Page 12 - Beverage Master December January 2020
P. 12

Craft Beverage


                                                      updated and shared between team members without the need to
                                                      manually input reports or be in the same physical location. Cloud
                                                      applications are also being built with an open-interface approach
                                                      which allows for more seamless integration amongst individual
                                                      solutions.

                                                        Business processes that are commonly handled in the cloud
                                                      include:

                                                      •  Accounting and General Ledger Management- Such as: Sage
                                                         Intacct, QuickBooks Online

                                                      •  Accounts Payable- Such as: Bill.com

                                                      •  Expense Management -Such as: Expensify, Nexonia


                                                      •  Inventory Management- Such as: Ekos, OrchastratedBEER

                                                        How leveraging those tools can provide data-driven insights
                                                      while saving you time and money:


                                                                     Real-Time Data and Reporting:

                                                        Because cloud-based technology can be accessed from anytime,
                                                      anywhere, the data really is “at your fingertips”. This accessibility
                                                      is becoming increasingly important as the competitive landscape
                                                      continues to intensify in the craft beverage space. The ability to
                                                      integrate your existing applications with multiple cloud solutions
                                                      allows for a comprehensive view of your data (i.e. sales, opera-
                                                      tions and finance) and thus, enables you to make timely intelligent
                                                      business decisions. Plus, you can use these tools to create tailored
                                                      management dashboards with customized reporting capabilities –
                                                      so you see what you want to see on a regular basis.

                                                        Taking it one step further, the ability for craft brewers to access
                                                      data in real time also makes that data more useful in identifying
                                                      trends, comparing results to industry benchmarks, monitoring key
                                                      performance indicators and, ultimately, being a better business
                                                      partner to your distributors and retailers.

                                                                      Automation and Scalability:


                                                        Most growing craft breweries tend to run lean and have limited
                                                      personnel resources. In these cases, leveraging innovative tech-
                                                      nology to streamline finance and accounting functions and reduce
                                                      the need for manual processes can be very beneficial. For exam-
                                                      ple, cloud-based accounting software typically automates process-
                                                      es by importing transaction data on a real-time basis. The cloud
                                                      computing model empowers team members to collaborate and
                                                      share information beyond traditional communication methods -
                                                      allowing multiple facilities and/or taprooms to co-manage produc-
                                                      tion, raw materials, packaging levels and distribution scheduling.



               10    December - January  2020       BEVERAGE MASTER





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