Author: David Kwo

QAD’s Financial Report Writer is a very useful accountant’s tool within the QAD environment that works on top of the general ledger to organize transactions and generate reports (such as balance sheets and income statements). Though financial statements must be built from scratch, the ability to keep and organize financial data within QAD, as opposed to exporting it to an external tool, is very convenient. Additionally, as GL transactions post,...

A plastics shortage has persisted in the United States since the Texas Freeze in February. One of the largest exporters of plastics and petrochemicals, Texas faced mass blackouts during Winter Storm Uri this year, forcing the shutdown of many chemical plants. Though the weather has warmed, the plants have been slow to reopen, as the process of restarting a chemical plant is tedious and dangerous and thus cannot be rushed....

The COVID-19 pandemic has been hard on businesses in many ways, and manufacturers are no exception. The persistent economic uncertainty has contributed to a labor shortage, making it difficult for companies to plan and fulfill production goals efficiently while maximizing their available resources. QAD’s MSW/PSW functionality can help to alleviate scheduling issues that may arise if you have fewer workers than you anticipated. It is a very useful tool for...

Cost management is essential to any profitable business and should therefore be an ongoing analysis activity for any food and beverage company. Rather than assessing your budget and product costs once a year, continuously compare your actual costs to the standard so that you are constantly looking at results and can begin building next year’s cost model well ahead of time. Ongoing product costing efforts can help your business to...

During an implementation, one of the most important steps is importing old GL data. Prior to uploading historical GL balances, you must open those historical periods. Without opening the historical periods, you will not be able to upload any historical balance. In this blog I will illustrate how to effectively and efficiently open and close GL periods and provide some useful tips and tricks to make your data import job,...

Utilizing both 5G and IoT will soon be the global standard for optimizing your ERP solution. Now, you might be asking, what are 5G, IoT and how do they relate to my current ERP system? That’s easy, lets start off with some basic definitions of 5G and IoT.   What is 5G? – 5G is the 5th generation mobile network – the new global wireless standard. While there is not...

Three-way matching in Dynamics 365 for Finance and Operations is a great tool for companies to implement. To ensure that a Supplier Invoice is correct, companies will often use an accounting practice called "Three-way Matching". This refers to the matching of three supplier documents, the Invoice, the Purchase Order and the Product Receipt. By implementing three-way matching in Microsoft Dynamics 365 for Finance and Operations, you will ensure that only...

Microsoft Dynamics 365 for Finance & Operations, also known as D365 F&O, excels for organizations with users who process global transactions across multiple legal entities. To make this easier, Microsoft has introduced the Global Transactions to both the Customer and Vendor pages. In short, this button allows users to view all transactions, company-wide, with the click of a button. Below, I will illustrate how to access the Global Transactions functionality,...

Our experience over the past 25 years is that most executives prefer to delay major ERP Implementations or Upgrades, preferring to stay on older software versions as it is the devil they know. Understandably, this preference to stay put is driven largely by the high percentage of failures in business transformational type implementations and upgrades. They often over promise and under deliver. As we are often asked our advice as...

Acknowledging that as a QAD Service Provider we are probably biased, our experience has been that the selection of the implementation team is as important as the ERP software that you choose. Because a well implemented ERP system is the transaction engine that provides the foundation that allows companies to drive real business value. And the Business benefits transcend all of the core business processes, both in terms of real...