Four ways outdated business software could be hurting your profits

Using solutions like MYOB AccountRight or accounting software like XERO and QuickBooks to manage your wholesale distribution business? There’s a good chance that the limited functionality of these systems is preventing you from getting orders out fast and ultimately impacting your profitability. Here are four ways your outdated business software could be holding your business back.


You're only as fast as your system on the day 

Most business solutions aren’t built to help businesses scale and can slow down dramatically with time. In addition to limited data storage options, accounting software like Xero and QuickBooks also have transaction limits, which can be punishing for growing distribution businesses.

Powered by Microsoft Azure data centres located right here in Australia, Wiise won't slow down no matter what: whether it's processing unlimited transactions every day, managing thousands of inventory items or having your entire team in the system at once.

Our teams innovate every day to ensure that we continue adding new features and capabilities to help businesses keep up with the times. So, switching to a cloud ERP like Wiise early on gives businesses two advantages: it sets up an organisation for long-term growth but also avoids them having to upgrade from a slow, glitchy system in the middle of a high growth period.

Orders take way too long to process

Visualise your current quote to order process—you receive an order, your team have to jump in and out of systems looking for information, then match the transaction before they can even think about processing it. See the impact this is having on the number of orders you end up getting out?

Wiise is kitted out with features right out of the box. With integrated bank feeds, your transactions feed directly into your finance system and reconciling transactions becomes easier. And with finance, sales and inventory in the same system, your team has access to everything they need to process an order at their fingertips. Eliminating the extra steps in your quote to order process can have a significant impact on the number of orders you process in a day—and we don't have to tell you what that can mean for your cash flow.

Managing stock across locations is a no-go

If you use self-hosted accounting software like MYOB AccountRight, you probably rely on a bunch of spreadsheets to keep track of what’s left your warehouses, what shipments are arriving and so on. Getting an at a glance view of stock in multiple locations can’t be easy and a typo in just one of these spreadsheets can have direct and indirect consequences for your bottom line.

You could end up over-ordering stock that just sits on shelves and adds to storage costs. Or you might not order enough and leave customers frustrated or lose their business altogether. Being able to see stock levels updating in real time—including when a sale goes through or when stock is transferred—can help you avoid these costly mistakes.

Cloud ERP systems for small business, like Wiise, not only allow your staff to see exactly how much stock is in every warehouse, but clever forecasting and automated notifications make stock replenishments easy too.

Your sales team is slammed with admin

Managing different parts of your business in separate systems means your data isn’t all in one place. And though it isn’t obvious straightaway, this can impact sales. If your sales team has a customer on the line but need to ring your warehouse team to look for an item, the chances of the order going through reduce with every second the customer is on hold.

For your sales team to work efficiently, they should be able to see in seconds what’s in stock, what special pricing might apply and what customers have ordered in the past, without having to dive in and out of multiple screens to find the information.

With Wiise, your sales team can raise quotes and fulfil orders straight from Outlook. They can easily see if special customer prices or seasonal deals apply, which can go a long way in keeping customers happy. Just one of the many ways cloud ERPs like Wiise can help your sales team spend less time on manual tasks and focus on closing deals.

Wiise is made for wholesale distribution businesses

We reckon we've made the best ERP for wholesale distributors. Our cloud ERP platform, Wiise, is localised for Australian businesses and comes with more out of the box features than most ERPs on the market. We innovate every day to bring to more capabilities to Wiise so you won’t have to worry about changing systems, and just focus on scaling your operations.

Reliability and security is our Number 1 goal

Wiise hosts your business data in Microsoft Azure data centres located right here in Australia. These servers are designed to balance traffic loads for optimal performance and allow for federally compliant database-level disaster recovery. Microsoft’s Azure cloud platform meets ISO/IEC 27018 standards, which is the international code of practice for cloud privacy.

Your data protected by the latest security protocols like multi-factor authentication, but because it is built on a trusted Microsoft platform, Wiise is also supported by Microsoft’s global team of network engineers, security specialists and solution architects.

Put simply, your data security is our top priority.

Flexible, fixed setup packages

Most ERP vendors don’t let you know upfront what an ERP implementation might cost your business. Customers usually end up going down a long road of discovery calls, proposal reviews and conversations about the implementation. This isn’t always bad, particularly if you have complex requirements that need detailed, tailored conversations to understand what a cloud ERP can do for you.

But if you need to get up and running with the basics—set up your financial management or inventory—you should be able to get an indication of the cost fairly quickly. Our fixed setup packages make it easy for you to get a rough estimate of what’s included in the setup, how long it’ll take to implement as well as the cost. Start with inventory and get your stock out of warehouses on day one, or get your finances in order by implementing the finance module first—the choice is yours.

Leave the maintenance to us and save on costs

Typically, when you buy an ERP solution, you’re paying your IT partner for ongoing maintenance of the cloud platform—making sure the APIs are all working, carrying out the latest upgrades, fixing bugs and more. But because we’re a managed service, we do all this work for you and our partners. In other words, we don’t charge you any maintenance fees. It’s on us! We ensure your platform is upgraded, all APIs we’ve built are working, and your system is running optimally. So, what you might pay other ERP vendors, you won’t pay with Wiise. This is how we’re saving Aussie businesses a tonne of cash.

Have we changed your mind about switching to a cloud ERP?

Request a call back today to find out how Wiise can help streamline your distribution business

Get in touch with us today.