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Corporate Tax Limit and Applicability in Dubai, UAE

Before starting the blog, let’s talk about corporate tax. According to the UAE Ministry of Finance, a federal corporate tax (CT) was implemented on corporate net earnings. The net income or profit of corporations and other organizations from their business is taxed directly as corporate tax. All businesses operating in the UAE must pay UAE corporation tax, with the exception of those engaged in the extraction of natural resources, which will continue to be subject to corporate taxation at the Emirate level. Corporate Tax will only apply to foreign companies and people who conduct continuing or regular trade or business in the UAE. ![Corporate Tax UAE Penieltech](https://www.penieltech.com/blog/wp-content/uploads/2022/10/corporate-tax-uae-penieltech.png) All types of profits and other (net) income reflected in the financial statements prepared by generally accepted accounting principles shall be subject to UAE Corporate Tax on an equal basis. Why is corporate tax necessary? ------------------------------- Foreign investments are attracted to the UAE by corporate taxation, which is regarded as a competitive advantage. Paying corporate taxes may be preferred by business owners to paying additional individual income taxes. One of the global best practices that will solidify the UAE’s position as a premier business and investment destination is corporate tax. Reiterating its commitment to tax transparency and combating harmful tax practices, expedites the UAE’s development and transition in order to fulfill its strategic goals. Corporate tax rates across the GCC ---------------------------------- 10% in Qatar, 15% in Kuwait and Oman, and 20% in Saudi Arabia are the different corporate tax rates. The UAE declared that starting on June 1, 2023, it will impose a 9% corporate tax on business profits. Bahrain is also planning to implement it in 2023. Kuwait, Saudi Arabia, and Qatar tax the profits of the local entity attributable to non-GCC shareholders. For instance, only money produced by non-Saudi owners is subject to corporation tax in Saudi Arabia. Applicability of Corporate Tax in UAE ------------------------------------- #### The following will be subject to UAE corporate tax, according to a statement from the UAE Ministry of Finance: * All companies and people operating legally in the UAE have a commercial license. * UAE free zones for business. * Only foreign companies and people who do ongoing or regular business in the UAE are eligible. * Banking activities. * Businesses involved in real estate management, development, construction, agency, and brokerage. > **_Select Product for Free Demo._** > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_25" ).setAttribute( "value", ( new Date() ).getTime() ); Due date of corporate tax in UAE -------------------------------- The UAE Ministry of Finance stated in January 2022 that it would impose a federal corporate tax on companies’ net income. The corporate will go into effect on July 1, 2023. The effective applicability date, however, may vary based on the business’s chosen financial year. [Federal Tax Authority (FTA)](https://www.tax.gov.ae/en/) will be responsible for corporate tax administration, collection, and enforcement. Date of implementation of corporate taxation for businesses ----------------------------------------------------------- In the UAE, the corporate tax will go into force for fiscal years beginning on or after 1 June 2023. The authorities have introduced the notion of the effective date of corporate tax applicability due to the fact that firms use various financial year start dates. Beginning on July 1, 2023, a company’s financial year from July 1 to June 30, 2024, will be subject to UAE Corporate Tax (the beginning of the first financial year that starts on or after 1 June 2023). Beginning on January 1, 2024, a company with a (calendar year) financial year that runs from January 1, 2023, to December 31, 2023, charged UAE corporate tax (which is the beginning of the first financial year that starts on or after 1 June 2023). Books of Accounts have a significant role in company tax. --------------------------------------------------------- Using [accounting management software](https://www.penieltech.com/), we are in the era of digital transformation, and GCC countries, including UAE, are no exception. Managing books of accounts is no longer an option in light of the recent adoption of VAT and the projected corporate tax; instead, it is automated using [company management software](https://www.penieltech.com/). A corporation’s financial records and books will become more important as it evolves. The purpose of this is to determine a company’s corporate tax liability based on its net profit. Calculating the correct corporation tax amount depends on the accuracy of the business data, which will also define the accuracy of the financial statements. Additionally, Now is the ideal time for companies to invest in dependable company management software and get ready for the implementation of corporate taxes. Role of TallyPrime in Corporate TAX ----------------------------------- [TallyPrime](https://www.penieltech.com/tally-erp9-dealer-in-dubai.php) is a business management tool that can handle your company’s expanding needs. For a smooth transition into the UAE’s tax period, your company should invest in such powerful integrated software. What else? It offers comprehensive VAT support for the UAE, including producing tax invoices as well as filing proper VAT returns. Additionally, it offers many other corporate tax features, such as: * Create accounting, [inventory](https://www.penieltech.com/inventory-management-software.php), and also financial reports for balance sheets, profit and loss accounts, and other financial statements. * Configuring the tax information with VAT Rate Set-up is simple and quick. * Maintain great accuracy and consistency while managing your books of accounts with simplicity. * Create VAT-compliant invoices while managing various VAT supplies, including imports and exports. * Simple steps for completing VAT returns. * Manage your daily financial activities with ease.

Wed Oct 16 2024  Accounting Softwares   By Admin
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emerald

Customer Relationship Management

13 Essential Sales Skills That’ll Help You Close More Deals

A person who receives compensation for promoting or marketing specific goods or services is known as a salesperson. Sales professionals serve as an organization’s public face. They are in charge of popularising the brand and pushing the goods among consumers. Customers today are more careful with their spending, especially given the state of the economy. Consumers carefully choose the brands they invest in and the products they buy because their resources may be restricted. Because of this perspective, [sales person](https://www.penieltech.com/crm-software.php) need to know how to grab and hold customers’ attention and persuade them that their goods or services is the best one for their needs. ![Sales CRM Dubai - Penieltech](https://www.penieltech.com/blog/wp-content/uploads/2022/10/business-team-working-new-business-plan-with-modern-digital-computer_1423-57.webp) Skills every salesperson must have ---------------------------------- In today’s business, a sales professional plays a complex job. To succeed professionally, a salesperson needs to have both hard and soft talents. On the one hand, you must stay current with the technological requirements of your position, such as mastering a [CRM system](https://www.penieltech.com/crm-software.php). However, developing your “human” abilities, such as emotional intelligence, is as crucial, if not more so. This is so because essential sales abilities like empathy, communication, and time management are difficult to acquire and hard to teach. However, these kinds of abilities are essential for establishing connections and closing agreements in a sales position. Along with learning these abilities, a sales position demands a certain mindset. #### To produce the best sales performance, you need to possess the following key qualities: Having **confidence** is essential for a salesperson. Your customer won’t be satisfied with the goods or services you’re providing if you’re not confident in it. A **growth mindset** is a conviction that success is a result of ongoing personal improvement. No one is born a great salesperson. Their creation. **Motivation**: You need to be driven to reach your sales objectives. Here are 13 essential skills sales person must have --------------------------------------------------- According to the type of sales job you have or the industry you work in, different sales talents will be required. However, there are a few abilities that are necessary for all salespeople. Here is a list of some of the most crucial sales talents that you should be able to master. ### 1\. Educate potential customers on new concepts Your prospect may have done some research on your product or service before you meet with them. When you meet or chat with them, they’ll already know your offerings and costs. Focus on educating your potential customers. Show them fresh concepts and viewpoints that they have never seen before. Your prospects will regard you as a valuable source of knowledge if you consistently present new concepts. This will assist you in influencing them. ### 2\. Product knowledge One of the most critical hard skills for any sales function is having a thorough understanding of your product or service. You will have the tools you need to arm yourself with that knowledge through your sales training program. But it’s up to you to become an authority in your field, build credibility, and earn people’s respect. A thorough understanding of the product you’re offering inspires confidence in your client. Additionally, it makes it simple for you to address any queries or worries a client may have. Additionally, this talent is valued by others besides just clients. > **_Select Product for Free Demo or Trial_** > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_26" ).setAttribute( "value", ( new Date() ).getTime() ); ### 3\. Tactical prospecting abilities Prospecting strategically entails finding sales possibilities quickly. This calls for a methodical search for potential clients and relationship-building with them using: * Social marketing. * Email promotion. * Creation of excellent material. Salespeople who can employ this talent typically outperform those who rely on ‘old school’ strategies like cold calling or referrals. ### 4\. Authenticity Although authenticity might be difficult at times, it is a talent that is essential to making your client feel at ease. They can tell whether you honestly think the product you’re offering will benefit your customer. A closed sale will result from taking the time to understand what your lead wants, paying attention to those needs, and then modifying your standard message to provide a simple message best suited to them. ### 5\. Ability to adapt to new technology and software The [COVID-19](https://www.dha.gov.ae/en/covid19/guidelines-services) outbreak caused an unusual amount of disruption in how we operate. Sales teams who adopted phone and chat-based remote selling at this time outperformed their competitors. Being willing to use technology to your advantage will always be crucial in the sales industry. This includes getting used to working from home or adopting technologies to increase your productivity and efficiency, such as [customer relationship management](https://www.penieltech.com/crm-software.php) (CRM) software. ### 6\. Qualifying Leads A rigorous qualification approach that is multi-dimensional and positioned from the perspective of the buyer is used by high-performing sales representatives. They continuously use it to pursue opportunities that are in the works. Additionally, these reps have a propensity to guard their time jealously and invest it in high-opportunity, winnable offers. Too many salespeople focus only on checking off items on a to-do list and hoping for the best. ### 7\. Closing techniques The closure of the contract is the culmination of the entire sales cycle. The point at which a customer buys anything from you. One of the most crucial abilities in sales is the ability to master closing strategies that convince your customer to buy. ### 8\. Objection handling Objections are a given in sales. It’s common for your customer to be hesitant about your costs or merchandise. A salesman addresses these client concerns through objection handling. Sales representatives need to be able to allay these worries without being overbearing if they are to be effective. When handled skillfully, an objection can be converted into an opportunity. ### 9\. The capacity to develop and adhere to a sales process It’s crucial to adhere to a predetermined sales process from the discovery stage through the proposal review and into the final decision-making session. If you do, you will have the chance to learn about the problems and difficulties the customer faces and to prepare a thorough proposal review to ensure that you are on the same page. Set your decision-making meeting once that is over. ### 10\. Time management When you work in sales, the adage “time is money” has never been more applicable. In actuality, ineffective sales time results in lost revenue. If you want to be a successful seller, mastering good time management is a crucial soft skill. It’s also not always simple. Time management can be difficult with prospecting, client appointments, and phone calls. According to a survey, one of the main problems facing sales managers was a lack of time. Salespeople are more productive when they have good time management skills. They make good candidates for sales positions as well. ###  11. Active listening When you’re genuinely paying attention to them and when you’re just waiting for your moment to talk, your customers will know and feel he is getting valued. That is why a smart salesperson always has active listening abilities. Focusing on what someone is saying and giving them a sense of value and understanding is known as active listening. Giving your customer your full attention while actively listening allows you to better comprehend their perspective. This not only demonstrates your respect for them but also helps you better understand their problems. ### 12\. Communication In all industries, but particularly in sales, communication skills are among the most in-demand abilities. Being an authority on some goods or services is useless if you can’t sell its benefits to potential customers. In sales, connecting with customers and conveying value require a significant ability called effective communication. Effective communication techniques consist of: * Retaining your client’s interest. * Keeping their time in mind. * When making your sales pitch, be succinct. ### 13\. Integrity One of the most essential qualities in any job is integrity. A sales representative with integrity upholds high moral standards and is always truthful with clients. Because they are aware that salespeople with integrity will act in their best interests, buyers value this quality. Customer Relationship Management (CRM) Software UAE (Elate CRM) is the best way to increase sales while keeping track of your clients and offering ongoing support when necessary. To keep your pipeline organized and focused on deals, combine all of your leads in one location. Elate CRM’s lead management tool provides adequate follow-up to move your leads through the sales pipeline from lead creation through scoring to conversion. You may keep track of every prospective consumer and their pertinent data. The Marketing Coordinator and Managers can assess each sales executive’s performance and reports using [CRM Dubai](https://www.penieltech.com/crm-software.php) to see how well they handled and turned each lead into an opportunity that resulted in a final sale. You may quickly view a list of all your clients and the things they have bought from you. Get a fast rundown of all the yearly trends in product sales. Contact [Penieltech](https://www.penieltech.com/) - Official Distributor In UAE. [Elatesoft](https://www.elatesoft.com/) - Officials. [Emerald Software’s](https://www.emeraldsoftwares.com/) - Dealer in UAE

Admin     Wed Oct 16 2024
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emerald

ERPNext

Top 10 Features of ERPNext Software

> **_Free Consultation for ERPNext_** > > **_[Get Expert Advice Today!](https://www.penieltech.com/contact.php)_** What is ERPNext Software? ------------------------- ERPNext is a robust, all-inclusive, user-friendly, and also reasonably priced solution. ERPNext is an on-premise and cloud-based system that can be installed on any server or mobile device. It is a central [ERP system](https://www.penieltech.com/erp-software-uae-dubai.php) that helps firms manage all business workflow efficiently and effectively. It supports more than 30 languages. Additionally, Manufacturing, distribution, retail, services, education, health care, non-profit, agriculture, hospitality, and other industries are just a few of the business verticals for which [ERPNext](https://www.penieltech.com/erpnext-dealer-in-dubai.php) was developed. ERPNext provides worldwide support for small as well as medium-sized organizations. Top 10 features of ERPNext Software ----------------------------------- ### 1\. Accounting Support for many currencies is one of ERPNext’s most crucial features. Moreover, It is an all-in-one platform that supports capabilities for bank and payment settlement, information, and tax calculation. It will oversee the entire accounting procedure. ### 2\. HR & Payroll The features go over the steps involved in leading a group of coworkers. You can use it to create and handle employee payrolls and tax regulations. You can use it to keep an exhaustive personnel database, which includes contact information, compensation information, attendance information, performance evaluation results, as well as appraisal records. ### 3\. Manufacturing There are many different manufacturing industries. The management of production is quite challenging. You must monitor your inventories, workstations, warehouse as well as production, and other factors. [ERPNext’s manufacturing](https://www.penieltech.com/erpnext/erp-for-manufacturing-industry) tools can help you easily handle all of these operations. With the aid of a production planning system, ERPNext enables you to schedule your inventory and also materials. Based on the availability of Workstations, create as well as construct your production schedule. Utilize advanced capabilities for costing and a hierarchical Bill of Materials. The ease of subcontracting or outsourcing is a step in the production process such that the cost is incorporated into the finished goods. > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_27" ).setAttribute( "value", ( new Date() ).getTime() ); ### 4\. Sales & Purchase Another benefit of ERP systems is their capacity for selling, upselling, creating bids and buy orders, forecasting, managing commissions, and monitoring vital data like profit margins and ratios. The system gathers all critical data on sales as well as purchases. Dashboards offer a quick peek at important performance metrics about business operations. You can analyze every aspect of your organization at once thanks to configurable [accounting](https://www.penieltech.com/) dimensions and customized dashboards. ### 5\. Customer relationship management Managing a customer is a stressful procedure. The secret to success is having happy customers. manually managing customers becomes time-consuming. To manage customers and keep up good customer relations, you must implement software. [CRM](https://www.penieltech.com/crm-software.php) functions are provided by ERP. It assists in managing all client interactions and also relationships for your business. It aids in obtaining leads that strengthen commercial ties. Automating the procedure boosts the company’s productivity and also raises sales. Additionally, By remaining aligned with clients, streamlining procedures, and boosting profitability, it forges strong bonds. ### 6\. Project Management The project management features of ERPNext help you to manage projects. With this feature, you can establish and assign tasks for projects, as well as record time against each job in a time log. Orders, invoicing and inventories can all be tracked against projects, and also time logs can be used to bill customers. With this function, a progressive overview ensures that you never miss a deadline. Additionally, By anticipating and preparing future projects, you can accurately keep track of expected deadlines. ### 7\. Helpdesk With the help of these capabilities, you can collect the businesses that your customers report, contact them, assign them to a team, and also keep track of their progress. All communications are seamlessly converted into data by this function, saving your support team from having to switch between apps. It maintains server levels and keeps track of customer tickets and issues. With the aid of this program, you can easily transform emails in your inbox into tickets. ### 8\. Automation An ERP system can automate payroll, invoicing, reporting, and other repetitive business operations. Automation speeds up data entry, lowers errors, and also frees up staff time for tasks that bring more value. Due to the nature of ERP systems, information entered by one user is accessible to all users within the company. So, for instance, when a specific SKU becomes available, an [inventory tracking](https://www.penieltech.com/inventory-management-software.php) module may instantly initiate a shipment and invoice. This results in increased income and improved customer satisfaction. Or, to help them make decisions, line-of-business leaders may immediately receive the most recent statistics on cash flow and other metrics. ### 9\. Integration Integration is the process of combining software with any third-party app or software. Moreover, ERP may communicate data between systems by integrating with any other tool. The efficiency is increased and your workflow is streamlined by this integration capability. Every corporation has a unique set of tasks that are necessary for the [ERP software](https://www.penieltech.com/erp-software-uae-dubai.php) to work with specialized software and satisfy business needs. Silos for bespoke software development firms’ sales, engineering, accounting, and also other departments are no longer functional. ### 10\. Asset Management With this feature of ERPNext, you have a one-stop shop for managing all of your assets, including IT infrastructure, equipment purchases, equipment disposal, and more. You can manage your assets with ease thanks to the feature-rich experience that ERPNext offers. You can use it to manage and keep track of actions involving assets, such as buying, selling, depreciating, moving, or doing maintenance. It’s a useful all-in-one tool for maintaining and keeping all of your organization’s branch data in a single, centralized system.

Admin     Wed Nov 13 2024
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Real Estate Property Management

Need for Property Management Software for Dubai

What is property management software? ------------------------------------- A property management system (PMS) is a piece of software used to manage commercial and residential rental properties as well as hospitality establishments. Local government, manufacturing, and other businesses all use PMS. The purpose of property management software is to make it easier for landlords, renting agencies, and property managers to administer and oversee their properties. The efficiency of property management procedures improved through features such as automation, communication, report generation, and work order management. ![Property Management Software Dubai](https://www.penieltech.com/blog/wp-content/uploads/2022/10/property-management-software-uae-penieltech-1024x538.jpg) It’s crucial to remember that [property management software](https://www.penieltech.com/property-management-and-real-estate-software.php) has advantages for owners, tenants, contractors, and accountants in addition to letting agents. Property management software is an all-in-one solution and offers several advantages to all parties concerned. Let’s first talk about the obstacles involved in property management before we explore the need for it. ------------------------------------------------------------------------------------------------------- ### 1\. Responsibility A healthy foundation requires trust, so there must be trust between landlords and property managers. Realtors must carefully vet all prospective tenants since they are acting as landlords’ representatives. It reduces the risk of property damage caused by negligent tenants, and it keeps the buildings and facilities in good condition. This necessitates thorough and consistent property evaluation. ### 2\. Time Everyone understands the importance of time and how valuable it is. But no one understands this more than a busy property manager. They must constantly coordinate with the landlords, building facilities providers, and tenants connected to their portfolios. However, in today’s world, this is practically impossible without utilizing cutting-edge technology; otherwise, managing projects and daily duties can be a real stress, and it won’t be feasible to avoid certain hazards. ### 3\. Operation expenses Since they immediately affect utility bills, rising energy costs hurt nearly every other property manager. Almost everything you buy, from a straightforward soap bar to light bulbs and construction supplies, is affected by rising indirect costs. In order to ensure that all heating and cooling systems operate properly, energy-saving activities are prioritized as well as a robust maintenance program. The easiest method to combat growing expenses is buying bulk supplies and equipment. ### 4\. Supporting technology Property managers may streamline and centralize their audits and inspections with a cloud-based solution. Cutting down on redundant work and ambiguity in everyday operations. You may fully benefit from information sharing, teamwork, automated notifications, reminders, and task management once you use cloud-based technologies. Additionally, it is simple to create real-time reports for a variety of criteria, including trends, performance assessments, teams, contractors, and audits. > **_Select product for Free Demo!_** > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_28" ).setAttribute( "value", ( new Date() ).getTime() ); ### 5\. Tenants Building long-lasting relationships with your tenants are crucial. Since it costs roughly ten times more to find new tenants than it does to extend your lease with them. The comfort requirements of tenants haven’t altered over time; they still want good heating in the winter, a functioning air conditioner in the summer, and complete security. Tenants eventually place a lot of emphasis on finding innovative floor ideas to help them use their space more effectively. Here is the reason for the need for property management software ---------------------------------------------------------------- ### 1\. Better Communication Effective communication is essential when there are numerous stakeholders to take into account. Reaching out and receiving input reduces the likelihood of delays, misunderstandings, and errors. With the use of property management software, managers can reach out to renters, vendors, and building owners via emails, text messages, and push notifications. To make sure that everyone is aware of due dates and payments, this can include reminders for things like rent or unfulfilled orders. The property manager can also contact tenants to discuss any required repairs. Both the tenant and the property management or landlord gain from this. When there are issues, tenants may access all relevant papers through their portal, including property certificates, and they have a set procedure for dialogue. All communication with the property manager is handled through the platform. The property manager can use the system to immediately send a work order to a contractor in response to a request, eliminating the need for phone calls or emails. The renter is then informed of the task and when it is finished to promote openness. ### 2\. Tracking and Management of Maintenance Building upkeep is the one factor that contributes the most to customer pleasure, as was already mentioned. The higher the tenant retention rate you achieve, the less time and money you’ll need to invest in finding and retaining new renters. This also gives you more freedom as a property manager. Maintenance management programs ensure that you don’t neglect your regular maintenance duties. All open and upcoming maintenance work orders should be easily visible so that you can schedule them incorrectly. Many renters will just take a photograph of their problem and send it to you thanks to the development of mobile technology. Mainly the simplicity with which photos can be sent and received. These pictures are gathered in a single spot by a central maintenance file repository. They can then be utilized to support any possible insurance claims and assist service providers in resolving the issue. For a more streamlined process, PMS systems frequently compile maintenance-related records including estimates, quotations, receipts, invoices, and communication histories into one spot. ### 3\. Online payment You’ll spend less time looking for late payments the easier you make it for your tenants to pay the rent on time. The greatest option to simplify rent payments for your tenants is through online payment processing. Because they can do it conveniently from their homes. Many PMS programs also provide rent tracking features, allowing you to see who has paid up to date and who has fallen behind immediately. Some systems also provide built-in late-fee estimators. Landlords can benefit greatly from using online tenant portals. These portals allow your clients to pay rent and provide them with 24/7 access to data like communication logs, rental receipts, and maintenance requests. A thorough tenant portal will not only ensure that you are paid on time. But it will also reduce your administrative workload and boost client satisfaction. ### 4\. Contact management Any landlord will tell you that managing a property properly requires a large team and that lengthy contact lists may easily become disorganized and unkempt. You can arrange your contacts more effectively and spend less time looking up phone numbers and emails thanks to comprehensive contact management features. For a more efficient contact management procedure, you can even combine renters, maintenance staff, landlords, suppliers, and other business partners. While vendor databases make it simple to receive the service you need rapidly, tenant databases let you get in touch with customers. As part of a [PMS solution](https://www.penieltech.com/property-management-and-real-estate-software.php), lead management capabilities ensure that your properties are always occupied. ### 5\. Finance management Property management is no exception to the rule that successful business owners need to exercise strict financial discipline. The [top property management software](https://www.penieltech.com/blog/top-10-real-estate-software-for-property-management/) will assist you in increasing revenue while lowering expenses. By giving you a complete picture of your financial situation, expense management features can position you to get the most out of your operational budget. While bank connectors speed up the reconciliation process, tax management solutions help you maintain compliance with local tax rules. It’s also important to note that many premium property management apps come with powerful business intelligence (BI) features. They examine a variety of financial parameters, including income, spending, and upkeep, and present their findings to you in an understandable manner. In-depth analytics highlight areas of operation that are still under budget as well as any areas that require better management. [Penieltech](https://www.penieltech.com/) provides property management software Dubai. With more than a decade of real estate firm expertise and thousands of happy customers, our market-leading property management software in the UAE is a tried-and-true solution for large, small, and medium-sized real estate enterprises in Dubai. Elate [real estate software Dubai](https://www.penieltech.com/blog/top-10-real-estate-software-for-property-management/) is a potent tool that enables real estate brokers and agents to quickly grow their businesses by finding and managing ideal clients. Designed specifically for the real estate industry, our software promotes, organizes, and flawlessly manages business activities related to it. It is a comprehensive piece of software that can admirably support your company and aim for low-cost fixes. Property management software Dubai offers the following features * Dashboard * Check-In * Check out * Reminder * Report * Master * Expense entry

Admin     Wed Oct 16 2024
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emerald

ERP Application

Top 10 Features of ERP Software 2025

What is ERP Software? --------------------- Enterprises use such software to manage routine business operations like accounting, purchasing, project management, risk management, compliance, and supply chain management (ERP). Enterprise performance management software, which aids in planning, budgeting, forecasting, and reporting an organization’s financial results, is also a component of a full ERP suite. This program offers a wide range of crucial features that combine every division of a company to give a real-time view of data and tasks. It effectively oversees departmental operations to improve decision-making and advance the organization. [ERP software](https://www.penieltech.com/erp-software-uae-dubai.php) solutions rank well among the greatest options accessible there when it comes to organizations of a large scale. Source: Penieltech.com Let’s discuss the top common features of ERP -------------------------------------------- ### 1\. Integration The incorporation of software with any third-party app or software is what is referred to as integration. With the aim of facilitating data sharing between various systems to increase productivity and insights, ERP offers integration tools that allow ERP to interact with other applications and/or systems. This finally aids in streamlining your overall workflow, which boosts productivity and efficiency. Every organization operates differently, so some additional supplemental bespoke software solutions could be required to interact with ERP software. Today, silos for sales, engineering, accounting, and other bespoke software development companies are no longer viable. ### 2\. Data Analysis For a corporation to understand its business strength, a report must be prepared. But you must first acquire information in order to prepare this report. Having a single [ERP system](https://www.penieltech.com/erp-software-uae-dubai.php) allows all aspects of your firm to exchange data on daily operations. Additionally, data can be broadcast to a number of streams, giving businesses access to real-time feedback for improved decision-making. Production, operations, and finance departments have access to this data for every transaction that occurs in your company, including financial as well as operational ones like inventory control and sale payment. Companies must gather as much data as possible, and present it in a way that is both visually appealing and easy to understand in order to stay ahead of the competition. ### 3\. Customer Relationship Management For every organisation, managing customer relationships is the most important stage. You must keep your customers satisfied if you want to succeed in business. However, because of the complexity of this, you must rely on software. [CRM](https://www.penieltech.com/crm-software.php) functionalities are available in ERP software. It broadens the perspective of the firm by incorporating all data related to customer relationships. A shared, easily available database contains all client data, including contacts, order history, purchase orders, and also prospect status. ### 4\. Reporting Creating eye-catching images, compiling historical data, and helping to analyse and present your results are all part of reporting. You must write a report in order to analyse the data. Many software packages offer this reporting capability. Almost any form of data can be used to make reports. This comprises lead management, sales activity, marketing performance metrics, and contact management. Businesses are using business intelligence solutions to assist them base important choices on data from both financial and non-financial key performance indicators. Better reporting can enable executives and stakeholders to make business decisions that are more informed, such as improving how you manage your company and seeing issues before they arise. ### 5\. Financial Management Financial management is required in order to keep track of expenses and revenues for growth. Organisations use accounting to manage assets, produce accurate financial reports, and improve spending decisions. As a result, [accounting software](https://www.penieltech.com/) can be considered a part of ERP software. Accounts Receivable, Accounts Payable, General Ledger, Financial Reporting, and frequently Payroll are crucial elements of accounting. Additionally, it gives managers access to real-time information. ERP offers applications for supply chain management, [inventory management](https://www.penieltech.com/inventory-management-software.php), human resources, and eCommerce in addition to its accounting feature. ### 6\. Sales and marketing The ability to sell, upsell, create bids and buy orders, predict, manage commissions, and keep track of crucial information like profit margins and ratios is another advantage that ERP systems with integrated CRM provide to marketing and sales teams. The ability to generate more leads, swiftly develop and implement campaigns, and monitor client activity throughout the sales cycle may be advantageous to marketing teams. To deliver a great client experience throughout the whole sales pipeline, sales and marketing teams work closely with their counterparts in finance and operations to utilise ERP services. ### 7\. Human Resources The majority of ERP software includes some level of [human resource management](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php), although standalone solutions are more common. These features enable the storage of employee data and the automation of processes affecting the people in your company, such as employee scheduling, hiring, and increasing productivity. By enabling managers to more effectively allocate employee time and resources, HR capabilities in ERP software help your organisation achieve its goals. This results in a more productive and successful firm through improved employee record keeping and improved employee performance. ### 8\. Manufacturing Manufacturing has been the foundation of ERP as a function. By helping with product planning, raw material sourcing, production monitoring, and forecasting, today’s systems improve manufacturing operations. ![Manufacturing ERP - Penieltech](https://www.penieltech.com/blog/wp-content/uploads/2022/10/Manufacture-1024x651.png) Modules for product tracking, distribution planning, shop-floor control, work order administration, bill of materials management, and assembly management are additional components. The use of [ERP manufacturing](https://www.penieltech.com/erpnext/erp-for-manufacturing-industry) technologies improves a company’s capacity to automate and manage key inventory planning and forecasting choices. ### 9\. Supply Chain Management  Manufacturers, logistics companies, distributors, suppliers, and retailers may manage the flow of goods and services between locations as effectively and economically as possible with the aid of [supply chain management (SCM)](https://en.wikipedia.org/wiki/Supply_chain_management) technologies included in ERP software. This offers help from the purchase of raw materials to the delivery of a finished good to a consumer. Demand planning, supply chain process control, as well as execution are all things that SCM features can handle end to end. Most importantly, it took full advantage of cost-saving options to provide products from the vendor to the client. ### 10\. Automation An ERP system can automate payroll, order processing, invoicing, reporting, and other repetitive business operations. Automation speeds up data entry, lowers errors, and frees up staff time for tasks that bring more value. Due to the nature of ERP systems, information entered by one user is accessible to all users within the company. So, for instance, when a specific SKU becomes available, an inventory tracking module may instantly initiate a shipment and invoice. This results in increased income and improved customer satisfaction. Or, to help them make decisions, line-of-business leaders may immediately receive the most recent statistics on cash flow and other metrics.

Sophia     Thu Dec 19 2024
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emerald

HR and Payroll Software

10 Features of HRMS Software

What is HRMS Software? ---------------------- HRMS is a set of software used to manage human resources and payroll-related procedures throughout the employee lifecycle. An HRMS allows a business to completely comprehend its employees while maintaining compliance with evolving tax and labor legislation. The Human Resource Management System (HRMS) is crucial to the growth of the business. As the company’s foundation, employees must be treated well, and the business must keep thorough records of all the information that is crucial to them. HRMS Software Dubai Top 10 features of HRMS Software -------------------------------- ### 1\. Recruitment Board The automated recruiting module of the HRMS makes it simple to create templates for hiring procedures and to follow up with recruitment. Using HRMS to help with the development of recruitment strategies and the generation and posting of job opportunities in accordance makes it easier to manage your hiring process. The designation, position count, current count, and also other information are all displayed by HRMS. You can track applicants with this software. One of the most critical employment processes is internal recruitment. Additionally, Elate HRMS includes the capability for internal hiring. HRMS maintains records of offers made to candidates. ### 2\. Performance management One of the best steps in any firm is employee advancement. Moreover, the promotion of employees is based on their performance. The process of evaluating an employee’s performance is quite important. HRMS has features of performance management. Additionally, by creating an appraisal template for each role that incorporates the performance-defining criteria as well as appropriately weights each factor, you may manage employee evaluations. ### 3\. Payroll Management Payroll’s main duties include determining and paying salaries, deducting the proper taxes and deductions, and planning the printing and distribution of paychecks. Through its well-stated equations, it covers all historical systems for compensation and benefits, including salary, allowances, as well as overtime rates in an organization. It is definitely among the most beneficial aspects of HRMS software. Payroll automation has several obvious benefits, including: * Simple access to information about pay and bonuses/rewards. * There are fewer manual data-entering processes needed. * A reduction in overhead and staffing time. * A planned strategy independent of several spreadsheets, databases, and also files. By regulating the payroll period, income tax slip, and compensation structure, HRMS manages the payroll processes. You can assign salary structures to each employee using the salary structure assignment tool, utilizing the salary slip generated by payroll entry. ### 4\. Time Tracking and Leave management Attendance management is one of the unique elements of the HRMS system that other software platforms do not offer. The HRMS efficiently manages activities like leave eligibility, leave encashment, the overall number of leaves taken, and the balance remaining, as well as absenteeism. An important strategic component of the HRMS function to gauge job satisfaction is absenteeism. Different holiday lists can be created in HRMS and distributed to your staff by your preferences. There can be any number of leave types produced depending on your company’s requirements. Most companies handle vacations based on a leave period that relates to a fiscal year or a calendar year. ###  5. Training Training bridges the knowledge as well as the skill gap for employees. To close this gap, every organization conducts training. HRMS aids in identifying this skills gap provides management guidance for handling employees’ training needs and keeps track of the sizeable expenditures necessary for training and development. In the HRMS, you can create a training program and also schedule training sessions under it. Following the training, staff members can offer feedback via Training Feedback and receive the results. ### 6\. Transfer management Internal mobility is the process of transferring a person from one role to another, typically at a different location, division, or unit. You can record staff transfers to different businesses or departments using the HRMS Employee Transfer document. Transfer paperwork is submitted either before or after the transfer date. The Employee updated the following submission with all changes made to the Transfer Details table. > **_Also Read_** > > [Top 10 HRMS software in UAE](https://www.penieltech.com/blog/top-10-hrms-software-in-uae/) ### 7\. Travel and Expenses There are times when employees must go beyond the country for work-related reasons, and the corporation is liable for some of their expenses. Employees can seek money for professional travel using the Travel request feature in HRMS. Additionally, you can apply for an advance payment from the business using the HRMS employee advance option. ### 8\. Employee Incentive Employee incentives are a method of rewarding and motivating employee performance in addition to normal compensation. Whenever you need them, you can create Employee Incentives utilizing payroll software for a particular payroll entry. An option available to a business seeking to increase staff productivity is providing an incentive. ### 9\. Retention Bonus Retention bonuses are rewards provided to employees in addition to base pay to keep them on as valuable workers. In payroll software, you can configure a Retention Bonus for an Employee for a certain period. As the workforce expands, the duty of keeping employee data and important documentation falls on HR staff, making it challenging to offer better service to all employees. ### 10\. Employee management life cycle The employee management cycle is a vast process. The employee management cycle includes skill mapping, onboarding, promotions, and also separations. Additionally, all of these tasks are managed by a single piece of HR software called HRMS. What are the advantages of HRMS Software? ----------------------------------------- HRMS software helps an organization in many ways, including enhancing employee engagement and managing the employee lifecycle. ### 1\. Enhance productivity In contrast to conventional instruments, HRMS software doesn’t require a lot of manual labor. Since [HRMS systems](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php) are automated, they independently carry out labor-intensive manual tasks. You only need to issue commands; the software will do the rest. HRMS accelerates every process, from data management to hire, in a matter of seconds. Using an attendance management system, HRMS software automatically credits salaries and records attendance. ### 2\. Cuts Down on Errors No matter how big, mistakes can have a negative financial and legal impact on a corporation. HR managers are therefore expected to provide each task their undivided attention. However, they frequently overlook deadlines or make mistakes when juggling a variety of normal tasks. HRMS are totally automated, preventing any potential errors along the way. With [HRMS software UAE](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php), it is simple to avoid the frequent errors that happen during the screening of job applications, such as calculating pay and accruals, establishing metrics and reports for analysis, etc. ### 3\. Improves Communication Any organization must prioritize communication. To set goals, track the progress of projects, learn about employee wellbeing, coordinate amongst teams, and do other tasks, communication channels are well-organized and simple to use. Even though there are a variety of communication options on the online market, [HRMS software Dubai](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php) solves the problem more effectively. In both offline and online models of the workplace, HRMS systems encourage effective communication. After the global pandemic outbreak, while businesses were operating remotely, HR managers and staff maintained in touch and communicated with one another using [HRMS](https://hrms.ae/) software at any time, anywhere, and on any device. It is important to note that tools like the employee directory make it easier for staff members, especially HRs, to contact people quickly and easily.

Drew     Sat Dec 14 2024
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emerald

Customer Relationship Management

Top 10 Features of CRM Software

What is CRM? ------------ Customer relationship management (CRM) software is the best way to increase sales while keeping track of clients and prospects. With CRM, you’ll never miss a lead again and can always count on support when needed. CRM enables organizations to establish client relationships, which encourages client retention. Since customer loyalty and revenue are two factors that affect a company’s revenue, CRM is a management strategy that increases a company’s earnings. Source: [www.penieltech.com](https://www.penieltech.com/) Need for CRM software --------------------- Through dependable systems and processes, customer relationship management (CRM) software helps your company manage customer contacts, offer support, and preserve relationships. It also connects organizational procedures from marketing, sales, and customer service by incorporating features and functionalities that may strategically support important projects across departments. Let’s discuss the top benefits of CRM software ---------------------------------------------- ### Automation to streamline the sales process [CRM software](https://www.penieltech.com/crm-software.php) automates the sales processes and also enables users to standardize workflows and procedures related to sales, marketing, and customer service to enhance team cooperation. ### Easy access to data Systems for managing customer relationships have searchable databases that users can utilize to obtain client and prospect information while in meetings. Additionally, the most recent consumer information is available from any access point thanks to some solutions that enable customers to sync data across different devices. ### Business performance Information that can be used to change customer as well as business behavior. In order to develop customized dashboards and reports based on client data, certain CRM software manufacturers include analytics functionality. These reports support managing marketing campaigns, revenue tracking, and also consumer segmentation. Let’s have look at the Top 10 features of CRM Software ------------------------------------------------------ ### 1\. Sales Management Elate CRM automates time-consuming routine sales, marketing, and also support tasks to free up more of your time to focus on your clients. It also creates efficient processes to reduce human data entry, get rid of duplication, and accelerate the entire process. Sales managers may enter leads, access the leads and turn them into opportunities, view all sales opportunities at once, or filter by sales stages, status, amount, and probability of close using [Elate CRM](https://www.penieltech.com/crm-software.php). For the leads, it can also generate bids and orders. ### 2\. CRM Dashboards The Customer Relationship Management (CRM) Dashboard will offer you a brief overview of all the significant sales statistics and metrics, goals to be met, and the productivity of all of your company’s sales leaders. Your potential clients, current clients, and their orders will all be listed in detail in the overview widgets that are generated on the dashboard panel. #### Dashboard includes * Dashboard Widgets * Widgets for new customers as well as support. * Order Monitoring. * widgets for leads * Tracking and Reminders for Follow-Ups ### 3\. Lead Management CRM’s lead management feature collects all of your leads in one location to keep your pipeline clear and also deal-focused. Effective communication and also nurturing are essential for converting leads into potential customers. Elate CRM’s lead management tool provides adequate follow-up to move your leads through the sales pipeline from lead creation through scoring to conversion. This allows you to keep track of every possible consumer and their pertinent data. Based on their interest in your product or service, new leads generated by the sales as well as marketing teams may be elevated to opportunities. Additionally, you may review each executive’s performance and obtain a report on how many leads they generate. ### 4\. Opportunity Management The [marketing](https://en.wikipedia.org/wiki/Marketing) team’s produced leads can be qualified and advanced to the opportunity stage. You may now screen out potential clients and the deals they are interested in. Thus, the sales team is able to communicate with customers directly and provide them with product estimates. Never lose track of any customers or clients who require your service or product thanks to automation in the sales team’s process. You may increase your customer base and provide excellent customer service by allocating a person to each opportunity. You can turn this possibility into a business proposal and keep track of all the necessary follow-ups. ### 5\. Make a Better Proposal Receive professionally designed, automatically generated business proposals and invoices that are ready to be sent to clients. You may also quickly check various discounts and rates that are offered to various consumers. Users can put the payment terms, expiration date, delivery terms, and other selling details here. Users can additionally specify the transaction’s currency and VAT values. You can avoid the hassle of creating a unique invoice for each customer by using our quotation and invoice generator to generate a ready-made pdf document. We can create invoice and report templates with your company’s logo, colors, and also trademark signatures that may be customized to your business’s needs. ### 6\. Automated follow-up The automation and maintenance of the sales process flow is the primary purpose of CRM UAE. The [CRM UAE](https://www.penieltech.com/crm-software.php) will remind you frequently or on the scheduled date after you receive the quotation to start the processes so that your sales representatives remember to follow up with your customers regularly. Calls, emails, or meetings that serve as follow-ups can help you develop a report with your clients. By automating these routine operations, your team may put their attention and effort toward more difficult jobs. * Users can control the follow-ups for a certain proposal. * Employees can be given follow-up or activities, and they will receive mail notifications. * On task completion or closure, users have the option to close a specific follow-up. ### 7\. Reports to Promote Sales With this feature, the marketing coordinator and managers can check the reports and performance of each sales executive. And assess how well they handled and converted each lead into an opportunity that resulted in a final sale. You may quickly view a list of all your clients and the things they have bought from you. Get a fast rundown of all the yearly trends in product sales. To increase your earnings and market effectiveness, you need also to manage your expenses and the money the marketing team brings in. ### 8\. Master Management Only the manager as well as the admin have access to this feature. With this, you can set up all of the products you offer, the amount of staff you have, and the login IDs and passwords for your salespeople. Masters provide you with access to all of the essential features and modules of the CRM Abu Dhabi and assist you in configuring the specifics of your business. Since ELATE CRM is a cloud-based solution, you may use it from anywhere and get rapid business information when you need it. Find out about every expense incurred by the company and adjust production or services as necessary. ### 9\. Security You can limit access to your employees based on their position within the company for increased security. To stop data leaks and security breaches, you can limit what various users can see in your CRM. This keeps your clients’ data secure and enables you to monitor the activities of your personnel according to level. Make the most of your company with adaptable CRM solutions. With the help of Elate CRM, you can improve your sales, marketing, and customer service. Modern Customer Relationship Management (CRM) Software is available from CRM Solutions - [Business Management Software Dubai](https://www.penieltech.com/). Additionally. the company may create unique customer experiences with the help of our CRM solution. It will support firms in developing meaningful connections. ### 10\. Expense Management By using this feature, you can keep track of all extra costs incurred by each employee separately, including travel costs, housing costs, and other allowances they receive for business-related activities. also on your request, the software will provide a report detailing all previous expenditures made by the employee over the course of the entire year.

Morgan     Thu Dec 19 2024
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emerald

Accounting Softwares

Is the Cloud Solution future of Accounting Software?

What is a Cloud Solution? ------------------------- In cloud-based computing, applications, storage, on-demand services, computer networks, and other resources are accessible via an internet connection via a shared cloud computing architecture shared by another provider. As one of the most dependable and efficient management resources, cloud computing is quickly becoming an essential instrument in the business sector. The on-demand storage solution is seeing tremendous success commercially and is creating enormous waves across industries. Naturally, the accounting industry is well aware of its unique benefits. Companies may access their financial data using any internet-connected device at any time, anywhere utilizing this economical and effective solution. As a result, firms using cloud accounting services can onboard 5X as many clients as those relying on conventional [accounting software](https://www.penieltech.com/). ![Cloud Accounting Software Dubai - Penieltech](https://www.penieltech.com/blog/wp-content/uploads/2022/10/cloud-technology.webp) Key Accounting Challenges Businesses Face ----------------------------------------- Corporate owners, bookkeepers, accountants, and managers are progressively abandoning antiquated accounting procedures in favor of cloud technology as a result of the demand for technologically advanced solutions in today’s business environment. The main goal is to remain competitive in the current digitization era and to be prepared for the future. The worrying difficulties accounting businesses encounter daily when dealing with conventional ways of preserving tax reports and storing financial data. However, this is another significant motivating cause for them to go to the cloud. ### 1\. Lack of mobile access to accounting data. The majority of CPAs are constantly updating vital financial data in the accounting systems. Their work obligations extend beyond the hours they are at the office and may call for attention at odd hours or night. Accounting software that is not accessed remotely, on the other hand, frequently overlooks important tasks. 77% of accountants want to work remotely in some way, so this lack of accessibility has remained a problem for them even in times of COVID-ravaged economies. But since telework has been a necessary component of remote work up until now, that could mean another setback for the accounting sector, according to several businesses. ### 2\. Higher operating costs and costs associated with outdated technologies Traditional on-premise accounting software has additional drawbacks, such as higher maintenance costs, a need for backups, and the inability to access data remotely. They take longer to set up, and since the data is only on that one machine, granting access to it might be difficult. Furthermore, upgrading to the newest versions often requires additional fees, which can put a strain on your budget. Not to mention, these solutions are not tailored to meet your specific functional requirements. Traditional accounting software additionally needs regular upkeep after installation. Large businesses may be able to manage operational costs, while small businesses frequently struggle to implement advanced IT infrastructure and maintain it. Negative effects on accounting procedures are a given. > **_Select Product for Free Demo_** > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_32" ).setAttribute( "value", ( new Date() ).getTime() ); ### 3\. Ineffective manual accounting data handling Accountants deal with an endless amount of financial data daily. It typically entails painstaking manual labor on their part where they engage in a variety of redundant tasks like filtering necessary data, editing it to the client’s requirements, and sharing it with other accountants. All of these play a crucial role in ensuring accuracy in reporting and gaining clarity on tax filing documents. Not only does manual data processing need a sizable amount of storage space, but it also takes up a significant portion of an accountant’s day. Furthermore, it is extremely difficult to recover this financial data in a useful format. ### 4\. Financial setbacks and disruption brought on by novel dangers. Business continuity issues might arise from outdated accounting technologies. Technical issues, system flaws, or more major situations like natural disasters are frequently the cause of this. Due to the unpredictable nature of such difficulties, businesses closed for hours or even days. This downtime causes conflict within teams, which ultimately lowers productivity and efficiency in the accounting workplace. The extended discontinuity can lead to significant financial losses. ### 5\. Exposure to security threats The majority of the accounting information that accountants and bookkeepers work with is private. This contains a tonne of private data, like credit card information and bank account information. Naturally, any security flaws or loss of financial data can cause accounting professionals a great deal of grief. The bad news is that antiquated accounting software lacks [cybersecurity protections](https://www.penieltech.com/blog/10-essential-cyber-security-concepts-you-should-know/). The poor maintenance of data increases the risk of cyberattacks and unauthorized system breaches. This is especially true for [small accounting businesses](https://www.penieltech.com/), which lack the sophisticated cybersecurity defensive mechanisms of larger companies and frequently become the main targets of hackers and cybercriminals. #### All these issues that businesses are facing are solved by cloud solutions. Let’s have look at the benefits of Cloud Accounting Software for Accountants and Business Owners ------------------------------------------------------------------------------------------------ When you look at account management from the perspective of business expenditure, cloud technology has demonstrated advantages for accountants and business owners. Companies that invest in cloud-based accounting software can easily make the transition to a paperless workplace, cut back on manual labor, and save on overhead costs. A study found that employing cloud accounting software accelerated business growth for 87% of companies. #### Here are a few game-changing advantages that cloud-based accounting software is known to provide businesses: ### 1\. Time-saving, faultless, and easily transferable Automating repetitive and laborious activities with cloud-based accounting software might save bookkeepers hours or even days of work. Modern accounting methods enable the direct acquisition of financial data from documents such as bank statements, emails, photographs, and even online sources. Financial entries are unlikely to include any errors because they are modifiable and unaffected by human interference. Due to the cloud storage, there is no need to generate numerous files because the data is available to view, edit, or share with authorized users. This guarantees smooth teamwork between several groups. Additionally, accountants can notice strategic trends, evaluate financial data in real time, and get insightful information to prepare for disruptive events. ### 2\. Continuous access anywhere, at any time Accessibility is made possible 24 hours a day, seven days a week, from any location, using any internet-capable device. You only need permission to access the hosted environment. [Accounting and bookkeeping](https://www.penieltech.com/) professionals can serve several clients simultaneously because of this constant access to data, which helps them expand their business. ### 3\. Complete security and ongoing updates Business owners and bookkeepers can greatly reduce the risk of cyber theft by transferring important financial data to the cloud. Reliable cloud accounting software comes with a wide range of security features to protect the confidentiality and privacy of your data. To prevent unwanted access to your accounting data, security firewalls, data breach detection, and encryption software are in place. Additionally, cloud-based accounting software automatically backs up your data. While you work and is accessible even in the event of a natural disaster like an earthquake or a flood. Your program will always be up to date with the most recent tax rates, modern features, and other essential functionality thanks to regular security updates in real-time. ### 4\. Affordable and customizable When you choose cloud accounting software, you often benefit from a wide range of advantages by utilizing the specific accounting functionalities your company requires. Cloud accounting software is very affordable and simple to use because there aren’t any difficult installation or maintenance procedures needed. Cloud-based accounting software enables accountants to take advantage of add-ons tailored to businesses. So they can handle client engagement, [payroll](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php), invoicing, and tax filing from a single location. There are also a variety of payroll-related tools available now that are used to manage all payroll-related activities. ### 5\. Scalable, adaptable, and precise The greatest option for business owners without an accounting background is cloud accounting software. The majority of accounting operations are automated, therefore user involvement is minimal to nonexistent. Your cloud accounting file stores all the information you enter and offers a complete picture of your business’s finances, enabling you to make well-informed decisions. Calculations and expenditure reporting become more accurate as a result of this. Given the unmatched scalability of cloud-based technology, expanding organizations don’t need to look elsewhere for accounting solutions. They can adaptably use third-party integrations to meet their objectives. For instance, firms may manage all operational aspects, from payroll administration to [CRM](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php), from a single location thanks to cloud accounting software’s compatibility with practically all third-party accounting software on the market.

Admin     Wed Oct 16 2024
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emerald

ERP Application

Get Answers to Your Top FAQs - Select Perfect ERP

Businesses frequently are caught off guard when using enterprise resource planning software, also known as ERP. Most organizations underestimate the work necessary to implement the selected ERP solution. The business won’t see a return on its investment from the new enterprise software system if the program is not installed correctly. For individuals interested in learning more about the best practices for ERP adoption. ![erp software dubai](https://www.penieltech.com/blog/wp-content/uploads/2022/10/erp-software-dubai-penieltech-1.jpg) Let’s go through some key questions and their responses as an FAQ. 1\. What is an ERP System? -------------------------- Medium-sized and bigger businesses, as well as occasionally smaller businesses, employ ERP more than other types of software applications. ERP software focuses on integrating business processes into a single, simplified database and user interface by providing modules for each of the main business functions. Including human resources, finances, inventory management, sales, and customer relationship management, in addition to other mission-critical features. Instead of these databases and processes operating in silos, the primary objective of [ERP software](https://www.penieltech.com/erp-software-uae-dubai.php) is to merge previously independent databases and operations into a single source of truth. CRM, inventory management, and other sales operations modules receive transaction information when a customer puts in an order for a product. 2\. Why do I need an ERP? ------------------------- Given the state of the market today, manufacturers must have an ERP system. Since it enables them to reduce costs, boost efficiency, and boost productivity. Your financials, supply chain, operations, reporting, and manufacturing activities are all integrated into one system by Enterprise software. Which connects every division and component of your firm and aids in productivity growth. Nothing else can save expenses, offer accurate real-time data, and streamline corporate processes as well as ERP systems. ERPs enable improved shop management, which lowers operational and administrative costs. Your costs will decrease as a result of increased efficiency, which will help you manage labor costs, supply chains, and inventory. > **_Select Product for Free Demo_** > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_33" ).setAttribute( "value", ( new Date() ).getTime() ); You can continuously monitor, manage, and perfect your shop thanks to real-time data from your ERP. Because they are the finest means to establish visibility and connectivity throughout your business. Enterprise software’s also the cornerstone of Industry technologies for manufacturers. You must establish a solid foundation for your shop with the appropriate ERP. Before utilizing these new technologies to their maximum potential. 3\. What Makes an ERP System Better Than a Collection of “Best in Class” Tools? ------------------------------------------------------------------------------- The solution to this query is not straightforward. In some situations, a best-in-class solution may be preferable to an ERP system’s similar capability. Few, if any, situations will allow a group of best-in-class systems to outperform an ERP system. ERP is typically regarded as having strengths in the following areas: manufacturing, planning, buying, selling, inventory management, warehousing, and finance (although some accountants would argue that point). The majority of ERP systems do, however, also include extra capabilities for * Project management, * Engineering management, * Service * Quality, * CRM, and other specialties. It often doesn’t make sense to have fully different systems for purchasing and sales and finance and well, you get the idea. Since ERP basic functionality is typically what a firm is looking for. Most businesses will strategically look for a basic system that meets the majority of their needs before choosing additional software to handle tasks that demand more specificity. It usually boils down to determining whether the ERP capability is adequate before deciding whether to employ a best-in-class system. The capability of an ERP system might not be sufficient for an automobile, food, or medical business where quality could make or break the company. These businesses may then consider a piece of software that entirely satisfies all of their requirements before integrating it with their ERP software. The ERP system may offer great functionality for another organization that only needs to perform a yes/no/reject decision at the beginning or conclusion of the production process. Any process that uses specialized software can benefit from this similar line of thinking, including * CRM, * Engineering, * Product lifecycle management, * Financial consolidations, * Service, * Manufacturing execution systems (MES), * Warehousing management systems (WMS), and others. 4\. How do I choose the best ERP for my company? ------------------------------------------------ The correct ERP, in other words, is all about fit and will differ according to your industry, size, spending capacity, and needs of your company. The most acceptable option for the plant across the street might not be the best one for you. While hearing from other manufacturers about their experiences with an ERP is valuable. You need also carefully consider your company’s needs and abilities to identify the appropriate ERP for you. You can start researching ERP companies to get the best option for your company. Once you have critically thought about your shop. Write your needs down as actionable things have shown to be the most effective strategy to assist manufacturers in focusing on their needs. By the time you’re done, you’ll know exactly what your company requires and be able to locate a solution that works for you. A little extra work upfront will pay off in the long run by preventing you from choosing the incorrect system and making costly mistakes. 5\. What Steps Are Required for Successful ERP Implementation? -------------------------------------------------------------- An ERP’s ability to support specific business objectives makes the difference between one that simply works and one that offers great investment returns. ERP software selection and implementation are two distinct processes. However, choosing an ERP that is a good fit for your company’s objectives greatly improves the likelihood of a successful ERP deployment. * Choose the ERP program that most closely matches the aims and procedures of your company. * Draw a map of your company’s interactions with the ERP system, taking into account customizations. * Make a detailed budget and timetable for implementation that includes measurable targets. * Establish a change management team to handle ambiguities, unforeseen problems, and resistance to new business procedures or IT systems. * Form a group of stakeholders, such as department heads and end users, to handle different aspects of the ERP deployment, such as offering or assisting with training. * Data that will be imported from old systems into the new ERP database should be cleaned and organized. * To prevent scope creep and the disruption of business productivity, stakeholders should be updated on the implementation process at each stage. The essential processes are the same regardless of industry, yet successful ERP deployments will differ slightly depending on verticals and business requirements. 6\. What qualities should you prioritize finding in an ERP? ----------------------------------------------------------- Your industry and business will determine the features you require. Finding the ideal Enterprise software for your needs is crucial, and we cannot emphasize this enough. The priorities that are most important to you and your company may not always be the same as those of other businesses. Always refer back to the list of action items you created for your firm when considering features. We’ll provide you with a useful list of features below, but keep in mind that your business is the main focus. As a result, the following are some of the most essential Enterprise software capabilities for custom manufacturers: * Planning for manufacturing resources. * Strong inventory control. * Management of the shop floor and scheduling. * ERP and CAD integration * Accounting with full integration. * Managing relationships with customers. * Both business intelligence and analytics. Today’s ERP systems are quite reliable and provide a wide range of tools, features, and capabilities made specifically to address the special requirements and difficulties faced by custom manufacturers. Everything you require to manage your custom manufacturing business should be included in a good manufacturing-specific Enterprise software solution, including more common features. Like MRP, inventory management, and accounting as well as features that are specific to your requirements, like CAD integration, shop floor management, advanced reporting, and business intelligence tools. 7\. What does it cost? ---------------------- Answering this question is challenging. Enterprise software pricing is tough to discover because most businesses don’t often make this information available to the public. Direct comparisons are challenging since different businesses will employ various pricing strategies. A system’s implementation and up-front costs are typically combined with yearly licensing, product, or service fees. The system’s overall cost will depend on your company’s requirements, the number of users, the degree of [customization](https://en.wikipedia.org/wiki/Customization) you desire, and the amount of training and assistance you require for deployment.

Admin     Wed Oct 16 2024
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emerald

Accounting Softwares

6 Questions to ask when choosing an inventory management system

What is inventory management? ----------------------------- Businesses may decide which goods to order when and in what amounts by using inventory management. Inventory is monitored from product purchase through the sale. The method detects patterns and responds to them to ensure that there is always enough inventory to satisfy customer orders and appropriate notification of a lack. After being sold, inventory becomes a source of income. Before being sold, inventory consumes cash but is recorded as an asset on the balance sheet. Consequently, having too much stock costs money and reduces cash flow. ![Inventory Management Software Dubai](https://www.penieltech.com/blog/wp-content/uploads/2022/10/inventory-management-software-dubai-penieltech.jpg) What is an inventory management system? --------------------------------------- [Inventory management software](https://www.penieltech.com/inventory-management-software.php) is a program that streamlines the processes needed to efficiently maintain inventory, manage to reorder, and update accounting data. It automates some aspects of inventory and [warehouse management](https://www.penieltech.com/warehouse-management-system.php). For every organization, no matter how big or little, having a solid inventory management system may be quite beneficial. Having access to your inventory information in one accessible location is far simpler than having to search through numerous spreadsheets or pieces of software. With an inventory management system, you can easily enter any item that enters your company and know where it is right away at all times. This gives you up-to-date information from anywhere and stops you from overstocking or understocking any particular product. 1\. What does your company resemble? ------------------------------------ Before choosing your perfect inventory management system, you must sit back and evaluate the state of your company. Although it may seem unusual to analyze your own company in this way, doing so is a crucial first step in determining which inventory management strategy will serve your needs both now and in the future. This inquiry has two parts: what sector do you work in and what size business do you have? Businesses that are just getting started may not initially require an expensive inventory management system. > **_Select Product for Free Demo_** > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_34" ).setAttribute( "value", ( new Date() ).getTime() ); In contrast, companies that are expanding quickly may be able to afford (and possibly benefit from) a more costly and comprehensive system. Additionally, some inventory management systems include capabilities particular to certain businesses, but several are more “one size fits all.” This fact is undoubtedly something to take into account if you are aware that your line of work will necessitate special requirements. 2\. What size is your company? ------------------------------ What size and stage of growth your firm is in made clear as the first crucial inquiry. It’s small, medium, or huge, right? Paying a lot of money for an inventory management system is not the best choice if your organization is still small. A spreadsheet might be sufficient for your basic inventory needs up to about $100k in turnover. The inventory ecosystems of medium and large organizations are typically more complicated, necessitating the use of more sophisticated inventory management tools. 3\. What difficulties do you face? ---------------------------------- Any item you buy for your company should be intended to address a problem. So, with your new inventory management system, what issues are you hoping to address? Consider the particular challenges you’re having with inventory management and business expansion in general. Without taking into account this crucial point, you risk spending a lot of money on a product that won’t genuinely help you advance your business. Consider the features that might be useful to address these issues once you’ve identified your greatest inventory management obstacles. Whatever inventory management system you choose, make sure it provides the functionality you need to handle these difficulties. If you’re unsure, ask the customer service staff of that business for clarification. Make a list of the operational issues or inventory management problems your inventory management system should address. This might encompass items like: * More precise stock level monitoring. * Lowering the expense of stock ownership. * Time savings and improved workflows. * Increasing revenue. * Predicting consumer demand, etc. 4\. What sort of inventory management software does your business need? ----------------------------------------------------------------------- You need to be really transparent about your issues. You must first be aware that each sort of organization operates in a unique way. For instance, the criteria you might need to alter will differ depending on whether you run a clothing store or a restaurant. Second, the unique requirements of the business are also taken into account. For instance, if you need software to help print barcodes for your products, make sure you choose one that also offers inventory management. 5\. How much assistance will you require? ----------------------------------------- Speaking of assistance, choosing your new program depends on it greatly. When you buy an [inventory management system](https://www.penieltech.com/inventory-management-software.php), you’re also paying for customer support in addition to the system itself. The fact that some firms require more assistance than others is entirely acceptable. Just make sure your system of choice offers the support you’ll require, both in your current situation and as your business develops. If you’re buying a system like this for the first time, you might prefer a more accessible and hands-on customer care team. But if you’re more seasoned, you might be fine with a smaller support department. On the other hand, because there are fewer moving pieces in simpler solutions, smaller firms may be able to get by with less support. But larger enterprises may require a more committed support crew to aid with the more complicated inventory management system. To learn more about their support staff, have a look at customer reviews or sign up for a free trial. 6\. How much can you spend? --------------------------- You’ll need to take the time to establish your budget, of course. For smaller organizations that are just getting started, some inventory management systems provide a free trial or allow users to access a free basic version of the application. A high-quality inventory management system, however, can cost upwards of six figures for [larger businesses](https://en.wikipedia.org/wiki/Big_business). Everything just relies on your needs and budget. However, keep in mind that you will likely receive less for your money when you purchase an inventory management system. Decide how much you’re willing to invest in your firm to make it more efficient and productive overall before making this purchase. You should also include in the money you’ll save on labor costs as you won’t need to track inventories by hand anymore. By approaching your purchase through this lens, you may find it simpler to defend the additional cost of your preferred application. Elate inventory management software offers all the benefits of inventory management. [Penieltech](https://www.penieltech.com) is the provider of Elate inventory management software in Dubai, UAE. Inventory management software Dubai manages your stocks, and also with the barcode scanning capability of the inventory management system, you can automate the process of adding and selling items. Elate inventory management software Dubai have the feature of multi-location tracking, reporting, inventory tracking, reordering, integrated accounting, etc. Our inventory management software UAE is customizable and highly integrable which can integrate with third-party apps. and also you can customize it according to your business need.

Admin     Wed Oct 16 2024
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emerald

Uncategorized

Why Tally is different than other ERP Systems?

What is an ERP system? ---------------------- Businesses utilize enterprise resource planning (ERP) software to organize and control the crucial parts of their operations. ![ERP Software Dubai](https://www.penieltech.com/blog/wp-content/uploads/2022/09/IMG-COMIC3_ERP-Vs-TallyPrime-100-1-1024x1002.jpg) Numerous ERP software programs are essential to businesses because they enable resource planning by integrating all the operations required to manage their operations into a single system. Organizations use ERP, a category of software, to control routine company processes like accounting, purchasing, project management, risk management, compliance, and supply chain management. ERP makes it possible for all corporate processes connected and controlled properly, enabling efficient business administration. A company, for instance, has a variety of departments. These systems use different operating systems, but they are connected by [ERP software](https://www.penieltech.com/erp-software-uae-dubai.php), which also gives business owners crucial information for efficiently managing their operations. By connecting network software components ERP permits the flow of data into a central database. It is not merely a single software solution. For precisely this reason, a robust ERP solution enables integrations with a wide range of devices and other programs. What is Tally ERP? ------------------ Tally is an ERP accounting software used to capture a company’s daily business data. TallyPrime’s goal has always been to provide its users with the most recent and cutting-edge software that helps to improve their experience while systematizing a variety of activities, including accounting, inventory, compliance, etc. With this goal in mind, [Tally Prime](https://www.penieltech.com/tally-erp9-dealer-in-dubai.php) has released TallyPrime, a novel, superior, and also an intelligent version of Tally. ERP 9. This innovative design compromises an excellent user experience and also includes numerous novel features. Tally is accounting software that aids in the reporting, storing, and also analyzing of financial data for businesses. Whether it is a hundred transactions or thousands of transactions, accounting software makes it easy to record and generate relevant information from that data thanks to its automation capability. Manual errors are eliminated, and also accounting becomes more efficient, quicker, and simpler. Since all transactions and financial data are maintained electronically and take up no physical space, this lowers corporate costs, reduces errors, and saves a significant amount of time. [Accounting software](https://www.penieltech.com) makes it possible to quickly access financial data when needed and gives you access to comprehensive reports that help you make wise financial decisions. ![Tally Prime UAE](https://www.penieltech.com/blog/wp-content/uploads/2022/09/tallyprime-penieltech.png) Features of TallyPrime ERP -------------------------- Moreover, You can manage accounting, invoicing, inventory, payroll, taxes, etc. with the help of TallyPrime. Accounting and Invoicing ------------------------ No matter how large your business is or what sector it serves, TallyPrime makes accounting and also finance easy. Tally prime helps to create professional-looking invoices with configurable choices. Additionally, With tally prime you can manage your purchases and sales Inventory management -------------------- The management of inventories is another crucial aspect of tallyPrime. You can effectively monitor your products at one or more places and daily monitor your inventory level. Stock movement tracking, forecasting, controlling, and also optimization can be simple procedures. You can group and also categorize numerous things to better arrange product lines. Additionally, you can record the entire manufacturing process in your production diary. Taxation - ---------- Moreover, TallyPrime is VAT enables software With its 201 VAT Report Facility. The extraordinary scalability of Tally UAE’s VAT system allows it tailored to match your particular business demands. [Tally UAE](https://www.penieltech.com/tally-erp9-dealer-in-dubai.php) VAT inputs the required adjustments. An excess input tax credit that remains after the input’s VAT liability is eliminated - VAT You may rest easy knowing that the returns you file are always accurate since the prevention, detection, and correction procedure makes sure your books are always accurate. Payroll management ------------------ Another significant feature of TallyPrime software is payroll administration. Moreover, Employees are categorized according to the employee position, department, and location. Additionally, You can view any exceptions and resolve them as well. To take paid time off, unpaid time off, and also sick leave into consideration, you can create several attendance categories. Let’s take a closer look at this blog’s major topic: the difference between Tally and ERP software. --------------------------------------------------------------------------------------------------- **ERP Software** **Tally ERP 9** ERP software is a comprehensive software solution made up of modules that interface with various corporate operations. ERP includes **accounting** as one of its features. Other modules including operations, CRM, procurement, manufacturing, human resource management, and production are included in ERP. An ERP is typically provided as a tailored solution that integrates many business-related systems. TallyPrime software is a separate software program that focuses mainly on a business’s accounting needs. It provides in-depth features that address the financial aspect of any organization. Although it is necessary to handle the business’s financial operations, it does not interact with the rest of the processes in the same manner that an ERP often does. Moreover, ERP software offers useful insights into a company’s overall performance rather than just one specific area. For instance, ERP software tells you more than just how effective supply chain operations are run. It describes where issues arise across the entire company and where operations are going well. ERP software has a wider scope and offers a detailed perspective. The TallyPrime software provides comprehensive data on the company’s financial situation. Although significant, this is not an ERP’s full scope. Using accounting software, you can better comprehend your company’s current financial status. It enables you to comprehend your company’s financial health in great detail. Because all employees utilize ERP software to share information across departments, it improves collaboration between staff members in various areas. This can promote more departmental transparency and foster a culture of trust within the company. The fact that everyone is building on the same basis means that the user adoption rate is probably higher. TallyPrime software aids in enhancing communication between stakeholders and those in charge of the business’s finances. A snapshot of the business’s overall financial health provided by accounting software can assist stakeholders in making decisions that will reduce costs and increase income. ERP is the web-based application Tally is not web-based. ERP can integrate with various third-party application Integration capability is limited Additionally, ERP is Costly in terms of price and cheaper in terms of price they are suitable for advanced medium and large companies. Suitable for a startup, medium, and large companies. Process large amounts of data without any difficulty. It can handle a small amount of data Higher reporting capability limited reporting capability Still Confused? - Contact Penieltech - for Free Consultation ------------------------------------------------------------ [\[wpforms id=”296″\]](tel:+971 50 961 7708)

Admin     Wed Oct 16 2024
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emerald

Customer Relationship Management

Does your E-Commerce store really need CRM support? What you need to know

Let’s discuss the eCommerce CRM ------------------------------- CRM systems are tools (such as software or add-ons) that aid in locating sales chances by utilizing crucial data about your target market. E-commerce customer relationship management (CRM) software is used to handle communications between your business and past, current, and potential clients. ![CRM Software UAE](https://www.penieltech.com/blog/wp-content/uploads/2022/09/Does-your-eCommerce-store-really-need-CRM-support-What-you-need-to-know..jpg) Keeping a positive relationship with your clients is essential if you manage an online store. After all, your clients will ultimately determine if you can stay in the market or not. Data is obtained from anywhere. But you need a technology that makes it simple to get that information to use in regular communication. It is a database that compiles and arranges all customer-related data in one location. It enables you to transform unstructured data into logical information that can then be used for a variety of purposes. Such as developing tailored marketing campaigns, enhancing customer support, and identifying future customers. Centralized data ---------------- When you first start selling online, you could use a variety of platforms and methods for promotion. You presumably also use a few marketing tools to be able to do this. While making sales, each tool’s data about your customers and their orders are kept in separate silos. You must move from platform to platform to gather data because there is no central repository for it. The main advantage of employing a CRM platform for your eCommerce firm is the ability to store all of your necessary records in one location. This is crucial as you develop your organization and diversify your client acquisition strategy. Since effective [CRM software](https://www.penieltech.com/crm-software.php) allows you to synchronize all your data and information across various marketing and sales channels. Every time you finish a data-driven job, you won’t need to update and sync the data manually. An eCommerce CRM makes it possible to do anything from segmenting your client base to calculating the return on investment from each marketing. And sales channel, getting insights for new product releases, enhancing customer service, and more. Customize your marketing approach. ---------------------------------- A recent study found that consumers will stick with a brand if they believe the messages they are receiving are relevant to their wants and expectations. You can benefit your clients by, for instance, sending them emails where you include their names and suggest things based on their past purchases. The ideal way to gather information about your customers and prior transactions is to integrate an eCommerce [CRM system](https://www.penieltech.com/crm-software.php) with your e-commerce platform. A CRM will also reveal more information about how your consumers wish to be contacted about new offerings. Furthermore, you require any further information on your customers when you begin designing your marketing approach. For instance, you’ll need to learn more about the region, ideal price range, or demographics. These data are all kept in CRM.            As a result, you will have access to information around-the-clock, be able to tailor your marketing plan to various client demographics, and increase your response rate. You can access all of your order and customer data in one location with an eCommerce CRM platform. Customer support  ----------------- Even if you offer the best products, buyers won’t choose you if your customer service is subpar. They’d prefer to buy from one of your rivals. A positive customer experience stems from giving out proactive communication, such as order status updates, delivery delays, or even information that enables customers to use their buy more effectively. You may centralize all of your support channel chats on one platform with the use of eCommerce CRM technology. This makes it simpler for you to stay on top of ongoing discussions, both favorable and unfavorable, and to guarantee a quick reaction. Furthermore, having quick access to a customer’s data, such as their purchase history and questions or complaints, can help you solve problems more quickly. Recognize performance analytics ------------------------------- Even with the best products, offers, and discounts in your store, you risk missing out on possibilities and using up your resources. If you don’t keep an eye on the results of your marketing, service, and support, and sales activities. Using a CRM solution to deliver detailed statistics and graphs of significant data, such as website views, product page visitors, orders, customers, incoming customer inquiries, and much more, enables making better decisions and allocating resources. Business Growth --------------- Every business owner hopes to grow their company eventually. It can be challenging to think about expansion when your plate is already full of other business endeavors and the collection and analysis of client data. The time savings provided by Ecommerce CRM is among its most significant benefits. You will always easily access useful information about your current and potential consumers. This translates into higher production, which inevitably results in higher revenue. Additionally, business expansion isn’t overly difficult to achieve when you allocate your resources wisely. Ecommerce CRM improves your brand’s market position and assists you in keeping your commitments to customers. Additionally, choosing which field you want to expand into and the actions you need to take to be successful will be quite simple. If you are aware of exactly what your clients are expecting from you. > **_Select Product for Free Demo!_** > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_35" ).setAttribute( "value", ( new Date() ).getTime() ); Why does Elate CRM Software be the best solution for business? -------------------------------------------------------------- Statistics and Dashboard interface - ------------------------------------ Your sales agents and receptionists will be able to complete their tasks more quickly and hit the sales targets set for them with the help of the CRM Interface. Which presents all crucial statistics and dashboards in an easily understandable manner at a glance**.** Records of clients – -------------------- Keep an organized record of all of your current and potential customers with the aid of this [CRM software in Dubai](https://www.penieltech.com/crm-software.php). Additionally, you encouraged me to contact them through social media, calls, messages, and emails. Lead management – ----------------- The lead section has to be updated with all of the leads that the sales representatives have generated. This allows you to keep track of every possible consumer and their pertinent data. You can use this section to fill in information about interesting products. The price they wish to pay, and the adjustments they require. You can also assign the leads to the appropriate sales representatives or members of the support team for additional follow-up and discussion. Opportunity management – ------------------------ The marketing team’s produced leads can be qualified and advanced to the opportunity stage. You are now eliminating potential customers and the deals they are considering. Thus, the sales team can communicate with customers directly and provide them with product estimates. Make a Better Proposal ---------------------- Obtain automatically generated, expertly designed company proposals and invoices. You may rapidly check the different prices and discounts that are provided to different customers. Users can put the payment terms, expiration date, delivery terms, and other selling details here. Users can additionally specify the transaction’s currency and VAT values etc. The hassle of creating a distinctive invoice for each client is reduced by using our quotation and invoice generator to produce a ready-made pdf file that is emailed to the client immediately. Invoice and report templates that feature your company’s logo, colors, and trademark signatures made by us and then tailored to your company’s requirements. Customize software ------------------ Elate CRM is the customizable software we give you the option to customize the system and add custom fields. Users can now more rapidly set up workflows and approvals, which are normally difficult processes, as needed.

Admin     Wed Oct 16 2024
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emerald

Accounting Softwares

Tips to prepare small businesses for financing

What is small business financing? --------------------------------- Small businesses financing refers to the methods used by aspiring or established business owners to raise funds to launch a new small business, buy an existing small business, or invest in a small firm that already exists to support ongoing or upcoming business activities. It’s no secret that securing finance may be challenging for small businesses. Therefore, be careful to ask yourself: **How can I maximize my chances of gaining credit approval?** before approaching lenders. ![Small Business Finance Software Provider in Dubai - Penieltech](https://www.penieltech.com/blog/wp-content/uploads/2022/09/finanace-software-provider-Dubai-Penieltech-1024x549.jpg) To increase your grant request’s chances of approval, follow these tips ----------------------------------------------------------------------- ### Show that your company has a consistent flow of cash Cash is still king and a crucial indicator of the health and prospects of a company. You can assure potential lenders that you have enough money to pay creditors, employees, and others on schedule by being able to show that you have a sufficient and/or continuous cash flow. Be specific and demonstrate to your financier what dependable cash flow you have coming in. Prepare financial documents such as bank statements and tax returns to demonstrate your understanding. These records give the financier a historical picture of the operation’s success and liquidity. When questioned about cash flow variations, explain why it decreased due to the recession or the loss of a client. The use of accounting software enhances cash flow. [TallyPrime](https://www.penieltech.com/tally-erp9-dealer-in-dubai.php) is accounting software that makes it simple and efficient to shift stock, potentially enhancing cash flow. Additionally, having access to informative reports instantly can help you make sure-footed judgments and better plan the expansion of your company. ### Retain a manageable level of debt The quantity of debt shown on your balance sheet is known as your debt load. You must be able to show that you can manage both your existing debt obligations and the additional debt repayments that your proposed funding will require. Be prepared to show how taking on more debt will benefit your company if you want to expand it. Project the additional revenue generated from the extra liquidity. For the financier, a crucial piece of information is how the loan funds will be used. ### Maintain a good payment record Moreover, The history of payments made by a company is one of the most crucial aspects that every financier considers. A financier wants proof that a company has a history of timely loan repayment. It’s possible that a financier ordered a credit report on your company from a third party. To ensure the report is correct, request to see it. The report might not mention your important business partners and other lenders who may attest to your reliable payment history and serve as strong references. Provide these references as evidence, and make sure to include the contact details of the individual you work with at your bank, supplier, etc. You can now manage payment schedules and receive payments more quickly with the help of quick and easy accounting tools. ### Show your business judgment Lenders in the future want to know that you have a strategy in place to deal with any obstacles that might arise. Lenders are also curious to check if you have the management in place to go beyond any challenges that may stand in your way. Have a business strategy that you can present to financiers, if at all possible. The business plan should include a projection for your company’s performance with at least two scenarios: how you anticipate your company will fare without finance and how it will fare with it. > **_Select Products for Free Demo!_** > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_36" ).setAttribute( "value", ( new Date() ).getTime() ); ### All you can do is use accounting software for financial management #### TallyPrime TallyPrime is [accounting software](https://www.penieltech.com/) that supports VAT and aids in managing your finances by maintaining your balance sheet and tax return. Tally is accounting software that helps companies report, store, and analyze their financial data. Accounting software, with its automated capacity, makes it simple to capture and generate pertinent information from data, whether there are a hundred or thousands of transactions. The elimination of manual errors speeds up, streamlines, and improves accounting. As all the information is in one place, there are fewer business expenses, fewer errors, and more time saved. Accounting software enables quick access to financial data when required and provides access to in-depth reports that aid in financial decision-making. TallyPrime assists with accounting as well as payroll management, invoicing, and [inventory management](https://www.penieltech.com/inventory-management-software.php). TallyPrime is distributed by Penieltech in the UAE. With extensive experience implementing business solutions inside the Tally framework, Peniel Technology is a well-known company serving clients worldwide. By bringing a superior grasp of the business processes to the table, we significantly increase the productivity of our customers’ businesses with the aid of Tally Software, UAE. Penieltech has two subscription options TallyPrime Gold and Silver. #### TallyPrime Gold With Tally Prime Gold, you may connect an unlimited number of PCs to a local area network. The only difference between the Gold and Silver editions in terms of features and functionality is the ability for multiple users to operate simultaneously. Tally Prime Gold has new features that provide data security, remote access, and on-demand data synchronization. And also flexibility to match your business procedures. #### TallyPrime silver One user is intended for Tally Prime Silver. This edition includes Tally.NET and services like remote access in addition to all the features and capabilities. Except for running on a single system at a time, both versions are identical in terms of features and functionalities. In addition to subscription services, Penieltech offers highly customizable software that is simple to adapt to your company’s needs. ### QuickBooks QuickBooks is an additional piece of accounting software. It is a powerful accounting tool for startups and growing businesses. One of the top accounting and bookkeeping applications, [QuickBooks](https://www.penieltech.com/quickbooks.html), is favored by many businesses. Using QuickBooks, the accounting and bookkeeping process is simple and real-time. It is a versatile piece of software that might satisfy your needs in terms of accounting. This can be time-consuming and frustrating, especially if you have a busy schedule and a lot of data to enter. This program is used by thousands of professionals, including small business owners, independent bookkeepers, and huge enterprises. Its main targets are small and medium-sized businesses, as well as independent contractors. Additionally, QuickBooks is available internationally and has offices all over the world. ### ERP Accounting software Last but not least software for accounting is ERP. Along with other tools, ERP offers accounting software in Dubai for small businesses. This software makes bookkeeping simple. ERP financial software accounting dashboards provide a quick view of all key performance indicators. With the help of customizable accounting dimensions and dashboards, you can now analyze every aspect of your growing business in one place. Additionally, [ERP software](https://www.penieltech.com/erp-software-uae-dubai.php) offers Billing and invoicing, journals, payments, multi-currency invoicing, banking, and customization features.

Admin     Wed Oct 16 2024
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emerald

ERP Application

Top 10 ERP Companies in Dubai

What is ERP? ------------ Enterprise resource planning (ERP) is a platform used by businesses to coordinate and manage the key elements of their operations. Numerous ERP software programs are essential to businesses because they enable resource planning by integrating all the operations required to manage their operations into a single system. ERP systems integrate all aspects of business management, such as * Planning. * Inventory or materials management. * Engineering * Order processing * Manufacturing * Accounting and finance * Human resources ![](https://www.penieltech.com/blog/wp-content/uploads/2022/09/ERP-Companies-in-Dubai-Penieltech.jpg) Let’s discuss the benefits of ERP --------------------------------- ### Efficiency Increasing efficiency is the main objective of putting ERP software into practice. With ERP, manual data entry is greatly reduced, and also repetitive tasks are eliminated. ### Productivity Moreover, [ERP software](https://www.penieltech.com/erp-software-uae-dubai.php) will save you time by improving productivity. Due to the automation of redundant processes, individuals will have more time to work on other important projects. As a result of the solution’s simplicity, they will also be able to work more efficiently. ### Information Integration - The most significant advantage is the promotion of integration. It does so because it can update data between related business functions and components. Moreover, the people involved in a project work together to improve productivity. ### Collaboration - Another major advantage of using an Enterprise resource planning system is collaboration. Collaboration between departments is critical to a manufacturing operation because it provides much more comprehensive visibility. Since [ERP systems](https://www.penieltech.com/erp-software-uae-dubai.php) use centralized and consistent data, departments can collaborate easily. ### Scalability - A structured Enterprise Resource Planning solution can gradually add new users and features. When a company is ready to expand and continue to build, enterprise resource planning software will help. Let’s have look at the top ERP Companies in Dubai ------------------------------------------------- ### Penieltech (Elate ERP) Penieltech is the provider of the Elate ERP in Dubai. We offer incredibly flexible and also integrable software. Any other third-party app is simple to integrate with our Elate ERP software. You can acquire your bespoke software thanks to our customizable feature. We offer ERP for manufacturing, HR and payroll, real estate, accounting, distribution, healthcare, education, hospitality, non-profit, and other industries. We offer a solution that is simple to operate. It doesn’t require much training to deploy and begin utilizing. Offering a variety of ERP service support options is Peniel Technology. The support team is on standby to answer any questions you may have. In addition to the free setup, we also offer free ERP training. You can schedule a demo with our specialists for the trial. > **_Select Products for Free Demo? for other ERP’s Select Custom_** > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_37" ).setAttribute( "value", ( new Date() ).getTime() ); ### Oracle ERP In Dubai, Oracle is a well-known provider of solutions. Oracle doesn’t offer many customization choices in its software because they mainly concentrate on product-based solutions. With its emphasis on large industrial enterprises, it properly supports their management. Some Oracle functions include inventory and supply chain management, enterprise performance management, revenue recognition, accounting, order administration, compliance and governance, product lifecycle management, and financial close. ### Sage The ideal piece of software for small and medium-sized organizations is Sage 100 ERP. It is employed for resource management and aids in inventory management. The software immediately provides manufacturing and inventory management. Distribution, accounting, manufacturing, customer relationship management, human resources, business intelligence, project management, and time management are just a few of the many modules of the program that handle the various facets of ERP’s. Additionally, it gives users the option to construct financial statements and offers a wide variety of established templates from which to pick. Additionally, the solution gives users access to the Sage 100 ERP cloud. ### ERPNext [ERPNext UAE](https://www.penieltech.com/erpnext-dealer-in-dubai.php) is an easy, powerful, and complete solution that is affordable and easy to use. It can be hosted on their servers or self-hosted by the user or even on mobile using the mobile app. It can be hosted on Cloud or Premise. Also, it’s trusted by happy users in 150+ Countries. It supports over 30 languages and is a large ERP system that assists organizations to manage all kinds of business workflow with no trouble and effectively. **ERPNext** is trusted by happy Users in 150+ Countries. Among its many business verticals, ERPNext provides solutions for Manufacturing, Distribution, Retail, Services, Education, Health Care, Non-Profit, Agriculture, Hospitality, and more. It **supports small and also medium-sized businesses** across the world. ERPNext Dubai is ideal for budding Companies. ### BitsSoft ERP Since it began deploying Bits Soft ERP in the GCC 18 years ago, the company Beam IT Solution has a stellar track record of success. Organizations have become more adaptable, scalable, and agile thanks to Bits Soft ERP. If you’re looking for the best ERP software that supports VAT for your business, BitsSoft ERP should be at the top of your list. Finance, trade, contracts, HRMS, manufacturing, CRM, and also real estate are just a few of its modules. ### SAP ERP The complete business resource solution is SAP ERP. All of the necessary modules for a business’s operation are provided by the program. Product lifecycle, supply chain, finance, human resource, and customer relationship management are all included in one piece of software. It is possible to implement SAP ERP on a computer, in the cloud, or a hybrid environment depending on the situation. It is coupled with various other programs to provide effective outcomes. You can easily manage your entire organization with the aid of SAP ERP. Regardless of the size of the firm, it is ideal and very scalable. It changed to accommodate your growth. ### Marg ERP9+ One of the most popular ERP systems in Dubai is Marg ERP9+. All of the capabilities required for effective resource management in a firm are present in the program. For small, medium-sized, and large-scale businesses, it is ideal. Retailers, producers, distributors, and other types of companies can choose from a wide assortment of modules. For easier access, it also offers consumers an Android app. Some of the components you’ll discover in Marg ERP9+ include order management, touch POS, connectivity with eCommerce platforms, barcode scanning, and sales force automation. ### Brainshere ERP Software One of the most well-known providers of software solutions in the Middle East is Brainsphere IT solutions. More than 500 firms in the Middle East have benefited from The Brainsphere’s services, and they have made a positive impression on their customers. Regardless of the size of the firm, Brainsphere is a great alternative. It is quite flexible and altered to fit changing business needs. It increases operating efficiency, boosts customer happiness, keeps track of customers, and assists with follow-up when necessary. Inventory management is extremely careful. All firms have access to the consolidated framework for improved administration. **_Contact Us for more ERP Solutions: [www.penieltech.com](https://www.penieltech.com/contact.php)_** **Note**: All Above are not Ranking of any vendor, they are just discussed according to the features and all.

Admin     Wed Oct 16 2024
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Information Technology

10 Essential Cyber Security Concepts You Should Know

What is Cyber Security? ----------------------- Cyber Security is the defense against cyber threats to systems connected to the internet, including their hardware, software, and also data. This method is used by both individuals and companies to stop unauthorized access to data centers and other digital systems. ![Cyber Security Dubai - Penieltech ](https://www.penieltech.com/blog/wp-content/uploads/2022/09/cyber-security-penieltech.jpg) What makes cybersecurity crucial? --------------------------------- The importance of cybersecurity is only going to increase as there are more people, devices, and programs in the modern company, along with an influx of more data, most of it sensitive or confidential. Cyberattackers and attack methodologies are becoming more sophisticated and numerous, making it even more difficult to defend against them. It’s crucial for corporate executives to keep abreast of new terminology and ideas in information security. Cybercriminals are utilizing network flaws, complex application stacks, and inadequate monitoring as the remote business sector expands and endpoints become more dispersed. Here are the top ten security ideas you should know about to deal with these evolving dangers. Because the more information you have, the better equipped you’ll be to decide what security measures to take for your company. What advantages does cybersecurity offer? ----------------------------------------- The advantages of putting cybersecurity procedures into place and sustaining them include: * Protection for businesses from cyberattacks and data breaches. * Network and data protection. * Preventing access by unauthorized users. * Quicker recovery from a breach. * End-user and endpoint device security. * Regulation observance. * Company continuity * Increased trust from stakeholders, customers, partners, developers, and also workers in the company’s reputation. Here Are The Top 10 Terms Used in Security Operations: ------------------------------------------------------ ### Let’s discuss the Basic Concepts of Information Security ### **MSSP (Managed Security Service Provider) -** It is a particular type of Managed Service Provider that offers security service management, monitoring, and upkeep on a 24/7 basis, often for a fixed monthly fee. Additionally, Monitoring [firewalls](https://www.penieltech.com/fortinet-distributor-uae.html), endpoint detection, and other cybersecurity technologies are a few instances of this. ### APT (Advanced Persistent Threat) It refers to an intruder’s capacity to remain present in the network continually. The aim of a hacker is normally to remain hidden within the network for as long as feasible. They do this to purchase time to gather information about clients, employees, intellectual property, and also about financial data. > Select Products for Free Demo or Consultation > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_38" ).setAttribute( "value", ( new Date() ).getTime() ); ### DDoS (Distributed Denial of Service) An IP address or source floods an online service with traffic, making it unusable. As a deterrent, hackers use DDoS to disrupt business operations until they satisfy a condition, whether it is monetary or otherwise. ### IOC (Indicator of Compromise) Any information pointing to a network intrusion. Normally, these are found through continuing log data analysis. Additionally, unusual outgoing traffic, geographical anomalies, traffic from mismatched ports, and aberrant privileged user activity are examples of common IOCs. ### SOC (Security Operations Center) According to Cybersecurity experts, threat and incident response procedures, and auxiliary security technologies make a security operations center. While many smaller organizations outsource their SOC, larger corporations often have one in-house as well. ### CASB (Cloud Access Security Brokers) These are agreements on policy between users and providers of [cloud services](https://www.penieltech.com). In addition to this authentication, single sign-on, authorization, credential mapping, device profiling, encryption, tokenization, logging, alerting, and malware detection/prevention are examples of enforcement techniques frequently mentioned and extensively discussed in plans. ### IAM (Identify Access Management) Regulatory framework for the control of users’ electronic identities. This is done in order to guarantee that each user has access at the right level for their IT infrastructure. ### IR (Incident Response) Incident response (IR) is the measures used to formulate for, detect, contain, and recover from a data breach. What is an Incident Response Plan? An incident response plan is a document that sketches an organization’s procedures, steps, and also accountabilities of its incident response program. This is done to lessen cybersecurity assaults, malware intrusions, and data breaches. ### SIEM (Security Information and Event Management) Security information and event management (SIEM) is a technology that aggregates and also analyzes activity from many different resources across your entire IT infrastructure. A SIEM solution can build up your cyber security posture by giving you full, real-time visibility across your entire disrupted environment — whether on-premises, hybrid or cloud — as well as providing historical analysis. SIEM solutions can also help you to escalate overall organizational resilience across a various array of tools and technologies. ### UEBA (User and Entity Behavior Analytics) This does an in-depth examination of user behavior to spot outliers. This reduces noise during log sessions and aids in understanding user behavior. Aside from these 10 concepts, there are other best practices for cybersecurity ------------------------------------------------------------------------------ Cyber security best practices include things like using caution when engaging in online activities, according to organizational standards and seeking help if you see something unusual. An in-depth examination of the cybersecurity best practices for businesses that each employee should be aware of and follow are given below. Defend your data ---------------- You probably avoid disclosing personal information like your Social Security number or credit card number when replying to an unwelcome email, phone call, text message, or instant message. It’s important to exercise the same caution at work. Remember that scammers can create websites and email accounts that look legitimate. Con artists are capable of forging caller ID data. Hackers can even take control of business social media accounts, posting messages that appear to be from the organization. Although it may seem obvious, it is crucial to protect the data, sensitive information, and intellectual property of your business. Sharing a picture with a computer screen or whiteboard in the background could give away confidential information to someone who is not an organization employee. Be cautious of the intellectual property of other businesses in the same manner. Even if you unintentionally disclose or use the intellectual property or trade secrets of another company, you and your business could run into trouble. You can do a lot to protect your employees, clients, and corporate data by developing and distributing company policies on subjects including how to properly dispose of outdated data and how to report suspicious emails or ransomware. Safe Wifi --------- The wireless networks in offices must constantly be secured, encrypted, and untraceable. You can utilize a virtual private network provided by your company to keep your data secure when working from home. A virtual private network (VPN) is essential when working from home or while traveling for business. Using a public Wi-Fi network puts your data in danger of being hacked. Keep in mind that certain VPNs are more secure than others. If your firm has a VPN, make sure you understand how to use it and connect to it. If you use public WiFi, you can protect your personal information by using Secure VPN software. Invest in Security Systems: --------------------------- For smaller organizations, purchasing a high-quality security system can be prohibitively expensive. This includes safeguards like [**antiviru**s](https://www.penieltech.com/hardware-and-networking.html) and **[malware detection software](https://www.penieltech.com/it-services-and-it-support-in-dubai-uae-abu-dhabi.html),** external hard drives for data backup, and regular system scans. Employees and businesses may save money and time by investing now rather than waiting until something goes wrong. Every device you use, both personally and professionally, should have security software installed. Despite the value of safeguarding your company’s data, if you see anything suspicious you should get in touch with your IT department or information security manager. The business could need to repair or fix the system if it has an issue. A problem should be notified as soon as possible. In Dubai, Peniel Technology is a top provider of [IT support](https://www.penieltech.com/it-services-and-it-support-in-dubai-uae-abu-dhabi.html) and also a provider of  Cybersecurity systems & services. Additionally, we offer the top [IT solution and services](https://www.penieltech.com/it-services-and-it-support-in-dubai-uae-abu-dhabi.html) required to keep your business running properly. **Our IT** **Products &** **service****s** **include** * Anti-Virus. * Firewall Setup &Configuration. * VPN Setup & Configuration * Remote Access Setup * Laptop repairing. * MS Office Products. * Printer & Cartridge refilling. * Hardware & AMCs. * Training & Supports * IP Phones * Barcode System & Thermal Printers etc.

Admin     Wed Oct 16 2024
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Uncategorized

5 Best Property Management Software for Small Landlords

It’s all too easy for things to get overlooked when you own rental property and its management. Minor mistakes like forgetting to schedule a repair or failing to make a rent payment can result in disgruntled renters and greater vacancy rates, which diminish cash flow and underperform the property. What is property management software? ------------------------------------- [Property management software](https://www.penieltech.com/property-management-and-real-estate-software.php) helps landlords and real estate agents keep track of leases, maintenance jobs, and tenants’ payments of rent and other obligations. Both residential and commercial property management can be handled by it. ![Property Management Software Dubai](https://www.penieltech.com/blog/wp-content/uploads/2022/09/Property_management-Software-Dubai-Penieltech.jpg) Here are a few property management software ------------------------------------------- 1\. Elate TMS/PMS ----------------- With more than a decade of real estate firm expertise and thousands of happy clients, Elate TMS is one of the market-leading property management software in the UAE and is a tried-and-true solution for large, small, and medium-sized real estate enterprises in Dubai. It offers a dashboard function that lets you see how much space is utilized and also available. By using the check-in and check-out options, you can keep track of tenant check-ins and check-outs while also reminding yourself of any contracts that are about to expire. You may enter expenses using our program and generate reports for each unit, building, and renter. Elate TMS is easy-to-use and also highly scalable software. Our [tenant management system Dubai](https://www.penieltech.com/property-management-and-real-estate-software.php) is a powerful application that enables property agencies and agents to expand their business swiftly through hunting and handling perfect clients. Our real estate software is purposefully created to market, systematize, and manage business processes flawlessly involved in the real estate industry. It is extensive software that can commendably support your business and intend cost-effective solutions. There is no need for pricey training because tenant management software in the UAE is simple to understand. The tool is adaptable enough to meet all the current needs of property owners or landlords. Our experts will address your issue and also guide you through the procedure. In addition to this send us an email, use the chat feature, or phone us at your convenience using the support number. We pledge to uphold global standards and provide comprehensive technical assistance throughout the issue to help you with your problems whenever they arise. ### Features 1. Great Dashboard 2. Reminder to remind the expiring contract 3. Expense entry 4. Check in and check out the details of the tenant 5. Report. 6. Quick Search Option etc. > **_Select Product for Free Demo Now!_** > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_39" ).setAttribute( "value", ( new Date() ).getTime() ); 2\. Avail --------- Software options for the do-it-yourself landlord are provided by Avail. Additionally, To assist the small investor in becoming a competent and confident landlord, the organization provides a full suite of tools and educational materials. The landlord software from Avail has two pricing tiers. In addition to online rent payments, maintenance tracking, tenant screening, background checks, state-specific leases, and syndicated job ads, the Unlimited Plan covers an unlimited number of rental units. ### Features 1. Online rent payments 2. Work order management 3. Tenant screening 4. Automatic listings 3\. TenantCloud --------------- For new owners, managers, and landlords with ranging from one to 500 units under control, TenantCloud is a good fit. Additionally, the business provides a free end-to-end property management platform with all-in-one features in a free Basic Plan, which includes maintaining a record of rental information, sending and receiving rent payments, and managing maintenance. ### Features: 1. Online rent payments 2. Work order management 3. Vendor payments 4\. SimplifyEM -------------- If you’re primarily searching for an accounting application for managing your properties, SimplifyEM is a great choice. With some special features like payment reminders, SimplifyEM mostly facilitates tracking and also collecting rent. Unlike other property management software programs, their free trial version of the software allows you to use the entire program for a short period of time without entering any sensitive data. SimplifyEm, created by real estate experts, is the best option for landlords who need assistance managing a few properties but don’t want to pay the exorbitant cost of other software solutions. It strikes the optimal mix between price and also features. Each package comes with email and phone support, tracking of expenses and income, reports on tenant lease management and also renters insurance etc With SimplifyEm, landlords can manage their rental properties quickly and easily while also saving time and money. Additionally, It enables users to keep tabs on their earnings and outgoings, collect rent and rental application information online, screen potential tenants, produce and review owner reports, keep track of maintenance requests, save documents, and automate repetitive chores. Due to its cloud-based nature, you can start using it right away. ### Features 1. Robust accounting features 2. QuickBooks integration 3. Reminders 4. Automated rent payments 5\. **Yardi Breeze** -------------------- With only a few web clicks, customers can manage their homes, tenants, and also finances. However, Yardi Breeze stands out due to its special function that enables users to capture images immediately from a smart device and add them to a maintenance request made on an internet platform. Previous users claim that the system is easy to comprehend. Still, even those who have trouble setting it up can get help from Yardi Breeze for free training and customer assistance to get their account set up and become familiar with the program. Features -------- * Online rent collecting, * rental applications, * templates and addendums, * maintenance requests, * automated marketing, * activity calendars with tasks, * renters insurance, * tenant communication options, * workflow sheets **Note**: Reference: Google.com, products are not listed according to ranking or number, they are just discussed with features.

Admin     Wed Oct 16 2024
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