Trending News :
  • Home
  • Archive by category "General"

Category: General

How can I issue GST invoices manually?

Posted by: Maran kavin Posted on: December 22, 2017 , ,

Easy-to-use, Simple, yet Efficient GST Billing Software Exclusively Designed for the Indian Market!

It is a uniform platform across the globe now, with several of the world’s nations having adopted the GST model of taxation. Although several nations have been following this tax structure since long, there are a few that are making the transition from their earlier system to the Goods and Services Tax regime. This necessitates entrepreneurs and businesses to have an efficient and appropriate invoicing system that gels with the new tax regime.

Helping Small Businesses with Invoicing, Reporting, and much More

Importance of Effective Invoicing Under the GST Regime

With unprecedented changes having occurred on the business scenario in the global markets – caused by the paradigm shift toward the new GST system, it has become essential to assure a smooth and seamless billing process. Aimed at enabling businesses to be able to issue invoices efficiently with less efforts, and clients as well as officials to effortlessly view and understand the billing elements, the modern GST invoicing system offers transparency and clarity- thanks to the modern online billing software.

Innovative Online Invoice Software for the Modern Day Business and Entrepreneurs

Unique Features of the Online Billing Software

Aligning with the requirements of the new GST format and its guidelines, the online invoicing system provides all necessary uniform features expected by various nations.

  • All GST taxpayers can design their invoice format according to their own style and requirements
  • Only a few fields have been made mandatory in the invoice
  • Attractive and impressive invoices can be quickly and easily created
  • Inventory tracking feature is provided
  • Financial analysis and reporting are possible
  • Multiple companies can be managed
  • Integrated with several payment gateways, the state-of-the-art billing system enables receiving payments online
  • Customized invoicing software offers multi currency support

Designed to Suit Indian Business Environment – Enables Getting Paid Faster

The Significant Role Played by Digital Invoicing Systems in Modern Business Era

Invoices are seen to be extensions of brands in the contemporary business setting. Being capable of customizing your invoices to include your business logo and stay in your own language are vital in keeping abreast with competitors and achieving business success. The modern invoicing software allows you to control the appearance and feel of your invoices, rendering them attractive and memorable to your customers as well.

Offering various beautiful color themes out of which you may choose yours, the digital invoicing system lets you have your invoice to adopt your logo’s color, or other secondary colors which complement it. It takes just a few seconds to create unique theme for your estimates and invoices. You may even customize your payment receipts. Custom fields suiting to your specific business and easy communication of important details are the highlights here.

Advantages of the Invoicing Software

  • Teams & businesses can be managed
  • Detailed reports
  • Easily prepare elegant invoices
  • Quotations and estimates
  • Tracking time and expenses made possible

 

 
Tips to overcome financial problems and difficulties for business

Tips to overcome financial problems and difficulties for business

Posted by: Maran kavin Posted on: September 8, 2017 , , ,

Regardless of whether you run a small business, aspire to own a startup, or operate as a freelancer, getting started with a free online invoice generator is one of the powerful ways of building your business successfully online.

Significance of Online Invoice Management Tool

Online invoice lets businesses to make invoices quickly with attractive invoice templates. These invoices can be prepared, sent and paid online.  The online invoice tool may be downloaded without the need for any additional software. Freely available, the online invoice management tool enables businesses to make beautiful and customized invoices according to specific needs.

By switching to electronic invoices, you can save time for processing as well as payments, bring down costs, increase productivity, and avoid disputes. By making the process easy and accurate —that otherwise may prove difficult— the online invoice management tool gets invoicing done efficiently and quickly.

Crucial Role Played by Online Invoice Generation App in Business

Proving to be advantageous to customers as well as businesses, the online invoicing app enables enhancing productivity of the invoicing process. It helps reduce considerable man hours and unnecessary processes.

The major challenge of invoice disputes and customized billing that is facilitated by online invoice management app can significantly reduce invoice exceptions. The overall efficiency of the system is improved too. The billing challenges that reduce efficiency and add unwanted costs may be eliminated by using this.

Challenges in Invoicing

The following common challenges can be tackled effectively by prudently using an online invoice generator:

  • Long time taken for approvals and payments
  • Traditional ERP systems may prove time – consuming and have only limited functionality
  • Spreadsheets may be inadequate; they may prevent one from clearly understanding things in detail
  • Presenting financial reports may sometimes become complicated
  • Inaccurate billing may lead to customer wrath
  • Lack of visibility into payment and invoice data

A Stepping Stone for Every Business –Online Invoice Generator App!

What Makes the Online Invoice Generator Software Special?

The online invoice generator software helps businesses to overcome problems and issues by offering the following key factors:

  • It is possible to build simple invoices: Involving nothing flashy, this software is not at all complex. Invoices are expected to be thorough but simple – which is achieved by using this software.
  • Perfect layout for the invoice: providing the specific structure that users need, this software strikes a balance between completeness and simplicity.
  • Online invoicing is possible: Sending your invoice in PDF format to clients directly is possible. After completing your invoice, all you need to do is email it to clients.
  • You can have your hard copy as well: You can save the invoice to your computer and print it.

Offering robust invoicing management solutions to businesses, the online invoice generator is an affordable and great tool suitable for small businesses.

Offering to prepare a complete invoice on the spot with need for easy information filling, online invoice generator makes the lives of entrepreneurs and businesses easier.

 

Best practices for an effective Dashboard for business / MIS (Management Info System)

Posted by: Madhu Kesavan Posted on: April 6, 2017 , , , , ,

Most organizations today are seeking new technologies to enhance operational capacity and reduce costs of operations. One of the main challenges facing any type of organization in the modern setup is enhancing efficiency in an environment of increasing operational costs. One way of enhancing productivity in any organizational setup is by leveraging the data generated and using it in decision making.

best-pratice

The Role of a Dashboard/MIS

A dashboard for business or an MIS (Management Info System) plays a similar role to that of a heart in the body. This system ensures data collated from different parts of your organization are processed and then presented in a manner that will help make the right decisions.

By integrating a dashboard in your organization, you will ensure all teams have the necessary information when they need it. For instance, a supply manager knows the inventory in the warehouse through the warehouse management system (WMS). At the same time, the market department has information from the system showing which products are flying off the shelves and which ones require a new marketing strategy.

Whether you are in the healthcare or automotive industry, you have to set in place systems that will help you optimize the information you have in the organization.  An effective Management Info System helps in strategic planning, operational and management control, scheduling control, goal setting, organization communication, decision making and risk management among other areas. Today, dashboards are the de facto face of business management applications and they are integral in business intelligence (BI).

Dashboard/MIS Implementation Challenges

While dashboards and information management systems have become ubiquitous in modern business, there are still challenges which most companies face in the implementation of the systems. In some cases, dashboards are created on-the-fly and with time they become loaded with meaningless information.

For every dashboard that is an integral tool in a business, there are thousands which are just pretty interfaces full of graphics which will not help business teams. The early days of dashboard integration into business involved fusing pretty graphics with the right information displays. While this might sound like an ideal solution, there is still more that needs to be done.

Modern web MIS and dashboard design now blends usability, utility and aesthetics to provide a system that adds value to an organization.  In order to achieve this, it is important to observe the best practices for an effective dashboard. Below are some of the guidelines that will help you achieve this:

  1. Design A Purpose-Filled Dashboard

If you don’t know the application, business case behind the app, there is no way you are going to build a helpful dashboard or MIS platform. Your design must start with these questions; who is your audience? What is the value of the dashboard to the target audience? What type of dashboard is best suited for this audience? In essence, you have to know the role of the users in the organization, their workflow, skill range, business data expertise, and customization needs.

  1. Involve the Users

Truth be told, most people are resistant to change and one way of encouraging your staff to embrace a new dashboard or MIS is by involving them in the design. In fact, it is recommended that every stakeholder in your business, from the supplier, vendor and driver, to the inventory manager and accountant, should have a say in the design of your dashboard. This creates a sense of ownership and they will not revert to their beloved spreadsheets after you have launched the system.

  1. Use Iterative Design

If you want a dashboard that will be acceptable to the users, make sure it is developed using an interactive design. One of the main concerns faced by dashboard designers is the fact that clients always return after the project is complete claiming the dashboard doesn’t fit their specifications. It is important to request the designer to follow iterative design where a cyclic process of prototyping, testing, analyzing, refining, feedback and finally the end product is used. The idea is to ensure users love the dashboard you provide.

  1. Focus on Form and Content

What you are going to include in a dashboard should be a key factor which even surpasses the look. The format is important but the content matters even more. In terms of form, consider the structure, design principles, and functionality. Factors that may influence the dashboard form and content include timelines, aesthetic value, mobility, collaboration, data details and density.

As a rule of thumb, when designing a dashboard, make sure you add performance indicators, use basic designing principles, keep data fresh, include actionable information and don’t overload.

A dashboard presents crucial information for better management decisions. At W2S Solutions, we build complex web and mobile applications and build Dashboard that helps SME’s and Entrepreneurs to promote their business.   To make the dashboard really useful, application has to be filled with quality datas and It’s high priority to finish the whole system before getting into managing the datas.

 

How to hire a Chief Technology Officer for your business?

Posted by: Madhu Kesavan Posted on: December 19, 2016 , , , ,

How to hire a Chief Technology Officer for your business?

I was recently asked to provide a Job Description to hire a CTO.  It can’t be given over the phone and I thought its good to write more.

Not every great idea is actually successful when it makes to the market. This is where a CTO comes in. A Chief Technology Officer can help make the difference between an Innovation app or just an app sits in the shelf.

Hire CTO

What a CTO does?

It is challenging to find a technology entrepreneur who understands the world of business. Many entrepreneurs will believe their product or idea will be the best gift to humanity, but fail to develop a successful IT strategy for the long term success of their company. A CTO’s primary task is to ensure that the IT strategy for your idea will serve your company’s business strategy.

  • They help with technical design and platform selection

Do you have the tools and resources to bring your idea to life? Your CTO will guide you on the best path to take in order to provide the best design that your customers will be able to appreciate and afford. They’ll help ensure that team remains in check to ensure that your plans remain viable.

  • They see the bigger picture

You may think your idea is the greatest thing that everyone’s been looking for and market is investing Millions surrounding your Industry. It really helps to have someone who keeps things in perspective and look at the bigger picture.

The CTO keeps the capabilities of your technology and what it lacks in the forefront of their mind. They know what it can and cannot deliver. They understand your idea from what is written to what isn’t. They know its architecture and what it will take to bring it to life.

  • They’ll help you see options

CTOs are able to see the potential in an idea and help steer its development. When everyone else is tempted to say no or ‘we can’t, CTOs will see the possibilities and help everyone see them too. They’ll determine what needs to be done to achieve these new possibilities and how much it would cost. They’ll help you determine which option is dangerous and which would be worth considering.

  • Budget

They will help to manage IT spending by choosing wise options. Once you are famous and your Idea is wisely implemented, Cyber attack is an area to focus more.  Providing a cyber security to your app is similar as securing your country’s border. You would not know the pressure, heat till you were in CTO’s shoes.

How to Hire a CTO for your Startup?

Some startups need a CTO early in the development process. Others can go without a CTO for some time. Whatever stage you are in development, Learning how to find a good CTO will come in handy whether you want to hire one now or later on.

The following are some essential tips for finding a great CTO.

  • Define the requirements and job description for your CTO

You need to determine what type of person would be best suited for the role. Some characteristics that make a good CTO include:

  1. Experience

You’ll want to work with someone who has been down this path before and been successful.  They must have built SaaS based Enterprise applications and successfully launched it.

  1. Openness to new approaches

You’ll want to have a CTO that seeks to understand different approaches. You won’t want a person who thinks they know all and won’t want to even consider a new approach to a subject.

  1. Looking to advance their career

The candidate should see the CTO position as a stepping-stone in building up their career. They should be hungry. They should really want to take on the role of CTO.

  1. Familiar with variety of technologies

Avoid anyone who says they can only code in one language. The technology landscape is changing fast and you’ll need someone who can handle different technologies such as Web and Mobile applications development in order to ensure that your product remains relevant.

  1. Willing to wear multiple hats

Your CTO won’t be coding all the time. They’ll have to be able to carry out various tasks. It is therefore important to hire an individual who understands this.  Nowadays they will have to know about cloud computing, server administration, cyber security, and do competitor analysis. Having hybrid skillset including business and IT is a great asset.

Your CTO should have the right technical skills. They should also have the right soft skills. Decide what soft skills are important to your company e.g. motivation, mentoring, integrity or patience to stay with you. They should fit in with your company’s culture. Though everyone works to make money, but you cant enforce a CTO to just work for cash / equity unless if there is no real bond and love your idea.

CTOs come in all types. Some are technical wizards while others are visionaries. You’ll need to identify what you need in order to find the one that suits your company’s needs. Whatever it is, Trust will be the main factor moving further to have a successful relationship.

Let us know if you are looking for a CTO and best of luck!