How it Works
I remember when I was a Financial Controller, in a company that sold bearings based in Sydney. We had approximately 70,000 sku’s, and ran an old ERP system. Even in an ERP system, the system is modular, and it was difficult to reconcile a SOH report to the general ledger. This simple example is more of a problem with two different systems, ie Xero (Ledger) and then an Inventory system (Cin7, DEAR, Unleashed, etc). See the below example of how we are reconciling two systems in realtime for a customer using Quick Books Online (QBO) and Cin7 (an inventory management system).
Running this in realtime, and seeing an issue come up, you can change it immediately, rather than when you notice months later (or usually at year end when you are doing your tax), and then having to investigate for days or even weeks trying to figure out what went wrong. With a realtime dashboard like the example above, the issue is flagged straight away and you can address it immediately.
As much as the cloud was a game changer for businesses, it fell short in this area. With the cloud, amazing things could be achieved, what was only once a domain relegated to large businesses, now can be accessed readily by everyone. WAO Connect allows you to bring all your different systems together, whether that’s your CRM, Inventory, e-Commerce, social media, accounting, project boards, the list goes on.