7i Systems Pvt. Ltd.

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
 - Increased Staff Productivity
 - Automatic document production
 - Cost savings

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

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.

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.
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.
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. 

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.

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.

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.

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.

Many consider "free" software to be either stolen, low-featured, problem-ridden, poor quality and/or unusable software. It is often said that free software can't compare to commercial (and especially expensive) software. This article quickly dispels these myths. A software's quality (performance, usability, function, stability) is not related to its monetary cost. This article also shares some information and thoughts about the open source and free software movements.

Why use open source software?

A lot of open source has been under constant development for several years -- a lot of open source software is very mature. Developers and users have numerous reasons for using open source software:

No or Low-cost:

Cloud Computing has become a scalable services consumption and delivery platform in the field of Services Computing. The technical foundations of Cloud Computing include Service-Oriented Architecture (SOA) and Virtualizations of hardware and software. The goal of Cloud Computing is to share resources among the cloud service consumers, cloud partners, and cloud vendors in the cloud value chain. The resource sharing at various levels results in various cloud offerings such as infrastructure cloud (e.g., hardware, IT infrastructure management), software cloud (e.g. SaaS focusing on middleware as a service, or traditional CRM as a service), application cloud (e.g., Application as a Service, UML modeling tools as a service, social network as a service), and business cloud (e.g., business process as a service).

Cloud computing can completely change the way companies use technology to service customers, partners, and suppliers. Some businesses, such as Google and Amazon, already have most of their IT resources in the cloud. They have found that it can eliminate many of the complex constraints from the traditional computing environment, including space, time, power, and cost.

Models

Infrastructure as a Service (IaaS)

Advantages

Cost Reduction and Control

The public sector is under intense pressure to cut costs without undercutting critical services. Cloud computing can reduce total cost of ownership (TCO) both directly and indirectly.

Facilities consolidation

: 
As the pace of technology quickens, ICT specialists are looking for network solutions that enable them to react quickly, innovate smoothly and efficiently, and keep growing pains to a minimum. Cloud computing can often make change less burdensome and expensive.
Virtualized resources:
Virtualization may add a new level of complexity, but the benefits include improved agility and additional options for future enhancements. For example, as workforces become increasingly mobile, virtualized desktops allow them to do their work anywhere, on a variety of personal devices. Virtual machines are not tied to particular servers, so they can migrate among physical devices and across geographies.

Simple scalability:
With bandwidth-hungry applications proliferating, the network’s traffic keeps increasing, even if the number of users stays the same. With a cloud platform, managers can add capacity on demand without having to
determine requirements beforehand or go through many of the traditional procurement, provisioning, and implementation processes. Load fluctuations are less of a problem when capacity can be added almost instantly. Of course, ICT groups still need to maintain robust network infrastructures regardless of which cloud models they implement.

Elastic services:
The cloud approach makes it easier for organizations to expand or contract services quickly by tapping into shared pools of resources or implementing prepackaged capabilities developed by third parties specifically for clouds. Furthermore, private cloud deployments using multitenant servers mitigate the “server sprawl” that often accompanies growth.

Fast deployment:
With software vendors increasingly delivering their products preinstalled in virtual machines, much of the traditional installation and configuration work associated with software deployment may not be necessary for a cloud implementation.

Increased flexibility:
The variety of cloud deployment and service models ensures that implementations can be aligned closely with business needs and ICT strategies. Many public sector organizations are choosing a hybrid cloud approach
that lets them benefit from both private and public clouds.

Better Services and Collaboration

Government at all levels is looking for ways to improve services and justify budgets, while public education and healthcare organizations are constantly striving to make instruction and medical delivery more available and effective. These organizations are turning to cloud computing as the foundation for optimizing current and future services.
Application proliferation:
Cloud computing supports applications that offer new and better ways for government to engage with citizens. For instance, the nationwide cloud infrastructure proposed for the United Kingdom will feature a government application store that functions as an online marketplace for effective business solutions, encouraging the sharing and reuse of online services across the public sector. Since late 2009, the U.S. General Service Administration has offered an online storefront for cloud solutions called Apps. gov. Japan’s Ministry of Internal Affairs and Communications is building a cloud computing infrastructure to consolidate all
government ICT systems.

Broad reach:
Governments can use cloud platforms to provide access to a wide range of services from a single community portal at any time of day, so that citizens do not have to visit a government office in person during business
hours. Educational institutions can use cloud technology for applications ranging from distance learning and curriculum deployment to professional development and greater access to research and researchers. And healthcare organizations can employ clouds to reach out to patients in underserved communities, make records more readily available, and connect dispersed offices and laboratories.

Closer interaction:
Cloud-enabled collaboration technologies allow public employees to interact with their peers more efficiently. They also foster interagency cooperation, bringing related organizations into closer contact so they can serve
their constituents better and respond faster to emergencies. Additionally, agencies engaging in public-private partnerships can take advantage of collaboration applications to strengthen their ties to companies, private institutions, nongovernment or civil society organizations, and other stakeholders.

Effective Risk Mitigation

Despite some misgivings on the part of CIOs and other ICT professionals, cloud computing is not necessarily riskier than conventional computing models. Proven methods and technologies are in place to help ensure that systems run reliably, and that data and privacy are safeguarded.
Assured service levels:

Nowadays, more and more small businesses are incorporating e-commerce platforms as part of their business systems. With the advent of the internet and smartphones, it is now easier than ever to integrate a workable solution that will work for many people. The big question remains; what are the benefits of e-commerce for small businesses?

Do you have a business and don’t have a website? If yes, it is like removing the existence of your business to everyone. In this modern era, people and businesses are in the world of internet for information. Why do you think people visit a website? It is to look for information. And if you are in a world of business, information is a very important thing. You need to have a website for your customers and it should contain information about what you can do for them.  Below are just few of the advantages and benefits of having a website for your business.

Improve Collabration & communication


Global Sourcing

Technology in the workplace practically eliminates space and time. Telecommunication and internet technology has boosted the work sharing across the globe. Video conferencing technology lets businesses on any part of the globe interact with one another. A man sitting in north pole can serve to another in south pole using internet technologies. Increased sourcing improves the operating margins of your business and let you manage more processes effectively.


Efficiency



Human Resources



Enterprise resource planning & Business process management