Should we keep our Payment Mgmt system?

​This question has arisen as NAV 2016 has a standard international Cash Management feature, which in some areas, overlaps with the Topaz EFT module, i.e. Payment Management. Topaz EFT Payment Management Our answer is if you want to have a New Zealand centric solution specifically designed for New Zealand trading terms and condit...
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CFO’s must lead in modernising the Business

In today's cutthroat economic environment, where global business is transacted across multiple time zones on a punishing 24/7 basis, speed in decision-making is essential. Every second counts in assuring a company's performance lines up with strategic intent. Such is the price of success. Organisations that can capitalise on real ...
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Benefits of Expense Management to CFO’s

Expense management is an important process for any business, big or small.  Yet, very few on the executive level think to consider the money and time lost by using Excel or other spreadsheets and systems to complete expense reports the old-fashioned way. Web based expense management systems allow employees to upload their rec...
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Gaining better terms with suppliers

As Finance teams implement Paperless Accounts Payable solutions, like our Document Capture add-in for Microsoft Dynamics NAV, we are seeing those same companies achieve better buying terms with their suppliers. Suppliers are able to reduce their workloads and expenses by continually having to supply duplicate invoices and the...
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Five reasons why CEO’s and CFO’s should care about Enterprise Resource Planning

For many CEOs and executives, the Enterprise Resource Planning (ERP) system is just the business management software that keeps things running in the background. However, innovative and forward-thinking CEOs and executives have recognized ERP's potential to significantly transform their business processes and add exponential value, which ultimately...
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Can a new ERP and Finance solution really raise productivity dramatically?

I see all the time Finance teams wanting to improve their companies productivity and also their customer's experience. A lot of the time they are relying on foundation accounting and business practices based in the 1930's, and expecting these same practices to deliver the results wanted in the 2015 era. When Topaz has implemented a modern...
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Account Payable Automation - Provides Huge Benefits

Accounts Payable departments have typically lagged behind other functional areas in their use of automation to streamline processes, yet the potential benefits of automation in this area are considerable. Main Ingredients Convert all paper invoices into digital invoicesAutomate data capture by utilisation of a clever OCR engi...
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Work flow or business process automation?

With the release of the out-of-box advanced workflow functionality in Microsoft Dynamics NAV 2016, we are seeing businesses tune-in to automating business processes like never before. Rather than just thinking about workflow for a single person or sub-team, they are thinking on automating the whole business process both in-side an...
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Avoiding Pitfalls in Building Business Intelligence

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Will we need offices in ten years’ time because of mobile software solutions?

Seeing the frightening traffic in Auckland and Wellington every morning you have to ask yourself WHY? Why do we lose so much productive time lining up in traffic, paying exorbitant parking fees and maintaining expensive cars? The mobile generation appear to have the answers here. Stop spending money on making people beha...
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Workflow a huge improvement for NAV 2016

With the release of Microsoft Dynamics NAV 2016 this year we have seen the amazing addition of a comprehensive workflow module. This is far more than workflow approvals of documents and validation of delegated financial approvals, as was included in previous NAV versions.​ We now are able to offer Clients a platform for them t...
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BI for the Business User

According to Software Advice, a BI Market Research company, · more than 60 percent of prospective BI software buyers are not IT professionals. Instead they have job titles that correspond with business professionals like CFO, Operations Manager, or Marketing Executive. · Almost half of all prospective buyers are looking for BI sof...
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Contract Management

Contracts today form the backbone of all business transactions and relationships.  Even if poorly documented, agreements enforceable by law dictate the terms on which most business will be performed. Contract Management is a term used to describe the processes we use and activities that we undertake in order to ensure that co...
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Intra-Company Collaboration

While collaborating within one's company may seem easier than collaborating externally, many businesses have a rather rigid functional barrier, so internal collaboration can be a challenge. Indeed, in the IDC Manufacturing Insights 2014 Supply Chain Survey, when asked what aspect of collaboration was a priority, the largest response was to focus on...
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Is Your Accounting Software Hurting Your Business?

For most businesses, it makes good sense to get started with basic accounting software. Then, as financial and customer service requirements demand, you can move to more sophisticated business systems. A logical approach. The challenge is in recognising the right time to make the switch. When you are immersed in the day to day operatio...
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Why is Customer Engagement Important?

Perhaps the most important focus area for manufacturers in the adoption of mobility tools is the ability to drive deeper customer engagement. While the goals of cost control and cost efficiency are important, the ability to drive further competitive differentiation with customers is at the heart of the business. In the process of compe...
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ERP and BI: When 1 + 1 = 3

Business operates at an accelerated pace today and decision-makers are forced to deal with an increasing amount of data. ERP Business Solutions provide the fiscal and operational system upon which you run your business. It standardises, streamlines and automates business processes and produces mountains of data.BI transforms data into ...
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Fear of changing Finance and ERP systems

Have you talked with people that have really struggled implementing a new Financial or ERP business software solution?  You know, the core business software to manage Sales, Purchasing, Payables, Assets, Warehousing and distribution and/or Manufacturing plus all of the processes in-between.When you read in the press some of the sp...
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Business Growing Pains

​Isn't it interesting just before we recruit people in our businesses we are at our most efficient?  Then, just following that new person starting, we seem to fall into the "pit-of-on boarding" taking yet other people off the jobs they were doing and direct them to help with getting these new people up to speed.It's no wonder boards and manage...
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The Changing Customer Experience

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Hartmut Otting
18 November 2015
Great businesses know where they are going and how they're going to get there. They also know nothing is more important than performance and delivering a good return. When people talk abo...

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