ABM Advisor: The ABM Blog.
Category - Business and Accounting Software

  • Mar 27 2017


    How accounting software can help you at every stage of the building process

    The construction industry is Australia's third-largest sector, employing around 9 per cent of the total workforce, according to an Ai Group survey. Meanwhile, the country's architecture sector is worth $7 billion, as reported by IbisWorld. With both these industries growing at a fast pace, let's take a look at how Advanced Business Manager's (ABM) accounting and business management software can help you at every stage of the building process, from design through to construction. Jobs and timesheetingAs billing for architecture services is usually measured by the amount of time spent on a project, accurate timesheeting software is essential. ABM differs to more standard timesheeting programs in that you can record the stage and rate at which a task is being completed, meaning more accurate time tracking. All staff can fill their own timesheets in on a daily basis, so your employees will be more aware of what they're contributing to a project. Likewise, accurate timesheeting is an essential part of construction, so you can better bill projects and pay your staff.

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  • Mar 21 2017


    Australia's manufacturing industry grows

    February saw Australia's manufacturing sector grow to its highest level since May 2002. The Australian Industry Group's monthly report showed an increase of 8.1 points to 59.3 on the country's Performance of Manufacturing Index (PMI). This was the fifth consecutive month of expansion.A breakdown of the figuresThe PMI ranges from 0 to 100. A normal manufacturing level is considered to be 50, so anything above that figure indicates growth, with the distance between 50 and the month's overall PMI showing the extent of this expansion. The Australian PMI is broken down into eight separate categories - nonmetallic minerals, food and beverages, textiles and furniture, wood and paper, printing and recorded media, fuels and chemicals, metal products and, finally, machinery and equipment.Seven of these eight sub-sectors recorded growth in February. Nonmetallic minerals posted the highest PMI figure (66.3 points), followed by machinery and equipment (60.1 points) and food and beverages (58.8 points). The only sector to remain below 50 was printing and recorded media, which had 45.1 points. Wood and paper managed to recover to 51.9 points, having recorded shrinkage the previous month.

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  • Feb 20 2017


    Take control of your business with ABM software

    If you're looking to implement a fully-integrated, business-wide accounting solution, it's important that it's a fit for your industry. Without a firm understanding of how you do business, there's always the potential that investment in software won't provide the return you're searching for.At Advanced Business Manager, we believe this is the first step to any implementation process. We know our software is successful across a range of industries, but we want you to know whether or not it's right for you. If you want to manage accounting, production, order processing, inventory or a combination of all of these, our software can be tailored for even the most dynamic and unique companies.Greater control over how you do business brings with it a higher level of adaptability, and less chance of bottlenecks in your operations.Our software is designed to give you more control over your operations from all business perspectives, have confidence in making the right decisions and allow your business to grow in the direction you want it to.Greater control of every business aspectThe modern marketplace is competitive, and demands businesses stay at the top of their game. You may want to reduce costs, improve process efficiency or just streamline workflows.Greater control over how you do business brings with it high-level adaptability, and less chance of bottlenecks in your operations. Providing better access to services and products for your customers will lead to reduced operational costs and higher overall revenue, in turn allowing you to remain competitive.Tracking performance is also crucial. Seeing how your organisation functions in an easily understood manner will offer further control over the decisions you make. This can help you set and achieve targets, set realistic goals and make changes to your business with confidence. We want to help you make the right choices for your business. Our software can help you enhance business productivity while reducing ongoing costs, by identifying which processes work best under what conditions. We want to offer you more control over your business, not take it away. Want to know if ABM software is right for you? Reduce the time spent searching and find out straight away if ABM is right for you. Our solution providers are always available and can provide estimate costs over the phone.Whether you require a visit to your business premises so your stakeholders can be part of the conversation, or online from the comfort of your desk, we can provide demonstrations of our software no matter the situation.To start taking control of your business processes today, get in touch with the team at Advanced Business Manager for a free demo.

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  • Feb 10 2017


    Why wastage could be costing your company

    There are many vital areas of a company, but one of the most significant for managing growth and revenue is stock control. No matter your business, your inventory is not only the key to prosperity, but also a method of streamlining your business operations.This relates to active management of your company's stock, ensuring you aren't spending prodigiously in unnecessary areas, while maintaining an inventory that meets the wants and needs of your customers. Ultimately, it's about control - of your business and the direction it's.Waste not, want notFor the food and beverage industry, wastage is always a concern. Damaged or aged stock are of no use to either the business or customers, resulting in a loss on both sides.In 2011, Australia, United States, Canada and New Zealand discarded 52 per cent of all fruits and vegetables.Research by Statista into the amount of food collectively wasted in Australia, United States, Canada and New Zealand in 2011 found 52 per cent of all fruits and vegetables were thrown away unused.Across the four countries, 50 per cent of seafood, 22 per cent of meat and 20 per cent of milk were also discarded. Consider what structured stock software and greater control of inventory would mean to growth within your business, reducing the amount of wasted food while also putting it to better use.Fixing the links in the supply chainOne Swedish researcher, Kristina Liljestrand, has studied the impact of wasted food, and how improvements to logistics can help reduce the severity of the issue. In her dissertation, reports WellBeing, Liljestrand proposes nine improvements developed during her research into producers, wholesalers and retailers.She stresses collaboration between all members of the food supply chain (FSC), and focuses on two key aspects of the FSC that can affect the environmental impact of an established logistics system.These are:FSC variables including shelf life, temperature monitoring and specific food characteristics, which help create conditions for an agile logistics system.Performance variables such as requirements around lead times and flexibility, of which both can conflict with the FSC party's ability to reduce environmental impact. How much food is going to waste due to improper stock management? Try our free demo - in person, or onlineAdvanced Business Manager is comprised of a core accounting system that can be tailored to suit the needs of your business with additional add-on modules.Nobody knows your business better than you do - so we would be delighted to discuss our software in more depth and see if it is a fit for your company. We offer a no-obligation demonstration, available by contacting our expert team today.

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  • Feb 1 2017


    The importance of adaptable business software

    As Bill Gates, co-founder of Microsoft, once said: "The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency."In almost every facet of our daily lives, automation has started to shine. The rebirth of the electric car, the evolution of the Internet of Things, and artificial intelligence finding mainstream traction in the form of personal assistants on our smartphones have all become increasingly commonplace in the last 12 months. But are we any more efficient than before?Technology and automation allow even the most niche of businesses to flourish in the physical and digital marketplace.Sculpting software around the needs of your businessWith both efficiency and automation touted as the reward and answer to business concerns respectively, 2017 will reveal the crucial third part of the equation: Adaptability.Business processes, markets and products are more diverse than ever. We can now buy almost anything online, instantly, and have it delivered to our door.It makes sense to recognise the importance of support software that adapts to your business, and not the other way round. With technology and automation allowing even the most niche of businesses to flourish in the physical and digital marketplace, framework and management software needs to offer a scalable and customisable solution. Automation will be key to accelerating growth within your business. Enterprise Resource Planning (ERP) and a Warehouse Management System (WMS) are two crucial elements of this overall solution, but are vitally overlooked as the global marketplace becomes both automated and strives for efficiency. Including the optional Mobile Warehouse Management module to accompany our base accounting software, ERP/WMS is a key tool for solving the issues around inventory management, dispatch and transfer.Manage your inventory and customer needs simultaneously ASPluris streamlines purchase orders, shipments, pallet storage and dispatch consolidations to name just a few of its features. As a mobile solution that integrates seamlessly with Wi-Fi, 3G+ and GPRS, you can be assured that whether you're on the shop floor, in the warehouse or out delivering items to customers, you'll always be connected to your enterprise management system.Running on a handheld data-capture device or tablet with barcode and RFID capabilities, ASPluris is the perfect logistics, inventory and customer relationship management system to help your business achieve greater efficiency in 2017.If you want to learn more about our fully scalable and customisable industry solutions, get in touch with the team at Advanced Business Manager today, or try out our free demo.

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  • Dec 20 2016


    Are you prepared for advanced manufacturing?

    In an effort to revitalise the Australian manufacturing industry back to the days of its former glory in the mid-90s, in 2015 the Queensland government created the Queensland Advanced Manufacturing Roadmap.The 10-year plan is to invest nearly $200 million across a range of industries. But what exactly is advanced manufacturing, and why does the government believe that pursuing it is the key to turning the Australian manufacturing industry around?The current and next generation of advanced robots will find use in a number of customer-facing roles.What is advanced manufacturing?Advanced manufacturing entails more than just building emerging technology, and incorporates everything from the design stage through to research and development and beyond into distribution and after-sale support services. This ensures that value is increased across the entire lifecycle of the product.However, the real excitement comes from the products themselves, four of which are detailed by in the 10-year plan:Advanced robotics - the current and next generation of robots will be used in a number of customer-facing roles. Already, many are being deployed at ports and airports, with interest increasing each year. Nanoelectronics - our reliance on computers, smartphones and communications technology has furthered research in nanoelectronics; advanced materials that will enable products to be thinner, lighter, store a greater amount of information and use less power. Biomanufacturing - the world of advanced medicine is expanding through the use of cells and living organisms to create vaccines, organic clones and medical proteins. Materials by design - aerospace, transportation and electronics will be reliant on creating materials that can withstand extreme temperatures and promote energy efficiency. In their 10-year plan, the Queensland government lay out expectations for advanced manufacturing, the focus required by businesses to achieve the goals and the potential challenges they will face. Nanotechnology will allow for flexible, lightweight screens. The challenges faced by future businessesThe first challenge to overcome for the food industry, according to the discussion paper, is a lack of integration into an Enterprise Resource Planning (ERP) or control system, either due to cost complications for businesses, or a lack of trust that software will work effectively. The second, and interlinked, challenge is a low number of smaller businesses developing into medium, globally-focused enterprises. This, the roadmap states, has widened the gap between local business practices and the international standards for technology and design.Advanced Business Manager provides not only a reliable and powerful core accounting platform, but a number of additional modules that be tailored to suit the needs of your evolving or growing business. To learn more about our additional software modules and what they can do for you, get in touch today.

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  • Nov 29 2016


    Building your accounting solution from the ground up

    No two industries are exactly the same. While there isn't a lot of crossover between fields such as warehousing, online retail management and architecture, they all share one common thread. An intuitive accounting system can eliminate the time spent on repetitive processes and improve efficiency through automation.So what exactly does the Advanced Business Manager core accounting system offer?Over 60 per cent of managers believe they aren't doing a good job at meeting the needs of learning staff.The core accounting system frameworkBefore introducing any new piece of software into a business, it's imperative staff training be taken into account to avoid company downtime. Our core accounting system integrates seamlessly with Microsoft Office, providing a familiar user interface that will reduce the time spent getting accustomed to how the software works.How crucial is initial training though? According to SHIFT eLearning, over 60 per cent of managers believe they aren't doing a good job at meeting the needs of learning staff, resulting in early departures from staff within a business. If that statistic doesn't illustrate the benefits of training then the financial incentive surely will; the same report states that ineffective training costs businesses over $13.5 million each year.We also provide ongoing assistance through our expert support services across Australia, New Zealand, Ireland and the United Kingdom. All our solutions providers have been through extensive training, so you can rest assured any problems will be addressed and resolved quickly and professionally. Staff training is vital to get the most out of new software. How does business intelligence software fit into my company? ABM offers add-on modules that can tailor our core accounting product to almost any industry. Just a few of the solutions that can be tailored to include:Wholesale and DistributionOnline Retail ManagementWarehousingConstructionImportingArchitectureConsultant EngineersThe open architecture of the system is designed to work in unison with third-party software. This allows for a highly customisable and specific business solution, and one that will fit effortlessly into your current accounting model.For example, our service management add-on allows companies that deliver solutions on-site to track personnel, automatically log client history and distribute billing and reporting. This add-on alone can benefit equipment servicing professionals, field engineers, tradespeople and more.From a data-based perspective, our business intelligence module allows for a top-down view and detailed analysis of business profitability. You can then use this information to identify strengths and weaknesses within your business model, and enact customer and staff performance reviews. With a strong focus on improving business efficiency and revenue, this add-on module is applicable across a wide range of industries.To learn more about ABM business management software, get in touch for a free demo today.

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  • Nov 16 2016


    Increasing security through automated accounting software

    The subject of internet security isn't one that many businesses like to approach unprepared. After all, everyone wants to feel that they are secure in how they conduct business, and provide this level of safety and trust to their customers.But as more businesses more to a digital format - online stores, interactive website customer service and email communications to clients - it's crucial that the information we send online be protected. So how can incorporating automated accounting software into your business help keep it safe at the same time? Businesses that integrate cybersecurity with digital strategies will be better poised to build trust into everything they do and transform faster.Increased security at a lower costFor many small businesses, allowing resources to be set aside for a dedicated IT team isn't really an option. However, two reports released by PricewaterhouseCoopers (PwC) bring to light just how serious security is for businesses as they embrace a digital future. For small businesses with limited funds, moving to and off-site storage option that uses cloud technology can remove the stresses associated with storing data. Tom Puthiyamadam, PwC's Global Digital Services Leader, notes that digital business models addressing security are the key to success in a changing marketplace. "Businesses that integrate cybersecurity with digital strategies will be better poised to build trust into everything they do and transform faster," he said."Leading companies are integrating cybersecurity, privacy and digital ethics from the outset. And that enables them to better engage with existing customers and attract new ones. Many also see efficiencies in operations, business process and IT investments."Moving to the CloudIf you haven't already started looking at cloud technology for storage, it may be a little daunting to approach. So how does the cloud work, and why is it safer? Essentially, cloud storage is just information that is kept off-site and in a data centre. This could be anywhere; from someone's garage to a multi-location data fortress.  It's important that businesses address cybersecurity. One way to explain cloud technology is to look at an email provider like Gmail. When you create a Gmail account, everything is stored online, but essentially it's kept on Google servers. When you receive an email or an attachment, it doesn't download directly onto your computer, it's instead stored in a data centre that you can access freely at any time. This saves you space in storage, while taking advantage of Google's excellent security. Of course, while there are a number of small cloud providers, large and trusted hosts - like Microsoft, Google and Facebook - are increasingly commonplace. According to the PwC report Moving forward with cybersecurity and privacy, 63 per cent of businesses say that they run IT operations in the cloud. But is this just because of security, or for another benefit to business? When you receive an email or an attachment, it doesn't download directly onto your computer, it's instead stored in a data centre that you can access freely at any time.Collaboration through automated work processesMoving to the cloud offers another benefit beyond security - it enables an organisation to communicate easily and instantaneously, allowing them to collaborate and share information automatically. This automation is at the heart of software like Advanced Business Manager, streamlining processes like timekeeping and customer relationship management so you can focus on the areas of your business that you need to. Business intelligence software combines the best parts of these two concerns - it removes the potential for human error, offering greater security and better insight into the information you gather. With PwC noting that 34 per cent of customer service and marketing functions are run from the cloud, you won't be alone...

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  • Nov 2 2016


    Are you engaged with your customers enough?

    Customer engagement is important in any business, but for utilities it can present a significant challenge. Perhaps it's that, as a society, we've taken clean water and abundant electricity for granted, to the point we're critical of our utility company for not offering the lowest prices or the same deal as a startup competitor.To address the need for increased transparency in how their business operates, many utilities have taken to social media to engage with customers.While this is sound advice for the majority of companies, how can you ensure you have all the information needed to face the public's questions? Below we'll examine a few steps you can take to engage successfully with your customers.By adding services such as LinkedIn, Twitter and Instagram, you can create a total social profile that addresses many different customer bases at multiple levels.Talk to your customers, not at themA key part of engaging with customers in our current age is by taking the leap to social media. However, if this is your first time jumping into the online world to talk with your customers, there are a few key points to remember.One common mistake many make is dehumanising their business and responding with robotic and unsympathetic responses. Generally, customers will go online with their concerns. While you may get a few people wanting to congratulate you for the excellent service you provide, many people look at social media as a way to vent their frustrations, or gain the collective support of other customers when they have a problem.By addressing your customers as people, and responding to their concerns with empathy and sincerity, you can ensure that when your customers have an issue they don't abandon your business due to an impersonal or insufficient response.Spread yourself across social mediaMaybe you want to create a company Facebook page, and interact with your customers that way, or perhaps you think Twitter is an easier method of communicating with your clientele.The secret to success in this area is to not limit yourself to just one piece of social media. Thinking about your online presence as a whole can help illustrate this point; Facebook is excellent for responding to individual customers and sharing articles or thought leadership appropriate to your industry, but it's just the start of your online profile.By adding services such as LinkedIn, Twitter and Instagram, you can create a total social profile that addresses many different customer bases at multiple levels. Twitter is great for providing instant, snappy updates on your service or something that needs to gain traction quickly, while if your business is visual-heavy you could even create an Instagram account to update your customers with enticing photos. Engaging with customers brings them closer to your business. By communicating with all levels of your customers, there's no risk of you alienating a single group or presenting an image that only appeals to one demographic.Some common mistakes to avoidIf this is your first time jumping into the world of social media for customer engagement and retention, you'll no doubt experience a few trip ups along the way. Although this is bound to happen at some point, we're grouped together the most common issues to help you get started in the right way.Some of the problems companies experience when entering social media are:Keeping it short-term: Successful social media engagement is a long distance run not a sprint.Don't flood your customers: People already chose your business for a reason, so bombarding them with pointless posts will do little to keep them engaged.Tackle the tough subjects: Don't avoid the tricky questions.

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  • Oct 12 2016


    3 ways you can benefit from online retail management

    If you've already entered the online shopping world, you'll know some of the trials and tribulations that accompany the process. In a world rapidly embracing the move to digital, an online version of your store is a logical choice. For many though, the move to online isn't accompanied by a team of marketers, accountants and social media professionals.As such, it can be difficult to juggle the responsibilities of an online store concurrently with an online presence, which is where online retail management software can help by removing some of the pressure to allow you to be focus on the areas of your business that need attention.Below are just three ways that freeing up resources through business accounting software will help you approach your online venture in a much smoother manner.Over 90 per cent of the public are turning to social media to help make buying decisions.Better sales managementimplementing automated accounting software into your business will greatly increase your ability to manage and track sales. Starting with our core accounting software, you can add a number of optional modules that can assist in managing your e-commerce project.The Advanced Business Manager Structured Stock module is designed for businesses that wish to track and organise their stock more efficiently. Featuring a flexible structure that allows for user-defined attributes, improving your sales through better recording means you'll always have full awareness of stock levels.More connection with your customersHaving greater control of your stock levels means you'll have more time to interact and reach out to your customers.This can be the deciding factor for many businesses moving online - maintaining a level of engagement with your customers that encourages them to keep coming back to your business is almost as important as having a popular product in the first place. Could your online store benefit from accounting software? If you don't see the importance of social media, then there are some troubling statistics you may want to see. According to Slant Marketing, Facebook accounts for 64 per cent of total social revenue. Even more telling, Magento reports that 93 per cent of the public are turning to social media to help make buying decisions.Analytics helps further the processHaving more time to reach out to your customers is only helpful if you've got something to say to them. The Business Intelligence module presents your business data in an entirely new way: Real-time reporting without delay.Analytics is also helping businesses predict trends in the marketplace, by identifying popular products, promotions and areas of your site your customers are more engaged with. If you want to discover the power of the software for yourself, get in touch today for a free demo.

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