small to large scale corporations pay considerable sums to fill any vulnerabilities in their IT systems.
- New survey data reveals cybersecurity risks are impacting the anticipated value of M&A deals
- Cyber threats are higher even after deals are closed, massively influencing the company’s reputation
- Cybersecurity assessments and comprehensive security audits before and during the M&A deals are essential
Digital is disrupting the way we do business and information technology budgets are merely adjusting to the demands of the organizations.
However, when operational costs are soaring, and IT trends on the run, your IT department can seem more like a cost center rather than an investment. A catastrophe would be to raise your IT spends blindly without proper planning and consultation. As a result, you’re left fending with losses.
It’s not only inventory planners who seek out ways to optimize inventory management – everyone from CEOs and CFOs, procurement and supply chain management specialists, shop-floor employees and client-facing staff often find themselves wishing they were equipped with reliable, accurate inventory information to ensure both internal efficiency, fiscal optimization, and customer satisfaction.
In manufacturing and distribution, knowledge and control over your inventory is a key driver of efficiency and cost savings. Inventory control (a.k.a. stock control) can be defined as “the fact or process of ensuring that appropriate amounts of stock are maintained by a business, so as to be able to meet customer demand without delay while keeping the costs associated with holding stock to a minimum.”
But when the number of items and physical locations organizations must keep track of grows, manual, error-prone methods of inventory handling become quickly unworkable.
4 Common Issues That Can Be Solved by an ERP System for Inventory Control
Enterprise Resource Planning (ERP) software, in theory, should provide businesses with a suite of integrated applications that can provide a continuously updated view of core business activities. And while the concept of ERP arose from a common manufacturing core, today’s offerings incorporate finance and accounting, maintenance, and human resource components.
However, businesses growth, needs change and technology moves on. And this often means that what once seemed like a good solution can no longer deliver necessary functionality – or worse, it’s actually started to create problems for your employees.
But how can you recognize when an ERP solution has failed in delivering its promised benefits?
Here are some of the key warning signs:
- It was never configured for your company
- Your ERP has stopped receiving regular updates
- You can no longer find IT or vendor support
- Users are adjusting business processes to suit the ERP system
- People are creating work-arounds outside the ERP system
- It's simply no longer cost effective
Learn the implications of these warning signs, when ERP for your manufacturing business can backfire
Cybersecurity is a hot topic and it seems everyone has an opinion on best practices – whether they apply to personal or professional use. From password tips (random characters vs. passphrases, the frequency of updates) to VPN use, when to use two-factor authentication and more, it can seem impossible to practically work or live with the sheer number of cumulative security recommendations.
But when it comes down to it, good security should enable business, not prevent it. But with the constant deluge of well-meaning advice, we’ve noticed that sometimes people push back with some counterintuitive advice. And we get it, sometimes overzealous, poorly implemented security measures can be frustrating. But still, we wonder how bad things were for people to think it was a good idea to spout the following:
The idea of an audit – any audit – often makes businesses uncomfortable. And IT security audits are no exception. Having outsiders come in looking for discrepancies and oversights can make those responsible for IT security feel defensive and judged, and no one likes getting caught out.
But an IT security audit shouldn’t be viewed as a punitive measure – after all, if your organization is hacked, or loses sensitive data to a preventable vulnerability, you’ll be the one having to answer to clients, and in many cases, the authorities.
The first step is to adopt a more positive attitude towards IT security audits – after all, they provide you with a second set of eyes to identify and rectify issues (hopefully) before they create problems. And IT security auditors genuinely want to share – and use – their knowledge to help your business become a more secure organization.
Then, you need to find an auditor and get to work.