alpana j

restaurant business with these innovative ideas

Drive more sales to your restaurant business with these innovative ideas

The food and beverage industry is massive, and it is predicted to grow in the next five years, owing to an expansion in the consumer base and rising disposable income. The UAE restaurant industry, on the other hand, has an abundance problem. Several restaurants are fighting for clients, therefore restaurant owners must concentrate on attracting more customers and increasing restaurant sales.

Restaurant sales are rarely consistent, and they are affected by a variety of factors like competition, seasonal swings, and the changing economy.

Here’s a list of creative ideas that may help you to increase restaurant sales:

Introduce a Restaurant Website or Mobile App

Though if you own a non-digital local restaurant, your storefront is no longer the face of your business. The website is the most essential aspect in assessing a restaurant’s reputation, according to 88 % of individuals who go online to research products or services. If your restaurant’s website isn’t up to standard, customers will most likely leave it at a single glance.

Your restaurant’s website or mobile app must have an elegant design, attractive features and it should be properly functional as well with easy navigation. Additionally, keep in mind that most people use their smartphones to conduct research of this nature, whether they’re at home, in the car, at work, or elsewhere – your website must be mobile-friendly.

Prioritize the Upselling

Up selling is a great technique to boost sales and draw attention to your high-profit food items. Getting consumers to purchase your most profitable meal item, as well as enticing them to get a dessert or a side dish, can increase the value of their average ticket.

Train your restaurant staff and employees to provide support to your visitors without going overboard. Your employees can recommend food to your guests, but they must not be forced to order it. Regular clients can have things suggested to them based on their likes and ordering habits. You can use your POS to help you re-sell popular and high-profit items. Waiters and servers can use the Server’s App to take orders from a handheld restaurant ordering system that shows the whole menu as well as the most popular items. CRM connectivity allows your waiters to monitor client ordering history and up sell things based on the preferences of the customer.

Make the Most of Your Restaurant Menu

Your restaurant menu has the ability to dramatically increase restaurant sales if it is designed correctly. Customers will see and order your high-profit and popular items first if you emphasize them. Add enticing menu descriptions that encourage customers to order more, and the restaurant will automatically upsell goods and improve sales.

You should also review and update your restaurant menu on a regular basis to identify and replace problematic products. Adding new items to the menu is a terrific approach to attract clients while also helping to boost sales.

Implement Online Ordering

It’s great to have a beautiful restaurant where people may dine, but having an online ordering option is much better. More people in the UAE are looking for restaurants that deliver because it is more convenient to eat in the privacy of their own homes or workplace! According to a survey, 60 % of UAE customers purchase food through an app.

You must either partner with an established online ordering website or a food delivery app in the UAE, such as Talabat, or permit online ordering through your own website or app. The majority of smartphone users consider online meal delivery applications and websites to be a more convenient approach to satisfying their hunger.

Online ordering broadens your horizons and allows you to reach out to more audiences who may or may not be able to dine at your restaurant.

Boost Your Restaurant’s Online Presence

The worldwide food and beverage business has been thought to be more internet-savvy than ever before in the last two years. If you don’t have an internet presence yet, you’re not on the right track to success. You can build your own website and app (which is expensive, time-consuming, and frequently buggy), or you can join Blink for Restaurants and improve your restaurant’s digital presence.

You will obtain a regular stream of organic orders if you have a branded website that is SEO optimized.

The branded apps are always amazing and worthy, allowing your clients to place orders from your restaurant with a single click of a button.

Marketing Creatively to Attract Customers

Marketing has evolved into an essential component of restaurant operations, and it plays a crucial role in raising restaurant sales.

With more than 70% of UAE residents utilizing the internet, you can’t overlook the value of online marketing in improving your restaurant’s sales. Most individuals, particularly travellers, look for restaurants online before deciding where to eat. As a result, if you want to increase foot traffic to your restaurant, you must focus on online marketing.

Restaurants offer fantastic online opportunities to reach out to potential customers, such as social media marketing and Google My Business listings.

You can also construct audience-specific campaigns based on demographics and behavior by investing in sponsored advertisements on Facebook and Instagram as it’s a trending and highly effective marketing strategy for restaurants. It allows targeting a certain demographic, allowing you to cater to clients depending on their preferences.

Offer Customers to Sample a Dish.

Entice your customers from time to time by offering them a sample dish to taste, this methodology helps you to gain good feedback and more new customers. This is the most successful and cost-effective way to market a restaurant and establish brand recognition. Every public event that attracts your target audience is an opportunity to provide product samples. Choose the best 2-3 dishes from your menu that can be easily transportable, and send out some solid restaurant representatives to meet and greet at the events and also try to offer those dishes to your customers at no cost need.

Prioritize Customer Retention

When compared to a new customer, loyal consumers spend 67% more on average! What, on the other hand, encourages client loyalty? The first step toward customer retention is consistency in food and service quality. Then there’s excellent customer service and demonstrating that you care. In the competitive market of the UAE, however, these have become a requirement rather than a uniqueness.

Customers will return to your restaurant if you have loyalty programs and rewards memberships in place. You can give customers reward points based on how much they spend at your restaurant, which they can use to reduce their total due bill, or you can give them a complimentary item on their next visit.

It’s difficult for people to deny an attractive offer, so this is a terrific approach to keep your clients coming back to your restaurant. Use a POS system to quickly integrate and manage your loyalty program across all of your ventures.

Organize Events

Restaurant owners in the UAE often offer special events around major holidays such as Eid to boost sales, but festivals aren’t the only time you can host events.

You may organize special events such as a “Curry Festival”, “Desserts Fest” etc, where you make several varieties of curries or delightful desserts from across the world and invite people to taste them.

These types of events are a terrific way to get more customers into your business and boost revenue. You can plan unique events based on the audience you want to reach.

Above anything, don’t forget to let people know about the events. Send out emails, SMS messages, and make social media posts about it. This will broaden the audience and raise awareness of the event. This is one of the most effective restaurant marketing techniques.

Introduce Attractive Rewards

Offering discounts is the best method of increasing restaurant sales. Special offers and discounts, maybe rendered meaningless unless they are properly strategized. Instead of providing a blanket discount to all of your customers, you can create personalized incentives to entice customers to order from your restaurant again. Consider the case of a customer who hasn’t visited your restaurant in a month. You can offer your regular customers, a 10% to 20% discount on their most often ordered item. Through a clever integrated Marketing Module, you can effortlessly extract this data from your POS and perform unique offers and discount promotions.

Summing up

We anticipate that the restaurant industry will make even more progress by the end of this year. Restaurants must increase their internet sales while also fine-tuning their restaurant management capabilities since a positive bottom line is crucial for all entrepreneurs. We hope that after reading this blog post, you will have a better understanding of How to Increase Restaurant Sales Online and Beyond.

If are in a way to integrate your restaurant with a well-developed POS software system, then you should proceed with our multifunctional retro POS system. Get in touch with us any time for its quick implementation and further discussion to know about our ERP inbuilt restaurant growth software system.

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grocery stores

The impact of technology on the transformation of rural grocery stores

Significant developments in the world have led us all to adjust on the fly in recent years. With today’s technology breakthroughs, the process of turning our problems into solutions has become much faster and more efficient. Even for businesses to succeed, incorporating technology and innovation has been a key component. Whether it’s attracting new consumers, enhancing interaction with existing customers, lowering operational costs, or inspiring internal employees, technology can bring a variety of benefits that have a beneficial impact. These advantages can also help you increase your revenue and margins.

In India’s retail sector, e-commerce has made huge inroads: by 2025, 220 million people are projected to purchase online, and the business is forecast to rise to INR 13,97,800 crore. Despite this, small-format vendors and neighborhood Kirana (grocery) stores still account for over 90% of India’s grocery retail commerce. These grocery stores must quickly embrace digital technologies in order to keep up with the shifting retail landscape and increasing consumer demands. This post examines administration, large e-commerce enterprises, and other private sector digitization activities, as well as current concerns about technology adoption among grocery store owners. Grocery stores should be digitized using the physical plus digital paradigm, which we call ‘phygital,’ or by aiming for convergence with large merchants and e-commerce enterprises, according to the report.

B2B platforms like QWIPO have created a tech-driven business strategy to give a one-stop solution where shop owners can receive all the SKUs under a single umbrella to keep the shop owner’s business-focused and enhance top-line revenue. This helps to build an ecosystem for Kirana store owners that is similar to the organized retailer market and elevates them to compete on an equal footing. Local grocery store owners can place orders at any time of day with a single click, without even leaving the house. These systems ensure that commodities are purchased directly from top vendors, skewing middlemen with the correct market price.

In the Indian retail sector, technological advancements are required to modernize distribution and supply-chain procedures for the benefit of both firms and consumers. This can be accomplished using Kiranatech, a technique that is generally by local grocery shops to turn Kirana stores into highly productive enterprises.

Know how the tech assets transform the way of Indian Grocery stores: the key insights

Online ordering and tracking

Orders can be placed with no minimum order value using mobile applications and websites that are specially designed and developed for grocery stores. Grocery stores can allow individuals to use these web and mobile apps to place orders and track them in real-time. These orders are delivered within two to three days, and customers receive high-quality products at reasonable prices.

Inventory management 

Most store owners have limited insight into their stockpiles, resulting in expired merchandise or missed sales opportunities. It is difficult for a single person to adequately and efficiently manage stocks. As a result, grocery store owners have traditionally had a difficult time procuring and controlling inventory.

POS Implementation

Independent businesses like you can give exceptional customer service in their stores because of our quick and easy checkout. It’s impossible to imagine a faster way to create item labels and shelf tags for pricing. You’ll see why more and more Indian food stores are turning to EZB Solutions for the incomparable functionality of their POS solutions, which includes the ability to easily set up high-speed checkout lines with touch screens and scanning, as well as incorporate scales for effective price monitoring.

List the amazing benefits that grocery stores are gaining with the raise of digitization:

Increasing Operational Efficiency

Gaining customers’ trust and revenue easily

Offering customers a multi-channel shopping experience

Easy inventory check-up

Allow customers to check available varieties while placing orders

Make customers enable to checkout digitally

Collect customers’ feedback on every purchase

Conclusion: The Future of Indian Grocery Stores

Grocers have been able to modernize their technology by offering online ordering, delivery, and accepting digital payments and other services in the aftermath of the pandemic. Furthermore, they have grown closer to their local customers.

The in-store operations of Indian grocers have been streamlined thanks to technology. Their company may now function with a small number of employees and the basic minimum of skills to make appropriate judgments based on reliable data. As a result, they look to be accelerating their growth. 

We have some excellent news for you if you’re seeking a strategy to stay ahead of the curve in retail. We specialize in assisting organizations like yours in better understanding and implementing digital transformation strategies to help them flourish. Before it’s too late, our experts can show you how to capitalize on this trend. Contact us with any inquiries or to schedule a free strategy call–we enjoy hearing from forward-thinking companies like yours!

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accounting software

Impact of Accounting Software on Business Performance

Here’s all you need to know about account management software

Accounting software has now become a big need for organizations, as observing the quick and effective growth of technology. Business owners have learned that manually managing finances would not help them reach their goals sooner and also with the expected turnover. Therefore account management software’s are designed to assist businesses to manage their budgets more effectively.

If you are a business owner who has been considering automating your financial operations using cutting-edge technology, you first need to grasp what accounting software is, and why such software can be advantageous to your business.

ERP software addresses the following issues in addition to empowering your business

You can optimize and automate your business processes with a well-planned ERP Software solution.

There is no room for inaccuracy with a single source of data.

The financial activities of your company are more accurate and efficient.

You can see where you need to improve in every company area since you have total visibility.

Processes are quickened by automation.

It enables you to expand your firm simply by increasing income on a national or international scale.

Working with ERP software is a completely digital approach that reduces work pressure.

An account management software is helpful for your business in the listed ways

Amendment Accounting Solutions

Accounting software improves accuracy by reducing or eliminating computation errors made by man. Manual accounting involves performing a large number of mathematical calculations by hand. An incorrect calculation early in the process could have a substantial impact on the ultimate balance. While accounting software permit businesses to manage all financial assets without facing an error.

Speedy Completion

Accounting software enables organizations to process accounts more quickly than they could manually. Tech devices, which can analyze data much faster than the human brain, account for a portion of this gained inefficiency.

Businesses can also increase efficiency by automating operations with accounting software. Assume that a company must keep track of all of its transactions for tax purposes. Rather than having a staff member manually calculates the tax, accounting software might be set up to do it for each entry automatically.

Cost Effective

Accounting software’s benefits of speed and efficiency are typically accompanied by lower total costs. Accounting software enables each finance department employee to accomplish more in less time.

As a consequence, the accounting department’s salary and administration costs may be reduced. However, these savings must always be evaluated against the cost of the software as well as any additional hardware necessary to run it.

Error free Reporting

Accounting software enables organizations to provide all of their employees with up-to-date and accurate financial information. Many accounting software includes reporting modules that allow users to create this type of report by filling out a form or pushing a button. While manual reporting would take a long time.

Bother-less Tax Filing

Filing your taxes can be a time-consuming process that necessitates precise documentation of all of your company’s activities. Accounting software benefits include making this process easier by bringing all of your company’s financial data together in one place. Tax return software that connects with accounting software is also available from firms like Intuit and ATX. This allows you to compute your own return in a semi-automated manner rather than wasting time and money manually figuring out the details.

Billing and Invoicing

Invoicing and billing are critical business operations and the primary source of revenue for your company. Managing to invoice on paper is inconvenient, time-consuming, and prone to mistakes. It’s impossible to create actual invoices for each time a client buys from you when you have recurring orders. Without automated tools, tracking bills and reminding consumers of pending payments is very challenging.

List of the top 5 ERP inbuilt accounting software trending in the middle-east:

QuickBooks is a well-known name in the accounting software industry. QuickBooks Enterprise ERP is widely regarded as one of the greatest business management software available. It features a straightforward user interface that is simple to master. Almost all professional accounting firms either employ QuickBooks as part of their accounting software toolkit or are familiar with the file formats, allowing users to transfer data directly to their accounting services. 

ERPNext

ERPNext stands out from the crowd because of its adaptability and ability to integrate with hundreds of common place applications used by millions of people. Using the box, Dropbox, Google Drive, or anything else you can think of, cloud storage is seamless. Its mobile apps are available for iOS, Android, and even Windows Phone, so you’ll never be disconnected from your job. You’ll be able to manage sales, purchase orders, billing, payments, and banking, as well as keep track of estimates, projects, and processes. 

ODOO ERP

Are you tired of chasing your employees to do tasks for your company that an ERP system could complete on its own? Accomplish you have plenty of stand-alone programs that may do the job, but don’t communicate with one another, requiring you to quadruple your efforts in supplying them all with data separately? Issues like these have grown common among our clients, and businesses are eager to find automated solutions in the form of an ERP system in which all operations are fully coordinated. Odoo is currently used by a huge crowd of people which is as equal as 7 million all around the world to develop their businesses dramatically.

eMatrix ERP

eMatrix ERP is a comprehensive business management solution that is critical to any organization’s continued growth and development. The product’s basic and user-friendly nature with complex features is its most outstanding characteristic. It can undoubtedly be operated at all levels of the organization’s operations. Monitoring business activity from different perspectives aids in increasing the company’s profitability and efficiency. Businesses can benefit from this solution, which allows for smooth and effective operations. To put your mind at ease, our eMatrix ERP provides global solutions for bringing everything involved in a firm together and keeping it in order.

Sage ERP

Sage offers a variety of products at various prices that are suitable for small, medium, and developing businesses. The most basic plans are mostly for recording income, expenses, and issuing invoices; but, if your business grows and you need more services, you can upgrade to higher plans that include project management services with a variety of features. Sage is superior for project management than financial bookkeeping, according to experts

Conclusion

For business success, it’s critical to keep accurate records of your financial data at all times. However, in order to keep accurate records, you’ll need a system that overcomes the limitations of ordinary spreadsheets. Where spreadsheets fail, accounting software helps manage your invoicing and payments, which are possibly the most important cogs in the wheel.

SMB Solutions’ accounting software overcomes this problem by using timesheets to track hours worked and convert approved time entries into invoices. Our ERP integrated accounting software also aids in inventory management, bank account reconciliation, and tax compliance. It will also assist you in producing automated reports, drawing inferences from report data, and guiding your organization ahead.

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Accounting Software

Why does your business need to be integrated with Accounting Software?

Are you the owner of a fast-expanding small business enterprise or searching for comprehensive accounting software to assist you to manage all of your financial activities, such as accounts receivables and payables, inventory transactions, and reporting with the press of a button? Then having dependable accounting software is the best option for your company.

When you use accounting software as a business owner, you get a clear picture of what’s going on in terms of the financial aspects of your firm. As a result, you’ll be able to maximize profits, ensure business longevity, maintain smooth cash flow, and save costs while helping your company achieve its objectives. Smart and digitally accessible accounting software helps you in managing all your financial terms from Banking transactions, payroll, overdue tax, and more.

As a small business owner, you must handle numerous things to maintain smooth operations, from monitoring and tracking orders to taking care of revenue, expenses, and managing cash flow. Having the correct accounting software that supports growth while also assisting in the strategic prediction, planning, and control of financial processes has become a critical aspect for any organization to prosper.

To give you a better understanding of accounting software, below is a list of the most important benefits of implementing such a software solution in your company, but first, let’s define accounting software.

What is Accounting Software?

Accounting software is a vital program that allows a company to track money flow for internal and external review and auditing. Through tools such as general ledgers, account payables and receivables, purchase orders, stock management, and billing, it is the key instrument for measuring an organization’s financial health and meeting legal compliance.

By incorporating well-designed and good accounting software into your small business, you gain valuable business insights that aid in the smooth operation of your operations by automating tasks such as generating timely accounting and financial reports, keeping track of banking receipts, and much more.

List out the must-know six significant factors that ensure you why you should opt for accounting software?

Better financial control

maintaining a company’s financial processes is critical to its success. Accounting software allows firms to automatically manage their finances by offering in-depth insights. It aids inventory management, tracking all finance-related transactions, and provides real-time reports that aid business growth by integrating all accounts-related functions into a single suite.

Improves invoice management

Invoicing and billing are two critical aspects that have a direct impact on a company’s cash flow. Powerful accounting software helps you to manage invoices automatically, send timely payment reminders, and much more, all while maintaining the smooth operation of your firm.

Time savvy and cost-effective

Manual account management of course is a time-consuming job that necessitates human participation and might result in errors. Accounting software, on the other hand, can benefit your organization in many ways. Fast-tracking and automating all accounting procedures, saving time and money, improving business accuracy and becoming tax compliant by automatically checking all transactions.

Enhances data accuracy

Accurate data is essential for every organization to maintain a smooth cash flow, and accounting software is one way to do it. Unlike historical tools such as spreadsheets, accounting software facilitates data analysis, which aids in the optimization of processes and the creation of wiser strategies, resulting in better decision-making.
Keep in mind that any inconsistency in financial data can lead to a crisis, and having accounting software in place will help you avoid this.

Cash flow management

One of the most important parts of every small business is cash projection, and the best solution to this is to manage cash flow using accounting software that is a robust process and can help you keep track of your accounts receivables and payables while maintaining a steady cash flow. It delivers real-time insights into pending bills, as well as bill ageing analysis to comprehend long-standing invoices, assisting in payment frequency management and improving the accounts receivables process.

Calculation efficiency

Since small business accounting software performs so many of the calculations for you, your financial data will be more accurate than if you kept old-fashioned pen and paper records, especially if you have many people entering the information.

Enriched inventory management

To guarantee smooth operations, any organization requires optimal inventory management from purchase orders to sales. Advanced accounting software allows you to keep track of stock changes due to purchases or sales, as well as assess if you’re overstocking or under stocking your inventory, resulting in better inventory management.

Advanced and real-time reporting

The most common reports that small businesses must keep are a balance sheet, a cash flow statement, and an income statement. There are, however, a plethora of other reports available to help you assess your financial achievement.
Accounting software comes in handy in this situation. The majority of products offer reporting sections with 30 to 50 financial, tax, payroll, and time tracking reports.

Sum up
Accounting software is essential for thriving in today’s highly competitive corporate world, from handling all accounting-related chores to tracking inventory movement, recording transactions, and generating real-time information. Just make sure you use the best accounting software on the market to help you manage your business activities effectively.
SMB Solutions enables business owners to manage their businesses more efficiently by simplifying all parts of their operations, such as accounting, sales, inventory, and more. You can assure flawless accounting and inventory processes while remaining tax compliant by using our offering accounting software to prevent your business from heavy losses.

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Accounting software

Key Factors to Consider When Choosing Accounting Software for your Business

Every business needs some or the other level of accounting to determine how your business is doing. Thus arises the need for accounting software that can simplify the maths and prove to be a handy solution to get over yesteryear’s paper-pen accounting system.

Accounting software is an excellent tool for businesses as it aids in managing financial tasks and helps examine the actual business performance. Hence, getting accounting software is a smart way to keep track of all the money in and outs.

But how do you purchase software? How do you get an accounting software application to help you survive and flourish in this competitive environment? The market is overwhelmed with numerous alternatives when it comes to purchasing accounting software. But the catch lies in getting a software program that can adhere to all your accounting needs and follows all the basic principles of accounting software to maintain your financial data. So here we pen down a few things that you need to consider while choosing an accounting software application for your business:

Business scope

First things first, business owners should first check out the scope of accounting solutions that they wish for. They need to rest their eyes on the primary task for why they wish to purchase accounting software. Further, the owners should chalk out a checklist of various other functionalities that one may require once their business flourish. May it be seeking assistance for managing payrolls, maintaining the general ledger, managing accounts receivable and payable, tracking inventory, keeping a transaction record, you need to ensure which accounting software can best handle them all together.

Also, you need to know that software that looks perfect today may not be the same after years owing to the evolving business world. Thus, look for a company that offers multiple enhancements for the accounting software and can fix bugs whenever such a need arises.

Functionality

Before you head out to look for accounting software that suits your business at its best, list down the primary functionalities you are looking for. May it be for catering purchase orders, maintaining a record of stock and raw materials, details of finished products, write down everything you need so that you can get software that can adhere to all your basic accounting records. Also, if you have any industry-specific requisites, make sure to list down the same so that you do not miss anything while discussing with the accounting software provider.

Multi-currency functionality

Apart from the general functionalities, if your business witnesses transactions in other currencies, you might require an accounting software that can cater to multi-currency functionality. Such software applications can support home and foreign currency transactions, proving to be a handy affair if you deal with lots of different currencies.

Integration with different business software’s

Changes and transitions are the need of the current hour in today’s business framework. The same applies when you pick on accounting software, as an upgrade can be required at any point in time. There may be a point where you may wish to hike your business efficiency by purchasing other software tools, and the same should seamlessly integrate with your existing accounting software. With that said, in such an evolving business scenario, you should look for software that can open doorways for its integration with other business software.

Scalability

Scalability is another accounting software features to look for. The future is unpredictable indeed, but it is imperative that you get accounting software that can grow with your business. When a business flourishes, there obviously arises a hike in the transaction volume that can raise the requisite for a multi-user accounting software to cater to the high transaction volume. More number of transactions may demand extra functionality of the software. Thus, it is always a better idea to keep an eye on the update and upgrades that you may require in the future to deal with your business expansion in the long run.

Security factor

Data security is a vital parameter to consider when it comes to pondering over the essential features of a good accounting software. Ask the service provider about the storage process of application data and inquire whether they make use of HTTPS connections. Usage of HTTPS protocols makes sure that the data is transferred in an encrypted format that hikes the data security factor and prevents the important details and information from falling into the hands of malicious users and hackers.

Apart from this, being a business owner, you may not like to pass down each and every detail to your employees, right? Thus there should be a provision of limiting the extent of details a user can see while using the accounting software. Also, when you have too many people using the same software, a role-based security parameter may also be an essential feature to look for to restrict the data that one can access based on their job role.

User-friendliness

User-friendliness is one of the basic features of accounting software. Any software marks its success based on how easy and accessible it is and how well the end-user can handle it to meet the business needs. Ranging from end-user applications to technologies to in-house applications, user-friendliness is sought at all places as it renders a helping hand to decide the success of the accounting software. May it be a large-scale business or a small-scale one, you need to search for a system that can cater to the accounting requirement besides providing a user-friendly software solution.

Ease of usage

Needless to say, ease of usage is another requisite of paramount importance. Most of the modern accounting software’s are equipped with an easy to use package, but there are some software’s that are in need of more accounting and are still far away from being easy and are more towards the complicated side. Hence, consider getting a demo and read reviews about the software that you are planning to buy so that you can ensure an easy-to-use accounting software at your desk.

Customer support

Buying accounting software and getting started with the same is not all. There may be times when your software may malfunction, and you may look out for a support team to meet the issues. In such cases, it is always a good idea to look for a company that also fledges you with ab excellent customer support system even after your purchase. Ongoing support and customization offered by the team may help you in great ways to help meet such challenges that may arise all of a sudden.

Conclusion

Buying an accounting software application is not a small decision and may cost you huge. Thus you should never rush with your decision-making and should always consider the above-mentioned points before finalizing a deal.

By alpana j 0 Comments
cloud accounting system

10 Ways Cloud Accounting Software Simplifies Your Workday

Over the last few years, businesses have moved from the traditional method of accounting to the digital one. Gone are the days when working on ledgers and journals used to be a mindboggling task. 

Things have changed drastically due to the emergence of online accounting, coupled with the introduction to accounting software. While the latter made the processing of financial information a lot quicker and effective, it still had a major limitation. It was confined to a specific device. 

This led to the emergence of Cloud Accounting Software emerges as a viable solution to address this problem. 

From adding flexibility to the approach of accounting to easy monitoring of data and offering access to multiple users, here are the ten ways in which a workday has become simple and easy due to cloud accounting software.

Round-the-clock availability

The biggest benefit of employing a cloud accounting system for accounting-related tasks is the availability of services round the clock. From the standpoint of accounting, it means you can access your requisite data anytime and from anywhere. Also, you can use multiple devices for this purpose. You can access your requisite data by just signing in with your login credentials.

The flexibility of performing accounting-related tasks on mobile phones

These days, cloud accounting software for small businesses comes across with compatibility with mobile devices. Because such devices are portable, you can keep working on accounting-related tasks even when you are on the move with a touch of flexibility.

The utilization of real-time data in business operations

With real-time data at your fingertips, you can stay up-to-date with the current accounting-related information of your accounting firm. By employing the best accounting software, you will remain posted with financial reports on a real-time basis. This will save you both time and money. In addition, it will also enable you to make informed business decisions.

Simplified and effective monitoring of business data

Logging in to check business expenses linked with credit cards can be a burden. Recording credit card statements to display the expenses for audits has become the story of yesteryears. Instead, you can take photos of receipts and attach them with your report to claim deductions later by investing in a cloud accounting system.

Access to multiple users

More employees working on a task simultaneously gives better chances of concluding it quickly. For this to happen, you need seamless collaboration. Cloud accounting software for small businesses is equipped with this feature due to which multiple users can work at once on an accounting task.

Swift software updates

Software updates can be both tedious and problematic, essentially because they involve downloads. Cloud Accounting Software makes the process automatic without the need for a program license. Thus, you can both auto-update and auto-backup your data. This process will give you a break from worrying about manual updates.

Effective business decisions based on accurate data analysis

When it comes to making business decisions, a wrong choice can lead to losses worth thousands of dollars. This way, it can put a business organization at risk. As such, making a business decision can be stressful. For this purpose, you need data that is both accurate and reliable. 

You can fully depend on cloud accounting software for small businesses on any day for creating financial forecasting reports based on which you can make informed business decisions.

Implementation of self-made dashboards

To do things quickly on a workday with a tight schedule, you might want requisite information at your fingertips. Most accounting professionals have a heartfelt desire for it.

With a cloud accounting system at your disposal, you can set up as well as manage a dashboard on your own. You can use it to perform several tasks, ranging from the management of due bills to the arrangement of cash flow.

Reduced overheads

By enabling you to conclude tasks related to accounting with fewer team members, cloud accounting software for small businesses can help you reduce the headcount of employees. Fewer staff members mean a lesser financial burden on you to spend on their salaries.

Better collaboration with clients and team members through cloud accounting

Irrespective of the size of the business firm that you run, you would want to keep your focus on your core business goals. To attain them, you would also want to have some time for other tasks other than paying your full attention to small business accounting. 

With secure accounting software on the cloud, you can keep exchanging vital business data related to the finances of your company with your tax preparer or accountant. Other than securing your data, while it flows back and forth, it will also save both your time and hassle.

Final thoughts

From the above, it stands out that cloud accounting software unlocks the potential of cloud technology in accounting-related tasks to make an accountant’s workday simple and easy in many ways. If you haven’t invested in it yet, do it to reap the above benefits and boost your productivity.

 

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Restaurant Industry Trends

Restaurant Industry Trends You Need to Know in 2022

Restaurant businesses have been adversely impacted all across the globe due to the outbreak of the Coronavirus, and the owners have been extremely resilient during these challenging times encountering numerous uncertainties and restrictions. ’Let’s go out and eat’ has become a dialog of the yesteryears with the global pandemic hitting the world. Further, with rules and restrictions being put in place, restaurants are forced to adopt trends that allow them to keep a pulse with the current times.

As a whole, with the businesses thriving to survive, there have been numerous shifts in trends that restaurants have adopted to combat the pandemic’s challenges. But what are the significant changes that you are prone to witness? Here we pen down a few Food service trends 2022 that we may expect in the coming year:

Contactless order and delivery

With the pandemic hitting the world badly, contactless orders and delivery have become the new norm that cafes and restaurants are sure to follow for some more time until such an epidemic comes to an end. Thus, you can expect contactless delivery strategies and concepts to improve with each passing day to offer customer safety.

Ranging right from having a contactless menu card to digital payment methods for touchless transfers, you can expect all such things to take mainstream in the upcoming year. Thus, smart technology methods that can reduce costs for the restaurant, cut down the chances of errors, ensure safety for customers and enhance their experience will surely witness an upscale trend.

Ghost kitchens

Though this may sound a bit scary, in reality, it’s just the opposite and is a safe option for customers. But let’s first discuss what a ghost kitchen is? Ghost kitchens are an upcoming trend that saves restaurant owners from renting huge spaces for their restaurant in the name of dining space. Such kitchens only operate with a space where they can cook with no dining space allowing only pick-ups and deliveries.

It is one of the emerging and biggest trends for the restaurant industry that proves to be a boon for the restaurant owners as it saves on the hefty rents and also cuts down the operational costs by not employing service staff. All they require is a good website or an app to mark their online presence, further allowing the customers to order with ease from their favorite ghost kitchens. This hot trend is continuously rising and is highly popular at places where property leasing is a big task.

Advanced and easy online ordering

With the world going gaga over online ordering and restaurants being vulnerable to sanitary regulations and lockdown restrictions, online ordering is the current Restaurant Trend to look for getting your favorite food and snacks. Thus, you can expect the third-party apps and other direct apps for ordering food to take an upward trend to get their customers treated with their favorite restaurant food at their dining table. Also, you are prone to witness advancement in the online ordering system with integrated platforms.

New tastes and cuisines to be introduced

Staying at home and working from home induces new cravings and yearning to satisfy your taste buds. All thanks to social media and other online apps that have made global food options trending and spread like fire over the internet, making people crave different cuisines.

With that said, there are more and more people who long to try out new varieties of food and menu. With customers seeking more food options, restaurant owners are sure to introduce new meals and snack varieties to meet customer demand.

Delivery robots to replace staff to some extent

Delivery robots have also been trending since the last year owing to the pandemic no-contact delivery restrictions. Thus, you can expect to see fewer staff and more delivery robots in restaurants that operate with a futuristic approach. Also, to handle the increased demand with efficiency taking into account the cost-savior approach, delivery robots will become more prevalent in big cities by the end of 2022.

Vegan cuisines to face a huge rise

With people cutting down on their meat consumption year after year, vegan cuisines need to be given priority to retain customers. Vegan cuisines didn’t have many options a few years back. But with more and more people going vegan and opting for veggies on their plate over meat, vegan diets and cuisines need to be worked on to offer more appealing menu cards. An increase in demand for vegan food has made restaurants think about the veg menu and are expanding their plant-based dishes to relish the foody desires of their customers.

Grab and go and self-service to increase in the upcoming days

These two modes also serve to be a savior for following contactless deliveries. More and more restaurants are adopting pre-decided menus and self-serve counters to cut down the crowd and queues at restaurants. Automation is also taking a hike and giving way for readymade meals that people can just grab, pay, and leave to enjoy their meals at their convenience.

Conclusion

Running a restaurant is not a piece of cakewalk, and with this pandemic claiming lives and making it difficult for the foodies to move around and dine at restaurants, it has become a real tough not to crack.

Ranging from practicing contactless services to automation and a hike in delivery options, there are numerous things that restaurants were forced to adapt to run their business. While no one would like to look back and become habitual of the norms that the pandemic has imposed, we might still have to look up for such Restaurant Industry Trends taking us to a new era that has changed the picture of dining and eating out altogether.

 

 

By alpana j 0 Comments
POS for small businesses

8 Reasons To Implement A Point Of Sale System For Small Businesses

On average, around 56% of retailers who hold a single store still operate with the traditional cash register. This figure sheds light on two important aspects. On one hand, it indicates that the majority of small business organisations still prefer the traditional method. It also reflects that others have already started migrating to the POS system for small business. If you are a small business entrepreneur, you need to choose one of these options. If you intend to grow your business, the modern approach will work wonders for it.

When it comes to implementing point of sale systems for small business, there are many reasons. Here are a few of them.

Reasons why small business organizations must include POS
To begin with, this move can single-handedly streamline the operations of small business organizations. Plus, it also adds value to such organizations in several other ways. These include the following:

1. Cost savings

A POS system acts as cashier software for small businesses. It cuts down the need for hiring additional manpower and leads to cost savings which are essential for small business organisations, especially the ones that operate at a tight budget.

2. Better customer experience

A POS system expedites transactions and at the same time, also ensures that customers get their preferred items at reasonable prices. Both these factors work together to create loyal customers.

3. Efficiency in the control of inventory

Retailers need to maintain adequate inventory without exceeding its limit. This can be tricky, especially without the knowledge of the number of products in their inventory. The excessive stock of items, as well as the lack of it, can cost a retailer dearly.

This is precisely where a POS system can help a retailer exercise better control over their inventory. By giving them a clear picture all the time, it keeps them posted from time to time.

4. Ease of the retrieval of the purchase histories of customers

Your small business venture may not have too many loyal customers. But their purchases can contribute up to two-thirds of your overall business revenue.

By retrieving the purchase history from a POS system through its online retail software for small business, you can create an effective loyalty program. This way, aside from boosting the sales of your business organization to generate more profit, you can also make your customers happy. It would lend you a helping hand in your efforts for customer retention.

5. Improved business intelligence

To keep pace with your competitors in the competitive business world, you might need to make informed business decisions. Access to key business data or information in the hour of need can make a big difference to how you make your business decision.

By choosing the best POS software for small retail business that you run, you can get to know about several details at once. These include the items that sell quickly, the effective marketing campaigns and the duration of time when your store witness the bulk of the activities. Also, you can get to know about the employee data and identify the best performers in your organisation.

6. Integration-based enhanced productivity

Do you run your retail business with the help of a number of tools? If yes, pairing them together with the help of a POS system can help increase both your productivity and efficiency. For best results, look for one of the advanced small business retail POS systems that can work with all your preferred tools and integrate with your workflow.

7. Ultra-personalised marketing campaigns

POS systems provide information about customers to small business organizations which they can use for marketing purposes. Also, small business enterprises can use the information from the POS system for creating loyal programs to increase customer engagement. It also leads to a better sales system for small business.

8. Quick access to business (both online and offline)

For small retail business owners, being able to work on the go is what matters the most. Whether they are travelling or are at home, they cannot keep their mind away from work. While they prefer to access their business data online, sometimes they may also feel the need for being able to access data offline.

This is precisely where a POS system can be of great help to you. With this system at your disposal, you can monitor your business data from anywhere. That is to say, you don’t need to be physically present in your workplace to retrieve business data.

Final thoughts
In view of the current business dynamics, an operational POS with retail software for small business is a winning combination. Do you own a small business and want it to grow and remain relevant in the competitive business world? If yes, a POS system can be a game-changer as well as a valuable asset to you. If you haven’t included it in your business operations yet, consider doing it now to meet the targetted goals of your small business enterprise.

By alpana j 0 Comments
SAP alternatives

Best SAP Alternatives and Competitors 

SAP is one of the best platforms where enterprises use this as resource planning solutions—enabling organizations across various industries to optimize critical business functions like accounting and finance, human capital management and other necessary items. However, SAP is one of the costly tools which every organization cannot afford. Several integration tools are present over SAP which helps developers to build applications easily. With proper integration between SAP applications, the organization can easily manage a business organization. SAP competitors are present over the world who are developing their applications.

Some SAP ERP alternatives are given in the following, which provide functions like SAP:

Oracle Net Suite

Netsuite is another alternative that helps in mission-critical processes. Netsuite helps to provide organization to increase the growth and drive innovation for the organization. It allows combining data with different analytics to generate meaningful business data. In this application, the user will find the facility short the cycle times, engage business users, and enhance the planning process. It helps to streamline business processes, and users can work in their free time. It is one of the top ERP competitors. 

Oracle E-business Suite

With E-business suite which is known as Oracle EBS. It is an integrated set for business applications to have to automate with CRM, ERP, and supply chain management. This application helps to reduce costs of managing time and maintains records as well. It helps to enforce organizational policies easily.

It is an easy way for the employees to submit, view, track time. When any decision is taken in the company, this software will add some better changes to implement in the proper manner. After analyzing labour data then it calculates how many days any work will be completed. It reduces the work of staff and overstaffs.

Coincap

It is configurable with no customization from starting date. It covers all the business process which has been implemented for the past 30 years. As per reports, more than 1700 functions are present in this only for business purposes. Sap ERP competitors are working hard to take the market against him, which seems still difficult—at the same time, choosing and picking out 1700 business functions to reduce the license and recurring cost. With the real-time/ online system, every data is present with online data. It is scalable from 5 to 250 years. Users can check out the history of past financial years.

Microsoft dynamic

It is an ERP and CRM software application that helps to work in every business organization. Microsoft SAP equivalentdynamics applications using reselling partners who offer relevant services. This software allows to development of new database-powered apps. It creates template excels and word files from data to prepare quick reports for the organization. It minimizes data entry which reduces the maximum number of errors. Proper visual data helps create dashboards and charts that are easy to configure in a presentation. This application helps to develop automated data processes with workflows easily.

PROMIS business suite

It enables real-time analysis and helps in decision making. This is much flexible and secure than other applications. It comes in a different version, one for desktop and the other one is for smartphones. Users can run this application over a tablet as well. It allows the user to select the deployment platform which will work best for every organization. It helps to create an environment after eliminating every printing and filing requirement.

ERPNext

In this application, the user will get a real-time view of the cash flow of the person or organization as well. Managing the employee life cycle from onboarding, payroll, attendance, expenses occur, and assets records as well. It will maintain the multi-level bill of materials, production planning, job cards and inventory as well. If there is an increase in productivity and lower costs in managing sales and purchase cycles, it will handle that properly.  It will deliver a better service experience to the customers with the help desk service.

ERPNext comes with features like Cross-compatibility, Social network and messaging service, Production planning tool, Leave and attendance management, Expense claim submission, Employee appraisal, Embedded reporting system, Multi-currency support.

Major advantages of ERPNext includes, APIs are available and can be customized as needed thanks to the user-friendly interface and straightforward modification features. Generally speaking, this is the most cost-effective alternative available.

Mobile devices have a good level of support. The most recent version has an outstanding user interface and functionality, and it is the best yet. Individuals are more receptive because they feel like they are a member of a community when it comes to forums where documentation can be supplemented by other sources of information.

Financial force

With this application, the cloud ERP tool is built for handling the Salesforce platform. These application helps companies to coordinate with the back and front office. Every organization wish to use this application and work accordingly. People consider this as sap business one alternative. With this application, users can work effectively in accounting and finance management. This will always help to work with the customers at the centre of the action with the help of social collaboration. Dashboards reporting features will access the metrics and resources utilization and different dynamic data. It offers applications in human resources management to workforce management, employee engagement, talent acquisitions, reporting, and analytics.

Birst

It is an advanced enterprise that helps with business intelligence and analytics software platform. It helps the organization to understand and optimize the complexity of business processes. With information accessible from any device, the ability to create revenue with data. Birst allows the user to create and learn data management. Visual analysis helps to work with embedding into the application. It also provides information to create revenue from data.

Conclusion 

SAP is one of the best management resources, which helps work along with any business organization’s management team. There is other options available alternate to this application. Since SAP is too costly and handling such a big application requires proper programmers as well. If any organization needs the best alternative to SAP, then the list is provided at the top.

By alpana j 0 Comments
Kitchen Display system

How Kitchen Display Systems Can Transform Restaurant Business?

You are planning to establish a restaurant empire. We have to discuss the proper use of technology of restaurant kitchen order display from ordering food to the payment integration work. It is crucial to consider the frontend and the backend operations in a restaurant. A kitchen order display system is the engineering room of your business. Therefore, it becomes essential to establish a proper communication system to increase the productivity levels in the busy kitchens. It will reduce the mistakes and improve the service quality too.

Why Should You Implement the KDS in Your Restaurant?

The Kitchen Display System is popularly known as KDS. Moreover, it is an online kitchen order system in restaurants. A monitor display system is present in the kitchen area. The POS system software is useful to display all the orders preparation that have been placed on the POS system. It is beneficial to implement the KDS system in your restaurant that acts as a mediator between the customers and the waiting staff serving the order to the customers waiting for their food. It is essential to keep the pos system in the restaurants to allow smooth functioning.

The Benefits of A Restaurant Kitchen Display System

Now, you know why it is essential to implement the kitchen order display system in restaurants. Then, we will discuss the benefits of the kitchen display system software. It will help you to understand in a better way the importance of the KDS POS system.

  • Cost-effective: The requirement is a one-time investment in the kitchen display system. It will work with any LED attached with PC/Laptop or Smart TV Screen. It is cheaper in paper-based KOTs. Therefore, it is an effective initiative for environmental protection and reducing paper use.

 

  • No order missing: The restaurant kitchens are often messy and chaotic. However, the handwritten orders may misplace. It can create confusion in presenting the orders to the customers. The restaurant owners can eliminate the confusion issues with the help of the online kitchen order management system. All the details of the order requirements of the particular customer will be available on the kitchen display system.

 

  • No delay in taking the order from customers: Soon, you enter the restaurant kitchen system; it shows the display of the orders in the kitchen. There is no delay from the restaurant staff side in placing the orders. It reduces the time gap in taking orders and then placing the orders to the customers.

 

  • An integrated system of online ordering: A KDS system automatically sorts the orders and then sends the entire requirement to the chef available in the restaurant kitchen to prepare the meals for the customers. There are multi stations in the restaurant for preparing starters, the main course and the dessert. In that case, the KDS system automatically sends the requirement to the particular section of the kitchen only.

 

  • KDS POS system streamlined the operation in the kitchen: All the orders have been punched directly on the pos kitchen display. Therefore, it improves the communication system between the staff members working in the chaotic environment of the kitchen. This system is a boon in the multi-kitchen restaurant that it is most important to have the proper communication system for coordinating with the team members and dealing with the customers.

 

  • Track the business performance through pos kitchen display system: Integrated Kitchen POS system is useful to track the performance of your business. It helps you to analyze your business and then take some effective actions for improving the business performance. The kitchen Displays System is becoming vital for the effective functioning of the restaurant business.

 

How Kitchen Display Systems Improve Efficiency and Reduce Costs in Restaurants

You are looking for options to reduce costs and improve the productivity of your restaurant. You can consider making a one-time investment in the POS with Kitchen Display System (KDS). It will improve the restaurant efficiency by displaying the order information properly to the backend staff. The KDS systems are becoming extremely popular in modern restaurant structures to give customers prompt and quality services. KDS system is the cloud-based POS technology that works remotely.

The complete information about the customer orders appears on the display system to the backend staff in the restaurant. They do the meal preparation and present it to the customer on time. Therefore, it reduces the issues of delayed orders due to mismanagement and confusion. There is a chaotic situation in the backend area. It is essential to keep a proper system of KDS online to ensure proper services are delivered to the customers.

Online POS with KDS is beneficial to reduce the paper use and cuts the cost. It will conserve and protect the environment, as there is limited paper use in restaurants. There are twin benefits of the KDS system, i.e. cost reduction, environmental protection and improved efficiency.

 

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