It is a common practice to need to post a financial entry to a closed fiscal year. In Sage X3, you can easily reopen a fiscal year, but you must edit your new period (NP) journal entries before you do…
Discrete Manufacturers: Say Goodbye to Supply Chain Headaches and Hello to Traceability
For discrete manufacturers, supply chain challenges are increasing every year and becoming more of a daily concern. A recent report from IDC says that 97% of discrete manufacturers will focus on visibility, with 60% concentrating their efforts on end-to-end traceability…
How to Process a Value Change for a FIFO Valued Item in Sage X3
With today’s frequent fluctuation in commodity pricing and supply chain challenges, the cost of raw materials can change significantly over time. Read today’s blog to learn how you can use an X3 utility to update the inventory value of FIFO…
Future in Motion: Top Tech Trends for 2022
Gartner’s annual Strategic Technology Trend list is considered to be the de¬finitive predictor of what’s to come. Innovative businesses with the most successful track records know to pay attention to everyone. This year’s trends fall into three distinct categories: engineering…
Viewing Transaction Currency Rates in Sage X3
Sage X3 multi-currency translates transactions entered in foreign currency into your native accounting or ‘ledger’ currency and automatically provides any exchange variance (gain/loss) due to currency fluctuations for these transactions. In this blog post, we will look at an example…
Learning Management Systems: the Way You Share and Collaborate
In a recent study by HR Daily Advisor, 78% of initiative-oriented HR professionals were responsible for leading learning and development initiatives, yet only 35% used a Learning Management System (LMS). However, the ongoing pandemic and remote workforce shift, has organizations…
Price Utility for Sage X3 – Automate Updates to Costing and Pricing and Eliminate Cumbersome Spreadsheets
The Price Utility for Sage X3 automates the process of updating price(s) and/or cost(s). The Price Utility allows you and your team to quickly and easily make profit-preserving decisions and make mass updates to the pricing and costing table in…
7 Key Steps to Improving Your Data Security
The increased frequency of cyber attacks have greatly reinforced the vulnerability of networks and the near inevitability of a cyber incident. Staying ahead of phishing, ransomware, and the new wave of sophisticated cyberthreats means addressing vulnerabilities has never been more crucial. The best safeguard is…
Sage X3 & Sage 500 Year-End: 1099 Processing for Calendar Year 2021
Once again, it is time to start preparing 1099 filings for calendar year 2021. Sage recently released the 1099 updates for 2021 for both Sage X3 and Sage 500. In this post we will review what you should expect if…
How to Open a New Fiscal Year in Sage X3
In this blog post, we’ll show the steps Sage X3 users need to take to create and open a new Fiscal Year, as well as how to open the periods of that year. How to Open a Fiscal Year in…