January 8, 2020
papers with pen on the top

7 Bookkeeping Tips to Help Improve Your Business’s Financial Records

According to the Small Business Administration in US, almost half of newly-established companies fail within their first five years due to poor financial management. While it’s a no-brainer that companies […]
December 18, 2019
hand typing on a laptop

What Is an Integrated Accounting System and How Can It Help Your Company?

In simple terms, an integrated accounting system is a software package that consolidates several major financial accounting processes. Whereas businesses were once dependent on keeping separate books and files for […]
December 4, 2019
Girl writing on clipboard

How Materials Requirement Planning Can Help Improve Your Inventory Management Process

Materials requirement planning, or MRP for short, is the term for a computerized system that helps businesses manage the inventory control, production schedule, and purchasing schedule of manufactured products. Previously, […]
November 13, 2019
Cost

Understanding the Concept of Cost Modeling in Your Procurement Process

Cost modeling is a key purchasing strategy that helps companies understand what factors determine the cost of their products. Even if this is the first time you’ve heard of the […]