Siopa Online

How are your KPI's ?

Small businesses are working at a competitive disadvantage. Large organisations have connected systems and Management Accountants to drive performance and identify opportunities. They use Key Performance Indicators (KPIs) for "at a glance" summaries of what drives their business. Without these, the small business is effectively cuffed and blindfolded.

These  large organisations are supported by the big technology companies like Oracle, Sun, IBM who have high support costs, it is not viable for them to support 95% of the businesses in Ireland who are classified as small businesses. The technology required to manage information this way is expensive to buy and support if you need to do it all in-house.

Now these small companies can have access to this technology by doing their business on-line. The technology is owned and managed by their service provider and shared by thousands of businesses at a fraction of the cost.  What's more, because the service is hosted for them through an Accountancy Practice, they benefit from that corporate management accounting experience to customise their solution and provide on-going real-time business support. 

1.       Existing desktop accounting is quite a different business to OnLine.  Desktop accounting is RETROSPECTIVE – BACK OFFICE ONLY.   Its DISCONNECTED.  When you move on to an Online accounting platform – it becomes the centre of a small business. One such feature is a to link your system to your bank account for daily upload of transactions. This process is available now but will be enhanced when the full private network EDI exchange with all the major European banks is completed before year end. These electronic connections were previously beyond the reach of many businesses.  For the future, there are lots of new add-ons planned which will integrate seamlessly with the system and add more and more functionality helping small businesses deliver in a way that will save more money for them. The combination of latest the connected technology and know-how available through this service gives the small business the tools to grow and be more profitable. What's more they can have this from any location via the internet or iPhone.

Mobile Business needs to interact with the business systems when away from the desk. Quote from Suzann Schley ACMA "Business Productivity is improved when users can interact with key business systems whilst away from their desk, our timing in bringing such a product to market could not be better"

Schley Accounting an Irish Accounting Practice has partnered with Xero the established SaS provider to give small business an advantage previously only available to large companies with dedicated IT and accounts departments.

Innovative Modern Businesses want to work with advisers who understand the requirements of a dynamic entrepreneurial business. These Businesses need their support network to be available 24 hours a day and information accessable from any location. Information is key and is expected to be "real-time" reflecting what is happening now. This service offers all of this via an Interface which is modern and fast and meets the needs of todays business.