Key performance indicators (KPIs) are quantifiable business metrics that track and measure an organization’s progress toward its strategic objectives. More than just numbers, KPIs tell a story about how well a company is performing. Understanding KPIs as they relate to your industry, company and even separate departments within a company is essential for any growing business. Business leaders increasingly realize […]

An accurate inventory forecast is invaluable, especially when supply chains and consumer demand are changing rapidly. Effective inventory forecasting can mean the difference between profitability and piles of unsold goods that eat up your available cash. The bottom-line impact of inventory forecasting is clear: less money is tied up in inventory, stock is maintained at a realistic threshold and ordering […]

The beauty of modular ERP software is that a company can add specific functionality while keeping the same foundation in place. There is no need to implement a new ERP system when requirements change, as long as the company chooses an established ERP provider with a wide selection of modules. Read more to find out which modules your business needs.

The combination of a fast-evolving regulatory landscape, emerging business trends and relentless technological innovation is changing the way financial data is collected, managed and interpreted. The COVID-19 pandemic spurred many of these changes, resulting in new regulatory and tax concerns, forcing dispersed accounting teams to find new ways to collaborate, and pushing more organizations to consider cloud-based technologies that could […]

The operational and financial data of a business is incredibly valuable. Unfortunately, many companies struggle to capture this value either because their data is spread across multiple systems, making it hard to access, or because they don’t have effective analytical tools (or both). As a result, they miss opportunities to improve performance and grow their business. Contrast this with Major […]

Despite the fact that barcodes are easy to create, only about half of businesses are using mobile scanners in their warehouses and fulfillment centers today. For small businesses, it may seem like an aspirational goal—something to strive for when they are bigger. But the reality is mobile scanning is easy and inexpensive to adopt and you will likely benefit from […]

Future—and current—accountants, get ready: the CPA Exam is changing, reflecting a rapid evolution of the profession as a whole. With many traditional CPA tasks ripe for automation, accountants are now seeking expertise in technology, data sciences and strategy.For experienced CPAs, this shift represents an opportunity. This business guide will cover the future of your role and tips for keeping up-to-date […]

We are in the midst of the biggest single-year economic expansion since the 1960s. That’s the consensus from the International Monetary Fund, various U.S. government agencies, the Federal Reserve and most leading economists. The Conference Board predicts 6% U.S. GDP growth for 2021 after a 3.5% decline in 2020, and the Bureau of Labor Statistics confirms that, in the first […]