Welcome folks to our very first blog post! We sincerely thank you for showing an interest in our team. As we wrote this post, we could not help but control our excitedness to share with you our progress, and the incredible value that we’ve delivered to our customers.
This very first series will cover our contributions in helping small and medium enterprises in the ASPAC region achieve Digital Transformation, using ERP Solutions
What is an Enterprise Resource Planning (ERP) Solution?
Enterprise Resource Planning (ERP) is a single solution that unifies several processes within an enterprise. A well implemented ERP solution can enable businesses to thrive in their processes. Modern day ERP software offer an all in one solution, across all areas of a businesses, such as Financials, Tax records, Human Resources, Manufacturing, Client Relationships, and many more.
The ability to streamline processes, and leverage customizability to meet organisation needs makes ERP Software an invaluable tool. We note that the recent advancements in cloud computing has seen widespread adaptation of Cloud based ERP Solutions.
Our recent experience in delivering end-to-end solutions for the ASPAC region has seen our customers thrive with Microsoft Dynamics 365 Business Central. Here at ACTON(Fiji) we are pioneers of leveraging cloud-based technologies, utilizing the full power of Microsoft 365 platform. In fact, we have one of the biggest Dynamics 365 teams in the country.
Does your company need an ERP solution?
With the abundance of business software in the market today, it can get very complicated to choose the right ERP solution for your business. Even before considering an ERP solution, how can you tell if your company needs such a solution?
Managing your cash, assets, and banking can become a complicated, and tedious process. Business Central (formerly known as Dynamics NAV) is one of the leading products when it comes to financial management. It has stood the test of time, having been around for over 20 years.
#2 Information is Untimely
Analysis requires data to be presented in a timely manner, so that important Business Decisions can be made. Key Performance Indicators, Complex Business Metrics require data to be current. Siloed Systems and Spread Sheets may not always work. An ERP solution offers a holistic view of the entire business operations, no matter when you need it.
#3 Data management is increasingly difficult
Businesses need a common point of interaction. Staff members need to be on the same page when it comes to business information. Having multiple software solutions across departments, and multiple spread sheets flying all over the place will lead to employees working with outdated, inaccurate data. This also presents a problem of having numerous copies of data across departments. You risk inefficiencies, and possibly as a result, your inventory, accounting data may ensue inaccurate financial reporting.
On the other hand, an ERP solution consolidates everything, ensuring that all your business processes, and workflows are centralized.
#4 Tax Compliance
An ERP solution offers functional capabilities to record, track, and analyse your tax data. In the case of Fiji, the Fiji Revenue and Customs Authority has recently introduced the Vat Monitoring System (VMS).
With VMS, you are required by law to send your VAT data in real time to FRCS. Not only that but it has a set of strict guidelines that your solution needs to adhere to, in order to be tax compliant.
At ACTON, we have developed VERTAX, an Advanced VAT Monitoring Engine. This is the tool that powers all our ERP and Point of Sale solutions with Tax Compliance. With the latest version, VERTAX now powers Dynamics 365 Business Central, on the cloud.
What is Microsoft Dynamics 365?
Digital Transformation is a widely discussed topic today. With the recent advancements in cloud, software, and ERP solution, there is a global revolution in the world of Business Applications.
Microsoft Dynamics 365 is a suite of products, harnessing the full power of the cloud to offer smarter solutions, across the technology spectrum. Microsoft Dynamics 365 Business Central is one such product.
When you choose to implement Business Central for your business, you become part of this vast and world class suite of products in the Dynamics Family. Microsoft is constantly working on enhancing the ecosystem, and as a result, Your business benefits.
How can Microsoft Dynamics 365 benefit my Business?
- It's easy to get started no matter where you're located
- Its familiar and intuitive user interface ranks among the highest in user adoption.
- Its connection with other Microsoft products, such as Outlook, Office 365, Windows Server, Exchange Server, Skype for Business, SharePoint, Power BI, and PowerApps, offers a huge advantage.
- Its powerful built-in tools like LinkedIn Sales Navigator Application Platform (SNAP) and Relationship Assistant improve productivity and efficiency.
- Its flexible architecture, deployment options, and pricing allow for easy customization to tailor the system to meet business’s unique needs.
- Microsoft’s commitment to the product and partner support points to the longevity and quality of the system.
- Customizable and scalable for your business.
- Data that provides implementable insights.
- Improves communications through connected operations.
- Upgrades your sales and marketing abilities.