Sage Accpac ERP solution for Retail Industry: Apparel, Shoes & Accessories.

Greytrix Consulting, end to end solution provider of Sage Accpac ERP and Sage CRM solutions offer complete business solution for Retail Industry dealing with apparel, shoes and accessories. Greytrix offers Sage Accpac ERP for apparel and shoes industry powered by GreyMatrix for grid inventory maintenance and Tally Shopper as the POS for retail stores.

SME Apparel and Shoes Retail vertical is one of the most difficult to manage in terms of software implementation because of disparate and non integrated software's for front end POS, back end accounting and inventory management systems/warehouse management.

Sage Accpac Suite for Apparel Companies is comprehensive suite of seamlessly integrated applications including Sage Accpac ERP, GreyMatrix, Business Intelligence and Retail Point of Sales. Sage Accpac Suite helps the garment and shoe merchants to obtain a 360 view of their inventory, operations and finance and provide detailed retail analytics and business Intelligence capabilities.

Sage Accpac Suite is powered by GreyMatrix, A Grid inventory system that offers the Apparel Distributors a user friendly interface to maintain, transact and analyze their large inventory distributed by style, color and size.
Read More about Sage Accpac Suite for Apparel Companies have unique useful Features

Greytrix has also enabled Sage Accpac ERP integration with Tally shopper POS which gives the apparel industry the makeover they craved for. Greytrix develops the link between Tally shopper POS and Sage Accpac ERP which provides a seamless integration between front office activities and back office data bank.
Read more about Tally Shopper Integration with Sage Accpac ERP

The various other features incorporated in Sage Accpac ERP for apparel industries are:

Business Intelligence and Analytics: Sage Accpac Suite for Apparel companies comes with inbuilt Reports for BI & retail analytics.
Advance reporting: Sage Accpac Suite for Apparel companies allows you to generate MIS Reports based on Style, Size and Color with images for analysis.
Customer Loyalty: Sage Accpac Suite for Apparel companies is powered by world class Customer Relationship management software to enhance your customer experience and improve customer loyalty
Advanced integration: Sage Accpac Suite for Apparel companies is based on open architecture and allows integration of external applications giving you greater control and flexibility.

To know more about the features of Sage Accpac ERP for retail industry and get a free consultation session on how your retail shops can give you increased profits and happy customers, visit us at www.greytrix.in or contact us at sales@greytrix.com

Trading and Manufacturing Excise for ERP (Sage Accpac ERP)

Sage is a leading supplier of business management software and services to 6.1 million customers worldwide. From small start-ups to larger organizations we make it easier for companies to manage their business process. Whether your growth plans include buying and selling in the global marketplace, adding more talent to your team, or expanding your services, Sage Accpac ERP, part of the Sage Accpac Integrated Suite, have the tools and the flexibility to successfully accelerate your business expansion. Supporting different languages and multicurrency transactions, our network of partners in more than 150 countries allows you to confidently conduct business with suppliers and customers anywhere in the world.

Greytrix is an internationally renowned partner of Sage Software with more than 500+ clients worldwide. Greytrix specializes in providing business solutions to SME organizations implementing Sage Accpac ERP and Sage CRM software. Greytrix is an organization recognized globally and well known for its development capabilities in the form of customization and modification abilities, providing data migration and integration solutions as well as other extended solution offered for the ERP/CRM system. With a strong development background Greytrix has developed the Excise module for Sage Accpac ERP, a flagship product of Sage Software. Understanding the complexities of the Indian Taxation system and the need of capturing those essentially into Sage Accpac ERP, Greytrix stepped in with its 100 man years of experience on Sage Products to develop an excise module tackling both manufacturing as well as trading excise transactions.

Out of the unlimited taxes levied upon various industries, Excise duty is one more tax applicable on all the goods produced or manufactured here in India. Hence we have Excise duty applicable for traders as well as manufacturers. Every person who manufactures, produces, carries on trade, holds warehouses for excisable goods shall have to obtain registration under the excise laws. No excisable goods may be removed from the factory or a warehouse except under an invoice signed by the owner of the factory or his authorized agent.

Every assessee has to submit to the superintendent of Central Excise a monthly return in the specified form. For specified situations such as manufacture of goods exempt under a notification, a prescribed declaration and/ or a financial statement needs to be filed. Credit of service tax paid on input services, by a manufacturer of goods, is now available, in addition to the credit that was available in respect of inputs/ capital goods.

In India, the revenue from the Excise Tax is the biggest single financial source. The main objective of the central Government is to achieve different socio-economic policies by making suitable adjustments regarding the scope, nature, and quantum of levy of the Central Excise Tax. Such schemes of the Excise Tax taken by the central government modifies and serves various purposes of price control, adequate supply of essential commodities, promotion of small scale industries and industrial growth.

There are three different types of Central Excise Tax applicable mainly the Basic Excise Duty, Additional Duty of Excise and Special Excise Duty which fall under various Sections of the law. Various trade commodities are issued it these taxes depending on the predetermined government format. Also we have an excise tax that is levied on the service industry. Formerly called the Central Excise Duty, this tax is now known as the Central Value Added Tax (CENVAT). Manufacturers may offset duty paid on materials used in the manufacturing process by using that duty as a credit against excise tax through a process known as Central Value Added Tax Credit (CENVAT Credit). The offsetting process was formerly known as Modified Value Added Tax (MODVAT).

Greytrix Manufacturing Excise Module and Greytrix Trading Excise module for Sage Accpac ERP available for versions 5.4 and 5.5 incorporates these complex tax structures in synch with your finance, inventory and sales distribution.
Greytrix Statutory & Excise module for Trading and Manufacturing offers maintenance of
· Standard registration and statutory information like PAN, ECC, CE, Reg No., VAT, Central Sales Tax No., RG32 Numbering methods
· Excisable and Non Excisable Locations/Warehouses
· 20+ Excise specific Customer
· Information like CE Commiserate, CE Registration Number, ECC,PAN
· 30+ Vendor Information like CE details, Division Details, PAN details, Range Details
· 20+ Item Details for Excisable Items like Tariff Class, Price, Item Type

Along with government aspired reports like Excise Purchase Bill Register, Excise form 2 Part 1 & 2, Excise Stock Register, RG 23 A & C Part 1 & 2, Stock List, Stock Registers and many more. Read more about the features of Trading Excise Module.

Excise Taxes reporting in a trading organization is one of the most crucial and time consuming tasks and a nightmare for the accountants and management. Small and Medium businesses spend days and months in manual data management and collection for reporting to Excise Tax authority and still end up having problems and issues at the final reconciliation.

Statutory and Excise Module for Sage Accpac ERP provides small and medium trading enterprises a seamless way to input information, furnish returns and maintain mandatory registers as required by Indian Tax authorities while making sure that the workflow, inventory valuation, financial reporting and operational modules data integrity is maintained in Sage Accpac ERP provided by Greytrix.

Manufacturing made easy with Autosimply.

One of the major area where every manufacturing concern focus is on production optimization because almost 70 to 80% of cost in COGS is incurred during production. Industry is working on this subject since few decades, as a result we could see many theories and principles being evolved and practiced. But still there is a something missing, every time you achieve a targeted perfection we can gage a small percentage of error. Reason for such error may be external or internal factors, some are within our control and some are beyond our control.

Now let’s think of something which is within our control, internal operation. Planning, scheduling, executing and reviewing internal operation is very much necessary to narrow down the variances between standards and actual. Advance planning is the general trend in manufacturing. But today, manufacturers prefer demand based manufacturing to reduce business risk.

“Demand driven approach to production gives 92% perfect order against 81% of those who do not” - AMR Research

Demand based manufacturing is a complex process because while planning in such scenarios
management has to consider many factors other than Man, Material and Money. Such complexity can be handled by using a comprehensive solution like Sage Auto-Simply, which is
exclusively developed with an objective to handle complex calculations and probabilities while forecasting and planning. Greytrix, in its implementation practices had always leveraged the
power of simplicity in Auto Simply and over a period of time this had delivered tremendous result to their clients.

We could see that most of them had:
• Reduced their inventory by 15%.
• Improved their POP (Perfect Order Performance) by 17%.
• Reduced CtC (Cash to Cash) cycle by 35%.

This had helped them to reduce working capital, increase capital utilization, inventory
optimization and mainly maintained a flexibility to change over between SKUs as per trend. Auto-simply modules like Production Planning & Manufacturing Order can help you to get summarized Availability Report, Order Projection Report, Production Schedules, ability to check on implication of changing scenarios on profitability, CoP (Cost of Production) & COGS (Cost Of Goods Sold).

In long run a manufacturer can expect business benefits like, Increased Customer
Service with on time delivery, optimal Capacity Utilization, Reduced Wastage,
Reduced Transportation & Warehousing Cost if opts for automation of the end to end production process.

Inventory Optimization with Sage Accpac ERP.

Inventory contributes to be your biggest cost center and revenue centre, your business wouldn’t work without the right kind of Inventory be it Raw Material, Finished goods or WIP. Today efficient Supply Chain management contributes to a lot of cost saving and reducing the inventory cost of a company. The complexities in terms of SCM have increased considerably, the reasons of the increase in this complexity is the wide spread nature of business, the increase in competition which has lead to the import and export of raw material from various countries, lead time associated with this trade, the quality and the diminishing margin are some other reasons. The buyer today is informed and for companies to strive in this competitive market it is very essential for them to have the inventory maintained to the most optimal level. The companies today want to maintain Just In Time (JIT ) inventory so that they avoid the risks associated with stocking inventory. But sometimes some wrong calculations or oversight of information or missing information can cause the JIT to fail completely and thus result in the loss of a customer and thus valuable business.

It is very necessary for business owners to have the exact idea of their Inventory Pipeline and utilize this information to the best to achieve Inventory Optimization. This optimization will only be achieved if the Business owners have a 360 degree view of their business , they ought to know the current orders , the order pipeline, the lead time to delivery , the expected delays, the priorities of orders , sales vs purchases , and more vital information like this. This can only be achieved if the business owners are well informed and have the correct information , they are supplied with the right information on a daily basis.

How do you achieve this??

It is often said that most of the decisions in a business go wrong not because of a bad judgement but due to the information supplied to pass that judgement . Business owners with their level of experience do not take the wrong decisions, the decisions are wrong because the information which is supplied to them is sometimes wrong or not as per standards. In today’s competitive environment where the margins are diminishing and the costs are going up it has become all the more crucial to manage the business with an eagle’s eye.
Your business can be efficiently managed with a Business solution that will support and take care of all the activities carried out in your business. You need a solution that will give you the right information at the right time. Sage ACCAPC ERP coupled with BI Alchemex is the right solution for your business. The combo offers you a complete 360degree view of your business and helps you plan your inventory better.


The benefits are as below:
• History of Sales Orders-Customer wise / Item wise
• Purchase Analysis
• Sales Analysis
• Item Analysis
• Reports on Fast Moving Items, High Revenue items etc
• Location wise inventory reporting
• Purchase orders based on Purchase Requisitions/ Sales Orders / Reorder Level
• Setting up reorder level
• Set up Multiple Price lists (Customer wise/ Item wise)
• Reports as you desire.


Let us help you choose the right solution contact us at sales@greytrix.com or call us at 022-67687847.

Sage Accpac with a New Face- Sage Accpac ERP Version 5.6

The new financial year is here and so is the new and improved Sage Accpac ERP now in Version 5.6.

Sage software gives its flagship product, Sage Accpac ERP, an enhanced and optimized new visage based on the feedbacks and wish lists provided by the Sage clientele.
Sage ACCPAC ERP 5.6 V includes more efficient installation and activation processes and major enhancements throughout the entire suite of programs.

A dramatic change in the installation process of Accpac modules, one click and a single process carries out installation of all modules saving a lot of time. A fresh new license administration and registration activity which lets the user view and enter licensing info for the sage Accpac erp programs, including number of users authorized under each Lanpak license.

The Security Groups form in Administrative Services provides the following new security authorizations to support changes in Bank Services 5.6:
• Reverse Bank Entries
• Post Bank Entries
• Transaction History Inquiry
• Print Deposit Register
• Clear History
• Setup Maintenance

Sage Accpac 5.6 features a free embedded version of Sage Accpac Intelligence, which is a business intelligence (BI) solution for small and medium businesses. Sage Accpac Intelligence integrates seamlessly with Sage Accpac ERP right out of the box; most BI solutions require a lengthy set-up process that can cost thousands of dollars in service fees.

Thanks to Sage Accpac Intelligence, previously disconnected financial and operational information is now available in pre-formatted reports to help company management make informed decisions even faster. Sage Accpac Intelligence includes the following components:

• Report Viewer (provides basic editing functions that let you filter data, change parameters, and drill down from existing reports and templates).
• Report Manager (lets you use Sage Accpac data containers to create and edit reports, and set security and permissions for the reports).
• Connector (lets you connect to unlimited ODBC data sources, such as CRM or additional ERP companies).
• Analysis (lets you create OLAP cubes for rapid analysis of your Sage Accpac data in Microsoft Excel).

As a launch pack, Sage enables 30-day licenses for Sage Accpac Intelligence. One Report Manager License for one user is free with Sage Accpac ERP. However, you must have a permanent license to use the Analysis and Connector programs.

In version 5.6, Serialized Inventory and Lot Tracking modules are fully integrated in Sage Accpac programs. You no longer need to purchase and install Sage Accpac Serialized Inventory and Lot Tracking programs separately.

Choosing a business solution for any sme segment has always been a challenge. A SME industry should always mediate on before opting for any business solution, refer our blog posting, Have you considered the below points while selecting your Enterprise Solution??? Sage has revamped its robust financial suit keeping in mind the SME segment which requires intensive BI tools to examine the growth pattern and chalk out a road map ahead in terms of forcasting the production pipeline. In our previous blog posting, Does MIS reports Suffices for your Business? , we have discussed about how MIS tools or Business Intelligence tools are essential for the decision makers to have a planned and analytical regime in an organization’s profit charts.

All in all, giving you a globally acclaimed business solution in a comprehensive price range with advance systematization and stunning new looks.

To preview the Sage Accpac ERP 5.6, give us a call @ 67687808 or mail us at sales@greytrix.com.

Does MIS reports suffices for your business???

Next level towards total business automation after business process automation is to develop a powerful tool which gives a deep insight into your business operation. Many of us get confused with the aspect of Management Information System & Business Intelligence. Management Information system is a collection of business operation information which work as decision support system for us at each functional level and provide feedback on daily operations.

But a just a MIS tool is not sufficient for a progressive organization, a tool which has a capability to analyze and address - “What” & “Why” of past, present & future business events is necessary. MIS tool is just a report which flash out facts of business operation to the management.


“Information about transaction will become more important than transaction itself.” - Walter Wriston, chair and CEO of Citicorp/Citibank, 1967-1984
“Companies that are high performing are more analytical than lower performing businesses.” - Jeanne Harris, Accenture Director of Research

“… top performing organizations separate themselves from their peers by their ability to quickly diagnose the root cause of problems they face on a daily basis.” - The Advisory Board


Business intelligence can be described as a methodology or processes designed and developed with technology, architectured for transforming raw data into meaningful and useful information which enables us to achieve strategic, tactical, and operational efficiency. Today Business Intelligence is used in almost every industrial vertical be it Reality, Real Estate, Retail, Financial Services, or a typical manufacturing.

Business Process Management and Business Process Engineering improves business efficiency but Business Intelligence Tool impacts on effectiveness of business decision. A simple principle works over here – the more you get to know about your business the more develop your competitive advantage.

Business Intelligence tool help you to focus on every aspect of business – Finance, Marketing, Resource Utilization, Operation, General administration, Compliances & regulations, and so on. Sage Accpac Business Intelligence module is one of the state of art tool which helps you to get better, faster, more informed and confident information from your business data. Sage Accpac Business Intelligence is low-cost, easy and faster deployable with dynamic charts showing Key Performance Indicators and Dashboard Technology.
So, just a system or a reporting tool is not enough in progressive organization, we should have a strong tool to highlight those information which often gets unnoticed but carries long term consequences in business. As someone had rightly said……..

“You Manage What You Measure!”

Have you considered the below points while selecting your Enterprise Solution ???

Read on further to acquaint yourself with some questions you need to answer before you finalize on an Enterprise solution for your Enterprise.

1. Scalability of your CRM to ERP and vice versa
   When selecting an ERP or CRM it is essential to keep in mind that we need to select a system which can be scaled up in future. As the business grows the need of integration amongst systems arises, the possibility of managing the current islands of information and automation decreases and you require one platform to manage the various activities of your business. The ERP or CRM that you select must be such that it can be scaled up and can be integrated with the systems that you may require in future. It is best if the same vendor can provide you with both the solutions, this helps in better integration amongst the systems. You may not realize it today but in the long run this integration proves to be one of the major success factors for your solution and forms the backbone of your business. Always look for a solution which has the capability of integration and can scale up to an enterprise level solution.
   
   
   
2. Skill set of your Users ,Organizational Needs, Technology
   The skill set of your users and the organizational needs should determine the solution that you purchase be it ERP / CRM you need to understand your business requirements and analyze them with the current user base. The question you need to answer is that will my users be able to handle the complex system and are my current requirements complicating the system ? You may need to sacrifice some of your requirements and may require a restructuring of your business processes so that your current users can fit into the system and can work with it. The additional requirements that you have can always be accommodated in the Phase 2 when your users are more comfortable with the system. So always remember that you need to select a system that can match closest to your requirements and which your users can use, keeping in mind the scalability aspect of the solution .
   
   
   
3. Saas Vs On Premise
   As a business owner it is very essential for you to decide on what kind of investments you want to do in the system and what kind of support structure can you provide to your ERP/CRM. SaaS model seems profitable at the first go , the investment is less , you do not have to maintain IT Infrastructure and it is a subscription based model. But what we do not see is the recurring cost that we have to pay every month/year to keep the subscription live and going. Also the scope of customization is restricted in SaaS. On Premise on the other hand is a costly option the initial investment is high but the recurring charges are very low and sometimes even NIL. The scope of customizations and mapping your business requirements is very high . Both the models have their own Pros and Cons, one thing you need to check is that can the SaaS model you take be converted to an On Premise model.
   
   
   
4. Realistic expectations
   This is one of the factors why sales people are frustrated, over selling happens and Implementations and systems fail. It is very important to set realistic expectations form a software , be it the cost , the implementation time frame or the delivery that the software will do . we need to be realistic about the functionalities of the software that we are purchasing and cannot expect Stars and moon from the system at the first go . We need to keep our expectations low during the initial phases and then raise the Bar as the system gets stabilized . All you need to do is check if the system has the capability to meet your expectations now and in future.
   
   
   With all this in mind you can start your search for the right ERP / CRM Solution for your organization.Sage Software offers you the exact fitment for your business,Sage Extended Enterprise Suite is an offering from Sage Software which comprises of Sage ACCPAC ERP and Sage CRM. These two application work independently and also work in synch with each other and have an inbuilt integration i.e. no customization is required to integrate the two.Sage EES offers you a complete business solution wherein you can start with ERP or CRM as per your immediate requirement and then add on the other later.Going ahead you can add a BI which will help you in better reporting , some add-on modules like a manufacturing module , project and job costing ,National accounts , GL Security , DMS etc… there is no limit to what all you can add to enhance your system …the best part is that all the offerings given by Sage are integrated to each other and the products are user friendly.
   
   The extensive training given by the Partners help the users in understanding the system better and our aim is to make the application as user friendly and as simple as possible. With Greytrix and Sage you can be sure of a speedy and simple implementation . The consultants @ Greytrix help you identify the right solution and the Best Business Practices. Sage also offers you a choice between SaaS and On premise for their CRM solution.
   
   Contact us @ sales@greytrix.com / 022-67687847/ http://www.greytrix.in/