ERP for Shipping and logistics Industry
As we all know that shipping and logistics industry is one of the largest growing industries in the world & over 90% of transportation and trade is carried via shipping and logistics. Without shipping and logistics, import & export of bulk goods & amenities across the world would not possible.
To run such a big business is not an easy task as there are lots of challenges which this industry faces in their daily routine like labor cost, Freight cost, Maintenance cost, ever increasing fuel cost, Assets, Import export duties, High Valuation Asset Tracking, Maintaining stock records of materials, Follow up with clients for payments, Record of damage goods, Maintaining material prices.
For managing all these processes, the company needs a robust and a scalable solution which will give the company a single view of all their processes and prepare reports according to what the management wants. Customized reports, seamless processes and actionable data helping make strategic decisions on the go is what the management should look in while getting a business solution.
How Sage 300, ERP for Shipping and logistics Industry meets the above mention challenges.
- Sage 300, ERP for Shipping and logistics Industry helps us to record costs like labor, freight, maintenance with the help of additional cost feature & maintaining the cost records will also help us to reduce or overcome the cost with proper planning.
- The most important function of the admin team in a Shipping and Logistics company is to maintain records of customers so that we can build good relationships. It also helps us to follow up with customer for payments & for consignment details etc. But sage 300, ERP for Shipping and Logistics Industry is beyond this. It not only helps you to maintain the customer record but it also has features wherein we can send weekly outstanding of credit customers through auto mailing. This feature has been proved very helpful to customer support team.
- Sage 300 provides sales register report which gives them invoice wise revenue & also helps the management to keep record on taxation invoice wise.
- Sage 300 helps the accounts team to Pullout Gl Listing report in detail which will helps them to check invoices wise details.
- As the scale of shipping and logistics industry is very vast and the major concern of such a big organization is always to reduce or track the expenses which they have incurred through the organization, Sage 300 has a very useful feature which we called as “Cost center” wherein while invoicing, the user can select the value of cost center and with the help of this user get the data cost center wise from ‘GL transaction Detail Optional field report”.
- There is some cost which we cannot reduce as the same is fixed by government. But at least we can maintain the records of such cost. Like fuel it is one the big cost for shipping and transport industry & with the help of sage 300 we can keep a track on this cost like from inward to consumption of fuel machineries wise.
- Maintaining stocks of consignment, damage goods are also not an easy task. But sage 300 helps us to maintain both with the help of inventory control module wherein we can also maintain the goods warehouse wise or location wise.
- Shipping and logistics industry incur a lot of their cost on assets and keeping an eye on all the inventory it not an easy task. But in Sage 300, ERP for Shipping and Logistics Industry, right from procurement to Disbursement of asset is controlled under one roof. It also flexible with upcoming all depreciation methods & You can have reports like asset register which provides vital data on asset life cycle like when you have acquired the asset, cost of the asset, Depreciation of asset, disbursement cost of asset etc.
- Regarding receivables management, Sage ERP Solutions provides debtors ageing report which provides details like how many invoices raised against the customer, how many invoices have crossed free credit period and how many invoices falls under danger point. These kinds of data are beneficial to follow up with the customer for clearing outstanding.
To know more about ERP for Shipping and Logistics Industry and what ERP solution is best suited for your industry and business vertical, SMS SAGE to 56767. You can also write to Sage Software Solutions at email@example.com
Originally published at www.sagesoftware.co.in on November 13, 2015.