ADS Solutions Wholesale Distribution Software Blog

ADS Solutions Partners with Basware to Add Procure-to-Pay Automation to Accolent ERP Software


ADS Solutions and Basware Announce A Partnership That Allows Wholesale Distributors Using Accolent ERP to Automate Accounts Payable and e-Invoicing

ADS Solutions®, a leader in business management solutions for wholesale distribution, today announced a partnership with Basware, the global leader in networked purchase-to-pay (P2P) solutions, e-invoicing and innovative financing services.

ADS Solutions’ Accolent ERP® software is a fully integrated end-to-end ERP platform built on a web
architecture that can be deployed in the Cloud or installed on-premises. Accolent ERP delivers the full suite of functionality required by wholesale distribution.

Through ADS Solutions’ partnership with Basware, Accolent ERP customers will gain access to the leading einvoicing, invoice inquiry, and accounts payable (AP) automated workflow capabilities. Basware’s solution will work seamlessly with Accolent ERP software to allow customers to maximize profit and efficiency, provide access to funding, and establish a strong controls environment. The AP automation solution is very flexible and full-featured, accommodating recurring invoices and support for pre-defined payment plans.

“This partnership allows Accolent ERP customers to maximize their AP efficiency,” said Ann Grace, ADS Solutions Director of Marketing. “With Basware and Accolent ERP, customers can automate their entire AP process flow, saving considerable amounts of time and money. Our customers also gain access to Basware’s business commerce network which connects them to over one million companies across 100 countries, and links them to more than 200 interoperability partners.”

Venkat Bala, CTO at ADS Solutions emphasized the scale and technical flexibility of this global partnership, noting that “Basware’s network supports more than 60 invoice formats, including PDF, EDI, and cXML as well as outsourced scan and capture services and printing solutions.”

According to Tehseen Dahya, Basware general manager, North America, ADS Solutions customers can expect a seamless integration between Accolent ERP and the Basware network. “Transmitting invoices over the Basware network is simple; an account can easily be accessed from the ADS Solutions portal. E-invoicing presents efficiencies and advantages to both buyers and suppliers. Buyers benefit from increased visibility, efficiencies and control over invoices, while suppliers benefit from quicker invoice processing and potentially faster payment and improved cash flow,” said Dahya.

“This partnership allows Accolent ERP’s SMB customers to get access to the leading AP automation solution, and we are proud to have helped ADS Solutions create this partnership with Basware” said Daniel Ervin, CEO of Phoenix Fire.

About Basware

Basware is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services. Basware’s commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. The company’s North American business, Basware, Inc., is headquartered in Stamford, Conn.

About ADS Solutions®

ADS Solutions is a leader in providing powerful, intuitive and easy-to use Cloud ERP software to wholesale distributors. ADS Solutions’ Accolent ERP software delivers fully integrated, end-to-end functionality for wholesale distribution, including sales, inventory control, warehouse management, fulfillment, purchasing, and e-commerce capabilities. Accolent ERP’s functionality is optimized for the Wholesale Distribution market across a broad range of vertical industries. ADS Solutions is headquartered in the San Francisco Bay Area in Novato, CA.

Creative Marketing Liquidates Slow Moving Inventory

Every distributor has been bogged down with slow-moving merchandise at one time or another. Remember when you purchased 10,000 pieces of that part you liked because of the special manufacturer’s deal you got, only to find the parts gathered dust in your warehouse for the next 3 years? Don’t worry: there are innovative ways to liquidate slow moving inventory, and if you need some guidance, your wholesale inventory management software can help you identify the items which move the slowest yet have the highest carrying costs.To begin with, break down your inventory according to typical ABC Inventory Stratification methodologies, or use another framework discussed in our inventory reduction article, which provides step-by-step advice about determining which items to target. 

Then, let go of your guilt, and recognize that you took a calculated risk which didn’t work and now the job at hand is to move these goods. Just follow these 4 liquidation tips to move your slow-moving merchandise out of your closets and into the hands of your customers:

  1. Give your customers a deal on the products you want to move. Depending on your margins, you can give your customers a percentage off, create a buy-one (case) get-one deal, or present added savings if they buy in higher quantities than their previous order. Price reduction is the best motivator for customers, so try to entice them with a sale. Even if your margins are slim on some of these products, it may be worth your while to discount them to clear room on your shelves for higher-margin, more popular items. Keep your warehouse staff informed so they are prepared to pack and ship those targeted items.
  2. Next to a great price, today’s customer can be tempted with breaks on shipping. For a limited time, take a page out of your retailer’s book and try getting creative with your shipping policies.For example, if you already offer two-day shipping, you could give them free next-day shipping on select items. Be certain to clarify that the shipping deal you decide upon as an exclusive offer is available only with the specific products you are targeting. As long as you clearly specify which items receive free shipping, there’s no reason why you have to offer it on other items. Alert your shipping staff about the shipping deal so they know what to expect. There’s nothing that will frustrate a customer more than being charged for something they were told they would get for free.
  3. Pair the ‘snails’ with some of your faster moving products. But before you decide which items to pair, think about how your retailer will be able to market and eventually sell these bundled items. If you have an idea, take the thinking our of their decision and suggest it to them. Your customers love ideas! Create a “hook” and be mindful to make the combination relevant. If you have an abundance of cheese graters, for instance, you could couple them with the cheese plates that are hot sellers. Your packing department will need a heads-up that these two items are being promoted together, so they can prepare the necessary packaging beforehand.
  4. If all else fails, sell your ‘sleepers’ via an online liquidation site. You can even create your company’s own liquidation site, either as a subdomain under your distribution company’s URL or a new one you create just for your liquidation items.

With just a little creative sales and marketing, you will be able to clear your shelves of those pesky, slower-moving items, and free-up cash you need for other, more important things in your business. For 3 decades, ADS Solutions has been the information technology backbone for growing wholesale distributors, providing powerful wholesale inventory management software, medical purchasing inventory software, irrigation supply software, restaurant equipment supply software, janitorial, paper & chemical supply ordering software, and accounting software for wholesale distribution.