Combating Credit Crunch and Expenses using Sage Accounts 50

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 10, 2008 -- To better equip the Sage Accounts 50 customers to address these issues, Microsap, (www.microsap.co.uk) a leading software services company and a Sage development partner, has launched a unique and effective solution – The Credit Crunch Module for Sage.
The Credit Crunch Module sits on top of Sage Accounts 50 software and uses the already available data to provide a thorough and meaningful analysis of expenses and possibly locked-up inventory assets.
The Credit Crunch Module, at present, provides two functions:
Expense Analysis

Expense Analysis uses the categorized headings already defined in Sage Accounts 50 to provide a thorough analysis of all the expenses. The various options for comparison include
•Current Month v/s Last Month
•Current Quarter v/s Previous Quarter
•Current Half Year v/s Previous Half Year
•Current Half Year v/s Previous Year same Period
•Current Year to Date v/s Previous Year to Date
The advantages of the Expense Analysis include:
•On Demand availability for real-time comparison of Expenses
•Accounting system being the primary source, data integrity and correctness is ensured
•Graphical representation for quick analysis

ABC Analysis

ABC analysis is the method of classifying items involved in a decision situation on the basis of their relative importance. The classification may be on the basis of monetary value, availability of resources, variations in lead-time, part criticality to the running of a facility, new customer parts unique to that product, and others
•“A” - items are the highest priority, the tightest control, frequent deliveries, close follow-up, and accurate records. Planning and Scheduling these parts utilize MRP (Material Requirements Planning), DRP (Distribution Requirements Planning, or EOQ (Economic Order Quantity) or other lot sizing techniques such as Lot for Lot. 10 % of the “A” items volume accounts for 70% of the total inventory value

•“B” - items are the priority when low or out of stock. Normal control is used and good records are maintained. EOQ and other lot sizing methods can be used effectively with these items. “B” items account for 20% of the total inventory value, and 20% of the inventory volume.
•“C” - items are the lowest priority, simplest method of control. Min/Max used for ordering. These parts are usually expensed, as there are no records for them. These parts represent 10% of the total value, and 70% of the volume

The advantages include
•The analysis can be carried out based on either the Rate, or the Value or the Quantity of inventory items
•You can define your own criteria for ABC analysis
•Choose the range for each of the type of groupings

Microsap(www.microsap.co.uk) along with its group company Winjit Technologies, have proven expertise in developing high end software solutions, especially for Finance and Accounting. The solutions developed are not only of the highest quality that add value to the customers but also have a huge cost advantage.

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