Amortization is an expense recognition feature and an accounting technique that is used to spread the cost of an asset over time. This feature can help in the deferral of purchase expenses. Amortization is similar to depreciation as they are both methods of calculating expense over a given amount of time.
An ERP system is a powerful tool that can streamline your business operations. Order processing, billing, inventory management, and more can be controlled from one software suite instead of multiple programs. And today’s IT executives have more choices than ever when it comes to ERP software. There are multiple vendors to choose from providing on-premises… Continue reading 5 Factors to Consider When Introducing/Upgrading an ERP System
Making the move to a new ERP (Enterprise Resource Planning) system can be a positive step for your business. While the upsides of your new system may be attractive, it’s only natural to worry about the security of your data when migrating your data to the new system. You can alleviate much of your concern… Continue reading Planning Pays Off – Tips on How to Mitigate Data Migration Risks
Once considered an option for only larger companies, ERP systems are now easily scalable for companies of all sizes. However, is upgrading to an ERP system the right solution for your company? before choosing an ERP system, understand that it may require careful planning as well as a drastic cultural shift within your company. Today we will present five questions you should ask yourself before taking the plunge to upgrade to an ERP system.