Boost your winery’s business power
6th September 2024
As your winery grows and your attention turns to ensuring its long-term financial success, it may be time to invest in business management software.
Wineries, on a day to day basis, are focused on their core purpose for being in business: making an exceptional bottle of wine.
To this end, they may have many systems already in place.
They have an excellent approach to vineyard management, a sound selection process for raw materials and modern production management systems for producing that great bottle of wine.
However, as the winery grows, winemakers find that their attention turns from the art of making wine to the business of both selling it and investing in the infrastructure required to ensure their long-term financial success.
It is at this point that many wineries look to invest in an end-to-end business management software solution such as Bevica.
How can a winery benefit from a business management system?
Business management software solutions (also known as enterprise resource planning software systems or ERPs) offer growing businesses the ability to manage all their financial and operational business systems and processes within one comprehensive software solution.
While implementing this kind of software solution can be a substantial investment for growing wineries, the business benefits achieved will outstrip the time and money spent installing the system.
These include:
A solid finance and accounting system – At the heart of any great business management system is a complete finance and accounting solution.
A system like Bevica can offer wineries all the financial features and tools they need to manage their business effectively, the company says.
This should include chart of accounts and general ledger as well as budget allocation, cost accounting and cashflow forecasting functionality.
Integrated financial and operational systems – When investing in a business management system, wineries will not only benefit from the system’s financial feature but also from the numerous operational functions that are included in the system.
Inventory management, duty control and warehousing, purchasing and sales as well as CRM come as standard in a business management system like Bevica.
In addition, the information and data included within this functionality will automatically feed into finance and reporting teams.
Guaranteed tax and duty compliance – Moving to a business management system will help wineries stay compliant with wine industry regulations and reporting requirements, as well as HMRC duty obligations.
A good business management system is set up so that standard transactions (such as sales and purchase documents) as well as warehouse operations all feed into the HMRC records required for all standard and audit reporting requirements.
Some systems, including Bevica’s, also create W5/W5D duty declarations as needed and automatically generate W1 compliant month end reporting.
Seamless connection with multiple routes to market – All wineries sell their products in many different ways.
Whether it is via a distributor, at the cellar door, at events or online, using a comprehensive software solution ensures that wineries can track the sales they are making and also ensure the business has a clear picture of how much stock is still in hand for future sales.
In addition, the system’s integrated CRM allows the winery to collate information on customers and have a clear picture of who is buying what and when.
System scalability to ensure business future proofing – All businesses want a system that can grow with them. Bevica says its business management system has the capability to do this.
It has the flexibility to accommodate your future needs, with regard to required functionality and number of system users.
Long-term system stability and security – Robust security features are a must for any winery that holds proprietary or sensitive business critical data.
Moving to a modern business management system will ensure that business data is held on software that offers data encryption, user access controls, regular data backups and disaster recovery redundancies.
In addition, the business will benefit from regular system updates, new features and maintenance which guarantees long-term system stability.
Unleash your business power
Bevica is the cloud-based business management solution created specifically for wineries and other businesses in the wider alcoholic drinks industry.
Powered by Microsoft Dynamics 365 Business Central and its essential ERP functionality, it has the features and functionality that wineries need to boost their business power:
- A complete finance solution with all the features and tools necessary to manage your business. This includes sales, purchasing and stock functionality that links directly to your GL accounts
- Speciality alcoholic drinks industry features included as standard: comprehensive duty management and warehousing, enhanced inventory control (including lot tracking and management), and specialised item information
- Seamless integration with the wider Microsoft ecosystem, including Microsoft 365 productivity apps and the Power Platform
- Built-in integration with omnichannel sales solutions such as Shopify (covering ecommerce, cellar door and event point of sales)
- Easy scalability for future proofing – your Bevica system grows as you grow.
The Bevica team say they have considerable experience of working both in and for the drinks industry.
This means they have an excellent understanding of the industry’s particular wants, needs and business processes and have built a system that meets them.
To find out more about Bevica and discover how it can boost your winery or vineyard’s business power, email the company at hello@bevica.com, visit www.bevica.com or complete the online request a demo form.
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