Distribution Accounting System
Distribution Accounting – Sage 300 ERP
With increasing competition and smaller profit margins on a per-sale basis, your distribution business is likely facing rising pressure to lower operational costs, establish new competitive advantages, and improve your ability to meet customer demands. A comprehensive accounting system designed specifically for wholesale distribution demands can help improve your business efficiency and productivity. Aside from industry specific functionality, Sage 300 ERP’s distribution accounting system contains all the required modules you might expect in a standard back-office accounting package. Accounting features include the ability to print checks, pay bills, track expenses, manage payroll, create orders and invoices, manage receivables, establish budgets, perform bank reconciliations, and create top level financial reports.
Optimizing Inventory Control and Purchasing
There are numerous reasons that it is so important for distributors to have the right predictive software to help optimize inventory. Maintaining excess inventory eats away at profits, by incurring additional storage expenses. Additionally, items that don't move often need to be liquidated at below ideal prices and sometimes even at a loss. Keeping a large amount of inventory also means decreased agility and ability to meet changing customer needs.
Meeting Customer Demands
Successful wholesalers and distributors are looking more and more to try to keep the minimum amount of inventory to meet customer demands. In order to employ this strategy and reap the cost saving benefits associated with it, it is critical to have visibility into upcoming purchasing requirements. Sage 300 ERP’s software tools for distributors are providing wholesalers with this capability. When inventory control, order entry, and purchasing are integrated, distributors gain the ability to assess historical data, upcoming orders and forecasts, and predictable trends such as seasonal demand changes in order to plan their purchasing. Intelligent purchase order systems also provide the ability to perform complex calculations that can provide insight into how to reduce costs by taking advantage of volume buying discounts and how to select the right supplier to both meet customer delivery dates and minimize expenses.
Software for Promoting a Customer-Centric Approach
As distributors look to create competitive advantages, another key driver for increasing customer satisfaction is improving turnaround time and shortening order cycles. Customers are increasingly looking at differentiators such as delivery time in order to make their buying decisions. By integrating information between the sales staff and the warehouse, Sage 300 ERP is providing better visibility into the order fulfillment process. Aside from decreasing the time needed to process orders by making information available between departments in real-time, increased visibility allows for easier collaboration in resolving issues.