Chartered accountants are the backbone of any company; they are the people who help the management to make decisions and steer the course. Chartered accountants assist businesses with bookkeeping and financial management. CAs, whether employed by a company or working on their own, provide strategies for achieving a company’s financial goals and objectives.

CAs are the people who work on data, generate reports, analyze information, comply with taxes and rules and regulations of government authorities.

If we look at the typical day spent by CA we can see that they have lots of work to do especially with the input of Data, Data Processing, etc. Today we are going to show 7 tools to help CA professionals perform tasks faster and save more time and ensure efficiency with minimum possible errors.

Whether you are a seasoned accountant practicing accountancy or studying to be one. This blog will surely help you to be better at day-to-day tasks.

Key responsibilities of Chartered Accountant professionals

• Designing and controlling an efficient budgetary system
• Determine the best way to utilize business capital
• Install and manage the cost accounting system
• Monitor financial performance and status of the organization and cultivate methods for effective delegation of fund and budget
• Advising the Board of Directors on international taxation joint ventures, foreign cooperation, and double taxation agreements
• Prepare feasibility studies on expansion schemes and new projects by the organization
• Act as a registrar in matters about the transfer of shares and other securities

As seen above, their work requires maximum precision and minimum chance of error as the data is susceptible. To deal with all the work mentioned above, some tools or software are necessary which can assist them in the best possible way. They need to choose the tools wisely as per the nature of business and to suit their requirements.

Let’s look at the tools that can assist Accountants to ease their tasks and help them grow

1. Tally

Tally is accounting software that is widely used in India. Getting a good grip on it will be very beneficial to CA Professionals.

It is used for several things, Including fundamental accounting duties, payroll administration, Inventory management, cash inflows and outflows, tax filling, balance sheet preparation, profit and loss statement management, Budget management, and synchronization.

• Invoice creation with single/ multiple items, multiple tax types, and currencies
• Connection with various Microsoft applications
• Provides comprehensive solution focused on accounting principles, inventory, and data integrity
  Supports multiple users
• ERP9 can easily be used in conjunction with the Internet, enabling global financial reports to be produced.
• Users can start recording transactions and creating invoices within minutes of installation
• One-stop solution for compliance

2. TallyWiz

We all have seen and are aware of the fact that Tally is the most popular accounting software due to its simple approach. One particular point is still there which can be taken care of for better efficiency.

Data entry is still a crucial part that takes lots of human productive time and still, CAs need to do it manually.

This is where TallyWiz could be used and suggested. TallyWiz can Extract data from Excel, PDF, or “Scanned PDF”, and directly pushes it into Tally.

Below mentioned are major features of TallyWiz

• Data extraction ( Excel, PDF, or Scanned PDF)
• Data Input into Tally automatically
• Make changes once data is extracted and before pushing into Tally
• Store data into relevant ledgers of tally automatically
• Select bulk entries and push into Tally in a single click ( Useful for Bank statement entries )
• Entry of Payment against specific invoices directly through bank entry
• Cloud Access

3. Genius

Genius is a complete Office Automation solution to help CA, CS, Finance & Tax industries.

It’s a complete set of 6 modules mentioned below.

• GEN BAL
• GEN IT
• GEN CMA
• GEN FORM MANAGER
• GEN E-TDS
• GEN E-AIR ( Annual Information Report )

A complete database of clients are maintained, including their address book and phone directory, partner information, and signatory details. Billing is included with the. Backup, Restore, and Password Settings are among the additional features provided.

4. MS Excel

Microsoft Excel Spreadsheet is a necessary tool to be learned by all CA professionals.

Excel is designed for Data recording and analysis. It can process numbers/ numerical data. This could be proved as the best tool that can ease the day-to-day tasks as under.

• Data entry, Storage and Verification
• Calculations and automatic validation using formulas or rules
• Data Analysis & Interpretation
• Reporting & Visualization
• Automating routine tasks

5. ClearTax

ClearTax is one of India’s leading Tax and financial service software platforms.

It is simple to use provided step-by-step guidance to avoid confusion.

They offer 4 different options containing specific features to choose from to suit your business needs mentioned as under.

◘ Enterprise

• ClearE-Invoicing
• ClearGST
• ClearE-WayBil
• ClearMaxITCl

◘ Tax Experts

• ClearGST
• ClearTaxCloud
• ClearTDS
• ClearPro (App)

◘ SME

• ClearGST
• Clear App
• ClearOne: Invoicing for Small Businesses<>
   – Create & Share Professional invoices on the go.
   – Reduce Billing Time to Under 30 Seconds.

◘ Individuals

• File ITR
• ClearInvest
• Clear Services
• Black ( App )

The major feature of ClearTax is to serve in day-to-day operations of E-invoicing, GST & ITR. This platform could be useful for anyone running an Enterprise or Serving clients with Tax related services.

ClearTax is completely online software that eliminates the use of paper and visiting places or necessary for certain needs of stationery like papers.

Hence users can use it from anywhere anytime.

6. Google Workspace

Google Workspace has the potential to be a game-changing system that can help in ways that no one can imagine It includes all the apps which are being used in one or another way by individuals. This could play a major role as it is cloud-based, gets updates in real-time and more than one person can work simultaneously on the same documents from anywhere with internet connectivity. In recent times due to pandemic while many workers are working from home using tools like Google workspace could help both the employees and employers. Some of the applications available on Google Workspace are as follows.

• Making Data Entry into Google Sheets
• Writing or making notes/letters in Google Docs
• Making Presentations or analysis reports in Google Slides
• Creating a virtual conference room in Google Meet
• Chatting with employees via google chat inside an organization
• Sharing all the final work directly via Shared google Drive.

The major benefit of adapting Google Workspace is it removes the need for continuous data transfer via e-mails between the other department’s employees. The chances of data getting lost are zero as everything is stored on remote servers. Users can have all the data ready on any computer having an active internet connection. Hence, It makes this tool the best solution to solve many problems, especially while working from home with limited I.T. infrastructure.

The post 6 Tools Every CA / Tax Firms Should Use at Work From Home for Accounting appeared first on Coruscate Solutions.

Recording Transactions can help ease the process of bookkeeping. In contrast, most accounting software would provide a basic need that any entrepreneur is looking for when adopting technology for their business.

How can one use Automation Technology in Tally?

Let’s ask ourselves why Tally is Most Successful Accounting Software?

Tally has covered almost 90% of the MSME market in India, and all small to medium business owners use Tally as their primary accounting software.

Below mentioned are a few of the major benefits of using Tally:

• Simple
• Flexible
• Reliable
• Ease to use
• Widely used platform, so getting a well-trained accountant for Tally will be easy.
• Saves time compared to keeping to Khatavahi ( Hard copy accounting )

However, time is evolving and so do the needs and necessities of the businesses.

Tally is proven accounting software. But accounting firms need to deploy several manpower and resources to enter the data into Tally. Still, there are some issues to look at when we talk about pushing data into Tally manually.

What are the challenges when it comes to using Manual Data Entry into Tally?

• Data Inaccuracy

Pushing data into Tally all day could be a tiresome process that can lead to errors.

Human errors can’t be ignored at all.

• Inefficient

Manually an employee needs to spend hours depending on the amount of data that needs to be captured. Even after spending hours, no one can assure that data is 100 % Error-free.

• Time Consuming

Pushing data into Tally is undoubtedly a time-consuming process where dedicated people with resources are needed.

• Costly

Costly as it may cost you productive labor hours that could have been used in some other more productive task.

Only a few clicks are needed to push data into Tally using an Automation tool like TallyWiz

Manually, companies/ firms have to deploy human and technological resources. Spending hours of productive time with humans over this unessential task can be easily avoided. It is people or teams that have to spend all day pushing data.

Usually, a skilled accountant or Data entry operator takes approximately 30 to 40 seconds to punch one entry into Tally.

Even after hiring a dedicated person and using necessary resources, one can’t assure 100% Error-free entries, and firms have to spend additional time rechecking the entries or keeping errors as minimal as possible.

What are the features of TallyWiz?

1) Making ledger entries automatically

In less than a minute, transfer data from

• PDF to Tally
• Excel to Tally
• Scanned PDF Copy to Tally

It can read and insert data entries into the relevant ledger automatically. You will only need to select the relevant ledger once, and data will be pushed into Tally within seconds.

For example: Imagine having a single client’s bank statement with 2000 entries. An individual can take up to one and a half days to finish this task. But what in the case of having 200 clients and all of them having statements or any other sale-purchase transaction having more than 2000 entries. TallyWiz can push all the data into Tally almost 10 times faster than humans.

The machine learning technology of TallyWiz can fetch data from Excel, PDF, or even Scanned PDF and it can push all the data into Tally within seconds.

2) Sale, Purchase Entries into Tally

All accountants across any industry do the identical task of entering sale or purchase invoices manually. Be it received via hard copy or even system-generated soft copy. This increases the amount of time consumed for data entry into Tally and affects efficiency.

However, tools like TallyWiz can perform this task within seconds.

Bills can be directly added into Tally using TallyWiz. All forms of excel are accepted thanks to the auto formation learning feature of TallyWiz.

3) Client Access

In light of the recent events, we made sure to have Remote access to have access Data cloud storage from anywhere. The staff can travel anywhere with TallyWiz while remaining connected for work, or they can create a shared folder with their clients to easily access data so that the work can be done seamlessly without a pause.

As the famous proverb says, “Change is the only constant” humans have to learn and adapt to the changes to take the best advantage of technology to increase efficiency and productivity.

What is a far better tool than TallyWiz, which might assist in day-to-day life’s most time-consuming, error-prone tasks like Data Entry into Tally?

Why do we recommend TallyWiz to Tally Users?

• Create entries in the Tally software automatically
• Capable of completing the week’s data entries in a matter of hours
• 100 % Accuracy (Win over human errors)
• Cloud Access
• Cost-Saving
• Effort-Saving
• Time-Saving

When a company begins to expand, many factors contribute to its success, one of which is the team behind it and the technology. The more brilliant teamwork is, the easier it is for the company to grow.

However, would this be possible with outdated and time-consuming software?

Here’s the same thing we’re approaching with TallyWiz. Give it a try and take a survey of your team who use and who don’t. The result will be in front of your eyes.

Visit TallyWiz.co for more information.

The post Tally Automation Software for Tally Users appeared first on Coruscate Solutions.

The before pandemic numbers for people working from home was around 7Mn. This means 3.4% of the total U.S. population had been working from anywhere before the pandemic.

With the pandemic, we saw more offices adopting this approach. It is now considered to be the new normal for the companies.

If you look at job portals, there is a massive increase in the number of remote working positions. The pandemic has led to more remote opportunities as well.

One of the reasons for adopting this would be attributed to the increase in productivity levels. Yes, companies have observed a 35-40% increase in employee efficiency with remote working.

However, remote working is hardly capable if you don’t have the right tools and methodologies on-board. Online video conferencing has made reduced geographical barriers and streamlined communication. This was the next big thing for a while, with companies shifting towards producing their versions, thus closing the gaps. Each API promised to be better than the previous version.

With the cut-throat competition, it has become important for the companies offering this solution to incorporate the trends that would make it big in 2021.

Here, we will take a look at online video conferencing trends 2021 that you have to add to your solution.

#1 Evolution of the Tech Landscape

We have created the base structure for video conferencing. However, you don’t have the same experience online as you would offline. It is time to make meetings effective by offering seamlessness and bridging the gaps in the conversations happening online.

This year would see an exponential evolution in the technology being adopted to make the conferencing grand. There would be an incorporation of current tech trends to improve communication abilities.

Artificial Intelligence and Machine Learning will dominate the technology. AI will help improve object detection, improve room lighting, and track everything in the room. In case users are using the automatic camera panning, the AI will take over smart camera controls and follow everyone. As a result, what used to cause distractions in the meetings, will be wholly eliminated with this technology.

Machine Learning, on the other hand, will ensure that the speaker is active. It will mitigate the disruptions, which cause issues in online conversations. Gaining insights from the meetings and better focus are results you achieve from this tech evolution. It also helps improve engagement and transcribe audio, which can enhance meeting agendas in the future.

#2 Enhanced Meeting Productivity

We hear strong statements from the community suggesting that people who don’t adopt video conferencing shortly will be left behind in the competition. The new features that you should incorporate in your video conferencing API include transcription, video-clipping, and file-sharing/screen sharing capabilities.

When you conduct in-person meetings, you are spending time and money on travel and documentation. What can be arranged in a click does not require in-person presence!

Eventually, when you enable exclusive standards into your video conferencing solutions, you are improving productivity. People can transcribe the meetings and share what occurred with the team with a click. There goes the need to build minutes of the session (MoM). Secondly, when you can share the screen, you don’t need to prepare separate documents. You save a lot of time and energy that is spent in creating.

When your meetings become brainstorming sessions, it calls for better participation and inclusion. As a result, you will notice an increase in employee engagement levels.

#3 Better Security & Privacy

When you are creating tools for the future, you should also emphasize security and privacy within the organization. It will be adopted by the industries such as healthcare and law, where privacy plays a pivotal role.

You will need to include technologies such as secure real-time transport protocol to protect your data. It is essential to encrypt the data. Add firewalls, session border controllers, and multiple authentication levels to your video conferencing app.

Apart from this, you will need to add fraud analytics and monitoring systems. You will need to integrate the hardware and software to produce high-quality output and enhance security.

#4 Cloud Domination Continues

It is important to note that the cloud platform will continue to dominate the space of online video conferencing solutions. It induces flexibility and accessibility, which is predominant to the companies that have planned remote working.

You can even scale your online video conferencing solutions with cloud solutions, as it becomes easy and effective. When you are on the cloud, you are progressive, and it impacts your productivity too.

When you have a solution, you also need to update or maintain it regularly. Cloud takes care of your hosting while you can automate most parts of the solution.

It also impacts the engagement and effectiveness of the meeting software.

Conclusion

What do you think of these tech trends? They are massive, aren’t they! It is said that within the next couple of years, video and AI will help companies scale and make it bigger in the market. Whether you want to stand out amidst competition or just ensure increased productivity, you will need to incorporate current tech trends.

ZujoNow is equipped with translating your AI plus online video conferencing needs to enhance business efficiency. Our video conferencing API can be easily integrated into your business app, thus allowing business users to stay accessible and mobile. We help bring in agility to your business.

You can customize our APIs to meet your unique requirements. If you are still unsure of how we can help you or, what our API does, connect with our team. We would love to walk you through this technology. It could be an impressive alternative for all your current app solutions.

The post What Next for Online Video Conferencing in 2021? appeared first on Coruscate Solutions.

• Why you need video conferencing technology?

• The challenges of developing API from the scratch

• Top tips for integrating existing API to your mobile app.

The pandemic hit the world when several companies were contemplating remote work, but nobody was prepared. While several mobile apps did offer ways to conference, there was no particular technology that could pave the way for seamless conversations.

This led to the rise of video conferencing technology. Businesses got creative with their outcomes. As a result, various APIs and SDKs were developed that could help boost the business conversations.

Need for Video Conferencing

• When you go remote with your business, you need the ease of collaboration. For years, companies have worked by having face-to-face meetings. The video technology will enable these conversations online.

• While there are ready-to-use solutions available in the market, they cannot be customized or even designed to suit your particular needs. An SDK would allow you to source the features that you need for your business

• It has made collaboration winning, thus leading to better productivity. As you save a lot of travel time, you can make up by enhancing your businesses. The meetings are easy and efficient too.

• You can connect with people across borders, which has led to acquiring suppliers and working with companies that offer affordable goods and services. The geographical barriers for operations have weakened.

Building a video conferencing technology SDK from the ground up can be quite a tedious task. If technology is not your forte, you may not even be able to do justice to the creation. Here are a few challenges that you are likely to face with building new technology.

Struggles of Creating New Technology

If you plan to develop a online video conference technology for your business, we suggest you don’t. Here are a few challenges that we believe will consume your productive hours.

• Delayed Launch

When you create something from the beginning, you invest time in detailing the coding, building the app layout, and even designing the solution. You need to look at the user and create a solution that matches their requirements. Apart from being a pro at coding, you also need to conduct thorough testing to remove all the bugs. If you are not a technology-based company or, you have outsourced it to someone, chances are you will experience a delay getting the solution ready. Eventually, it will impact your app’s launch and its success rate.

• Expensive Solution

When you develop an application or a figment of the solution at your quarter, you are also investing in resources and infrastructure. This cost will be included in your overhead. If you don’t get the complexities right in the first go, you will be spending days working on it. The cost of development will go beyond the budget that you had set aside. If you integrate an existing API, you will save on the cost of developing the ground-up solution.

• The Rising Complexities

When you begin creating a solution from scratch, you will also observe a rise in the complexities. As you will own the infrastructure and the application, you will notice that the requirements will evolve with time. You have to manage the operations as well as your core without deviating from the solution.

You will also observe difficulties while implementing the solution.

Integrating an existing video conferencing API is way more comfortable. You can incorporate the solution into your current mobile app, personalize the app, and get started.

How ZujoNow Benefits your Business?

• You don’t have to invest in a separate development process for the online video conference API. We have already created the solution, which you can integrate. As a result, you will save a lot of your money. You can spend it on your core app and improve its offering

• Video conferencing technology requires a lot of security. One of the primary reasons is that you will be sharing screens, company data, and conversing on important aspects through this technology. You don’t want to leak vital information about your company online. We have created a highly compliant and defined solution that has incorporated all security protocols. We ensure that the solution doesn’t cause any security issues.

• We are always working on improving the technology. We incorporate the latest technology trends and business solutions that make it more usable for the end-users

With our SDK, you can easily set up your video conferencing base, which will ensure your startup stays on despite the pandemic and remote working structure.

Step-by-step Guide to Integrate the SDK

Step#1 Getting Started

It would help if you had the SDK authentication from the website. Signup to get this key, which is a secret and placed on the dashboard

Once you have the key, you can add it to the HTML file and start using this SDK on your mobile app.

<script src=”https://sdk.zujonow.com/zujo-sdk-2.0.0.min.js”></script>

Step#2 Access Token Generation

Once you have included the key to your HTML file, it is time to integrate the file. It would help if you had an access token to get started. You can generate using the API key and secret.

const jwt = require(“jsonwebtoken”);
const options = { expiresIn: “10m”, algorithm: “HS256” };
const payload = {
apikey: apikey,
permissions: [“allow_join”, “allow_mod”], // also accepts “ask_join”
};
const token = jwt.sign(payload, secret, options);

You will get three permissions to add to the token- allow_join, ask_join, and allow_mod.

You should add these features to the authorization header, as it is applicable for all the calls. It would help if you used them with the ZujoSDK.config method.

Step#3 Create Meeting

Once a client has entered the SDK and initiated the client-SDK collaboration, they can set up a meeting. They can use the authorization token to create a new session or validate joining the existing sessions.

const options = {
method: “POST”,
headers: {
Authorization: “your jwt token goes here”,
},
};
fetch(“https://call.zujonow.com:4443/api/meetings”, options)
.then((response) => response.json())
.then((result) => console.log(result)) // result will contain meetingId
.catch((error) => console.log(“error”, error));

Once the first client enters the meeting room through the authentication key, they can validate the other users to the room.

const options = {
method: “POST”,
headers: {
Authorization: “your jwt token goes here”,
},
};
// returns status code 400 if ID is invalid
fetch(`https://call.zujonow.com:4443/api/meetings/${meetingId}`, options)
.then((response) => response.text())
.then((result) => console.log(result))
.catch((error) => console.log(“error”, error));

Step#4 Initialize the Meeting

The meeting is initialized when the right meeting room is enabled using the meeting ID authorized. You can enable/disable the webcam and the audio for the meeting. Lastly, add the participants to the discussion and authenticate their entry.

const meeting = ZujoSDK.initMeeting({
meetingId, // required
name, // required
micEnabled, // optional, default: true
webcamEnabled, // optional, default: true
maxResolution, // optional, default: “hd”
});

You will have to accept the entry request for the different users added as participants in the meeting. You will have to keep an eye out for the people joining and leaving the meeting.

meeting.on(“entry-requested”, (participantId, name) => {
setEntryRequests([…entryRequestsRef.current, { id: participantId, name }]);
// you can open a dialog to respond with
// decision “allowed” or “denied” with the following method
meeting.respondEntry(participantId, decision);
});
meeting.on(“entry-responded”, (participantId, decision) => {
// decision parameter will be: “allowed” or “denied”
setEntryRequests(
entryRequestsRef.current.filter((r) => r.id !== participantId)
);
});

Conclusion

Video conferencing has become an essential technology in the current times. It facilitates remote working without hiccups that are caused by faceless conversations. However, creating technology from the ground-up can be quite tedious. Several SDKs are available in the market to integrate into your mobile app and improve the features.

Choosing the right API can be difficult. ZujoNow offers the best-in-class features and ensures smooth integration. We also improve personalization aspects, thus giving you apps that are in sync with your requirements. To know more about integration with ZujoNow, connect with our experts.

The post A Complete Guide to Video Conferencing Technology for your Business appeared first on Coruscate Solutions.

1) When should an organization plan to move its ERP to the cloud? You can read strategic reasons in the blog.

2) What are the benefits of moving to the cloud? And read the opportunities!

3) What is the process of migrating to the cloud?

4) How do you choose the cloud-based ERP?

5) Why don’t some companies move to the cloud? What are the apprehensions?

6) Challenges with moving to the cloud

7) How to choose the company to help with moving to the cloud?

The Pandemic has led businesses to reevaluate their choices. 

From identifying new opportunities to creating new strategies for better business growth, there is a lot to consider at this point. 

To survive the changing times, the companies need to transform their business lines and think about change. Agility and easy scalability happen to be the biggest obstacles for businesses, especially with remote working being the core plan. 

Housing an ERP solution has become imminent, as it helps streamline processes and safeguard your systems. However, having an on-premise conventional ERP system means you are still rooted in the same place. 

It is time to shift to the Cloud to make it mobile and accessible. It will also help improve efficiency. 

We will discuss the strategic reasons behind the shift and the benefits associated as part of this guide. 

Reasons to Move to the Cloud

#1 Boosts Enterprise-level Visibility

As the critical decision-maker, you should stay alert at all times. Whether it is the shop-floor level or the top-management level, you should know how things are proceeding. 

If you are a nation-wide company or someone operating across the globe, you need to have your eyes spread wide. 

It is not possible with traditional systems. However, when you move to the Cloud, you can match your footsteps with your footprints. 

You can gauge what’s happening where with a single dashboard. This visibility allows you to make decisions in real-time and improve enterprise-level insights. 

With growing complexity in the businesses and supply chain distribution taking center stage, this visibility helps phenomenally. 

#2 Increases Business Agility

When you are a large business with complex processes, your response rate can go down. You don’t stay in the know-how regarding the business landscape and the changes happening therein. 

Despite the massive transformation, your business remains unmoved because of the conventional systems.

When you move to the Cloud, you will know precisely what is happening in real-time. The accessibility of the systems, even on-the-go allows you to respond faster. You can reply to changing business scenarios flexibly. If you need to adapt new financial or supply chain systems, it will be more feasible. 

You can identify new business requirements and transform the systems accordingly.

#3 Integrates all Processes Seamlessly

Disconnected conventional ERP solutions can make planning and forecasting difficult. With the Pandemic, this has become a challenging issue.

However, if all the processes such as finance & operations and planning are integrated, the data stays within the system. 

It becomes easier to access data from across the years without interrupting the existing processes. 

Apart from that, the data is not placed on a vast and complicated spreadsheet. You will get your numbers as you want and just the information that you want. 

Accuracy, modeling, and even simple insight building have been made easy with this integration. Cloud has not only resolved your decision-making difficulties but also promises to be efficient and insightful towards forecasting. 

#4 Use Efficient Systems

When operating in the Cloud, it becomes easy to integrate 3rd party systems with your ERP data. When you work with conventional data systems, you need to perform manual analysis. 

However, the cloud-based ERP solution drives system analysis that is automatic and accurate. 

You don’t need to work on the data to analyze it; you get the research and build insights for successful forecasting. 

Benefits of Moving to the Cloud

• It is cost-effective: You invest in the pay-as-you-use model. Hence, your costs substantially lower down if you are not using most of the add-ons. You don’t invest in any infrastructure. The overhead cost is zero.

• It allows easy accessibility: With remote working being the norm of the year, cloud ERP solutions will enable you to access the process data anytime, anywhere. You can download your sales figures, know where your field agents are, and other details while on-the-go. It makes up for easy analysis and quicker decisions.

• It comes with low maintenance: With traditional systems, you had to manage all the core and complex tasks and maintain the designs. However, that is not true of cloud ERP solutions. As a result, your IT team is free to handle core tasks, which require a lot of time. The Cloud will manage and maintain your processes with ease.

• It offers disaster recovery: If your traditional system breaks down, it takes down all the data backup too. Unless you’re backing up the data, the system will lose a lot of current data. However, Cloud ensures that you don’t have to backup data regularly. It does it for you automatically. There is a robust backup solution that comes with every cloud-based ERP solution. 

Challenges of Moving to the Cloud

There are undoubtedly evident and unavoidable challenges associated with moving to the Cloud.

1) Lack of experts or people who can help with moving to the Cloud

2) IT team can facilitate proper governance or regulations to use during the move to the Cloud. The inefficient control/regulations can lead to issues during the move.

3) Security concerns regarding the Cloud can be challenging. If there is no planning revolving around the security issues, your move to the Cloud can lead to hackers and cybercriminals.

4) Scaling while matching the performance needs poses to be a challenge for the companies. How will you ensure that your company does not hinder the performance during expansion in the Cloud?

Conclusion

The move to the cloud will facilitate a real-time view of your business processes. With the insights available in real-time, you can immediately make critical decisions and respond to emergencies with better information. As a result, you will take the necessary steps to keep up with the current business scenario and adapt to changing business requirements. It helps you improve your business and enhance your processes to better the customer experience and employee engagement.

The post Why Move Your ERP to the Cloud? appeared first on Coruscate Solutions.

By this time, you have one question lingering on your mind. 

What made it all possible?

A solid combination of ERP and CRM took care of all the business components leading to organization success. ERP implementation has led to business process improvement in the case of 95% of the businesses globally. 

For large companies—revenue over $1 billion—the cost of owning an ERP system is 2-3% of their annual revenue. 

Microsoft Dynamics 365 is one such aspiring product that combines both ERP and CRM. As a result, you don’t need to choose two different products to fulfill these tasks. 

Let’s get to know the concepts of ERP and CRM. It will help us know Microsoft Dynamics 365 better.

Introducing ERP and CRM

ERP and CRM are two different products that help solve a variety of problems that businesses face regularly. You can enhance business productivity, ensure growth, and increase profits with the right products.

What is ERP?

Enterprise Resource Planning (ERP) helps businesses integrate, manage and monitor crucial business functions. The solution helps streamline organization growth, improve planning abilities, and optimize future resources. 

The business functions such as finance, operations, sales, marketing, and human resources, which impact the growth potential, are streamlined using this product. Everyone using the system will have an idea of the spending, the overheads, the resource costs, the projects allocated, and the sales for the quarter. It helps management make real-time, shop-floor decisions. 

What is CRM?

Customer Relationship Management is the product that helps manage the interactions with the customer and streamlines all the customer-facing aspects, including sales, marketing, and customer service. 

It helps organizations improve their sales and augment customer experiences. You get a better insight into how the customer interacts with your brand and what they truly need. As a result, you can offer apt services promptly. 

How ERP & CRM Can Help?

They are both products that efficiently streamline the different functions of the businesses. Here are a few benefits of investing in these products for your organization. 

Better Customer Experiences: As you have defined plans for your business, and the strategies are monitored and measured across the enterprise, it becomes easier to comprehend customer interactions. As a result, you can evolve your customer experiences and nurture your customer towards conversions. Customer Relationship Management is the product that helps manage the interactions with the customer and streamlines all the customer-facing aspects, including sales, marketing, and customer service. 

Cost-Efficient Solutions: You can monitor what causes maximum expenditure for your business. Optimizing overhead and resource costs through better planning and management can efficiently run your business. Savings can play a critical role in maximizing profits.

Better Resource Allocation: You are already aware of how you are using the resource and what you need to improve. This will help you identify if you need an additional resource or not. It also helps with optimal resource allocation. Eventually, it helps in augmenting resource abilities and enhancing business growth. 

Improved Customer Journey: You know the customer journey and gain better control & visibility over it. It helps define better touchpoints and nurture them better. Eventually, it helps improve the conversion rate for the business. 

Microsoft Dynamics 365: An Introduction

Microsoft Dynamics 365 is a set of applications ranging from ERP to CRM, fulfilling all your business requirements in one place. It thrives on fulfilling your business needs and improving overall productivity. You get to share all the customer-related data in one place, ensure data reaches related departments without friction, and enable the translation of data into efficient insights. 

This product’s ultimate aim is smooth collaboration, improved prediction, and data-driven decision making. 

All organizations, irrespective of their size, can use the Dynamics 365 software solution. Using this solution, you can accelerate your business using a proactive approach. 

You won’t need to invest in two separate ERP and CRM products. That’s why it is the best-fit for enterprises with a small budget and big aspirations. 

It is a flexible and highly extensible product, making it easy-to-use and highly intuitive.

Whether you have an immediate growth plan or are ready to scale, Microsoft Dynamics 365 products are best for your enterprise.  

The Core Platform Capabilities

The defined capabilities of the solution ensure they are able to further your business. We will discuss the aspects of business it impacts and how. 

#1 Sales

You can win more conversions and improve your performance with the 365 solutions. You can ably create a funnel that is personalized to your business. Accordingly, you will get a view into the customers joining and moving out of the funnel.

• Gives you a complete picture of the audience and how they connect

• Lets you onto the deals that are worth pitching for

• Helps identify leads that can be converted into customers

• Removes the customers that are not potential leads or identifiable customers

• Helps you build campaigns according to your business requirements

• Prepares you for better negotiations and deal closures

It helps build a stronger relationship with your customer, identifying their needs, and completing them with your sales-worthy performance. 

#2 Marketing

Marketing is the foundation of your business growth. You need to govern over your campaigns and identify the platforms that work best for your requirements. With Dynamics 365, you are in for a treat. 

• You can identify the channels the customers connect with best and how to improve the experiences through your efforts

• Makes your campaigns more relatable for the cluster that you are targeting

• With ease, you can provide data that belongs to the sales and other teams, thus ensuring frictionless and smooth customer journeys

• You can define interactions according to the customer needs and enable growth. 

#3 Service

When you are a service-driven organization, you must challenge your company’s core. You should deliver on your promises and engage with them for the quality you aspire. 

• Helps improve engagement through the various channels for your customers

• Enhances the field agents’ abilities by providing them with the know-how on-the-go

• Increased accessibility and personalized solutions for the field agents

• Seamless experiences across channels

#4 Finance

Streamlining your finance processes is vital from an operational and revenue management perspective. The key is to identify a workflow and system that can help you engage the data better and improve decision-making capabilities.

• You have greater visibility into the financial condition of your company, thus allowing you better ability to drive growth

• With real-time data accessibility, you can define growth and productivity your way

• The solution caters to AI-driven insights, which allows you better forecasting capabilities. You can build your model to drive growth.

#5 Operations

You can create a workflow that enables better operations and improves business efficiency. 

• Greater control on the supply chain and distribution aspects, which promotes better decisions

• You will know which resource is impacting your overheads and how to optimize it better

• You can roll out projects faster as a result of your increased operational capabilities. You have defined flows and milestones, which enriches your abilities.

#6 Commerce

Retail is no longer offline. It is an integrated approach, and you need to cater to the integrated customer’s needs. 

• Seamless experiences online as well as offline channels. Growth induced operations for better engagement

• Employing tactics that enrich the customer’s experience and lead to better growth channels

• Improving loyalty through defined methods and mechanisms

#7 HR 

This is a highlighted part of the engagement, where you need to team to manage your resource goal and optimize their requirements. 

• Identify and plan HR programs that are aligned with your goals. Define solutions that help them perform better

• Know the payrolls and gain insights into their attendance at a go

• Performance analysis with ease. Gain insights that help you nurture your resources better

Core Enterprise Features 

The features core to this solution makes it business-worthy. These features not only enhance the organization’s visibility but also improve its data capabilities. 

1) Increased Mobility: You will observe an increase in the product’s mobile capability. You can easily use features such as calendars, timelines, and video players on your mobile devices. With the new-age colors and defined layouts, you can access content with ease. Mobility has also led to on-to-go tracking, editing, and creating of workflows for better productivity.

2) Sitemap Designer: Sitemaps create the blueprint for the design and improve your search engine response. The new edition has rolled out an easy to use drag-n-drop model that you can use to create sitemaps for your apps. If you are rolling out multiple applications, you can create an individual sitemap for each of them.

3) Relevance Search: Identify the exact content using the intelligent search engine developed by Microsoft Dynamics 365. You can easily use the key phrases or identifiable words to gather the precise search. Personalized queries or refined questions are also allowed.

4) Better Integration: You can now easily integrate Dynamics 365 with other Microsoft products. The ease of integration allows for improved blending and efficiently manages your customer relationships. Business intelligence derives maximum capabilities as a result.

5) Visual Process Designer: The visual processes can be designed using easy drag-n-drop modules. You can create business workflows and rules for the business operations using Dynamics 365. It will help you gain a visual insight into how your business operates.

Best Practices for Implementation

When implementing Microsoft Dynamics 365, you must adopt the best practices. It will help induce the perfect ingredients for the execution of the product. 

#1 Call for Experts

Having experts working on your project can accelerate your implementation time. They identify the delay grounds better and know what project milestones to provide. You will receive maximum support from the experts. They have experience performing the same course of actions that help implement the product successfully for an enterprise your size. They can justify their plans and activities too. 

#2 Customize then Integrate

It is easier to customize the product. If you have specific applications that need to be personalized for your requirements, you can easily integrate them into your existing products. Try, as it may not be possible for all the processes in your organization. When you have all the data and migration work done initially, implementing the solution becomes more comfortable. You can adjust integration to the new personalization needs expressed by the answer. 

#3 Cross-functional Collaboration

Some teams and processes are aligned with each other. They will be dependent, and implementation requires the consultants to collaborate. It is always easier to plan such collaborations and ensure a blueprint is defined for all the performances. You will reduce the time taken by the resources involved due to defined plans and optimal resource utilization. The elimination of redundant meetings and the use of multiple resources leads to many savings in terms of cost and efforts. 

#4 Align Business & Implementation Timelines

Businesses should align the business needs and implement the Microsoft Dynamics 365 product to meet the requirements posed by your organization. If it is the year-end and plan to deploy the new solution, then it happens to be a perfect time. When the new financial year begins, you will get started with the latest software management solution. You will need to plan your implementation and execution accordingly to go live at the said duration. 

When it comes to implementation, you also need to consider the business dynamics, the design & plan, and finally, the user adoption. 

The Pricing Guide

When you purchase Microsoft Dynamics 365, you need to be sure of the pricing. It helps you know if the solution meets your budget requirements. 

Two factors help consider the right solution that meets all your needs.

1) The Plan: Of the several plans available, few meet all the variables that you have considered necessary for your business. It includes functionality, personalization, and the individual solution you need. 

2) Number of Users: How many people from your company will be using the solution simultaneously. It would be best if you thought through this to capture the right solution for your business. 

Conclusion

Woah! We just completed a guided tour into Microsoft Dynamics 365. As we can see, this tour completely introduced you to all aspects that you need to know about the product. 

It is a one-stop-shop solution for all your business needs. Whether you require an ERP-CRM integrated solution or, you want a separate app for all your collaborative needs, this product fulfills it all. It is built into the cloud. As a result, you opt for high security and always accessible solutions. 

Incorporating the best practices mentioned in this guide can help you avoid the hassles that go into implementing a new product. It also helps tune your solution to the business requirements. 

Now that you know what this solution can do and how effective it is for your business, we open the podium for questions. If you want to consult an expert to get a know-how of the product, connect with us over email or phone. We also assure free product demo and need-based solutions.

So, what’s stopping you. 

Get in touch to scale your business smoothly. 

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