Omni Articles

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.

Enterprise Resource Planning (ERP) systems, also referred to as business management software, essentially helps businesses in a cross-section of industries to create more efficient automated operations.

The Food and Beverage industry (also known as F&B industry) is generally defined as all companies that are involved in processing raw food materials, packaging, and or distributing them. This includes any fresh, prepared foods as well as pre-packaged foods. It includes alcoholic and non-alcoholic beverages.

While Accounting Software has almost always been considered a necessity, ERP (or Enterprise Resource Planning) is increasingly taking over that baton- indeed many use the term interchangeably. But Accounting Software and ERP systems are not the same thing, although one may be absorbed by the other.

The question of whether South Africa is ready for the Fourth Industrial Revolution (4IR or Industry 4.0) is a hot topic. 4IR has been hailed as a transformative moment in an economy. Cyril Ramaphosa has asserted that the Fourth Industrial Revolution is the answer to South African economic woes and widening...

Both Enterprise Resource Planning (ERP) and Supply Chain Management (SCM) can be implemented to assist South African businesses...

Enterprise resource planning (ERP) systems streamline business operations by unifying information and automating processes. However, to ensure effective implementation, there are key things to avoid.

It is one thing to attract new customers, but it is quite another to keep them in the face of staunch market competition. Enter: Customer Loyalty Programs, known also as rewards programs, points cards, advantage cards or club cards. The market is awash with Loyalty Programs...

Buying South African products is a much talked-about subject. “Local is Lekker”, “Think global, Act Local” are all phrases coined by those who encourage local purchases. While international products are sometimes called for, and sometimes the benefits of buying internationally outweigh any local advantages- there...

Many medium to large-sized construction companies have moved over to using ERP systems to efficiently manage all their company’s resources, such as labour, finance, equipment, material, data and many more. In a competitive market like the construction industry, even the smaller concerns are looking to integrated...

While bookkeeping and accounting both fall under the accounting umbrella, the biggest differentiator is bookkeeping doesn’t involve the analysis of financial data.

Whenever there is a rapid rise of new technology, we also must sift through the hype and misconceptions that follow. Cloud computing is one of those technologies where almost everyone has an opinion, and yet there is still a lot of confusion when it comes to sifting...

The South African financial sector is in growing need of qualified accountants. Every company has a finance department, which means there is a huge demand for those skilled in accountancy.

What is a POS System? Essentially the POS system is the place where a customer pays for products or services. Combining hardware and software components, the POS system allows for any form of payment such as cash, debit cards, credit cards, mobile, and even accumulated loyalty points.

Moving to a new ERP system (Enterprise Resource Planning) is a massive and expensive task. Not only does the system itself require financial investment, but the implementation too requires the allocation of financial and human resources.

Black Friday. It’s a term that has quite recently become a firm feature in the South African retail calendar. But it’s history goes a lot further back. It has started to turn into a global phenomenon, and Black Friday has not left the South African economy out!