Due to technology’s constant evolution, keeping up with the times poses a real challenge to many businesses. This is especially true when trying to stay efficient and accurate in Management Accounting.
In a survey conducted in 2011, nearly one third of accountants surveyed showed concern towards their business’ ability to incorporate technological change.
For the small and medium-sized enterprises, limited resources is a big reason why acquiring the latest accounting systems is put on hold.
Today, SMEs face significant challenges in relation to IT Solutions. The accelerating pace of innovation brings about many short-lived IT products and expensive offers, which can create unbearable pressure on the IT budgets of small and medium enterprises. Therefore, the right management software is ideal for businesses looking to be more competitive in the global market, where competition is fierce especially nowadays where prices of goods and services are low due to the low labor costs. Many business owners are looking for an affordable, user-friendly solution that is continuously updated and where their time could be spent focusing on their business needs rather than on any IT hassles and worries.
The growing mass of data generated by businesses is a real challenge. The lack of effective tools to identify trends hidden in the large amounts of information1 often prevents companies from identifying strategic information critical to their competitiveness. Fortunately, technology now makes it possible to meet this gap using Business Intelligence tools that are capable […]
As in anything else, when you talk of “free inventory management software “, the free-of-charge option sounds extremely appealing!
Accessibility of the free inventory management software (downloadable from the Web), a wide variety of products, their zero cost and user-friendliness may be enticing to an executive to choose the free option over a system that requires payments.
However, before taking action and downloading a free inventory management software , any manager should weigh the pros and cons of this option, which in reality, has more drawbacks than actual benefits.
