Top 10 Features of Sage 300 ERP Software
Sage 300 ERP is a proven ERP solution to tackle the growing complexities of modern business. It is a versatile tool that aims at reducing manual workload by streamlining business processes associated with accounting, manufacturing, distribution, and logistics.
Why Sage 300 ERP?
The use of a shared database through Enterprise Resource Planning solutions has been around for a long time. ERP allows the automation of back-office work and brings together the most significant processes in one place.
Sage 300 ERP is an innovative package that has been designed for small and medium-sized businesses and provides robust management of nearly every business vertical.
Sage 300 is completely scalable and is Windows-based, which means it uses Microsoft SQL database. It can be installed at onsite servers or hosted on the cloud.
10 Most Important Features of Sage 300 ERP
1. Customer Relationship Management (CRM)
Sage 300 can be used as CRM software that augments productivity, brings greater collaboration, and improves the experience of your clients.
Using the innovative Sage 300 CRM solutions, your marketing team can come up with brand new campaigns that provide profitable leads and generate higher sales revenue.
At the same time, Sage CRM module empowers your customer service department by furnishing comprehensive information regarding any customer with minimal effort, thus, ensuring informed decision making.
2. Supply Chain Management (SCM)
Sage 300 ERP has a robust SCM module that allows real-time collaboration with your vendors and thus brings down the cost of holding excess inventory.
Regardless of the type of business you are in, there is a need to manage inventory and streamline costs via efficient SCM. Sage 300 ERP is an effective way to accomplish this complex task from beginning to end due to its superb data management and analysis tools.
3. Sales Management
Sage 300 ERP has a flawless Sales Management function that allows easy maintenance of records related to sales inquiries, quotations, and orders.
Without prompt delivery in as little lead time as possible, customers would not renew orders. It eases, to a large degree, the process of communication between the sales team and warehouse management, which allows quick shipment of products.
4. Accounts Receivable
To grow your business, you sometimes have to sell goods on credit. But unless your clients pay, how can you meet your expenditure.
Accounts Receivable module of Sage 300 ERP provides automated billing as well as the collection process. Moreover, it can even be utilized for issuing refunds. The net effect is that instead of spending several dollars to process every invoice, you are spending a few cents, and this allows you to save money and resources that can be used more profitably elsewhere.
5. Accounts Payable Management
The outstanding amount to vendors has to be met quickly for lowering the cost of borrowing and being able to avail discounts for timely payment. Sage 300 effortlessly calculates the average Accounts Payable period and can track if Accounts Payable is being cleared on time or being needlessly delayed.
6. Fixed Asset Management
Have you invested too much in fixed assets in the last quarter; that are not easily convertible to cash or near cash options?
Fixed Asset Management is necessary if you wish to invest in new manufacturing facilities but not overextend your reach. It is important to keep depreciation within reasonable limits, or core EBITDA profits will not translate to net profit.
Sage 300 ERP allows you to have a complete understanding of your fixed assets with Fixed Asset Management module, through 50 adjustable depreciation tools and comprehensive asset tracking.
7. Budget Management
As a business owner, you have access to a finite amount of resources. Even the world’s largest businesses do not have unlimited wealth at their disposal.
To manage financial resources (among others) wisely, you need a budget. Sage 300 ERP has a Budget Tool that provides complete integration with every aspect of your business and allows you to forecast cash and fund flow accurately. It is completely adaptable to changing scenarios and makes Planning, Budgeting, and Forecasting in a volatile situation not only possible but utterly painless.
8. Business Intelligence
How well do you really know your business? Data discovery has become a new vista in planning since owners are often unaware of basic facts about their business. Few excel sheets showing cash flow and balance sheet, along with an income statement, is no longer enough to run a business.
Sage 300 ERP has an inbuilt Business Intelligence module that retrieves, analyzes, and presents relevant data at the click of the mouse. With intuitively designed dashboards that offer real-time analytics, you can have a deeper insight into the needs and capabilities of your business.
9. Project Management
Equipped with a visual Project Management tool, Sage 300 ERP gives you and your employees an avenue for project design and execution that is unparalleled.
To be the best at your business, you have to meet the deadlines and deliver within the pre-approved budget. This is quite impossible to do if you do not have seamless communication and collaboration between all departments and team members.
Never fall behind or let slipped deadlines eat away at your profits with swift turnaround time. Ease of supervision at every milestone and being able to analyze every employee’s task list allows you to redistribute work if needed.
10. Overseas Branch Management
Manage your import and export schedules, as well as operations, in offices abroad through Sage 300 by using the Global Operations Management tool.
With a detailed understanding of events at branch offices, thousands of miles away, you no longer have to rely on daily and weekly reports filed by managers from abroad.
It is possible to have your finger on the pulse of your international business with multi-currency and multi-language capabilities of Sage 300 ERP.
Moreover, there is 24x7 tech support available in over 70 countries worldwide, making global business easy to manage and supervise.
Conclusion
Top-end ERP solutions remove the need for painstaking data entry work and provide operational efficiency that you could never get from cloud-based or open-source platforms.
With over 12000 employees and 6 million satisfied clients worldwide, Sage has proven time and again that its ERP solutions are ideal, easy to deploy, and bring standardization across the board.
