BTC https://btc-me.com ERP Software Solutions In Dubai Fri, 06 Dec 2019 09:06:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.4 Enchance traditional ERP performance with the help of Artificial Intelligence in UAE https://btc-me.com/blog/enchance-traditional-erp-performance-with-the-help-of-artificial-intelligence-in-uae https://btc-me.com/blog/enchance-traditional-erp-performance-with-the-help-of-artificial-intelligence-in-uae#respond Thu, 05 Dec 2019 09:06:16 +0000 http://btc-me.com/?p=4624
“If you don’t innovate fast, disrupt your industry, disrupt yourself, you will be left behind.” – John Chambers

Without a doubt, artificial intelligence (AI) will have a profound impact on the footprint of enterprise resource planning (ERP) solutions in the foreseeable future in UAE. AI will enable organizations to further optimize their operating model made up of business processes, software applications, governance structures and technology infrastructure.

To have this transformation, organizations must revamp their IT strategies and roadmaps and ingest the value of artificial intelligence and enterprise resource planning (ERP) integration. These technologies go hand in hand because they cover the same spectrum.

With the evolution of ERP solutions over the last two decades, organizations have gained access to a wealth of structured data. Nonetheless, they continue to struggle with transforming data in meaningful information, decisions and actions. The last five years, this situation got further challenged with the explosive growth of unstructured data that organizations capture without a clear approach on how to properly use it

Artificial Intelligence Within ERP Systems

AI allows ERP vendors to improve ERP systems using machine learning and natural-language interfaces. The AI in ERP systems provides actionable data insights enabling companies to improve their operational efficiency.

A good example of an AI-driven ERP solution is SAP Business One, which includes a number of microservices integrated with a cloud platform. Sage 300c also has introduced a number of AI-based tools for its ERP solutions, including digital assistants, advanced access and financial controls, and smart supply management.

SAP Business One is gradually moving into the AI space. SAP B1 has a cloud-based predictive maintenance solution that is based on prediction models and machine learning algorithms. The service technician has access to dashboards with key performance-indicators and ad hoc reporting capabilities. It helps the service technician to understand the real-time performance of the technical infrastructure and intervene when required.

The ingredients to solve this situation are available and becoming more and more mature every day:

  • ERP solutions that enable organizations to run cost-efficient and effective operations.
  • Big data solutions that can manage structured and unstructured data.
  • Business analytics solutions that can provide information with a user-friendly experience.
  • Cloud infrastructure that can make enterprise solutions widely accessible.
  • Computing power that allow enterprise solutions to manage large data sets and complex algorithms.
  • In-memory database technologies to explore large data sets in real-time.
  • AI solutions that can learn, speak, read, respond, predict and execute transactions.
  • Internet of Things (IoT) technology to capture real-time performance information.

9 Ways AI Improves ERP Software

 

1.         Advanced Analytics

AI’s ability to work with massive amounts of data enables real-time, accurate data insights.

For example, AI can analyze the buying behavior of different categories of customers, enabling you to tailor your products or services to the needs of a certain audience.

2.         Warehouse Management

Artificial intelligence can test countless demand forecasting models with precision, adjusting to different types of variables, including changes in demand, supply chain disruptions and new product introductions.

For instance, BMW uses learning algorithms to track an item from the manufacturing stage until the moment it’s sold, monitoring 31 assembly lines in different countries.

3.         Forecasting

AI-driven solutions can process historical data and make predictions for the future. These tools identify seasonal patterns in your business, offering suggestions on whether you should decrease or increase production.

Not only does AI reduce the costs of forecasting, but it also makes forecasting much more accurate. You can significantly reduce the risk of underproduction or overproduction, when you manufacture the right amount of inventory.

4.         Financial Management

AI can automate quarterly and monthly processes and closing operations by verifying reports for accuracy and comparing account balances between independent systems.

For example, AI can categorize invoice data into different accounts and discern the difference between a phone purchase and a monthly phone bill.

5.         Interdepartmental Processes

Connecting sales, inventory and accounting is not an easy task. However, AI is not afraid of massive amounts and various types of data, making it the perfect solution for creating a centralized platform.

6.         Customer Service

If your company does field service, AI can use information about performance evaluations and employee qualifications to schedule service calls and assist with planning.

7.         Production Processes

When integrated with an ERP system, AI can detect inefficient processes and suggest a solution that will cut costs.

AI also can identify processes that use too much energy. It enables predictive diagnostics, minimizing the waste of resources.

8.         Human Resources

Another advantage of AI-enabled ERP software is that it can be proactive. For example, it can detect what employees need a raise. In addition, it can analyze data on the skills and experience of applicants, expediating the recruiting process.

9.         Sales Automation

Chatbots powered by AI not only help customers but also conduct the whole sales triangle. Now, bots can cope with segmentation and provide responses in real time.

Should You Select an ERP System With AI Capabilities?

While ERP systems have always been able to integrate various functions within an organization, AI takes this integration to the next level. It does this by analyzing large amounts of data, making predictions and suggesting next steps.

The potential of AI-enabled ERP solutions is immense. There are a number of steps to take before you can embark on a project implementation. The formulation of a digital strategy is one of them.

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Smart Artificial Intelligence Technologies For Exponential Growth In Dubai https://btc-me.com/blog/smart-artificial-intelligence-technologies-for-exponential-growth-in-dubai https://btc-me.com/blog/smart-artificial-intelligence-technologies-for-exponential-growth-in-dubai#respond Wed, 04 Dec 2019 10:46:03 +0000 http://btc-me.com/?p=4619

In recent years, the UAE has become synonymous with advancement and futuristic development. So it comes as no surprise to see the country leading the way with artificial intelligence

The Emirati nation is ranked as the first in the Arab world when it comes to adopting AI in all aspects of life. In the past few years, its officials have been focused on introducing AI technologies to the country.

Steve Case (the famous entrepreneur and co-founder of AOL) in his book “The Third Wave: An Entrepreneur’s Vision of the Future” describes the new era we are entering of immense technological advancements that are transforming virtually every non-digital sector of the economy, including education, healthcare, our food system, and beyond.

The First Wave was the creation of the internet and the foundation of our online world.

The Second Wave saw companies like Google and Facebook build on top of the Internet to create search and social networking capabilities, while apps like Snapchat and Instagram leveraged the smartphone revolution.

We have now reached the third wave: a period in which entrepreneurs will vastly transform major “real world” sectors of the economy like health, education, transportation, energy, and food – and in the process change the way we live our daily lives. Case’s Third Wave is about applying the Internet and technology, including AI (artificial intelligence) to solve important issues such as hunger, disease and crime.

Here’s how they’ve been succeeding at just that:

The country has a fully-fledged AI strategy

Earlier this year, the UAE Cabinet officially approved an ambitious strategy that aims to help place the country “at the forefront of global efforts to develop artificial intelligence.”

The plan is comprised of eight objectives, “including reaffirming the UAE’s position as a global artificial intelligence (AI) hub, employing AI in customer services and recruiting and training people to work in fields which will be driven by the technology for years to come.”

This strategy is the first of its kind in the world and covers the development and application of advanced technologies in nine sectors including transport, health, space, renewable energy, water, technology, education, environment, and traffic.

The plan also aims to boost government performance in every aspect and taking the country to a new level regarding economy and business.

The UAE recently launched an AI campaign

Earlier this year, the country’s AI Minister announced a “Think AI” initiative.

The campaign aims at accelerating “the adoption of artificial intelligence and its uses in various key strategic sectors” in the UAE. Under it, the country hosted a series of roundtables, workshops, and panel discussions with the participation of field experts from across the world.

The UAE is incorporating AI into healthcare and education

The country is working on incorporating AI technologies and techniques in both its healthcare and education sectors.

When it comes to healthcare, the Gulf country is moving towards revolutionizing the sector via AI. In Dubai, the Health Authority has already outlined a strategy that uses AI and robotics to largely automate surgeries and other procedures.

It’s also integrating AI in aviation and transport Industries

The UAE is taking serious steps to transform its aviation and public transport sectors using AI techniques. The country’s flagship carrier, Emirates, is currently working on developing an AI-powered assistant that will support airline customers from pre-flight to post-flight.

In 2018, the UAE’s aviation authority signed an agreement set to explore the use of AI in the country’s air traffic management.

UAE officials also aim to automate a quarter of the country’s transport systems by 2030. So people in the Emirates could be flying in air taxis in the next few years.

The UAE supports AI startups

Startups working on developing AI technologies and projects find a positive environment for growth across the UAE.

There are 29 registered AI startups in Dubai alone and the city provides them with all they need through innovative initiatives and tech programs.

It aims at relying on AI for its economy in the future

According to research conducted by PwC Middle East, the UAE will hugely benefit from the global technology revolution because it has highly invested in AI.

The field is set to contribute the most amount of money to the country and is estimated to contribute almost 14 percent of the national GDP in 2030, which is equivalent to $96 billion (353 billion dirhams.)

AI transforms operations in different industries

As per the recent studies, AI technology stands to make the greatest impact on industries associated with marketing services, production, and supply chain management. While that being said, the horizon of AI can extend much beyond and has the potential to sway each and every industry out there. Machine learning would make the management systems more effective to automate, predict, and respond with the efficiency that humans can’t.

AI in Manufacturing

The manufacturing industry has always been ready to embrace innovation in technologies. Augmented reality and predictive analysis tools are already a part of it. With the introduction of AI and machine learning, organizations can keep their inventories lean, impose superior control on costs, implement better planned preventative maintenance measures, etc., to ensure every operation are well-organized and are less prone to errors.

AI in Retail

AI would change the way retail companies deal with their business operations today. The next-gen technology gathers and processes a massive amount of customer data and draw a meaningful conclusion from them. This empowers retailers to create immaculately personalize the shopping experience for the customers and provide emotional responses to their queries. This way, businesses would experience a significant rise in customer loyalty and sales.

Preparing for AI integration across all departments

Although AI in business management solutions is a relatively new concept, organizations are rapidly accepting it. This evolution is sure to have a great advantage in the landscape of the future. However, it also gives rise to the challenge to ensure that the organisations are equipped with necessary strategies and plans to support this technological advancement.

Conclusion

It is clear that the UAE is committed and dedicated to innovation and technology. With Smart Dubai shifting focus away from the traditional sectors the UAE, with the combination of legal support and push for innovation, is poised to become a hub for innovation.

However the spread of AI and IOT raises questions that our laws will need to adequately address: whether it is from a moral perspective, a resource perspective, an emotional perspective or one of innovation.

 

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Improving Accounting and Finance Management with SAP Business One https://btc-me.com/blog/accounting-and-finance-management-with-sap-business-one-in-dubai https://btc-me.com/blog/accounting-and-finance-management-with-sap-business-one-in-dubai#respond Tue, 12 Nov 2019 09:47:16 +0000 http://btc-me.com/?p=4566

As they say, an investment in great technology always pays the best interest. Installing an ultra-efficient ERP system for your business is indeed a sizeable investment. But one that will make you smile in the long term. In fact, it will make you wonder how your business functioned before the SAP Business One ERP implementation at all. The SAP Business One ERP, when well implemented, can provide your organization with many benefits which will ultimately result in a fat bottom line for you. And how is that, you may ask.

As your small business or midsize company grows, so does the complexity of managing its financials. While accounting-only software may have helped you get started, you need software that can take your business to the next level, automating everyday financial tasks and integrating them with other business processes. That software is available – in the SAP Business One application.

It is this way. The success of any business depends upon the optimal permutation-combination of income, expenses, and profit. The suitable SAP Business One ERP solution will help give you an overview of your entire business in such a timely way that you will be able to gauge the perfect requisites to attain optimum profit. Accounts and business analytics are the most tedious to decipher and integrating them into your ERP can offer a clear interpretation of your accounts. The result is, of course, an improved, more efficient, process of financial and risk control.

Improved cash flow with reduced costs:

Cash flow is the backbone of any organization and the SAP Business One ERP will give you an improved cash flow with reduced costs. Increasing your revenue, attaining targets on time, managing your assets and inventory in a better way and achieving higher liquidity are just some of the other by-products of accounts and business analytics merger with this ERP.

Productivity & profitability with SAP Business One

There is a considerate increase in productivity and profitability of your business as the SAP Business One system also allows you to decrease the risk of losing assets, resulting in low insurance costs. Accounting and financial data is easily accessible within this system and gives you a better shot at informed decision making with real-time information to turn around your business and have better financial offers. The in-depth financial planning and analysis improves your business performance, facilitates new financial processes, reduces possible errors and helps you gain a strong control over the existing financial procedures of your business.

The solutions are:

Capture all your financial information in a single, salable solution. Manage cash flow, track assets,and control budgets. Accelerate month-end close and enhance compliance. Streamline reconciliations, bank statements, and payments. Transform business planning and audits with sharper insight. Simplify management of multiple branches or business units. Maintain end-to-end control of your company’s fixed assets.

Realize bottom-line benefits with an integrated solution:

SAP Business One is a comprehensive, integrated solution that helps streamline your financial operations. You can:

  • Accelerate transactions and improve cash flow by automating your everyday financial tasks and integrating them in real time with other business processes, such as purchasing and sales
  • Get an accurate picture of your business with better cash flow management, and stay on top of actual versus planned figures with budget tracking
  • Maintain control of your fixed assets throughout their life cycle.
  • Enhance the efficiency and accuracy of credit card collections and bank reconciliations through direct, online connections with financial institutions.
  • Compile up-to-date financial statements to support business decision making by reducing the time it takes to close your books at the end of every period.
  • Comply swiftly and fully with the legal requirements of each country where you do business.
  • Meet your company’s fiscal responsibilities by streamlining the computation, payment, and reporting of taxes.
  • Satisfy the financial analysis and reporting requirements of your business and make better top-level strategic decisions with powerful analytics.

For more understanding contact our experts

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Sage 300 ERP: is it Worth Investing Your Money https://btc-me.com/blog/sage-300-erp-is-it-worth-investing-your-money https://btc-me.com/blog/sage-300-erp-is-it-worth-investing-your-money#respond Mon, 28 Oct 2019 10:43:15 +0000 http://btc-me.com/?p=4552

One of the primary concerns of any small or medium scale business is their budget. As a small scale business owner with limited funds, it becomes important to be careful as to where you are investing and ensuring the usefulness of the investment decision.

The ERP Software like Sage 300 ERP basically helps you reduce the time and resource you invest in the day to day activities. A good grade ERP software consists of different modules or features targeted at helping different departments. The software, by and large, covers accounting
department, client support and data management, sales and purchase, competition analysis, business analysis and much more. By lowering the burden of routine work of various departments, there is more opportunity to invest your business’ resources in further growth, expansion and other
critical areas. Sage 300 ERP pricing may look a bit, well, pricey, but it is all about saving a lot of money in the long term.

The first thought the pops up before making any investment or purchase decision for your firm use to- how much does the thing cost? It is pretty obvious as well as important. More thoughtful and smart entrepreneurs would rather focus on weighing the usefulness and worth against the pricing involved.

Sage ERP Pricing Over the Benefits it offers

In the context of Enterprise Resource Planning software, you would want to weight the benefits you get of it against the price you pay for the software. Here are some factors that you can consider in this content. Reading these points you can understand where an ERP software would be saving you money in long-run. Moreover, these points would be helpful to you in deciding whether or not you require ERP software in your firm.

Human Errors: How many times have you found an error in a fully analyzed work? How many times have you had to recheck while performing a calculation or drafting a report? One of the great benefits of using an ERP software is there would least chances of mistakes in the work done. In addition to saving resources, it would help save the time that errors cost. Sometimes, those errors even create some embarrassing situations as well!

Thus, if you find yourself or your human resource investing some considerable bit of time in proof-checking the work or if errors in reports or calculations are starting to cost you too much, it would be a great idea to invest in an ERP software. Save all the time, efforts and embarrassment.

Customer Relations: Once your business lifts the basic or elementary level, or soon as you find your business flourishing, you will have to ensure a great relationship with your clients. Especially for those in the service industry, this would pretty much make a world of difference. Building and maintaining great customer relations go a long way for any business. Sage 300 ERP’s customer relations module can help achieve this objective. With this, you can build and manage your customers’ profiles. Through this, you might be able to analyze client preferences. Eventually, this will enable you to provide them with more satisfactory services. This implies regular clients and greater profits.

Thus, if you find yourself in the industry where client relation and support is crucial, getting an ERP would be a good idea.

Data Security: Roughly in every business, the data, company user’s accounts and profile and related information is something that has to be kept protected. For several businesses, the data itself is business. It is something you cannot afford to compromise. Besides, the legal consequences of data compromise in many situations can be pretty harsh. Sage 300 ERP Dubai is designed precisely to meet all the necessary data security standards. It offers a reliable, stable and secure platform for business information. Security of user data is the last thing you will have to worry about.

Investing in a reliable ERP would keep the sensitive info and data of your business safe.

Financial Management and Business Accounting: You know that error part we discussed earlier? Accounting has the most of it. Sometimes it would be minor errors that become impossible to find and sometimes it’s a major blunder that might ever lead to some losses. Almost always, there would be some errs in accounts and financial statements when it is handled manually. Moreover, can you imagine how many man-hours are wasted on manual accounting in an averagely sized firm? Imagine the results if you divert those resources and attention towards a more productive area while your ERP software takes care of the accounting part. Using Sage’s accounting software for financial management purpose facilitates easy and error-free recording and reporting of financial transactions in an entity.

Project Management and Decision Making: You know all that long, stressed hours of decision-making that occupy the management at the top? The project management modules of Sage 300 ERP help management to make better and smarter support decisions quickly. These
modules are targeted in tracking and estimating project costs and solutions in the best possible manner. The quick reports and analytics derived from ERP software can offer plenty of help in the process of day to day decision making.

In addition, Sage 300 ERP is customizable, user-friendly and considerably easy to understand and operate. Still, we have the Sage 300 ERP pricing set to nominal in order to bring this investment closer to you.

Conclusion

By now it would be clear to you that though you might consider ERP software expensive, the amount invested in it would be worth it. You can see the features involved and how much they can help you save so much of your time. Ultimately, it would imply greater productivity and efficiency. Rest is up to you to determine the profitability and benefits that an ERP software can bring to your company.

But all in all, know that some investments like ERP software are quite valuable for the growth and expansion of the business. After all, better and efficient use of time and resources for greater productivity is what marks the growth, right?

For more understanding and assitance contact our experts.

 

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Leverage Your SAP Business One Software to Transform Your Business In Dubai https://btc-me.com/blog/leverage-your-sap-business-one-software-transform-your-business-in-dubai https://btc-me.com/blog/leverage-your-sap-business-one-software-transform-your-business-in-dubai#respond Wed, 16 Oct 2019 11:38:37 +0000 http://btc-me.com/?p=4544

ERP projects should always be undertaken to produce business benefits – helping your business grow revenues, enter new markets and reduce costs. Implementing an Enterprise Resource Planning (ERP) solution is often a significant undertaking. It requires a substantial investment—time, money and internal resources.

If you’ve invested in implementing SAP Business One, you might feel like you deserve to rest on your laurels for a while. System in – job done.

The truth is, once you have implemented a powerful ERP solution like SAP Business One, it’s important to proactively maintain and enhance the solution to further scale your returns. SAP Business One provides a  fantastic platform for growth – a foundation solution that operates across your business (finance, inventory, logistics, CRM, manufacturing) and is ready for the next wave of business benefits delivered through IOT, machine learning and digital transformation.

Whether you adopted SAP Business One a month ago or five years ago, it’s never too soon—or too late—to explore ways to continue to derive value from your investment.

Being proactive post go-live is key to ROI 

Maintaining and developing your enterprise system post-implementation is an important way to deliver a positive return on investment.

Proactive optimisation of SAP Business One improves ROI because it ensures the system remains secure, up-to-date and aligned to your business requirements. Failing to continually invest can turn your software into a liability rather than an asset.

Leaders fear business interruption. But interruptions hit hardest when we don’t take action to stay ahead of the curve. Waiting for problems or barriers to arise before responding is not a competitive strategy.

When it comes to a poorly maintained enterprise system, business interruptions come in the form of downtime, data breaches and inefficient workflows.

Change is becoming a constant and your ability to evolve and adapt your processes, skills, products and services, and business technologies, is the difference between success and obsolescence.

SAP Business One provides a foundation for growth

The core SAP B1 modules provide a solid foundation for a better functioning business. But foundations need to maintained and built upon to create a structure that continues to meet your evolving needs.

As you remove silos, gain new insights and save time through automation—you’ll open up new possibilities. With operational and customer service improvements comes growth in your customer base, product lines, headcount or physical locations.

For instance, many businesses find that adopting SAP Business One enables your business to:

  • Attract larger customers with specific requirements.
  • Better empower employees to work on high-value tasks.
  • Consider new channels to meet demand, like online sales.
  • Enter new geographies.
  • Start new entities or acquire other businesses.

If you’ve committed to SAP Business One to help improve your whole-of-business process management, keep investing in your solution across these three areas to deliver value:

  1. Maintenance and support: Stay current on your annual maintenance, upgrades and support to ensure your solution is functioning optimally and you can access new versions and help when you need it. Without attention to maintenance, the system may not work as intended, your team will lose productivity when issues arise, and you can’t achieve other improvements to your system such as complementary offerings.  A pro-active SAP Business One partner will be able to show you substantial returns on investment from your annual maintenance and support fees. As an example, the team at Leverage Technologies offers customer maintenance and support charter that focuses on providing value and constant improvement for our customers:
      1. Increase user satisfaction with unlimited support desk / help desk assistance to make sure support queries are answered in a timely and constructive way to maximise the user experience and build confidence in support outcomes.
      2. Reduce the time it takes to complete tasks and improve user engagement with free user training – web based user training to ensure that your SAP Business One users are maximising their use of SAP Business One.
      3. Automate your business – take advantage of new technologies by upgrading to the latest version of SAP Business One 9.3.
  2. Complementary solutions: As your business grows or you’re ready to digitise and transform more aspects of your business, you can accomplish a great deal by integrating applications with SAP B1 such as:
      1.  E-commerce:  open up new sales channels and attract new customers with integrated e-commerce. Reduce timelines for the sales, payment and delivery process to improve customer satisfaction with a fully integrated SAP Business One/e-commerce solution with up to date pricing, stock availability and order processing.
      2. EDI: reduce processing time, errors and effort with EDI integration to/from your major suppliers and customers.
      3. Accounts Payable automation: reduce processing time so that team members can focus on more strategic, value add tasks. Use OCR technology to scan, approve and automate the AP process.
      4. Inventory forecasting: Improve customer service and cash flow by ensuring that your business holds the perfect inventory levels to ensure you are not over or understocking. Integrated inventory forecasting solutions further enhance standard SAP Business One functionality to help your wholesale distribution business grow without the growing pains.
      5. Freight management integration: reduce freight costs and ensure quicker delivery times with a fully integrated freight management portal.
      6. Expense management: reduce the time it takes to process expense claims and ensure legal and tax compliance with integrated SAP solutions for expense management.
      7. Business intelligence and analytics: better decision making starts with access to accurate and timely data. Reduce the time it takes to produce information for decision making with SAP in-memory database technology (HANA) and integrated Business Intelligence. Better access to data = better decision making.
  3. Training and configuration: Training is an ongoing need as the solution’s capabilities evolve and you grow your business with new employees in new geographies. Skilling your team will make them more effective in their roles and contribute to higher levels of job satisfaction. Also, you might need help to ‘turn on’ more features as you go, or configure extra dashboards, workflows and reporting to match new business structures.

We can help your business make the most of SAP Business One now and into the future. Discover how by contacting us

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With ERP Software Dubai Get 360 View Of Cash Flow https://btc-me.com/blog/with-erp-software-dubai-get-360-view-of-cash-flow https://btc-me.com/blog/with-erp-software-dubai-get-360-view-of-cash-flow#respond Mon, 16 Sep 2019 09:18:11 +0000 http://btc-me.com/?p=4452

Cash flow happens when money moves in or out of your enterprise over a period of time. Business leaders pay close attention to cash flow measurements to get a better understanding of their company’s financial situation and overall value. Using parameters set by cash flow data, you can figure out the return on investment (ROI) of a project and determine its worth before actually setting a plan in motion.

Cash flow can also help a business owner identify problems with the enterprise’s liquidity, or the ability to turn assets into cash and pay outstanding bills. Liquidity and profitability measure two different things, so it’s important to be able to use cash flow to keep track of both.

BTC offers ERP Solutions in Dubai that provides 360-degree view of cash flow to top management and helps them monitor branch-wise and sales executive-wise receivables, collections, and sales on their smart phones and the web, 24/7 from anywhere in the world.

Our software solution SAP business One and Sage 300  integrates with your system and directly imports the required data, thereby automating the entire process of collections and cash flow management. The following features make the SME business using ERP Solution unique.

  • Generates cash flow projections with a single click.
  • Projects inflows which are realistic and are based on the promised-to-pay dates of customers.
  • Gives restricted access to sales persons who can view and follow-up invoices of their customers/accounts.
  • Maintains communication history in a central place which can be accessed by any user who has access to that customer.
  • Monitors collection targets vs actual collections by sales person, credit controller, by region, or by city.
  • Provides receivables aging grouped by branches and sales persons.
  • Provides reminders on your smartphone to follow-up with customers.
  • Sends automated emails to customers on invoice due dates and promised-to-pay dates.

BTC provide the best possible service to its clients at every opportunity, and our services for accountant provide a unique opportunity to do just that. If you are using customer relationship management (CRM) or enterprise resource planning (ERP) software, then it’s a great time to provide numerous important benefits to both your organization and your client.

Whether you are small business consultant or an accountant looking to offer your clients the best SME Cash Flow Management software while generating additional revenue for your business, we have got the right partnership for you. See how partnering with us can put you in the perfect position to help your clients grow their businesses while you grow your own. Explore our ERP solutions  to find the one that fits your business goals.

Help your customers find the extra tools they need to succeed and earn more from your existing base by adding ERP solution to your service offerings. We are ERP Solution Providers in Dubai  that provides are business application experts who deliver complete CFM solutions, from selling licenses to implementation and support. Solution Providers have demonstrated accounting/ERP, CRM or ecommerce expertise delivered with proven methodologies that ensure your success.

ERP Solution for Cash Management Features:

  • Generates realistic cash flow forecasts with a single click.
  • Reminds you to follow-up for payment on invoice due and promised dates.
  • Provides sales, and receivables reports on the smartphones.
  • Automatically emails payment reminders and statements to customers.
  • Maintains history of communication with customers & vendors.
  • Manages Post Dated Cheques (PDCs) received and issued.
  • You can give restricted access to salespersons to follow-up their accounts.
  • Gives you a list of overdue invoices not followed up.
  • Gives daily mobile notifications to users based on their roles.
  • Allows you to call customers directly from the App and enter promised dates.
  • Allows you to send statements through email and on WhatsApp directly from the App.
  • Syncs with major accounting and ERP softwares. No need to enter data twice.
  • Provides reports that show actual sales Vs targets, and actual collections Vs targets.
  • Provides various reports grouped by region, state, city and sales person.
  • Easy to use and Instantly deployable.

 

CASH FLOW PROBLEMS? YOUR ERP CAN HELP WITH THAT

The key to understanding how an ERP system can help with cash flow problems is to think about what it does best: automate and integrate. It can automate routine tasks such as billing and invoicing—and integrate with systems such as accounting and finance—to run reports on unpaid invoices, past due invoices, cash flow, and much more.

Your ERP system can help you improve your cash flow in the following ways:

  • Report late purchase orders: Orders may not be shipping out of your warehouse because only partial orders arrived. With late purchase order reports, you can see at a glance what you may be missing to fulfill orders. You can then follow up, improving both cash flow and customer service.

 

  • Run purchasing and planning reports: Purchasing and planning reports can help you plan your inventory more effectively. Businesses often have most of their capital tied up in inventory purchases, and any excess inventory merely takes up space and bogs down money that could be spent elsewhere. Purchasing and planning reports can help you decide what to restock and when to order it. It helps you plan more efficiently and effectively for the future to keep stock levels sufficient, without creating overages.

 

  • Streamline workflows: Improving efficiencies can save you time and money. Remember that an ERP system automates as well as integrates. What processes are you doing manually now that can be easily automated in the ERP system? Many of these processes, once automated, can save considerable time, thus freeing up personnel for other tasks.

 

  • Follow up on past-due invoices: Another benefit to an integrated system is that you can easily see which invoices are past due. Following up on open invoices can add cash back into the cash flow and close out some past due accounts. It is easy to see these open invoices on an ERP system.

 

  • Know your cash flow: ERP systems provide you with accurate, real-time reports. These reports can help you keep a close eye on your cash flow. Many companies now struggle to understand their cash flow simply because they lack data on specific transactions, patterns, and more. With easy-to-run reports, you can quickly review your current cash flow situations. More importantly, you can get to know your cash flow and how it fluctuates on a daily, weekly, or quarterly basis. It’s the start of regaining control over your cash flow.

 

AN ERP THAT’S RIGHT FOR YOUR BUSINE

Cash Flow Management With SAP Business One

SAP Business One in Dubai provides a number of tools, reports and options to help you manage your cash flow. After all if your business is like most small to medium sized businesses in UAE then managing your cash flow will be one of your most important priorities. SAP Business One Cash Flow Report – allows you to analyse cash flow based on revenues and expenses with the ability for the user to define the level of detail for individual results.

Cash Flow Management With SAP Business ByDesign

SAP Business ByDesign ERP solution provides financial management features that include a cash flow management module designed to help small- and mid-sized manufacturing businesses better manage statements and bank accounts. Cash flow management tools support the ability to identify future trends with real-time visibility and periodic forecast analysis using customer and supplier transaction data.

Cash Flow Management With Sage 300

Cashflow management for Sage 300 in UAE offers a unique opportunity to forecast cash flow and manage bank balances inside Sage 300 by auto-generating transactions, manually entering provisional ones and running “what if” scenarios. It integrates with Sage 300 Bank Services, General Ledger, Accounts Receivable, Accounts Payable, Purchase Order and Sales Order modules, to deliver an unprecedented user experience

Cash Flow Management With Sage 50

The Cash Flow Manager is a tool that shows you the amount of cash expected to come in and go out. You can create forecast scenarios and export them to Microsoft Excel. There are different ways you can manage your cash flow in Sage 50 in Dubai. To improve your cash flow, it is necessary to increase the money coming into your business (revenue) or decrease the money going out (expenses)

For more understanding and assistance, contact our experts

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It begins with people: digitizing your HR and your Business, with BTC HRMS https://btc-me.com/blog/it-begins-with-people-digitizing-your-hr-and-your-business-with-btc-hrms https://btc-me.com/blog/it-begins-with-people-digitizing-your-hr-and-your-business-with-btc-hrms#respond Wed, 11 Sep 2019 08:20:55 +0000 http://btc-me.com/?p=4392

BTC HRMS represents a suite specifically for HR that not only integrates with legacy systems but can also take its place among other members of the company’s applications, which help manage, plan and maintain any organization, literally from front to back office.

Some functions can and should be pushed to employees for self-service, while others, such as integration with existing systems (ERP and Finance platforms, for example) remain with HR – but have the repetitious and resource-consuming tasks removed and automated.

The company’s customers come from a broad range of verticals across the world: professional services, public sector institutions & higher education, not-for-profits and many in service-oriented businesses.

For the HR department in your business or organization, automating troublesome and often repetitive tasks frees up staff and drives efficiencies. Tasks like leave and attendance tracking, time management (the company even offers physical clocking devices for every setting), payroll system and time-sheeting are automated, and where appropriate are ported to employee portals, so there’s no data entry necessary in the HR offices.

Staff training and on-going development

Staff training and on-going development – incredibly important in today’s seller’s jobs market – are handled on a personalized basis, with each staff member able to access their bespoke plan: self-taught, one-to-one, group learning, exams and certifications are all handled by the BTC HRMS platform.

Staff appraisals

Staff appraisals are also integrated into the employer/employee relationship cycle, offering unique opportunities for monitored feedback and dialog. Staff will be involved and empowered by BTC platform, so the positives spread right across the organization (and are not just confined to the HR department).

Hiring management

As workforce needs become apparent, HRMS presents a one-stop hiring management resource that integrates with the rest of the enterprise’s systems, saving time and money as HR proactively collaborates with colleagues who request new staff and personnel changes. There are also a host of tools for manpower planning and budgeting, so costs don’t spiral, and the company stays on track.

The HR department’s digitization and streamlining maximize organizational efficiency and allow rapid response to changing circumstances. Resources’ flexible deployment means big cost savings, happier and more strategically-focused HR staff, and a wider workforce that’s on-message, engaged and productive.

To learn more about HR and payroll software comprehensive suite  click here for a demo. And to find out more about digitizing and revolutionizing the way you handle your most important assets, your people, click here

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What’s the Secret to Business Efficiency? ERP Efficiency https://btc-me.com/blog/whats-the-secret-to-business-efficiency-erp-efficiency https://btc-me.com/blog/whats-the-secret-to-business-efficiency-erp-efficiency#respond Fri, 23 Aug 2019 10:26:57 +0000 http://btc-me.com/?p=4342

To run a successful business, you need to be efficient and well  organised. Inefficient operations can quickly affect your bottom-line.

How can a company improve efficiency?

There are simple ways of improving efficiency in a number of business areas, including:

  • Customer service
  • Distribution and delivery
  • Wastage costs

Your customers are the most important resource in your business. By listening to what people say about your company and products you can greatly improve the service you provide.

This is a classic case of business inefficiency, but there’s a way to fix it: ERP efficiency.

They Share A Central Database

In an organization there are several types of data, consumer data, employee data, production data, inventory data, financial data. All companies use databases to create, store and manage data. Advanced ERP systems such as SAP B1 can work any database, any platform and with any operating system. Some databases are inter-related- for eg. employee data is shared by HR, Finance and administration but in ERP systems each division doesn’t maintain a list of employees but fetches it from the HR Department. Therefore, duplication of data is avoided. Likewise, the consumer database is shared by finance, sales and distribution, marketing and public relations. But there is no duplicaton of data as all departments fetch the data from the central server or database. Central database enables economizing on database maintenance costs.

Implement Marketing Automation        

For understaffed marketing teams, marketing automation software can be a lifesaver. We recommend finding a platform that’s easy to implement and easy to use.

For automation erp products Sage 300, Sage 50 saving time on data entry reduces errors and frees up your staff for more strategic work.

Benefits Both Start-Ups And Traditional Businesses

Many large companies that were running legacy systems and databases unable to communicate with each other slowly started moving to ERP platform in the 1990’s and 2000, the process still continues.

For start-ups, they have the advantage of starting with smaller ERP implementations that can be scaled up as the organization grows. Start-ups can use SAP Business One For SME for the greatest efficiency

Centralize Communication

Every single team should communicate clearly and in the same manner. Using a collaboration software with well-defined communications, file-sharing, naming and version-saving conventions is key.

Explore Digital Integration

Properly integrating digital solutions can improve efficiency in numerous ways. As Jetsmarter demonstrates, technology can automate time-consuming tasks, allowing employees to focus on things that require human attention. Faster, easier communication is a consistent result of digital integration. Reports are generated and shared more quickly, problems come to light sooner, and employees can collaborate more easily with one another and your customers, too. Thorough digital integration is truly a must-have to boost efficiency.

For Integration purpose sap business one, sage 300 are best products to do the task

Build Communities And Resources

One of the best things you can do for your business is to create communities. “You can’t put a price on it,” Petrossov says. “The people you meet are a reflection of how successful you will be. …Opportunities open up naturally.” In Petrossov’s case, it was a simple matter of encouraging communities that were already developing around his product.

Reporting And Analytics

Waiting on reports is a drag and it can harm your agility. ERP efficiency relies on flexible “what if” and ad hoc reporting that speeds decision making.

Answer questions faster and easier with charts, graphs, and KPI-focused dashboards that keep your finger on the pulse of the business. SAP Business One Reporting and Analytics serve the purpose

Audit Processes

Map out a workflow to describe processes your employees should follow when selling your products. By looking at all the tasks they need to carry out, you can often spot opportunities to save time and avoid duplication of work.

User-Friendly And Involves The Entire Stakeholders

Enterprise Resource Planning is not a sophisticated system that is only for programmers, managers, decision makers or techies in an organization. The system recognizes the importance of the most junior employee and they have a role as end users. They are the people who input data- for eg. in the sales department, the sales clerk inputs customer data such as name, email id, age, address, mobile number and purchase details to create sales order and subsequently the invoice. The company also needs the help of functional consultants who understands the various business processes with an organization – such as Finance, HR, Accounting, Inventory and help in the development of modules. They define the requirements, parameters and what all types of data, type of permissions required. The coding and backend configuration is done by technical consultants of BTC who are experts in BASIS, and HANA

Takes Advantage Of The Cloud And Mobility

Many companies find implementation of ERP on site to be expensive, taking more space and integration with in the organization. Luckily, there are cloud service providers like BTC who enable full or partial storage of data, software and the platform to run it. This enables companies who have critical data that needs to be secure to be held in their own servers while getting more generic work done in the cloud platform. ERP systems like SAGE 300 are also deployable on the mobile, so that salesmen, marketing executives can update information in real time enabling quicker response from the decision makers in the corporate headquarters.

With cloud has emerged Software-as-a –Service (SaaS), Platform-as –a – service (PaaS) and several pay-per-use packages which has drastically reduced implementation time required in the traditional on-site models and drastically cut costs of ERP implementation.

ERP Improves efficiency across departments

As ERP integrates each department into a central database, finance, marketing, manufacturing and inventory control improves. Data comes from sales, finance, and various business units with different sets of numbers, ERP integrates them giving a snapshot for CEO to assess. Reporting formats and procedures can be custom made for each organization enabling collaboration and discussion between departments. Manufacturing processes can be streamlined using automation features of ERP, inventory control is better through the centralized system and the customer is taken care of in the entire life-cycle of the product – whether it is five years or seven years.

ERP is known to give positive ROI in a year

The implementation of ERP may take one to three years in a conventional scenario but with Cloud based computing the time frame has come down. According to surveys, companies which were focussed on return on investment (ROI) at the beginning of the ERP implementation could see significant results happening after a year. It could be in the form of cost reductions, quality improvements, customer satisfaction, reduced employee count, redeployment and improved market share.

Apart from proprietary ERP systems in Dubai such as SAP Business One, Sage 300, Sage 50, a few open source platforms have emerged making it cheaper and easier for solution providers to work on

Regulatory compliance

A benefit of ERP software which sometimes goes unnoticed is how it ties well into regulatory compliance within a number of different industries. Powerful ERP solutions will keep track of regulations within the industry and monitor changes in compliance.

In SAP B1 UAE VAT is automatically calculated in manual journal entries (including those created through recurring postings, postings templates and journal vouchers).

Sage 300 ERP UAE support you to implement and manage any complicated VAT requirements. Sage 300 ERP Dubai, UAE is a completely VAT enabled solution for small and medium sized organisations.

Sage 50 is VAT Enabled software, generating reports with details analysis. It is Integrated with intelligence Reporting feature, sage 50 ME gives a clear view of invoices and statements.

Are You Ready for ERP Efficiency?

The decision to purchase an ERP is a big one and your company should know all the facts before choosing a specific solution, vendor, or reseller. Taking risks is an important part of exposing inefficiency. It can be daunting to move away from processes that seem to have stood the test of time. Your reward, though, is discovering which practices no longer are relevant to modern business needs. Every entrepreneur must learn to evaluate unexpected opportunities and have the courage to explore them. Doing so drives industries forward and propels individuals and companies to success.

However, ERP systems are secure ensuring confidentiality of data, preventing unauthorized use or sharing of data within the company and outside. It is capable of being integrated with the e-commerce division of the company. Even pure play e-commerce companies need to have robust ERP systems in the back end to provide good customer service and optimize production, marketing and delivery of goods.

Unless employees are properly briefed and trained on working with ERP systems, implementation processes may not be smooth.

Many ERP implemented companies are looking for people skilled in ERP software at the entry level itself but not many of them are available. The knowledge gap is being bridged with the introduction of e-learning programs by companies such as SAP which helps both students and industry people to learn and acquire ERP skills.

Running costs may be reduced by high initial costs could be a dampener in ERP implementation, according to analysts. The system is robust to face any internal threats but most systems are vulnerable to external attack compromising the data of customers.

Yet advantages overweigh disadvantages especially in a competitive, multi-location operation most companies are into. It is also suitable to take care of tax and reporting compliance of various regulators. It can handle multiple currencies, symbols and offline, online payment systems.

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7 Ways How Sage 300 ERP Help Optimize Business in Dubai https://btc-me.com/blog/7-ways-how-sage-300-erp-help-optimize-business-in-dubai https://btc-me.com/blog/7-ways-how-sage-300-erp-help-optimize-business-in-dubai#respond Thu, 08 Aug 2019 10:36:47 +0000 http://btc-me.com/?p=4327

Enterprise Resource Planning is the thread that bounds all the critical elements of business together. Nowadays, there are various ERP software applications available in the market that help you in managing your business process in Dubai.

One of the most prominent ERP software available in the market today is Sage 300 ERP. From construction to manufacturing, it is the preferred choice of every industry in UAE.

How Sage 300 ERP Help Optimize Your Business

The Sage 300 ERP software in Dubai enables you to access all the business processes necessary for your business to function on a single platform. Keeping track of orders, real-time inventory status, automating your finances, and managing payments are only some of the various features that the ERP software offers.

However, it is also necessary to consider that when any software is installed on any platform, its capabilities are bound by the restrictions of the same. Hence, when the Sage 300 ERP software is installed on your local PC, the hardware specifications of your PC defines its performance.

For years, the businesses were looking for a better environment to optimize their business process. Here is where Sage 300 solution computing came to the rescue.

Let us have a look at some of these benefits and how they enhance the way Sage 300 ERP functions.

  1. Mobile Operations

With Sage 300 ERP Solution in UAE, you can introduce mobility into your business operations. In today’s fast and interconnected world, it is almost impossible to handle business operations while sitting behind a desk.

The ability to work remotely and be close to your process at all times leads to high productivity and less mental stress of trying to reach the office.

  1. No Hardware Worries

All the hassles related to hardware are eliminated with Sage 300 ERP Solution. The hassles referred to here are the same that you experience every day in your office. The malfunction of local PCs is a common occurrence which can be fixed only by hardware replacement.

Moreover, if you want to upgrade the hardware, i.e. add more resources like RAM, storage, or processing capabilities, it can be done by manual hardware replacement only.

  1. Highly Secure Process

Sage 300 ERP software contains the data of multiple business processes on the same platform. However, the data stored on the local setup is subject to be lost or stolen due to the limited security safeguards in a local setup.

Another main concern for businesses is the cyber attacks that are rampant nowadays. The major Sage 300 ERP hosting providers ensure that the traffic is thoroughly analyzed and filtered before being incident on their server. To ensure the same, they deploy security safeguards like data encryption, multi-factor authentication, Intrusion Detection and Prevention System (IDS & IPS), access controls, among others.

  1. Round-the-Clock Support

Support is the main parameter against which all the Sage 300 ERP hosting providers are analyzed. A reliable customer support ensures that you relieved of all the worries related to the technological aspect of your business. It eliminates the need for an extensive IT workforce at your office premises.

The Sage ERP Solution providers offer 24/7 support to all the customers which ensure that you are never left unattended in the case of any issues. Low resolution and response time are necessary to make sure that all the issues are resolved successfully and on time.

  1. Total Availability

Total Availability refers to the condition where your Sage 300 ERP is functional and available to you at all times.

  1. Business Continuity

The advanced security safeguards are essential to secure your data against any unauthorized access and cyber attacks. However, certain circumstances are unavoidable and cause the loss of data. These are called disruptive events and can be anything from earthquakes to fires. Hence, the necessary steps should be taken to protect the integrity of data during these events.

  1. Reduce Expenses

No technology can be considered as an option if it does not fit your budget. The same case applied to cloud technology. If cloud technology is not able to fulfill your requirement under affordable prices, you will not even think of migrating your Sage 300 ERP software to the cloud.

However, hosting Sage 300 ERP on the cloud is the most-efficient option available in UAE. Firstly, it reduces the cost of capital as well as operational expenses. Secondly, the operational side of the process like migration, setup, maintenance, and scaling are all taken care of by the cloud hosting provider reducing the Operational Expenses (OPEX). Thirdly, since the cloud providers charge you on a pay-as-you-use basis, you pay only for the resources you use.

CONCLUSION:

Sage 300 ERP Solution is a complete package your business needs to get a clear view of all the processes together and optimize decision-making in UAE. When the ERP software is integrated with the Solution environment, the product is a mobile, scalable, and secure ERP solution.

With Sage Accpac in Dubai, the business processes can be accessed from a remote location with portable devices and the Internet. You do not need to worry about the hardware-related issues as the Sage 300 ERP software and data is stored in remote Solution servers.

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Choosing the best HR software: Essential questions to ask | BTC Dubai https://btc-me.com/blog/choosing-the-best-hr-software-essential-questions-to-ask-btc-dubai https://btc-me.com/blog/choosing-the-best-hr-software-essential-questions-to-ask-btc-dubai#respond Mon, 29 Jul 2019 09:02:50 +0000 http://btc-me.com/?p=4299

Looking for HR software? BTC Human Resource Management System offers a complete HR and Payroll Software Solutions for the organization, who wish to increase employee productivity for a business.

We know there’s a lot to think about, so we’ve put together a checklist of essential questions you should ask as a guide if you are looking for HRMS Software for SME in Dubai.

Budget Analyzing

For most of us, the first step in any HR software selection process is to identify the optimal match between system functionality and budget. While there is no point in selecting an HR system that doesn’t meet your essential requirements; putting forward a budget that the business won’t sign off is going to be a frustrating waste of your time.

HR Licence/Subscription fees

  • What are the subscription/licence fees?
  • What are they based on? E.g. fixed headcount, active headcount, modules are taken, user, etc.
  • How are they charged? E.g. Monthly, annually, in advance, in arrears.
  • Can I reduce the fees during the subscription term? E.g. if we have fewer employees or want to drop a module.
  • If so, how much notice is required?
  • What is the minimum subscription term?
  • Is there a cap on data storage? If so, how much does extra storage cost?

 HR Set up/Implementation

  • What set up services are included in the licence/subscription fee?
  • What would a typical implementation for a company of our size cost (and what does that include)?
  • How long would you expect it to take?
  • Do you help with data upload?

HR Training

  • What training would you recommend?
  • Who should be trained (HR, manager, employees, suppliers)?
  • What does training cost?
  • Can training be delivered online/at our office/at your facilities?
  • What training is provided when new features are released?

HR Support

  • Is support an extra cost? If so, how much does it cost?
  • How does support work?
  • Do you have an online support portal?
  • What escalation processes are in place?
  • Where are support staff based?

Maintenance & Updates

  • What ongoing maintenance and update services do you provide as part of your licence/subscription fees?
  • Do we automatically receive new features for our purchased modules as soon as they are released?
  • How are releases managed?
  • Are updates included for free? If not, what should I budget for annually?

Considering contractual terms

As with pricing, you’ll find that suppliers have different contract and cancellation terms. Committing to a long-term contract may not be an issue for you. But, if you would like the freedom to move on if your needs change, it’s important to make sure you pick the vendor with the approach that works for you like BTC

Securing data

As an HR professional, you know how important data security is. As the custodian of personal data, it is your responsibility to secure and manage it in a way that complies with the legal and lawful requirements of your organisation.

Following the 80:20 rule

Our HR software come with the essential HR features. If data upload tools aren’t already in place, or other common features such as security roles, workflows or notifications must be set up from scratch, you’ll be wasting a lot of time and money. 80% of the core functionality you need should be in the system already – and the other 20% you should be able to achieve through configuration.

  • What data can you upload for me?
  • How much do you charge?
  • What security roles are already set up?
  • What authorization workflows are in place?
  • What notifications are in place?
  • Does the system come with standard reports, such as the Bradford Factor?
  • What interfaces do you have in place?

Adapting to your way of working

Organisations don’t stand still, and your HR processes won’t either. So, alongside your check list of key features, it is essential to uncover just how flexible the system is – and how much control you have over set up and configuration. If you are reliant on your supplier to make changes, you’ll need to budget accordingly. Some of the key questions you may want to ask are:

  • Can I create, save and schedule reports to run automatically?
  • Can I add my own forms with workflow authorizations?
  • Can I set up my own security roles?
  • Can I relabel or add fields?
  • Can I create and distribute documents for e-signature?
  • Can I change authorization workflows to route in different ways in different countries or operations?
  • Can I add new countries/languages/divisions/departments?
  • If my license/subscription is based on a fixed figure, what happens if I add more employees?
  • Do you have an API (which makes interfacing to third party applications more straight-forward)?

 

If you are looking for affordable HR software companies in Dubai then BTC is the best choice for you. For more visit: https://btc-me.com/human-resource-payroll-management-solution-in-uae

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