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DMC Software Solutions has introduced a new product reflecting the huge changes to business credit availabilty that have taken place in the last year: Deloitte carried out a Survey in October 2008 which looked at the attitudes of businesses to obtaining credit in comparison to the results collated in the previous year. 89% of respondents reported that credit was harder to obtain in 2008 than in 2007, and 53% of respondents did not expect the economy to recover until 2010 or later. One of the key survival strategies adopted by the respondents to help them survive the recession was to improve cash flow and credit control.

In line with the findings of this study DMC Software has added a new product to their range, Credit Hound, credit control software that integrates with Sage programmes, to help their clients streamline credit control processes and “get paid sooner.”

Credit Hound is an award-winning solution that works in conjunction with Sage accounts products, including Sage 50 and Sage 200 to provide users with a semi automated debt chasing solution that will aid reduction of debtor days and increase cash flow, a key way to improve the efficiency and effectiveness of credit control processes.

Cash flow is an integral component of a successful business and Credit Hound has been developed to help businesses achieve optimum fluidity. Credit Hound uses a unique “self-chase” feature which allows 10 times the amount of debtors to be chased when compared with traditional manual credit control methods. In addition, Credit Hound offers the following benefits to its users:

• Disputes resolved more quickly
• Reduces administration costs
• Improves productivity
• Enables higher customer to staff ratio
• Strengthen customer relations

Credit Hound will increase the productivity of a business and in turn improve the health of the company bank balance. Tightening these fundamental business processes now will enable businesses to emerge stronger when the economic upturn arises.

About DMC Software

DMC Software offers a host of software solutions to support the Customer Relationship Management (CRM) and Accounts functions within a business.
In addition to this they offer high quality professional services, including development, training and technical support, ensuring businesses are provided with a solution that will increase efficiency and profitability.

For more information on any of the products available
from DMC Software visit www.dmcsoftware.co.uk, email info@dmcsoftware.co.uk or FREEPHONE 0800 6522 423 to speak to a member of the sales staff.

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For more information and media enquiries, please contact Jade Dixon-Winters, Marketing Executive.
Email: jadewinters@dmcsoftware.co.uk
Tel: +44 (0)1733 362120

Sydney, Australia… Software Alliance Group has announced availability of a Business Intelligence add-on module for Sage Line 50 customers. The Business Intelligence Centre (BIC) for Sage is an affordable and flexible tool that delivers critical business information in the familiar environment of Excel.

Together with Sage Pastel International, Alchemex developed the BIC for Sage solution now available which offers the Sage Line 50 installed user base quick implementation and easy integration of Business Intelligence functionality into their existing accounting environment. The solution addresses SME customers’ need for simplicity, functionality and affordability, offering a suite of pre-formatted as well as customisable reports that ensure access to relevant business information at the click of a button.

“Sophisticated BI reporting tools have traditionally been costly, requiring extensive in-house skills and lengthy turnaround times on third-party report customisations. The BIC for Sage closes the loop between applications that focus on transactions, such as your accounting system, and reporting on this information. With the BIC, SMEs can deliver formatted business information directly in Excel, while leveraging their existing Sage and Sage Pastel accounts database,” says John North, managing director of Software Alliance Group.

The application will allow organisations to produce reports beyond just their monthly management packs. While ensuring man hours are saved each month by automating these repetitive and time-consuming tasks, it will also allow dynamic analysis of sales or stock information, consolidate data from multiple companies and deliver true Business Intelligence to users’ desktops, graphing KPIs, for example, in a dashboard view.

“Software vendors are having to provide businesses of all sizes with flexible BI solutions that allow them to slice and dice their information in the way they choose. The Alchemex-powered solution goes one step further by taking advantage of the experience most SMEs already have working with Excel, and eliminates the cost and maintenance overhead of third party reporting tools,” says Charles Teversham, sales director of Alchemex.

“Companies can literally be up and running with the BIC in a matter of minutes. It’s a simple process of choosing your data source and selecting the reports you’d like to view,” North adds.

Two modules are available for different user requirements. The BIC Standard Edition is aimed predominantly at business users who wish to view operational and financial information in a number of preformatted reports. More advanced users will be able to explore some of the added functionality in the BIC Advanced Edition to customise reports around more specialised reporting needs.

A trial version of the BIC for Sage will be made available with the Sage Line 50 product set.

Media Contact:
Patrick McAuliffe
Marketing Manager
Software Alliance Group
Ph: 02 8436 6000
Email: patrick.mcauliffe@sagepastel.com.au
Web: www.sagepastel.com.au/au

In line with its strategy of letting business drive technology and going beyond accounting, Sage Pastel has brought to market a Point of Sale (POS) add-on module for its Sage Pastel Partner accounting software range.

Says Australian Authorised Distributors Software Alliance Group’s Managing Director, John North: “Of the 180 000 businesses in the 52 countries around the world that use Sage Pastel software, the majority have some sort of POS data capturing and invoicing requirement. Not all are pure retail organisations but nearly all have some section of their business that sells either to the trade or people off the street.”

In a business world working at ever-increasing speed, businesses, especially SMEs, all share a need to improve loss prevention and management of store inventory, alleviate data capturing errors, speed goods receipt, and boost the accuracy of back office systems.

This has led to a requirement for robust, high volume processing capability at the point of sale says Lewis. He adds that many of Sage Pastel’s customers have simply adjusted their existing Pastel invoicing functionality to try and cope, but invoicing software is much more complex and detail-orientated and therefore not suited to the POS environment.

As a general rule, POS environments are often manned by people with fairly low levels of IT literacy or by casuals, like students, who have no direct insight into the running of the business. One needs, therefore, to make their operations as simple as possible – to eliminate errors and to prevent customers wasting time in queues.

“We therefore decided, to extend Sage Pastel’s traditional invoicing functionality into a true POS environment,” North says.

Key features of Sage Pastel POS include the ability to process all daily reporting such as daily sales and variance reports, processing of cash-ups at multiple times during the day (making shift changes simpler and faster), and scanning of inventory items and serial numbers into the system.

The solution also allows for both cash and account sales – as well as quotations and orders. Bar-coding and scanning features cater for shops that have different prices for packs with different weights.

Running on a standard, networked PC, Sage Pastel POS continues to work when the main business servers are down, updating itself to Sage Pastel Partner automatically when the servers come back online.

The application integrates with all POS devices, including till slip printers and credit card machines.

For existing Sage Pastel Partner and Sage Pastel Xpress customers, the POS add-on module is available as a seamless upgrade.

Sage Pastel has launched an entry level software package, Sage Pastel Invoicing. The new product is aimed at enabling small businesses to automate the two most common business activities – production of accurate, timely invoices and control of customer balances, thereby saving the business time and money.

Sage PastelDirector Jeff Lewis says that, worldwide, more than 30% of small businesses still do their accounting manually or on spreadsheets – unnecessarily extending debtor days because of inaccurate records regarding customer balances and delays in sending out correct invoices.

“Those delays mean that your revenue comes in more slowly than it should and that can have a serious impact on cash flow and therefore the sustainability of the business. But for a large number of small businesses that risk is smaller than acquiring full-feature accounting software of which they will use only the portion related to invoicing and customer balance control.

“It seemed logical for us, therefore, to give them just the functionality they need and, in the process, get them used to computerised accounting so that they can migrate to more feature-rich accounting solutions when they grow enough to need the extra functionality.”

Lewis believes that too many features make life complicated for most small businesses, who need to focus on doing business rather than learning to use and maintain complex software. “Many software vendors continually add features to their products in an attempt to fend off competitors who sell their wares purely on features.

“We, on the other hand, are very focused. We know our market, which is generic accounting for small and medium-sized business, and accordingly we apply the 80/20 rule. Eighty percent of our customers want accounting software that helps them manage and control their finances in the simplest, most cost effective way. So we don’t overload our products with features only 20% of our customers would be likely to use. We provide add-ons to give those customers what they need.

“Sage Pastel Invoicing is consistent with that logic – because it provides customers who don’t yet have the efficiency benefits of computerised accounting with only the functionality they need at the time. It also gives them an opportunity to get comfortable with generic accounting products.”

Sage Pastel Invoicing is extremely user-friendly, with a dashboard that gives users a snapshot of the financial standing of the company in a single page.

In terms of functionality, it creates invoices easily and quickly, creates customers and items to invoice on the fly, manages customer invoices, payments, credit notes, and statements, reports on what customer amounts are outstanding and which items are selling the most  and it e-mails invoices and statements to customers. Intuitive screen designs allow effortless drill-down into transaction detail.

Media Contact:
Patrick McAuliffe
Marketing Manager
Software Alliance Group
Ph: 02 8436 6000
Email: patrick.mcauliffe@sagepastel.com.au
Web: www.sagepastel.com.au/au