Omni Articles

Employee motivation and employee engagement are terms used liberally in HR and teambuilding sales pitches- but do they really affect your bottom line? Are there real benefits for your business or is this just another marketing gimmick?

BOQ stands for Bill of Quantities and is defined as a document used in tendering in the construction industry in which materials, parts, and labour (and their costs) are itemised. BOM stands for Bill of Materials as is defined as a list of the raw materials, sub-assemblies, intermediate assemblies, sub-components...

Good project management in construction is essential in order to have the most efficient utilization of labour, material and equipment. It therefore obvious that every construction project regardless of size will need a list of all the different materials required in order to complete the project...

Enterprise Resource Planning (ERP) used to be a big term, for the exclusive domain of big business. Not so anymore! ERP for small business is now a buzz term all on its own. As SME’s (small and medium sized enterprises) have adapted and changed, so too have ERP systems to be tailored specifically to the small...

A Point of Sale (POS) system is a really valuable tool for businesses seeking to increase sales, manage company inventory and to build a solid customer base. But the first decision a business owner needs to make is whether to choose a traditional or cloud-based POS system.

The manufacturing industry primarily requires software systems to assist with material planning and manage manufacturing processes. Currently, MRP and ERP systems are the most prevalent – here’s a look at how the two compare.

In recent times there had been a lot of talk around the Fourth Industrial Revolution (4IR) in South Africa. It was widely accepted that we needed to be prepared for this change to the economy and people’s livelihoods.

For business owners and managers, accounting tasks are not always a favourite when other items on their to-do list seem far more pressing! That is, until the long-overdue financials rear their ugly head and the administrative catch-up task leaves you wanting to pull your hair out.

Small businesses are a vital contributor to the local economy but mismanagement can quickly lead to unforeseen failings. In these tough economic conditions, small business management is key to business survival.

ERP systems are used in many businesses today but the full potential of this system is not always realised. One area where ERP systems are valuable in business is project management. Here’s a look at how.

ERP systems are critical business tools in the modern digital age, however, with the increase of digitisation comes the associated threat of cyber attacks. This is a look at the possible threats to ERP systems and how they can be addressed.

Like many countries South Africa went into lockdown due to the COVID-19 pandemic on the 27th March 2020. Here is a brief description of how Omni Accounts has been surviving the lockdown period. The Challenges and the Plans...

When was the last time your business upgraded its Point Of Sale system (POS)? 5 years ago? 10 years? The saying goes ‘there is nothing as constant as change’ and in business and information systems the change is both rapid and constant, meaning that your technology solutions become out of date very quickly.

ERP Software (Enterprise Resource Planning) is a key feature in business today in terms of not only improving effectiveness of operations but also increasing control and profitability. Many companies, falsely, believe that the costs of acquiring such an ERP system begin and end with the actual product...

Barcodes are used in hundreds of different areas of modern life. Their ability to improve efficiency and reduce errors means their use improves cost efficiency. Additionally, barcode labels are fairly inexpensive to produce so it is not surprising that increasingly barcodes are finding their way into many aspects...

The distribution industry is being streamlined by the implementation of ERP (Enterprise Resource Planning) software systems which collate industry information and automate processes. Here’s what you need to know about this innovative business solution.

Keeping track of a business’s finances and accounting transactions is an extremely important task. It is a task, however, that can be quite arduous and time consuming. The introduction of computerised accounting software that automates and digitalises many of the accounting functions has proved revolutionary to...

In a day and age where technology affects every aspect of the way companies do business and how people interact with each other, the common lament is that of a lack of person to person communications and of going around in circles trying to obtain assistance or information.

Financial Year End (also known as fiscal year end or FYE) is the closing off of a company’s accounts for their business year. At its core it is nothing more than the 12-month (annual) accounting period for a company, and is used to assess the annual profit...

Rapid changes in technology mean traditional professions will need drastic evolution to remain relevant, or become obsolete. The future of accounting in South Africa will involve adaptation while retaining core aspects.