ERP System Myanmar Vs Accounting Software
ERP System Myanmar and Accounting Software Comparison in Myanmar.
What is ERP?
ERP System is a fully integrated end-to-end solution that covers all features of the business. Most businesses start out with basic accounting software functionality when the company is young and transactions number is low. ERP System Myanmar will always include the same functionality as accounting software, plus other tools such as
- Inventory Tracking (Inventory Management Software)
- Ecommerce
- Barcode Scanning
- Customer Relationship Management
- Warehouse Management Software and more
Nevertheless, as the business grows and the need for additional functionality arises, it will come time to start looking at an ERP Software. ERP can add advanced functional modules such as landing cost, billing approval, Consolidated Reports, HR Software.
Disadvantage of ERP: EPR System is costly and ERP Consultants are very expensive especially for Small and Medium Enterprises. The system can be difficult to use.
What is Accounting Software?
Most Accounting Software generally only provides functionality for accounting such as:
- Accounts Receivable
- Accounts Payable
- Bank Management
- Financial Reporting (e.g., Trial Balance, Profit and Loss Statement, Cash Flow, Balance Sheet)
- Revenue and Expense Recording and Tracking
Nowadays, Accounting Software is more advanced and offer features that can be found in ERP. It can be integrated with Inventory, POS, Customer Relationship Management, Ecommerce and HR Software. Some advanced Accounting Software can also generate Consolidated Reports of different branches, projects and cost centers. Therefore, businesses can use ERP’s features with low cost if they can choose right Accounting Software vendor. The system can be easy to use.
What is QNE Software?
QNE Software provide different business software solutions package for Small to Large enterprises. For example: Small enterprise can choose QNE’s Special Edition Package if require only simple Accounting functions such as Journals, Account Receivable, Account Payable and Financial Reports,. Large Enterprise can choose QNE’s Enterprise Package if require Inventory Management, Consolidated Reports and Manufacturing Module (BOM). Moreover, businesses can select additional modules such as Landing Cost, Billing Approval, Ecommerce and Payroll & HR Software like ERP Software. Moreover, QNE Software’s API can also be integrated to other business software solutions such as POS, Ecommerce and so on.
QNE Software is partner of Microsoft who offers Cloud Accounting Software which can help the people work anytime, anywhere. Therefore, business managers can know real-time data from all branches. All offered by QNE in partnership with Microsoft Azure Cloud, accessing unlimited cloud storage anytime and anywhere and having data secured. If you would like to read more about Microsoft Azure Cloud secure, please see the brief here.
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