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GoldCraft Regains Control Over Inventory and Sales
with Navision JBMS

Business Requirements that the project solved for the customer
Gold Craft (GC) is a gold jewelry importing and manufacturing company that sells to major jewelry chains and independent jewelry stores. As GC grew, the need for an accounting system that could effectively manage expansion became chiefly important. Although the old system worked, the network and the software constantly crashed and generated incorrect data, which cost hefty maintenance charges. Moreover, the computer consulting firm was frequently unavailable to fix system crashes

In order to handle manufacturing production, and order processing, GC needed a stable and powerful solution. Navision’s Jewelry Business Management System (JBMS) from Business Computing not only supports GC’s core business requirements, but also takes advantage of Windows technology, providing a dynamic, user-friendly interface with excellent customer service.

Gold Craft’s Business Requirements:
• Keep track of daily sales, orders, Inventory shipment and receipts
• Generate invoices by daily gold price, or a fixed gold price
• Report accurately on salesperson’s commissions & split commission between several
salespeople
• Provide capabilities to manage memo or consignment inventory
• Provide capabilities to evaluate inventory and selling price of current gold market
• Provide reports for inventory ordering and sales history reports

Primary benefit for the customer
By switching to JBMS for Navision, GC can report accurately on sales inventory transactions, consignment inventory, salesperson’s commission, and financial reporting. Moreover, since system crashing is no longer an issue, GC doesn’t waste valuable time or money and can focus their efforts on growing the business.

Short overview of solution functionality
JBMS calculates invoices based on daily metal markets. JBMS can lock jewelry based on purchase date’s market price the system allows GC to maintain individual gold labor pricing for each customer. Even if market prices shift, the customer’s price remains unaffected. JBMS also splits or calculates the receivable and generates metal ledgers that keep track of them. JBMS does toll accounting, allowing user to separate labor and good’s costs, which is a common practice in the jewelry industry.

Length of project time from start to finish
Business Computing spent four months implementing JBMS. During this time period, Business Computing met with GC several times to assess their business needs. Once Business Computing identified what needed altering, they administered a mock conversion to ensure that GC’s system could convert accurately into Navision.

Completed Project Description
The conversion worked with great success, providing Gold Craft with the stable solution they needed. Gold Craft is very satisfied with Navision’s JBMS’ performance. Gold Craft now has a stable accounting system that can effectively control business growth without system crashes. Moreover since making the switch to Navision’s JBMS, the system’s reporting accuracy has already paid dividends for Gold Craft.

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