7 Awesome Features of Sage Software You Need to Know

Usually, it becomes challenging for the accountant to handle a business whether it is about evaluating companies' profitability or managing the business' assets. But, the correct use of modern Enterprise ERP software optimizes the costs so that the company does not lose anything in the quality of products and services. As the business grows, many companies come to understand that they need some kind of ERP system. 

Generally, ERP is an organization's system for the integration of production and operations, human resources management, financial management and asset management. It is focused on the continuous balancing and optimization of enterprise resources through a specialized integrated package of application software that provides a common data model and processes for all areas of activity. 

In the past, the accountants worked manually in order to manage their clients’ data and filing taxes. Even various large and medium enterprises also used the services of accountants. But, with the advent of ERP software, it becomes easy to handle work-related responsibilities. And, one of the most advanced ERP software is Sage software. The goal of deploying such ERP systems is to optimize the costs and resources of the organization. A Sage software in Singapore offers quality management modules, project management modules, environmental management modules, etc.

What Is Sage Software?

Sage software is an advanced web-based accounting solution that is designed to meet the unique needs of businesses. Equipped with unmatched scalability, flexible deployment options and a robust suite of modules and features, Sage software can easily maximize business processes. In fact, the system is also featured with strong financial, operational, and customer relationship management features and capabilities, which can further tailor your solution with the most appropriate products and services.

So, what features are included in this software and how they benefit the organization. In this write-up, we will help in providing the answer to this question. So, let’s get started.

Features of Sage Software

1. Sales Optimization

Sage software is featured with a flawless Sales Management function that can easily maintain the records related to sales quotations, queries, and orders. Customers would not come back to making more purchases without prompt delivery function. This module can easily handle the process of communication between the sales team and warehouse management. When you install such software into your organization, the chances will become higher to create quotes and proposals, convert them into sales orders and invoices, and keep track of all the customers. This system module allows you to plan and manage sales channels, manage orders, manage cost, and manage transport.

2. Customer Relationship Management

This element of the Sage 300 erp software system also performs the same functions as CRM systems. It increases productivity, makes greater collaboration, and enhances the experience of clients.  The functionality of the system largely depends on the manufacturer, but the main activities include sales management, accounting of customer interactions, marketing management. By using the innovative Sage software solutions, the marketing team can become successful to generate new profitable leads and sales revenue. Consequently, Sage software empowers your customer service department by offering comprehensive information, which further helps in making wise decisions. 

3. Cash Flow Management

It becomes hectic for accountants to handle expenses incurred by their clients. After spending too many hours on financial reports, they are able to keep track of cash flow management manually. But with the help of Safe software, an accountant can easily obtain automated reports by generating them on time. In addition, the system will keep you updated with the final financial reports after editing them. This Sage software allows you to maintain the general ledger, manage settlements with debtors and creditors, carry out fixed asset accounting, manage cash, plan financial activities, maintain financial reporting and accounting, etc.

4. Invoicing and Payment Acceptance

In every business, invoicing is an essential factor, which further helps in dealing with finances. For an accountant, it is not that much easy to create invoices for all their customers manually. Plus, there are also high chances of human errors while creating a manual invoice. For making your client's life more comfortable, Sage software comes up with the advantage of creating, editing and sending invoices. With the help of such software, you cannot only minimize the risk of late or missed payments but you can also track payments to understand the clients' finances.

5. Advanced Inventory Management

Poor inventory management can result in loss of sales. Sometimes, it becomes difficult to handle the excess stock. But with the help of Sage software, it is easy to handle even poor inventory management issues, which further helps in staying profitable. The software has real-time stock data, which updates your clients about what they should add in their stock and what they should stop selling. Eventually, it will accommodate you and your clients to save time.

This element is one of the keys in the ERP financial system. It allows you to forecast demand, plan and manage logistics both inside the enterprise and outside it, manage purchases and suppliers.  It also allows you to manage the life cycle of a product from its development to disposal. ERP system modules make it possible to manage product data, control design, manage equipment life cycles, and manage customer needs.

6. Payroll

It is a module of Sage 300 accpac software that simplifies the payroll processes of your employees with direct deposit, pay cards or direct deposit checks. If you want to monitor employee records, the payroll checks the process and the taxes you collect for your employee. This in-build Payroll feature helps the clients to pay their employees, track profits, and record taxes. In addition, clients can also access Payroll related information anywhere and anytime. The solution also allows you to carry out personnel records, perform payroll calculations, keep track of working hours, work schedules and manage staff motivation.

7. Reporting

With Sage software, you now avail to create functional reports for construction, manufacturing, distribution, and more. In addition, clients can also track the performance of projects. With just one-click, reports on payables, receivables, sales taxes, expenses and profits, inventory, and payroll is generated. Furthermore, the system also allows you to design new reports, plus apply filters for customized views. Sage Software's reporting tools unify all types of reports and statistical data required for management. These reports can be generated for all processes, departments or functions in real-time.

Overall Takeaway

The use of Sage software Singapore significantly improves the quality of organization management. They simplify control over the flow of work between departments, reduce the costs associated with duplicating information and tasks and reduce the costs arising from the work of disparate management systems.