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agricultural software solutions

Why Better Data from Agricultural Software Solutions Can Lead to Success

Family farms make up the majority of our agricultural industry.  As of 2019, the USDA reported that 98% of farms in the U.S. are family farms (defined as farms owned by the operator and individuals related to the operator.)  90% of all U.S. farms are considered “small family farms” generated less than $350,000 in gross cash farm income (GCFI). The overall number of farms in the U.S. has been steadily declining.  In 2000 there were...
accept Bitcoin for payment

Soon You’ll Be Able to Buy a Movie Ticket with Bitcoin. How about Cigarettes, Soda, and Gas?

In August, AMC announced plans to accept Bitcoin for payment at all United States movie theater locations.  To accept this cyber currency to pay for movie tickets, the chain must implement an IT system able to translate the current value of bitcoin to determine ticket prices and handle the exchanges of the coins.  There are several types of cyber currency, and they all work in a relatively similar manner.  For simplicity’s sake, this article refers...
shopping experience

Technology Can Improve the Shopping Experience Within Your C-Stores

Convenience Store Magazine recently released an industry research report to uncover shifts in consumer behavior from 2020’s COVID-19 timeframe through 2021.  In short, the quest for convenience store sales is still challenging.  In fact, only 14% of consumers report visiting convenience stores more often than before the pandemic, even after the influx of c-store shopping in 2020. It’s up to convenience store owners to continue to focus on elements that will drive shoppers to their...
Successful Change Management

Want to Know the Secret Behind Successful Change Management?

If you think people hate change, you are wrong.  How many times have you been a part of a new software implementation, a significant change in operational policy, or organizational restructure and experienced lackluster results or failure?  Likely someone along the way said, “People just don’t like change.” The truth is people love change.  If they didn’t, we wouldn’t have a booming DIY home improvement industry or abundant options for weight loss programs.  With the...
Can Accounting Be Outsourced

Can Accounting Be Outsourced?

Yes, and Here are Five Reasons it Makes Sense for the Petroleum Industry. If your business is like most, your list of challenges includes working smarter, achieving greater efficiencies, and generating higher-margin product sales.  One way to do that is by focusing resources on your core competencies and then finding solutions to outsource the rest.  If you aren’t outsourcing your accounting function, now is the time to consider it. It allows you to do what...
Enterprise Resource Platform

What’s Holding You Back from Managing with an Ag Business Enterprise Resource Platform

Running a successful ag business requires juggling important information about multiple facets of your company.  From tracking machine performance and crop ratios to managing the health and breeding of a herd, there is data everywhere to be compiled and analyzed.  Adding to the complexity is information for material orders, substance applications, employee scheduling, payroll, sales, and delivery.   An Ag business enterprise resource platform (ERP) solution can be a digital partner to help you manage your...
Data-Driven Decision Making

Data-Driven Decision-Making Will Route Your Path to Success

Your business decisions are only as good as the data you have at your fingertips.  In fact, your ability to get good information about your company’s sales, cash flows, CapEx and OpEx, and forecasted trends will likely make the difference between meeting and exceeding annual goals or sucking wind.  Stress and anxiety about decision-making are some of the #1 things that keep leaders up at night. The good news is that there are tools and...
ag business

Success in Ag Business Requires Strategic Pricing Decisions

To be successful in farming, you not only need to be an expert in planting and growing healthy crops, but you also have to be a mastermind at managing a broad spectrum of risks.  Just a few of the “things that keep us up at night” in the Ag Business industry include: Dramatic changes in weather conditions and rainfall patterns, International trade policy, Supply chain stability, Federal and State regulatory changes, and Staffing resources. For...
Lubrication Management

Software Can Optimize Lubrication Management for Your Business

Lubricants and additives keep your business running smoothly--quite literally, in fact!  Selecting the proper lubricant for the job and tracking machine performance for optimal preventative maintenance will help your company save money while generating the greatest output. Improper maintenance in regards to lubrication leads to early damage and excessive wear and tear on motorized parts.  For example, inadequate lubrication on bearings causes several problems, including discoloration, scoring and peeling, excessive roller end heat, and total...
Ag Retail

Is Your Ag Retail Company Taking Advantage of Consolidation Trends to Achieve Success?

Mergers and acquisitions have consolidated several industries, and Ag Retail is no exception.  Companies seek M&A opportunities for many reasons, but four primary archetypes noted by McKinsey & Company across sectors over the past ten years include: Like-for-like acquisitions - purchasing a direct competitor who plays in the same categories and channels and serving similar consumers to gain scale and unlock cost synergies. Category or channel expansion - buying into a new category or channel...