Accountants Hub

Accountants Advice
Running a Business

Running a Business

Running a small or medium business can be time-consuming and resource heavy, especially if you’re still learning the ropes and understanding what works and what doesn’t. Leading solutions from Sage that support automation and help you streamline fundamental but mundane tasks, allow you to take the hassle out of your day-to-day so you can focus on the bigger picture. With a focus on adding value to your practice by assisting you to better serve your clients; you’ll be able to free up much needed time and create space for the essential elements of your role. Everything from invoicing and receipts to cashflow control and paying your workforce can all be managed without fuss on Sage’s suite of accounting services. Here’s a guide to understanding what each solution enables your business to do, so you don’t have to spend too much time thinking about it:

  1. Accounting & Financial Management: Enables small to medium businesses to make strategic, profitable decisions on the go without missing a beat. Sage Intacct is everything you’ve been looking for in an accounting software package! Built around the notion of freeing up your team’s time so they can focus on more important tasks, this solution integrates with existing tools and allows you to automate tedious processes and responsibilities like cash and order management, billing and purchasing.If you’re looking to automate and streamline the management of the following fundamental financial tasks, then Intacct is the solution for your business:
    • Accounts Payable
    • Accounts Receivable
    • Cash Management
    • General Ledger
    • Order Management
    • Purchasing
    • With a fully-customisable and automated dashboard, you’ll also have a real-time view of essential information that can navigate smarter ways of working and cost saving.
  2. Business Management: Enterprise resource planning is critical for the success of any business. If you’re under resourced, it could impact turnaround times and overall client satisfaction. Conversely, if you’re over resourced, you’ll feel it adversely on your bottom line.A robust ERP system is key to ensure you have sight and control over everything from your supply chain to your sales data. Small and medium business owners can reclaim control with a new era of ERP, thanks to Sage X3.With 3 powerful tools to manage all your business functions, you’ll have a complete view of where everything is – as well as where it’s not! Sage X3 is the manager you never knew you needed to hire.
    • Production Management: Allowing you to get to market quicker by managing everything from shop floor control to project management and quality control.
    • Supply Chain Management: Real-time transparent inventory monitoring that ensures you’re able to keep ahead of demand and deliver timeously.
    • Financial Management: Have ultimate control over your bottom line with unmatched financial reporting.
  3. Cloud Solutions: When it comes to running a successful business, focus is everything and being able to pay attention to the things that matter most is imperative. Having the ability to leave everything else in the capable hands of a reliable cloud platform that adapts to your needs has become a game changer for small to medium business owners.Sage’s cloud-connected solutions allow you to manage your business and its core functions from anywhere, at any time. The global pandemic has shown how important it is for businesses to embrace working remotely and have the infrastructure in place to support changes in the way you operate, which means investing in a cloud solution is a no-brainer.With Sage 300cloud, you’re able to connect to your entire operation by a single, integrated solution, consequently granting you greater visibility over your business as well as the freedom to work from wherever you like.
  4. HR and Payroll:  As your business grows and you take on more and more people, it’s paramount to have complete control over your HR and payroll processes. With anytime, anywhere access and less admin to deal with, you can streamline payroll processes and gain insights into their workforce for strategic and agile decision making. Sage Business Cloud Payroll Professional offers a wealth of modern payroll functionalities that enables growing businesses to manage and pay their employees accurately and on time. Further, automatic legislative updates ensure your business stays compliant with everything including PAYE and UIF.

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FY24 Partner & Accountants Kick-Off

Expanding the reach to include the Accountants within our ecosystem as we activate the full ecosystem for FY24 Success.

From date: Monday, 20 November, 2023

To date: Wednesday, 22 November, 2023

Time: 9:00 am - 6:00 pm

Venue: Cape Town, South Africa