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Momentum Software Blog

Is it time to take control of your stock?

Poorly managed stock can lead to delays, confusion, reduced cash flow and even disputes. But if managed correctly with the right system it can bring multiple benefits to your business and improve your overall profitability.

The new version of Exo Business 2015.1 is packed full of features that enhance the sales process and provide greater efficiency in documentation and ordering. 

 

Recognised with Excellence in Business Growth Award

Melbourne, Australia – Thursday 5 March 2015

Based in the Sunshine Coast, Momentum Software Solutions has been awarded with MYOB’s Excellence in Business Growth award, at the MYOB Enterprise Partner Awards in the Gold Coast last night.

Attached are Statements of Direction about MYOB Exo Business and MYOB Exo Employer Services issued by MYOB

Choosing an ERP Solution

If you’re considering an ERP system for your business, the chances are you are overwhelmed with the copious amount of options. You will have to choose a solution that is cloud-based, installed locally on-premise - or hosted.

Types of ERP solutions
Let’s look at the three ways that ERP software is deployed:

Job and Project Costing

What is job and project costing?

Job and Project Costing is an accounting technique used to work out the exact costs of materials, labour and overheads of any given job. It’s a crucial tool for managers to get a handle on their projects’ profitability, which ultimately determines their success.

The big question that comes up during the discussion on companywide business management solution (BMS) implementation is how, and when, can the return on investment (ROI) be realised? And the challenge most BMS vendors have is then selling the business case to senior management.

So it is essential when developing a case for a BMS implementation, that the return on investment does not just imply financial gain. Of course there are financial gains in the long run, but, there are other ways of realising a significant return on investment:

With a fully integrated business management solution (BMS), you get the insights you need to optimise your processes and to gain full visibility and control over your inventory, financial reporting, point-of-sale and customer/supplier information.

Here are just some of the reasons why investing in a BMS makes good business sense:

Target your marketing

In order that your marketing efforts are as cost effective as possible the first step is to identify who you are targeting. If you target the wrong audience the leads you generate will not be quality leads.

Review your current customer list and identify who at the moment is your ideal customer. In your CRM - Customer Relationship Management software you will have the capability of classifying your current customers. You can set up a classification system as per below:

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