Accounting and Payroll Software – Ten Reasons Current Software Technology is Crucial to a Business

As a business owner, it’s easy to make accounting and payroll software a low priority. After all, you are busy making sure sales are up, costs are down, profits are high, and everyone is staying productive. Unfortunately, it’s so easy to fall behind if you don’t stay abreast of technology, and when that happens you can quickly lose the benefits that the software was supposed to provide in the first place. Here are ten reasons why keeping your accounting and payroll software technology current is crucial to the successful operation of your business.

1. Hardware Compatibility: The old dot matrix printer still works fine, humming away in the corner, printing your invoices dot by dot. Hey, you can’t hear each other speak over the noise, but you’ve become accustomed to it. So, why move? This is an all-too-common scenario, whether it’s a printer, computer, or a long list of other hardware devices. For a business, hardware is an important component which allows you to print invoices, save valuable files, communicate with customers, and much more. The older your software system gets, the less likely you will be able to keep on performing those functions in a timely manner, and eventually you won’t be able to at all. The software you are using plays a huge role in the hardware you are able to operate. Compatibility with new hardware is why it’s important to keep your software up to date.

2. Safety and Security: The good news is that we are now able to communicate much more quickly within a business, and also with outside contacts such as vendors and customers. E-mail, instant messaging, and a host of other modern technologies make communication much faster! But the downside is that there are also many more security threats. Keeping your software technology current helps keep your data safe from hackers!

3. Time Savings: If you’ve been doing things the same way for many years, it’s easy to believe that your way is the fastest way available. After all, learning a new system does take time. But in the long run, things like running reports, processing invoices and keeping track of data are generally done more quickly with newer technology.

4. Company Image: How do your customers feel when they receive and view your invoice? Is it printed on nice paper with your logo and a custom message? Or is it printed on thin paper with tear marks on the sides, barely legible because of printing issues? Do not discount the fact that what your customers receive from you impacts their image of you. Having newer technology allows you to print documents and perform other functions that look much more professional than they did years ago.

5. Customer Satisfaction: What happens when your customer asks to view all of their sales from you for the past three years? Are you able to help them, or is your historical data limited? This is one example where your technology affects your customer satisfaction. By moving to newer technology, you can improve your customer service and meet the needs of your customer more quickly and easily.

6. The Green Factor: Older programs often require the printing of documents such as reports, financial statements, invoices, orders and other documents. Newer technology offers the ability to keep track of and send such communications electronically, saving many trees per year!

7. Crucial Updates: If the software technology you are using is extremely old, chances are your program is no longer being updated or enhanced by the company who developed it. You may think your program doesn’t require any more updates because it’s been around for so many years. The truth is that updates and enhancements help keep your software compatible with everything else on your computer. By not receiving updates, you will experience more and more problems as other technology moves forward. Moving to newer technology can assure you get the updates to keep your company safe and secure.

8. Support and Help: Many older programs are no longer supported, meaning there is no help available in case of questions or problems you may have with the software. While you may know the software well, there are always questions that arise with the advancement of other technology you are using. Maybe you installed a new printer or need help getting a time clock working with your software. Or perhaps a new employee started who is unfamiliar with the program and has questions. In cases like these, having support available is crucial to the function of your business.

9. Compliance: These days even the government is starting to require companies to have a certain level of technology. Certain government forms must now be submitted online, and no doubt that trend will continue. Older programs often cannot handle the newer tools necessary to stay compliant, and moving to new technology will be needed to meet those requirements.

10. The Band-Aid Factor: If you have ever had an extremely old car, you are all too familiar with the process of fixing one thing after another until you are worn down, and your pocketbook is empty. Trying to get anything old to keep working can become tiresome and can also become extremely expensive. Because you are keeping so busy trying to make the system work, you may not even be aware of how much time and money you are spending to hold everything together. Moving to newer software technology can seem challenging at first, but it is typically the best option for your business in the long-term.

An Insight Into Online Software Technologies

The evolution of the Internet has by and large shrink the world of communication to a great extent. While Online software help reduce distances by faster communication, providing a wealth of information, a host of services and products to its end-users, wholesome entertainment, it also brings with it inherent disadvantages such as spamming and potential threat of virus disrupting the entire set up. But the advantages far outweigh the disadvantages.

Online Software and Technologies:

Many new technologies replace old ones each day and this is growing. For example, with the release of iPhone in 2007, it was quite novel in mobile phone designs and nice ringtones then. But soon the battery became a non-replaceable component, thus outdating the product.

Let us have a look at mobile technology. The Logitech mobile speaker system is a very compact case, and makes all your phone calls and music wireless. It supports the Bluetooth profile and comes with a USB.

Online Television: If by chance you are not able to catch up your television for a debate, the site hulu is coming up with a live stream that will update you with its soaps and debates.

Among mobiles, AT&T’s Samsung Rugby is tested to endure rain, vibration, humidity, dust, solar radiation and very extreme temperatures. It has been tried and tested for the facts claimed.

One Japanese manufacturer namely Sanyo has come up with a new laser that allows the speed and capacity of blue ray discs to augment significantly. It is almost capable of releasing a beam of 450 milliwats.

Scope of Online Technologies:

A majority of Fortune 1000 companies are considering to host online communities by the year 2010. Companies wanting to do business with the `virtual generation’ will need to connect with social applications to engage and attract customers and gathering information on their desires and wants, in order to provide them such services and products. It has been proposed that by the year 2010, around 60% of the Fortune 1000 companies that own a website will host or connect to their online community, exclusively for customer relation purposes.

The applicability of Internet is bound to become ever useful to businesses. Soon you will come across all kinds of electronic sensors that will be hooked online, thereby making it possible for sharing much more information among customers, suppliers, buyers and regulators. Many attempts have been made to optimize and promote usage of Internet as a vital source of information. Nevertheless it remains a fact that the Internet is here to stay for ever and is an inevitable tool for smooth transition of information and services.

Collaboration Software: Index of Collaboration Software Technologies

Collaboration Software

Collaboration Software, also known as group collaboration software or groupware, is software which allows cooperation on a business document between multiple parties on multiple computers. Collaboration software also allows the integration and merging of document changes and versions on a business document.

There are two types of collaboration software: IT centered and low IT involvement. IT-centered collaboration software, like many document and content management platforms, requires new IT infrastructure, training, maintenance and support. Low IT involved collaboration software communicates collaborative information to all parties involved using the existing IT infrastructure and with little or no training and maintenance, making open collaborative software more diverse and less expensive. This type of collaboration software also manages the ad hoc processes of business collaboration, assisting businesses even when the workload and deadlines create a hectic and disorganized schedule.

This article presents an index of collaboration software technologies to assist businesses in finding collaboration software that works for them. Any given internet search on “groupware” or “collaboration software” will yield millions of results. Knowing what technologies to look for will help whittle down the results to a groupware that works the way businesses work.

literally threads together multiple drafts of a document by placing a tag in the metadata of the document. Each time the document is edited or changed, the changes are tracked. When it comes time to merge versions of the document into the final draft, each version will be accounted for. In addition, those who work on the document will know what changes were made, when they were made, and where and by whom the drafts were saved.

Digital Signature is a signature appended to e-mails sent back and forth with draft attachments during the collaboration process that informs the user which draft it is and by whom it was saved. Finding the latest version of a document is very simple to track.

Version History ties everything together by presenting a visual flowchart outlining the “genealogy” of the document. Each draft is accounted for, and the who, what, when, where, and why of the document and its drafts are always answered.

Merge is usually the final and most difficult step of document collaboration. However, adopting the right collaboration software simplifies this process by allowing you to compare the changes in a document, even when those changes are saved in different locations or in your email account. Merging documents is often synonymous with sifting through document chaos, but collaboration software suites which can manage ad hoc business collaboration simplify the tracking and merging of document drafts.

Conclusion

Businesses move quickly, and collaboration software needs to be able to keep up. Business collaboration can be a messy ad hoc process, and collaboration software needs to be able to manage it. Merging business documents can be confusing and chaotic, and collaboration software needs to be able to simplify it. Digital Thread Technology, Digital Signature, and Version History are technologies that have combined to find a way to work the way businesses do.