A distributor’s activity seems as simple as buying and selling products. Yet, this simplicity is more complicated than it might seem. Distribution is a continuous fire activity, with constant need of stock and client orders information.
Daily analysis is needed on staff performance, receiving orders and collecting payments. Stocks need to be analysed daily, as well as supplier orders. Similarly, distributors have to analyze sales by divisions or brands, in order to find the best products combination to generate a maximum of profit. An income and expenses review must be an on-going activity. There are several costs to be monitored: handling charges, storage, car park costs, as well as salaries, contributions and other taxes. All these are the “ingredients” of an average day in a distribution company. Other specific issues to be addressed are increasing billing efficiency through information quality and human error elimination.
This is the 3rd year in a row that BITSoftware participates at Internet & Mobile World, the largest B2B expo-conference presenting IT, digital, marketing, e-commerce and mobile solutions. For two days, the Central Pavilion at Romexpo will be the main focus for over 7000 participants.
Don’t miss out our “SocrateCloud for Distribution or How to choose wisely in order to grow your distribution business” presentation, which will take place on October 7th, 12:15 – 12:45 on the Business Software Stage.
Did you know that you can now be the beneficiaries of a 200.000 EURO grant for implementing a business management software solution? Private companies, as well as public institutions, have 532 million EURO at their disposal by 2020 for IT&C projects. The total amount of EU funds allocated for 2015 is over 57 mil. EUR nationally, and the deadline for proposals submission is October,30 2015.
The BITSoftware ERP solutions – Socrate+ and SocrateCloud are ready for the modified 9% VAT rate for food.
The Government Ordinance No.6 / 2015 for the modification of the Fiscal Code published in the Official Journal of Romania, Part I, no. 250 of 14 April 2015 will enter into force on 1st of June 2015. By modifying the content of Article 140 para. (2) g) of the Tax Code, the document states that the value added tax will decrease from June 1st from 24% to 9% for the delivery of the following goods: food, including beverages, but excluding alcoholic beverages intended for human and animal consumption, live animals and domestic birds, seeds, plants and ingredients used in the preparation of food products used to supplement or replace foodstuffs, as well as restaurant and catering services, excluding alcoholic beverages.