Name: Controlling Costs & Protecting Profits | OrderWise
Uploaded: 2022-11-29T13:15:38.000Z
Duration: 1 min 25 s
Description: Controlling Costs & Protecting Profits | OrderWise

Customer Training

Help Desk

Web and Video Conferencing

Customer Support

Batch Management Software

Functional Testing

Development

Business Intelligence (BI)

Collaboration

Data Extraction

Dropshipping

Emissions Management

Intellectual Property (IP) Management

Privacy Policy Generators

Statistical Analysis

Workflow

Enterprise

Accounting

Accounts Payable

Crypto Tax

Online Trading

Subscription Management

Treasury Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Compliance

HR Management

Payroll

Relocation

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

AI Agent Builder

AI Governance

Authorization

Cloud Storage

Custom Software Development Services

Data Center Virtualization

DevSecOps

Fraud Detection

Infrastructure-as-Code (IaC)

Integration Platform as a Service (iPaaS)

Managed Public Cloud Infrastructure

Network Performance Monitoring

Secure Email Gateway

Sensitive Data Discovery

Session Border Controllers

System Monitoring

Time Series Databases

Tower Servers

Web Portal

Information Technology

A/B Testing

AI Image Generation

Ad Serving & Retargeting

All-in-One Marketing

Audience Engagement

Content Management

Email Marketing

Market Intelligence

Marketing Automation

Social Media Advertising

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Professional Services

Customer Relationship Management (CRM)

Lead Generation

Lead-to-Account Matching and Routing

Sales Enablement

Sales

Cloud Infrastructure Entitlement Management

Secure Service Edge (SSE)

Security

Architecture

Banking

Digital Forensics

Financial Services CRM

Internet of Medical Things

Vertical-Specific

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OrderWise is a ERP solution that provides wholesalers, distributors, retailers and manufacturers with a platform for growth. Stock-focused businesses throughout the UK can use to bring their teams, data and technology together to automate order management, stock management, warehouse management, ecommerce, point of sale, business intelligence, transport management, and financials.

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Microsoft Dynamics 365 is a CRM providing sales, marketing, and service functionality. It is offered as SaaS and on-premise. Dynamics 365 is part of the larger Dynamics suite of business intelligence and ERP products.

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Enterprise Resource Planning (ERP) helps to integrate and manage an organization's core business processes. It is a software system acting as a central nervous system, connecting functions like finance, human resources, supply chain, and manufacturing into a single, unified platform. ERP systems provide a single source of truth, automating workflows and offering real-time data to improve efficiency and decision-making across the enterprise. Compare ERP tools based on verified user reviews and find the best fit for your business needs.

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OrderWise End-To-End Solution

Are you looking for one single platform that you can use to manage all of your daily operations?

See how OrderWise, a comprehensive all-in-one business management software, can bring together your supply chain, order processing, stock management, distribution processes and accounts into a single application held on a single database. Designed to be used by a wide range of businesses regardless of size, industry or sector, our modular structure means OrderWise can easily be scaled to meet the specific requirements of your business now and as you grow. https://www.orderwise.co.uk/solutions/erp-software/

Controlling Costs & Protecting Profits | OrderWise

Hear from @samturnersons3180 , @officialobaby and @Thewrightbuy-Uk-the-wright-buy about how @Orderwise has helped them rise to challenge of controlling costs and protecting their profits, allowing them to thrive!

*For more tips on staying resilient in 2023, visit our Controlling Costs and Protecting Profits resource page: https://pages.orderwise.co.uk/protecting-profits-in-2023*

#erp #wms #stockmanagement #businessgrowth #inventorymanagement #cashflow 

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* About OrderWise *

OrderWise is an integrated, stock-centric ERP solution with warehouse management, ecommerce, financials and business intelligence capabilities built in. OrderWise automates and simplifies business operations including all of your stock related activities: ordering, selling, picking, packing and shipping.

Unlike traditional finance or ecommerce based solutions, the OrderWise ERP & WMS package easily handles the specialisations, variances and nuances of high-volume stock operations.

OrderWise helps connect processes, optimise workflows and better manage stock related journeys from order to revenue. It includes deep functionality proven as a single source of truth for organisations with complex stock requirements.

🌐 Find out more about OrderWise on our website: https://orderwise.co.uk/
✅ Follow our YouTube Channel for all of the latest updates: https://www.youtube.com/channel/UCI5JjUkLV33RHYaicfi-UZw
💬 Comment below if you have any questions

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* Get in Touch *
New Enquiries: enquiries@orderwise.co.uk
Existing Customers: customerenquiries@orderwise.co.uk

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* Transcript*

Being in the retail world, the margins are ever decreasing. So you can really only increase your margin by increasing your productivity. Since we've had OrderWise, we're now able to get sales and revenue and profit performance on a daily, weekly, monthly, quarterly or annual basis quickly.

We're not the sort of company who would get rid of staff. We've been able to redistribute staff. So I think from a wages point of view, that's the biggest cost to the business, so to reduce that cost we’ll use those staff more efficiently to increase profit margins.

The growth Obaby in the last 12 months has been phenomenal. Our outbound orders have grown 30% year on year. We were processing 800 a week previously. Now we're over a thousand orders a week consistently.

OrderWise can do a lot of the heavy lifting that previously would have either been done by staff members or would have been done by quite expensive third party subscriptions.

OrderWise has obviously saved us a lot of money. We were spending £20,000 on a person to sit there all day and manually book on all of our jobs to go with a courier. So straight away we were able to save a salary and so many hours during the day.

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* Contact Details *

New Enquiries: enquiries@orderwise.co.uk
Existing Customers: customerenquiries@orderwise.co.uk

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

Accounts payable

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

Accounts receivable

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Journals and Reconciliations

Automate and synchronize ledgers and processes

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Standardized Processes

Centralize financial management to facilitate standardized financial processes

Subledger and Financial Process

Revenue management solution including capabilities for subledgers and financial processes

Billing Management

Access role-based billing work area, perform discrete and recurring billing

Cash and Asset Management

Manage liquidity and cash requirements, asset transfers, disposals, reclassifications, and financial adjustments

Travel & Expense Management

Enter expenses from mobile devices, integrate credit card and travel booking, configure policy enforcement

Budgetary Control & Encumbrance Accounting

Control spending at any budget level or time interval

Period Close

Sustain fast close with integrated subledgers, intuitive dashboards, embedded collaboration

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Benefit plan administration

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Direct deposit files

Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

Dashboards

Users can create, customize and share dashboards, which provide an overview of the most important metrics.

Standard reports

The software offers pre-built reports with metrics standard to the category.

Custom reports

Customization

This addresses a company’s ability to configure the software to fit its specific use case and workflow.

API for custom integration

An API (application programming interface) provides a standard programming interface for connecting third-party systems to the software for data creation, access, updating and/or deletion.

Plug-ins

A number of third-party plug-ins are available to expand the core functionality of the software.

This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.

Role-based user permissions

Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.

Single sign-on capability

The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.

Multi-factor authentication

User-level audit trail

Grants Management

Grants management solution for higher education, public sector, or non-profits with capabilities for managing financial awards for program and project funding

Award Lifecycle Management

Manage the life of program funding awards from initial funding to close-out

Project Financial Management

Project financial management solution including capabilities for project budgeting, cost control, billing and contract management.

Orderwise

Overview

What is Orderwise?