How to Modernize your Accounting Practices & Procedures?

Managing professional accounting services and practices involve staying ahead of the new trends and methodologies. The accounting world is evolving and requires businesses to work hard to dance to its tune and keep pace in the game.

Financial Diagnosis:

The underlying principle behind financial diagnosis is scrutinizing your company’s financial situation to identify the areas that require new strategies; which will help you develop, maintain, and improve financial practices.  So, step out and take a look at what you can use to create an experience that clients value.

 To Start Off, here are A few Trends to Put into Action.

  • Understanding Different Technologies & their Roles:

Technology had changed the way every industry functions, including accounting services, particularly dealing with large data. With so much innovation taking place, each ranging from cloud-based accounting software to process automation and artificial intelligence, understanding different technological roles and their trends will no doubt help you strategize your accounting practices to achieve maximum efficiency. 

  • Focus on Digital Transformation:

A number of technology are now available to enable the digital transformation of accounting and finance. Therefore, human accounting and finance professionals ought to adjust to the changes that the software will bring to their profession; a complement to human brain-power. For instance, use of an integrated software to automate an accounting processes can improve operations, reduce the costs and help you earn maximum ROI. An automated accounting processes can improve operations and reduce expenses using cloud computing, robotics analytics, cognitive technologies, and many more thereby helping you achieve enhanced productivity and increased ROI.

  • Work Remotely:

In order to help customers get the best of their investments and to step into the next stage of digital development, Urbansoft helps modify solutions based on technological evolution keeping clients’ needs in mind. We understand that most of our clients work remotely; hence, we channel our software towards their needs. We also provide them with digital transformation ideas to help them focus their attention on the right problems. 

  • Stay Ahead of the Competition:

 Off late the question of how to stay ahead of the competition is the biggest question often on the minds of many businesses particularly small-business enterprises. In distinct markets, one big idea that makes firms stay competitive depends on their choice to employ new technologies. Getting up-to-date with technologies that can assist accounting practices and procedures of your organization from time to time can be the key to achieving your business goals.

  • Follow- Up:

Promoting your accounting practices involves proper planning, implementation, as well as follow-up. These are the keys needed to ensure you have success with the accounting solution you decide upon.

Urbansoft &its NEW Cloud Accounting Software in collaboration with SAGE:

n outstanding component that adds to success for small or large business establishments is sound and consistent accounting practices and procedures. Though there is much software available in the market, custom made accounting software as designed at Urbansoft are hard to find. Since accounting plays a critical role in managing a business, there are a few specific features that an enterprise owner seeks out to guarantee that his needs are met effectively and most importantly, securely.

Some Features of the Accounting Software are:

  • Reporting and analysis
  • Graphics
  • Automation
  • Automatic updates
  • Customization
  • Interoperability
  • Scalability
  • Expandability
  • Security

Find out more on our other solutions that will help you develop your businesses faster. Connect with us today!

OUTSYSTEM Platforms to Ensure Application Security

Web risks keep companies anxious when an extensive set of built-in security features aren’t in place.  There’re a few things that keep businesses ever safe online. The good news is that any application built with OutSystemholds a major assurance to security over its complete life cycle. OutSystem in partnership with Urbansoft Technologies presents additional security that assists with monitoring using a SOC2 compliant low-code cloud platform. This evaluates the companies’ information systems relevant to security, processing, privacy, availability, and integrity. Let’s see how!      

               

  • Application Security:

When your web or mobile applications are built with OutSystems, the entire business benefits from additional security with help from application security net codes.  Urbansoft’s built-in applications use secure code patterns that protect businesses from all common and unforeseen threats. This helps to effectively protect your sensitive data, minimize risks and ensure that all applications are built securely. 

  • Security Upgrade:

In order to ensure high-security standards for generated applications, we provide security assessment automated-tools for every new product release.  The purpose of these tools are to analyze and scan vulnerability during regression testing. All customers’ applications integrate the new security automatically keeping the cost of maintaining applications designed using OutSystems at aminimal.                                     

  • Secure Private Networks:

If your networks are built on OutSytem cloud on-premise or in the private cloud, unauthorized access or usage through an outside network is completely denied. What’s more, we integrate a VPN connection that creates an isolated network and another layer of access control using IP filtering to allow you to view and issue access control to your networks.                                                                                                             

  • Integrity Monitoring:

At Urbansoft, we believe integrity monitoring goes beyond development. With OutSystem Sentry baselines, we build applications that evaluates, analyzes your business environment, and steadily checks files, settings, folders, and processes to detect any unauthorized changes. This helps to protect the brand’s image.

  • Security Auditing:

OutSystems keeps a log of all the tasks IT users perform while making them available for assessment and auditing at all times. This makes follow-ups easy when problems arise and prevents any violation of the assests at hand, ensuring that all actions aretracked easily. This includes usage of applications, infrastructure, deployment plans etc.

  • Additional Auditing:

OutSystem logs tracks and keeps an eye on each and every activity developers, application managers, and system administrators are performing for future audit. This includes activities such as deployment of a new version of an application, addition or deletion of a storage component, deleting an application or component, any access to the system, modifying user configurations, change of content and many more.

Urbansoft in connection with OutSystem ensures that our clients across the globe get the security they need through well-planned implementation, customization, and consulting. We build #1 low-code platforms that visualizes and develop entire applications, easily integrate with other systems, and add personalized custom codes as and when needed. All of our built-in OutSystem web and mobile apps ensure full security over your business life span.

Let’s connect and discuss the advantages of our OutSystem security solutions, a recent addition to our product list from Urbansoft

Is Your Business Ready for an Open Source Platform?

When it comes to matters pertaining to a platform for an e-commerce business, perfect judgment is critical to attaining success. Aforementioned has to deal with deciding the best platform that can allow your products and services to reach as many customers as possible. It’s true that e-commerce is very challenging with several open sources and services available, yet there’re diverse ways to meet the target efficiently and successfully. If you’re looking to take your business to an open source platform, don’t miss out on the factors below.

  • Decide your Budget:

Depending on the nature and size of your business, decide on the budget to assign to the e-commerce business platform you decide to opt for. Research had shown that expenses had weighed-down many businesses which resulted in disintegration. When it comes to open sources, more expenses are incurred on developing, maintenance, security, redesign, software updates and many more when compared with a template-based source. In deciding based on budget, double-check if an open-source platform is worth investing in or not.

  • Determine your Open Source Users:

Any kind of open source isn’t a good idea for a business with a straight-forward product or service index and a team with little technical experience. Why? The business may not meet up all the commitments and requirements involved with it. It’s wise to choose an open source service platform that makes it easy for WordPress users to learn, and work flexibly, in personalizing your online store.

  • Work with Developers:

An open source project is quite complex when done alone. There are good possibilities to get 100% success without deviation in the laydown plans with several developers. Bear in mind that the team of developers act as a watchdog on each other towards staying on the right track during the course of development.

  • Use of Technology:

Notably, e-business technology of today has evolved, and the very approach to the way every business operates on a daily basis in helping their customers and keeping track of their purchases and interactions with online retailers have changed. This requires all e-commerce retailers to have full access with certified professional developers for technological updates to properly maintain a responsive website that guarantees a good customer’s experience.

  • Define your Business Strategy:

Content as a strategy enables potential customers to find your products or services across all search engine pages. Other strategies are related to branding, designing, site navigation, etc. You will need assistance from an experienced digital marketer that will take your products and services across social media platforms. 

  • ERP & CRM System:

ERP and CRM software are beneficial in e-commerce business in a number of ways. If you have an integrated web store, an ERP system helps to trim down manual entries to save time and improve the accuracy of catalog data. It keeps track of vital business metrics such as SEO content, images, product and service features. In addition, it facilitates good customer relationship management.

Unlike before, responsive web design isn’t a trend anymore but has become fundamental. Digital content is no longer meant to be viewed on a single device anymore, as users look to moving forward, responsive design acts as a solution for the same. Urbansoft’s web design experts create e-commerce sites that are usable on varied devices and screen sizes irrespective of nature and size. Visit our website to collect more information on the same.

 

Common Mistakes of ERP Implementation & Ways to Avoid Them

Improper planning of an ERP before implementation is an attempt to fail in getting a good result out of an ERP solution.  Investing in an ERP system is expensive, it consumes time, and effort and is as good as the saying goes, “nothing good comes easy”. 🙂 With the help of an experienced IT team, experienced ERP vendors and technology, you can actually avoid mistakes that may cause you a waste of resources and a delay in project delivery. To avoid ERP mistakes, you need to learn from the mistakes below:

  • Improper Planning:

“You simply can’t wing ERP” is a statement by Kevin Beasley the CIO of VAI, provider of ERP software solutions to mid-market and enterprise-level organizations. This statement is correct because many companies don’t actually plan an ERP properly before implementing it. Therefore, this leads to a confusion during the process. One aspect to remember while planning an ERP is, failures in the software cannot be adjusted at that moment of implementation, making the software inadequate. To avoid mistakes such as these, it is better to stay safe and hire a well-qualified workforce who is experienced in ERP implementation.

  • Inadequate ERP Evaluation & Maintenance:

ERP systems that lack evaluation and preventive maintenance will quickly become obsolete. Maintenance involves upgrading an ERP software to the current technology. This also includes constant evaluation to determine what is needed to be put in place to prevent future problems from occurring.

  • Inappropriate ERP Implementation Methodologies:

Selection of wrong ERP practices is the basis to interruptions caused by the running of a successful ERP. Many IT companies have committed similar errors in the past. This happens as a result of a failure in understanding the fact that projects of different companies require different implementation methodologies, suitable to execute a project successfully. Choosing a fitting procedure is necessary to avoid errors such as these.

  • Inaccurate Data in an ERP:

If the data imputed into the ERP system is wrong, there is a possibility of resulting in failure.  But right programming along with right ERP procedures and methods, when put in place from the beginning, helps to minimize errors that may cost the company to fail during the execution of the project.

  • Inability to Understand the Use of ERP’s Key Features:

According to ERP research carried out by John Hoebler, a Cloud Financials/ERP Expert,  Strategic at Cross Country Consulting, Washington D.C. says that “only 46% respondents have a good understanding of features they were using in their ERP system”  surprising to hear, isn’t it? To facilitate better understanding of the process, you need an abled trainer who can train an employee on what each ERP feature represents and how to use it efficiently.

  • Choosing an Incapable ERP Team:

Wrong choices in ERP employees can lead you to failure, but suitable employees for ERP implementation can lead you to success. ERP projects involve using lots of resources and time. Just imagine an organization entrusting an ERP project to a team and expecting success in the end but they end up getting disappointed. To avoid regrets and headaches, it is vital to have an experienced IT team to help you. This ensures security of the resources invested.

How Can a HR Software Benefit your Employees?

It’s quite obvious that using task specific software to assist in implementation and monitoring of work at hand is always for the better. Taking this into account, HR software has been gaining much importance in the professional work-space of today. The several benefits include, collection and storage of all data in one place, a much-needed reduction of admin interactions can be enforced, time-consuming operations can be automated, HR analytics are no longer a vigorous task; but are at available on the software and is at arm’s reach.

  1. Reduction of Employee Dependency:

As an HR, you can actually utilize self-service portals on your software and encourage your employees to serve themselves. HR software as such allows easy hands-on access to a few HR oriented aspects such as finding and altering personal details (the number of annual leaves available, making changes in their personal banking details for salary processing and so on). This simplifies the HR’s duties at hand as there are always several employees to respond and take heed too. The process of self-service can reduce frustration on both the employee and the management’s end as well. Besides, there are several other tasks at hand which is of higher priority than just making changes in personal information or answering to emails related to personal needs.

  1. Support Personal Development:

The modernized world in which we live in requires us to keep on improving and advancing in our career. Employee’s personal development is something that revives every aspect of their lives and it can never be isolated from their lives at work. Employees expect their career development to keep on burning just like a fire, with nothing to cool it off. With the help of HR software, a personal data base to monitor and update self-development can be made available. Employees can easily update their acquired skills and qualification on the portal depicting their progress over the years. This build employee satisfaction and also suggests employee’s skills for further promotions.

  1. Improve Empowerment & Autonomy:

With the installation, a HR software into the organization; the way employees view their relationship with the organization varies. With the increase of independence which is brought about through empowerment and autonomy by using the software, an employee feels trusted, valued, and self-motivated, making them even more excited to work at your firm. This positive notion promotes productivity as well. Also, a few HR software promote goal setting options which can be controlled by the employee but is also viewed by managers and employers. This improves overall communication between employers and employees by expressing their expectations and goals, in turn strengthening the relationship between the employers and employees and the organization as a whole.

  1. Benefits Administration Process Made Simple:

Benefit packages that are available for employees are puzzling and difficult to administrate especially when they are handled manually. With the introduction of HR solutions, benefits enrollment and changes to be made in the same are rested in the hand of the employees allowing them to review and plan the same in their own terms, also allowing them to manage the same on any device and internet capability. As many operational systems directly connect with websites, insurance providers and else, it makes it easy for the transition of information around from system to system facilitating an easy administration process.

  1. Improve Evaluation and appraisal:

Performance appraisals and evaluation is a crucial process in any organization and is performed to assess an employee and to evaluate them. This task has been reduced with the introduction of an HR software, which analyzes an employee’s expected performance from the actual one. As an evaluation process is to be carried out in an unbiased way to pay due respect to the efforts put in by the employee, an evaluation system in an HR software to plays a vital role.

Understanding that there are many tasks at hand, handling and administrating a number of individuals in a firm could be a tedious task. Using HR solutions can benefit both the employer and the employee in the most productive way.

Virtual Reality in Today’s World

We live in a word where normal is not enough, we always are looking for the extra-ordinary. This thirst to want more and experience something better than the best has always moved scientists in the areas of technology to achieve the inevitable. One of those achievements would be experiencing real live experiences through virtual reality. The craze on viewing things in virtual reality has reached a peak where the New York Times has decided to release NYT VR.

The launch of the VR is in association with Google, where more than a million Google Cardboard viewers will be provided with a subscription to their copy of the NYT in November. To top it off the Times Insider subscribers and a selection of Times digital subscribers will be provided with a promo code that allows them to access Google Cardboard viewer which can be viewed on the smartphone.

The debut of the virtual reality film called ‘The Displaced’ by NYT was one that took many of its viewers by storm. The movie revolves around three extraordinary children uprooted by war, all through the lens of virtual reality. As of date there exists more than 30 million children around the globe who have lost their homes by war and oppression as much as once faced in World War II. This film sheds light on the present lives of three children from South Sudan, eastern Ukraine and Syria.

The opinions of the viewer’s clearly explain what virtual reality in today’s world really means in terms of quality viewing experience. Dean Baquet, executive editor, The New York Times said, “Our readers look to The Times for innovative and powerful storytelling and this is The Times at its best. Our Magazine team has created the first critical, serious piece of journalism using virtual reality, to shed light on one of the direst humanitarian crises of our lifetime.” The editor in chief of the New York Times Magazine added “The power of VR is that it gives the viewer a unique sense of empathic connection to people and events. In the context of international reporting and conflict reporting, where our readers rely on us to bring them news and stories from remote and inaccessible places, this has huge potential. Through this immersive video experience, we can put our readers at the center of the most important story of our time.”

We at Urbansoft had covered this latest launch at The New York Times to bring viewers of this latest technology an awareness on the impact of virtual reality in the world of today. This November Urbansoft takes pride in announcing its collaboration with Epson and Sacramento Kings.

Sacramento Kings Owner and Chairman Vivek Ranadive, made a statement that his commitment to Sacramento is bigger than basketball, and the reason why he chose Urbansoft and Epson as partners is because they share the same vision for the future of Sacramento. They unite as one to create a better experience for the people of America.

Get in touch with us!

Big or small, we’ve got a solution when you need it. Our advanced service and support tools provide step-by-step instructions without being put on hold or waiting in line.

SiteLock