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Follow our methodology and we will guarantee the success of your ERP implementation and do it at a fixed price. We are an award winning company with a proven track record. If you want to streamline your business, increase productivity and improve your bottom line then please contact us.

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Posted by & filed under Enterprise Resource Planning (ERP), General, Microsoft Dynamics GP.

Read more on "What Types of Companies Need an ERP System – and Why?" »

If you don’t currently use an ERP system, you might be wondering whether putting one in place might be a good idea for your business. But do you really need one? What kinds of companies can benefit most from having an ERP system, and why?

Businesses in industries ranging from manufacturing to catering use ERPs to their benefit. The truth is that any business can realize a real ROI from the use of an integrated Enterprise Resource Planning system. ERPs streamline the administrative functions and processes of a business, making for higher efficiency and productivity – and less chance of error.

Because of this, any company experiencing rapid growth needs an ERP – the organizing value an ERP brings to the table alone is extremely worthwhile in enabling growing companies to keep close tabs on rapidly changing data, but it’s the fact that an ERP allows these businesses to see that data in real-time and use it in their decision making processes that makes it invaluable.

In much the same way, a business that is struggling can also benefit from the higher visibility and easier overview that an ERP provides into a company’s operations. Areas where savings could be realized, where operations could be streamlined, or where opportunities are being lost are much more easily seen and acted upon with an ERP in place. 

For large, complex businesses, an ERP is simply a must. How else can a company keep track of the massive amounts of data divided among different areas such as accounting, inventory, and CRM? Maintaining multiple siloed systems means that data can’t be shared easily among departments, and that executives can’t see everything at a glance – and of course, such systems cost significantly more as well, both in terms of the systems themselves and the loss of productivity they result in. An ERP is the only solution to a large business’s needs.

Small businesses can also benefit from an ERP system. In a small company, everyone wears multiple hats, and everyone pitches in wherever and whenever the need arises – which is pretty much all the time. So who has time to manage multiple spreadsheets, or handle several different silos of information? An ERP system allows small business owners to spend more time on their actual business, and less time on administrative tasks.

Medium-sized businesses are missing out on vast opportunities for increased productivity and efficiency, as well as much better insight into their company’s workings, if they do not use an ERP system.  In order to get a better handle on their processes and take that next step to become one of the big boys, an ERP system is paramount.

As you can see, an ERP system truly can benefit any size business, in any stage of its development and growth.  We like to say, there are only really two types of businesses – those that need an ERP, and those that just don’t realize they need an ERP. No matter what your business looks like, we at TGO Consulting are here to help. Contact us today for information on the ERP solutions we can offer your company.

Posted by & filed under ERP, Microsoft Dynamics.

Read more on "Love Is All You Need: Retailers Win On Valentine’s Day" »

February 14th is fast approaching. Have you bought what you need for that special someone? If not, there are plenty of opportunities. Stores right now are loaded with everything from heart-shaped boxes to rose petals to balloons, just waiting for the next customer ready to make a romantic gesture.

Recent studies have shown some interesting Valentine’s Day trends for shopping, and retailers will definitely want to take note.

Its true, the number of couples celebrating Cupid’s big holiday has declined in recent years. But in 2014, those who did invest in the holiday spent more per person than they did in the past.

While many businesses are still getting over the rush of the holiday season, the next big day for gifts brings a great opportunity for businesses. An average of $13.9 billion is spent at retail shops on Valentine’s Day alone. The average consumer will drop $116 on this romantic holiday.

What’s more, North American consumers have already spent more on this year’s Valentine’s Day than they did in 2014, and we’re still a week away.

This means that retailers will want to maximize their profits on ‘heart’ day, optimizing the sales of seasonal products by meeting market demand, and still avoid being loaded with pink-colored, heart-patterned items that won’t sell after Valentine’s Day comes to a close.

Thankfully, the businesses that excel at this are those that have solid implementation of their computing programs and business software. Companies that use programs like Microsoft Dynamics to track their sales, inventory, market changes, distributor accounts, and revenue data will own big holidays like Valentine’s. 

Like other gift giving holidays, this is a time where there is an increase in product orders, in customers with particular purchase priorities and in work hours to manage it all. For restaurants and retail businesses, February 14th and the days leading up to it are a time period when efficiency is especially vital.

An advanced ERP system will help you gain greater control over these busy time periods. It adds both simplicity to your daily routine and allows for easy access to the information required to make decision quickly and easily.

When business is booming, you’ll want to have all of your inventory management and sales monitoring operating at optimum performance. This way you can maximize your profits and limit the surplus of products after customers are through making their romantically motivated purchases.

For companies in retail, it makes sense to have all of these facets of their business efforts organized into one easy-to-manage system that helps you understand trends for your business. TGO Consulting offers this plus much more with its canon of ERP services.

Future holidays could pay off big for retailers who maximize the use of ERP system by better monitoring their transactions, from distributors to customers, in order to gain more accurate information to make more strategic decisions.

To learn more about how you can monitor trends and/or have the ability to track your inventory from warehouse to store shelves, contact TGO for more information.

Posted by & filed under Enterprise Resource Planning (ERP), Microsoft Dynamics GP.

Read more on "Microsoft Convergence 2015: Will You Be There?" »

Some business conferences are boring. Some are even a waste of time. Some make you wish you hadn’t spent the money on tickets, travel, and lodging.

This is not one of those conferences.

Microsoft Convergence 2015 is pretty much guaranteed to be worth every penny and every second spent on attending. And not just because of the cool factor of One Republic’s headlining concert, either. (Though we have to admit, we’re kind of excited about that part, too!)

Nope, its worth visiting Atlanta, GA on March 16-19, 2015, because of the inspiring keynote speakers, the insightful sessions, the exciting innovations, and the amazing networking opportunities.

But what we here at TGO Consulting are most excited about is the fact that Convergence 2015 will serve as the backdrop for the very first customer launch of Microsoft Dynamics GP 2015, as well as the very first time Microsoft Dynamics GP 2015 will be on public display.

We’ll be in attendance for the launch, and we’d like to encourage anyone who currently uses Microsoft Dynamics GP, or who is considering its use in their business, to attend, as well.

Why is this the conference you should attend if you can only make it to one this year?

Here’s Microsoft’s description of the event, first:  “As the premier event for the Microsoft Dynamics community, Convergence is where opportunity and innovation meet to deliver real business value. It’s the chance to make key business connections and to discover the full potential of Microsoft Dynamics solutions”

This blurb alone makes the reason for attending clear – “real business value.” How many other conferences can you say the same for?

Your ERP is a vital component of your business. From financial management, supply chain management, human resources and payroll management, business intelligence and reporting, and sales, service and project management, your ERP handles – and improves – it all. You simply can’t afford not to learn from the top influencers that will be presenting at the conference and stay up to date on the latest developments. Your competition will be there, and you need to be, too.

So what sorts of upgrades to Microsoft Dynamics GP 2015 are we expecting to hear about at the conference? Believe it or not, there are over 120 new features that have been added to the product, from enhancements of its core application to improvements to its business intelligence capabilities. Processes have been streamlined, new reports added, intercompany functionalities improved, and much, much more.<

In order to get the most out of your ERP, you just can’t miss conference sessions like Microsoft Dynamics GP product roadmap and strategy, Microsoft Dynamics GP: Month- and year-end closing tips and tricks, and Microsoft Dynamics GP 2015: Upgrading and deploying the fun way.

Or, you can attend sessions that expand on single aspects of your ERP that you may want more insight into, such as Building dashboards with Microsoft Dynamics GP and Microsoft Excel, or Microsoft Dynamics GP 2013 through GP 2015: Human Resources/Payroll.

No matter what it is you want to gain from this conference, there are sessions and programs that will get you there. Register for Microsoft Convergence 2015 today. We’ll see you there!

Posted by & filed under Budgeting and Forecasting, Financial Planning.

Read more on "Business Valuation Through Forecasting" »

Budgeting and forecasting are vital tasks for the running of any business. These necessary functions provide information that guides the decision-making process all year long. One such piece of information is how much a business is currently worth, and how much it is expected to grow over the budget period.

Business valuation can be performed via a method known as the discounted cash flow technique. Using the data from your company’s cash flow forecast, you can do the math that will allow you to see exactly how much your business is worth.  Here’s how it works.

1. Find the forecasted free cash flow.

Make your cash flow projection based on income history, upcoming marketing campaigns, and production plans. Then refine this data by subtracting taxes and projected costs. This gives you your forecasted free cash flow.

2. Calculate your discount rate.

First, determine your weighted average cost of capital by adding the current value of your company’s equity, debt and preferred stock, and then dividing each of these by the total. Then multiply the number you calculated for equity by the cost of that equity, divide your result for debt by the current tax rate, and divide the answer for preferred stock value by the cost of the stock. Add these together to create the discount rate.

3. Determine your company’s terminal value.

Divide your company’s earnings before taxes by the previous value of your business, and then multiply the answer by the combined estimated value for the final year of the forecasted free cash flow projection. Then subtract the weighted average cost of capital from the total, to get the terminal value.

4. Find your company value.

Multiply the free cash flow and the terminal value by the discount rate to determine their discounted values. Those discounted values then give you your company’s cash flow growth and your projected company value, respectively.

5. Calculate your company’s stock value.

Finally, the combined projected value of your common stock can be determined by subtracting the current values of your company’s debt, preferred stock shares, and other liabilities, from your projected company value.

Calculations like these can be time-consuming and error-prone when done without using a dedicated forecasting solution. In order to quickly, easily, and most importantly, accurately determine your company budget, projected free cash flow, and company value, your best bet is to make use of a business budgeting and forecasting product like True Sky.

True Sky reduces the effort required to manage your processes through the use of centralized control, dynamic security models and reusable content. It provides users easy access to data input forms and analytical reporting, and makes the entire process so simple that it allows your organization to switch their focus from data capture to performance management and information analysis, which can be used to move your business forward. For more information about how we here at TGO Consulting can help you streamline your budgeting and forecasting processes, and make valuation of your business simpler, contact us today.

Posted by & filed under Budgeting and Forecasting, Events and Conferences, True Sky.

Read more on "Attending the CPA Ontario’s Conference for Controllers?" »

Join True Sky at the CPA Ontario’s Conference for Controllers!

The CPA Ontario’s Conference for Controllers offers the best for those aspiring to controller positions, and those who are seasoned professionals. The 2015 conference provides a forum to share ideas, explore the latest developments in the industry, and an opportunity to network with peers and colleagues.

Date: March 12-13, 2015

Location: International Plaza Hotel, Toronto

What to Expect at the Conference for Controllers:

  • Presentations on HR fundamentals, how to manage and motivate in the workplace, and more
  • Extensive networking opportunities
  • Gain insight from industry leaders
  • Earn CPD credits

Don’t forget to come visit the True Sky booth!

Let the True Sky Team show you how

  • People are doing their budgeting versus how they should be doing budgeting
  • You can visualize your data with custom dashboards and charts
  • To streamline your budgeting process
  • Companies like yours have transformed their approach to the budgeting process

Unable to attend the Conference?

Register for our Budgeting Best Practices webinar.

 register today for the CPA Conference for Controllers



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