RSMS Management Solutions

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Paper vs Electronic | RSMS Management Solutions Introduction The increase in digital technology in the workplace has been brought on by the decreased cost of ownership, the reduction in the price of digital memory and the required access across multiple devices. Providing information to all users regardless of location or desired method has becom...

Operations directly or indirectly touches on every area and function of your business.

The Key to Effective Operations, part 2 | RSMS Management Solutions By Laurie Mosse In the first part of this series, we provided the definition of ‘operations’ and a general idea of how we determine the way the business is currently functioning. Operations, directly or indirectly touches on every area and function of ‘the business’. This is why it is critic...

How to make your reporting work for you, not the reverse

The Value of Dynamic Reporting | RSMS Management Solutions The most popular method of information gathering in corporations today is done with ERP software. This powerful but complex set of sophisticated programs designed to gather information from the daily operational activities of your business. Mundane but essential tasks such as accounts receivable col...

Forecasting for success

The Art of forecasting & budgeting | RSMS Management Solutions Budgeting and financial forecasting are financial planning techniques that help business managers in the decision-making process. Traditional definitions suggest there is a difference between the two. One definition is that “a budget represents a business’ financial position, cash flows and goal...

The RSMS consulting approach

The making of a successful consulting project | RSMS Management Solutions One of the most challenging things we may need to do is understand and admit the limitations of what we know. First, we must accept that it is not a weakness to acknowledge the limitations of our knowledge and expertise, but rather a strength to recognize that we may need to engage others to assist....

Easy access, admin savings and more

Paper vs Electronic | RSMS Management Solutions Introduction The increase in digital technology in the workplace has been brought on by the decreased cost of ownership, the reduction in the price of digital memory and the required access across multiple devices. Providing information to all users regardless of location or desired method has becom...

The importance of procedural documentation

Documentation - The Operations "Owner's Manual" | RSMS Management Solutions   The value of procedural documentation Internal company processes and procedures are the drivers that allow each enterprise to function in its unique manner. Over time operating methods are altered due to company growth, personnel additions, and changes, and advances and improvements in the techno...

The Value of Reliable, Accurate Reporting

“One Single Version of the Truth”. Relying on your reporting data | RSMS Management Solutions Cognos Analytics (CA) provides business users with a single data source. All “actual” information is derived from the company’s proprietary Enterprise Resource Planning (ERP) system, automatically updated at user-defined intervals for CA reports. Forecasts created in the budgeting and forecast...

Account receivable management

Long-Forgotten Need in a Most Vital Area: Accounts Receivables & Collections | RSMS Management Solutions One of the most important and least innovated areas of business today lies in accounts receivables and collections. Every ERP system includes a basic accounts receivable module, usually one that was conceived many decades ago, and has not been sufficiently updated to take into account new and innova...

The 80/20 rule - A corporate reality check | RSMS Management Solutions Every so often, we all need to take a step back to look at the how their businesses are performing. Are our operating processes performing as planned? Are there things we could be doing better? Businesses are evolving, fluid organizations, made up of countless components that are constantly in motio...