Browse Category: Business Development

Podcast

[NEW] Sage 50 UK Integration

 

Sage 50

 

Sage 50 UK Integration with ProcurementExpress Ensures Easy Purchase Order Management

More than 400,000 UK businesses, both startups and large enterprises rely on Sage 50 for accounting and finance management needs. The versatile software is a desktop accounting solution that syncs to the cloud and offers a multitude of advanced features including financial reporting and in-depth stock management.

 

One of the major challenges that finance and accounting departments in the UK faced was that they had no option but to manually input purchasing data into Sage 50. The other alternative was to provide access to the purchasing department which raised security and confidentiality issues. With ProcurementExpress.com native integration, that’s about to change.

Continue Reading

Purchasing Transformation in The Post-Pandemic Era

 

Post Covid purchasing transformation

A company purchasing process is a system for employees to buy products and services, encompassing the purchase from employee requisition to purchase order –  including reporting on proof of product receipt and payment. How that’s been done has considerably changed and is now rapidly transforming the future for private, corporate and government organisations. We all want to have a peek at the inside scoop! Especially when it comes to our tax money. Continue Reading

How to Know if Your Business Will Be Around in 10 years

Business will be around, business built to last

Whether you’re just starting out or running an established operation, odds aren’t in your favor. Over 70% of small businesses fail before reaching their 10th birthday. Will your business be around in ten years?

Businesses fail for all sorts of reasons. In the beginning, getting beyond the startup phase is no small feat. Businesses face cash-flow problems or fail because of poor budget planning. Companies succumb to stronger competitors and customers have no incentive to remain loyal.

Continue Reading

a cropped image of zombie with blood on his mouth

“Ops Know Where the Bodies Are”

If you work on a finance team long enough, you get to hear lots of stories.  Some of them you’ll take to the grave.  Some, you can anonymise a bit and share with the team.  This is one such story.  A customer of ours, let’s call him Gary, was tasked with incorporating a newly acquired business into the group.  It was a great chance to expand into a new market as well as pocket some well deserved cash-flow.  The deal was done, the CEO was happy and it was time to start bringing the new company into the fold. Continue Reading

What’s The Difference Between a Purchase Order And a Sales Order?

purchase vs sales order

Some people still confuse purchase orders with sales orders. I am not certain if what confuses them are the words “purchase and sales” or the “order” at the end. While there is an overlap between purchase and sales orders, they differ greatly.

Misunderstanding these financial terms is not an option. So, I think drawing some parallels between the two would help.
Continue Reading