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Posted: June 4th, 2022
Aligning Solutions to Business Needs
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Aligning Solutions to Business Needs
IT solution denotes to a set of software tools program that is marketed as a sole system. A solution for business software is a scheduled and synchronized technique that meets its needs. As such, the solution enhances the feasibility and productivity of a company’s operations. In this case, Calibri needs several software solutions to meet its growing needs.
Software solutions
The fact that Calibri has experienced rapid growth also means that the retailer’s accounting and financial functions have grown as well. Therefore, there is the need to adopt some software solutions to enhance the efficiency of the company. One of the recommended software solutions is Zoho Books. This is an online accounting software that makes it possible for a business to manage its financials, and banking, computerize purchasing and sales workflows, track time and even create reports (Chaudhry, 2017). Zoho Books also comprises of accounting capabilities like creating journal entries, accrual accounting, and good control over the chart of accounts. Moreover, the software solution helps the business to create profit and loss statements as well as balance sheets so as to monitor the business’ financial health. Zoho Books is quite cheap as its pricing starts at 9 dollars per month. There is no free version of the software, but a free trial is offered. Zoho Books are associated with several advantages which include automation of bank feeds (gets rid of data entry, making it possible to import all credit card and bank transactions), sending and tracking invoices, good integration (businesses are able to expand the functionality from their own platform), automation of workflows, saving of time, and the solution is inexpensive (Chaudhry, 2017). The main drawback of Zoho Books is that it has no payroll features and no payroll integrations, either (Chaudhry, 2017).
The other recommended software solution is Xero. This is accounting software that supports accounts payable, journal entries, expense tracking, management of fixed assets, bank reconciliation, and offers more than 55 customizable reports (Mantovani, 2018). Other features of the software include tracking of time, budgeting, project management, inventory, class tracking etc. Xero provides 3 pricing plans that range between 9 dollars and 60 dollars monthly. Some of the advantages of Xero is that it is easy to use, is affordable, provides automated daily bank feeds, and can easily be accessed from anywhere, anytime (Mantovani, 2018). The drawbacks of Xero are poor customer support, and the solution is slow especially with high numbers of transactions.
Improving customer relationship management represents the greatest opportunity to contribute to the company’s ongoing success. As such, there is the need for a solution that aids the business to manage communications with its present and potential clients. In this regard, the recommended solution is known as HubSpot CRM. This solution is utilized in organizations to manage lead flow, deals, marketing efforts and support tickets. As such, HubSpot offers tools for social media marketing, customer support, management of content, and web analytics (Wisner, Tan & Leong, 2018). In addition, HubSpot integrates with Google Calendar, Google Drive, Windows Outlook, Gmail, and Apple Mail. The cost of HubSpot CRM is between $50 and $120/user per month. This solution has several benefits; it is easy to use, and is automated (Wisner, Tan & Leong, 2018). The main drawbacks of HubSpot CRM are that it lacks customization and reporting is hard to use.
References
Chaudhry, K. (2017). Zoho books made easy: Zoho makes Gst accounting easy. Createspace Independent Publishing Platform.
Mantovani, B. (2018). Xero in easy steps: Making business accounting simple. In Easy Steps.
Wisner, J. D., Tan, K., & Leong, G. K. (2018). Principles of supply chain management: A balanced approach. Cengage Learning.
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