Sage 300 ERP for Defense Industry
Defense is one of the most crucial and important domains for any country. With billions of money spent in keeping the defense of the country up and running is a huge task. In this domain security and control maturity are the major points of concerns not only for the country, but also for the company which is responsible to supply very quality arms and ammunition to the country and its respected departments.
It is well observed over the past few decades that the trade in defense equipment is showing an upward trend in the global market. Hence, it is important for the manufactures of the defense equipment to set up their office at different locations around the world to not only capture the world market but also serve their customers well.
Be it any industry, accounting and management of resources is the prime need and requirement of the company. Likewise, even for defense manufacturing industry, using accounting system is well-advised. Sage 300 ERP is the ultimate solution to all the accounting needs of most industries including a defense manufacturing unit.
Sage 300 ERP for defense Industry provides top of the line security for all the transactions which is an essential requirement of the industry. All the expenses of the offices at various locations can be recorded and reported smoothly. The child company’s database can be integrated with the parent companies database and the officials at the parent company can get data real time from anywhere and any device.
Other accounting like Expenses accounting is an important activity which is carried on by the child firms by the sub units or the subsidiaries of such large industries. Sage 300 ERP facilitates Multi-currency transactions, which makes it easier for the child firms to record the expense and report it to the parent firm in some other location which is usually in another country.
With unique features of Sage 300 ERP for defense industry, the manufacturer can concentrate on the main stream activities and accounting activities which can be easily handled. All the expenses which are carried out by the child firms can be easily reported to the parent country firm from the system itself.
Sage 300 ERP for defense industry facilitates reporting as the requirements of the top level management which means that the top level management can generate report as per their requirement and for the fields that they want to see the information for.
Hence, Sage 300 ERP is very suitable for such huge and dynamic business operation, for tracking expense and profitability cost Centre wise, employee wise, project wise etc.
Originally published at www.sagesoftware.co.in on July 6, 2015.