Artificial Intelligence in Finance

Posted by David Burke on May 9, 2023 2:54:46 PM

This is a topic that I am passionate about and I thought now would be the perfect time to write this article. With so much hype surrounding AI these days, it’s both mind-blowing and scary. Only a short while ago, we were amazed by the power and capabilities of AI. As time has passed, its boundaries have become much more blurred. Where can it go from here? What are the societal implications of AI? The other factor that I find both exciting and scary is the speed at which technology is moving. Have humans created intelligent beings with potential to outwit and potentially deceive humans? How is that even possible? Regardless of where you stand on this topic, it's fascinating to see.

Read More

Keeping Your Finances in Good Health Amid Rising Inflation

Posted by Steve Boyes on Apr 19, 2023 5:03:12 PM

No business has escaped the inflationary surge over the past year. During these very uncertain times, many organisations have had to re-adjust and re-calibrate as they try to manage their finances and fluctuating costs caused by inflation.

Higher prices for goods and services impact on production costs, resulting in increased consumer prices and potentially lower profit margins. This can lead to reduced consumer spending, slower economic growth and greater uncertainty for businesses. In addition, rising inflation can (as we have seen) directly affect interest rates and the value of currency, making it difficult for businesses to expand into international markets.

Read More

Using Sage 200 to Overcome Common Inefficiencies

Posted by Steve Boyes on Feb 23, 2023 5:03:05 PM

Over time, it isn’t uncommon for businesses to find themselves in a situation where they’re using several different software solutions to manage everyday operations. Many will implement new software as and when their needs change, particularly during times of growth, resulting in an overly complicated and inefficient way of working.

If you have separate software solutions in place to manage things like your accounting, supply chain and customer relationships, you would likely benefit from upgrading to one all-encompassing system. However, the up-front cost of a new system can be off-putting so many will try to convince themselves that they’re coping just fine with their current software and that their inefficiencies aren’t holding them back.

The truth is, your software will have a direct impact on your ability to grow into a thriving business. Using Sage 200 to overcome common inefficiencies can transform your operations and enable you to run a faster, more connected business. Below we have listed some of the most common inefficiencies faced by small and medium-sized businesses, and looked into how Sage 200 can help you to overcome them.

Read More

Are You Running Your Business or Is Your Business Running You?

Posted by Steve Boyes on Jan 11, 2023 9:23:18 AM

As business owners and executives, we find ourselves with an ever-increasing to-do list and just when you think you're on top of things, it grows longer again. Do we actually thrive on being busy or do we crave a little less chaos and a little more control?

If things are going well and demand is high, then it’s all hands on deck. The sales, operations, procurement and finance teams are all busy, and they will be working away to meet customer requirements. If business isn’t doing particularly well, operations may experience some “calm” time, but other teams like management, sales and marketing will be working even harder to re-imagine, re-invigorate, re-engage and work out a strategy to generate additional revenue.

With all this busyness constantly going on around you, it can be easy for important tasks to get pushed to the bottom of your ‘to-do’ list time and time again. You may find yourself spotting issues when it’s just a little too late and all of your best-made plans for the day being scrapped as you try to find solutions to whatever it is you’re up against. Being hit with several reactive situations throughout the day such as your top salesperson being poached by a competitor, an important project missing a milestone or your best customer being let down with a late shipment, can cause you to take one step forward and two steps back every day.

Read More

Sage 50 Upgrade to Sage 200 - 4 Reasons Why Companies Are Stepping Up

Posted by Gerry O'Donohoe on Aug 18, 2021 3:46:21 PM

How do I know if Sage 50 still suits my business needs? 

Sage 50 began its life over 25 years ago as a product called Sage Sterling. It was really the beginning of small businesses having a Windows-based cost-effective in-house system for managing their finance function. This was an accounts package that was simple to use and gave small businesses the autonomy and control they needed to run and manage their businesses their way.

 

Traditionally, Sage 50 and other small business accounting systems were installed on a single PC or perhaps on a small network. They tended to focus on the core needs of the finance department although over time, they began to become more central in the operations of small businesses, with functionality such as Stock Control and Order Processing happening in real-time across the business.

Read More

Welcome to our blog!

Welcome to our Help and Advice Blog. To get the latest help and advice from our expert team on a range of topics, click below to subscribe.

Recent Posts

Follow Us