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FMT is Recognized on Bob Scott’s Top 100 VARs List for 2021
We are proud to share that FMT has been recognized as one of Bob Scott’s Top 100 VARs for 2021! The annual list of leading resellers is comprised of organizations specializing in the sale and implementation of Enterprise Resource Planning (ERP) and accounting software. “Over the last 18 months, our clients have had to rapidly adjust to the dramatic changes in the global supply-chain and have turned to FMT for connected, complete solutions in an evolving market,” states FMT CEO Eric Casazza. “It’s wonderful to see that we remain amongst great company as a ‘top 50’ reseller nationwide. We continue to actively strength the ways in which we deliver value, and we look forward to helping our clients grow in the remainder of 2021.” Bob Scott, executive editor of ERP Global Insights (formerly known as Bob Scott’s Insights) adds, “We want to congratulate this year's class of Bob Scott's Top […]
Solution Demo: Automated Order-to-Delivery Process with NetSuite
The order-to-delivery process is full of steps and – for many suppliers – manual tasks. But how can you streamline the process, and what would that look like? We’ve spoken with countless suppliers throughout the years, and while their businesses may vary, the major challenges they face are similar. Common Challenges Suppliers Experience Lack of integration across multiple trading partners. Plus, each partner may have specific requirements, adding more manual processes to your workload. Lack of real-time inventory visibility. Have you ever sold something that wasn’t actually available? Lack of real-time data is often at the root of negative client experiences. Managing peak season order volume. More orders are great, as long as you can deliver packages on time during peak season and high-volume events. Advanced ship notice (ASN) requirements. Has a client ever canceled an order because she thought it hadn’t been shipped? The cost of not sending the […]
How to Enable Non-G/L Changes to Closed Periods in NetSuite
Here’s a quick tip on how to enable non-G/L changes to closed periods in NetSuite! How do closed periods work in NetSuite? Once an accounting period is closed, you are unable to edit any transactions within that closed period. The ‘Edit’ button on these closed period transactions won’t show, and you will instead see a lock icon next to the transaction number to designate that it is in a closed period. Why would you want to enable non-G/L changes to closed periods in NetSuite? Perhaps you want to add a memo or edit a PO number without having to credit and reissue invoices. Additionally, some ISV solutions require this setting in order to sync their data with locked and closed periods. How do you enable the feature in NetSuite? You’ll have to enable a setting on the Manage Accounting Period page. To enable the editing of transactions within closed periods […]
How to Empower Your Chief Procurement Officer
2020 has been a year like no other in recent history, and the US manufacturing industry has felt the impact. Declines in production, forced shutdowns and inconsistent value chain behavior during the ‘peak’ of the pandemic will likely drive industry behavior for years to come. In what could become a permanent change for the industry, most manufacturing leaders are reevaluating the role of their workforce. One way to enhance digital capabilities in the workforce is to develop an ecosystem comprised of today’s top manufacturing talent (like your Chief Procurement Officer, or CPO) built on the back of a world-class Customer Relationship Management system. Data-Driven Decisions There are a few common themes we are seeing more and more in the manufacturing world nowadays. The need for agility and accuracy in data management, customer centricity and the ability to make data-driven decisions seems to have taken over and remodeled company cultures. Furthermore, […]
The Importance of Data in Manufacturing
In a world where data consolidation and analysis are becoming ever more vital to business, it can be difficult to know how to best set up your organization’s data strategy to meet future demands. Furthermore, in the business of manufacturing, where there are so many proverbial moving parts and areas to focus on, it can be challenging to note the advantages and cost savings associated with a coherent data strategy when compared to other areas of the organization (i.e. sales, operations, research and development, procurement, quality assurance, etc.). However, having access to well-defined and accurate data can lead to insights and cost savings that propel a manufacturer to the next level of their business as well as outperform competitors, for several simple and powerful reasons cited by Kevin Snook, author of Make It Right: 5 Steps to Align Your Manufacturing Business from the Frontline to the Bottom Line. If you […]
How to Enable the Updated NetSuite Bank Reconciliation Process
NetSuite 2020.1 brought with it various new features and enhancements to existing features for users. One such improvement is NetSuite’s updated bank reconciliation process! This feature works out of the box with most major U.S. and Canadian banks, but a plug-in is needed for banks in other countries. Here’s a quick overview of how to take advantage of the NetSuite feature. First, users should enable the updated bank reconciliation process in NetSuite. Navigate to Setup -> Accounting -> Chart of Accounts, and click on the bank account you would like to enable for the new bank reconciliation process. Mark the Use match bank data and reconcile account statement pages, and then save. Do note that when you enable the Use match bank data and reconcile account statement pages, the bank account will not show up on the Reconcile Bank Statement Page (like in the old method). Next, users will transform […]
Warehouse Cycle Counting with Business Central
What is cycle counting? Let’s be honest, setting up and processing inventory counts on a regular basis is one of the least exciting parts of running a distribution business. In reality, there is no one who enjoys undertaking this tedious activity. In fact, rather than addressing this need, many choose to ignore it, especially if they have a lack of resources and time. However, performing cycle counts on a frequent basis and aligning them correctly within your warehouse(s) is critical in achieving better metrics for inventory accuracy, turnover ratio, lead times and delivery dates. In this blog, we’ll explain how all of this can be accomplished using Microsoft Dynamics 365 Business Central (BC) with its ease of processing a count. Warehouse cycle counting is a perpetual counting system where a small subset of inventory, in a specified location, is counted on a specified day. By performing cycle counts, you are […]
Read This Before Importing Contacts to Business Central
With the recent “Edit in Excel” and enhancements to Configuration Packages, importing data into a new Microsoft Dynamics 365 Business Central (BC) Company is more streamlined than ever before. But I recently encountered issues with the Business Central Contact List during the data migration phase of a project. The issue: thousands of Contact records that were not intended to be there. What made matters worse? At first attempt, it seemed near impossible to delete the records. One more tick in my daily grind where I scream to the BC gods, “Bring back my Object Designer!” Normally, a little bit of research on the Microsoft Partner Portal, forums or Microsoft documentation will give some good tips and tricks for handling this massive amount of records. There is some great intro training on Marketing and Business Central Contacts in the MS documentation here. Sadly, there is nothing on my current dilemma. But, […]
Top 10 Features of NetSuite 2020.1 Release
The NetSuite 2020.1 release ushered in an impressive list of new features and enhancements to existing. The list is long, but we’ve highlighted ten features worth knowing below. Banking NetSuite 2020.1 has vastly improved banking integration. It is now easy to configure a direct connection to your bank and pull statements in real-time, making reconciliation a breeze! This feature works out of the box with most major U.S. and Canadian banks. (A custom plug-in is needed for banks in other countries.) Users with multi-subsidiary customer and vendor accounts can assign a primary bank to each subsidiary. This allows for greater control and segmentation. Inventory Management Supply allocation enhancements make NetSuite an excellent tool for high volume and bulk shipping organizations. Users can easily control inventory allocations from Purchase Order to Sales Order to Fulfillment. A new dashboard allows you to control and redirect inventory across your entire business with the […]
Business Central and Auditing Changes
Auditing changes in Microsoft’s Dynamics 365 Business Central, like with any ERP, is fundamental to ensuring compliance. In this blog, we’ll take a look at the differences between the 2 tools that you can use to audit changes in Business Central.   The first is native functionality, and the other is an app that you can add-on.  By the end, you’ll have a solid idea of how these options can help you audit changes in your ERP.  Let’s jump in! Business Central Change Log The Change Log functionality is built-in to Business Central.  It’ very simple to setup and get going in it.  Putting you’re controls in place quickly. The Change Log can track changes when a value is inserted, modified or deleted from a field. It also provides a nice viewable log with the user id, date/timestamp, before and after values as well being exportable to excel. The actual process […]
Creating Powerful Reports Real-Time in NetSuite
Server crashes. Excel spreadsheets. Manually aggregated data. Human errors. Disparate systems. These are just a few struggles that exist with reporting today. Here comes, NetSuite. NetSuite provides a modern reporting experience that isn’t just quick and accurate; it’s easy and can be automated too. Whether you’re looking for at-a-glance Executive Financials or in-depth forecasting of Item Demand, NetSuite has you covered. It offers the power of built-in, real-time dashboards, reporting and analysis across all the integrated processes within the software suite. Let’s take a quick tour of what capabilities NetSuite has. Dashboards and KPIs NetSuite’s dashboards and reporting capabilities allow you to monitor, report and analyze your organization's performance real-time. Every stakeholder from executives to department managers has access to personalized reports with the information they need to make decisions. Best of all? They’re easily configurable, customizable and can be displayed in 19 languages including Chinese, Japanese, French, German and […]
Getting Started with Dynamics 365 Business Central
Business Central is a business management solution for small and mid-sized organizations that automates and streamlines business processes and helps you manage your business. Signing up is easy, and you can migrate existing business data from your legacy system. To help you with your subscription, contact FMT Consultants, a Microsoft Gold Partner for your Business Central. When you sign up for the Business Central preview you get access to a demonstration company. The demonstration company contains sample data, but you can create your own sales documents, for example, or set up a bank account. Get to know Business Central In Business Central, some things will be familiar to you, and other things might be unfamiliar. In the demonstration company, visual guides explain core functionality and help you try out daily tasks like creating a sales invoice and viewing a report. If you leave a guide, for example, to explore Business […]
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