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What is ERP software?

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ERP is an industry acronym for Enterprise Resource Planning. But what does that actually mean? Broadly speaking, ERP software is a platform that enables the automation and integration of a company’s core business processes, such as core accounting, job management, inventory management, etc.

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Triumph ERP empowers the growth of WA business

WT Hydraulics

WT Hydraulics is a Kalgoorlie-based company specialising in the design, sales, service and repairs of hydraulic components and equipment. With three branches across WA, WT Hydraulics services the agriculture, forestry, mining, marine, and oil and gas sectors.

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Triumph ERP supports thriving WA business despite troubled economy

kirby1

Western Australian owned and operated business, Kirby Marine, is traversing the challenging economic climate and is currently experiencing a boom, contrary to many other businesses in WA.

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Triumph ERP Blog

Welcome to Triumph Business System's company blog! Here you will find valuable articles about Triumph, business management software, industry news and other related topics.

Business Basics: The Pros and Cons of Franchising

Business Basics: The Pros and Cons of Franchising
By Triumph Guest Blogger, Ross Billson, Managing Director at Billson Advisory   I recently went to the Franchising Expo in Melbourne at the Exhibition Centre to listen to the latest developments in the industry. The sector is governed by the ACCC’s Franchising Code of Conduct. As a bit of background, there are over 1,000 franchise networks in Australia employing almost half a million people so franchises are a significant part of the economy. Franchises are everywhere, ranging from the iconic McDonalds, the stable of ‘Jim’s’ franchises, through to more recent franchise models such as HR services for business.   Advantages and...
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4 Tips for a stress-free end of financial year

4 Tips for a stress-free end of financial year
  We know how busy life can get and running a business is hard work. We hear many stories about clients who are so busy with the everyday running of their business that they don’t get time to review the books until it’s almost the end of financial year. Here are some tips to help reduce the stress of this busy time.  1. Be organised Putting yourself and your staff under pressure right before EOFY will increase the likelihood of mistakes and inefficiency. By being organised and not leaving things to the last minute, you will ensure that if something does...
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Now is the time to finance your ERP software investment

Now is the time to finance your ERP software investment
  Many businesses put off upgrading their accounting or business management systems because of seemingly expensive upfront costs, but many do not realise there’s actually a way around this. Of all investments, business management systems are the ones that should have long lasting value and pay for themselves through improved efficiencies and reduced costs. With interest rates at an all-time low, there has never been a better time to invest in something as critically important to your organisation as business software. We have come up with a comprehensive list of reasons why financing your ERP software purchase could be the best business...
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6 Big benefits of using mobile technology to improve your warehouse operations

6 Big benefits of using mobile technology to improve your warehouse operations
  Technology advances at lightning speed these days and as a busy business owner, it can be hard to keep up. However, mobile technology is definitely a trend you should take notice of because it could have real positive effects on your business and your bottom line. Modern technology such as mobile phones and tablets, mobile scanners, and the software applications that can be run on these devices, are revolutionising warehouse operations for businesses around the world. We have compiled a list of ways mobile technology can enhance your warehouse operations and improve your business dramatically. 1. More efficient Mobile apps can...
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Wholesalers have come a long way in the last 10 years – is your business keeping up?

Wholesalers have come a long way in the last 10 years – is your business keeping up?
  Gone are the days when wholesale businesses could just sit back and wait for orders to be telephoned or emailed through. Customers want instantaneous information on products, prices and availability. The rapid technological development of the recent past has created many opportunities for businesses to cut costs and improve their operations, but not everyone is taking advantage. According to research provider Frost & Sullivan, by 2020 the B2B (Business to Business) e-commerce market will be twice as large as the B2C (Business to Consumer) market globally — $6.7 trillion vs. $3.2 trillion. This is why it is vitally important that your business...
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Are Purchase Orders a Problem? Discover the benefits of Triumph ERP's Purchase Requisitions Module

Are Purchase Orders a Problem? Discover the benefits of Triumph ERP's Purchase Requisitions Module
Triumph ERP (what is Enterprise Resource Planning?) offers an unparalleled ability to easily add on modules and users as your business requires. By adding Purchase Requisitions to your suite of Triumph modules, you will find an easy and effective way to marshal stock that must be purchased. Purchase Requisitions is often referred to as 'back-to-back ordering'. With this module you will be able to easily and effectively manage purchases, enhance just-in-time ordering, and improve customer service, making you more efficient with your time. Requests for purchases can come from; ·         Sales Orders ·         Inventory Reorder Reports ·         Point of Sale...
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What is ERP software?

What is ERP software?

ERP is an industry acronym for Enterprise Resource Planning. But what does that actually mean? Broadly speaking, ERP software is a platform that enables the automation and integration of a company’s core business processes, such as core accounting, job management, inventory management, etc. In order to do this, ERP systems need to be sophisticated and have a complete understanding of all the aspects required to drive those business processes. This is why ERP systems are generally considered the ‘next step up’ from entry-level accounting systems such as Xero or MYOB. ERP software by design is based on three essential fundamentals:...
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4 Big Benefits of Regular Staff Software Training

4 Big Benefits of Regular Staff Software Training
Having an organised schedule for regular staff training has many benefits, both for your business and for your staff. We have created a list showing how you can reap the full benefits of your investment in your business management software.   Increases staff morale Regular training shows that you value your staff enough to invest in them, making them feel valued and giving them better job security. Their self-confidence will improve as they need less supervision and become more familiar with the software and business processes. They will also become more loyal to the business, improving staff retention which is...
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7 Business Benefits of Cloud Software

7 Business Benefits of Cloud Software
  There is a lot of hype these days about the phenomena of the ‘cloud’, the way it is revolutionising the way people use technology, and the way people do business. So what is the cloud, and why should you use it? To simplify things, we have explained a general definition and listed the benefits of using cloud-based accounting software in your business. What is the ‘cloud’ and how does it work? Put simply, the cloud is computing as a service rather than a product, which is leased rather than purchased outright. Resources such as hardware, programs and information are shared...
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How to Work Smarter not Harder Using Job Costing

How to Work Smarter not Harder Using Job Costing
By Colin Atkinson from CA Management Services and Danni Smart from Triumph Business Systems Knowledge of the bottom line is perhaps the most important piece of information any business needs in order to function efficiently and be successful. An accurate picture of what a particular project is costing ensures improved profitability. Furthermore, the ability to view and analyse all operational costs helps to improve productivity and procurement. Job costing is something that can facilitate this; it gives you more control over your business costs and margins, and generally helps you make your business better. What is Job Costing? Job Costing means...
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