Upgrade your business from tally

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Upgrade your company from Tally

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Transcript of Upgrade your business from tally

Page 1: Upgrade your business from tally

Upgrade your company from Tally

Page 2: Upgrade your business from tally

Only Softwares used by Indian SMEs

More because their pirated copies are available. But Tally is still mainly an accounting software and hardly helps you grow or scale

your business. Its high time Indian SMEs move ahead of Tally.

MS Excel MS Word

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Its High Time Indian SMEs upgrade from Tally

Today in the age of internet it is only the lack of awareness which is keeping the Indian SMEs behind the curve in adoption of smarter business softwares.

SMEs in USA, Europe, China, Singapore, Thailand and Indonesia are so much ahead of the Indian SMEs in terms of their capability to scale their domestic as well as international business.

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Business usingTally

Business usingERPNext

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How ERP can help?

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Increasing sales and retaining customers

• Maintain a common system where follow-up details on each enquiry are captured. This helps to understand what type of customers are giving you enquiries and how you can help them to take a faster decision.

• Maintain a common database of all your customers so that you can send them offers and updates of your new offering or renewals.

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Managing timely deliveries to customers

• Most of the information among SMEs is in the mind of the owner which is not always shared with other people in the company effectively. This result in ad hoc activities and quick fixes, which affects the quality of the product and the service delivered.

• Simple and timely data entry in an ERP can help you plan your operations and save a lot of time and money.

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Managing receivables and cash flow

• There is no systematic tracking of customer outstanding and his/her credit history. This is very critical for an SME where cash is the most important thing. Even to have an outstanding report the owner has to depend on the person looking after administration. This leads to various errors and delay in collection and also higher write offs.

• If a systematic entry of invoice, due date and credit limit of a customer is maintained by deploying ERP solution, the collection period and write offs can be improved significantly.

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Regulatory activities

• An ERP system can give ready reports for filing taxes, profit and loss reports and balance sheets. Also, financial audit becomes very smooth if all the data and supporting documents are available in a single system.

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Impact on your brandThese days, customers are constantly looking at signs that show that they are working with a progressive company.

• IT enables better customer service. With increased communication and data capture, customers are more aware of the status of their purchases and service requests

• IT makes employees more accountable. Customers know that employees are tracked a lot more and hence more tuned towards their requirements

• By having better IT service than your competitors you should to the customer that you are more innovative

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Larger corporate are enjoying the benefits of IT to scale their businesses.

SMEs do not understand software and probably do not have a mindset to invest in their growth.

Hopefully the scenario changes faster!

IT as an enabler

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For More information on how you can grow faster and smarter

Visit http://www.erpnext.comCall: +91 22 65265364 / 65100278

Thank You