review your business every year?
areas do you look at for improvement?
we're busy with work, we are so focused on the
projects we are working on and the relationships
we're building that sometimes the back-end
administration side of business gets
time for an annual review is one of the best ways
to make sure a business is functioning well behind
the scenes and improves processes to be even more
successful this year.
you reviewed your business
Do you have a cash flow problem? Are you
collecting the Accounts Receivable in a timely
+ Are you paying your payables
in a timely fashion that you can take advantage of
discounts allowed by the vendor?
trouble with Inventory? Are the lead times by the
supplier recorded in the system? Is the
safety stock correct?
+ Should your
pricing schedule change?
you implemented the features of ALERE Business
Applications that allow productivity?
Collecting email addresses of customers and
vendors to allow documents such as Sales Orders,
Invoices, and Purchases to be sent from the
system. Saving mailing costs and employee
Adding account distributions to allow automatic
assigning general ledger accounts to a Payable for
a specific vendor. Saves time in entering the
distributions when entering a Payable and
eliminates the possibility of accidently entering
the wrong account!
Utilizing the Proximity Location feature to
organize your Sales Staff in calling or visiting a
certain area for both Prospects and Customers. Set
up a Location Rule for prospects!. Your sales
person can enter a zip code and the prospect rule
and see what prospects are in a particular area.
This is a great tool for sales!
Needing to look at a specific number of accounts
on an Income statement? The Account Filter Rule
allows only specific accounts to be displayed thus
allowing analysis of certain sections or
combinations of sections of the business.
Fetch is an awesome tool that can find invoices,
checks, items on a sales order or purchase order
with a click of a mouse. Fetch allows the
task of finding critical information in the system
quick and easy, saving time and allowing better
the time to review the procedures in your
business. Identify your bottlenecks. Once you've
analyzed each of these areas and pinpointed areas
for improvement, prioritize the list and plan the
improvements for the year.
avoid being overwhelmed, focus on one area each
month in implementing a new procedure. Making
the process of a year review an ongoing focus will
keep it fresh in your mind and make the annual