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Combating Credit crunch with addon features in sage line 50

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Dev
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Joined: 27 Nov 2008, 12:13

Combating Credit crunch with addon features in sage line 50

Post by Dev » 12 Dec 2008, 10:09

The Credit Crunch Crisis has badly hit most of the UK companies. In these tough times, businesses are looking for ways and means to conserve cash.
Cutting down unnecessary cost, tight control of expenses and regular monitoring of inventory items are some of the important measures that organisations can adopt to remain in business during these tough times.
Of course, this requires the availability of key accounting information in a timely manner, for the decision makers to act accordingly.
To better equip the Sage Accounts 50 customers to address these issues, Microsap, (www.microsap.co.uk) a leading software services company and a Sage development partner, has launched a unique and effective solution – The Credit Crunch Module for Sage.
The Credit Crunch Module sits on top of Sage Accounts 50 software and uses the already available data to provide a thorough and meaningful analysis of expenses and possibly locked-up inventory assets.
The Credit Crunch Module, at present, provides two functions:
Expense Analysis
Expense Analysis uses the categorized headings already defined in Sage Accounts 50 to provide a thorough analysis of all the expenses. The various options for comparison include
• Current Month v/s Last Month
• Current Quarter v/s Previous Quarter
• Current Half Year v/s Previous Half Year
• Current Half Year v/s Previous Year same Period
• Current Year to Date v/s Previous Year to Date

The advantages of the Expense Analysis include:
• On Demand availability for real-time comparison of Expenses
• Accounting system being the primary source, data integrity and correctness is ensured
• Graphical representation for quick analysis

ABC Analysis
ABC analysis is the method of classifying items involved in a decision situation on the basis of their relative importance. The classification may be on the basis of monetary value, availability of resources, variations in lead-time, part criticality to the running of a facility, new customer parts unique to that product, and others
• “Aâ€

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