As Visual ERP users are looking for ways to adjust to the “new normal”, we thought we would share our top 10 ideas with you. It’s a lot to take in so we’re publishing 5 today, and another 5 next week.

1. Reduce supply chain interruptions: One of the big concerns manufacturing companies have as a result of COVID-19 is supply chain interruptions. If you haven’t already done so, now is a great time to implement ACH and start paying vendors electronically. We offer an ACH App that securely integrates with Visual ERP, offering an efficient way to pay vendors electronically from your Visual system enabling management teams to approve payments right from their home office. A quick chat with your bank and you can quickly streamline vendor payments. Learn more here.
2. Enable a remote workplace by going digital: Going paperless (an important aspect of a successful remote workplace) can make a company much more efficient, thereby saving valuable time and money. The BMS Paperless App will help you improve communication with Customers, Vendors and Prospects, reduce expenses associated with managing and storing paper documents, and also gives you easy access to information required for quick and effective decision-making. Benefits include quicker collection cycle, better organized information, reduced paperwork and overhead costs, streamlined business processes, and more effective collaboration across the enterprise. You can automatically email Invoices, Customer Statements, Remittance Advice Slips, and more!  Watch video. 
3. Get cashflow clarity 12 months out: Cashflow is king in any business. The BMS Procurement CashFlow App for Visual Mfg is a single source tool for finance and procurement that projects a rolling 12 month forecast for purchased items (parts, expenses and services), with the ability to produce monthly variance analyses. This solution projects your expenditure to anticipate and resolve cash-flow issues long before they have a negative impact on operations. For more information or to schedule a demo contact us at 1-604-888-3194 or email us at info@bms365.com.
4. Control excess supply: The manufacturing world is being impacted at an unprecedented pace. Customers are cancelling orders and finished products can’t be shipped because of border closures or carrier delays. Quick analyses help you make real-time adjustments to supply, allocation of inventory and resources. The BMS Projected Qty App offers a “big picture” lens on inventory, identifying opportunities for immediate action like; what inventory will have surplus in the next 6 months, what orders can you defer for now or renegotiate with suppliers, and what shortages do you need to resolve asap to avoid delays on orders that otherwise would ship on time. 
5. Maximize profitability: Now is the time to analyze the profitability of each revenue stream and eliminate or improve those products or contracts that are not performing well. The BMS GP App for Visual ERP gathers all the necessary data so that you can make smart decisions and quickly improve your bottom line.

That’s a lot of info and hopefully you’ve found it helpful. We’ve got 5 more cost control tips coming your way next week. If you have any questions or would like to chat with us about how you can control costs, just call us at 604-888-3194 or book a free introductory consultation online.

Thank you for reading.

Stay well.  Stay connected.

Valeria Vicco
Visual Financials Specialist
Phone: 604-888-3194

https://bms365.com/
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