Just Water International reports loss
Just Water International Ltd has announced a $721,000 net loss after tax in the six months to December 31 from a $1.336 million profit last year.
Revenue fell 1.4 percent to $17.9 million. The company is not paying a dividend.
The company said that problems with its ERP computer software system had an enormous impact during the period and were continuing.
"Unfortunately, many companies and individuals will use any excuse to delay paying their bills, and problems with the implementation of the ERP system has added to our increase in receivables."
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no one suggests putting in an ERP system is easy. Nor is collecting ones debts. the two are not however related. get the sale rep to go to the store pick up the stock, get hold of baycorp and then dont accept new customers until you have your credit policy working properly.
As for the ERP story, this is a 1980s excuse, need a new IT team if this sort of behavior is being observed. tough love amigos
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