We hope you found the first 5 tips for controlling costs helpful. Here are 5 more things that we think could help you achieve your goals:

1. Build and share financial reports online: Developed for accounting professionals and C-level executives needing powerful, easy-to-use GL reporting software, the BMS eBoard App for Visual provides a 360 degree view of your GL and lets you to access real-time financial data, drill down to supporting details, and export financial statements to Microsoft Excel in one click. Read about how the FinBoard App has transformed the way Viking creates, distributes and uses financial information.

2. Quickly import mistake-free purchase orders into Visual: Have you been creating purchase orders by copying and pasting part numbers, quantities, and prices back and forth from spreadsheets? Do you know that copying data from an external source such as an email can carry spaces that are then converted into characters when pasted into Visual and can create some data issues? There’s a better way to do it that saves time and eliminates the inconsistencies as well as mistakes inherent in the copy and paste process. The BMS PO Import App integrates seamlessly with Visual and will do the work for you in just a few seconds.

3. Automatically load customer orders – error free! Are your customer service representatives spending too much time copying orders from emails? Are you absorbing warranty costs because of mistakes in the order taking process? You can avoid those unnecessary costs and improve the quality of the data at the same time. The BMS CO Lines Import App makes creating Visual sales orders fast and error-free. The only thing your sales reps have to do is make sure the price is correct!

4. Simplify your PO receiving process: When a vendor has to send items you purchased to other locations (typically called drop shipments) it becomes challenging to track the status of that inventory and update Visual accordingly. Not only is it possible, but it’s easy. The BMS Bridge allows you to import your Vendor packlists to create the PO Receiver while validating quantities, price, and other required information, loading the relevant trace IDs if necessary. This app saves both time and money while improving the accuracy of the inventory. 

5. Automate your financial reconciliation processes: These are challenging times for CFOs and Controllers who need to focus on cost reduction and budget revisions, while ensuring normal financial tasks are getting done on timely basis. You can save a lot of time by automating the reconciliation of your Inventory and Visual Subledgers with the following tools:

• • Inventory and WIP Reconciliation App for Visual ERP provides clarity on where your inventory issues are and what discrepancies you need to fix. It ensures you create a repeatable and predictable reporting process that helps you lower costs and operate more efficiently. It is easy-to-use and you can get it up and running in less than 15 minutes. 
  • Financial Audits App for Visual ERP finds reconciliation discrepancies by sub-ledger in a matter of seconds. It includes the following modules: PO Accruals Reconciliation, AP Audits, AR Audits, Cash Analysis, and Manufacturing AUDITS. 

Well, that’s a wrap. We’ve provided you with a lot of tips, tools, and ways to monitor costs, increase visibility and improve efficiencies. We hope you’ve found this helpful.

As always, we’re here to answer any questions you may have about increasing efficiencies of your Visual ERP system. Book a free introductory consultation online or call us at 604-888-3194.

Thank you for reading.

Stay well.  Stay connected.

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

https://bms365.com/
Connect with me on LinkedIn