ProfiitPlus – Australian Business Management Software

Foresiight has been helping hard working Australians manage their businesses for over 35 years. As a Brisbane based, Australian run company ourselves, we know exactly what it takes to effectively run, support, and grow a successful business in Australia. That’s what we’re here for, to help you manage and stay in control of all aspects of your business so you can see it thrive in the Aussie marketplace.

How Foresiight Helps Australians Manage Their Business Needs

Each and every business in Australia has its own different needs. That’s an incredible number of unique elements to keep track of, more than anyone can count! This is why Foresiight provides all in one Austlralian business management software ProfiitPlus to keep every part of your business centralised.

We keep track of all the most vital business elements to help you keep things running as effectively and efficiently as possible. Following are some of the core things that we can help you track and manage, helping you stay on top of everything so your business can stand out and prosper.

  1. Purchasing and Inventory

Our business management software will track of each and every customer purchase made. Whether it’s made in person in one of your Australian locations, or even if it’s made internationally through your website, our business management software will monitor and record the details of every exchange. From processing payments and purchasing information, to acknowledging and updating changes in stock levels, ProfiitPlus keeps it all in one place to help you avoid the drudgery and confusion of tracking each sale.

2. Accounting

Celebrate each and every sale you make, but don’t forget to track your own expenses like some Australian business owners. Our platforms make it so you don’t have to worry if the ink is red or black, ProfiitPlus will keep track of all that for you, and we’ll record and analyse your financial performance on top of that.

3. Pricing

There’s more to finance than just revenue and expenses. Fast track any price changes you need to make, whether you’re having a sale, working out shipping costs for online orders, figuring out how much the tax is, or if you’re a wholesaler or selling retail with commission. No need get your calculator out, we’ve already got it covered.

4. Customer Relationship Management

Commonly shortened to CRM, the ProfiitPlus CRM module keeps track of all your customer information. It records names and contact info, and then puts it to good use too. CRMs are the quickest and best way to let your customers know about new products and promotions, as well as keeping them up to date on any changes via email newsletters or SMS marketing. From single contacts to entire digital marketing campaigns, we’ll track your success so your customer communication is always optimised.

What are the benefits of business management software?

Whether you own a large, medium, or small business, there are dozens of operations that Australian managers need to juggle all at once. Streamlining them all by automating and tracking them in a single database provides plenty of great advantages for your company.

Centralisation

As long as you can get to a computer or device you’ll be able to access to your entire business through a single program. The benefit of being able to manage your whole business from a single piece of software rather than having one for each individual aspect speaks for itself.

Time saving

Tracking everything your business needs takes up valuable time, and as we all know, time is money. Improving efficiency increases your revenue and in turn gives both you and your employees more time to focus on doing what you do best.

Automation

Stock and sales aren’t the only things we automate. Is there an upcoming public holiday in your state? Or maybe a new product release on the horizon? Or Christmas just around the corner? Automated forecasting will help you work out trends and adjust accordingly.

Why Foresiight?

New business management software solutions are popping up all the time. However, many of them are not tailored, either to specific industries or to particular business facets. Trying to retro-fit off the shelf software to your business can be a headache.

Foresiight has been specialising in managing Australian businesses for over 35 years. Over that time we’ve developed Alchemii, Liinc, and our flagship software, ProfiitPlus, to handle the unique needs of the marketplace in this country, across a range of specialised industries. There’s no need to worry about accidentally working something out in US dollars, we know Australian businesses and understand the challenges you face because that’s who we are too.

Support

Even before you join up with Foresiight we’re happy to lend a hand through the same support we give all our customers. Give us a call, send us an email, or contact us through our website, and our Australian based team will assist however we can. All contact goes through us, so you can have peace of mind knowing you’re speaking with someone who truly knows what you need as an Australian business owner.

Further information

To find out more about Foresiight’s leading business management software ProfiitPlus, simply call us on 1800 061 670 or use our easy contact form to tell us about your business and we’ll be in touch.

ProfiitPlus hardware store POS

ProfiitPlus hardware store POS

ProfiitPlus hardware store POS software integrates point of sale (POS), accounting and stock management. It’s trusted by hardware stores throughout Queensland and Australia-wide to provide the functionality and smarts that you need for the hardware store industry.

At Foresiight, we’ve been helping hardware stores to become more efficient and profitable for over 35 years. We’ve taken our learnings, to customise ProfiitPlus to meet the needs of our hardware store clients, now and into the future.

Our team of business consultants work with our hardware store clients to implement ProfiitPlus software across their multiple sites and ensure that staff are confident and comfortable with the software.

ProfiitPlus features

With ProfiitPlus hardware store POS, you will benefit from all of the standard features of our flagship business management software including:

All in one solution

  • One centralised database integrating point of sale, stock and accounting across all stores and sites
  • Transactional tracking from sale all the way through to your profit and loss statement
  • Full automation with no manual data entry
  • Track information by store, region, state or individual team member

Point of sale (POS)

  • Quick and efficient touch screen interface
  • Apply discounted promotional pricing
  • Added security with Store Manager and Head Office override passwords
  • Improve your customer experience with account retrieval and membership renewal
  • Prepare and manage invoices, orders and quotes from your point of sale
  • Record layby products by customer, record payment and set reminders

Real-time data

  • View up to date data in your chosen format
  • Enter a transaction at point of sale and stock levels, sales reports and accounting reports update instantly
  • Real time information provided to all levels of your business
  • Performance monitor across multiple POS terminals with instant reports

Stock Management

  • Control stock across multiple sites, stores and regions
  • Replenish orders for dispensed stock
  • Forecasting based on sales figures, stock holding and projected sales
  • Generate orders based on minimums and maximums
  • Order from hand-held scanning terminals
  • Central warehouse and distribution facilities

Accounting

  • In-built general ledger accounting system runs from the same database as POS
  • Full double entry accounting system
  • Live profit and loss balance sheet
  • Budgeting and financial analysis
  • Year on year reporting
  • Link to external payroll systems

Performance

  • Track and analyse performance by store, team members, sales channel, regions and more
  • Set performance targets for regions, stores and staff
  • Track average value per transaction and average number of units per sale

ProfiitPlus hardware store POS features

  • Simple touchscreen POS sales and trade counter style invoicing
  • Multiple pricing levels for customer-based pricing
  • Full promotion management for group and local promotions
  • Print shelf talkers and shelf labels
  • Sell items in unlimited units of measure with automatic stock control based upon preset ratios
  • Track serial numbers for high ticket items
  • Scan and create barcodes
  • Track fulfilment of customer orders – associate purchase order lines with sales orders
  • Integrate IHG & Mitre10 for electronic ordering and invoicing, Electronic Price Guides and Vii Loyalty
  • Price updates from a huge range of suppliers
  • Manage ratio items such as chain, rope and gas – buy it by the roll, sell by the metre or any other preferred denomination
  • Automatically maintain stock and pricing using predefined ratios and markups
  • Sell and purchase in different units of measure, including the purchase of gas in kilograms and sold in litres
  • Accommodate retail, wholesale, trade and contract pricing
  • Create quotes, special orders and sales from POS interface
  • Send customer messages from POS with automated messages or targeted SMS
  • Email invoices, orders, quotations and customer documents from POS

Foresiight support

Customisation

  • We will work with you to customise our software to precisely fit your business needs

Consultation

  • Our team of business analysts will review your business and provide a customised solution to cater for your present and future needs

Implementation

  • We work with businesses on-site for “implementation week” to ensure that you get all the support you need and a smooth transition

Training

  • We provide full on-site training to both front of house and back-office staff

Technical support

  • Our dedicated team of IT consultants are on-hand to support you every step of the way and you’ll always speak to a real person

Further information

Find out how ProfiitPlus hardware store POS can help your hardware store business to grow. Visit ProfiitPlus for hardware and building or use our easy contact form and we’ll be in touch.

Why you need landscape yard business software

As a small to medium sized landscape yard supplies business, you need a software solution that is built for the complexities of your industry. While “off-the-self” software solutions are readily available they don’t offer the industry customisations that you need to grow your business. At the other end of the spectrum, custom-built or bespoke software is out of your price range.

ProfiitPlus landscape yard business software is our leading business management software customised for your industry. Over the last 35 years, our team of business consultants have partnered with businesses in the landscape supplies industry and through this experience industry specific functionality has been incorporated.

What to look for in landscape yard business software

Using “off-the-shelf” business software has its limitations for a landscape yard business. These limitations can hold your business back, negatively impacting your profit margins.

What will I get with ProfiitPlus?

With ProfiitPlus, you’ll benefit from the following landscape and garden supplies business features:  

  • Support for unlimited ratio stock items – sell by the tonne, the cubic metre, quarter metre, trailer and more
  • Generate new stock items and update existing products with quick and easy bulk editing tools
  • Buy and sell in different units of measure – purchase by the tonne and sell by the metre
  • For front counter sales choose from trade style invoicing screen or cash register style
  • Create quotes, job cards, special orders and invoices
  • Easy drop-shipping – take orders at the counter and create purchase orders on-the-fly to deliver straight to site
  • Keep in touch with your customers via integrated SMS and email
  • Print delivery dockets with weight, size and delivery instructions
  • Import electronic price file updates from your suppliers
  • Accommodate commercial, trade, council and retail pricing with flexible pricing structures
  • Create pricing structures for individuals or groups of customers
  • Print delivery dockets with weight and volume
  • Manufacturing processes for re-potting as plants grow and increase in value

What you’ll get with Foresiight

When you partner with Foresiight you’ll get more than ProfiitPlus software. Based in Brisbane, our team of consultants make your business their business and work with you to help you grow.

Further information

Visit ProfiitPlus for landscape and garden supplies or use our easy contact form and we’ll be in touch.

8 reasons why you need hardware store software

8 reasons why you need hardware store software

Hardware store software that is customised to your industry will enable you to streamline and simplify your hardware store business. Here are 8 reasons why your business needs hardware store software.

  • Inventory

Getting inventory (or stock) levels right is critical to the success of hardware stores. You don’t want to buy and store stock that doesn’t sell because this significantly impacts the bottom line.  Getting this wrong too many times can be difficult to recover from.

Retail business management software provides automated stock control to avoid stock overs and profit loss.

  • Staffing

For bricks and mortar hardware stores, you need to consider not only the purchase and storage of inventory but the staff levels needed to maintain to keep stock moving. The additional expense of paying for staff to move stock that doesn’t sell further impacts your bottom line.

  • Time saving

Many start-up hardware stores track stock manually. Not only does this result in inaccuracies but it is also time-consuming which results in more (avoidable) human resource expense. Hardware store software enables automated tracking so there is no requirement for manual data entry, freeing up your staff for more important jobs.

  • Automated ordering

Intelligent hardware store software will automate your ordering process and reorder stock items when they fall below a pre-set level. This can be programed to allow for seasonal fluctuation such as busier holiday periods based on your historical sales data.

  • Forecasting

Customised hardware store software will enable smart forecasting which means that it will predict what stock you need for a given period and where you need it if you have multiple sites or an e-commerce channel. This is used to inform your automated ordering discussed in reason 4.

  • Centralisation

Control your entire hardware store business through one centralised database that you can manage from anywhere you have an internet connection. This database is your single source of truth across all the multiple teams and locations in your hardware store business.

  • Pricing

The right software will allow you to set your pricing however you need it. You may price stock items differently based on whether they are sold online or in-store or even based on retail store location or customer segment. You can apply discounts on certain products and even for certain customers such as trade customers vs retail customers.

  • POS

Your point-of-sale terminals need to be integrated with your inventory management system and vice versa. So that when you sell a stock item, it will automatically be removed as an item in your inventory list and your automated ordering knows to replenish the item.

Choosing Foresiight

At Foresiight, our flagship software ProfiitPlus has been customised to meet the unique needs of the hardware store industry. We know your industry and we understand the challenges that you face.

If you’re researching hardware store software, then give the Foresiight team a call today and ask us about ProfiitPlus. ProfiitPlus has been supporting Australian hardware stores for over 30 years.

ProfiitPlus works for our clients to:

  • Automate operations
  • Free up human resources
  • Integrate POS, stock and accounts
  • Provide a better experience for your customers
  • Enable stock control
  • Integrate multiple store locations
  • Integrate bricks and mortar and online stores
  • Increase your profits

Further information

Find out more about ProfiitPlus for hardware stores. Visit our hardware page, contact us online or call us on 1800 061 670 and request a free demo.

How to find the right Business Management Software in Australia

When faced with any important decisions in business or in our personal lives, weighing up the pros and cons is often a methodology we apply to help us make a rational decision.  

Deciding whether to upgrade your Australian small business to all-in-one business management software is no different. However, before even considering the pros and cons, you need to evaluate your business’ needs. Identifying the challenges that you are hoping to overcome and consider business management software as part of the solution.

Identity your business challenges

You know that things just aren’t working as effectively as they could but beyond that, can you pinpoint where the issues lie? It’s a good idea to go through this exercise as a starting point, before looking at the potential pros and cons of business management software.

At Foresiight, we’ve been working with small businesses throughout Australia and across various industries for over 35 years. Our leading business management software ProfiitPlus helps Australian businesses to take control.

Some of the challenges that they have experienced that ProfiitPlus has solved include:

  • Data inconsistencies and discrepancies throughout their business and from department to department
  • Multiple data entry taking up time that staff could better spend on other tasks within the business
  • Issues with stock such as under-ordering, over-ordering, spoilage and an inability to identify seasonal trends accurately
  • A requirement for business owners to be on-site and to micro-manage people and processes
  • End of year stock take becomes an overwhelming task and drains resources each year end
  • They are still using spreadsheets for project management causing processes to run inefficiently
  • They want to grow their business across multiple locations and need operations across locations to be integrated
  • They need to expand their sales into e-commerce and integrate operations with their bricks and mortar store(s)

Procrastination is common!

If you know you need to do something about your business operations but you haven’t quite got around to it, don’t worry, procrastination is common! Often, the thought of implementing new business management software seems like a mammoth task and business owners put it off for as long as possible.

However, if you are experiencing two or more of the challenges listed above (or even one depending on the extent of the issues that it is causing) it’s time to take action.

Working out what you need

Get your thoughts together with some lists to help you to work out what you need from your business management software.

List 1: All the software / systems that you currently use (such as accounting, inventory, etc)

List 2: The “must-have” features that you use already and need to grow your business (such as financial reports, international currency, etc)

List 3: The “desirable” features that will make your business more succcessful in the future (such as custom reports, manufacturing, etc)

Creating these lists will help you to start to identify potential business management software that will meet the needs of your Australian small business now and into the future.

Industry customisations

Some of the industries that we work with include:

Local support

For many Australian small businesses, it’s beneficial to have support from a local partner like Foresiight. We are based in Brisbane and when you call us for support you will always get to speak to a real person who understands your business and your industry.  

Further information

To find out more about Foresiight’s leading business management software ProfiitPlus, simply call us on 1800 061 670 or use our easy contact form to tell us about your business and we’ll be in touch.

Why you should switch from MYOB Retail Manager to ProfiitPlus

At Foresiight, we regularly work with businesses across a range of industries who are ready to upgrade from the retail or POS software that is holding them back.

ProfiitPlus is a great alternative to retail and POS software such as MYOB Retail Manager because it is so much more than just retail software. ProfiitPlus is all-in-one business management software.

MYOB Retail Manager certainly has an important role to play, serving small business retailers. However, what we often find is that as small business retailers grow into larger business retailers, they in turn outgrow the functionality of MYOB Retail Manager.

At Foresiight, we’re here to help small retail businesses grow beyond their current state and ProfiitPlus plays an important role in this.

Why is ProfiitPlus all-in-one business management software better?

What does “all-in-one business management software” actually mean? And how will it benefit your business? Let’s take look:

Integration

At its core, all-in-one business management software runs each of the following business functions from one database, enabling full integration:

  • Point of Sale
  • Stock control
  • Accounts

Automation

With your core business functions integrated in one database, data feeds automatically and seamlessly throughout your business. There is no need for multiple or duplicated data entry and you will always have access to real-time data from anywhere that you have an internet connection.

Accuracy

Through this automation, you will greatly reduce or even eliminate human error. This means you can have full confidence in the accuracy of your data and the business decisions that you make based on your data.

Add-ons

Further to this, you can also choose to add-on modules to suit your business needs. Some of ProfiitPlus’ add-on modules include:

  • Paperless Office
  • CRM
  • Loyalty & Rewards
  • Maintenance Records
  • Data Import/Export
  • Job Scheduler
  • eCommerce
  • Industry specific EDIs

Personal approach

At Foresiight, we take a consultative approach, partnering with our clients to help drive business growth. From implementation through to ongoing support, we pride ourselves on the personal service that we provide and the value we add to our client’s businesses. When you call Foresiight, you will always get to speak with a real person who understands your business.

Industry knowledge

Over the years, ProfiitPlus has been refined and customised for the key industries that we support. These include:

How difficult is it to switch from MYOB Retail Manager?

For businesses switching from MYOB Retail Manager to ProfiitPlus, we keep things as simple as possible.

We provide data conversion services to extract your most important data from MYOB Retail Manager and import it into ProfiitPlus. We are experts at converting information about your customers, suppliers, stock items, product groups, and account balances – to help make the transition a seamless one.

Our team of business consultants are here to support your business in the implementation of ProfiitPlus at every level of your business with training and consultation services. 

What our clients have to say

“Foresiight made the switch from MYOB Retail Manager to ProfiitPlus seamless. They really were with us every step of the way and now 6 months in we’re certainly seeing the benefits for the business.” – Business owner, Group of Hardware Stores

Further information

To find out more about Foresiight’s leading business management software ProfiitPlus, simply call us on 1800 061 670 or use our easy contact form to tell us about your business and we’ll be in touch.

How business management software works

Business management software, by definition is an application or set of programs that help businesses support, improve, and automate their operations and business processes. Business management software helps an organisation to eliminate errors, complete business tasks efficiently, report on key business metrics and increase overall efficiency and effectiveness.

Sounds great right? But how does it all work?

How business management software works

Well, that question is a little bit like the proverbial piece of string because there are lots of different types of business management software on the market and how they work differs based on how sophisticated (or complex) they are. The most effective and beneficial systems integrate business operations into one centralised platform, like ProfiitPlus.

To explain this further, let’s break down the different components of business management software.

Point of Sale (POS)

A point of sale, or point of purchase, is where your customers check-out either physically or virtually. It is the system that processes payment and gathers customer information enabling their purchase.  

Accounting

Your accounting system performs various accounting and bookkeeping tasks. It stores your business’s financial data and most modern systems automatically enter, store and analyse financial data.

Stock Control

Stock control, or inventory control, is achieved using a system that shows how much stock your business is holding at any given point in time and enables you to you keep track of it so you know exactly where it is. This applies to every item you use to produce a product or service, from raw materials to finished goods.

CRM

CRM stands for Customer Relationship Management. A CRM system enables you to store customer and prospect contact information, identify sales opportunities, record service issues, and manage marketing campaigns, in one central location. CRMs should make information about every customer interaction available to anyone at your company who might need it. For example marketing information is available to the sales team and vice versa.

If each of the systems detailed above exist in isolation within your business, then your business isn’t running effectively or optimally.

Why should you use business management software?

If you’re still not sure why you should use business management software, let us explain. When used correctly, business management software will help you manage everything in your business. If you are a business owner or manager it means that business operations can run without you and you can still keep on top of everything from anywhere you have an internet connection. Business management software will streamline business operations, increasing efficiency and profit margin and enabling your business to grow.

What should you look for in business management software?

Let’s be honest, there are a plethora of options when it comes to business management software from providers both in Australia and overseas. There are off-the-shelf solutions, bespoke systems that are built from scratch for your business and variations in between. Each come with varying functionality and price points. At Foresiight, we believe that there is a solution in between the two ends of the spectrum that meets the needs of Australian small business.

ProfiitPlus is neither off-the-shelf nor bespoke but a solution that has been refined and customised for our key industries over 35 years. These include:

Further information

To find out more about Foresiight’s leading business management software ProfiitPlus, simply call us on 1800 061 670 or use our easy contact form to tell us about your business and we’ll be in touch.

More than POS: Landscape yard software

More than POS: Landscape yard software

Are you a landscape yard or landscape supplies business looking for more than just a POS (Point of Sale) system?

Foresiight’s leading software for the landscape supplies industry ProfiitPlus is so much more than just a POS solution. It’s a complete all-in-one business management software solution. But what’s the difference? Let’s take a look.

POS vs business management software

Point of Sale (POS) in very simple terms is a digital cash register, a physical location where customers can purchase products or services. Most typically, POS transactions take place in bricks and mortar retail stores like landscape yards or service businesses such as cafes, beauty salons, hairdressers and so on.

POS functionality can vary but will include processing payments in various forms and may also record and track customer orders and manage promotions and loyalty programs.

On the other hand, business management software (sometimes known as ERP software) will do all of this and so much more. Business management software encompasses functions throughout your business not just at point of sale. Let’s take a look:

 POSBusiness management software
Process invoices and take payments
Quoting and complex sales workflows
Customer Management
Loyalty programs?
Promotions management
Purchasing and stock control?
Special orders
Supplier Electronic Price Guide
Accounting and finance reporting
Access from anywhere?
Complete automation
Comprehensive reporting and analysis
Industry integrations
Multiple sales channels

Advantages of business management software for landscape yards

You can see from the above comparison table how business management software works throughout the functions of a business, but what are the key advantages of this for landscape yards? Let’s take a look:

  • Optimise workflow processes
  • Instantly access critical business data from any location
  • Share data and insights across all business functions
  • Automate and integrate operations
  • Eliminate manual data entry
  • Maximise operational efficiency
  • Gain competitive edge

Landscape yard functionality

With Foresiight’s leading business management software ProfiitPlus, You will benefit from a solution that has been customised to meet the specific needs of the landscape yard industry.  These include:

• Support for unlimited ratio stock items – sell by the tonne, the cubic metre, quarter metre, trailer or bucket

• Generate new stock items and update existing products with quick and easy bulk editing tools

• Buy and sell in different units of measure – for example, purchase by the tonne and sell by the metre

• Choice between trade invoicing or cash register style screen for front counter sales

• Create quotes, job cards, special orders and invoices

• Easy drop-shipping – take turf orders or blocks and pavers orders at the counter, and create purchase orders on-the-fly to deliver straight to site

• Use the Booking Diary to schedule deliveries at POS

• Keep in touch with your customers with integrated SMS and email functionality

• Print delivery dockets including weight, size and delivery instructions

• Import electronic price file updates from your suppliers

• Accommodate commercial, trade, council and retail pricing with flexible pricing structures

• Create special pricing structures for individuals or groups of customers

• Manufacturing processes for re-potting as plants grow and increase in value

Further information

To find out more about Foresiight’s leading business management software ProfiitPlus, for landscape yards, simply call us on 1800 061 670 or use our easy contact form to tell us about your business and we’ll be in touch.

Small Business Stock Control 101

Why is small business stock control so important? Products and services are at the core of every Australian business, so managing and controlling your stock is vital to the success of your business.  Spending a fortune on dashboards, reporting and business analytics is money wasted if on the data being reported on is inaccurate.  Businesses need an accurate source of truth from which to make business decisions relating to stock. It makes sense then that stock control should be the focus of your small business ERP software solution.

In this article we take a look at what comprises small business stock control to ensure productivity and profitability within your business, the principles of small business stock control and how to achieve it.

What comprises stock control for small business?

Effective small business stock control means accurately measuring and tracking your inventory. Understanding when to order stock, how much to order and your price points. This can sometimes feel like guess work for small businesses. However, the right software will eliminate the guesswork and allow you to take control of your stock. Let’s take a further look at why small businesses need stock management software.

Having control of your inventory can make or break a small business. Whether it’s stock management for auto spare parts, stock management for pharmacy, stock management for tool stores and everything in between – knowing how to manage your stock is vital.

This means knowing when an item is likely to sell out and when is the best time to restock your best-selling products. How much it costs to store products that aren’t selling and how to avoid over-ordering.

What about manual handling?

While small businesses will look for ways to minimise investments, manually managing inventory is counter-productive. Using spreadsheets cannot keep up with the demand of modern small business stock control and limitations include:

  • Significant time and effort to manage
  • They are prone to errors and inaccuracies
  • They don’t integrate with other systems such as point of sale or accounting
  • They don’t give an overview of product performance

Stock Ordering

Stock ordering plays a crucial part in effective small business stock control and should be pivotal to your small business ERP software, integrated across you business.  You need to provide the right stock, for the right customer at the right price and the right time or risk your customers going elsewhere.  For some businesses this simply means having full shelves, using minimums and maximums to trigger ordering.  Managing these minimums and maximums however can be quite laborious, particularly where there are seasonal trends.

In a min/max setup, you risk being in a position where you have stock sitting on shelves for long periods of time.  This can have a major impact upon stock control.  The same issue is encountered when managing stock based on a one for one replacement system.  Whilst there are some industries that call for this type of stock control, the vast majority will want to maximise cash flow by having only as much stock as is required to suit demand.

Intelligent ordering systems can overcome these issues, by calculating orders based upon actual sales for a given period of time.  For greater accuracy, use a minimum 90 day period to establish average daily usage to forecast stock requirements.  Depending on your geographic location and ordering habits, ensure that your system accommodates the interval you order in and the transit time from order to shelf.  The order forecasting system should be able to calculate orders for any snapshot of your trading period, whether you are ordering for Christmas peak trade, end of financial year or Father’s Day sales.

Of course the ultimate in ordering is a system that takes into account all of these potential ordering methods.  Your business may adopt an ordering timetable that requires a combination of all methods of stock control.  That flexibility will allow your business to maximise cash flow at low trade periods and end of financial year, whilst boosting shelf levels at busy times.

The easy principles of Small Business Stock Control

No matter your industry, from stock management for paint stores to stock management for landscaping businesses or for pharmacy, the principles for effective small business stock control remain the same. Here’s a quick summary:

Quantities – knowing what stock is ready to be replenished, when to buy it and how much to buy is essential for efficient small business stock control.

Tracking – understanding where your individual stock items are at any given time is crucial to small business stock control and will result in happier customers as you will be less likely to be out of stock of desired items.

Shelf-life – inventory items will vary in value, and certain stocks may be perishable or seasonal, which can influence how you manage it.

Holding costs – take into account the associated costs of holding stock, such as warehousing, insuring and shipping or freight. Work out how much stock you need to hold and don’t hold more than you need to.

Value – work out which stock items make the most gross margin and focus efforts on the sale of these stock items for increased profit.

Best-sellers – know you best-selling stock items and conversely your slow moving stock items to improve your ordering strategy.

How to achieve Small Business Stock Control

So how to you get there as a small business? Investing in the right business management software Australia allows small business to take control of their stock. Business management software Australia is one of the biggest assets for small business.

Let’s take a look at some of the ways business management software Australia enables small business stock control.

Reduce errors – manually tracking data results in human errors such as typos made in data entry. These cause inaccuracies that can impact a business’s bottom line.

Reduce training time – hand-held scanners used for stock-take are not only accurate but easy to use which means minimal training time for staff.

Integrate systems – the right business management software Australia will integrate point of sale, account and inventory giving you a holistic view of your stock allowing you to make more informed business decisions.

Grow with your business – as your business grows you don’t want to outgrow your stock control software solution. You might want to open another store or add new product lines. The right software will enable your business to keep control of your stock as you grow.

Learn more about stock control with ProfiitPlus, our leading software for small business.

For further information on small business stock control get in touch with the Foresiight team on 1800 061 670 or use our simple enquiry form and we’ll be in touch soon.

The Basics of Small business Stock Control

Small business stock control has changed significantly in recent decades. The days of store owners manually counting and recording stock at the end of each business day or week are long gone so that nowadays we can take a much more sophisticated approach.

Let’s take a look at some of the small business stock control basics.

What is stock?

Also referred to as inventory, stock refers to the items that build up when your business buys product that doesn’t sell immediately. That is, they become “stock items”. What stock looks like a very different depending on your business, some examples are:

  • A clothes store purchases a line of the latest seasonal trends for the upcoming holiday period
  • A catering business buys ingredients in the morning for an evening function
  • A irrigation business buys parts to sell in their retail stores and use on jobs they are contracted for

Why do businesses hold stock?

In an ideal world, businesses hold stock for as short a period as possible. So that as soon as you have bought stock, you sell it on again at a profit. Of course, is doesn’t happen this way and most business owners need to hold more stock than their minimum requirements to allow to an increase in demand and dealing with unhappy customers. Therefore stock control measures need to be put in place.

Holding more stock than your minimal requirements also means that you can:

  • Buy in bulk which is often more cost effective
  • Have stock items to hand if there are any issues with your supply chain

What is small business stock control?

With the above in mind, what does stock control look like for small business? As a small  business, having control of your stock (or inventory) means that at any given point in time, you know how much stock you have, when to order more and at what price.

If you over-order on your stock, you have less cash available to spend in other areas of your business that it may be needed and you increase the risk of carrying stock – such as spoilage and costs associated with storage and transportation.

If you under-order stock you will lose customers who order items that are out of stock as they will simply go to a competitor and may not return to your business.  

Taking control of your stock is about striking a balance between over and under-ordering. Ordering the right amount of stock will improve your cashflow, reduce wastage, reduce lost sales and keep your customers happy and loyal.

Essentials of stock control

For any small business there are three key elements that when executed will help you achieve stock control. They are:

  1. Record your stock
  2. Know what to order and when
  3. Reduce costs and plan

Record your stock

Make sure that your stock data is up to date by creating an inventory ledger. In its most basic form an inventory ledger can be an excel spreadsheet but this has it’s limitations and relies on manual entry. The right business management software will automate this for you. An inventory ledger should record information like:

  • Date of sale
  • Product name and description
  • Quantity
  • Unit price
  • Total paid

Know what to order and when

Knowing what to order and when is essential and automated ordering will do this for you. The right business management software will provide reporting on historical sales to get an insight into demand. For example certain products will sell better at given times. Analysing these trends is one of the best ways to take control and order the stock that you need when you need it.

Reduce costs and plan

Good small business stock control will not only help to ensure that you always have the right products in stock but it will also help to reduce supply chain costs and get the best prices from your suppliers.

Further information

Find out more about Foresiight’s leading business management software ProfiitPlus, for small business stock control, simply call us on 1800 061 670 or use our easy contact form to tell us about your business and we’ll be in touch.

Small Business ERP Software: 5 reasons why you need it

We work with small businesses to medium sized enterprises specialising in wholesale inventory software and retail business management software. Why do our clients choose small business ERP software? In our experience, we’ve found some key reasons why our clients are seeking a small business ERP software solution. Often we hear that business owners are spending too much time working “in their business” instead of “on their business”. Issues like stock visibility and sales forecasting are common so if you’re experiencing issues like this you are certainly not alone!

Here are 5 reasons why ERP software in Australia is in demand from SMEs:

  1. You have different software for different processes and areas of your business

Unlike an all-in one business management software solution, when you have disparate systems in place, none of the systems talk to each other. For example your accounting team use one system for receivables and payables, and sales staff a separate system for customer orders. The process of taking orders, fulfilling them and inputting them into the accounting system is manual and takes up a lot of time that could be better spent.

When various front and back-end systems run separately, the result is often processes that “interrupt” the smooth running of your business. All-in one business management software or ERP software in Australia integrates systems so that your business operates from a single database.

  1. Accounting is time consuming

If your accounts team use paper-based invoices and sales orders and spend hours every week manually entering them into different accounting and sales systems it goes without saying that a lot of valuable time is being wasted. The right small business ERP software will handle all of this in an instant.

The same is true for financial reporting. Do you dread 30 June? Does it take forever to consolidate or reconcile financial information across systems and do you rely on countless spreadsheets? With the right small business ERP software your accounts team won’t have to spend hours manually reconciling data because your business operates from a single database.

  1. You don’t have easy access to information about your business

The best business decisions are well-informed ones. Do you currently know what your best sales margin is or can you find out very quickly? And other key business metrics like year to date sales or your best-selling product, are they readily available? To make the best business decisions that will enable sustainable growth you need these insights.

  1. Customer satisfaction is down

When a business is bogged down by inefficient processes, invariably it is your customers that suffer. Effective inventory management is a basic requirement to ensure that the right stock is where it needs to be when your customers want to purchase it. You absolutely don’t want stock shortages on your best sellers.

Order tracking is also a “must” when it comes to customer service. If a customer calls to find out where their order is you need to have the answer that they want to hear. Poor customer satisfaction will result in decreased loyalties and likely sooner rather than later your customers will choose a competitor over your business.

  1. Your small business stock control is poor

As mentioned above, effective small business stock control is vital for a successful business. The right small business ERP software will enable your business to track best-selling products against those are not performing so well. For example, those that aren’t performing well may need to be discounted in order to sell. Knowing your best performing products will then inform your buying strategy to increase the profitability of your business.

The right stock management software will also help you to review your pricing strategies by analysing your sales and profits and adjusting product pricing that isn’t generating maximum profit. Find out more about Foresiight’s all in one business management software.

 

 

 

 

 

The basics of Business Management Software Australia

Business management software, also known as ERP (Enterprise Resource Planning) software in Australia and overseas is software that unifies critical business functions including finance, sales and inventory (stock).

How does Business Management Software work?

Business management software consolidates the process of gathering and organising business data through an integrated database and software interface. Business management software contains applications that automates business functions and ensures that each business function is providing and receiving data.

In simple terms though, business management software helps businesses throughout Australia to improve operations across each department and is intended to serve all departments within a business with better and more efficient processes.

How long has business management software been around?

Business management software started out in the American manufacturing industry sometime around the 1960s. Back then of course it wasn’t software but we still use the term ERP to describe the initial paper based systems.

Modern business management software started to emerge in the late 1980s, early 1990s when computer software started to be integrated into daily business operation and began to roll out across may more industries than manufacturing.

Today, of course business management software is used across a broad range of industries, although still vital for successful manufacturing businesses to manage their supply chain, control stock, automate finances and more.

Benefits of business management software

Business management software will have multiple benefits for any organisation and is not limited to larger organisations. Although this may have been the case in its earlier days, today there are plenty of affordable solutions for Australian small to medium sized business. Here are some of the ways your business can benefit:

Workflow visibility

Before business management software and other ERP systems were available, communication and coordination between multiple departments and locations within a business took a lot of time and effort. It often involved staff calling or visiting different sites or departments to get a really good understanding of operations in each and how they all worked together.

Business management software really put an end to such requirements and revolutionised workflow visibility. Instead, through a shared database, every department, site, state/territory has full visibility of workflows throughout an entire business, in real-time.  

Streamline operations

This level of visibility streamlines operations because everything you need is at your fingertips. There are no operational road blocks caused by waiting on input from one area of the business to flow through to another area.

Insights and analytics

Smart business decisions are based on accurate and timely data and insights gleaned from this data. The right business management software will provide data collection, analytics and reporting to suit your business needs and enable you to make the right decisions from wherever you choose to run your business.

Collaboration

As mentioned above, with inter-departmental workflows easily accessible, this allows for high level collaboration which sees all the departments and areas of a business working together using accurate information. This reduces the instance of human error and mis-communication that can be costly.

Data security

Protecting your business from a breach a data security is more important than ever and will only continue to become more of a focus for businesses moving forward. Business management software provides security whilst also keeping all of your data in one place.

Industry customisations

For many small to medium sized business in Australia bespoke software exceeds budget. However, with business management software like ProfiitPlus you can still benefit from industry customisations which mean that you don’t have to try to make generic software work for your business.

Further information

Find out more about Foresiight’s leading business management software ProfiitPlus, simply call us on 1800 061 670 or use our easy contact form to tell us about your business and we’ll be in touch.

Small business EOFY Stock Control

Small business EOFY Stock Control

End of financial year (EOFY) is not usually a time that small business owners look forward to. Regardless of your industry, EOFY brings with it a host of essential tasks for tax, budgeting, review and planning and it can be a stressful time. One essential task for any business dealing with stock items to complete in the lead up to EOFY is of course your annual stocktake. Every small business owner knows this is a huge job. However, the right business management software can take the stress out of EOFY stocktake. Pair this with smart inventory management strategies executed year-round and EOFY stock take becomes much less of an undertaking.

Let’s take a look at some of the basics to help your small business win at stock control at EOFY and all year too.

What exactly is a stocktake anyway?

A stocktake is a physical count of all of the stock (or inventory) your business has on hand at a given point in time. A stocktake should record all of the following information:

  • A list of each stock item and its value
  • Any discrepancies between the theoretical stock on hand and actual stock on hand
  • How and when the stocktake was completed
  • Who valued the stock and the data that the valuation is based on

How often should a stocktake be carried out?

Stocktakes should be undertaken least once a year. For tax purposes this should be as close to end of financial year as possible, so that the change in your total stock valuation from one year to the next can be reported.

However, with the right business management software in place more regular stocktakes will have your business working more effectively.

Why is stock control so important?

For any inventory dependent business, it’s critical to understand what stock you have to hand, where it is and where it needs to be to meet customer demand.

What systems can help with stock control?

Some businesses use simple spreadsheets for stock takes (and for ongoing stock management) and although sometimes seen as the cheap and simple option, it is problematic. Using spreadsheets is time consuming and prone to errors and discrepancies. It relies on manual data entry and as quickly as data is entered it becomes out of date.

While using spreadsheets can work for businesses just starting out, you will very quickly outgrow the capabilities of spreadsheet stock management. If you’re operating across multiple sites and with multiple ways for your customers to purchase (such as e-commerce) then siloed spreadsheets are not going to give you the control you need.

Business management software like ProfiitPlus that integrates with your sales channels (both point of sale and e-commerce), stock and accounting functions will make your life a whole lot easier.

Multi-channel and location sales

One of the biggest challenges for businesses offering their customers the flexibility to choose how to they purchase is the complexity of order management. For example, is your e-commerce store integrated with your physical store(s)? Are these integrated with your third party online sales platforms? What happens if a customer orders something online but then returns is to a physical store?

A key feature of ProfiitPlus is the ability to count and keep track of products across multiple sales channels and locations in real-time.

Real-time integration

As mentioned above, one of the limitations of spreadsheets is that they provide a snapshot of what stock looks like at a given time and very quickly the data is out of date. They also can’t offer key insights like identifying slow-moving stock, seasonal trends and demand so that you can act quickly to ensure you have the right stock quantities in the right place. Or even better, so that you can act before the event by understanding supply and demand better.

Further information

Find out more about Foresiight’s leading business management software ProfiitPlus, and achieve the level of stock control your small business needs to take the stress out of EOFY. Simply call us on 1800 061 670 or use our easy contact form to tell us about your business and we’ll be in touch.

Get your small business online with the right software

If you’re an Australian small business retailer and have been selling products via your store, or stores, for a period of time, you have probably been advised at some point to diversify your sales channels and get online.

The reasons why you haven’t done this yet may be far reaching and don’t worry, you’re certainly not alone. Expanding your business to online sales may feel like a big step but with the right small business online sales software, you can have a fully integrated e-commerce solution that is easy to manage and profitable.

What is a multi-channel sales strategy?

You may have heard the term “multi-channel sales” with regards to getting your sales up and running online. Put simply, this term just refers to selling your products in other places, additional to your bricks and mortar stores. It means that you are providing multiple ways for your customers to purchase and includes an e-commerce sales solution. It can also include other online channels such as third party platforms like Amazon or eBay but this option is not always for everyone and will depend on your product, your audience and your overall sales strategy.

Do I need to enable online sales?

The short answer is yes. Providing your customers with the option to purchase online makes their life easier. While some will always prefer to come in store the convenience of online purchasing is obvious, especially if you’re dealing with periodical orders. Some retailers lend themselves better to e-commerce and this has a lot to do with the product your business sells. Customers can be more reluctant to purchase clothes online because they might get the wrong fit or style or even fresh products like fruit which they may want to see and touch. However, other products suit online shopping such as books, hardware, toys and everything in between.

By enabling online sales, you’re giving your customers the option to purchase anytime, from anywhere, when it suits them. Not providing this option is a big risk if your competitors do.

If you’re thinking of adding another bricks and mortar store to your business but you don’t yet have an e-commerce offering, it’s definitely time to start researching small business online sales software to find the solution that will grow your business without the expense of another physical store.

It’s predicted that online sales throughout Australia will reach over $35B by the end of 2021. So the question is why wouldn’t you want a part of this?

What about integration?

For businesses that already have bricks and mortar stores, the right small business online sales software, will integrate seamlessly with your existing sales channels. This means you won’t need to manually maintain stock information and sales transactions across multiple systems. Instead, your small business online sales software will do it for you.

Introducing ProfiitPlus

ProfiitPlus is Foresiight’s leading small business online sales software. ProfiitPlus connects your online store with your bricks and mortar stores. Our powerful eCommerce interface module has been purpose-built to integrate with the popular eCommerce platforms Magento and Neto.

With ProfiitPlus you can:

  • Automatically publish product information to your website including descriptions, pricing and stock levels
  • Easily pack and send orders that are automatically created once they’re placed by customers and ready to view in the ProfiitPlus system
  • Avoid double handling of data – keep your inventory up-to-date and keep your customer accounts and purchasing history in one place.

Further information

Find out more about Foresiight’s small business online sales software ProfiitPlus. Simply call us on 1800 061 670 or use our easy contact form to tell us about your business and we’ll be in touch.

5 reasons why you need Business Management Software

You’re an Australian small to medium sized business considering business management software. Since the launch of your business, you’ve likely been using various programs to handle your operations and in the beginning this didn’t really cause you too many issues. However, as your business has grown in recent years the inefficiencies that come with running different programs are starting to become apparent.

You may still have doubts about whether now is the right time to implement business management software. Here are 5 reasons why business management software is the right step forward for your Australian business.

  1. Improve efficiency and productivity

As an Australian business owner, improving efficiency and productivity within your business is all about providing the right tools to your employees. Using clumsy systems that don’t talk to each other creates inefficiencies between the different parts of your business. Add in manual data entry and this takes up a whole lot of time that is better spent on more important tasks – like taking care of customers.

2. Reduce errors

When information is manually entered and then transferred from one platform to another (and perhaps even another) there’s always the risk of errors occurring. Businesses tend to either tolerate or overlook such errors or waste precious time and resources checking and correcting errors. The former means that you can’t really trust the data on which you are making important business decisions which means you could be making the wrong decisions. The latter impacts your bottom line because of the unnecessary time spent.

All-in-one business management software streamlines the organisation of data within your business, upgrades your data management and secures your business from data errors and double entries.

3. Provide vital communication tools

One of the keys to business efficiency and success is good communication both internally within your business and externally to your customers. The right business management software will enable both efficient internal communication with tools like message boards and SMS as well as customer marketing and communication tools.

4. Improve customer satisfaction

Knowing your customer and understanding their needs plays a huge part in customer satisfaction. This is challenging when using disparate system that don’t talk to each other and access out of date data. With increased accuracy and efficiency comes better service for your customers. With your stock management taken care of, you’ll have full visibility and control and understand where stock needs to be when and what quantities to get to your customers as they need it.

5. Automation & integration

Sounding good so far? With the right Business Management software, all of the above is automated and your business departments are fully integrated. This means that your day-to-day operations can run effectively without the micro-management.

Foresiight’s industry customisations

Foresiight’s leading business management software ProfiitPlus has been helping Australian businesses to take control for over 35 years. Over the years, our team have taken real-life experience to create industry customisations so that Australian business can benefit from a tailored solution without the hefty price tag that comes with bespoke software. Some of the key industries we’ve got covered:

  • Irrigation and pumping
  • Hardware and building
  • Automotive and marine
  • Landscape and garden
  • Pharmacy
  • Tools and industrial
  • Mowers and small motors
  • Safety and workwear

Further information

Find out more about Foresiight’s leading business management software ProfiitPlus for small to medium sized operations. Simply call us on 1800 061 670 or use our easy contact form to tell us about your business and we’ll be in touch.

Choosing the right hardware store software

Choosing the right hardware store software

In an industry that is always evolving, you need hardware store software that will keep up with your business and your competitors. In the hardware store industry competition is fierce but the right hardware store software can help you take control and give you the edge.

What do you need?

Knowing what you need from your hardware store software is the first step to finding the right system for your business. This comes from understanding the challenges that you currently face so that you can work towards the solutions that will overcome them.

If your business is facing any of the following challenges then Foresiight’s leading hardware store software ProfiitPlus may well be your solution.

  1. You’re still using spreadsheets to manage business processes
  2. Manual data entry is taking up too much time and leading to errors, like incorrect pricing
  3. Processes aren’t automated or integrated across the functions of your business
  4. As soon as data is entered it’s out of date
  5. Staff don’t know what is going on in another part of the business that they aren’t responsible for
  6. You’re building reports manually across different areas of your business
  7. You have discrepancies in your data and in your stock counts
  8. You feel like you’re always working IN your business instead of ON your business

Your hardware store software solution

Foresiight’s leading business management software ProfiitPlus has been customised for Australian hardware stores. Our team have partnered with small to medium sized hardware store businesses throughout Australia for over 35 years. We know your industry and we know what you need from your hardware store software.

With ProfiitPlus software for hardware stores you’ll achieve full automation and integration of your accounting, stock control and point of sale business functions.

You’ll also benefit from ProfiitPlus features customised for hardware stores and designed based on industry experience, so that you can access the tools that you need to run a better business. They include:

  • Multiple pricing levels for customer based pricing
  • Promotion management for both group level and localised promotions
  • Easily print shelf talkers and shelf labels
  • Automatic stock control and pricing based upon preset ratios and mark-ups
  • Track serial numbers for high value products
  • Scan and create your own barcodes
  • Easy-to-use touchscreen POS interface
  • Associate Purchase Order lines with Sales Orders to track fulfilment of customer orders
  • Support for IHG, Mitre 10, Home Timber & Hardware, HBT, H Hardware, and other industry groups
  • Integrations for electronic Ordering and Invoicing, Electronic Price Guides and Loyalty schemes
  • Manage price updates from a huge range of suppliers
  • Sell and purchase in a range of unit types including lineal meter, kilogram, number of days and more
  • Sell and purchase in different units of measure, including the purchase of gas in kilograms and sold in litres
  • Flexible pricing structures to accommodate retail, wholesale, trade and contract pricing
  • Create quotes, special orders or sales invoices from a single sales interface
  • Raise linked purchase orders from customer orders with automatic allocation of stock upon receipt
  • Automatically generate purchase orders
  • Email invoices, orders, quotations and customer documents from POS
  • Use touchscreen mobile terminals to get staff out from behind the counter and in front of your customers

The Foresiight difference

Based in Brisbane, our team of business consultants will work with you to get to know your business and the challenges you face. And that’s why hundreds of retail and wholesale businesses throughout Australia trust Foresiight to get their business working more efficiently. Our software is more affordable than large ERP systems but more powerful than basic accounting or POS systems often used by start-up businesses.  

Further information

Find out more about Foresiight’s leading hardware store software ProfiitPlus for small to medium sized operations. Simply call us on 1800 061 670 or use our easy contact form to tell us about your business and we’ll be in touch.

Quick history of ERP software in Australia

At Foresiight, we’ve been providing ERP software in Australia for over 35 years, partnering with small to medium sized businesses to provide enterprise resource planning (ERP) solutions that meet their needs.

An ERP solution integrates and automates critical business functions throughout a business including accounts, sales and stock control. The Australian ERP industry has grown considerably in recent decades, testament to the business need and pivotal role that ERP plays in business success.

ERP software in Australia is now so mainstream it has become standard not just for large corporations but also for small to medium sized business. It wasn’t always that way though.

How did ERP start?

1960s: Before ERP there was MRP. MRP is “material requirements planning”. In the 1960s large manufacturing businesses built the first MRP systems themselves to track inventory and production.

One of the first MRP systems was developed by J.I. Case, a manufacturer of tractor and construction machinery, with IBM.

The original MRP systems were expensive to develop, took up a lot of space and required teams of experts to maintain.

1970s: In the 1970s, the adoption of MRP systems gained traction among large companies but it was still out of reach for smaller organisations.

1980s: It wasn’t until the 1980s that more sophisticated versions of MRP systems were developed that supported manufacturing processes beyond inventory and production. They allowed for the other departments involved in manufacturing to connect.

From here, it wasn’t long before other industries realised that the manufacturing industry was onto something.

1990s: In the 90s, research organisation Gartner, coined the phrase “enterprise resource planning” which referred to the evolved MRP systems being adopted by industries other than the manufacturing industry.

Throughout the 90s ERP systems continued to evolve and become more sophisticated, but their cost and complexity still limited their use mostly to medium and larger corporations.

2000s: Smaller businesses were now demanding the same access to information across the breadth of their operations as larger organisations. ERP systems evolved to become easier to use with lower cost of maintenance. SMB’s now began to implement ERP systems widely to help grow their business.

2010s: By the 2010s ERP systems were able to process data in real-time and evolved into the sophisticated systems that we see today. Deployment had become more flexible with options including on-premise, cloud, and hybrid models.

ProfiitPlus

At Foresiight we’ve been on our own journey to develop and customise ProfiitPlus so that today we provide affordable ERP for Australian SMEs across a wide range of industries. We provide leading functionality and industry customisations and partner with each business that we work with to ensure smooth implementation.

FAQs

What’s the difference between MRP and ERP?

MRP systems were first invented for the manufacturing industry. Once their functionality evolved and began to be adopted by other industries outside of manufacturing, MRP became known as ERP.

What is Cloud ERP?

Cloud ERP is delivered via the Internet so it doesn’t need a physical on-premise server or “master” workstation. It means that business owners can access data from anywhere with an active Internet connection. Cloud ERP enables the sharing of information across multiple locations in real-time.

What is On premise ERP?

On premise ERP operates entirely within the four walls of a business on their own server and network equipment. Some business owners prefer this option due to security, data sovereignty, and reduced dependence on Internet connectivity. Most on premise ERP systems also provide a way of allowing restricted remote access from outside the building.

What is Hybrid Cloud ERP?

Hybrid cloud ERP combines elements of both on premise ERP and cloud ERP. For example, the ERP software itself may be held on premise, while the reporting engine may be in a cloud environment for “anytime, anywhere” access. Likewise, mobile applications may be used out in the field and connect back to an on premise ERP.

Further information

There are a range of very different ERP systems out there, each with their own strengths and weaknesses. It’s important to select a system that will fit your business processes – you shouldn’t have to make your business fit the software. Even more importantly, you’ll want to make sure you have a local support team to speak to, with real people who understand your industry.

Find out more about Foresiight’s leading ERP software for Australian small business ProfiitPlus, or use our easy contact form and we’ll be in touch.

ProfiitPlus: Business management software for irrigation supplies

ProfiitPlus: Business management software for irrigation supplies

At Foresiight, we have a long history working with Australian irrigation supplies businesses and our business management software ProfiitPlus has been customised to meet industry needs.

What is business management software anyway?

Business management software can also be known as Enterprise Resource Planning (ERP). This sounds very corporate but it simply refers to a type of software that organisations use to manage day-to-day business activities including accounting, procurement, stock management, project management and supply chain operations.

Business management software brings together these processes into one database and enables an automated flow of information between each function.

Business management software fundamentals

The fundamentals of business management software remain the same regardless of whether the industry you’re in is irrigation supplies, retail, hardware, garden centres, pharmacy or anything in between. Business management software is designed around a single, data structure called a schema that exists on a common database. This ensures that the information or data used across a business is standardised based on common definitions and user experiences. All of the data from different parts of a business departments (e.g. finance, human resources, marketing, operations) is connected, or integrated, with processes driven by workflows.  Business management software not only connects the systems of each part of a business but importantly the people who use them. In simple terms, business management software is the system that integrates people, processes, and technologies across an entire business.

A brief history of business management software

Business management software has evolved considerably over recent decades. In the infancy of business management software, it was first used by large corporations that had grown out of the manufacturing resource planning (MRP) systems used since the 1960s. Modern ERP systems first emerged during the 1970s and began integrating finance and accounting functions with human resources and equipment maintenance management — evolving from focusing exclusively on manufacturing. By the mid-1990s, business management software had become more mainstream when some government agencies began to use it. Around this time ,systems were being tailored for SMEs and becoming more affordable and accessible.

The benefits of business management software

Business management software will streamline your business, making it more efficient and more profitable. Here are some of the benefits:

  • organise business information in an accessible and user-friendly way that saves time and increases productivity 
  • automate business processes and reduce manual efforts
  • minimise human error in data input
  • collect, manage, and control business information in one central place
  • make the right business decisions based on accurate data and reporting
  • get work done faster and more effectively
  • provide customers with better service and increase customer loyalty

Irrigation supplies business features

We have customised ProfiitPlus to meet the unique needs of the irrigation and pumping supplies businesses. Some of our industry specific capabilities include:

  • Use booking diary to schedule jobs
  • Create quotes, job cards, orders & invoices
  • Create purchase orders for domestic and international purchasing
  • Create and manage Jobcards for customer repairs, warranties and servicing
  • Job Manager submodule and JobMate mobile app for servicing and repairs
  • Integrated EFTPOS

Choosing the right business management software

When it comes to choosing business management software there are a plethora of options available. The best place to start your research is to look for software that has been designed or customised for your industry and is built for Australian SMEs. With Foresiight’s ProfiitPlus, you can be confident that our software is customised based on years of experience and industry knowledge of irrigation supplies businesses. Our team of business consultants know your industry and what you need in your business management software.

Further information

Find out more about ProfiitPlus for your irrigation supplies business or use our simple online form to tell us about your business and we’ll be in touch.

Landscape and garden stores business software

Running a landscape and garden store has many challenges and complexities that are unique to your industry. You need business management software that has been customised for landscape and garden stores

What to expect from ProfiitPlus

Business Management – Manage all aspects of your landscape and garden supplies business from a single system. ProfiitPlus handles everything from backend accounting, to stock management through to point of sale (POS). Get your business running more efficiently.

Stock control – increase your opportunity for sales by taking control of your stock/inventory so that you can maintain the best product selection for your customers and have stock items where you need them, when you need them. Set minimum and maximum stock levels to save time and simplify the ordering process. You will get support for unlimited stock ratio items so that you easily sell by the tonne, cubic metre, trailer, buckets or other measures. Plus, you can buy and sell in different units of measure for example buy by the tonne and sell by the metre.

Point of Sale – improve your customer service with ProfiitPlus’ fast and easy-to-use POS interface. Staff training is easy with the intuitive interface.

Sales and invoicing – Create quotes, work orders and invoices on-the-fly. Data entered automatically updates across all modules, in real-time. Which means that information is always up-to-date.

What to expect from Foresiight

When you partner with Foresiight you’ll get more than ProfiitPlus software. Based in Brisbane, our team have years of experience supporting landscape and garden supplies businesses. We know your industry and the challenges that you face.

Further information

Find out more about growing your landscape and garden store business with ProfiitPlus, or use our easy contact form and we’ll be in touch.

Why you need hardware store POS

As a small to medium sized hardware store, you need a point of sale (POS) software solution that is built for your industry. You need a hardware store POS solution that integrates your business from stock control, through to sales and accounting.

ProfiitPlus hardware store POS and business software has been customised for the industry but is more affordable than purpose-built or bespoke software. Over the last 35 years, our team of business consultants have partnered with businesses in the hardware industry and through this experience ProfiitPlus has been customised to meet your needs.

What to look for in hardware store POS software

Using “off-the-shelf” POS software and trying to retro-fit it to your hardware store has its limitations. That said, bespoke or purpose built software is often too expensive for smaller hardware store businesses.

The ideal solution is customised software developed with the nuances and intricacies of hardware stores in mind.

What you’ll get with ProfiitPlus

Some of the features and functionality of ProfiitPlus that will help your hardware store are:

  • easy to use touchscreen POS interface
  • automated stock control to preset ratios
  • sell items in unlimited units
  • create quotes, special orders and sales
  • email invoices, orders, quotations and customer documents from the POS interface
  • track product serial numbers for high value items
  • customer based pricing via multiple pricing levels
  • flexible promotion management at group and local level
  • print shelf labels and talkers
  • scan and create barcodes
  • connect Purchase Order lines with Sales Orders to track fulfilment of customer orders
  • IHG and Mitre 10 integration
  • electronic ordering and invoicing, electronic price guides and integrated loyalty program
  • pricing updates from a wide range of suppliers
  • easy management of ratio items such as chain, rope and allowing you to buy by the roll and sell by the metre (or any other measures)
  • stock levels and margin management
  • retail, wholesale, trade and contract pricing

What you’ll get with Foresiight

When you partner with Foresiight you’ll get more than ProfiitPlus software. Based in Brisbane, our team make your business their business and work with you to help you grow.

Further information

Based in Brisbane, we’ve been working with Australian small business for over 35 years. Our leading hardware store POS software is built for Australian hardware stores. Find out more about ProfiitPlus hardware store POS or use our easy contact form and we’ll be in touch.

Online store software for small business

Online store software for small business

In the current global climate, online shopping has become the norm. From groceries to homewares, clothing to health supplements and everything in between, online has quickly become the channel of choice for many Australians to purchase what they want and need.

Of course, as a small business it can be argued that this places an unfair advantage on larger corporations and organisations. Can small businesses who have been entrenched in their bricks and mortar store compete with the eCommerce solutions of big business?

The answer to this question is yes! For savvy and smart small business owners, eCommerce (online shopping) presents an opportunity to diversify. Importantly, it is another means through which to reach your customers.

It sounds like a lot of work…

We get it – the task can seem daunting. You’ve traditionally been a bricks and mortar store. You have limited capacity to process and fulfil online sales. And you carry a wide variety of products. So where do you start?

At Foresiight, our team of small business software consultants have been supporting businesses all over Australia to get online. Based in Brisbane, we work with small businesses across a range of industries to integrate their physical and online stores. Most importantly, we support businesses to:

  • Integrate ordering and manage multiple physical locations in conjunction with online
  • Make sure the right stock is where it needs to be at the right time
  • Automate business processes online and offline
  • Enable one source of truth – a common database that connects all of your stock, suppliers, customers, and orders
  • Streamline the customer experience to achieve loyalty and satisfaction
  • Eliminate data duplication into multiple systems

Further information

We’ve been working with small business for over 35 years. Consequently, our leading business management software ProfiitPlus has been customised significantly over time. So today it seamlessly integrates with popular eCommerce platforms such as Neto and Magento.

As they say, the proof is in the pudding. That’s why our clients continue to grow and become more profitable. All with the help of online store software solutions built for Australian small business.

Get in touch today

Check out our eCommerce page here to find out more about Foresiight’s leading integrated online store software for small business.

Next, use our simple online form to request a free demo or a quote and we will be in touch.

How ERP software helps irrigation supplies business

Irrigation supplies ERP software can transform your business into a more efficient and profitable operation. At Foresiight, our flagship ERP software ProfiitPlus has been customised for the irrigation supplies industry. Our team of business consultants understand your industry and your needs and we partner with you for success.

What is ERP software?

ERP stands for “Enterprise Resource Planning” and refers to software or systems that organisations use to manage day-to-day business operations such as accounting, sales, supply chain and stock management. ERP software (also known as business management software) isn’t just for big businesses and is pivotal to the success of small to medium sized businesses.  

At its core, ERP software brings together a broad spectrum of business processes and enables the flow of data between them.

The fundamentals of ERP software

The fundamentals of ERP software are applicable across all industries including irrigation supplies businesses. They are designed around a structure called a “database schema” that has a common database. This interconnects business processes driven by workflows across departments (or functions) of a business. It connects not only the systems that are integral to each department but also the people who use those systems.

What are the benefits of irrigation supplies ERP software?

Irrigation supplies ERP software will provide:

  • One source of truth
  • Elimination of data duplication
  • Updates in real time
  • Data collection from shared transactional sources
  • Reduction / elimination of human error

How does this apply to an irrigation supplies business?

If you own or run an irrigation supplies business, you may still be wondering exactly how ERP software can support your business.

As an irrigation supplies business you deliver water management solutions, perhaps across a range of industries such as agricultural, commercial, residential and mining. Your business not only provides a service to your customers through the project work that you do but also offers stock/supplies (products) for purchasing, usually available through your website and/or your physical store(s).

You face unique challenges and every day is different and your audiences are wide and varied.  You may have contractors urgently needing pipe, valves, fittings and accessories for larger scale projects at the same time your sales reps are helping DIY homeowners find the parts they need for small jobs around the house. This, as well as working on your own projects providing water management solutions.

Irrigation supplies ERP software has the functionality to integrate all of these business functions via the common database discussed above.

Functionality for irrigation supplies

Customised for the irrigation supplies industry, Foresiight’s leading ERP software ProfiitPlus provides all of the following functionality:

  • Quotes and orders
  • Front counter sales
  • Customer order history
  • Customer-specific pricing and contract pricing
  • Stock control for 1000’s of product lines
  • Equivalent/substitute products
  • Kits & assemblies
  • Ratio Items (e.g. rolls of poly pipe sold in various lengths)
  • Flexible inventory replenishment
  • Mobile stock control & ordering using StockMate
  • Job scheduling
  • Vendor bulk pricing updates

…and most importantly, we have the experience to ensure you get the most from your business software. We are ready to help your business to grow and become more profitable – just like we’ve done for hundreds of Australian businesses!

Further information

Based in Brisbane, the Foresiight team of business consultants are experienced partners for irrigation supplies businesses throughout Australia. We understand your challenges and from years of experience we have customised our software to meet your industry needs.

Get further information on Foresiight’s leading small business software ProfiitPlus or use our simple online form and we will be in touch.

Brisbane based business management software

At Foresiight, we’ve been providing business management software solutions for small businesses in Brisbane and throughout Australia for over 35 years.

If you are a small to medium sized business based in Brisbane, Queensland or in Australia, it’s a good idea to research and compare software providers based in Australia who can provide local support and who understand Australian small business.

Integrating your business operations with business management software such as ProfiitPlus, is key to business success. If you are currently using multiple software products across different parts of your business that don’t integrate properly you will know all too well the inefficiencies that occur in daily operations. These inefficiencies impact your business significantly and essentially result in lost profit.

This is the case for many clients that come to Foresiight looking for a software solution to help them to take control of their small to medium sized businesses.

What does integration mean?

When we talk about “integration” there of three core business functions that should work together. They are accounting/finance, stock control and sales. With the right business management software in place, these are automated and integrated so that data is seamlessly inputted, shared and updated across each.

Business functions

For small to medium sized businesses there are a range of business functions that often operate in silos and do not “talk” to each other.  These may include:

  • General Ledger
  • Accounting
  • Sales &/or Point of Sale
  • CRM & Customer Service
  • Supplier & Supply Chain Management
  • Inventory Control
  • Job Costing
  • Staff Timesheets
  • Manufacturing
  • Payroll & HR
  • Fixed Asset Management
  • Reporting & Analysis

All in one business management software integrates these functions resulting in business efficiencies you may not have thought possible.

The benefits of integration

Now that we’ve covered the areas of your business that should be integrated, let’s take a look at the benefits of integration to your business and your bottom line. Is integration something that you really need or is it just another business buzz word? Is it something that you should invest in and will you see the return on your investment? There are multiple benefits including:

  • Workflow is simplified as customer service staff do not need to check the sales floor and/or stock room to answer customer queries. This significantly increases efficiency and means that staff can focus their time on customer service.
  • Stock control is crucial for business success and with the right business management software in place you will always understand what stock you are holding and what stock you need to meet customer demand based on past trends. This reduces the risk of stock overs and unders and unhappy customers when their needs are not met.
  • Manage staff with scheduling and time sheeting functions to ensure correct staffing levels for peak and off-peak times and accurate tracking of hours worked by each team member which results in less payroll errors.
  • Automate operations so that there is no need for manual tracking with spreadsheets and laborious stock counts. This reduces head hours and vastly improves business efficiency.
  • Reporting will be accurate, automated and available in real time from wherever you are. It will provide a holistic view of your business enabling you to make informed and intelligent decisions to take your business to the next level.

Further information

Based in Brisbane, the Foresiight team of business consultants work with small to medium sized businesses across a broad range of industries. Some of the key industries that we work in include tools and hardware, pharmacy, landscape supplies, automotive, irrigation supplies and more.

Get further information on Foresiight’s leading small business software ProfiitPlus or use our simple online form and we will be in touch.

The importance of small business stock control

Small business stock control is one of the most important but overlooked factors needed for business success. But what does effective small business stock control look like, how is it achieved and why is it so important?

What do we mean by small business stock control?

Taking control of your stock (or inventory) is the core component of your supply chain management. It aims to have the right stock (products or inventory) available in the right place, in the required quantities and at the exact time that they are needed. This is the essence of small business stock control. Getting this right will reduce the cost of carrying excess inventory, maximise sales opportunities and increase your profit margin.  

How is this achieved?

Sounds great right but how is this achieved? Foresiight’s leading business management software in Australia is ProfiitPlus. ProfiitPlus provides sophisticated stock control functionality designed with small business in mind and customised with industry targeted specifications. Our all in one business management system integrates sales, stock and accounting function for absolute control.

What are the benefits?

But how will this level of control benefit your business? Business software that integrates your stock operations with your sales and accounts, will enable you to:

  • Reduce costs and increase both cash flow and your bottom line
  • Track and measure your inventory in real time from anywhere
  • Help with sales forecasting through the year
  • Prevent product shortages and surpluses that cost your business
  • Improve warehouse organisation and human resource management
  • Easily manage multiple locations management, for example across stores and/or warehouses

What strategies should I use?

Once you have the right software in place, there are some strategies you should incorporate into your operations that will ensure you achieve small business stock control.

Forecasting – accurate forecasting is crucial and without it you will not achieve stock control for your small business. With ProfiitPlus, you will be able to base your projected sales calculations on historical sales figures, year on year, taking into account seasonal demand, market trends, special offers and more.  

Stock take periodically – regular stock takes are still vital to ensure that you have the stock you think you have and that it’s all where you think it is, in the right place to reach your customers in a timely manner. The frequency of stock takes will depend on your business and whether you’re dealing with perishable products. With ProfiitPlus, stock take is much easier with the functionality of mobile barcode scanning.

Prioritise by Value – all stock is not of equal value and one unit of a certain product will not match the dollar value to your business as another unit of product. Categorising your stock by value and making sure that you have particularly tight inventory controls in place for your high value stock will reduce the impact on your bottom line when stock is damaged, lost or wasted.

Eliminate shortages and overs

Effective small business stock control will save your business money in the long term by avoiding stock overs, resulting in product that doesn’t sell and impacts your bottom line. It will also help you to make money because you will have less missed sales opportunities due to the unavailability of stock. If an item isn’t available and a customer wants it now, they will buy from a competitor and your business misses out on not only that sale but also potentially the repeat business as well.

Frequently Asked Questions

Can’t I just carry on using spreadsheets to manage stock?

You could – but your business will suffer. Spreadsheets need to be manually updated which means time is required for data entry, human error is common and you won’t have a picture of your stock in real time, instead the data is almost always out of date. Last but not least, spreadsheets do not integrate with your sales or accounting functions so you will be entering data into multiple systems all of the time.

Isn’t business management software for big organisations?

No. For small businesses it can be even more critical that stock control is efficient. Foresiight’s market leading software ProfiitPlus is customised for the needs of Australian small businesses across a wide range of industries.

I’m expanding from one store to two, is now a good time to consider how well my business is managing stock?

Definitely. With the expansion of your business, you’ll need to manage your stock across multiple sites and multiple teams. Spreadsheets and some start-up software can’t manage this.

Further Information

Find out more about Foresiight’s market leading small business management software ProfiitPlus. Our software has been developed over 35 years to help Australian small business to take control, grow and become more profitable. We partner with businesses across a range of industries and offer customisations to suit. Check out our industries page for more information.

A look at business management software in Australia

Business management software can also be known as Enterprise Resource Planning (or ERP) software. It is sometimes thought that ERP systems suit larger corporations whereas business management software is for smaller organisations. This isn’t necessarily true and the two terms can be used interchangeably to mean software or a system used to manage business processes.

Business management software here in Australia, can have a number of different functions. It can be either custom built or customised to meet the unique needs of not only a given industry but a given organisation. In simple terms though, it is business management software designed to integrate, automate and streamline processes to make businesses more time and resource efficient which in turn, increases profitability.

Business management software is used for managing inventory, production sales and accounting. It also monitors and manages resources throughout a business such as:

  • – revenue
  • – materials
  • – orders
  • – human resource
  • – expenses

This is achieved via a single interactive database management system so that one source of truth exists within your business and there is no inaccurate and conflicting data, reporting and insights.

What types of business management software is available in Australia?

Online – Cloud-based or online business management software solutions are accessed via the internet and payment is a subscription basis. The software itself isn’t owned or licensed by the end user but is provided as a service. This is also known as Software as a Service (SaaS).

On-premise – Business management software solutions that are installed on a server physically located on the business premises are known as on-premise solutions. Traditionally the license for an on-premise system is sold on an up-front basis and treated as a capital expense. However, many on-premise systems now also offer a subscription-based license.

Some on-premise systems also offer a “hybrid” deployment option, where the software may be hosted in a cloud data-centre environment rather than on-site.

What are the benefits of business management software?  

Small businesses will see many benefits and over time they will see the return on their initial or ongoing investment. Let’s take a look at some of the key benefits:

Transparency: Rather than each part of your business having its own information system, data is shared and can be accessed throughout your business. This eliminates the need to enter data into multiple systems or export data, which means less human error, increased efficiency and cost savings.

Decision-making: The real-time data enabled through an all-in-one system can benefit many areas of your business for the purposes of marketing, management, accounting, forecasting and more. This enables business owners (or managers) to make intelligent business decisions and respond quickly to changes.  

Productivity: The increased efficiency of streamlined business processes allows for a shift in focus from operations and logistics to business strategy which leads to business growth. Business management software will enable you to work “on” your business instead of “in” it.

Stock management: For any business that handles stock, effective stock control is crucial for success. Effective small business stock control will help you to review your buying cycles, supply and demand, seasonal fluctuations, pricing strategies and more. Knowing your best performing products will inform your buying strategy to increase the profitability of your business.

What types of industries use business management software in Australia?

Any business in Australia that handles stock will benefit from business management software that integrates stock management with accounting and point of sale functions. Businesses with large and complex inventory needs or with multiple stock locations will see the greatest benefit, with operations streamlined across all locations.

Further information

For further information on ProfiitPlus, Foresiight’s leading business management software in Australia, leave your details via our contact form and one of our business consultants will be in touch. We’ve been helping small businesses to grow for over 35 years and we’re ready to help you.

Distribution management software for small business

If your small wholesale distribution business is using multiple systems to manage business operations, business efficiency and your bottom line will be suffering.

With Foresiight’s leading business management software ProfiitPlus, you will benefit from one fully-integrated solution to manage your entire business. That’s one system, one partner and one source of truth.

What’s wrong with the systems I have now?

Entry level systems to manage your accounts, supply chain, payroll, ordering and warehousing will only get you so far. For wholesale distribution businesses that have grown beyond their initial start-up phase, these systems are no longer viable and will hold your business back. You may have grown to multiple sites, added an online sales channel, employed more staff; however you have grown your old systems will be struggling to keep up.

Ask yourself the questions below to understand whether your wholesale distribution business is being held back by your legacy systems.

  • Are your staff entering the same data into multiple systems multiple times?
  • Do you feel as though you have control of your stock?
  • Do you have issues fulfilling orders in a timely manner because you are under-stocked?
  • Do you have issues with wastage because you are over-stocked on certain products?
  • Do you rely on spreadsheets?
  • Are you able to accurately measure and report on how business is tracking?
  • Do you have processes in place that you stick to or do you often need to find “work-arounds” to reach your desired outcome?  
  • Are your customers happy?
  • Are you happy with how your wholesale distribution business is running?
  • Are you happy with how your wholesale distribution business is growing?

What about the cost?

Wholesale distribution software is an investment in your business that is not dissimilar from buying a new piece of equipment to improve production output. ProfiitPlus manages your entire business to streamline processes and ensure efficiency and in turn increases profitability.

What is ProfiitPlus?

ProfiitPlus is Foresiight’s flagship software powered by over 35 years of experience that comes from our Brisbane based team. Over the years ProfiitPlus has been refined and customised to meet the needs of wholesale distribution throughout Brisbane, Queensland and Australia.

How will ProfiitPlus help?

ProfiitPlus comprises a complete all-in-one solution. With ProfiitPlus you can:

  • Manage your distribution warehouse requirements
  • Completely manage your supply chain
  • Integrate warehouse management
  • Calculate, forecast and automate ordering
  • Scan stock from a mobile device
  • Manage operations across multiple locations from any location
  • Easily manage recalls, returns and repairs
  • Have the right products, in the right place, at the right time
  • Process immediate stock transfers between locations

What our clients can expect

When you work with Foresiight, it’s not only the features of ProfiitPlus that will help your business. Our team of consultants make it their business to know and understand your business.

From our head office in Brisbane, we partner with wholesale distribution businesses Australia wide. 

We believe that an innovative approach to the way that wholesale distribution businesses manage and integrate their sales, stock control, accounting and online ordering is crucial for a business to grow in these challenging times. We believe in “information innovation”; so much so that we incorporated the double “i” into our name.

We regularly work on-site with our clients to meet their unique needs and ensure the smooth implementation of ProfiitPlus throughout their business.

We invest in ongoing research and development to ensure that our business management solutions remain market leading in today’s continually changing business environment.

Further information

Talk to the Foresiight team about how we can help you grow your wholesale distribution business with our customised software ProfiitPlus. Simply call us on 1800 061 670 or complete our easy online form and we’ll be in touch.

Find out more about ProfiitPlus.

6 ways hardware store software will grow your business

There is no doubt that 2020 has been a tough year particularly for small business. For some businesses though, it has provided the opportunity to take stock, to diversify or to review business operations and whether the processes in place still work optimally in 2020 and beyond.

At Foresiight, we work with hardware store clients throughout Queensland and Australia. If you run a hardware store and are looking for ways to future proof your small to medium sized business then business software customised for the specific needs of hardware stores is a good place to start.

Here are 6 ways that hardware store software will support you to grow your business.

  1. Take control of your stock

Do you always have the right stock in the right place at the right time? If the answer is “no” or “not always” then this will incur significant costs to your business. Successful businesses understand where stock needs to be and when, to meet customer needs. They have visibility over weekly and seasonal fluctuations and an accurate understanding of supply and demand. They have automated ordering in place and integration between stock, accounting and point of sales functions.

2. Hardware customisations

You can still benefit from hardware industry customisations without going to the expense involved in implementing bespoke software built specifically for your individual business. With software like ProfiitPlus, Foresiight’s leading all in one business management software, industry customisations are good to go for hardware and tool stores. Read more about ProfiitPlus for hardware stores.

3. Full business integration

With ProfiitPlus up and running, you will achieve one source of truth. That means one database and interface to manage operations throughout your business. When your stock ordering system doesn’t talk to your accounting system it makes managing cashflow challenging and results in inaccuracies. Similarly, if stock ordering doesn’t integrate with point of sale, manual stock takes for re-ordering are time consuming and susceptible to human error. Full business integration is efficient and frees up human resource.

4. Automation

Say goodbye to spreadsheets and manual stock takes. With the right hardware store software in place, integration and automation work hand-in-hand to streamline your business processes. This means that at any point in time,  staff members across different teams and/or locations can get an accurate understanding of operations, stock-levels, sales and ordering.

5. Accurate data

With operations automated and integrated, you can be confident that your data is accurate. Using multiple systems and duplicating data entry across these systems, will always result in discrepancies and inaccuracies. Making business decisions becomes challenging  because you don’t have confidence in the information you have to hand. Your hardware store software should give you the right data that is a true representation of what’s going on in your business at any given time.

6. Consolidated IT costs

Integrated systems means integrated costs. Streamline your IT resources with one system, one supplier, one database and one license. Reduce staff training requirements and the time spent to manage multiple, disparate systems.

Talk to the Foresiight team about how we can help you grow your business with our leading hardware store software ProfiitPlus. Simply call us on 1800 061 670.

Find out more about ProfiitPlus for hardware stores.

Grow your distribution business with our leading management software

Our leading distribution business management software ProfiitPlus has been customised to meet the needs Australian wholesale and distribution businesses. ProfiitPlus handles all facets of your supply chain and distribution operations in one easy-to-use system. At Foresiight, we understand the intricacies of managing your invoicing, your balance sheet, your customer needs, procurement and everything in between. That’s why ProfiitPlus has been built and customised to support your unique needs as a wholesale distribution business.

How do I know if I need distribution business management software?

If you are trying to ascertain whether you need to invest in business management software specifically tailored for distribution businesses, thinking about the questions below might help. Are any of these challenges that your business faces on daily, weekly or a regular basis? Are they challenges that are preventing your business from growing? Would you describe them as barriers? Are they the things that keep you awake at night? Consider these questions:

  • • Is your team manually entering the same data into different systems across your business and wasting valuable time in the process?
  • • Are you distracted with the complexity of managing operations when you should be concentrating on improving your customer service?
  • • Do you use spreadsheets in an effort to achieve stock control throughout your business?
  • • Are you a small business that has out-grown the systems put in place to manage operations when you first started out?
  • • Are you finding data inaccuracies throughout your distribution business that are costing you money?
  • • Are you struggling to make business decisions because you don’t have access to intelligent business insights?
  • • Do you find it a challenge to step away from your business because you are integral to the successful running of operations?
  • • Are you “micro-managing” your team and/or your processes?
  • • Do you spend more time “in” your business than “on” your business?

If any of the above challenges ring true for you then taking the next step to grow your business with the right distribution business management software could be a smart move. Understanding the features of our distribution business management software is a great first step.

What are the features of ProfiitPlus distribution business management software?

  • • Warehouse management
  • • Sales, invoicing and purchase order management
  • • Pricing management
  • • Sales and purchase forecasting
  • • Complex bundle promotion handling
  • • Shipment apportioning
  • • Multi-location and multi-cost centre control
  • • Calculated and forecast ordering
  • • Replenishment location ordering
  • • Online ordering integration

Easy integration and partnership

Our team of Brisbane based developers and business consultants know ProfiitPlus inside-out and they understand the requirements of distribution businesses and the unique challenges that you face. We’ve been working with small to medium sized businesses throughout Brisbane, Queensland and Australia for over 30 years.

We’re with you every step of the way through implementation to ensure a smooth transition from your existing system for your staff and your customers. Beyond implementation, we pride ourselves on the partnerships that we create with our clients, working with you to help grow your business.

Who are Foresiight?

Based in Brisbane since 1981, we were recently acquired, as part of Constellation Software via its operating group Vela Software Asia Pacific, Foresiight benefits from a strong corporate platform with international support and governance, while continuing to operate with the same small company responsiveness.

Why choose ProfiitPlus?

There are many options when it comes to basic “off-the-shelf” business management systems and then there is a big leap to the much larger, more complex and more expensive systems and software.  ProfiitPlus fills that gap – providing the power of a sophisticated business management system, that is easy to use and affordable for small to medium sized Australian businesses.

Further information

Find out more about ProfiitPlus for wholesale and distribution businesses, fill in our contact form or call our team on 1800 061 670 today for a free demo.

Business software helping landscape supplies business to grow

Our leading business management software ProfiitPlus has been customised to meet the needs of landscape and garden supplies businesses throughout Australia. As a landscape supplies business, your needs are unique but we understand the industry and what you need from your management software.

Why choose business software?

Your landscape business may have grown to the point that the business management processes that you put in place in the past are no longer functional and may in fact be holding your business back. If you answer “yes” to three or more of the following questions, it’s time to start considering how business management software could transform your landscape supplies business.

  1. Are you manually entering the same data into different systems across your business?
  2. Do you use spreadsheets for record keeping and stock control?
  3. Are you finding data inaccuracies caused by human error?
  4. Are you struggling to make business decisions on the fly because you don’t have access to intelligent business insights?
  5. Do you struggle to step away from your business because you are integral to the successful running of operations?
  6. Are you “micro-managing” your team and/or your processes?
  7. Do you spend more time “in” your business than “on” your business?
  8. Are your business operations siloed?

How does all in one business management software work?

All in one business management software works primarily to connect your accounting, sales and stock management business functions into one database to achieve full integration and automation across your business. This is the core of our leading business management software ProfiitPlus.

Further, with ProfiitPlus add-ons and customisations created exclusively for the landscape supplies industry you can improve your customer management, quoting, invoicing, margin management and stock control.

Grow your business with all in one business management software

We’ve helped many landscape supplies businesses throughout Australia to grow by taking away the stress of business operations and the uncertainty of not having an accurate and real-time view of what’s going on in your business. ProfiitPlus has given many business owners the opportunity to focus on running their business as operations and processes are taken care of.

What can ProfiitPlus do for your landscape supplies business?

Here’s what you need to know about the features of ProfiitPlus for your landscape supplies business:

• Support for unlimited ratio stock items – sell by the tonne, the cubic metre, quarter metre, trailer, bucket, and more

• Save time by generating new stock items and updating existing products with quick and easy bulk editing tools

• Buy and sell in different units of measure – e.g. purchase by the tonne and sell by the metre

• Choice of trade style invoicing screen or cash register style for front counter sales

• Create quotes, job cards, special orders and invoices

• Easy drop-shipping – take turf orders or blocks & pavers orders at the counter, and create purchase orders on-the-fly to deliver straight to site

• Use the Booking Diary to schedule deliveries at the point of sale

• Integrated SMS and email to keep in touch with your customers

• Print delivery dockets including weight, size and delivery instructions

• Print proforma invoices for customers

• Save time by importing electronic price file updates from your suppliers

• Flexible pricing structures to accommodate commercial, trade, council and retail pricing

• Create special pricing structures for individuals or groups of customers

• Print delivery dockets with weight/volume

• Manufacturing processes for re-potting as plants grow and increase in value

We know that as a full-service landscape yard, you probably carry a range of hardware supplies too. Foresiight software is used widely in the hardware & building supplies industry, so you’ll benefit from all of the features of a great hardware store system. Selling timber by the lineal metre or the pack, selling bolts by the carton, the packet or as a single unit – no problem!

Don’t put up with your old accounting system or POS system any longer. Start managing your stock and running your business the way you want it run – ProfiitPlus is the right tool for the trade.

The Foresiight difference  

Established in 1981 as an Australian privately owned company, we work from our head office in Brisbane, to partner with businesses throughout Australia.

We believe that an innovative approach to the way that businesses operate and integrate their point of sale, stock control, accounting and mobile commerce is crucial for a business to grow. 

In Australia there are many basic “off-the-shelf” accounting and POS systems, and then there is a big leap to larger and more complicated (and expensive) business management systems.  Foresiight fills that gap, providing software that is affordable and easy to use.

Recently acquired, as part of Constellation Software via its operating group Vela Software Asia Pacific, Foresiight benefits from a strong corporate platform and international support and governance, while continuing to operate with the same small company responsiveness.

Further information

Find out more about ProfiitPlus for landscape supplies, fill in our contact form or call us today for a free demo.

How to find the best Business Management Software in Australia

When it comes to finding the best business management software in Australia, it can be difficult to know where to start. One common mistake is starting the research process without first understanding or identifying why your business needs to implement all in one business management software. What are your business objectives? There are some key objectives that all in one business management software will help you to achieve. It’s important to ask the right questions of potential software providers to find the right solution to meet the needs of your business now and into the future. Some of the top reasons business need implement all in one business management software include to:

  • manage stock complexity
  • achieve small business stock control
  • integrate multiple business locations
  • manage multiple cost centres
  • streamline a complex sales process
  • streamline a complex supply chain

One you’ve identified your business objectives, these are the “whys”, start your research into the “whats”. Firstly, look at the “whats” in relation to potential software providers. Consider whether they are able to offer the below and are they provided at a fixed price or as add-ons? If it’s the latter this may quickly exceed your budget.  

  • Customisation:
    • Will they work with you to customise software to precisely fit your business needs?
  • Consultation:
    • Will they provide a consultative service and really get to know your business and the challenges that you face?
  • Implementation:
    • Will they support your business through a smooth transition to their software?
  • Training:
    • What training will they provide to your team to ensure that they are confident using their system?
  • Technical support:
    • When technical support is needed, will you get to speak to a real person?

Secondly, look at the specific features of business management software. What features of the software will help you meet the business objectives that you’ve identified? The following checklist can help as a guide to work-through “what” features you should expect in all in one business management software.

  • Point of sale (POS) system
    • A front-end interface that is easy to use so that training is minimal and your implementation runs smoothly
  • Customer service
    • A module that provides an integrated and holistic view of your customer base to improve customer service
  • Loyalty and rewards program
    • The ability to reward your loyal customers and keep them coming back again and again
  • Product management
    • Features such as product categorisation, product hierarchy and product master data management
  • Small business stock control
    • Optimise your stock levels, manage stock movement, reduce wastage and more
  • Store or site structuring
    • The capability to link multiple stores and sites for full integration across your business
  • Pricing and discounts
    • Automate pricing and improve productivity and customer satisfaction
  • Sales reporting and analytics
    • • Provide essential insights to inform business decisions such as purchasing and pricing
  • Supplier management
    • The ability to manage suppliers through centralised procurement

In summary, when researching the best business management software for your Australian based business, consider the “why” as well as the “what” to find the right solutions to meet your business objectives.

For further information on Foresiight’s leading  business management software in Australia call us today or leave your details via our contact form and we will get on touch with you.

Business Management Software for your Wholesale Business in Australia

When you’re running a busy wholesale business, finding the right business management software to manage your stock, ordering, accounts and other business operations can get neglected. You can find yourself working “in” your business instead of “on” your business with your focus on getting through each day keeping your orders up to date and your supply chain in order.

However, for your business to grow, you need to be able to step away from your day-to-day operations confident in the knowledge that they will run efficiently and effectively without you. Let’s take a look at how the right business management software for your wholesale business will enable growth and future proof your business.

Agility in changing times

As a wholesale distribution business, in order to expand and grow your profits, you need the capability to change your business and move with the times (not against them). This could mean expanding into new geographical or demographical markets and managing increasingly diverse and complex stock. To do this successfully, you must have one source of truth within your business, so that products, information and money can flow without any barriers or discrepancies.

Understand your growth opportunities

It is impossible to understand the opportunities for your business to grow if your systems and operations remain siloed. Foresiight’s leading business management software for wholesale distributors will  seamlessly provide you with a real-time view of operations throughout your business and your supply chain, giving you the insight that you need to make smart business decisions. ProfiitPlus can help you assess your current capacity as well as enabling your future growth with accurate sales and stock forecasting based on your historical data.

Get online

2020 has been the year that many businesses have been forced online in order to survive. However, with siloed systems and manual processes in place this has been a huge challenge for many. The right business management software will seamlessly integrate your warehouse and e-commerce operations turning your online business into a profitable one quickly.

Further benefits of all in one business management software

Running your operations from an all in one business management software system has many other advantages.

  • • Save time and resource, say goodbye to manual data entry
  • • No more spreadsheets to try and manage stock
  • • Integrate your ordering, accounts and stock operations
  • • Run your business from any physical location
  • • Access one source of truth
  • • Step away from the day-to-day running of your business
  • • Stop “micro-managing” business processes
  • • Fully digitise your business and integrate bricks and mortar with online

Why choose Foresiight?

At Foresiight, we’ve been working with small to medium sized businesses throughout Australia for over 35 years. Based in Brisbane, we offer our expertise through the personalised service that we provide to each and every business that we work with. We support each businesses to customise our flagship software ProfiitPlus, to the specific needs of their industry and their business.  

Our business consultants have experience across a range of wholesale industries including irrigation and pumps, landscape supply yards, auto parts, tools and industrial and more. We understand industry specifications and over the years we have tailored ProfiitPlus for the industries that we specialise in.

Further Information

Follow the link for further information on Foresiight’s market leading all in one business management software ProfiitPlus. Or contact us today for an obligation free demo of ProfiitPlus and see how we can support your business growth.

Irrigation supplies business management software

Are you under the pump managing the multitude of time consuming administrative tasks it takes to keep your irrigation supplies business running? Do you feel like you are working “in” your business when you should be working “on” your business?

What do irrigation supplies businesses do?

You’re in the business of building and supplying irrigation parts for various projects. Some of these might include:

  • • Irrigating households and household water supply
  • • Water features and fountains
  • • Fish farming pumping and aeration
  • • Household and commercial filtration
  • • Flood control
  • • Golf course irrigation
  • • Fire fighting facilities
  • • Water treatment infrastructure

To service the projects you work on as well as your direct customers your product range is wide and varied and might include:

  • • Pumps
  • • Pipes
  • • Sprinklers
  • • Hoses and fittings
  • • Water meters
  • • Fittings
  • • Valves
  • • Water filters
  • • Water storage

The scope and breadth of your projects, means that you may have multiple stores, locations, offices and you may have showrooms. These all service your customer and your business needs.

What challenges does your business face?

You carry products and provide services which means that your business processes can be complex and with this comes multiple challenges, they might include:

  • • Multiple systems – you have multiple systems in place across your business and no single “source of truth”
  • • Manual data entry – these systems rely on manual data entry which takes time and resource
  • • Stock control – stock data isn’t updated in real-time so it’s always out of date and stock transfers are challenging
  • • Lack of visibility – it’s challenging to understand exactly what is going on in your business at any given time
  • • Inaccurate data – human error and multiple systems mean that your business data is prone to inaccuracy

How can business management software help?

The right business management software will automate employee driven busines processes for your irrigation supplies business. This frees up employees to do their actual jobs and take better care of your customers and the projects at hand.

Business management software such as Foresiight’s ProfiitPlus can help your business to achieve all of the following.

Stock control

Only buy and store the stock that you need based on accurate and real-time stock data. Avoid over-stocking and the cost that comes with it as well as under-stocking which results in project delays and/or disappointed customers.

Automation

Processes such as your ordering are automated so there is no manual handling and no room for human error.

Forecasting

Business management software enables you to predict stock levels, automate financial forecasts, staffing requirements and more so that you can make smart decisions to grow your business over time.

Anytime, anywhere

Manage your business from your multiple locations at any time. You don’t need to be at your “head office” to manage projects, stock, businesses processes or accounts.  

Is it time to invest in Business Management software?

If you are still not sure whether it’s time to invest in business management software for your irrigation business, then our easy checklist will help you to review where you are at with business operations and whether things are working efficiently. Answer each of these questions honestly:

  • • Do you rely on manual data entry?
  • • Do you use spreadsheets for stock control?
  • • Is your point of sale separate to your accounting and stock control?
  • • Are you  required to work out of a specific location to undertake certain tasks?
  • • Are you or your team members entering the same information over and over again into multiple systems?
  • • Are you unable to step back from day-to-day business operations?
  • • Do you “micro-manage” your business?
  • • Are you struggling to digitise your business and link online sales/ordering with your bricks and mortar stores?
  • • Do you struggle to understand what your customers need and want from your business?

If you answered “yes” to more than five these questions then now is the perfect time to talk to Foresiight about how we can help.  

Why choose Foresiight?

At Foresiight, we’ve been partnering with small to medium sized businesses throughout Queensland and Australia for over 35 years. Based in Brisbane’s north, and partnering with businesses across Queensland, our business consultants provide their expertise and personalised service to each and every business that we work with.

Our business consultants have specialised experience across a range of wholesale and retail industries including irrigation, tools and hardware, pets and produce, automotive and more. We understand industry specifications and we have tailored our leading all in one business management software ProfiitPlus to meet and exceed the needs of each industry.

Why choose ProfiitPlus?

Over the years ProfiitPlus has been customised to meet the specific needs of irrigation supplies businesses like yours. We currently work with successful irrigation businesses operating across Queensland, servicing Brisbane, the Gold Coast, the Sunshine Coast and beyond.

We understand irrigation and this is reflected in the customisation of our ProfiitPlus software.

ProfiitPlus provides:

  • • All in one solution
  • • Point of sale interface
  • • Real-time data and insights
  • • Stock management
  • • Accounting
  • • Performance monitoring
  • • Plus the options to add-on CRM, Paperless Office, JobMate and more

Further information

Chat to one of our team of business consultants today about how ProfiitPlus can help your irrigation business to grow through these challenging times. Call us on 1800 061 670 or complete our simple enquiry form and we’ll be in touch.

The top 8 benefits of all in one business management software

All in one business management software is designed to integrate operational areas of your business and automate the processes required to keep your business running successfully.

But why should small businesses strive to achieve this? As a smaller operation is all in one business management software a “nice to have” or a “must have”? The answer depends on how successful you want your business to be now and into the future.

At Foresiight we’ve been supporting small to medium sized businesses across Australia for over 35 years. Our flagship all in one business management software ProfiitPlus has helped these businesses to grow. Let’s take a the top 8 benefits of business management software.

  • Better business reporting. Accurate reporting on your business metrics allows you to make informed decisions, the right decisions for your business and your staff. You’ll get real-time information from one single database. This means one source of truth so no more discrepancies and inaccuracies in data across different systems.
  • Next level customer service. All in one software gives you better access to customer information. This means faster response times for customer orders, enquiries and feedback and improved order accuracy. All of this will take your customer service to the next level and increase customer satisfaction and loyalty to your business over your competitors.
  • Take control of your stock. All in one business management software gives you ultimate control over your stock. With this in place you can carry the optimal amount of stock, across all products at any given time of the year (taking into account any seasonal demands). This means that you can reduce the overhead costs for holding more stock than you need while also avoiding under ordering and disappointing customers and/or clients with out of stock items.
  • Boost cash flow. Automate your invoicing so that invoices are dispatched and paid in a timely manner. This means more cash on-hand for your business and less human resource needed to create and follow-up on invoicing.
  • Cost savings. With streamlined and automated processes in place you’ll see the cost savings from improved inventory control, better procurement management, better customer service and improved vendor/supplier relationship management.
  • Improved data security. You can be rest assured of improved data security for your business and your customers with dedicated security resources.
  • Standardised processes. With manual processes comes human error and variations in the away in which processes are used and followed. Simply because we’re all human! With processes automated, they are standardised and not reliant on interpretation.
  • Better supply chain management. You’ll be able to achieve lean inventory (only store what you need), reduce production bottlenecks and achieve transparency throughout your entire supply chain.

Why choose Foresiight

At Foresiight, we’ve been partnering with small to medium sized businesses throughout Australia for over 35 years. Based in Brisbane, we offer our expertise through the personalised service that we provide to each and every business that we work with.

Our business consultants have specialised experience across a range of wholesale and retail industries including pharmacy, hardware, pets and produce, automotive and more. We understand industry specifications and over the years we have tailored our leading all in one business management software ProfiitPlus to meet and exceed the needs of each industry.

Further information

Chat to one of our team of business consultants today about how ProfiitPlus can help you through these challenging times and future proof your business. Call us on 1800 061 670 or complete our simple enquiry form and we’ll be in touch.

Why business management software has never been more relevant for Australian small business

There is no doubt that these rapidly changing times present many challenges for small businesses throughout Australia. At the time of writing this article metropolitan Melbourne has been locked down for a week (for the second time) leaving many small business owners unable to operate out of their bricks and mortar stores. While in NSW and Queensland, earlier optimism is fading as we face more uncertain times.

Something that has enabled Australian small business to adapt quickly and survive is the right business management software. All in one business management software has never been more relevant for small business and here’s why.

Get online

This is a big one. With bricks and mortar stores either closed or open with strict measures in place such as limited customer capacity, small businesses need to be online. It’s no longer a “nice to have” it’s a “must-have” and for many small businesses it’s critical to survival. Simply having online store isn’t enough either, if online operations are inefficient and require unnecessary resources to manage this will be costing your business.

Operating an online store can  bring with it the burden of manually maintaining stock information and sales transactions in multiple systems.  Your online store needs to increase your revenue not your workload.

Your online store needs to work for you in the following ways:

  • • Automatically publish stock information to your website including descriptions, photos, pricing and stock levels
  • • Automated web ordering is created in your ProfiitPlus system, ready for your staff to pack and send
  • • No more double handling of data – keep your inventory up to date and keep your customer accounts and purchasing history in one place.

Manage your business from anywhere

The second key benefit of business management software for small business in Australia is that you can effectively management your business from anywhere, at any time. That means, from home during lockdown or periods where it is recommended to work from home if possible.  

You can achieve all of the following remotely from any location:

  • • Small business stock control – through automated ordering and integration with your sales channels
  • • Full integration – across business operations and multiple locations
  • • Business analytics – access accurate data and real time insights to drive smart business decisions

Is it time to invest in Business Management software?

Our simple checklist will help you to review where you’re at with business operations and whether it’s time to invest in business management software.

  • • Are you relying on manual data entry to manage business processes?
  • • Do you use spreadsheets to manage your stock?
  • • Is your point of sale managed separately to your accounts and stock operations?
  • • Are you forced to operate out of a physical location for your business to survive?
  • • Are entering the same data into multiple systems?
  • • Are you unable to step away from the day to day running of your business?
  • • Do you feel that you need to “micro-manage” business processes?
  • • Are you struggling to digitise your business and integrate online sales?
  • • Does the closing of your physical location(s) have a devastating impact on your bottom line?

If you answered “yes” to most of these questions then it’s time to invest in the right business management software solution for your Australian business. Future proof your business with Foresiight’s leading software for Australian small business ProfiitPlus.

Why choose ProfiitPlus?

All in one solution

  • • One centralised database that integrates across point of sale, stock inventory and accounting
  • • Track transactions from initial entry of sale all the way through to your profit and loss statement
  • • Reduce data errors and save time as there is no manual entry of data
  • • Track information by store, region, state or individual team member
  • • Manage multiple stores with a one single and efficient interface

Point of sale interface

  • • Quick and efficient touch screen interface
  • • Apply discounted promotional pricing
  • • Security with Store Manager and Head Office override passwords
  • • Improve your customer experience with account retrieval and membership renewal
  • • Prepare and manage invoices, orders and quotes from one screen
  • • Easily record layby products by customer, record payment and set reminders

Real-time data

  • • View up to date data in your chosen format
  • • Enter a transaction at point of sale and stock levels, sales reports and accounting reports update instantly
  • • Real time information provided to all levels of your business
  • • Monitor performance across multiple POS terminals with instant reports

Stock Management

  • • Manage stock across multiple regions or stores
  • • Option to designate multiple stock areas eg. warehouse, retail floor, aisle number
  • • Replenish orders for dispensed stock
  • • Order suggestions based on sales figures, stock holding and projected sales
  • • Generate orders based on minimums and maximums
  • • Order from hand-held scanning terminals
  • • Central warehouse and distribution facilities

Accounting

  • • In-built general ledger accounting system runs from the same database as the POS system
  • • No more entering data into multiple systems
  • • Live profit and loss balance sheet
  • • Complete budgeting and analysis features
  • • Lockable and unlockable financial periods
  • • See previous year’s financial data for year on year comparison
  • • Audit at transaction level
  • • Link to external payroll systems

Performance monitoring

  • • Track and analyse performance by store, individual team member and sales channel
  • • Set targets for stores and staff
  • • Track average value per transaction and average number of units per sale

Further information

Chat to one of our team of business consultants today about how ProfiitPlus can help you through these challenging times and future proof your business. Call us on 1800 061 670 or complete our simple enquiry form and we’ll be in touch.

How inventory tracking software is supporting Brisbane small businesses

How inventory tracking software is supporting Brisbane small businesses

At Foresiight, we’ve been supporting small businesses in Brisbane and throughout Queensland and Australia for over 35 years. We have a rich understanding of how Australian small business operates across a range of industries including hardware, pharmacy, homewares, tools and industrial, irrigation, landscape supplies and many more.

While there are intricacies that are unique to each and every business that we work with (and each industry), there are similarities in the challenges that all businesses face when striving for small business stock control.

Our leading inventory tracking software developed here in Brisbane helps businesses to overcome these challenges and take control of their stock. If you’re a small to medium sized business struggling to manage your inventory, read on.

Why you need inventory tracking software

In the world of small business, accurate reporting and insights into your inventory can make or break your business. Do you understand when is the best time to restock a best-selling product? Or when an item will sell out? Do you know how much it costs your business to store stock items for a given period of time?

If you don’t know how to answer these questions, or where to look to find the information, it is unlikely that you have proper control over your inventory. And you probably already know that this is holding your business back.

Inventory tracking software and small business stock control from Foresiight

Spreadsheets don’t cut it

You’ve probably tried the good old spreadsheet method of managing your stock. If you’ve grown from a small start-up operation, this may have even been successful in the early days. However, spreadsheets were never designed for this purpose and using them in place of inventory tracking software will bring with it many challenges. To name just a few, spreadsheets:

  • are vulnerable to errors and inaccuracy in data
  • take a lot of time to manage
  • don’t talk to other systems in your business
  • don’t update in real time so they are almost always out of date
  • fail to grow with your business
  • can be difficult to analyse and gain insights from

Accounting software is not the answer either

Accounting systems like MYOB, Reckon, and Xero do a wonderful job of manging your accounts and helping to prepare your BAS. But they aren’t designed for managing the stock control needs of a business with a large or complex range of inventory.

5 reasons why inventory tracking software is better

Our Brisbane-developed inventory tracking software overcomes these issues. It’s the obvious choice for small businesses looking for local support in the Brisbane and South-East Queensland area.

1. Inventory tracking software will grow with your business

Unlike clunky spreadsheets, inventory tracking software will future-proof your business by growing with it. As businesses grow their inventory usually gets more diverse and difficult to manage and spreadsheets can’t adapt to this. If you have future plans to expand into new locations or open an online store, your software will grow as your business does.

2. Integrate your whole business

Spreadsheets work in isolation from other systems in your business whereas inventory tracking software integrates these systems and operations. This means saying goodbye to manually entering data into multiple systems, data inaccuracies across systems, and time lapses as systems are updated at varying times.

Instead, data flows automatically from one business operation to another and another and so on. When a product is sold, your point of sale (whether it is physical or online) will update your accounts, your stock reporting and your business performance reporting. All this happens automatically without you even having to think about it.

3. Accurate business insights

To make the right decisions for your business you need accurate data and insights from that data. The problem with spreadsheets is two-fold:

  • Firstly you need the capability to be able to interpret and analyse the data into meaningful insights
  • Secondly, by the time you’ve done this, the data is often out of date

To be successful, you need a deep understanding of your products. Where are your best profit margins? Which stock items pose the greatest financial risk to your business? What geographical and demographical factors play into your sales figures?

With inventory tracking software you’ll understand everything you need to know:

  • get accurate real-time data across all of your sales channels
  • understand the intricate detail of how your products sell across customer groups, locations and seasons
  • find your best products, they may not be your best selling products but the products with the best margins
  • automate your re-ordering based on accurate data

4. Manage things on the go

Access your inventory data from any location, at any time. This has never been more valuable than during these times when businesses are required to work remotely if possible. There’s no longer a requirement to be on site, all you need is an internet connection and all of your business insights are at your fingertips. Perfect for making business decisions on the fly.

Having remote access to your data is vital if you want to expand your business across multiple locations and/or an online store. You’ll need to be able to monitor inventory across multiple stores and online sales channels.

5. It doesn’t cost as much as you think

With plans designed for small business budgets, Foresiight’s leading inventory tracking software ProfiitPlus is more affordable than you might think.

Further information

Based in Brisbane, our inventory tracking software has been helping small to medium sized businesses to grow for over 35 years. If you’d like further info on Foresiight’s leading inventory tracking software or a chat with one of our consultants about small business stock control, call us today or register your details for a call back.

Why small businesses are choosing wholesale inventory software

If you are a small to medium sized wholesale business, starting your research into wholesale inventory software, you may well be wondering if it’s worth the investment. Firstly, the investment is probably less than you’re expecting, if you find the right wholesale inventory software priced for a small business budget. Secondly, you will experience many benefits in the way that your business operates and performs that will increase your profit margins and help to future proof your wholesale business. This means that over time, you will see the return on your investment and more.

Here’s how.

Take control of your business

The right wholesale inventory software won’t just give you control over your stock. It will integrate your financial, logistical and administrative business processes into one single, easy-to-use system, giving you the control you need to successfully manage your business.

Optimise your margins

An integrated solution for finances, logistics and administration is the basis for maximum performance so that as well as having control over all aspects of business operations, you will benefit from optimum margins.

Integrate your ordering

Integrate your ordering and inventory management with your stock automatically processed for its financial value and included on your balance sheet. Giving you accurate, real-time information into your entire supply chain.  

Optimise your stock levels

With the right wholesale inventory software you will gain full control over your stock. You will be able to set minimum and maximum stock levels and order times based on historical  seasonal trends.

e-commerce integration

Online orders are becoming an integral part of business but this can bring with it the burden of maintaining stock information and orders across multiple systems.  Online ordering should increase your revenue and reduce your work load not make things more difficult. The right wholesale inventory software will fully integrate online ordering with your wholesale operations.

Accurate data

Say goodbye to manual data entry and the inaccuracies that come with it. See your business insights in real-time so that business decisions can be made on the fly based on the right information.

Increase your market share

Wholesale inventory software gives you the tools you need for exceptional business performance. With real-time insights into your purchasing and sales figures and the efficiency of your warehouse and all the information you need for accurate and prompt delivery, you will gain a competitive edge in your market place.

Increase customer satisfaction

With all in one business management software you will gain direct access to all your businesses essential information, including your latest figures, inventory positions, cash flow and margins. Empowering you to deliver the services that your customers expect and more.

Manage multiple locations

Manage multiple warehouses and locations from wherever you need to. You’ll no longer need to be in any given location to get a full understanding of what’s going on with your stock with all of your sites integrated into one system.

Further information

Based in Brisbane, our inventory tracking software has been helping smaller wholesale businesses to grow for over 35 years. If you’d like further info on Foresiight’s leading wholesale inventory software or a chat with one of our consultants about small business stock control, call us today on 1800 061 670 or register your details for a call back here.

Small business stock control techniques: Just-in-Time

In the latest in our series of blogs on small business stock control, we take a look at the Just-in-time (JIT) method of inventory management. Is this the right approach for your small business to achieve stock control?

What is JIT?

Just-in-time is a method of small business stock control where parts or raw materials are ordered as and when they are needed in the production process. This method originated with Japanese manufacturers in the 60s and 70s and spread throughout the rest of the world after that.

The pros of JIT

With JIT, you will save money because you do not need to hold “buffer” stock. You simply order the parts or materials as you need them. This means your inventory levels remain low and as a result so do your holding costs.

JIT can work well for small, bespoke manufacturing businesses because you can produce a greater variety of products at any given time. Short production runs are also within reach, you simply order what you need to fulfill orders as they come in.

The cons of JIT

As a method of small business stock control, JIT has its limitations. Producing what you need as you need it means that there can be no errors in your production schedule. For production to run smoothly you need reliable suppliers, a predictable production process and no faults or issues with the parts or materials supplied. Attention to detail is crucial throughout the process. If, for example, an order is delivered short or late, this will throw out your entire production schedule.  

JIT comes with risks and very little room for error.

If you’d like further info on small business stock control with Foresiight’s leading business management software in Australia, ProfiitPlus, call our team today to set up a free demo.

Small business stock control techniques – Economic Order Quantity (EOQ)

In our latest two blog articles we have explored the small business stock control techniques of First in First Out (FIFO) and ABC Analysis. In this blog, we take a look at Economic Order Quantity (EOQ) as a method to manage your inventory.

What is Economic Order Quantity (EOQ)?

In small business stock control, EOQ is the order quantity that minimises the total cost of stock when the cost of stock includes:

  • Holding cost
  • Order costs
  • Shortage costs

EOQ is a technique used to continually review your business management software and the small business stock control measures that you have in place. Inventory levels are monitored and a fixed quantity is ordered every time stock levels reach the specified re-order point.

This stock management technique provides a formula for calculating your optimal re-order quantity to ensure the timely replenishment of stock. With this method you will know how much stock to keep on hand, what quantities to re-order and when to re-order (to minimise the cost of stock).

The cons

This all sounds great but this EOQ technique does have some limitations for small business stock control. EOQ assumes that the demand for a stock item is constant throughout the year and doesn’t acknowledge seasonal fluctuation. For many businesses this is problematic and is usually not suitable for businesses where demand fluctuates significantly throughout the year.

It also assumes instant replenishment of inventory which means it’s not relevant for businesses where stock items are slow-moving and high value.

Businesses who do not have seasonal fluctuation may choose EOQ to find the optimal balance between holding costs and order costs. Ordering a large quantity of stock items all at once will increase your holding costs but making more frequent orders at lower quantities will increase the costs associated with placing an order such as freight and insurance. EOQ is great at solving this problem.

If you’d like further info on small business stock control with Foresiight’s leading business management software in Australia, ProfiitPlus, call our team today to set up a free demo.

Wholesale inventory software techniques – ABC Analysis

How you manage your wholesale inventory software is crucial for small to medium sized businesses for whom stock mismanagement can be costly.

Implementing the right techniques for small business stock control plays a big role in this. Last week we explored the pros and cons of the First in First Out (FIFO) method. In this week’s blog, we take a look at how ABC Analysis works.

What is ABC Analysis?

ABC Analysis is a technique used to manage and categorise different stock items.

Here’s how it works.

ABC Analysis divides your inventory into three categories:

A – stock items with very tight control and accurate record keeping in place

B – stock items with fairly tight control and fairly accurate records in place

C – stock items with the simplest controls possible and minimal record keeping in place

Why use ABC Analysis?

Integrating this technique with your wholesale inventory software is a way to identify the stock items that have a significant impact on your overall inventory cost. ABC Analysis helps wholesale businesses to identify the level of management, control and reporting required by categorising stock according to value.

Not all stock items are of equal value so this method allows that the most valuable items have the strictest controls in place.

An example of this is a mobile phone and accessories wholesale business. Their category A stock items will be the latest model, new to market mobile phone. Category B items will be other models of mobile phone that are not new to market. Category C items will be mobile phone accessories.

Further information

At Foresiight, we’ve been partnering with businesses across Australia for over 30 years to implement our leading wholesale inventory software ProfiitPlus. Find out more about ProfiitPlus and small business stock control.

Why you need retail business management software

Retail business management software will streamline and simplify your retail business. Let’s take a look at the ways that retail business software can help.

Inventory

One of the biggest risks retailers face comes with getting their inventory (or stock) level right and in particular, not buying and storing stock that doesn’t sell. This significantly impacts the bottom line and if retailers get this wrong too many times it can be difficult to recover from.

Retail business management software provides automated stock control to avoid stock overs and profit loss.

Staffing

For bricks and mortar stores, they need to consider not only the purchase and storage of inventory but the staff levels they need to maintain to keep stock moving. The additional expense of paying for staff to move stock that doesn’t sell can significantly impact your bottom line.

Time

Many small retail businesses track stock manually. This is not only inaccurate but massively time consuming which results in more (avoidable) human resource expenses. Retail management software enables automatic tracking so no more spreadsheets and manual data entry which will free up your staff for more important jobs.

Automated ordering

Smart retail business management software will automate your ordering process. It will reorder stock items when they fall below a pre-set level. This can be programed to allow for seasonal fluctuation based on historical sales data.

Forecasting

Your system should enable smart forecasting which means that it will predict what stock you need for a given period based. This is used to inform your automated ordering mentioned above.

Centralisation

Control your entire retail business, whether you have one, two or many locations from one centralised database. This database becomes your source of truth across all points of your business, including multiple teams and multiple locations.

Pricing

The right retail management software will allow you to set your pricing however you need it. You may price stock items differently based on whether they are sold online or in-store. You may vary pricing by store location or by customer type, for example some customers may qualify for discounts on certain products.

POS

Your point of sale devices should talk to your inventory management and vice versa. This means that when you sell a stock item, it will automatically be removed as a stock item in the inventory list.

Speed

Retail business management software that works with barcode scanners for easy processing of sales, returns and stock takes will save so much time.

What’s next?

If you’re researching retail business management software for your business, then give the Foresiight team a call today and ask us about ProfiitPlus. ProfiitPlus has been supporting Australian retailers for over 30 years and counting.

ProfiitPlus works for our clients to:

  • Automate processes
  • Free up human resources
  • Integrate POS, stock and accounts
  • Provide a better customer experience
  • Enable stock control
  • Integrate multiple store locations
  • Integrate bricks and mortar and online stores
  • Increase profitability

If this sounds like what you are looking for, we can provide a free demo of ProfiitPlus and an obligation free chat through your specific needs. Call us today and let’s get started!

Small business stock control basics

We often talk about “small business stock control” and the importance of this to the success of any small to medium sized business that handles stock.

What is “small business stock control”?

There are some basics when it comes to small business stock control and it’s important to have a good understanding of these and how they relate to your specific business.

Types of stock

There are four main categories that stock will fall into. These are:

  • raw materials
  • work in progress
  • finished goods
  • consumables

Timing & quantities

Knowing what stock to buy, how much of each stock type you need without over-stocking or under-stocking and when to buy are all essential factors of small business stock control.

Costs

Taking into account the costs associated with holding your stock is also crucial. Holding stock for longer than your business needs to becomes an expensive exercise that will impact your bottom line. By calculating your turnover rate and performing regular stock takes, you will understand your optimal stock levels.

Some of the costs associated with holding stock include:

  • insurance
  • warehousing
  • shipping
  • financing

Find out more about Foresiight’s leading all in one business management software ProfiitPlus enabling small business stock control for clients throughout Australia.

How retail business management software can help you weather the COVID-19 storm

With the face of Australian retail changing dramatically within a very short period, in response to COVID-19, retailers have needed to adapt quickly to the changing environment in order to survive.

One of the most crucial ways that retailers can do this is with e-commerce. While your physical shop front may be much quieter (or even closed) your online business can thrive.

Foresiight’s leading retail business management software ProfiitPlus will integrate your physical shop front with your e-commerce platform Magento or Neto. This works by:

  • Bringing together multi-channel purchasing, inventory management, order management and fulfilment both online and offline
  • Integrating with leading Australian market places and payment solutions
  • Providing a great and consistent experience for your customers both online and offline
  • Leveraging one platform, and one database from which to manage your retail business
  • Integrating business processes across locations or sites and business departments

Find out more about Foresiight’s leading retail business management software ProfiitPlus, get it touch with our team today and we’ll set up a free demo for your Australian retail business.

All in one business management software: Support through COVID-19

With the global COVID-19 pandemic changing the way that Australian small businesses are allowed to operate, businesses need to adapt quickly to the changing times in order to survive.

One of the ways that businesses can do this is with all in one business management software in place.  Let’s first take a look at how businesses need to adapt to understand how all in one business software can help.

Remote access

With many teams now working from home, having remote access to all of the systems in place at your physical location is vital.

Process flows

Virtual processes keep jobs moving efficiently and effectively. Being able to route documents for review and approval from other team members and parts of the business will keep jobs moving.

Choose your devices

Staff will need to be able to work off whatever device they have access to either a laptop, desktop, tablet or phone. The right all in one business management software will enable users to choose the device that works for them.

Getting the right all in one business management software in place for your small business means that you can operate in real-time, beyond the physical location of your business, your usual business hours and the hardware you use on site. It means that your business is better prepared to face adversities such as the COVID-19 pandemic. It puts you and your team in control.

Find out more about Foresiight’s leading all in one business management software ProfiitPlus.

All in one business management software for effective stock control

If you run a small business that handles any stock, inventory or parts you will understand the challenges faced in achieving effective small business stock control and the complexities involved. Having the right all in one business management software means that all of the hard work is done for you and you can say goodbye to spreadsheets and manual tracking.

Manual processes for managing stock can work in the short-term when a business is first starting up. However, usually once businesses grow they very quickly need a more sophisticated small business stock control solution. Trying to manage with manual processes can actually halt the growth of your business.

That’s where all in one business management software comes in and provides a solution that will enable growth and future proof your business.

Small to medium sized businesses (or SMEs) invest in all in one business management software to fulfil a range of business functions that take control of their stock and their business. These include:

  • Maintaining a balance between over-stock and under-stock
  • Tracking items and stock levels between locations and or/sites
  • Receiving stock items into warehouses
  • Picking, packing and shipping stock items
  • Keeping track of stock levels by item and sales at any given point in time
  • Reducing the risk of stock wastage

At Foresiight, our leading all in one business management software ProfiitPlus, has helped hundreds of Australian small businesses to take control of their stock and grow their business.

ProfiitPlus fully integrates your inventory, accounting and point of sale into an all-in one solution with one database and one easy to use interface.

Find out more about ProfiitPlus.

Software for small business stock control

Software for small business stock control refers to a software system with the functionality to track inventory levels, orders, sales and deliveries. The most effective software for small business stock control is integrated across business units, that is stock control, accounting and point of sale. The result is in an all in one business management software solution.

For any small to medium sized business that handles physical stock (or inventory), efficient stock control is crucial for business success and profitability.  Effective stock control enables businesses to avoid both over-stock and stock outages as well as reducing carrying costs.

So why invest in stock control software? Some of the benefits are listed below:

  • Maintain a balance between having too much and too little stock
  • Track stock as it is transported between sites and locations
  • Receive items into a warehouse or other site
  • Pick, pack and ship stock items
  • Monitor and report on sales and inventory levels
  • Reduce the risk that stock is kept for too long and is damaged or becomes out of date
  • Reduce the number of “missed sales opportunities” because a product is out of stock

At Foresiight, we specialise in all in one business management software to achieve small business stock control with our flagship software ProfiitPlus. Call us today for further information or to request a free demo of our software.

What is all in one business management software?

All in one business management software can be known by a number of terms such as ERP (enterprise resource planning) software or business process software. What exactly is all in one business management software and how can it help grow your business?

What is business management software?

Business management software is a type of software that supports businesses to manage their day to day operations. These include accounting, budgeting, stock management, point of sale, supply chain, compliance, business reporting and analytics and more.

As the name suggests, all in one business management software brings together a range of operations into one system, providing one source of truth and one platform from which to manage everything.

In simple terms, business management software is a tool to integrate teams, people, processes and technologies throughout a business.

The basics of all in one business management software

Business management software systems are designed around one common database. This database is connected across all key business functions and driven by workflows through a business. This integrates (or connects) different departments and teams across your business.

The value of business management software

All in one business management software will help to grow your business and increase your profit margin. Here’s how:

  • Smarter business insights – make informed decisions based on accurate insights
  • Reduced operational costs – run one system only across your entire business
  • More efficiency – no more duplication of processes across multiple systems
  • Reduced head hours / human resources – automation will save on human resource costs
  • Bet business collaboration – integrate teams & departments with one source of truth

Further information

Get further information on Foresiight’s leading business management software ProfiitPlus

Why distributors are choosing wholesale business management software

For wholesale distributors and importers choosing the right wholesale business management software can accelerate the success of their business.

But how does wholesale business management software really help to grow small to medium sized wholesale businesses in Australia?

Save time

With the automation of processes, you can free up the admin time spent on repetitive tasks. You can automate re-ordering with minimum and maximum in place to optimise inventory levels.

Increase visibility

With  real-time view of inventory and operations at your finger tips you will understand warehouse efficiency at anytime, from anywhere. Identify high and low value items to  inform smart business decisions

Gain control

Monitor business performance and identify ways to maximise warehouse profitability and control business operations effectively.

Cashflow

Quickly and efficiently convert orders into payment with streamlined processes for picking, packing and shipping to improve cashflow through your business.

Happy customers

Deliver orders on-time while minimising storage, freight and shipping costs. Increase customer satisfaction by anticipating in-demand stock items throughout your seasonal buying cycle.

Get further information on Foresiight’s leading wholesale business management software ProfiitPlus.

5 ways all in one business management software will help grow your small business

Considering all in one business management software for your small business is the first step in future-proofing your business and ensuring long-term and sustainable growth. Finding the right all in one business management software for your business will not (and should not) happen overnight.

First, you need to identify the problems in your business that all in one business management software can help to overcome. Next, start your research and create a shortlist of software providers that will meet your needs.

Finally, reach out to your short-listed providers to see what each one of them can provide your small business.

There will be common benefits to look for in any all in one business management software. Here are 5 important benefits.

Stock control – small business stock control is essential and finding the right all in one business management software is the first step to achieving this. Having a solution that integrates with your point of sale and accounting will provide accuracy and efficiency over stock management.

Customer satisfaction – taking control of your stock means that you should always have the right stock, in the right place, when a customer needs it. This will significantly improve your customer satisfaction levels and in turn, customer loyalty too.  

Integration of systems & processes – all in one business management software removes the need to run separate management systems throughout a business. Forget entering data into multiple systems. Integration is one of the core strengths of ERP software for Australian small business.

Automation– Because all in one business management software integrates across all of the business units, updates are automated and instant. There are no delays, so businesses gain real-time data insights.

Smart business insights – with better quality, accurate data, available in real-time, you will have the insights you need at your finger-tips to make informed business decisions on the go.

Get further information on Foresiight’s leading business management software ProfiitPlus.

Why is small business stock control so important?

Small business stock control is something that many business owner’s and operators strive for. But why is it so important? Recognising the reasons why is often what drives businesses to take action to achieve small business stock control. Let’s take a look at the reasons why small business stock control is so important and the impact that it will have on the success of your small business.

Quantities – knowing your stock levels, that is what stock is ready to be replenished, when to buy it and how much to buy is crucial for business success.

Tracking – understanding where individual stock items are at any given point in time will mean that you are less likely to run low on desired items. As a result, you will have satisfied and more loyal customers who will return to your business again and again.

Shelf-life – stock items will fluctuate in value, and certain stock items that are perishable or seasonal, can influence how you manage your stock. Knowing this is essential.

Holding costs – to achieve small business stock control you’ll need to take into account the associated costs of holding stock, such as warehousing, insuring and shipping or freight. Work out how much stock you need to hold and don’t hold more than you need to.

Value – understand which stock items make the most gross margin and focus your efforts on the sale of these stock items to increase your profit margins.  

Ordering  – ensure that you know your best-selling stock items and your slow moving stock items to improve your ordering strategy.

All of this and more can be achieved with the right all in one business management software for your small business.

Take control of your stock. Call the Foresiight team today for further info on ProfiitPlus our market leading all in one business management software.

What to look for in business management software Australia

If you’re searching for the right business management software for your Australian small business then you may be wondering where to start. What should you be looking for to ensure that you choose the right business management software Australia?

Industry knowledge

Different business management software providers in Australia will have different industry specialisations. Find a provider that specialises in your industry whether you’re looking for wholesale inventory software, pharmacy management software or hardware store software.

Customisations

Off-the shelf business management software Australia will have limitations when it comes to the specific needs of your business. Understand how these limitations will impact everyday operations before you go with off-the-shelf software. At Foresiight, we take our flagship software ProfiitPlus and tailor it with customisations based on each and every business that we work with.

Hands on support

One of the main reasons that an Australian business will look for an Australian software provider is because we are available when support is required. At Foresiight, we also understand the Australian small business landscape and offer advice and support, tailored to your industry.

Control

The business management software Australia that you choose should enable you to have control and visibility over your business. The software will give you the tools you need to ensure that you have control such as accurate reports in real-time, transparency of stock movement and more.

Call the Foresiight team today for further info on ProfiitPlus our market leading business management software Australia.