How Financial Services Firms Stay Efficient with SunSystems Inventory

Posted by Rick Yvanovich

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If your company is currently utilizing SunSystems, you already appreciate the benefits of an integrated and robust platform. However, you might not be aware that SunSystems offers an Inventory Management module that could revolutionize the way you handle inventory-related tasks within your financial services business.

Table of content

I. Inventory Management for financial services

II. Infor SunSystems Inventory module vs Dedicated Inventory management software

III. How SunSystems Inventory empowers financial services firms

Inventory Management for financial services

While a financial services firm might not deal with traditional physical products like retail stores, they do often have various types of inventories crucial for their operations such as: 

  1. Office Supplies: Ink cartridges, printer paper, binders, and other everyday office supplies.
  2. Marketing Materials: Brochures, flyers, promotional items used for client acquisition and retention.
  3. Branded Merchandise: T-shirts, mugs, and other items with the company logo used for employee morale or promotional giveaways.
  4. Technology Equipment: Computers, laptops, tablets, and related accessories used by employees.
  5. Maintenance Supplies: Light bulbs, cleaning supplies, and other items needed to keep the facility operational.
  6. First-Aid Supplies: Essential for ensuring workplace safety.
  7. Breakroom Supplies: Coffee, tea, snacks, and other items stocked for employee breaks.
  8. Security Supplies: Secure document storage solutions, access control cards, and other security-related items.

By effectively managing this service-specific inventory, businesses can ensure they have the resources needed to deliver their services efficiently and maintain a high level of customer satisfaction.

The good news is you do not need a dedicated inventory management system to achieve that. Your trusted SunSystems also offers a seamlessly integrated inventory module that can meet your financial services business needs

Infor SunSystems Inventory module vs Dedicated Inventory management software

Here's why you should leverage the power you already have, instead of adding another software layer:

1. Seamless Integration

By choosing the Inventory Module of SunSystems, you leverage the power of seamless integration with your existing financial module. Imagine – real-time updates between inventory, purchasing, and accounting. No more data silos or manual data entry and reconciliation! This translates to improved financial accuracy, better cash flow management, and ultimately, better decision-making.

2. Cost-Effectiveness

Adding a dedicated inventory solution means additional upfront costs, ongoing subscriptions, and potential integration fees. SunSystems Inventory leverages your existing investment in SunSystems, maximizing its value and minimizing your overall software spend.

3. Simplified Operations

Managing multiple software solutions can be a headache. SunSystems Inventory simplifies your operations by offering a familiar interface within your trusted SunSystems environment. Training becomes easier, and your team can focus on excellent customer service, not wrestling with different software platforms.

4. Streamlined Processes

SunSystems Inventory Module offers a comprehensive suite of features tailored to streamline inventory-related processes specific to service-based businesses. From tracking inventory movements across different locations to managing product profiles and batch control, SunSystems empowers you to optimize inventory levels efficiently.

5. Customization and Flexibility

SunSystems Inventory Module provides customizable options to tailor inventory management processes according to your business requirements. Whether you need to define multiple cost values, set up automatic inventory allocations, or create user-defined forms for transfer orders, SunSystems offers the flexibility to adapt to your unique inventory management needs.

6. Real-time Visibility

With SunSystems Inventory Module, you gain real-time visibility into your inventory levels, movements, and financial implications. This enables you to make informed decisions promptly, respond to inventory fluctuations effectively, and maintain optimal inventory levels to support your service delivery operations.

6. Vendor Support and Updates

By choosing the Inventory Module of SunSystems, you benefit from ongoing support and updates provided by a trusted vendor with a proven track record in financial management solutions. You can rely on timely assistance, regular software updates, and access to resources to maximize the value derived from your investment.

How SunSystems Inventory empowers financial services firms

You might wonder if a dedicated solution offers more features. In most cases, the answer is likely no. SunSystems Inventory provides robust features specifically tailored for financial services industry. Here's how it empowers you:

1. Track Essential Supplies

Manage everything from printer cartridges and secure document storage solutions to marketing materials and access control cards, ensuring you have what you need to deliver exceptional service.

Optimize Branch Inventory: Ensure each branch has the resources it needs to operate efficiently. SunSystems Inventory provides real-time visibility into inventory levels across your network, allowing for centralized control and optimized stock allocation.

2. Enhanced Project Management

Allocate marketing materials and other resources precisely to specific client projects. This ensures accurate cost estimates, project profitability, and ultimately, happy clients.

3. Improved Regulatory Compliance

SunSystems Inventory helps maintain accurate records of all your inventory, simplifying audits and ensuring compliance with industry regulations.

4. Enhanced Reporting and Visibility

Gain real-time insights into your inventory levels, usage trends, and costs. Use this data to optimize your inventory holdings, minimize waste, and make data-driven decisions for better service delivery.

SunSystems Inventory isn't just about managing physical products; it's about managing the resources that empower your service excellence.

Ready to streamline your operations and unlock a new level of control with SunSystems Inventory? Request a SunSystems demo today and learn how this integrated solution can take your business to the next level.

Request an Infor SunSystems Cloud Demo

Topics: Financial Accounting Management Software, Infor SunSystems

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Rick Yvanovich

 Rick Yvanovich
 /Founder & CEO/

With TRG International Blog, it is our mission to be your preferred partner providing solutions that work and we will make sure to guide your business to greatness every day.

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