February 13, 2018 1:29 pm | by Loren
Gone are the days of the old accounting books. Gone are the days of carrying office books home. Departments in the company, in those days, were given specific books to carry out their day-to-day operations. Everything used to be updated in the company’s books.
Now everything is online giving you automated results. Every department has its unique destination in the information system. It’s a Paperless business now. Technology has helped the organisation to run smoothly giving real-time solutions and quick access to data.
Information systems capture data, process it and retrieve it when needed. Now we have a software for every specific need. Say bye to accounting books.
Accounting Software helps the organisation manage the company’s budget, capital and operational expenses. It allows you to monitor the assets and liabilities of the company. It helps the company to forecast the cashflow and expenditure based on the previous trends. It shows the resources available in hand and generates reports, profit & loss statements and analytics. It helps the company to stay profitable.
HR systems maintain all the information that HR personnel used to do manually in those days. It will take care of all the HR department work like payroll, timesheets, training, employee benefits, HR costs, recruitment, job offers, assignments, retention, employee productivity, employee satisfaction etc.
Marketing information Systems will take care of the sales, interaction with the Dealers, Suppliers and Brokers. It helps generate new business and in the growth of the company. It will also allow you to target a particular audience and helps with market research and customer feedback.
Inventory Management systems will assist in purchasing and sales. For procurement, invoice reports and delivery reports can be generated. It helps in the effective usage of resources for the normal functioning of the organisation.
Operations management will include the procedures and policies to be followed for doing a particular task and making sure the resources are allocated correctly.
Incident reporting is another component of the operations. Making sure workflow stays on track and issues are resolved and do not reoccur.
October 30, 2017 1:38 pm | by Loren
Creating a budget is essential for running your business more efficiently. SapphireOne ERP Accounting Software has a simple-to-use and power budgeting tool that is designed to create budgets for small, medium and large sized businesses. It gives you a clearer picture of day-to-day operations. It will help you with maintaining your cashflow efficiently.
Budgeting is Essential in Business
Whether you run a small medium or large sized business, managing your finances efficiently is absolutely critical to operate your business. A good business budgeting system helps you to identify where to spend your money and where savings can be made. That is where budgeting comes in.
Budgeting will assist you with predicting your company’s income and expenses. Business Budgeting will help you identify months when your business is doing well, when your business is slower and when you have more expenses so you can organise your finances.
Budgeting helps identify when you need to save cash or organise some funding to make sure that your business’s cash flow is balanced at all times. If you have accurate financial information, you know where you stand at any given point in time. That is where SapphireOne budgeting tool makes a real difference. It can assist to boost and maintain your business’s profitability.
Manage your business’s budgeting with SapphireOne ERP Accounting Software
With the budgeting tool included in SapphireOne ERP and Accounting Software, you can:
- Know where your business budgeting is heading
- Ease administrative burdens, leading to reduce operating costs
- Get the data you need to set and measure realistic goals
- Analyse past performance and predict your business or organisation’s future
- Get detailed information about all your budget elements, such as cost or expense, resource and income or revenue plans
SapphireOne ERP Accounting Software’s budgeting tool will help you to save on your business’s spending and organise funding when necessary to keep cash flow moving in the right direction. It also helps you to plan a well-structured budget to keep track of your company’s performance against targets you have set yearly or even monthly and weekly.
While a spreadsheet can be a way to budget and a simple-to-use tool to use for budgeting, a good Accounting Software takes much less time and effort to organise a well-structured budget. SapphireOne budgeting tool can export data to an Excel spreadsheet as well as import data or financial information from a Excel spreadsheet. Our software will do all the calculations. It provides budget reports, graphs, charts and many other features.
What Makes SapphireOne budgeting software stand out from its competitors?
While money management or budgeting software typically comes in a stand-alone version, SapphireOne ERP Accounting Software is a complete package. It has a budgeting section that allows you to plan income and expenses on a weekly, monthly and yearly basis. SapphireOne is the complete business, ERP, CRM, and accounting software package. There are no additional bolt on modules, so you get everything.
SapphireOne is an established ERP software vendor that specialises in providing Financial Management System for any enterprise. It can be integrated into the existing financial information architecture, and can provide maximum security, while giving the opportunity for real-time access to information.
SapphireOne financial software is highly-scalable, and supports unlimited users concurrently. It includes all standard features in both Sapphire single user and SapphireOne client server for managing financial systems.
Budgeting features of SapphireOne enables you to manage and maintain your cash flow based on the accurate information regarding your expenses, income, payroll and financial situation.
Here are some ways SapphireOne’s budgeting system can help your business:
- Shows expenses and income month by month
- Organises detailed yearly profit and loss statements
- Identifies where your money is going
- Keeps track of your day-to-day spending
- Maintains cash flow efficiently
- Makes sure you stay on top of all your cash
- Keeps better track of your expenses and income each month so you can better manage cash flow
- Keeps track of your company’s performance against targets
- Job Project budgets
- Revised budgets at GL and Job Project level
Whether you have a small, medium or large sized business, a good budgeting system is designed to help you spend and save both safely and wisely. Discover how SapphireOne ERP, CRM and Business Accounting software suite can help your business by requesting a live demo today.