A question most likely on the minds of most small and medium-sized business Finance managers, in relation to its budget.
Small and medium-sized businesses rely heavily on a budget management software. In fact, management systems related to financial control and budget are those that Canadian SMEs use the most.1
Read more
Not long ago, companies managed their computer system internally. However, thanks to recent technological advances, they can now host remotely.
Whether it be a fad or simply a concern on profitability, cloud computing is in fact gaining ground.
Sixty-five percent of companies in the United States migrated to “the cloud” in 2011.
In 2008, the Gartner Group described cloud computing as a change as radical as e-commerce.
The idea has thus been out there for quite some time now.
The small business generally lacks efficient management software.
Even if a company has the financial means to acquire one of these systems, they may be facing other problems. Their software solution may not have all the desired features that the company needs and wants, which make it inefficient and laborious. This in turn wastes staff time and efforts, where it eventually leads to more money wasted.
When it comes to management accounting, the needs of associations are quite different from those of companies and public bodies.
With a significant proportion of their income coming from membership fees, associations may not be able to afford a complete management accounting solution.
In addition to representing a significant outlay, to be usable by an association, accounting software(association) must include applications for the following: Read more
The market for mobile applications for inventory management is booming. Unfortunately, as the supply for these applications increases, not many are being developed with small and medium sized businesses in mind. There are few mobile applications that are responsive to their needs and budget and amongst these options, it is important to learn how to […]
No distribution company today can afford to ignore the potential in online purchasing.
The online store is so popular with consumers that 80% of Web users pre-visualize products before purchasing them.1 Therefore, to meet these expectations, it is all the more imperative for these companies to develop an online store solution that will represent such a growing market2.
However, only 10% of Quebec SMEs, that have 20 or fewer employees, have an online store solution.The situation at the national level is not any better. A recent poll shows that only 22% of Canadian SMEs employ an online store.
This is due to the common belief that most SMEs cannot afford an online store solution or that they cannot find one that will suit their business needs.
This post was updated to reflect current trends and information
With the growing number of attributes that the SMB needs to subsist in the competitive business marketplace (especially if you ply your trade in the manufacturing and distribution sectors), software that specializes in business process integration is worth more than its weight in gold. eCommerce business software like erpwizard, for example, brings together the discrete parts of your business into a seamless, continuous workflow using its automation server and other add-on modules.
