impact

THE IMPACT OF ACCOUNTING SOFTWAREON BUSINESS PERFORMANCE

2022/10/03

WHAT IS BUSINESS PERFORMANCE?

Business performance includes expenses, schedules, quality, and profitability. KPIs measure a company’s performance. In this synthesis, accounting software’s impact on business performance is analyzed.

Management style, customer relationship management, service quality, incentive compensation schemes, and employee motivation all affect a company’s business performance.


Accounting Software Leads to Business Performance

Management can arrange financial records and provide a logical framework for decision-making by using a good accounting tool. The organization’s ability to maintain and track current financial information on company activities is crucial.

The function of information generation also involves conveying, reporting, and evaluating information. It supports both the transactional and informational processing outputs.

EasyFIS Logo

Easy FIS gives you a highly-accurate and real-time view of your financial statements.

Sign-up for a FREE EasyFIS Accounting System now!
EasyFIS Logo

Easy FIS gives you a highly-accurate and real-time view of your financial statements.

Sign-up for a FREE EasyFIS Accounting System now!


Unique Strengths of the Software-Based AIS

Whether manual or automated, accounting information systems collect and process data from transactions and events, organize it into meaningful reports, and convey the results to decision-makers.

One of the strengths of accounting software is the forecasting and budgeting support features.


Speed, Accuracy and Reliability

Features are emphasized – and these are: speed, accuracy and reliability, and with good corporate governance practices leading to good firm performance.

  • Speed is vital in customer service because customers do not like to wait – and this applies to customer account inquiries and reconciliation concerns.
  • Accuracy means customer satisfaction in the service to customers.
  • Consistency and reliable customer service, at the same time reliable marketing strategies with information provided from the software system – means quality in customer management and builds strong relationship.
EasyFIS Logo

Easy FIS gives you a highly-accurate and real-time view of your financial statements.

Sign-up for a FREE EasyFIS Accounting System now!
EasyFIS Logo

Easy FIS gives you a highly-accurate and real-time view of your financial statements.

Sign-up for a FREE EasyFIS Accounting System now!

Easy Series

EasyFIS Logo

EasyFIS is a Software-as-a-service (SAAS) sales, inventory and Accounting system designed for Micro, Small and Medium (MSME) Enterprises.

If you want to manage your business in real-time and in a WFH Work from Home Setup, EasyFIS can provide a turn-key solution to your most common business problems to effectively monitor your sales, checking your LIVE inventory stock quantity and most importantly the status of your business’ financial health.

On top of that EasyFIS is CAS (Computerized Accounting System) compliant ready for government taxation in the Philippines.

EasyHR Logo

EasyHR is a Software-as-a-service (SAAS) web application that helps to manage your Payroll and Human Resource Tasks easily and effectively.

Whether you are handling less than ten (10) employees or up to more than ten thousand (10,000) employees, EasyHR can do the job for you and saves you a lot of time in computing your Payroll and managing your Employee 201 Records anytime and anywhere.

But not only that, EasyHR further has an Employee Portal that allows your employees to access it online and check their own Payslips, Overtime, Leaves and Time Records. It saves a lot of time and money in printing these Payslips and paper wastage.

EasyPOS Logo

EasyPOS is a standalone Sales and Inventory system designed for businesses with Physical Stores and does not necessarily need an Internet or cloud solution.

The software is very easy to use yet already fully loaded with the necessary daily functions in running a store.

It already has a complete Sales and Inventory system with Item components.

Barcode and Touchscreen Interface that can be used for both groceries and restaurant setup respectively. Plus it is already BIR Accredited to legally issue Sales Invoice (SI) and Official Receipts (OR).

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