Xero saas based accounting software review

Synopsis:

Xero Accounting software is small business solutions for SME sector and successfully operates in many organizations across the world. It’s a web based application and developed in asp.net platform. Supported Mac or Windows operating systems but we can reap the benefits also from ubuntu . Xero include inventory management, payroll, suppliers and customers database and we can generate reports for all. Double entry accounting system , which can support Pakistan accounting standards and Middle East.

Starting price from $ 19 and you can take test-drive https://www.xero.com/signup/       

Features:

Xero Accounting software has lot of features for that would be fit on Pakistan and Middle East small organizations.  

Dashboard

Instantly see all your bank balances, recent sales and upcoming bills.

Multi-currency

Reconcile foreign currency accounts. Gains & losses are calculated for you.

Payroll

Do pay runs and track wage expenses or connect with your payroll system.

Fixed asset depreciation

Easily update fixed assets & depreciation schedules for accurate reporting.

Security

Your data has never been safer. 

Free online support

Unlimited, around the clock email support and detailed online help center.

Financial reporting

Instant, up-to-date reporting with quick links to all the original transactions.

Pay bills

Manage your spending and make bill payments in bulk to creditors.

Expense claims

Handle personal expenses - just review and approve receipts.

Mobile

Do invoicing, expenses and track cash flow on the go.

Inventory

Track stock movements & make invoicing even easier with inventory items.

Retail

Run a simple yet sophisticated retail system with any laptop.

Contacts

See your most important customers & suppliers to follow up right away.

Personal finance

Simple budgeting tools keep you on top of spending & savings goals.

Advantage

Software hosted on the web reduces cost of hardware.  

Good for those companies who would like to outsource IT function.

All features available for small industries to automate Accounting , Supply Chain and Payroll .

Access reports from iphone.

Unlimited users.

Disadvantages

Technical support only available on internet.

No company presence in Pakistan.

No partners exist in Pakistan for technical & implementation support or functional support.

No ownership of software license.

Hope you will like this review please send us your feedback by email or facebook page.

Thank you .

Wallpaper ErpBuzZ

ERP during Recession

With the loaming recession globally, unnecessary IT spending adding billions of dollars annually is no longer an option. This is of great significance for the organizations in the people centric or services sector, where change is frequent and inevitable. With companies contracting up their purse strings all across the globe, selling new enterprise solutions to company prospects is not an easy task. Generally, the IT services growth around the world has slowed down, forcing organizations to move back to basics with an increased focus on cost management and less on business transformation projects. 

However, despite analyst predictions that recession will engulf the ERP market, various recent surveys have shown that ERP projects are and will continue to flourish as long as they can show not just return on investments, but the ability to cope with the demands of rapidly changing businesses, and the ability to make significant changes without high programming costs.

Footwear Retail Solutions

Keeping your footwear store operations in tip-top shape entails understanding your business and knowing how to stay lean, develop season specials, monitor the fast-sellers and implement cost-effective business processes and relationships. You also need the power of Retail Pro to serve the needs of the store and that of your customers — whether one is responding to seasonal buys or simply processing complex transactions at the POS station.

Retail Pro provides footwear store retailers the right business tools
to help compete effectively in an ever-changing and demanding marketplace.Easy to install and use, this flexible, affordable point-of-service software solution helps effectively manage all aspects of your store's inventory.

Among other things, with Retail Pro's footware software solutions you can:

• Manage a large range of merchandise shoe assortments — with ease. Keep track of every item — from seasonal, casual, dress to sportswear and anything in between. Understanding specific merchandise requirements, one can easily track and manage shoe assortments and non-inventory related items. Better buying decisions can be made based on accurate sales information and inventory records.
• Customers and employees are kept happy with item lookups. Speed at time of checkout and delivering better and improved customer service is easily achievable.

Acquisitions

Enterprise Software Acquisitions Rank Companies Acquisitions 1. SAP Top Tier 2. Oracle Peoplesoft, Siebel 3. Sage Tekton, Emdeon 4. Infor SSA, GEAC 5. Microsoft Dynamics, Navision 6. Salesforce.com - 7. Lawson Intentia 8. Unit4 Agresso Coda 9. Epicor Scala, NSB Retail 10. Visma Accountview, Volym

As ERP proved to be a financially rewarding market; ERP vendors started using their cash flow to buy competitors. Acquisitions were so many in numbers, that most of the ERP vendors of the nineties now no longer exist as separate companies. All companies in the Top 10 used acquisitions to gain or strengthen their position. SAP bought Top Tier, Oracle spent lavishly on PeopleSoft and Siebel, Sage bought a host of smaller players. Infor, which is backed by Golden Gate Capital, has bought so many companies that they earned a position above Microsoft on the list. Microsoft did not originally make enterprise software, but decided to get into this growing market by buying some medium-sized players. 
As the Top 5 have been growing in the past few years through acquisitions, number 9 and 10 on the list - Epicor and Visma - are now rumored to be targets themselves. More consolidation is definitely expected for the future. 

Future developments: jumping the SaaS band wagon
A relatively new development is the increased interest in Software-as-a-Service. Both SAP and Oracle have announced a shift of their activities in this direction, spurred by the strong financial results of SaaS companies like Salesforce.com and Netsuite. 
Despite others jumping the SaaS band wagon, we expect Salesforce’s momentum to continue, and a Top 3 position is possible within two years time.

SAP Business All-in-One Delivering Information to Your Fingertips

Time Management System

There are many devices available in Pakistan as we discuss in ErpBuzZ last post . Time Management System is a small software integrated with device and you can generate these reports from this software .   

• Promising Enterprise Level Data Security and Back-Up
• Export all reports in Excel (Attendance)
• Highly Flexible Leave Management Module
• Client/Server Architecture
• Multi-User Environment
• Graphical User Interface
• MS Access and MS SQL Server Support
• Flexible Report Generation Using Crystal Reports

This software easily integrate with other ERP e.g. SAP ERP, SAP B-1, Oracle e-Business Suit and other local ERP e.g. Sidat Hyder ErpforAll , OpenErp , Efro ERP , Simga ERP , SysHCM .

Devices for Time Attendance and Roster

Biometric provides the latest non-intrusive biometric security solutions. These biometric security products incorporate fingerprint, face, iris, voice, and signature recognition. These biometric technologies can be used separately or together in one powerful package to meet your entire authentication and identification needs.

Biometric devices also integrate  with your existing IT environment and third party payroll software's.

Our biometric devices and biometric software products include Fingerprint Time & Attendance, Fingerprint Access Control systems, USB Fingerprint Scanners, Embedded Fingerprint reader Modules, Fingerprint SDK (API), Biometric Computer Logon, Mobile Fingerprint Scanner, Iris Access Control system, Web Based ID, Signature Verification, Voice Authentication Systems

Biometric Access Control & Attendance USB Fingerprint Scanners Biometric SDK (API) Fingerprint Time & Attendance Embedded Fingerprint Modules Biometric Computer Logon Mobile Fingerprint Scanners Iris Access Control Web Based Biometrics Electronic Signature Pad Voice Authentication

For more information and free advice you can contact ErpBuzZ Team .
Thank you. 

TimeTrax (Payroll Software with Biometric Device)

Controlling Labor Costs- Critical Information needs for today's businesses

Businesses today are focusing on optimization of one of their key cost components, i.e., the labor cost factor. Whether it is about being a service-oriented or a manufacturing concern, efficient human resource management controls and translates it into enhanced organizational productivity and also provides an objective basis for Human Resource requirement and planning for the future.

Following are some of the questions that we ask from our prospective clients for an evaluation of their HR requirements:

• Does your business need to track hours for an employee against different cost centers, departments or across multiple facilities to ensure accurate accounting and budgeting?
• Would it be beneficial for your company to manage and track leave, vacation, sick days and other benefit pay consistently for exempt and non-exempt employees?
• Would your managers benefit from having an easy-to-use scheduling system that would improve the efficiency of your operations?
• Does your payroll include complex pay rules for premiums and shift changes that need to be handled by your time and attendance system?
• Does your business require you to bill hours against specific jobs in order to accurately invoice clients for labor costs?
• Does your business require you to calculate payroll on the basis of piece rate, or the no. of jobs completed?

If your answer to these questions is Yes, then what you are looking for is a Time management and payroll system that is build to suit your requirements.

About TimeTrax™:

Serving over 350 satisfied clients across Pakistan in 21 cities and deployed in 13 countries across the globe; including UAE, South Africa, Korea & Brazil, with embedded payroll logic for various industries, TimeTrax is the ultimate software solution for Integrated Attendance, Payroll, Leave & Travel Management. We are proudly assisting companies in building transparency into employee productivity for the last 13 years.

Our customers have realized TimeTrax benefits by increasing productivity in the following areas:

• Automates key administrative processes
• Ensures proper staffing, budgeting and management of labor resources
• Manages labor costs
• Streamlines the payroll process
• Replaces manual time sheets
• Controls overtime

4 Things not to do when educating your ERP staff

Failing to provide appropriate training is debatable. One of the major pitfalls which companies fall into in an attempt to cut back on costs when implementing an ERP system but in the long term this can lead to a reduction in productivity which ultimately means that the company has paid for a system and is not reaping the full benefits from it. Here are things not to do when training your ERP staff . 

1. Educate, not train  

Training staff is much different to educating staff. Training is when you show staff how to carry out a particular task whereas educating staff is when you explain why a task is carried out and this will ensure that the staff have a much deeper understanding of the in and the out of the system thus enabling them to make appropriate changes as and when problems occur.

2. Take advantage of a number of educational methods

People are unique in many ways and one member of staff may benefit more from one training method whereas another member of staff may benefit more from another training method. Make use of a number of training methods such as web based tutorials, user guides as well as holding a questions and answer session.

3. Don’t merge formal training with informal training

Trainers can often mix formal with informal training which shows signs of a poorly laid out training scheme. To make the most of the training process, formal training should take place independently from informal training. Formal training includes the standard training methods such as classroom training and examples of informal training could include embedded training courses within the software that the staff will use as well as context-sensitive help.

4. Education is an investment not an expense

Businesses need to understand that education is not solely an expense but it is an investment which will eventually blossom into a more productive business. It should be understood that for a business to run efficiently all staff must be confident that they can carry out their job proficiently and this can only happen by effectively training and educating staff. In addition to this, education should be more than just a one off event which takes place only when the ERP system is implemented as new developments occur all the time and staff must be made aware of these developments in order for them to meet the on-going needs of the business.

Why Every Company Should Use ERP Software

An Enterprise Resource Planning system (ERP) is sometimes thought of as an expensive software system which needn't be acquired because local information technology (IT) staff can just write the applications the business needs. Here are 5 reasons why every company should use ERP Software: 

1. One stop financial shopping - ERP software pulls all your financial information together for easy access and reporting.

2. Integration and coordination - ERP software integrates your information, avoiding the need to gather data from multiple, independent systems.

3. Ease of learning and use - ERP software has a uniform feel and similar methods are used across all of its modules. This makes it easier to learn as it only has to be learned once. In addition to this, it makes it substantially easier to use, with knowledge transferred from module to module.

4. Flexibility - ERP software with its unified design, adapts to your business as your business grows. Unlike disparate systems, ERP systems are created with growth in mind. Changes are made centrally in a rapid and effective manner.

5. Updates with legal and business climate changes - ERP software is supported by the software vendor which means you will get regular updates as legal requirements change and the business climate evolves. Compliance issues are eased and competitive advantage is maintained without staff being saddled with time-consuming, expensive programming work.

Case Study

The following case study is a composite of numerous real-life situations and illustrates the problems faced by a certain large corporation struggling to cope with independent financial systems.

Company X had taken self-importance in the development of their own financial systems. They had a large information technology staff who had produced separate systems for general ledger, accounts receivable, accounts payable, payroll, human resources, and inventory. The IT staff ran these systems in the Company X data centre, and processed change orders when business needs demanded modifications to the systems. Because each change order had to be reflected in each individual system, typical turnaround time for an average change order was about three months from start to finish. Large changes took longer, sometimes six months or more.

Everything came to a head when the company considered flexible work hours, requiring significant modifications to the human resources system, and these changes rippled out into the other systems. The IT department estimated a year of work to get everything ready if overtime wasn't authorized.

Senior management didn't understand why this should take so long, and hired a consultant to study the problem. The consultant came up with the only possible recommendation: an integrated, flexible ERP system which would easily handle work schedule variations and much more. It would also take a year to set up, but it would properly position the company far into the future and provide untold additional benefits. Senior management eagerly adopted this recommendation.

Integration and flexibility are key in today's competitive business world. An ERP system uniquely provides these advantages, and every business should be using one.