Financial Archives | Friedman Corporation

Don’t Miss Our LIVE Webinar! Part II: Year-End Physical Inventory

November 14, 2025

| Categories: ERP Software, Financial, Inventory, Manufacturing, Supply Chain Management, Uncategorized

As we near the end of the fiscal year, manufacturers and distributors are preparing not just for financial close, but for one of the most critical operational processes of the season, physical inventory. For businesses running on Frontier ERP, this step is essential for maintaining accurate stock records, ensuring reliable cost of goods data, and setting the foundation for a successful start to 2026. A thorough physical inventory process verifies that what’s on the books matches what’s in your…

Don’t Miss Our LIVE Webinar! Part 1: Year-End Financials

November 13, 2025

| Categories: Accounting, ERP Software, Financial, Uncategorized

As we approach the end of the fiscal year, it’s time to prepare for one of the most important financial events of the season, the Year-end close. For many manufacturers, distributors, and businesses that rely on Frontier ERP, this is a time of balancing books, finalizing reports, and ensuring every account, adjustment, and ledger is properly aligned. A smooth close to your year-end financials doesn’t just mark the finish line for 2025; it sets the stage for stronger financial…

Focus on Financials: Learn How to Install Frontier ERP iStatements

October 23, 2025

| Categories: Accounting, ERP Software, Financial, Uncategorized

Financial reporting is one of the most powerful ways to gain insight into your organization’s performance. But if your team isn’t taking full advantage of the Frontier ERP iStatements feature, you may be missing out on key efficiencies and better visibility into your data. That’s why Friedman Corporation is hosting a live webinar focused on installing, connecting, and running the Frontier ERP iStatements financial module. This session will help users better understand how to set up and utilize iStatements…

ERP Tools for Better Enterprise Risk Management

October 20, 2025

| Categories: ERP Software, Financial, Manufacturing, MES, Supply Chain Management

Managing risk is part of running any successful manufacturing business. Market shifts, supply chain disruptions, compliance requirements, and operational inefficiencies can all affect profitability and performance. To stay competitive, manufacturers need clear visibility into every aspect of their operations, from production to finance to the supply chain. That is where modern ERP tools play an essential role in supporting enterprise risk management (ERM). What Is an ERP System? An Enterprise Resource Planning (ERP) system is an integrated software platform…

How Outdated Cost Estimation Methods Hurt Your Bottom Line

September 29, 2025

| Categories: Accounting, ERP Software, Financial, Manufacturing, MES, Sales Order Management, Uncategorized

Many tools and cost estimation methods manufacturers use can make or break their company’s profitability margin. If cost estimates rely on legacy spreadsheets, static assumptions, or disconnected systems, they will likely result in underpricing, hidden waste, and lost opportunities. To stay competitive, businesses must modernize their cost estimation tactics, refine product costing, and adopt process automation to align estimation with the realities of modern manufacturing practices. The Problem with Outdated Cost Estimation Methods Many manufacturers continue with cost models…

ERP Financial Management Turns Numbers into Smart Decisions

June 25, 2025

| Categories: Accounting, ERP Software, Financial, Manufacturing, Uncategorized

Financial data is powerful for manufacturers, but only when it’s used effectively. With modern ERP financial management systems, companies no longer have to wrestle with spreadsheets or manually compile reports. Instead, ERP dashboards enable teams to visualize real-time data, track trends, and make informed decisions more quickly. Let’s break down how this combination of technology and insight can transform your organization from reactive to proactive for better business success. What is an ERP System? An ERP (Enterprise Resource Planning)…

Shipping Surcharge Hikes: A Wake-Up Call for Manufacturers

June 23, 2025

| Categories: ERP Software, Financial, Make-to-Order, Manufacturing, Shipping, Supply Chain Management, Uncategorized

For manufacturers, the cost of moving products is becoming harder to predict—and harder to control. In 2025, both UPS and FedEx are rolling out major changes to their shipping surcharge structures, putting extra pressure on companies that ship heavy, bulky, or irregular items. These surcharge increases are more than minor adjustments—they reflect a broader shift in carrier strategy. If you’re not actively managing your shipping surcharge exposure, your logistics costs could rise dramatically. FedEx Restructures Shipping Surcharges FedEx has…

8 Signs You’ve Outgrown QuickBooks & Need a Manufacturing ERP

June 9, 2025

| Categories: Accounting, CPQ, ERP Software, Financial, Make-to-Order, Manufacturing, Uncategorized

QuickBooks is a reliable accounting solution for small businesses, often serving as a launchpad for manufacturers just starting out. However, as your company grows, so do your needs, and the financial software begins to reveal its limitations. Whether you’ve been using QuickBooks Online, Desktop, or Inventory Tracker, the multitude of spreadsheets, workarounds, and disconnected systems can only carry your business so far. If your manufacturing operation involves custom products, multi-step production, dealer orders, or multiple locations, it’s time to…

10 Benefits of Frontier ERP Software for Construction Industry

May 19, 2025

| Categories: CPQ, Door Manufacturing, Engineer to Order, ERP Software, Financial, Kitchen & Bath Cabinets, Make-to-Order, Manufacturing, MES, Metal Services, Product Configurator, Production Scheduling, Uncategorized, Window & Door Manufacturing

An ERP software for construction is more important than ever as the construction industry continues to expand. Every part of the U.S. economy depends on building in some way. With $2.2 billion in total spending for 2024 and 8.8 million workers employed, it’s a sector that’s both massive and still growing, rising 2.8% year-over-year as of March 2025. (Source: constructioncoverage.com) Behind that growth are projects packed with moving parts: tight deadlines, subcontractor coordination, material orders, and strict budgets. Managing…

Furniture ERP: 10 Must-Have Features to Improve Operational Efficiency

April 16, 2025

| Categories: CPQ, ERP Software, Financial, Furniture, Manufacturing, Product Configurator, Sales Order Management, Supply Chain Management, Uncategorized

Technology is present in nearly every facet of our lives, from smart homes and window coverings to production tracking and automated manufacturing processes. While tech availability is widespread, it must be used properly to realize the biggest benefits in business. This is especially true for residential and contract furniture manufacturers seeking streamlined operations. Therefore, adopting a benefit-rich furniture ERP system is not just a luxury—it’s a necessity. In this article, we’ll delve into common challenges that can hinder operations…

B2C vs. B2B ERP: Unified Solutions for Manufacturing Success

March 26, 2025

| Categories: CPQ, Door Manufacturing, Engineer to Order, ERP Software, Financial, Furniture, Kitchen & Bath Cabinets, Make-to-Order, MES, Metal Services, Product Configurator, Sales Order Management, Supply Chain Management, Uncategorized, Window & Door Manufacturing, Window Treatment Manufacturing

In today’s evolving marketplace, many manufacturers operate in both business-to-business (B2B) and business-to-consumer (B2C) spaces. As buyer behaviors shift and digital transformation accelerates, companies are under the gun to manage both models efficiently. While the two models share common goals, their requirements differ significantly regarding manufacturing ERP software. To remain competitive, manufacturers need an ERP system that can seamlessly handle both B2B and B2C transactions. This is essential for smooth multi-channel order management, pricing strategies, and fulfillment processes. In…

Optimize Work Order Management and Reporting with Frontier ERP

March 17, 2025

| Categories: ERP Software, Financial, Make-to-Order, Manufacturing, MES, Sales Order Management, Uncategorized

Effective work order management is critical for keeping production on track, controlling costs, and ensuring smooth manufacturing operations. Yet, many manufacturers struggle with outdated or manual work order processes. Those can lead to delays, inaccurate job costing, and a lack of real-time visibility. Without a streamlined system, tracking production progress, labor hours, and scrap can quickly become overwhelming. ERP workflow automation can make a difference in this situation. A top ERP system for manufacturing, like Frontier ERP, automates work…

Frontier eProducts: For Superior Customer Portal Account Management

March 10, 2025

| Categories: CPQ, ERP Software, Financial, Manufacturing, Product Configurator, Sales Order Management, Uncategorized

In today’s fast-paced digital economy, manufacturers need efficient tools to streamline customer interactions and ensure seamless transactions. The Frontier eProduct Suite is designed to enhance customer portal account management. It provides a robust eCommerce ERP solution that integrates directly with the Frontier ERP system. Use real-time data access, secure transactions, and flexible user interfaces for an improved online presence. The Power of Frontier’s eProduct Suite The eProduct Suite includes fully integrated applications that facilitate online business activities. These modules…

ERP for Indirect Spend Optimization: Reduce Costs, Increase Profits

March 3, 2025

| Categories: ERP Software, Financial, Manufacturing, Supply Chain Management, Uncategorized

When manufacturers think about costs, they often focus on raw materials, production labor, and equipment. These are all direct spend—expenses tied directly to making a product. However, indirect spend—purchases that support operations but don’t go into the final product—can add up quickly and impact profits. These costs can significantly affect a company’s bottom line, from office supplies to maintenance services. Managing indirect spend efficiently is key to controlling costs and increasing profitability. Automated processes, centralized procurement, and real-time spend…

2025 Procurement Best Practices Using Your Manufacturing ERP

January 6, 2025

| Categories: ERP Software, Financial, Manufacturing, Supply Chain Management, Uncategorized

As we start another new year full of uncertainties, you must pay particular attention to your supply chain. This includes following procurement best practices for your industry and manufacturing processes. As supply chains become increasingly complex, a manufacturing ERP can cut through the noise. It can integrate with other logistics systems, support product flow, and ensure availability. Efficient procurement processes save money and ensure that production runs smoothly and on time. Let’s explore how to use your manufacturing ERP…

Guarantee a Successful Year-End Inventory With Frontier ERP

December 2, 2024

| Categories: Accounting, ERP Software, Financial, Manufacturing, Supply Chain Management, Uncategorized

As the end of the year approaches, manufacturers face the often-daunting task of conducting a year-end inventory. This process can be stressful, time-consuming, and prone to errors. However, with IBM ERP by Frontier, manufacturers can simplify their inventory management, save time, and ensure accuracy in their year-end counts. Let’s explore how Frontier ERP can make your year-end inventory hassle-free. Inventory Day Customer Communication It’s important to communicate clearly with customers before and during year-end inventory. Frontier can help with…

Frontier ERP Year-End Tasks: Physical Inventory, Financials & More!

November 25, 2024

| Categories: Accounting, ERP Software, Financial, Uncategorized

As the year draws to a close, it’s time to prepare for a smooth transition into the new fiscal year. From physical inventory to closing the books in 2024, it’s a busy time of the year for our customers. We invite you to our live webinar on essential year-end tasks within Frontier ERP. This session is designed to provide a comprehensive overview of how to use Frontier ERP features to wrap up the year. Join us as we dive…

Growing Home Improvement Business Increases Demand on Manufacturers

November 4, 2024

| Categories: CPQ, Door Manufacturing, ERP Software, Financial, Furniture, Kitchen & Bath Cabinets, Make-to-Order, Manufacturing, MES, Product Configurator, Sales Order Management, Supply Chain Management, Uncategorized, Window & Door Manufacturing, Window Treatment Manufacturing

During the pandemic, homeowners focused on updating and upgrading their spaces. This resulted in a huge uptick in home improvement business. Higher interest rates over the past few years caused that trend to wane. However, the recent rate cut has seen the upward trend reemerge as more homeowners look to refinance their homes at lower rates. A new report suggests the renovation and home improvement sector will be big factors driving more activity in 2025. The surge in remodeling…

Why to Connect Your Online Payment Portal With Frontier ERP

October 21, 2024

| Categories: Accounting, ERP Software, Financial, Manufacturing, Sales Order Management, Uncategorized

Since the advent of Internet banking, online payment portals have become the preferred way for customers to pay their bills. However, a secure online payment portal isn’t just reserved for eCommerce stores or utility companies. It is also for manufacturers. As a result, many manufacturers have connected their portals to their ERP systems for a single data source. According to the payment company Stripe, “ERPs can significantly improve internal operations for businesses, and this is especially true when businesses opt…

10 Automated Processes That Will Save You Time and Money

October 16, 2024

| Categories: CPQ, Engineer to Order, ERP Software, Financial, Make-to-Order, Manufacturing, MES, Product Configurator, Sales Order Management, Supply Chain Management, Uncategorized

Time and money. Many people often say that time equals money. When companies seek ways to save, these two areas are at the top of their list, especially for manufacturers. One of the best ways to achieve that savings is through automated processes. Companies often adopt automated technologies since manual processes are a waste of time and money. They generate inefficiencies, preventing manufacturers from maintaining high quality and service standards for both their products and operations. A quote by…

Top 10 Supply Chain Cost-Reduction Strategies

October 14, 2024

| Categories: ERP Software, Financial, Supply Chain Management, Uncategorized

Manufacturers are still dealing with the high cost of raw materials and operations this year, despite slow economic growth. The uncertainty surrounding potential spikes in product and transportation costs from the recent International Longshoremen’s Association (ILA) strike didn’t do anything to calm the nerves. To combat current and future pricing instabilities, manufacturers are turning to supply chain cost-reduction strategies. Effective savings strategies can make a significant difference in a company’s bottom line. From streamlined processes to improved demand forecasting,…

Helpful Tips for Selecting the Best Window and Glass ERP System

October 2, 2024

| Categories: CPQ, Engineer to Order, ERP Software, Financial, Make-to-Order, Manufacturing, MES, Product Configurator, Sales Order Management, Supply Chain Management, Uncategorized, Window & Door Manufacturing

An enterprise resource planning (ERP) system is important for window and glass manufacturers to manage their operations. The best ERP systems improve efficiency and streamline processes resulting in optimized operations across the company. However, window and glass manufacturers have distinct functionalities that must be included with their chosen ERP system. Many industry-specific factors should be considered during the ERP software selection process. Keep reading to discover 5 areas to research when selecting the best ERP system for your company….

Why ERP Accounting Software is Better for Financial Management

September 25, 2024

| Categories: Accounting, ERP Software, Financial, Uncategorized

When manufacturers first start, they often rely on traditional accounting software like QuickBooks to handle their financial management needs. These tools can be effective in the early stages but may reveal limitations as operations grow and become more complex. To address these challenges, you should use ERP accounting software for a more comprehensive and integrated solution that scales with their business needs. Understanding ERP Systems An ERP system is a comprehensive software platform used by organizations to integrate and…

How Product Configurators Eliminate Pricing Hassles

May 15, 2024

| Categories: ERP Software, Financial, Make-to-Order, Product Configurator, Uncategorized

Manufacturers constantly seek innovative ways to streamline their operations and enhance customer experiences. One significant challenge many companies face is complex pricing for customizable products. Traditional methods often involve manual calculations that are prone to errors and can lead to confusion for both customers and staff. However, with product configurators, these pricing hassles become a thing of the past. Product configurators allow customers to personalize products to their exact specifications and integrate with pricing algorithms to automate calculations and…

10 Steps to Efficient ERP Product Costing Management

May 2, 2024

| Categories: Accounting, CPQ, ERP Software, Financial, Make-to-Order, Manufacturing

Efficient product costing management is vital for manufacturers to stay competitive in their respective industries. No matter if you manufacture uniquely designed coffee tables or custom entry doors, it factors into your company’s financial health and profitability. Navigating the complexities of product costing can be quite challenging for manufacturers. Fluctuations in expenses, production process variables, and insufficient data management are just a few obstacles that some may face. However, companies can overcome these challenges with the right strategies and…

ERP & CPQ for Contract-Grade Furniture Manufacturing

January 31, 2024

| Categories: ERP Software, Financial, Furniture, Make-to-Order, Window & Door Manufacturing, Window Treatment Manufacturing

Amidst the evolving designs of modern offices and retail spaces, there’s a growing demand for distinctive, contract-grade furniture. This trend is particularly prominent as companies prioritize aesthetics, functionality, and an immersive experience for their employees and customers. As a result, they are seeking contract-grade furniture manufacturers to provide custom and semi-custom furniture solutions. To ensure that operations are running as efficiently as possible, furniture manufacturing software is a necessity. When coupled with CPQ, an ERP system provides the best…

Critical Custom Manufacturing Year-End Tasks

December 6, 2023

| Categories: Accounting, ERP Software, Financial, Make-to-Order, Manufacturing, Production Scheduling, Uncategorized

The end of 2023 is nearly here. Companies are hustling to fill the last purchase orders before the holidays so employees can take a much-needed break. While many in the custom manufacturing industry would rather be enjoying festivities, critical end-of-year obligations cannot wait. Typical assignments at this time usually include holiday production scheduling, financial closing, and yearly physical inventory. Often these are considered daunting and unpleasant duties for those involved. However, businesses can improve their year-end processes while planning…

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