Selecting Accounting Software for your business in Qatar

Present business age, nobody can think of doing business with out using computers. Not only computers, you should have a proper business accounting software to manage your business efficiently. Especially Qatar market is growing rapidly and people looking latest technologies to compete others by improving the business performance in all areas. One of the main concern is to automate your business transactions, say, using a good accounting software. You can see lot of offering from various companies with different look and feel.

Accounting software can not only help you reduce human errors in your calculations, but it can help you gain insights into your business that you couldn't see in paper form such as generating sales forecasts for the next quarter, determining which items are overstocked, and pinpointing your least profitable service.

Finding the best accounting software program for your business can be a challenge, with an explosion of shrink-wrapped software products and online application offerings. In order to choose a business accounting software program, you need to understand some business accounting basics, take a good look at your business and its accounting needs, and assess the products available today. Finding a good one is not easy task, you have to check some factors relate to it and take a decision. Understand your business needs and choose a business accounting software that best suits your business. 

You have to study your primary requirements first. What modules and features you need in the system. Decide first whether basic needs enough or you require in detailed. The major another thing, you should have budget. Budget should balance with your requirement as you can’t expect a full feature one with very less budget.

Before selecting a vendor for your software product, you should consider the following matters to have a right decision based on that: 

1.    The size of your business

2.    Modules and features that you required

3.    Financial resources like budget for software & hardware

4.    Company environment and staffs to adapt the changes with software

5.    Ease of use

6.    Vendor availability and reputation

7.    Post implementation support

All above factors are equal important, other wise, the software may not 100% success in any enterprise. So study first to select a right vendor for a right implementation plan and get continuous guidance whenever required. 

Strategic technologies for 2011

If you are interested in technology, I am sure you heard about ‘Gartner’, the world’s leading IT research and Advisory Company, delivers the technology related insight necessary for corporations, government agencies, to business leaders and professional firms.

On end of last year, Gartner published the report, that top 10 technologies and trends for most organizations in 2011.  David Cearley, vice president at Gartner said: companies should factor these top 10 technologies in their strategic planning process by asking key questions and making deliberate decisions about them during the next 2 years.

The top 10 strategic technologies for 2011 include:

1.    Cloud Computing. Cloud computing services exist along a spectrum from open public to closed private. Vendors will offer packaged private cloud implementations that deliver the vendor's public cloud service technologies and methodologies in a form that can be implemented inside the consumer's enterprise.

2.    Mobile Applications and Media Tablets. Mobile devices are becoming computers in their own right, with an astounding amount of processing ability and bandwidth.

3.    Social Communications and Collaboration.  Social media can be divided into: (1) Social networking —MySpace, Facebook, LinkedIn and Friendster (2) Social collaboration —wikis, blogs, instant messaging, collaborative office, and crowd sourcing (3)Social publishing —YouTube and flickr (4) Social feedback -YouTube, flickr, Digg, Del.icio.us, and Amazon.

4.    Video.  Technology trends in digital photography, consumer electronics, the web, social software, unified communications, digital and Internet-based television and mobile computing are all reaching critical tipping points that bring video into the mainstream.

5.    Next Generation Analytics. Increasing compute capabilities of computers including mobile devices along with improving connectivity are enabling a shift in how businesses support operational decisions. It is becoming possible to run simulations or models to predict the future outcome, rather than to simply provide backward looking data about past interactions, and to do these predictions in real-time to support each individual business action.

6.    Social Analytics. Social analytics describes the process of measuring, analyzing and interpreting the results of interactions and associations among people, topics and ideas.

7.    Context-Aware Computing. Context-aware computing centers on the concept of using information about an end user or object’s environment, activities connections and preferences to improve the quality of interaction with that end user. The end user may be a customer, business partner or employee.

8.    Storage Class Memory. Gartner sees huge use of flash memory in consumer devices, entertainment equipment and other embedded IT systems. It also offers a new layer of the storage hierarchy in servers and client computers that has key advantages — space, heat, performance and ruggedness among them.  

9.    Ubiquitous Computing.  The work of Mark Weiser and other researchers at Xerox's PARC paints a picture of the coming third wave of computing where computers are invisibly embedded into the world. As computers proliferate and as everyday objects are given the ability to communicate with RFID tags and their successors, networks will approach and surpass the scale that can be managed in traditional centralized ways.

10. Fabric-Based Infrastructure and Computers.  A fabric-based computer is a modular form of computing where a system can be aggregated from separate building-block modules connected over a fabric or switched backplane.

Read more http://www.gartner.com/it/page.jsp?id=1454221