Deciding upon the best accounting software solutions for your manufacturing or wholesale distribution company means taking a deeper look at what information your company needs to be successful. Since manufacturing and wholesale distribution companies rely heavily on accurate and timely information, one of the primary requirements of its accounting software is that it needs to be able to effectively manage your inventory, whether it’s finished goods, raw materials or both. It’s critical that you know what you have, what it cost (i.e., “landed cost”), how many are on hand, on order, and where the goods actually are in your warehouse(s). This actionable information is critical to managing customer expectations and order fulfillment.
You might have access to some of the data you need, but some information is probably missing. Oftentimes, simply having data doesn’t give employees what they need to know in order to make quick decisions. And it’s more than likely outdated, which leads to wasted time as new reports need to be compiled manually to transform the data into information. Real time data that is compiled automatically or with a simple request delivers valuable information, which saves your company time, money, and results in higher profit margins. Margins are already thin, but a better information management system can separate your business from competitors in the highly competitive manufacturing and wholesale distribution industries.
Silverware’s accounting software solutions are built on Microsoft Dynamics NAV and Dynamics 365 for Financials and deliver great visibility into your inventory levels for components used in multiple bills of material which can easily be taken into consideration for material requirements planning (MRP). A robust system for inventory control offers advanced functionality and scalability and allows you to know what you have and where it is before you start looking for it.
Silverware offers the best accounting software solutions for your manufacturing and wholesale distribution company because it handles the complex business functions that simply cannot be tracked effectively using an entry-level accounting package (e.g. QuickBooks, MAS 90), spreadsheets, or even dry erase boards. The days of keeping track on Post-It Notes and lunch bags are long gone.
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