As the economy declined, we started thinking of ways to help our customers remain strong during the tough times. We asked ourselves, "How do businesses stay profitable during a down economy?" The answer was simple - increase sales and/or decrease expenses. Easier said than done, right? Maybe not. While we couldn't do much to increase sales during challenging economic times, we could offer ways to decrease operating expenses. As a provider of business software solutions, we could help our customers automate and control their purchasing process to minimize expenses. I'd like to share with you the top 4 ways our customers are utilizing
#1 Control Employee Purchases
Many companies today are still "casual" in their controls around employee purchases. Their purchase approval process remains a manual, paper-driven process. With a lack of control and automation, employees may make purchases first and submit the expense for reimbursement after the fact. Managers may spend time following up with employees and asking them to write up a request, even though the items are already being used. This type of outdated purchase approval process can create budget overruns leading to unexpected expenditures.
Microsoft Dynamics GP offers a web-based
Stay tuned for my next post for Tip #2.
by The Resource Group -