DataCraft News | March 2009 Edition

Take a break to check out the latest information from DataCraft, Inc.
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Get a fresh start this spring!

Note from Monica

    Federal Reserve Bank Chairman Ben Bernanke recently suggested that the recession will “probably” end in 2009. Remember the old song, “Happy days are here again. The skies above are clear again. So let’s sing a song of cheer again. Happy days are here again!”
    Well, maybe not quite yet. 2009 still shows some challenges.
    Demand for capital goods continues to fall (keep inventories low, watch accounts receivable closely). The U.S. auto industry still struggles impacting suppliers (diversify your customer base). Consumers remain cautious as unemployment grows, decreasing consumer purchases (monitor cash, keep the flow positive).
    A friend once said about business, “You have to keep your head in the game.” That’s painfully obvious. Whatever your business’ financial condition is, ignoring it could put you out of business. Know your numbers! If you don’t like them, brainstorm some improvements. Ask others to help.
   We’re moving through a business cycle trough, and happy days will be here again. Know where your business is now; rate its key metrics. This will help you prepare for opportunity before it arrives.

-Monica B. Glenny

New for 2009- DataCraft Webcasts
We're adding something new to the mix in 2009. We're excited to announce that we will be providing on-Demand webcasts through out the year. Some of the topics include Customer Relationship Management (CRM), manufacturing, distribution, and professional and accounting services along with a variety of webcasts on utilizing your current software to its full capability.

Our first webcast "What is Your Time Worth?" on calculating the value of your time is scheduled for late April, stay tuned for more information about how to participate in the webcasts.

DataCraft welcomes John Karvelis to the team!

John Karvelis joined the DataCraft team as the new project manager.

"John's project management expertise is bringing additional focus to the projects we deliver to our clients.” DataCraft president Monica Glenny said. “DataCraft will be able to install software more efficiently saving our clients time during project implementation as well as through increased productivity of their employees."
He brings with him 15 years project management, team development, and IT experience from Newell Rubbermaid in Freeport, Illinois he received his Bachelor of Science degree in computer science from Northern Illinois University.

To learn more about John, visit the DataCraft Media Room and keep and eye out for our new "Meet DataCraft" blog entries to learn more about the DataCraft team.

Don't forget to visit the DataCraft website for information on current promotions!

Accounting Ratios 101
In the world of accounting, ratios give an invaluable amount of information about your company and it's fiscal well being. Accountants use ratio analyzes on a regular basis. These analyzes help to evaluate the financial performance by comparing financial ratios of a business over various periods of time to other businesses in the same industry (click here to continue reading)

Open Systems Customer Excellence Conference
Mark your calendars for the fourth annual Open Systems Customer Excellence Conference June 9-11 in Las Vegas Nevada! At the conference, you and your fellow TRAVERSE and OSAS users will expand your knowledge of Open Systems products, discover ways to improve your business process, and get a first-hand look at the latest products. Whether you're a first-timer or a repeat attendee, you can network with other users and meet Open Systems professionals. For more information and to register for the event, check out our events page.

Ask the Bean Counter
Have a question about business systems, accounting, or those pesky financial ratios? The Bean Counter is here to help! Submit your questions, and our Bean Counter expert will get back to you with an answer.

Just a thought...
"One's philosophy is not best expressed in words; it is expressed in the choices one makes."
- Eleanor Roosevelt

Business Clarity