A major concern for many manufacturers. You need software that can help you raise the productivity bar, break new ground and ensure compliance, if you want to stay ahead of the competition.
In a global survey on manufacturing competitiveness, Deloitte identified “cost, availability of labour, materials, cost competitiveness of materials, and availability of raw materials” as the third most competitive driver for manufacturers. So it's crucial you understand how much your process manufacturing is spending each week, month or quarter.
In recent years, it’s become normal for many manufacturers in the food and beverage industry to launch new products every year, while pharmaceutical companies are often pushed to accelerate the development of new antibiotics as outbreaks of drug-resistant ‘superbugs’ continue to rise.
This means that manufacturers need to be highly flexible in order to keep pace – those encumbered by rigid processes and inefficient systems will be left behind.
A crucial requirement for all process manufacturers is the ability to keep up with new environmental and safety standards and successfully achieve compliance with new regulations, such as the UN Globally Harmonised System of Classification and Labelling of Chemicals (GHS).
Navigating this maze of global laws and restrictions can be a huge challenge, and failure to comply can be extremely costly in financial terms as well as reputation. The good news is many process manufacturing businesses are overcoming these types of challenges with the right enterprise solutions.
In this article, we discuss why working digitally benefits both you and your clients, and what services you can offer to assist the transformation process.
Proper bookkeeping is essential for small business success. This guide explains the difference between general ledgers and bank reconciliation.
Everyone wants an accountant’s help when tax season strikes. Few people, however, know the kind of value accountants can add outside of the systematic and detailed recording of financial transactions. Accountants can assist SMEs in numerous ways that will help their businesses grow into thriving, compliant entities. This is because today’s accountants are much more […]
It’s becoming more common for subscription-based companies to use various SaaS billing models to differentiate themselves and create a friction-free client experience.
From testimonials to TikTok, try out these 10 ways to win new clients and see huge growth in your accountancy practice.
Finding a niche is an excellent way for accountants to unlock new, profitable opportunities.
As a business owner, it’s vital to understand what goes on in your balance sheet every month to determine your company’s financial health. Although having an accountant does help, it’s equally – if not more essential – for the business owner to understand the balance sheet as well. If you don’t, you might make financial […]
Tax Year-End is approaching, and businesses have just over a month to get their houses in order to ensure compliance. We chatted to Heinrich Grove, Director of SA Tax Returns, and founder of SA Accounting Network, about what businesses should be doing now to prepare for Tax Year-End. In this video, Heinrich shares his top […]
Give Feedback
![[VIDEO] Tax Year-End: 6 things Sage Accounting users should do now to prepare](https://www.sage.com/en-za/blog/wp-content/uploads/sites/9/2022/04/GettyImages-863559036-414x180.jpg)