Archive - Smart Admin RSS Feed

ERP and whats in it for me?

Lets take a closer look at Enterprise Resource Planning

ERP is a powerful business tool. It is very flexible and can adapt to most business needs. So what exactly is it?

Enterprise resource system ERP

Enterprise resource planning (ERP) is a combination of the various tasks that are essential to run a business that is burdened by the weight of its manual processes. These include accounting, human resource, supply chain, customer relationship management (CRM),inventory and order management  to name but a few.

The system reduces the need for manual processing and helps to streamline your business around one centralized location. It consists of a maintained database that allows all members within a company to view the same shared information. This allows staff to generate reports quicker, generate sales orders at speed and makes financial processes easier by automating a lot of the manual re-keying involved in many departments. It is all wrapped up in one user friendly system which makes business performance analysis painless.

The rise of ERP

If you had a time machine and traveled back to the 1960′sERP enterprise resource planning you would witness some manufacturing company’s using a technique which they referred to as Manufacturing Requirements Planning or (MRP). As it evolved, the process came to be known as Manufacturing Resource Planning and eventually Enterprise Resource Planning. The original MRP systems were used as an organisational and scheduling tool, but as the years rolled past and technology advanced in the 1970′s it was adapted and developed to become more business process friendly.

The systems began to have the ability to include customer and supplier information and it was not long before its uses became recognized by other industries.

By the time the 1990′s arrived Gartner had coined the term ERP and the rest is history.

So how can ERP add value to my company?

At its core, ERP helps employees to do their jobs more efficiently by breaking down the barriers between business units. More specifically, an ERP solution:

  • Gives a global, real-time view of data that can enable companies to address concerns proactively and drive improvements
  • Improves financial compliance with regulatory standards and reduces risk
  • Automates core business operations such as lead-to-cash, order-to-fulfillment, and procure-to-pay processes
  • Enhances customer service by providing one source for billing and relationship tracking

With an ERP solution, employees have access to accurate information that enables them to make better decisions faster. Not only that, but the software helps to eliminate redundant processes and systems, dramatically lowering the cost of doing business overall. When you add up these advantages, the value of ERP—particularly cloud based—is clear.

Posted by,

Kevin Faulkner,

Marketing Executive,

www.celtrino.com

Visit us for more information or follow @Celtrino

 

 

 

 

 

 


Posted on January 11, 2016 in B2B Platform in the Cloud, Business Process Automation, Cloud Computing, CRM, ERP, Gartner, Integrated Supply Chain Management Platform, Sales Order Processing, SAP, Supply Chain Automation, Supply Chain Performance, Uncategorized by
Tagged as , , , , ,
Comments Off

Accounts Payable Automation and “What’s In It For You?”

Help your Accounts Payable department to save any time spent chasing lost documentation, by seeing the light and embracing the cloud!

sky-sunny-clouds-cloudy copy

The Staff who work in your accounts payable department love their job. It gives you peace of mind to think that they get your payable’s paid on time. You also like how they know where in the process, any invoice is at every moment in time right?

Wrong!

Now that we are finished dreaming let’s face the facts. The Accounts Payable process can be challenging, particularly if all you have to work with is a manual, paper-based AP process. That’s where Accounts Payable Automation comes in.

AP people are hard-working (we like them a lot) but they spend wasted time chasing lost documentation and requesting copies of invoices which is impacting on their work flow. You may not be aware of that fact but it’s true, go ahead and ask them.

We have spoken to enough companies before and after they changed over to accounts payable automation to know its true. So below I will outline the facts of how AP automation can make a difference:

The Benefits of Accounts Payable Automation on behalf of your AP staff:)

1.You can reduce your costs by streamlining your accounts payable process and you can deliver an immediate reduction in administrative costs

2.You can have an efficient world class accounts payable department that processes invoices with greater efficiency and accuracy than can be achieved with a manual, costly and error prone approach

3.You can improve profits (hooray!) by reducing accounts payable processing transaction costs, taking advantage of supplier discounts and eliminating late-payment penalties

Lady with money

4.You can clean up your data as only approved invoices are fed into your back office system reducing errors and speeding up the accounts payable process

5.You can eliminate paper and help to save the environment by automating your Accounts Payable process.  You will eliminate the need to track, trace and store paper invoices making your staff extremely happy.

Celtrino Accounts Payable Solution Here>

Each step of the Accounts Payable process is time consuming and the cost of one error can be significant.

Automating your AP process will allow you to take advantage of the cloud based technology that is currently evolving. It will tidy up the paper trail and make your accounts payable staff very happy.

In short, it will free up your staff to be more productive in the areas that matter like revenue growth. Which is never a bad thing.

If you would like more information then check out our  white paper “The Business Case for Accounts Payable Automation” to find out more.

Posted by,

Kevin Faulkner,

Marketing Executive.

www.celtrino.com

 Visit us for more information or follow @Celtrino

 

 

 


Posted on December 9, 2015 in Accounts Payable, B2B Platform in the Cloud, Business Process Automation, Cash Flow Management, Cloud Computing, EDI, SaaS, White Paper by
Tagged as , , , , , ,
Comments Off

[Guest Post] Advance Shipping Notices – Digital & Physical Supply Chain Consideration

Today Celtrino welcome a guest post from Michael Kelsey, a founder of Business Software Solutions and one of Celtrino’s business integration partners.

Supply Chain Pressures

Michael Kelsey

Michael Kelsey, Owner at Business Software Solutions

In these days of ultra-competitive pricing, the retailers are making every effort to control costs within their own businesses.  With the labour cost attached to moving stock through the organisation, streamlining activities within the supply chain becomes ever more critical.  A number of retailers are requiring their suppliers to support this process by providing information electronically in advance to ensure stocks can be received, stored and acknowledged with minimum manual intervention.

Continue Reading…


Posted on September 28, 2012 in Advanced Shipping Notice, Supply Chain by
Tagged as , , , , , , , , ,
Comments Off

US Treasury e-Invoicing Imminent

A Federal Register notice published by the US Treasury Department this summer has detailed the government’s intention to implement an Internet Payment Platform by the end of this month. This latest release comes almost exactly a year after the US government signaled its intention to implement an e-Invoicing solution to reduce costs and waste across its departments.

US Department of Treasury e-Invoicing Imminent

With the platform going live this month, all new payment requests for financial year 2013 will be processed electronically. The new centralised, web-based system promises to execute payment requests securely and more cost effectively than current paper-based systems. The e-Invoicing system will also help automate the internal workflows of the Treasury, with routing and approvals actioned automatically based upon various specified criteria.

Continue Reading…


Posted on September 14, 2012 in Announcements, e-Invoicing, Public Sector, Smart Admin by
Tagged as , , , , , ,
Comments Off

Dynamic Discounting / Invoice We Trust

Dynamic Discounting - Invoice We Trust

Regardless of how “good” a business may be, ultimately its fate rests on a solid cash flow. In order to continue trading, every company needs money to come in so that they can purchase raw materials, which can be processed and converted into saleable goods and in turn create more cash.

As harsh economic conditions continue to bite, businesses are delaying payment to their suppliers to moderate their own cash flow, but in doing so jeopardise the viability of the other members of their supply chain. So how does a business encourage its customers to pay on time, or better yet, early?

Continue Reading…


Posted on September 5, 2012 in Accounts Payable, Cash Flow Management, Celtrino Platform, Smart Admin, Supply Chain by
Tagged as , , , , , , , , ,
Comments Off

e-Billing: Downsize Your Mailroom

e-Billing: Downsize Your Mailroom

For decades futurists have been talking about the advent of the paperless office, and it now appears that the conditions for this dream have finally become a reality. Cloud-based services, high speed internet connectivity and exorbitant postage prices have all conspired to turn attention to the pain of running a mailroom.

Continue Reading…


Posted on May 28, 2012 in Accounts Receivable, B2B Platform in the Cloud, B2G e-invoicing, Celtrino Express, eBilling, Electronic Billing by
Tagged as , , , , , , , , ,
Comments Off

PDF Invoices saving you time and money? Think again!

Many providers and even some governments have been touting PDF versions of invoices as a genuine form of electronic invoicing. Whilst PDF attachments sent via email are certainly electronic, many of the benefits available through automated e-Invoicing systems are lost.

PDF Invoices saving you time and money? Think again!

A study published by AIIM (http://www.aiim.org/Research/Industry-Watch/Paper-Free-Capture-2012) reveals that PDF file attachments are in fact costing more than they are saving. How is this possible? Consider the following findings:

Continue Reading…


Posted on April 26, 2012 in Celtrino Platform, e-Invoicing, Smart Admin by
Tagged as , , , , , , ,
Comments Off

Make Sure “Lean” Does Not Mean Inflexible

The wider financial crisis has forced many businesses to cut back in order to secure their future. Cost savings through efficiencies have been a high priority for many. Some of these cost savings have  initially been realised through reduced headcount but as the downturn continues and growth remains delayed, businesses are looking at supply chain effectiveness to maintain the downward pressure on costs.

Undoubtedly most supply chains will benefit from some degree of rationalisation and consolidation making good use of the cost savings that arise as a direct result. However when it comes to making cuts, it is very easy to get carried away creating a supply chain that is efficient but inflexible.

As we have discussed previously, uncertainties relating to the supply of raw materials and potential disruptions caused by natural disaster or civil unrest require a company to be agile in order to adjust to the unforeseen. If too many resources are stripped and the supply chain becomes so inflexible that there is no slack or room for adjustment, the results could still be catastrophic even in the face of tiny fluctuations.

Ultimately, your business will need to decide how best to adjust your supply chain, which parts to improve and which to remove whilst leaving your business in an operational state. The ERP system used to manage your supply chain will also need to be equally flexible and customisable to mirror accurately the changes in structure.

Using a period of rationalisation also allows decisions to be made that will define the future of the supply chain. Many companies are taking the opportunity to invest in strengthening their core systems; those tackling the challenge with a long term view are investigating off-site, cloud-based solutions with the capability to shift in line with the company’s own changing needs.

Celtrino’s own Smart Admin platform provides all the flexibility required to remain competitive regardless of the wider financial environment. To find out more, why not give us a call?


Posted on March 28, 2012 in ERP, Smart Admin, Supply Chain by
Tagged as , , , , , , ,
Comments Off

e-Invoicing Up 20% Globally According to New Report

A new study commissioned by e-Invoicing provider Basware in conjunction with consultancy Billentis has found that the use of electronic invoices for B2B transactions rose by 20% during 2011. The report found that although many businesses elected to implement e-Invoicing for their own benefit, legislative changes in several countries also had a large part to play in the increased rates of adoption.

e-Invoicing Up 20% Globally

Mexico led the way with legislative changes, mandating that any business trading over a certain threshold must exchange electronic invoices – an approach set to be adopted by Greece, Spain, Norway and Kazakhstan during 2012. The Scandinavian countries, the Benelux union and German also introduced legislation designed to encourage the uptake of e-Invoicing, although most adoption throughout these states was as a result of businesses identifying their own economic benefits for doing so. Finland went one step further by insisting businesses submit invoices to state bodies electronically.

The study also found that the legal status of electronic invoices still varies between countries. In Japan and China, although electronic invoices can be exchanged, they are regarded legally as a copy requiring a paper invoice to be raised for regulatory purposes. Singapore, South Korea and Malaysia however grant electronic invoices the same legal status as a paper version.

Commenting on the results of the report, Karri Lehtonen, Vice President of Basware said, ‘Legislation regarding financial records varies between regions. Paper based invoicing requires a business to understand these legal variants to trade globally. e-Invoicing technology removes this headache as it automates compliance with countries’ different legal requirements.’

Further to Lehtonen’s observations, the use of an outsourced global platform for electronic invoicing has the potential to transcend diverse national legislation allowing businesses to focus on their customer’s requirements, without constructing complex EDI systems to cross borders. As more countries make e-Invoicing mandatory, the process will become more complex for businesses operating in multiple markets; a cloud-based platform such as Celtrino’s Smart Admin reduces the technical and regulatory burden on a business whilst allowing them to trade anywhere and everywhere.


Posted on February 24, 2012 in Cloud Computing, e-Invoicing, EDI, Report, Smart Admin by
Tagged as , , , , , , , , , ,
Comments Off

5 Ways to Reduce Administration Costs

Despite the turn of the year, 2012 looks set to be another year of austerity and cost reductions. Several well known names from the UK high street have set the tone by reporting less than impressive Q4 results and some are even entering administration.

Here are five suggested ways to reduce operational costs through increased backroom efficiencies.

Administration costs, Smart Admin, e-Invoicing

  1. Adopt e-Invoicing
    By converting to digital invoicing, a business can make immediate savings on staffing, stationary, postage. Factor in slightly less tangible factors such as time and the argument for e-Invoicing is hard to ignore when investing to make greater savings.
  2. Create dynamic pricing and discounting structures
    Offering customers discounts for settling payments early may reduce profits, but a healthy cash flow and balance book is preferable to a sheaf of outstanding invoices. A scale of sliding charges and fees can require intensive intervention to oversee however, so companies introducing such a system should look at implementing our third recommendation simultaneously.
  3. Automate your workflow
    To combat costly human error, introducing automation can speed each step of the payment process by removing the need for manual intervention. The less manual processing that is required, the smaller the margin for error and the less workforce required for accounts payable.
  4. Centralise
    Bring your financial operations into one department. Managing finances across different departments is time consuming, and if time is money, delays in financial processing cost your business. Cut the delays by bringing financial control into a single centralised location and you will recognise associated cost savings.
  5. Digitise your paper
    Your clients may not have an electronic invoicing and payments systems and so they will continue to return physical paperwork. As a result you will need to find a way of capturing this information and getting it into your own accounts system.

Using an electronic invoicing platform like Celtrino’s Smart Admin can help achieve each of these goals and thereby slash costs as a result. Interested? Get in touch to find out more!


Posted on February 22, 2012 in Accounts Payable, Business Process Automation, Cash Flow Management, e-Invoicing by
Tagged as , , , , , , , , ,
Comments Off

Page 1 of 512345»