in Sage March 5, 2018
Sage 50 is the ideal financial software package for small to medium-sized businesses across all industries and is one of the most popular services that we provide at TMS. It allows users to manage company accounts, sales, payroll and HR from one, easy to use application. But as your business grows and your demands upon the software increase in their complexity Sage 50 will start showing its limitations and could eventually end up hindering your companies growth. Thankfully Sage software offers a next step software solution in the form of Sage 200 which does all that Sage 50 does and more! Here are 5 key reasons why we think that you should upgrade to Sage 200!
1. Flexible Nominal Code Structuring.
Find out in even greater detail how your profits/ costs are distributed throughout your company with Sage 200C's three-tiered nominal structure. This structure will grant your company with the flexibility to analyse and report data stored under each nominal code by departments as well as by its cost centre. For an example of how this could look in your Sage 200 system see the image below which shows how our demo company has split up its Cost of Sales Export Nominal by both Cost Centre and Department. These nominal codes can even be further enhanced by using Alpha-numeric nominal codes for a 4th tier nominal structure if required.
2. Managing Stock over multiple locations
Managing stock across multiple locations in Sage 50 is far more complicated than in Sage 200C. Whilst Sage 50 requires separate codes to be created for the same product if stored at separate locations, Sage 200 only requires one stock code to be used across all locations, providing a complete inventory and warehouse solution that will help your company optimise stock levels, keep costs down and deliver what your customers want from multiple locations with ease.
3. Advanced Multi Stock Capabilities
Storing Stock across multiple locations is only the tip of the iceberg in terms of enhancements that Sage 200C would bring to your business. Take a look at some of the different stock features that you cant get in Sage 50:
- Serial and batch traceability - Sage 200C allows users to use full batch and serial traceability! Stock items can now be managed by its sell by, use by and stock group.
- Units of Measure - Buy and sell in different units of measure through the Stock Control Module. Sage 200C allows you to you can manage a product bought by the pallet, store it by the box, and sell it by the square meter.
- Live stock journals - Stock movements are automatically updated in the nominal ledger providing accurate information for reports. Used in conjuncture with actual cost prices it can prevent the need to process opening and closing stock journals.
- Product Groups - Product Group provide product details across all stock items that are connected to it, allowing the transfer of key information easily across to new products.
4. Improved reporting capabilities
Beyond an enhanced array of reports to choose from Sage 200 also enhances your general reporting capabilities using excel reporting and analysis codes.
- Excel Reporting - Excel reporting allows customers to extract data from Sage 200 and then filter, format, pivot and run a deeper analysis using the familiar format of Excel.
- Analysis codes - Sage 200 allows up to 20 analysis codes to be allocated to each module for additional reporting purposes. Within each of these modules, analysis codes can be applied to all transactions which result in a nominal posting offering yet another level of analysis in addition to those already available such as transaction type, cost centre, or department.
5. Accounting Period Control
Experience control over the financial year like you never had in Sage 50. Sage 200 Online allows users up to 12 Accounting periods each year to help you take control of your finances. Each Accounting Period can be set to either be Open and allow postings within the period, Closed to stop any postings be entered within that time period and even Re-opened allowing you to edit transactions in previously closed periods. Each period length is determined by the user with the decided upon period structures able to be set in advance for future financial years to come.
So there you have it! 5 Reasons why we think your company should take the leap and upgrade to Sage 200C. If you would like to book a consultation with one of our Sage Experts to discuss in more detail the process of upgrading to Sage 200 or are looking for more information please do not hesitate to contact us. Make sure to check back on our website for all information regarding Sage 200C.