Cash flow is the lifeblood of any business. It doesn’t matter if a company has developed a must product or service, if it has some of the industry’s best marketing minds to promote itself or if its leadership teams have previously built businesses from the ground up – the mismanagement of funds can choke off a company’s growth faster and more completely than any other factor.
Closely tied to the issue of cash flow is inventory management. Businesses need to have enough inventory to meet often-fluctuating demand, so constant monitoring and adjustments are invaluable.
If too much cash is tied up in inventory, a business won’t be able to divert finances where they may be put to better use. If inventory levels aren’t high enough, not only will a business be unable to make sales, customers could instead turn to competitors to meet their demand. When that proper balance isn’t achieved, cash flow problems and inventory mismanagement undermine growth.
For more than 15 years, Accent Software has helped small and medium-sized businesses correct their inventory problems, whether that means enhancing analysis and reporting mechanisms or improving tracking.
As a seller and servicer of leading business management software solution Microsoft Dynamics NAV, our Indiana-based company has built a respected reputation around our ability to design and implement industry-specific, customizable solutions and adapt rapidly to the needs of our clients. The Microsoft Partner Network acknowledges our presence as a leader in applying business management software to fit the needs of companies.
With the support of Accent Software, Microsoft Dynamics NAV enables your people to be effective and your business to be competitive.
Common pain points regarding inventory management
Inventory surplus: When the volume of your inventory exceeds customer demand, your resources are tied up in assets that are not paying you immediate dividends. Even if you’re able to sell off your inventory down the road (and even that could be at a discounted rate), the damage to your customer base – those who didn’t receive a product they expected – could already be done.
Inventory variance: Even if you keep careful track of your inventory, there’s always a chance that your records do not align with actual volume. Most businesses are proactive about tracking this “inventory variance” and taking steps to close the gap between actual and reported figures. Because inventory is in a constant state of flux, it’s difficult to eliminate this gap entirely.
What is possible with inventory management solutions from Accent Software?
What sets Accent Software apart from other small business inventory management software providers is that we have created industry-specific add-ons to the Microsoft Dynamics NAV software that increase functionality for businesses. Accent Software began as a development-oriented company, so our staff is well-equipped to construct customized solutions for our clients.
Efficient inventory management is possible through Microsoft Dynamics NAV. Here’s just some of the functionality that is possible through business management software solutions provided by Accent Software:
- Unlimited Items
- Unlimited Item Categories
- Inventory by Warehouse by Bin
- Safety stock levels and alerts
- Item Pricing Codes
- Ability to print Bar Codes
- Multiple Units of Measure
- Service Items
- Purchase & Sales History
- Inventory Transfers
- Inventory Adjustments
- Inventory Assemblies
- Consignment Warehouses
- Inventory Serial and Lot Numbers
- Tracks all costing methods simultaneously
- Serial & Lot Number Tracking
- Job Costing Integration
- Language Translations
- Stocking Levels per Location
- Supports FIFO, LIFO, Average, Standard, and Specific Cost.
As a full-service business software consulting company, Accent Software guides companies through every phase of the adoption process, from evaluation and design up through development and implementation. Accent Software serves small and medium-sized businesses primarily in the Indiana, Ohio and Kentucky region.