iRely

Inventory

Fertilizer and chemicals often have to be contracted in advance. Combined with market volatility, this situation can create a lot of headaches when it comes to inventory management and margin control.

For this reason, all inventory data (including on-hand and committed) is managed in real-time which greatly reduces your risk of shortages and overstocks. Additionally, Summit helps you anticipate future inventory requirements based on historical and contracted data.

Summit also has a set of pricing and reporting tools that help ensure your prices are staying in line with your costs. Value inventory based on weighted average cost. Set prices to cost + amount or percent. With Summit, these tools and more are available at your fingertips.

Management Reporting

As an agronomy manager, you need a quick understanding of where your organization is at any point in time. That’s why Summit provides you with tools to quickly gauge what’s going on and where your attention is needed.

RISK ANALYSIS REPORT

Remaining profitable during market volatility requires keeping close tabs on margins. Summit helps analyze your costs, inventory counts, and margins to uncover your break-even points for each product or class of product.

REVIEW WORK ORDER STATUS

Keep an eye on your production. Quickly see a list of all outstanding work orders. If you would like to maintain/change a work order, you can do so with a click of the button. You can view all work orders or have them filtered out by customer, location, date, or status: open, estimate, hold, ready to apply, or closed.

RESTRICTED CHEMICALS REPORT

Make sure you’re in compliance with state and federal regulations. This report creates a list of customers who have purchased restricted chemicals. The report includes invoice number, date, quantity, price, applicator’s license number and EPA number (if applicable).

INBOUND CHEMICAL REBATE REPORT

Do you need to track and report information on sales to chemical companies and government agencies? Use this report to speed up the process and make sure you are not missing opportunities to reclaim dollars.

TAX REPORTING

Do you currently spend hours filing tonnage taxes manually? Summit’s Tonnage Tax Report offers tremendous labor savings for fertilizer and chemical operations. This report details the information needed to file in single or multiple counties/states. Rest assured you are in compliance with hazardous chemical reporting laws with Summit.

Summit’s tax reporting does not end with tonnage tax. Summit can quickly and easily account for all your sales, inbound, outbound, and prepaid taxes.

AGRIMINE

AgriMine reduces the amount of time and paperwork required to report sales information to chemical and seed companies that is required for marketing (rebate) programs and/or technology compliance. Summit has created an interface to AgriMine’s secure website, eliminating the need for retailers to fill out forms, provide data on spreadsheets, or re-enter information into websites. For more information on AgriMine, visit their website at www.agriminedata.com.

One Solution

PATRONAGE

Summit Patronage is a key component to managing cooperatives. Save time when calculating refund checks and preparing IRS and other government documentation with Summit Patronage. Track sales volumes on which to base refunds as well as stock dividends.

GENERAL LEDGER

Summit General Ledger categorizes and summarizes your accounting data by both units and dollars, so you can easily review various expense or income categories. Compare these categories to budgets or prior periods for up to 5 years. This vital management information can be used to increase the profits of your business by allowing you to spot and reinforce income-generating areas, eliminate waste, locate areas which are over budget, and implement actions for correction. Drill down to the source transaction in Summit Agri-Business from Summit GL, eliminating time spent on researching transactions. Eliminate time-consuming month-end entries by allocating overhead costs to departments based upon percentages.

ACCOUNTS PAYABLE/BANK ACCOUNT

Summit AP/Bank Account imports electronic vendor invoices and inventory scans taken at the store. This saves you time, eliminates duplicate entry, and ensures you only pay for items you actually receive.

Summit also offers EFT/ACH, which allows you to save on checks and postage, and Positive Pay, which ensures that only the checks you write get cashed by the bank. Our recurring voucher entry screen allows you to eliminate manual entries on recurring invoices. Allocate expenses on the voucher level from an account template, so you don’t have to make time-consuming General Ledger entries. Reduce entry errors by matching invoices to purchase orders, so you only pay the appropriate amount.

Perform month-end bank reconciliations electronically to clear your checks and save time.

PAYROLL & TIME ENTRY

Summit Payroll helps you maintain employee payroll information, calculate taxes, handle voluntary deductions, and print payroll checks. Eliminate tedious manual payroll calculations and save time gathering and preparing quarterly and yearly tax information. Summit Time Entry allows you to track employee hours electronically. Hours are tracked and then sent to the home office for Payroll processing. Summit Time Entry also eliminates the need for a time clock and subsequent reentering of information at the home office.

ECOMMERCE

Give your customers the ability to access their accounts online 24/7. Improve customer service while reducing the time you spend on the phone. Summit eCommerce is secure, robust, and accessible through your website in real-time.