In business, the accounting field has seen a rise in productivity as accounting professionals begin using some of the best invoicing software for small and medium businesses.Whether it is a small, medium or large scale business, accounting software has helped ease the workload and get rid of large amounts of paperwork in the process.
Having documented and properly prepared financial reports and automating several otherwise time-consuming procedures can only improve efficiency. A good invoicing program has key features that help accountants and other financial advisors consolidate their numbers into an easy overview. Let’s take a look at some crucial features that are needed in an effective invoicing software.
Every business is unique and has its own practices and procedures. The best invoicing software for small and medium businesses must be able to adapt to the company policies with customizable features. Programs and enterprise software needs to match with the businesses rather than the other way around.
You can have the most advanced and proficient software in the industry but if it isn’t intuitive or easily accessible, it will be of very little use. A good program is easy to use and simple to pick up while still being complex enough to give users a rich and thorough experience.
When it comes to accounts, it is very important to be able to keep track of the status of invoice and have clear communication with your suppliers. The best invoicing software for small and medium businesses should provide both parties with visibility of the payment status as well as having the facility to sent automated updates to the supplier once invoices have been approved for payment.
Having to deal with the financial aspects of a business, it is vital to take into consideration the current financial rules and regulations of the nation it is employed in. In the case of Dubai and the UAE, any invoicing software will need to be VAT (value added tax) compliant.
If invoicing software includes all these features as well as other important ones, it will prove to be very useful for businesses. If you’re looking for the best invoicing software for small and medium businesses, look no further than ISP. It features all the points mentioned above and more. To find out more about how you can make your companies invoicing process more efficient, click on the button below.
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Originally published Sep 12, 2018 3:32:04 PM, updated November 19, 2019
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Over the years, we noticed that businesses initially choose solutions that tick all the technical boxes or ones that are least costly. However, emphasis should always be placed on tools that are simple to use, efficient, & that provide a good user experience. We urge our customers to pay close attention to the user experience, especially when it comes to having a return on their investment in remote working.
Not doing so will put your business at a risk of increased support costs as employees become less productive while trying to figure out how to utilise the business’s technology.
On the operational side, there are 3 categories of platforms that we believe are essential:
Foundations of remote working
Systems of record
Systems of engagement
Laptops
Internet Access
VPN: A Virtual Private Network is imperative to remote working as it creates a secure, reliable, & safe connection between the employee & the organization’s resources.
Storage Platform: Every organization needs a cloud storage platform such as TechnAdopt to enable file sharing and easy access for all employees.
Productivity apps: Teamwork is the number 1 pillar of business in which it involves using shared assets like documents, reports, infographics, & structured & unstructured data. These assets can be created with the likes of the popular office suites like Microsoft Office365 in addition to document management systems, corporate intranet, HR Systems, CRM, & ERP to name a few.
Simple Strata: With this shift in work norms, companies might not have the instant visibility on the efforts taken by an employee to complete a certain job, & consequently might not know what to improve first. Our systems will detect causality and based on that, will analyze and provide reports to identify the employees who are facing difficulties in performing their jobs in comparison to others. With this visibility, the company will be able to adjust its new processes or provide support for employees who are facing challenges in the most suitable way.
ESP: The Enterprise Submission Platform is a linear workflow that enables function owners to automate their business processes without reliance on IT personnel. This platform will allow users to create requests and approvers to approve them from any location with the use of the web or the app. It is necessary especially in remote working situations as operations need to keep moving regardless of the whereabouts of users.
Engagement Pro: Engagement Pro is an application that helps you plan, organize, & track projects - all in one visual, collaborative space - to increase visibility & alignment within team members. This tool facilitates remote collaboration on projects.
Opportunity Pro: Every company with a sales department surely should use a CRM platform. Opportunity Pro enables the sales team to improve their winning rates by having accurate forecasts, details about customers & their needs, & keeping track of all actions taken & planned in order to close a deal. Rather than managing each sales team member individually, managers will be able to have top view visibility on all the pipeline remotely and will be able to review team members accordingly.
Mobile Apps:
As we live in the age of a “smart phone take-over”, it is essential that our work is accessible from the number one tool we use constantly. Whether at home or outside, employees should have the option to interact with team members via their phone.
Similarly, employers should expect their employees to have access to their work from anywhere, especially given the remote working situation. For that reason, all of our recommended products are available as mobile apps in addition to web as we have anticipated that a time will come where reliance will be solely on smart phones. We like to think we are pioneers in this field. 😉
Emails
Idenedi: A communication tool that provides an enjoyable user experience is one that sticks. Idenedi is a tool that has proven to be one of the most requested platforms as it combines ease of access with ability to deliver critical information. While emails remain the number one tool for exchanging work-related documents, they are lacking in the push notification department.
With Idenedi, managers will be able to pass important announcements regarding changes in the work environment with absolute assurance that employees will be notified. This is crucial especially in remote working as managers can track to check if important messages have reached everyone. They can even create a space for team members to interact in the comments section, and soon via chat.
As we have provided our recommendations for the infrastructure on the operational side, we also believe that there are steps to be taken to prepare teams mentally for this sudden shift in our work space.
Check out here our tips on how to adapt in the time of a global pandemic.
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Why Invest In Project Management Software?
When a project is executed, every single team member - from the stakeholders to the client and project managers to solution experts - base their decisions on only one single goal – project success. While the parameters of project success may vary greatly from one engagement to another, the generic measures remain the same – a quality emphatic timely delivery, within budget and with a joyful experience.
So with the highly skilled and qualified resources, diligently groomed product backlog and carefully determined tasks, the project should go off like clockwork, right?
WRONG!
Even with the best minds and healthy work ethics on a project, without the right tools, you will end up wasting valuable time, money and energy on repetitive tasks and manual data collection.
Problem
Meet Owen.
He runs a growing business with mobile employees and resources scattered remotely across multiple projects across the planet. Business is booming but Owen is struggling to manage the growth. His overhead is rising just as fast as the revenue his projects are bringing in. The mobile resources are spending more and more time pushing paper and spending less time getting work done.
Management has files of inaccurate timesheets. Costs are rising for manpower and productivity, while the timing of the projects is severely impacted. Reports are coming in from the on-the-ground resources with information that is sometimes unreliable, unrealistic and sometimes even unreadable. Poor Finance team members are left to track down contractors, consultants, project managers and service providers to validate the correct information.
Every day Owen and his team are forced to make business decisions based on inaccurate information. They only find out after the fact how much the guesswork is actually costing the company.
They need a better way to manage and measure mobile projects to track costs, budgets, revenues, resources and more.
Solution
Engagement Pro is an application to help you to Plan. Organise. Track. projects - all in one visual, collaborative space - to increase visibility and alignment within team members. It is simple to use and powerful in the office. It gives you the visibility to act in real-time in order to reduce operating costs and increase profit margins for projects.
It accurately tracks resources and productivity as it happens, so you get more reliable information, quicker. It’s that simple. The data is transferred from all users of the system to the servers in real-time helping all the team members accurately track progress and make critical decisions right away.
The visual dashboard and reports make project management a breeze. The project visibility in the office and on the field is at your fingertips. Immediate answers, right when you need them.
We’ve only scratched the surface of what this tool is capable of! Hundreds of users have already joined the Engagement Pro network – What are you waiting for?
Sign up for the most efficient project management tool - today!
Watch this quick tour of the features of Engagement Pro!
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If you are currently struggling with a process workflow that doesn’t necessarily ‘flow’, you are not alone. From our extensive experience with customers from different countries and across various sectors, we realised that there had been a serious hurdle that is holding back companies from achieving highest efficiency in their business operations.
All organisations, whether they are SMEs or huge conglomerates, have processes in place to achieve their business objectives. These processes require a significant amount of resources, system infrastructure, & personnel.
What’s happening is that as this world is almost fully transforming into a digital one, carrying out those processes manually becomes more of a setback than anything else.
Team members become burned out from repetitive tasks, requests get stuck with personnel who are unable to respond for different reasons, issues in processes go undetected and cannot be traced to a source, and as a result, the completion of processes is delayed and efficiency is hindered.
While the above factors pose powerful arguments for adopting an automation solution, there needs to be a certain level of discipline to overcome obstacles that may come in the way. These obstacles can mainly be related to cost or people.
Cost poses a major question mark when wanting to undergo such a transformation, whether it’s a financial or opportunity cost. While business owners may have oppositions due to the costs of implementing an automation software, they will eventually learn that costs savings are along the way in the long run.
However, companies that have taken the first step towards finding the right automation solution should understand that cost savings are not the primary reason to automate processes but rather to improve service to end users. With an improved quality of service, the operational costs associated will also improve and thus companies will achieve their ROI.
We created “The Enterprise Submission Platform” (ESP) keeping in mind the most common customer pain points including:
ESP is a linear workflow system that was created by the Exceeders team to enable function owners that want to automate their business processes more control over creating and managing these processes in a guaranteed short period of time.
The best part is that the task of managing and updating any feature in ESP can be done by the business users themselves, so this eliminated the need to involve the IT Department or even the IT Service Provider in maintaining and updating the system.
Problem |
Solution |
Automation is costly |
ESP has a simple & competitive pricing model |
Automation is time-consuming |
ESP enables creation of processes in minutes & can be up & running in just one day |
Automation requires tedious work with service provider |
After your team is trained on ESP, you will be fully proficient to use it on your own |
Automation systems are rigid/don’t offer much flexibility |
ESP is very highly customisable and can be built to fit your environment |
Automation systems cannot be integrated with other systems |
ESP can be integrated with other software programs & offers APIs |
Resistance from Employees |
We will provide awareness sessions & trainings to prove the value of ESP & how it will make your work easier |
Want to learn more about how you can cut costs and boost operational efficiency?
Why Invest In Project Management Software?
Sharing economy movement has been a fast rising business model over the past few years.
Project management dates back to the early 1950s in its contemporary form, although its roots date back to the latter years of the 19th century. A defined method of project management emerged as companies realized the advantages of organizing job around projects-recognizing the critical need to communicate and coordinate work across departments and professions.