Friday, March 7, 2014

How Your Business Can Benefit from Finance & Accounting Management Software

1 comment:
If you’re a small business owner, you know the importance of keeping accurate and organized financial records. Just a generation ago, this detailed and specialized work required the hiring of professional bookkeepers and accountants, which often proved prohibitively expensive. Now, even the smallest micro-business can leverage the power of professional-grade accounting software tools. There are several desktop accounting and bookkeeping software solutions from big-name companies like Intuit and Microsoft, but many small businesses are now turning to web-based accounting software applications for their ease of use and cost-effective results. The accounting software solution that you choose will depend both on your business needs and your preferences regarding the sliding scale from maximum interface simplicity to maximum features and power. The right accounting software can be a great boon to your business in a variety of ways.

First, a good accounting software solution can help you finance the growth of your business. Growth inevitably requires purchases, but each purchase must be managed so that you can retain sufficient capital to manage the daily operations of your business. The right software can make your “go/ no-go” decisions on capital expenditures much easier by elucidating the effects these decisions will have on your company’s daily expenses and overall financial situation.

Proper cash flow management is critical to the success of any small business, and this is one area in which accounting software can be a lifesaver. Knowing whether your business is in a strong or weak cash position at any given time allows you to make the best decisions in the moment. When the business is in a strong cash position, you can pursue opportunities and incentives that require liquidity. When its cash position is weakened, you’ll know to protect your interests. Knowing whether to lease or buy property, retail space, and equipment are key decisions that will most likely come down to an analysis of your cash position. When you have greater visibility on incoming and outgoing payments and expense tracking, you can make confident and intelligent calls.

Benefits of using Accounting Software

 - Improves Data Accuracy
 - Helps Maintain Compliance
 - Increased Staff Productivity
 - Lead to Higher Revenues
 - Enhanced Collaboration
 - Automatic document production
 - Accuracy 
 - Efficiency 
 - Cost savings
 - Stock valuation 
 - Sales analysis
 - Budget analysis and variance analysis

Popular and effective Accounting Software solutions

1. QuickBooks

QuickBooks is an accounting software package developed and marketed by Intuit. Intuit has integrated several web-based features into QuickBooks, including remote access capabilities, remote payroll assistance and outsourcing, electronic payment functions, online banking and reconciliation.

2. Microsoft Dynamics

Microsoft Dynamics is a line of enterprise resource planning and financial accounting software applications. Microsoft Dynamics applications are delivered through a network of reselling partners who provide specialized services.

3. SAP Business One

The SAP Business One application integrates all core business functions across your entire company – including financials, sales, customer relationship management, inventory, and operations. Unlike many other small business solutions on the market today, SAP Business One is a single application, eliminating the need for separate installations and complex integration of multiple modules.

4. Multiview Enterprise .NET

In total, Multiview’s Enterprise accounting solution includes 14 modules to help organizations manage its financials, analyze its assets and report on its cash flow through visualized reports. Pricing based on number of users.

5. Sage One

Sage One earned this year's top ranking for offering an all-in-one accounting software. Sage One bundles all the tools businesses need to create, send and track invoices; process payments; manage expenses, link bank accounts and credit cards; generate financial reports; and maintain accounting records. Included in the software is a project management platform, where users can collaborate, share files and manage tasks via the cloud.

6. FreshBooks

FreshBooks is a cloud-based accounting software offering anytime, anywhere access to accounting tools. Its features include customized invoices, expense management, time tracking, accounting reports and tax calculations. With FreshBooks, small busineses can get paid faster with online payments and credit card processing via more than 13 payment gateways, including PayPal. Users can also set up recurring invoices, auto payments and late payment reminders.

7. iERP

iERP is a software to manage small or medium companies, freelancers or foundations. We can say iERP is an ERP or CRM. It's an project built by modules addition (you enable only features you need), on a server. iERP was developed to try to offer an ERP and CRM software. 

There are several feature modules that can be enabled or disabled, as needed. It is a web-based application, and can therefore be used wherever an internet service is available. iERP aims to provide ERP and CRM features for people with no technical knowledge, by providing a simple solution.

iERP includes all the important features of an ERP/CRM suite, except for accountancy. It is modular and is thus characterized by its ease of installation and use, despite the large number of features.



Finally, accounting software should help simplify invoicing and bill management by managing receivables in real time. Modern systems eliminate manual invoicing, relying instead on automation to provide advanced warning when invoices are approaching terms. Best of all, many small business accounting software solutions can do all of this for very little cost.
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Wednesday, February 26, 2014

What Is Virtualization?

2 comments:

Virtualization is proven software technology that is rapidly transforming the IT landscape and fundamentality change the way people computer. Virtualization breaks the bond between hardware and operating systems. It allows you to run multiple software and operating systems on the same computer at the same time. Virtualization can help to increase hardware utilization, reducing capital expenses, energy consumption and operating costs while saving you money. Virtualization is a new technology and requires experience and expertise.

It's pooling a few resources to accomplish the same tasks you once did with many. To put it a different way think of a company with 6 servers, each in charge of a different task like email, storage, etc. Now instead of these servers being computers think of them as people, each person has a different job, one does marketing, one is in charge of mail, another might be the receptionist, either way; each individual has a task and does only that task. While it might be beneficial to have each person doing there own task, the allocation of work is going to be skewed. If for some reason hundreds of phone calls come in today and only the receptionist can answer the phone (their dedicated task), the receptionist is overworked. Meanwhile, the mail room person has a small amount of mail to sort, so they sit idle.

This is essentially how a company with a few servers works, each with their own set of tasks; none of which intersect. But the problem is, how do we fix the fact that the phone receptionist is doing too much work? Well, you could hire another person to help with the workload, but this is going to increase cost and if this spike in activity is only an once in a while thing then it wouldn't make much sense to keep a second person on hand at all times. The other problem is what about the employee that is underutilized? They still have a lot of potential tasks they could do, but are waiting for the instructions. This is the problem most companies faced before virtualization.

What is a Virtual Machine? 

A virtual machine (VM) is a software computer that, like a physical computer, runs an operating system and applications. An operating system installed on a virtual machine is called a guest operating system. Because every virtual machine is an isolated computing environment, you can use virtual machines as desktops or workstation environments, as testing environments or to consolidate server applications. Virtual machines run on hosts. The same host can run many virtual machines.

What is a Host?

A host is a computer that uses virtualization software, such as VMWare ESXi, to run virtual machines.
Hosts provide the CPU and memory resources that virtual machines use and give them access to storage
and network connectivity.


This is a basic conceptional way to think about Virtualization. The practical way is:

 - Less hardware to manage.
 - More uptime, less down time.
 - Disaster Recovery is built in.
 - You can virtualize one server.
 - It is beneficial to almost any IT environment.
 - Less power consumption.
 - More flexibility. 
Read More

Sunday, February 2, 2014

Implementing ERP in Education system

1 comment:
India has made progress in terms of increasing primary education attendance rate and expanding literacy to approximately two thirds of the population. India should aspire for the international standard in education. To achieve that goal it should adopt new modern technology and standards in all educational institutions. Many universities have committed considerable time and resources in modifying their curriculum to incorporate Enterprise Resource Planning Systems. For many universities it has been a struggle even though ERP vendors have developed a number of initiatives to facilitate curriculum development. As companies’ ERP system usage has become more strategic in nature, ERP curriculum needs to evolve to reflect and support this usage. Information Systems curriculum in universities has undergone rapid and continuous change in response to the evolution of industry requirements. However, further in-depth research here seems justified in order to provide useful information for practitioners and a research framework for understanding critical factors and how those factors influence ERP implementation.

PURPOSE OF USING ERP IN HIGHER EDUCATION 

Higher education administrators grapple both with the costs and possibilities afforded by enterprise resource planning (ERP) software, a significant feature given an ERP software implementation’s sustained impact on the academic institution. ERP software applications integrate the data processing across the institution and
automate administrative processes like student registration and financial accounting. However, an ERP software implementation stresses a campus under the best of circumstances. Depending upon the organization’s readiness to accommodate change, the implementation creates great turmoil or promotes sustained changes that help the institution better achieve its mission. As an ERP application implementation becomes a way of life rather than a project with a finite end, campus leaders are well advised to identify implementation best practices in order to increase their chances of success. ERP packages are implemented to manage the existing and prospective business plans and policies in an efficient manner under strict deadlines. It can be referred to as the ultimate business solution package that is predominantly concerned with making sure that the available resources of the organization are utilized in the best possible manner and coordinated with the business objectives of the organization. It is crucial that modern day business organizations have a single unified system, which aims at harmonizing its business efforts. This can prove to be a crucial determinant in deciding the scope, area and net results of the organization as a whole, rather than running many different systems that don't work well together. What makes ERP different from any other business solution package is the presence of a single and unified database system. ERP software is as essential to the needs of a business today as food is for living. The more effective implementation and follow-up, the better are the results. ERP software is needed by all modern-day organizations, irrespective of the size, area of operations and business objectives.

Thus, ERP software can effectively change the outlook of any business organization that exists in today's cutthroat business world. Proper implementation of the ERP software is the key factor, which can benefit the growth prospects of any organization.

ERP IN EDUCATION SYSTEM 

Education is one of India’s prime Industries. While its contribution to nation building is well known and widely reported, its importance in terms commercial value is less appreciated. Apart from being among the largest sectors, education sector is also among the fastest growing sectors of the country. With the enviable combination, of large size and high growth, no wonder education sector is among the most attractive industry sectors in the country today.ERP is an information technology solution that integrates enterprise functions such as planning, financials, sales, purchasing, human resources, logistics, customer service, and manufacturing. For universities, ERP is an information technology solution that integrates and automates recruitment, admissions, financial aid, student records, and most academic and administrative services. By some estimates, 7.5 out of 10 or 75% of ERP projects fail, giving rise to a large body of literature. ERP refers to the use of commercial solutions for both administrative and academic purposes by universities. Typical administrative functions may include human resources, accounting, payroll, and billing. Academic
functions include recruitment, admissions, registration, and all aspects of student records. With the stupendous growth of the education sector, educational institutions are becoming increasingly complex organizations. They are no longer institutions limited to education delivery. Educational institutes are confronted with managing a wide range of activities encompassing marketing of institutes to students for admissions and corporate for placements, managing internal operations (like smooth conducting of classes or recruitment and motivation of the human resource viz. faculty and staff), sophistical financial and cash flow planning, co-ordination with regulatory & statutory authorities etc.

Employee Awareness 
  - Involvement 
  - Recognition 
  - Retention 
  - Selection 
  - Training 
Management Change 
  - Commitment 
  - Communication 
  - Consultants 
  - Cost Control 
  - Decisions 
  - Preparation 
  - Project 
  - Risk 
  - Strategy 
  - Support 
  - Vision 
Organization Benchmarking 
  - Culture 
  - Expectations 
System Conversion 
  - Data 
  - Hardware 
  - Legacy 
  - Life Cycle 
  - Realization 
  - Requirements 
  - Scope 
  - Vendor 
Team Cooperation 
  - Concurrent 
  - Environment 
  - Leadership 
  - Testing 

BENEFITS OF USING AN ERP

First let’s consider the main benefits of an ERP system:
 - Improves access to accurate and timely information
 - Enhances workflow, increases efficiency, and reduces reliance on paper
 - Tightens controls and automates e-mail alerts
 - Provides user-friendly Web-based interfaces
 - Streamlines processes and eases adoption of best business practices
 - Establishes a foundation for new systems and integrates existing systems

A main advantage of ERP systems is improved access to accurate and timely information. As presidents, chief financial officers, or boards attempt to understand a university’s overall performance with existing legacy systems, they may find many different versions of the truth. An ERP system creates a single version of the truth because everyone uses the same system. Furthermore, some legacy systems make developing reports or tapping into transaction data stored on the computer quite challenging. Modern ERP systems often improve upon this process by offering a strong foundation for moving to a data warehouse that can provide even more capability to extract data from administrative information systems. Another reason to consider an
ERP application is to improve workflow and efficiency. For example, following completion of online requisitions, workflow processes can forward the form along the approval path more rapidly than with traditional paper methods. This can shorten the time to complete the process, reduce the likelihood of lost or missing documents, and return quick feedback on the status of a request. ERP systems can also improve
controls and program alerts.

Lunar EduERP


Lunar EduERP is powerful, user-friendly and College/School/Education institute management ERP software for managing the complete workflow of an education institute. It is a web 2.0 client server based application which can be installed on any server and can be accessed from any compatible web browsers online or in intranet based upon the implementation technique.
To know more visit: Lunar EduERP.

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Tuesday, January 7, 2014

Converting Online opportunities into business.

No comments:
The main secret of successful Online Business is - "Web Traffic".

The more web traffic you attract towards your online business, the more sales it will generate and thus the more Income. Internet is all about the game of how many eyeballs you attract towards your web property.

Now, every product that is available on the Internet about "Online Business Secrets" revolves around the core principle of How to attract more web traffic towards your website. Well, there are 2 ways to attract web traffic towards your websites and these are;

  •  - Unique & Quality Content / product & 
  •  - Internet Marketing

Quality content will keep your readers / customers coming back to your blog / website.

Here are few strategies that I personally use to market this Blog and its content. However, there are several other strategies. You can try as many as you want.
  •  - Facebook Marketing 
  •  - Twitter Marketing
  •  - Social Media (Digg, Delicious, StumbleUpon) 
  •  - Articles Marketing
  •  - Google AdWords 
  •  - Facebook Fan Page 

The above tactics are secrets for successful Online Business. Now, you can call it "secrets" if you want. But believe me, anything that you buy online or offline regarding this thing revolves around this same basic principle.

Online Business Opportunities

Internet is the great Business & Investment Opportunity. Many Entrepreneurs are doing their Businesses online now and many Investors around the world are investing in Web Properties (Online Assets) such as Websites, Blogs, Forums, Social Networks & many other kind of web properties.

Unlike traditional offline assets such as stocks, bonds, gold, and real estate, Online assets appreciate much faster and give you much better ROI (Return On Investment) than the offline assets.

There are several Online Business Opportunities. You can grab these opportunities and become very wealthy in your twenties and early thirties if you want. Here are some hottest online business opportunities.

  •  - Blogging 
  •  - Forums 
  •  - e-Commerce Website 
  •  - Dating Websites 
  •  - Social Networks 
  •  - Social Media Sites (Like Digg, Delicious, StumbleUpon & Reditt) 
  •  - Articles Directories (EzineArticles) 
  •  - Video Directories (YouTube) 
  •  - eBay Shop 
  •  - Job Market places (Elance, GetAFreeLancer) 
  •  - Matrimonial Websites 
  •  - Real Estate Websites (Market place for Real Estate) 
  •  - Market Place for Web Properties (Flippa & SitePoint) 
  •  - And many more!

These are just the few most popular business opportunities online. Believe me, there are hundreds of Online Business Opportunities like this.

Due to these kinds of Online money making opportunities, many High School going teens from all around the world are also owning their own successful online Businesses and are making more money than Doctors!

That being said, I am not exaggerating these things. Many high school going teens all around the world are making more money than Doctors, from their Successful Online Businesses. So anyone can take advantage of these business opportunities online and make their fortunes in twenties and thirties.

What I advise to youngster that, Start your own Online Business as early as possible in your life means NOW...!!!! Because the more early you will start your Business, more early it will grow and more early you will become rich and financially free.

I advise Online Business opportunities to some of my friends. They understand the process, but unfortunately, they fail to take any action to start their own Internet Business.

So take Action NOW & start thinking of money making niches (opportunities) by developing a successful online business.


Best Online Business Ideas

After the birth of the Internet, Everything is online now. You can now start your Business Online in the Virtual Space and make much more money than the traditional real life brick and mortar business.

The Best thing about the Online Business is that you can target the whole world and it works 24/7 even without your presence. You cannot run a traditional Businesses by day and night. But you can run an Online Business even while you sleep or travel the world.

Here are some Best Online Business Ideas. After reading these Ideas, you will get a fair idea about which kind of Business you should start.

01) Blog Business
This is one of the best online business ideas. Here you start a blog in any Niche and start posting quality and unique content on that blog. Over the time, you develop a readership and a community around your blog and start making money from it. Many Professional Bloggers from all around the world are making literally 6 figure Incomes every year from their Blogging Businesses.

The Best thing about a Blog Business is that you can apply multiple Income streams on a single blog such as Advertising, Affiliate Marketing, Sponsored events, Paid reviews... etc...

02) Website Flipping
This is the hottest Business Opportunity on the Internet. Many people around the world develop a profitable website / blog business out of scratch and later on sell it for literally thousands and hundreds of thousands of dollars.

Developing a profitable Website requires hours and hours of mind labor and not everyone can develop a profitable web business.

03) eBay Shop
Another great Online Business Idea is an eBay shop. You can open your eBay shop within minutes and start selling anything from 20,000+ product categories. eBay is world's largest online market place which has 200 Million active users every month.

04) Discussion Forums
You can also install vBulletin Forums on your web host and start a Discussion Forum under any Niche. The Best part about the Discussion Forums is that, once it has sufficient number of users, it can run and grow even without your presence. That's because people who discuss topics on your Forum are creating FREE Content for you and thus, you can enjoy a steady and growing passive income without you working hard behind the forum. Of course, initially you have to work hard to market your Forum well.

05) Articles Directory
This is also a great Online Business Idea. Here you launch an Article Directory and people from all around the world will post a Free, unique and creative content for you. Articles Directories also run and grow without your presence. All you have to do is Cash out the checks.
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Friday, March 7, 2014

How Your Business Can Benefit from Finance & Accounting Management Software

If you’re a small business owner, you know the importance of keeping accurate and organized financial records. Just a generation ago, this detailed and specialized work required the hiring of professional bookkeepers and accountants, which often proved prohibitively expensive. Now, even the smallest micro-business can leverage the power of professional-grade accounting software tools. There are several desktop accounting and bookkeeping software solutions from big-name companies like Intuit and Microsoft, but many small businesses are now turning to web-based accounting software applications for their ease of use and cost-effective results. The accounting software solution that you choose will depend both on your business needs and your preferences regarding the sliding scale from maximum interface simplicity to maximum features and power. The right accounting software can be a great boon to your business in a variety of ways.

First, a good accounting software solution can help you finance the growth of your business. Growth inevitably requires purchases, but each purchase must be managed so that you can retain sufficient capital to manage the daily operations of your business. The right software can make your “go/ no-go” decisions on capital expenditures much easier by elucidating the effects these decisions will have on your company’s daily expenses and overall financial situation.

Proper cash flow management is critical to the success of any small business, and this is one area in which accounting software can be a lifesaver. Knowing whether your business is in a strong or weak cash position at any given time allows you to make the best decisions in the moment. When the business is in a strong cash position, you can pursue opportunities and incentives that require liquidity. When its cash position is weakened, you’ll know to protect your interests. Knowing whether to lease or buy property, retail space, and equipment are key decisions that will most likely come down to an analysis of your cash position. When you have greater visibility on incoming and outgoing payments and expense tracking, you can make confident and intelligent calls.

Benefits of using Accounting Software

 - Improves Data Accuracy
 - Helps Maintain Compliance
 - Increased Staff Productivity
 - Lead to Higher Revenues
 - Enhanced Collaboration
 - Automatic document production
 - Accuracy 
 - Efficiency 
 - Cost savings
 - Stock valuation 
 - Sales analysis
 - Budget analysis and variance analysis

Popular and effective Accounting Software solutions

1. QuickBooks

QuickBooks is an accounting software package developed and marketed by Intuit. Intuit has integrated several web-based features into QuickBooks, including remote access capabilities, remote payroll assistance and outsourcing, electronic payment functions, online banking and reconciliation.

2. Microsoft Dynamics

Microsoft Dynamics is a line of enterprise resource planning and financial accounting software applications. Microsoft Dynamics applications are delivered through a network of reselling partners who provide specialized services.

3. SAP Business One

The SAP Business One application integrates all core business functions across your entire company – including financials, sales, customer relationship management, inventory, and operations. Unlike many other small business solutions on the market today, SAP Business One is a single application, eliminating the need for separate installations and complex integration of multiple modules.

4. Multiview Enterprise .NET

In total, Multiview’s Enterprise accounting solution includes 14 modules to help organizations manage its financials, analyze its assets and report on its cash flow through visualized reports. Pricing based on number of users.

5. Sage One

Sage One earned this year's top ranking for offering an all-in-one accounting software. Sage One bundles all the tools businesses need to create, send and track invoices; process payments; manage expenses, link bank accounts and credit cards; generate financial reports; and maintain accounting records. Included in the software is a project management platform, where users can collaborate, share files and manage tasks via the cloud.

6. FreshBooks

FreshBooks is a cloud-based accounting software offering anytime, anywhere access to accounting tools. Its features include customized invoices, expense management, time tracking, accounting reports and tax calculations. With FreshBooks, small busineses can get paid faster with online payments and credit card processing via more than 13 payment gateways, including PayPal. Users can also set up recurring invoices, auto payments and late payment reminders.

7. iERP

iERP is a software to manage small or medium companies, freelancers or foundations. We can say iERP is an ERP or CRM. It's an project built by modules addition (you enable only features you need), on a server. iERP was developed to try to offer an ERP and CRM software. 

There are several feature modules that can be enabled or disabled, as needed. It is a web-based application, and can therefore be used wherever an internet service is available. iERP aims to provide ERP and CRM features for people with no technical knowledge, by providing a simple solution.

iERP includes all the important features of an ERP/CRM suite, except for accountancy. It is modular and is thus characterized by its ease of installation and use, despite the large number of features.



Finally, accounting software should help simplify invoicing and bill management by managing receivables in real time. Modern systems eliminate manual invoicing, relying instead on automation to provide advanced warning when invoices are approaching terms. Best of all, many small business accounting software solutions can do all of this for very little cost.

Wednesday, February 26, 2014

What Is Virtualization?


Virtualization is proven software technology that is rapidly transforming the IT landscape and fundamentality change the way people computer. Virtualization breaks the bond between hardware and operating systems. It allows you to run multiple software and operating systems on the same computer at the same time. Virtualization can help to increase hardware utilization, reducing capital expenses, energy consumption and operating costs while saving you money. Virtualization is a new technology and requires experience and expertise.

It's pooling a few resources to accomplish the same tasks you once did with many. To put it a different way think of a company with 6 servers, each in charge of a different task like email, storage, etc. Now instead of these servers being computers think of them as people, each person has a different job, one does marketing, one is in charge of mail, another might be the receptionist, either way; each individual has a task and does only that task. While it might be beneficial to have each person doing there own task, the allocation of work is going to be skewed. If for some reason hundreds of phone calls come in today and only the receptionist can answer the phone (their dedicated task), the receptionist is overworked. Meanwhile, the mail room person has a small amount of mail to sort, so they sit idle.

This is essentially how a company with a few servers works, each with their own set of tasks; none of which intersect. But the problem is, how do we fix the fact that the phone receptionist is doing too much work? Well, you could hire another person to help with the workload, but this is going to increase cost and if this spike in activity is only an once in a while thing then it wouldn't make much sense to keep a second person on hand at all times. The other problem is what about the employee that is underutilized? They still have a lot of potential tasks they could do, but are waiting for the instructions. This is the problem most companies faced before virtualization.

What is a Virtual Machine? 

A virtual machine (VM) is a software computer that, like a physical computer, runs an operating system and applications. An operating system installed on a virtual machine is called a guest operating system. Because every virtual machine is an isolated computing environment, you can use virtual machines as desktops or workstation environments, as testing environments or to consolidate server applications. Virtual machines run on hosts. The same host can run many virtual machines.

What is a Host?

A host is a computer that uses virtualization software, such as VMWare ESXi, to run virtual machines.
Hosts provide the CPU and memory resources that virtual machines use and give them access to storage
and network connectivity.


This is a basic conceptional way to think about Virtualization. The practical way is:

 - Less hardware to manage.
 - More uptime, less down time.
 - Disaster Recovery is built in.
 - You can virtualize one server.
 - It is beneficial to almost any IT environment.
 - Less power consumption.
 - More flexibility. 

Sunday, February 2, 2014

Implementing ERP in Education system

India has made progress in terms of increasing primary education attendance rate and expanding literacy to approximately two thirds of the population. India should aspire for the international standard in education. To achieve that goal it should adopt new modern technology and standards in all educational institutions. Many universities have committed considerable time and resources in modifying their curriculum to incorporate Enterprise Resource Planning Systems. For many universities it has been a struggle even though ERP vendors have developed a number of initiatives to facilitate curriculum development. As companies’ ERP system usage has become more strategic in nature, ERP curriculum needs to evolve to reflect and support this usage. Information Systems curriculum in universities has undergone rapid and continuous change in response to the evolution of industry requirements. However, further in-depth research here seems justified in order to provide useful information for practitioners and a research framework for understanding critical factors and how those factors influence ERP implementation.

PURPOSE OF USING ERP IN HIGHER EDUCATION 

Higher education administrators grapple both with the costs and possibilities afforded by enterprise resource planning (ERP) software, a significant feature given an ERP software implementation’s sustained impact on the academic institution. ERP software applications integrate the data processing across the institution and
automate administrative processes like student registration and financial accounting. However, an ERP software implementation stresses a campus under the best of circumstances. Depending upon the organization’s readiness to accommodate change, the implementation creates great turmoil or promotes sustained changes that help the institution better achieve its mission. As an ERP application implementation becomes a way of life rather than a project with a finite end, campus leaders are well advised to identify implementation best practices in order to increase their chances of success. ERP packages are implemented to manage the existing and prospective business plans and policies in an efficient manner under strict deadlines. It can be referred to as the ultimate business solution package that is predominantly concerned with making sure that the available resources of the organization are utilized in the best possible manner and coordinated with the business objectives of the organization. It is crucial that modern day business organizations have a single unified system, which aims at harmonizing its business efforts. This can prove to be a crucial determinant in deciding the scope, area and net results of the organization as a whole, rather than running many different systems that don't work well together. What makes ERP different from any other business solution package is the presence of a single and unified database system. ERP software is as essential to the needs of a business today as food is for living. The more effective implementation and follow-up, the better are the results. ERP software is needed by all modern-day organizations, irrespective of the size, area of operations and business objectives.

Thus, ERP software can effectively change the outlook of any business organization that exists in today's cutthroat business world. Proper implementation of the ERP software is the key factor, which can benefit the growth prospects of any organization.

ERP IN EDUCATION SYSTEM 

Education is one of India’s prime Industries. While its contribution to nation building is well known and widely reported, its importance in terms commercial value is less appreciated. Apart from being among the largest sectors, education sector is also among the fastest growing sectors of the country. With the enviable combination, of large size and high growth, no wonder education sector is among the most attractive industry sectors in the country today.ERP is an information technology solution that integrates enterprise functions such as planning, financials, sales, purchasing, human resources, logistics, customer service, and manufacturing. For universities, ERP is an information technology solution that integrates and automates recruitment, admissions, financial aid, student records, and most academic and administrative services. By some estimates, 7.5 out of 10 or 75% of ERP projects fail, giving rise to a large body of literature. ERP refers to the use of commercial solutions for both administrative and academic purposes by universities. Typical administrative functions may include human resources, accounting, payroll, and billing. Academic
functions include recruitment, admissions, registration, and all aspects of student records. With the stupendous growth of the education sector, educational institutions are becoming increasingly complex organizations. They are no longer institutions limited to education delivery. Educational institutes are confronted with managing a wide range of activities encompassing marketing of institutes to students for admissions and corporate for placements, managing internal operations (like smooth conducting of classes or recruitment and motivation of the human resource viz. faculty and staff), sophistical financial and cash flow planning, co-ordination with regulatory & statutory authorities etc.

Employee Awareness 
  - Involvement 
  - Recognition 
  - Retention 
  - Selection 
  - Training 
Management Change 
  - Commitment 
  - Communication 
  - Consultants 
  - Cost Control 
  - Decisions 
  - Preparation 
  - Project 
  - Risk 
  - Strategy 
  - Support 
  - Vision 
Organization Benchmarking 
  - Culture 
  - Expectations 
System Conversion 
  - Data 
  - Hardware 
  - Legacy 
  - Life Cycle 
  - Realization 
  - Requirements 
  - Scope 
  - Vendor 
Team Cooperation 
  - Concurrent 
  - Environment 
  - Leadership 
  - Testing 

BENEFITS OF USING AN ERP

First let’s consider the main benefits of an ERP system:
 - Improves access to accurate and timely information
 - Enhances workflow, increases efficiency, and reduces reliance on paper
 - Tightens controls and automates e-mail alerts
 - Provides user-friendly Web-based interfaces
 - Streamlines processes and eases adoption of best business practices
 - Establishes a foundation for new systems and integrates existing systems

A main advantage of ERP systems is improved access to accurate and timely information. As presidents, chief financial officers, or boards attempt to understand a university’s overall performance with existing legacy systems, they may find many different versions of the truth. An ERP system creates a single version of the truth because everyone uses the same system. Furthermore, some legacy systems make developing reports or tapping into transaction data stored on the computer quite challenging. Modern ERP systems often improve upon this process by offering a strong foundation for moving to a data warehouse that can provide even more capability to extract data from administrative information systems. Another reason to consider an
ERP application is to improve workflow and efficiency. For example, following completion of online requisitions, workflow processes can forward the form along the approval path more rapidly than with traditional paper methods. This can shorten the time to complete the process, reduce the likelihood of lost or missing documents, and return quick feedback on the status of a request. ERP systems can also improve
controls and program alerts.

Lunar EduERP


Lunar EduERP is powerful, user-friendly and College/School/Education institute management ERP software for managing the complete workflow of an education institute. It is a web 2.0 client server based application which can be installed on any server and can be accessed from any compatible web browsers online or in intranet based upon the implementation technique.
To know more visit: Lunar EduERP.

Tuesday, January 7, 2014

Converting Online opportunities into business.

The main secret of successful Online Business is - "Web Traffic".

The more web traffic you attract towards your online business, the more sales it will generate and thus the more Income. Internet is all about the game of how many eyeballs you attract towards your web property.

Now, every product that is available on the Internet about "Online Business Secrets" revolves around the core principle of How to attract more web traffic towards your website. Well, there are 2 ways to attract web traffic towards your websites and these are;

  •  - Unique & Quality Content / product & 
  •  - Internet Marketing

Quality content will keep your readers / customers coming back to your blog / website.

Here are few strategies that I personally use to market this Blog and its content. However, there are several other strategies. You can try as many as you want.
  •  - Facebook Marketing 
  •  - Twitter Marketing
  •  - Social Media (Digg, Delicious, StumbleUpon) 
  •  - Articles Marketing
  •  - Google AdWords 
  •  - Facebook Fan Page 

The above tactics are secrets for successful Online Business. Now, you can call it "secrets" if you want. But believe me, anything that you buy online or offline regarding this thing revolves around this same basic principle.

Online Business Opportunities

Internet is the great Business & Investment Opportunity. Many Entrepreneurs are doing their Businesses online now and many Investors around the world are investing in Web Properties (Online Assets) such as Websites, Blogs, Forums, Social Networks & many other kind of web properties.

Unlike traditional offline assets such as stocks, bonds, gold, and real estate, Online assets appreciate much faster and give you much better ROI (Return On Investment) than the offline assets.

There are several Online Business Opportunities. You can grab these opportunities and become very wealthy in your twenties and early thirties if you want. Here are some hottest online business opportunities.

  •  - Blogging 
  •  - Forums 
  •  - e-Commerce Website 
  •  - Dating Websites 
  •  - Social Networks 
  •  - Social Media Sites (Like Digg, Delicious, StumbleUpon & Reditt) 
  •  - Articles Directories (EzineArticles) 
  •  - Video Directories (YouTube) 
  •  - eBay Shop 
  •  - Job Market places (Elance, GetAFreeLancer) 
  •  - Matrimonial Websites 
  •  - Real Estate Websites (Market place for Real Estate) 
  •  - Market Place for Web Properties (Flippa & SitePoint) 
  •  - And many more!

These are just the few most popular business opportunities online. Believe me, there are hundreds of Online Business Opportunities like this.

Due to these kinds of Online money making opportunities, many High School going teens from all around the world are also owning their own successful online Businesses and are making more money than Doctors!

That being said, I am not exaggerating these things. Many high school going teens all around the world are making more money than Doctors, from their Successful Online Businesses. So anyone can take advantage of these business opportunities online and make their fortunes in twenties and thirties.

What I advise to youngster that, Start your own Online Business as early as possible in your life means NOW...!!!! Because the more early you will start your Business, more early it will grow and more early you will become rich and financially free.

I advise Online Business opportunities to some of my friends. They understand the process, but unfortunately, they fail to take any action to start their own Internet Business.

So take Action NOW & start thinking of money making niches (opportunities) by developing a successful online business.


Best Online Business Ideas

After the birth of the Internet, Everything is online now. You can now start your Business Online in the Virtual Space and make much more money than the traditional real life brick and mortar business.

The Best thing about the Online Business is that you can target the whole world and it works 24/7 even without your presence. You cannot run a traditional Businesses by day and night. But you can run an Online Business even while you sleep or travel the world.

Here are some Best Online Business Ideas. After reading these Ideas, you will get a fair idea about which kind of Business you should start.

01) Blog Business
This is one of the best online business ideas. Here you start a blog in any Niche and start posting quality and unique content on that blog. Over the time, you develop a readership and a community around your blog and start making money from it. Many Professional Bloggers from all around the world are making literally 6 figure Incomes every year from their Blogging Businesses.

The Best thing about a Blog Business is that you can apply multiple Income streams on a single blog such as Advertising, Affiliate Marketing, Sponsored events, Paid reviews... etc...

02) Website Flipping
This is the hottest Business Opportunity on the Internet. Many people around the world develop a profitable website / blog business out of scratch and later on sell it for literally thousands and hundreds of thousands of dollars.

Developing a profitable Website requires hours and hours of mind labor and not everyone can develop a profitable web business.

03) eBay Shop
Another great Online Business Idea is an eBay shop. You can open your eBay shop within minutes and start selling anything from 20,000+ product categories. eBay is world's largest online market place which has 200 Million active users every month.

04) Discussion Forums
You can also install vBulletin Forums on your web host and start a Discussion Forum under any Niche. The Best part about the Discussion Forums is that, once it has sufficient number of users, it can run and grow even without your presence. That's because people who discuss topics on your Forum are creating FREE Content for you and thus, you can enjoy a steady and growing passive income without you working hard behind the forum. Of course, initially you have to work hard to market your Forum well.

05) Articles Directory
This is also a great Online Business Idea. Here you launch an Article Directory and people from all around the world will post a Free, unique and creative content for you. Articles Directories also run and grow without your presence. All you have to do is Cash out the checks.