Tasos Christidis

In an older post ( http://goo.gl/jXGmOi ) I discussed how web-based or cloud Financial ERP can help you unlock new possibilities for your Business Processes. The basic argument there was that an open system (like a cloud-based system is, by definition) could involve your customers in a specific business process (like sending a Sales Order, posting a comment that needs subsequent action from within your CRM etc.). The reaction I got from a number of readers was that new best practices could be devised and applied in a very important, so to speak, business process which is of everybody’s interest, big or small: that of invoicing the end-customer. We shouldn’t forget that many small and medium enterprises are focusing their I.T. operations on Accounts Receivable, inside which the invoicing cycle represents a significant part. Therefore, in this post I’d like to focus on this specific issue: how can your invoicing change when you’re using a web-based Financial ERP . 

Through this channel I have been talking about the advantages of cloud and SaaS products for a long time. In this post I’d like to focus on a more specific area. An area that contains a large pool of potential customers, who at the same time are still facing basic problems in their journey towards a “computerized enterprise”. That of small business ERP and especially the Financial ERP . By the term “Financial ERP” we define the software that performs the basic functions of book-keeping, sales and purchases, stock keeping customer/vendor order management and perhaps some more like basic workflows and some kind of business intelligence. These are requirements that small and medium-sized businesses are seeking to approach first, or they have already done so with not much success. Also, they are the kind of requirement that start-ups are trying to cover, since they touch the back-bone of the business function.