Since 2015, all companies that work with the public administrations are obliged to issue and receive digital invoices. It was the first step to promote the adaptation of business systems to this electronic document which, as we indicated, is one of the pillars of the plans to deploy the paperless office. as of 2023, electronic invoicing will be mandatory for transactions by companies that invoice more than eight million euros per year. In 2025 it will be extended to all types of entities that carry out an economic activity. The fact is that, at the moment, this adaptation is costing SMEs.

Do you think that the digital transformation process that SMEs are undertaking will be enough to achieve the purpose of adopting electronic invoicing? The fact that it is going to be compulsory makes it inevitable. And it should also be noted that through the digital kit and the electronic invoice section, at least the road is already beginning to generate invoices in factories format. The grants from the next generation eu funds are an essential boost for SMEs to digitize the flow of issuing invoices to their customers. However, there are two sections: large companies, which must be ready before the end of 2023, and micro-SMEs, which will have two more years to go.

Do you consider that this distinction is also known, in general, as well as the expected deadlines? This issue is going a bit unnoticed by small businesses that, until the time comes, I am afraid they will not make any move in this regard. On the other hand, it will be necessary to see how the rule is for the most prominent companies that will have to adapt within two years from its publication. From my point of view, unification is essential because right now, many companies only allow electronic invoicing, but each has a different system.

Do you think that the cost of starting the process makes many SMEs decide to wait until the end of the established period before taking the step? Or are there more reasons not to? as I mentioned before, SMEs will wait until the last minute unless one of the large companies requires them to bill for this new system, in which case they will have no choice but to use this service?

What role do you think the canal should play here? The option is to inform our clients with some document prepared specifically that, from the outset, clarifies all the points that they will need to know to join these functions. Before proposing possible developments, they must be aware of the new situation. Once the environment that opens up has been analyzed, it will be time to implement the appropriate technology and optimally integrate it into your management systems in a personalized way according to your needs.

Also Read: What Is Outsourcing And Why Is It Important For Businesses

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Why Choose Business Management Software

First of all, the fact of choosing a business management software specially designed for SMEs and VSEs allows you to support you on many objectives of your daily life, such as:

• The acquisition of new customers,
• Cash flow management,
• The administration of your payments.

Saving time on these tasks thanks to a tool for automating the direction of your company allows you to reduce your costs on accounting and business development positions. By devoting yourself to your core business, developing your expertise and satisfying your customers, you increase your turnover and create new development opportunities.

Five Business Management Software Adapted To SMEs

So, are you ready to save time on business and operational accounting tasks? Here are five management software fully adapted to small and medium-sized enterprises.

Microsoft Dynamics 365 Business Central

Microsoft, which offers a business management solution that adapts to SMEs: Microsoft Dynamics 365 Business Central. This tool is an all-in-one management solution resolutely geared towards SMEs. If you are the manager of an SME, it allows you to manage:

• Your contracts;
• Your finances and cash flow;
• Your stocks;
• Your production and logistics operations;
• Your business relationship with your prospects and customers.

The main advantage of Dynamics 365 Business Central? All the departments of a company can therefore use it to lighten the processes and maximise the company’s productivity.

The Sage Accounting And Invoicing Suite

The Sage company has a software suite including accounting and business management functionalities. Sage Compta et Invoicing is aimed primarily at small and medium-sized businesses as well as self-employed entrepreneurs, through very comprehensive functionalities, such as:

• Management of the sales funnel;
• Control of the purchasing strategy;
• Control of the company’s cash flow;
• Automatic calculation of VAT;
• Reporting tools to regularly take stock of your performance.

EBP

EBP is also one of the best-known commercial and accounting management solutions. Oriented towards small businesses, in particular craftsmen and self-employed entrepreneurs, the EBP management solution includes both:

A CRM

• Functionalities for piloting commercial development,
• The integration of options on the company’s taxation,
• Accounting and retail management functions (payroll management, for example).

Your CEGID Y2

Along with Sage and EBP, Cegid is one of the influential groups developing accounting and sales management solutions. The company launched its SaaS solution: Your CEGID Y2, cloud-based software. Designed for medium-sized companies, it is not on the other hand for companies with less than 50 employees.

Your CEGID Y2 includes several sections:

• An accounting and financial management part;
• An area for human resources and payroll management;
• A section dedicated to the direction of the deployment of the commercial strategy;
• A production and business management function of the enterprise.

QuadraCompany

For companies with less than 50 employees, CEGID has developed another cloud solution: QuadraENTREPRISE. This tool reproduces the characteristics of an accurate accounting firm, but online! In terms of its functions, this software meets just as many requirements as the others. It allows you to manage:

• Accounting analysis;
• Cash ;
• VAT declaration (for companies subject to it);
• Bank links;
• E-business development, thanks to an integrated CRM section.

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The post What Are Business Management Software For SMEs appeared first on Trends Tech Blog.

These factors can occur according to; the cost of licenses or the cost of the subscription, the adaptation of technical infrastructures, the costs derived from the implementation itself, or the management of change that includes training, communication, and many times, relocation of resources, among others.

An ERP will only be useful for SMEs if its implementation brings not only benefits in terms of agility and flexibility, but from an economic point of view. Establishing workflows and systems that automate processes makes day-to-day easier. But, from a profitability point of view, managers of small and medium-sized companies demand figures. The system is also prepared to provide this information.

How To Identify The Best ERP Profitability In SMEs

Once all costs have been identified and accounted for in detail, organizations should measure, in the most objective way possible, the benefits associated with using the new application.

There are several ways to measure this value, however, there are some guidelines that are common to most companies. Some of the most relevant can be summarized in the following points:

Operating costs refer to both the basic costs related to the activity itself, those that have to do with the day-to-day running of the business, and the expenses that other additional services entail, although necessary. To do this, SMEs can identify other cost categories that will allow them to define those operating costs more accurately.

Automation: That is the tasks and processes that required manual work and that an ERP can be simplified and automated.

Centralization Of Information: The normal thing is to bet on a modular ERP that allows integrating and centralizing all the information of sales, purchases, production, and accounting, in a single application.

Services: Moving from a local system to a cloud solution, costs also decrease. Without the obligation to have physical space for the servers, or the dependence on IT teams to do maintenance and updates, costs will decrease.

An ERP will only be useful for SMEs if its implementation brings not only benefits in terms of agility and flexibility, but from an economic point of view.

Shorter Sales Cycles

After implementing ERP, companies will notice a significant reduction in their sales cycles. It is a matter of efficiency and of applying the optimal resources to the execution of each task. Many ERPs also allows integration with other applications for customer relationship management (CRM), which makes the sales process even shorter and much more efficient.

Improved Supply Chain

Another element to consider in calculating ROI has to do with streamlining the supply chain. An ERP allows you to manage all this information very easily and thus obtain better commercial agreements.

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