Optimising the Cycle: Unified Sales, Accounting, and Finance in Discrete Manufacturing
In the fast-paced world of discrete manufacturing, seamless flow between sales, accounting, and finance is no longer a luxury, it's a necessity.
M1 ERP, trusted by leading manufacturers, delivers the integrated platform you need to optimise operations, maximise efficiency, and achieve sustainable growth.
Job Costing
In the high-stakes world of discrete manufacturing, every penny counts. A single miscalculated job can eat into your profits and throw your entire production line out of whack. That's where M1 job costing comes in – your secret weapon for precision, profitability, and sustained success.
Think of it like this:
- Blindfolded with guesswork? Data-backed job costing sheds light on exact material, labour, and overhead costs for each individual job, revealing the true story behind your profitability.
- Struggling to identify cost drivers? Pinpoint areas for waste reduction and optimisation, empowering you to squeeze every ounce of efficiency out of your operation.
- Pricing in the dark? Equip your team with data-driven insights to set accurate prices, win the right projects, and avoid costly underestimates.
- Decision paralysis from siloed data? M1's integrated job costing breaks down the walls between functions, giving you a holistic view of project costs and their impact on the bigger financial picture.
With M1's job costing, you're not just tracking costs, you're mastering them. You gain the power to:
- Make informed bids and win the most profitable projects.
- Allocate resources precisely, ensuring optimal efficiency.
- Identify and eliminate hidden costs that erode your bottom line.
- React quickly to market changes and adapt your pricing strategies.
- Build a future of sustainable growth, fuelled by accurate cost control.
Don't settle for guesswork in a game of margins. M1's job costing is your key to unlocking profitability, making smarter decisions, and leaving the competition in the dust.
Estimating and Quoting
Are you still quoting in the dark, or basing decisions on gut feeling and guesswork?
Win more business with accurate and timely quotes using M1 ERP's advanced estimating and quoting capabilities. Leverage historical data, cost calculations, and industry benchmarks to create competitive quotes.
Cost of Goods Sold (COGS)
Swallowing profits whole without realising it?
Accurately track and manage your cost of goods sold (COGS) with M1 ERP's Invoice COGS report demo. This comprehensive report provides detailed insights into COGS by product, customer, and order, enabling you to identify areas for cost optimisation and improve profitability.
Multi-Location Accounting
Are you running into siloed data and financial headaches with your various plants, warehouses, facilities, or divisions?
M1's robust multi-location accounting functionality seamlessly consolidates financial information across branches, warehouses, or subsidiaries. Imagine effortlessly generating consolidated reports, tracking performance across diverse locations, and streamlining intercompany transactions.
M1 eliminates complex manual reconciliations and provides real-time financial visibility, empowering you to make informed decisions based on holistic financial data. Whether you're a growing local business or a global player, M1's multi-location accounting keeps your finances transparent, accurate, and under control.
FIFO and LIFO
Navigate the ever-changing inventory landscape with M1's flexible FIFO and LIFO accounting functionalities. Choose FIFO (First-In-First-Out) to match the cost of goods sold with the oldest purchases, providing a clear, consistent picture of current profitability. Or leverage LIFO (Last-In-First-Out) to minimise tax burden during inflation, reflecting rising replacement costs in your cost of goods sold.
With M1, switching between FIFO and LIFO is easy, enabling you to adapt to market fluctuations and optimise your bottom line. Gain granular control over inventory valuation, empower strategic financial decisions, and stay ahead of the curve with M1's accounting agility.
Contact Management
Do you find that you and your team struggle to organise all of your contacts from customers, prospects, and suppliers?
The contact management functionality is a powerful tool for strengthening your operations. It allows you to efficiently organise and manage a database of contacts, including customers, suppliers, and other business partners. Users can track and manage interactions, communications, and transactions with each contact. This functionality provides you with a centralised platform to enhance collaboration, build trust with stakeholders, and ultimately improve customer and supplier relationships.
Customer Relationship Management (CRM)
In a crowded market, what makes you truly stand out?
M1 equips you to become a trusted supplier that goes beyond just the transaction, exceeding customer expectations and building loyalty that fuels word-of-mouth and repeat business.
Nurture meaningful customer relationships and drive sales growth with M1's robust CRM capabilities. Manage customer interactions, track sales opportunities, and gain valuable insights into customer behaviour to personalise your sales approach and exceed customer expectations.
Find out what you can get with CRM
Lead Management
Our lead management functionality is a robust component designed to empower you in efficiently handling potential business opportunities. This tool allows users to systematically capture, organise, and track leads, enabling a proactive approach to converting prospects into customers. The system facilitates integration with Microsoft Outlook, streamlining communication and ensuring that important milestones and interactions are well-coordinated.
Call Management
Our integrated call management solution enables you to seamlessly manage incoming and outgoing calls, track call history, and analyze call metrics. Empower your team to prioritise and respond promptly to customer inquiries, identify trends, improve call centere performance, and gain insights into customer needs and preferences.
Project Management
How much hidden profit is trapped in disorganised projects?
Effectively plan, execute, and track complex projects with M1 ERP's integrated project-based manufacturing management tools. Resource allocation, task scheduling, and progress tracking ensure seamless project execution, while real-time visibility into project financials keeps you in control of costs and profitability.
Sales Order Management
Manage your sales orders with efficiency and precision using M1 ERP's comprehensive order management module. Handle a variety of order types, including make-to-order, make-to-stock, pull-from-stock, purchase-to-order, engineer-to-order, and kit parts, ensuring seamless order fulfilment and customer satisfaction.
More Accounting Tools to Utilise
Accounting
Can you confidently say your accounting system is a strategic partner, not a frustrating bottleneck?
Gain control over your finances with M1 ERP's robust accounting capabilities. Track your financial transactions, manage accounts receivable and payable, and generate accurate financial reports to make informed business decisions.
Payroll
How much longer can you afford payroll errors that eat into your bottom line and employee morale?
Streamline your payroll processes and ensure accurate employee compensation with M1 ERP's integrated payroll module. Manage payroll calculations, deductions, and tax compliance, while maintaining comprehensive employee records for compliance and reporting purposes.
Budgeting
Imagine a future where your budgets predict the future, not just react to the past.
Create and manage detailed budgets to control expenses and achieve financial goals with M1 ERP's budgeting module. Track budget performance against actual expenses, identify variances, and make timely adjustments to stay on track with your financial objectives.
Multicurrency
Are fluctuating exchange rates leaving your profits in limbo?
Operate with ease in a globalised marketplace with M1 ERP's multicurrency capabilities. Manage transactions, generate reports, and track financial performance in multiple currencies, enabling you to navigate international business with confidence.
GAAP Accounting
M1 does something that QuickBooks can’t.
M1's built-in Generally Accepted Accounting Principles (GAAP) accounting function gracefully translates your financial data to adhere to these rules with effortless ease. Automate GAAP-compliant calculations, handle complex accounting rules, and generate accurate reports ensuring financial compliance and peace of mind.
General Ledger
Are you looking to centralise all of your financial information to make your life easier?
Discover a robust General Ledger tool that becomes the central hub for all your financial data, keeping track of every transaction with meticulous precision inside M1 ERP. From accounts payable to receivables, every penny is accounted for and accessible in real time. Generate custom reports on the fly, gaining instant insights into your financial health and pinpointing areas for improvement.
FAQs about the Sales, Accounting, and Financial M1 Tools
Can M1 ERP help me manage my customer relationships effectively?
Yes, M1 ERP's comprehensive CRM capabilities enable you to track customer interactions, manage sales opportunities, and gain valuable insights into customer behaviour. This empowers you to personalise your sales approach, nurture meaningful relationships, and drive sales growth.
How can M1 ERP streamline my project management processes?
M1 ERP's integrated project management tools provide resource allocation, task scheduling, and progress tracking, ensuring seamless project execution. Real-time visibility into project financials keeps you in control of costs and profitability.
Can I generate accurate and timely quotes using M1 ERP?
Yes, M1 ERP's advanced estimating and quoting capabilities enable you to create competitive quotes using historical data, cost calculations, and industry benchmarks. Enhance your quoting process with our video quoting demo.
How does M1 ERP handle different order types?
M1 ERP's comprehensive order management module efficiently handles various order types, including make-to-order, pull-from-stock, purchase-to-order, and kit parts. This ensures seamless order fulfilment and customer satisfaction.
What insights can I gain from M1 ERP's Order Snapshot feature?
M1 ERP's Order Snapshot dashboard provides real-time insights into your sales pipeline, order status, and potential bottlenecks. This enables proactive decision-making to optimise your sales operations and achieve sales targets.
How can M1 ERP streamline my payroll processes?
M1 ERP's integrated payroll module streamlines payroll calculations, deductions, and tax compliance. It also maintains comprehensive employee records for compliance and reporting purposes, ensuring accuracy and efficiency.
Can M1 ERP help me gain control over my finances?
Yes, M1 ERP's robust accounting capabilities enable you to track financial transactions, manage accounts receivable and payable, and generate accurate financial reports. This empowers you to make informed business decisions and achieve financial goals.
How does M1 ERP support multicurrency operations?
M1 ERP's multicurrency capabilities enable you to manage transactions, generate reports, and track financial performance in multiple currencies. This facilitates seamless operations in a globalised marketplace and enhances international business capabilities.