IQMS Blog for Manufacturing ERP Expertise

Finding the ERP Solution that Satisfies Your Accounting Department

Posted by Nicole Smith on Thu, Aug 20, 2015 @ 08:17 AM

The creation of the modern ERP system began in the 1960s. Most manufacturing systems were developed to assist accounting departments, with general ledger and accounts payable/ receivable functionality at the core. Over time, the systems evolved to include MRP and inventory control because understanding where and how you spent your money allowed for better cost control. Eventually, more shop functionality was added until the ERP software evolved into the version we know today, with less emphasis on the original financial foundation.

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Tags: Financial Management

Why Should You Leave Quickbooks and Invest in Your First ERP?

Posted by John Lutz on Thu, Jul 23, 2015 @ 08:25 AM

Leaving behind the familiarity of QuickBooks and Excel spreadsheets might seem like taking off the training wheels of your business. However rudimentary, the two systems got the job done and for the most part, grew your company to where it is today. But there comes a time in every manufacturer's life when they realize that cobbled together spreadsheets, scheduling whiteboards and a QuickBooks program are not enough.

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Tags: Financial Management

Using ERP Software to Ease Your Financial Reporting Headaches

Posted by IQMS Manufacturing ERP Software on Thu, Apr 09, 2015 @ 11:31 AM

ERP software is a multifaceted product that can house a vast amount of information and give manufacturers the opportunity to make better informed decisions for their companies. However, one of the challenges many manufacturers face on what seems to be a daily basis is making sense of all the data that is in their systems.

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Tags: Financial Management

How Can IQMS Make the ERP Software Work Harder For You?

Posted by IQMS Manufacturing ERP Software on Thu, Nov 06, 2014 @ 12:49 PM

I recently had the privilege of being a presenter at our 2014 User Group conference this past October. As I sat in the Grand Ballroom on Day 1, listening to our IQMS directors present their departments' achievements, I was impressed. However, once I heard the stories from our IQMS Manufacturing Success Award finalists, I was in awe. I was blown away by the humility and the ingenuity that our customers shared with all of us, and I felt very proud to serve our customer base.

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Tags: IQMS, EnterpriseIQ, User Group, Financial Management

Profiles in Manufacturing Excellence: A Useful Roadmap to Success

Posted by Nicole Smith on Thu, Jun 05, 2014 @ 09:32 AM

Tonight, manufacturing leaders from around the nation will gather for the 2014 Manufacturing Leadership Summit Awards Gala at The Breakers in Palm Beach, Florida to recognize and celebrate the brightest, most innovative manufacturers in the nation. IQMS will be in attendance to support four of our customers who are being recognized with Manufacturing Leadership Awards in categories that range from Engineering & Production Technology to Operational Leadership to Sustainability. These awards are bestowed by the Manufacturing Leadership Council, a unit of Frost & Sullivan.

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Tags: IQMS, EnterpriseIQ, IQMS News, Automotive ERP, Plastics ERP, White Paper, Implementation, Financial Management

5 Tips to Successfully Implement Standard Costing

Posted by IQMS Manufacturing ERP Software on Thu, May 22, 2014 @ 09:22 AM

You may feel that it is time to make use of your ERP software's automation to quicken the pace of closing out your books at month-end and to maintain your perpetual inventory value. Regardless of whether you pursue standard or actual costing in your manufacturing plant, there is no doubt that implementing costing is critical to understanding where your money is being made and lost on the shop floor. 

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Tags: manufacturing ERP software, EnterpriseIQ, Training, Implementation, Financial Management

Actual Versus Standard Costing: Which is Better For Your Plant?

Posted by Tina Jolicoeur on Thu, May 01, 2014 @ 09:43 AM

At the end of the day, as the truck carrying your freshly manufactured goods pulls away from the dock, you wonder what sort of profit your hard work and quality products delivered. Unfortunately, the costs of running a manufacturing business are not completely straightforward. When you factor in material expenses, overheard such as rent and utilities and employee wages, how do you determine whether you are losing money or making money on each product that you manufacture?

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Tags: manufacturing ERP software, EnterpriseIQ, Inventory Control, Supply Chain, Shop Floor Control, Financial Management

Poly-Cast Conquers Financial Management in China with IQMS

Posted by IQMS Manufacturing ERP Software on Tue, Apr 22, 2014 @ 09:00 AM

When Poly-Cast Plastics (Suzhou) Co., Ltd. first established its facility in China, it outsourced its financials to a Chinese CPA. But the sub-contracted CPA was only managing the People's Republic of China (PRC) tax law side and not providing any data to Poly-Cast to help it make better business decisions.

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Tags: manufacturing ERP software, IQMS, EnterpriseIQ, Implementation, Financial Management

Retrofit or Replace: Sturgis Discards Multiple Vendors for IQMS

Posted by IQMS Manufacturing ERP Software on Thu, Jan 23, 2014 @ 09:18 AM

Sturgis Molded Products Company (SMP) had two choices: replace or retrofit its dated, multi-system ERP software. After weighing the costs to retrofit the old ERP system and acknowledging the number of third-party vendors it would take to fulfill the company's growing business needs, SMP decided to replace its legacy software with a comprehensive, single-source solution from IQMS. The latest IQMS infographic highlights real operational efficiencies that were gained from EnterpriseIQ that directly benefited SMP's bottom line:

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Tags: manufacturing ERP software, IQMS, EnterpriseIQ, ERP Selection, Financial Management

Planning for Manufacturing Fiscal Year End Closes

Posted by Shannon Holloway on Thu, Jan 03, 2013 @ 08:36 AM

Happy New Year! January is a time for new beginnings, resolutions and tax reporting! While the first two sound much more fun than the latter, with a little planning, preparing government reporting files for the previous year can go off without a hitch and be a positive experience too.

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Tags: manufacturing ERP software, IQMS, EnterpriseIQ, Reporting, Financial Management