Getting accurate and up-to-date financial reports can be complex for small businesses, but it doesn't have to be. Cloud-based reporting solutions offer small and large businesses a way to get timely snapshots of information, such as revenue or expenses year-on-year; top customers, products, salespeople; and more.
This helps them to react faster and smarter to opportunities, threats, and trends in their businesses. Cloud-based reporting solutions are accessible, easy to use, and don't require the support of an in-house IT department. Because they are online, SME managers and owners can simply login from wherever they are, access their information, and start working.
As long as they have an internet connection, they can access reports online, from anywhere, at any time, and from any device. There are Cloud solutions that are available for a low-cost, monthly subscription, and give small business owners access to customised reports to help them make more informed business decisions. One of the advantages of being able to connect to the cloud is mobility. The future is mobile and applications allow to control a business from the palm of your hand.
"Up until now, many small business owners have relied on manual reporting methods, such as exporting, consolidating, cutting, and pasting accounting system data into Microsoft Excel spreadsheets," says Steven Cohen, Head of Sage One International (Africa, Australia, Middle East, Asia and Brazil). "Now, solutions such as Sage Accounting Intelligence Reporting Cloud give you easy access to ready-to-use reports for immediate insight into your business."
Whether it’s keeping track of who owes them money, what their best and worst selling items are, how their sales reps are doing in comparison to each other, or keeping their teams abreast of business goals and achievements; Intelligence Reporting helps small businesses keep their finger on the pulse by providing them with reports that mean something to their businesses.
Intelligence Reporting is a tool within Sage One that offers small business owners ready-to-use reports which they can run and use as is or edit to suit their business needs. It also enables them to easily create reports from scratch and enjoy full control in customising reports within Excel®.
Charles Teversham, Managing Director at Sage Intelligence, the company behind the Sage Intelligence software, recommends that small business owners look for the following capabilities from a cloud-based reporting solution:
Ideally, the solution should offer ready-to-use reports that are already formatted for you. To run a report, all you should need to do is select the information you want to report on. Look for an offering that covers basic reports, such as profit and loss, statement of assets and liabilities, monthly and yearly sales trends, and sales by customer.
Most small businesses depend heavily on Excel for reporting. A good cloud-based reporting platform will leverage this familiar interface, but automate the process of drawing data that is pulled directly out of the accounting package, and into prebuilt reports. It should present the data in visual and interactive graphs and charts to provide insight into business trends.
With a cloud reporting platform, it should be easy to tweak reports to the needs of the business. You should be able to easily customise a ready-to-use report, or create one from scratch using Excel and Intelligence Reporting tools.
Teversham says: "Cloud-based reporting solutions save you time by automating reporting and ensuring you have access to the latest reports wherever you are. You can view your reports from a mobile device when you're on the road, and you can make decisions with the confidence that you are acting on accurate and up-to-date information."
Sage One Invoicing gives business builders the freedom to run their company anywhere, anytime. Johannesburg, SOUTH AFRICA – 18 May 2017 – Sage, the market and technology leader for integrated accounting, payroll & HR and payment systems, recently announced that Sage One Invoicing is now available in South Africa. This entry-level version of Sage One Accounting for very small businesses makes it easy for sole traders, self-employed consultants and other micro-business owners to produce professional quotes and invoices.
Sage One Invoicing enables business owners to quote and invoice on-the-go from their PC or mobile device, as long as they have access to an Internet connection, from only R1200 a year or R125 a month.
It also provides real-time reports and dashboards so they can monitor the outcome of their quotes, track due and overdue invoices, monitor gross profits and identify popular and fast-selling items. Providing a secure view of their finances on-the-go so they are ready to respond to business opportunities anytime, anywhere.
Says Anton van Heerden, Managing Director and Executive Vice-President, Africa & Middle East at Sage: “Our vision at Sage is to move businesses of all sizes to a world of invisible admin by 2020 so they can focus on growth rather than red-tape. With Sage One Invoicing, we’re making it easy and affordable for owners of even the smallest businesses to record their business transactions. They don’t need any accounting software training or financial experience to use our solution.
“It takes seconds to generate a quote while the business owner is sitting with a client, or to send an invoice once the job is finished. We also make it simple to track unpaid invoices and to see how business is doing. Business builders can save hours of paperwork each month, so they don’t spend their weekends compiling invoices, issuing quotes or doing reconciliation.”
When a business outgrows Sage One Invoicing, it can easily upgrade to Sage One Accounting — the complete Sage solution for small businesses that require more accounting, cash flow management and business insights.
For more information, please visit https://www.sageone.co.za/sage-one-invoicing/.