2. Only Softwares used by Indian
SMEs
MS Excel MS Word
More because their pirated copies are available. But Tally is still
mainly an accounting software and hardly helps you grow or scale
your business. Its high time Indian SMEs move ahead of Tally.
3. Its High Time Indian SMEs upgrade
from Tally
Today in the age of internet it
is only the lack of awareness
which is keeping the Indian
SMEs behind the curve in
adoption of smarter business
softwares.
SMEs in USA, Europe, China,
Singapore, Thailand and
Indonesia are so much ahead
of the Indian SMEs in terms of
their capability to scale their
domestic as well as
international business.
6. Increasing sales and retaining
customers
• Maintain a common system where
follow-up details on each enquiry
are captured. This helps to
understand what type of customers
are giving you enquiries and how
you can help them to take a faster
decision.
• Maintain a common database of all
your customers so that you can
send them offers and updates of
your new offering or renewals.
7. Managing timely deliveries to
customers
• Most of the information among
SMEs is in the mind of the owner
which is not always shared with
other people in the company
effectively. This result in ad hoc
activities and quick fixes, which
affects the quality of the product and
the service delivered.
• Simple and timely data entry in an
ERP can help you plan your
operations and save a lot of time
and money.
8. Managing receivables and cash
flow
• There is no systematic tracking of
customer outstanding and his/her
credit history. This is very critical for
an SME where cash is the most
important thing. Even to have an
outstanding report the owner has to
depend on the person looking after
administration. This leads to
various errors and delay in
collection and also higher write offs.
• If a systematic entry of invoice, due
date and credit limit of a customer
is maintained by deploying ERP
solution, the collection period and
write offs can be improved
significantly.
9. Regulatory activities
• An ERP system can give ready
reports for filing taxes, profit and
loss reports and balance sheets.
Also, financial audit becomes very
smooth if all the data and
supporting documents are
available in a single system.
10. Impact on your brand
These days, customers are constantly
looking at signs that show that they are
working with a progressive company.
• IT enables better customer service.
With increased communication and
data capture, customers are more
aware of the status of their purchases
and service requests
• IT makes employees more accountable.
Customers know that employees are
tracked a lot more and hence more
tuned towards their requirements
• By having better IT service than your
competitors you should to the customer
that you are more innovative
11. IT as an enabler
Larger corporate are
enjoying the benefits of IT
to scale their businesses.
SMEs do not understand
software and probably do
not have a mindset to
invest in their growth.
Hopefully the scenario
changes faster!
12. For More information on how you can
grow faster and smarter
Visit http://www.erpnext.com
Call: +91 22 65265364 / 65100278
Thank You