Every business owner understands the importance of maximising their return on investment, and many are turning to financial software like Sage to streamline processes, improve decision-making and ultimately boost ROI. Sage have a comprehensive offering that allows businesses to manage their accounts, payroll, inventory and more. However, there is no use in having such empowering software if you don’t know how to make the most of it. In this blog, we are going to explore some actionable strategies that businesses can implement to maximise ROI from Sage.
Choose The Right Sage Solution
There are lots of software solutions tailored to different business needs, including:
- Sage 50: for small-medium size businesses managing their accounts
- Sage 200: for growing businesses who require additional facilities to Sage 50, like project tracking and stock control
- Sage Payroll: for simplifying and automating payment processes
Choosing the right Sage solution is fundamental for achieving a return on investment. By taking the time to consider your organisation’s size, operational complexity and future goals, you can select the right software for your business. If you are unsure as to which Sage product suits your requirements, contact our expert team who can help save you time and money.
Integrations For Seamless Operations
No two businesses are the same, and Sage recognises this by offering a wide range of options that you can tailor to your business. You can adjust the software to align with your workflows and even set up your own reporting dashboards so you can monitor the metrics which are important to you.
Integration is a great way to boost your ROI with Sage, by ensuring it communicates effectively with other software in your business. Sage links with CRM systems, e-commerce platforms and more, helping to reduce data entry and improve efficiency. Partnering with a Sage support provider like Reality Solutions can help you identify and implement customisation that will help your business grow.
Invest in Training
One of the biggest barriers to realising the full potential of Sage software is the lack of user understanding. It is key to ensure staff are trained properly so they can navigate the software confidently, utilising all the features Sage has to offer. Sage training sessions should focus on the basics like data entry and reporting, how to use advanced functionalities, and the importance of keeping Sage software updated.
Leverage Automation
Automation is one of Sage’s best features, and it can save your business an awful lot of time and resources. Here are a few of our favourite tools:
- Automated reports: you can create customised financial reports automatically, helping save time and reducing errors.
- Recurring invoices: you can automate billing for any of your customers, reducing the time spent on administrative tasks.
- Payroll automation: you can streamline employee payments, ensuring you are staying compliant with tax regulations.
Monitor Performance With Real-Time Insights
Sage software is great at providing real-time data which can help with making more informed business decisions. It has powerful reporting tools to track KPIs such as profit margins, cash flow, inventory turnover and employee performance.
By taking the time to monitor the performance of your business on a regular basis, you can identify trends and areas for improvement before they become issues.
Stay Updated With Sage Innovations
Sage are continually improving their offering by releasing new products and features, as well as enhancing existing functionalities. To maximise your ROI, staying updated with these changes is key, allowing your business to remain competitive.
Prioritise Security and Compliance
With cybersecurity threats increasingly on the rise, prioritising data security and compliance is crucial. Sage offers robust features like data encryption and GDPR compliance tools so you don’t have to worry about the finer details. Business owners do need to implement the following best practices:
- Regularly updating software to patch vulnerabilities
- Enabling multi-factor authentication across the business
- Training staff to both avoid and identify phishing attacks
A secure system not only protects sensitive information within a business, but also builds trust with customers and stakeholders, indirectly leading to an improved ROI.
Collaborating With a Trusted Partner
Even with a powerful tool like Sage in your business, maximising ROI often requires a certain level of expertise. A Sage support partner like Reality Solutions can help with setup, maintenance and troubleshooting the software to ensure operations continue running smoothly.
With our expertise, we can help your business to use Sage to its full potential, helping to improve the ROI in your business. For more information on how Reality Solutions can help support your Sage journey, get in touch with our experts today.
*This article contains general information in order to assist all of our customers and is meant for guidance only – there are no guarantees that the information we provide will be suitable for your particular needs. If you require specific assistance, we recommend that you seek professional guidance on your individual circumstances. Reality Solutions are in no way responsible for any loss or damage arising from any information contained within our articles.
