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Smarter Reports Make Smarter Decisions

If you polled small and midsize businesses and asked them which reports they use most frequently to monitor and track performance, you’d almost certainly get hundreds of different answers.  It’s pretty obvious that the goals any business wants to achieve impact the decision-making process and, therefore, the data they need to make the best decisions.  However, most businesses exhibit the “80-20 rule”:  20% (or less!) of the reports that the business utilizes likely drives 80% (or more!) of the performance monitoring and decision-making process.

So which reports do you think are the top 5 or so to help you get the complete “high-level” overview of what’s going on with the company?  Some of the classics:

1. Profit & Loss Report with all the typical data points (current month actuals, last month, last month prior year, budget, year-to-date, etc.)

Focus on Business, Not HR and Payroll.

One of the great benefits about SMB Suite is our integrated HR services.  For a lot of businesses, managing the overhead of full-service HR is just cost-prohibitive.  At the same time, failing to provide the correct HR resources can lead to unhappy employees and even legal liability.  Our SMB-HR module is designed to be 100% managed by Insperity, the industry’s leading PEO.  By outsourcing these responsibilities your small business can potentially save a lot of money and time.  But don’t assume that all PEO’s are the same.  Spending too much time on your employee-related tasks and not enough time on revenue-generating duties could be hurting your business more than you think.
With a Professional Employer Organization (PEO), an outsourced HR service, you can turn over many of your business’s time-consuming HR tasks to a dedicated team of HR specialists, so that you can focus on your more profitable responsibilities. Moreover, when you sign on with a PEO, much of the risk and responsibility of employee administration and government compliance is transferred to the PEO.
Here are five ways a PEO can help resolve some of your most frustrating HR struggles.

What You Need to Know About SMB Intelligence

Advantages of SMB Intelligence Reporting for MS CRM

Just like SMB Intelligence has an extensive, live integration to every Microsoft Dynamics ERP system, it also has a major, live integration to the MS CRM database. This gives you several benefits:

What ERP Software Can Do for Small and Medium Businesses and How Cloud ERP Can Return Greater ROI

ERP software offers many advantages for small and medium businesses including greater agility, competitive edge and improved operational efficiency. Move your ERP to the cloud and it becomes more advantageous for small and medium businesses as it empowers them to better compete and achieve greater ROI.

If you’re a business just starting to research ERP, it might be good to start with the history of ERP Software and how the technology evolved.

ERP had its early beginnings from MRP or Materials Requirement Planning, which integrated additional data specific to employee and financial information into the scope and planning. It then changed to Manufacturing Resource Planning primarily due to industry interest before it morphed into what we know today as ERP – a solution that streamlines internal and external operational processes to improve efficiency and profitability across the entire business.

Enter cloud technologies, specifically Cloud ERP, and now a company has the ability to achieve greater ROI by improving operational efficiency, being more competitive in the market and proactively planning for their growth and greater profitability. For small and medium businesses, Cloud ERP may be a more viable solution, delivering greater ROI.

Improved Operational Efficiency
It’s widely known that ERP Software is designed to increase visibility and transparency across every department. And that certain industries will have specific initiatives relevant to industry drivers. Move to the Cloud and you now have your ERP on demand creating access to services from anywhere the internet is available. This allows for greater collaboration between employees, regardless of where they are located, improved visibility and a clearer picture of financials across multiple departments. And having the ability to act quickly to business opportunities as they arise will only improve overall performance and agility.

Be More Competitive
An additional benefit associated with ERP Software is the capacity for a company to gain greater competitive advantage and remain resilient. To be exact, a company’s ability to meet the demanding needs of the market faster than the competition, distinguish their value proposition from the rest and remain ahead of the competition. Many believe this is the single most important aspect of staying competitive. Cloud ERP adds further to the value proposition by bringing fluidity to the business – allowing an organization to adopt new technology without disrupting business or having to add additional resources while adding the ability to better manage cash flow. This is especially important for small and medium business owners that can benefit from:

Dynamics GP Only For Big Organizations?

Well, it probably depends on your definition of “big.” Microsoft defines its mid-market as
companies with revenues of $5 to $500 million. $500 million is big, but Microsoft has a pretty hefty range at work.  The bottom line is, there are a lot of $5 million companies running Microsoft Dynamics GP,  and depending on what your business objectives are, the savings in a cloud environment mean much smaller organizations find that GP often has a niche to meet their needs. In fact, a good number of our newest accounts at SMB Suite have been smaller organizations jumping up from Quickbooks.

Whether or not GP is a fit for you also depends on your budget. If you have $600 to spend on software, go with QuickBooks. Microsoft Dynamics GP is not for you. But if you’re willing to consider the real cost of software that no longer meets your business needs, you might come to the realization that $600 is just money wasted if QuickBooks falls short of your requirements.

Here’s an analogy that I just made up on the spur of the moment. Once upon a time, you had only
1 sales rep working for your company. And your phone system had only 1 outbound line. Most of
the time that sufficed. Now there are 4 sales reps working for your company and you still only
have one outbound line. So sure, you can say you have a phone and it doesn’t cost a lot of
money, but at any given time you have 3 sales reps sitting around doing nothing as they wait for a
phone line to free up. It’s pretty obvious from my rather silly example here that this would not be a good business practice.

Can you really afford to have 3 sales reps twiddling their thumbs? What’s the cost to you in lost
business? Are you in the business of paying people to do nothing? And do you doubt that my analogy holds water? Let’s look at software now. Once upon a time, you were a one-person shop. You bought QuickBooks. Maybe it was even recommended to you by your accountant. It was really, really cheap and easy to use, too. A good deal.

Now you’re a 10 person company. There’s you (the owner), your son or daughter who just joined
the business, 4 sales reps, a marketing manager, office manager, bookkeeper, and a customer
service rep. Your accounting needs have grown beyond the basics that QuickBooks provides.
Your business is more complex. Maybe you should look at QuickBooks Enterprise. But (and hey,
you had to know there would be a “but”) you’re also continuing to grow. You’re moving into new
markets. Your transaction volume has tripled in the last 5 years. How much longer will an edition
of QuickBooks meet your needs?

So do you spend money moving to QuickBooks Enterprise now only to find out in a year or two
that you’ve outgrown that, too?

It’s time to move up to the next level altogether. Do you actually know what a one or two user
Microsoft Dynamics GP system costs, or have you just heard rumors? And a better question might
be, do you know how much you GET when you purchase Dynamics GP? That’s an easy question.

Here’s a list of all the modules that some with Dynamics GP right out of the box: