April 5, 2022Inventory
Business owners and individuals who are in charge of managing the enterprise’s day-to-day accounts can often find themselves frustrated and overwhelmed by the amount of information they oversee and the scant resources they have to control it.
Spreadsheets and other manual forms of entry can fail because of their propensity for human error.
The solution to this stress and confusion may lie in double-entry accounting record systems and similar enterprise resource planning software programs.
Read on to learn more about DEAR systems and how they may be the key to helping your business grow in a healthy way.
3 DEAR Systems Facts for the Business Owner or Manager
The business-to-business world in Australia is fast-paced and composed of multiple transactions, loans, onboardings and more every day.
Can you and your staff keep up, or do you feel as though you are falling behind?
B2B virtual platforms that are programmed to catch your mistakes, collect financial information from different software and function over a distance can minimize team-wide stress and help you grow your company quickly and efficiently.
1. DEAR Systems Assist in Minimizing Human Error
If you have a knack for building airtight spreadsheets, you may not see the point of having a professional ERP do the work for you; however, be aware that many people make small mistakes even on their best days at work.
Consider the time you could use for other important tasks while an automated system collates information for tracking inventory, monitoring credit checks and more.
2. DEAR Systems Can Sync With Other Software
Do not worry about converting your current software to another platform.
DEAR systems can be used seamlessly to pull information for multiple accounts across many software platforms to show all the necessary data in one place.
This cohesion can help in multifaceted transactions — or it can be a great way to check your company’s financial health in one go.
3. DEAR Systems Can Be Used Remotely
Spreadsheets and other older accounting systems, even if they are perfect, can often be left behind on an office computer, stored on a hard drive no one can locate at a moment’s notice or shared the wrong way or in the wrong file type with coworkers.
By using DEAR systems, you ensure that your information is accessible, located in only one place and easy to understand by everyone who views it.
As a bonus, everyone who needs to access pertinent or time-sensitive information will be able to do so from wherever they are.
Get In Touch With Pencil One
If you are a business owner or oversee several accounts, you know how limited your time is during the workday.
PencilPay can assist you in determining information regarding trade credit loans, payment collection and credit checks so that you will never lend to the wrong company again.
To learn more about our operation as well as how DEAR systems may fit into your business goals, get in touch with us today.