Wednesday, April 16, 2008

Quickbooks Simple Start 2008 Review

Intuit's QuickBooks Simple Start 2008 is a free accounting package designed for business owners who hold things down with spreadsheets and sticky notes but want a no-risk way to try their hand at using dedicated accounting software.

To reassure intimidated neophytes, the Simple Start interface takes a commonsense "money in, money out" flowchart approach, and it offers straightforward tutorials on basic tasks such as recording deposits. Users who want more functionality can purchase modules that process payroll and credit cards, but the 14 standardized reports (such as income statements and balance sheets) that are included in the basic package should suffice for most users. New for 2008 are the ability to import Excel data and the absence of any restriction on the number of customer and vendor contacts allowed.

Simple Start understandably won't rival packages likePeachtree's accounting appsor thepaid versions of QuickBooks. Simple Start has several limitations: It can't track inventory, it's designed for a single user, it can't download credit card or bank information, and it won't automatically generate 1099 forms. In addition, Simple Start can't export data to Excel, which makes forecasting cumbersome. As a result, this software is probably best for one-person companies that don't sell physical goods--for instance, consultants, freelancers, and other service providers.

A $100 version of Simple Start comes with 250 checks, a year of free online backup, and a training CD. Customers seeking Excel support or other features might consider Microsoft Office Accounting Express 2008 (also free), QuickBooks Pro ($200), or Peachtree First Accounting ($70).

Simple Start provides a great introduction to accounting software, but many businesses will outgrow it quickly. If your accounting needs are basic, it's worth a look. Otherwise, you may be better off investing in an accounting package that offers time-saving features such as electronic data downloads and payroll management.

Source: WashingtonPost

Tuesday, April 15, 2008

SAAS - A viable alternative for SMEs

A recent trend has been the growth of on-line software - also called 'software as a service'. Though popular, these have yet to challenge traditional software that's installed on your hard disk. That might change, as vendors are bridging the gap between the on-line and off-line world.

With complete applications running within a Web browser, the idea is that you'll never need to install software again – you just use it when you need it. Although many on-line applications are quite robust, they don't match up to their off-line counterparts in terms of functionality.

Just compare Google Docs to Microsoft Office. It's functional, with most of the features you need – but the two are poles apart. The same goes for Adobe's new on-line version of Photoshop – in many ways it's more impressive than Google Docs, but it's still no match for the real thing.

Still, it's early days – all of that could change when we see these sites with another few years' development behind them. Of course, many people don't need applications to be as sophisticated as Word, Excel or Photoshop, so with a few more features their on-line counterparts may well be good enough for many people.

But the biggest disadvantage to browser-based software is obvious: you need an Internet connection. OK, we may all have one for 'most of the time' but that's not good enough – you don't want to have to stop work because your ADSL is down or you're in a cafĂ© or on a train (especially with the cost of using wireless hot spots).

The answer, of course, is to have something that does both – works off line and on line with equal aplomb.

That's exactly what companies like Microsoft, Google and Adobe are working on – and their first-generation products now make the idea of on-line software that works off line a reality.

Google's offering is called Google Gears. Gears is essentially an API that can be installed onto Windows, Mac OS and Linux. Once installed, any Gears-enabled Web site can allow users to work – even though they are not connected to the Internet. It's quite a revelation to see this working with Google Docs. You use Google Docs as normal – or launch it using a Google Docs application. If you're off line, then an icon in the browser tells you so – but you can continue to create and edit Google word processing, spreadsheet and presentation documents just as if you were on line. Once you're back in the range of an Internet connection, Google Docs synchronises everything up.

Gears works by using a local server on the host machine (ie, your PC). This is used to cache and serve resources used by the Google Gears applications (such as HTML, JavaScript and images – remember, Gears 'applications' are really Web pages). Gears also uses a database, to store data via the browser when you are off line. Because browsers weren't really designed to run applications, they can struggle with complex applications, Gears uses a 'worker thread pool' to make applications more responsive – by running processes in the background.

Gears works in most modern browsers, including Firefox on Windows, Mac and Linux, and Internet Explorer 6 or above on the PC. Gears also works on some Windows mobile devices. This isn't an exhaustive list – for example, Safari on the Mac is missing, as is Opera – but this list will grow in time. But the potential is there to render the type of host PC you use irrelevant, you could use a PC in the office, a Mac at home and a Linux box – well, just because you can.

It all works very well – although it's not yet fully released software. It's one of Google's 'beta' products and is considered to be a developer-only release. It's also open source – the idea being that this might put a lot of impetus behind the development of Gears applications and drive its success. Being a Google product, it's got that friendly but unpolished, somewhat utilitarian 'Google look', which people either get on with or hate.

Adobe's product is called AIR. Unlike Gears, AIR is a fully released product, but only just. Coming from Adobe, it has far more in the way of polish, design and gloss – indeed, as well as bringing together HTML and JavaScript, AIR can also bring Flash to the party – as well as another Adobe product, Flex, which (also open source) can be used for creating cross-browser XML-based Web applications.

Like Gears, AIR needs a component to be downloaded to the PC first. But, unlike Gears, AIR applications can run on the desktop – even if they are manipulating data on a Web site, while the PC is off line. So, it's not exactly like the Gears model, though it achieves pretty much the same thing.

A great example of an AIR application is the already launched ebay application. This is an application which runs on the desktop, using Web technologies such as HTML, JavaScript, XML and Flash – but can be used off line, to prepare items for when you go on line.

Using the ebay AIR application, you can prepare items for sale on ebay. It's very impressive, and, to be honest, a lot easier and faster to use than ebay itself – which can be very time-consuming to use.

The win for companies like ebay is that an AIR application is far easier and cheaper to develop than a traditional desktop application. Plus, it works on most systems, since it's only really using Web technologies, via the AIR API. The application uses Flex and ebay's current Web services.

The application can also be used for buying items – and has features not found on the ebay Web site itself – for instance, you can drag a series of search results onto your desktop and have it automatically converted into an Excel spreadsheet.

Finally, there's Microsoft. Compared to Google and Adobe's technologies, this is one area where Microsoft seems to be lagging behind. Microsoft does have .NET and Windows Presentation Foundation for creating applications – but these are not cross-platform or open source.

Recently, Microsoft has also released Silverlight, which is not dissimilar to Flash and is also capable of running rich internet applications. However, these share the same limitations as Flash when it's not combined with something like AIR.

Microsoft does have Office Live Workspace – notionally designed to compete with Google Docs. However, it is designed to work alongside Office as a set of services – so you need Office in the first place, rather defeating the idea of not having to install software in the first place.

As an extension to Microsoft Office, though, it's excellent, allowing people to store, share and collaborate with documents on line. You can create workspaces, where you can store documents – which you can then share with other people.

So Microsoft has some of the components for on-line off-line working, providing you have Office – but none that are bound together as successfully as Gears or AIR.

How well this new way of working is going to take off is difficult to say. The technology is both interesting and exciting, but the uptake has been 'strong' rather than 'explosive' so it doesn't yet look set to change the way we use applications. Given time, and the right products, though, it could well do exactly that.


Source: eAcademy

Monday, April 14, 2008

Video Marketing Could be the Way Forward

The latest in the line of marketing tools are the Videos. Video marketing is rapidly becoming a huge online marketing service. Several marketers are appearing everyday who are using videos as a tool to reach out to their clients. Several community websites are now providing options to add in videos in their profile, which is giving the companies a huge platform to reach out to their prospective clients.

Video marketing definitely has a greater potential than other online marketing service like email marketing or banner ads, where you were only capturing your viewer visually. Now here is an option where your viewer can not only see you and your product but can also hear what you are saying. This is a very impressive feature, as it enables to build a more personal relation between you and user.

Experience says that customers always find it better to have an opinion from others on a product before they buy it themselves. And you can provide this opportunity to your clients through the video online marketing services. People are used to seeing visual ads on the television where there is an opinion provided to them by a third party other than the buyer and the seller. And having the opportunity to provide a similar concept on the internet is an added bonus to your business online.

The only skill that is required in order to make good use of videos as your online marketing service is to be able to put across your message to your clients. Use the right speech, right language and the right attitude in order to impress your clients. It is not necessary that your promotional video should be in the form of an advertisement only. You have the liberty to incorporate various ideas and thoughts in your video marketing tool. Things like cartoon images, power point presentation, flash movies, gif images along with a sound track are some of the variations which you can use in your video marketing in order to promote your product and service.

Online Marketing services is a huge concept in itself, an is always welcoming newer and creative ideas. Apart from video marketing, SMS and MMS marketing is the next big thing in internet marketing that are soon going to overshadow all of the current marketing strategies.

Friday, April 11, 2008

Oracle Unveils Strategy for Service-Oriented Security

Today at the RSA Conference 2008, Oracle will outline its vision for Service-Oriented Security.

By decoupling hard-coded security features from enterprise applications to create reusable, standards-based security services and protocols which any application can consume, Service-Oriented Security enables organizations to simplify and centralize several critical security processes including authentication, authorization, user administration, role management, identity virtualization and governance, and entitlement management, as well as audit and control.

Oracle's Service-Oriented Security encompasses four IT processes - development, deployment, administration and governance. To date, the company has delivered key milestones associated with each of these components including:

Development: Identity Governance Framework - a multi-vendor standard proposal, spearheaded by Oracle, that provides a service-oriented, privacy-aware architecture for developers to access identity data while adhering to usage policies. Oracle, in conjunction with the Liberty Alliance, has delivered the first open source component of the proposed standard.

Deployment: General availability of Oracle(r) Role Manager - software, based on a service-enabled architecture that allows organizations to centrally model, define and manage a repository for business roles and relationships, which can then be used to drive role-based access control, provisioning and approvals across business applications.

Administration: Beta release of Oracle Fine Grained Authorization - software designed to externalize hard-coded authorization policies from heterogeneous enterprise applications. The controlled beta preview complements Oracle's comprehensive Identity and Access Management software that helps enable customers to administer the access rights of users as they interact with business applications today.

Governance: General availability of Oracle Application Access Controls Governor 8.0 - latest release of control monitoring software that leverages an externalized Service-Oriented approach to provide segregation of duties analysis and enforcement for heterogeneous enterprise application environments.
Historically, organizations "bolted" security solutions on to their enterprise applications, a strategy that often hindered business agility. With Service-Oriented Security, organizations can now centralize security solutions in a more flexible security architecture.

Thursday, April 10, 2008

Greggs Chooses CODA

Greggs the bakers has signed a contract for financials software from Coda worth £600,000 in the first year.

The software will be used by 100 finance staff looking after 1,350 shops and will consolidate 10 regional systems into a central shared-service accounting model.

The system will also allow Greggs to move from a quarterly reporting cycle to a monthly one, and provide more detailed financial information from each store.

Greggs has also purchased a reporting add-on for asset counting, billing, invoice-matching and business intelligence.

In a statement, Greggs finance systems manager Lee Massingham said: "The chosen application will support both our divisional structure and our requirement to provide increasingly timely, accurate information at shop level. The product will interface to our existing manufacturing and Epos applications helping us to further automate our accounting processes."

The news comes as the company announced the appointment of Sainsbury's retail director as its new chief executive, replacing Sir Michael Darrington.

Source: Silicon

Tuesday, April 8, 2008

Business Help for London Entrepreneurs

London entrepreneurs get 'Business Booster' advice to help their companies grow

London, UK, 8 April 2008 - Small business complacency is harming future growth potential and increasing the chance of business failure across London according to information released today by Business Link in London. With 29 out of 33 London boroughs experiencing a growth in the number of new businesses, only 67% of them are making it to their third birthday, whilst 91% are making it to their first.[1]

Business Link in London hopes the findings will be a wake-up call to businesses that have passed their one-year anniversary, helping them recognise and effectively tackle the growing pains they often face. Companies can find support in Business Link in London's 'Business Booster' initiative, which is designed to help businesses across the capital grow.

Tim Campbell, the successful winner of The Apprentice, who has since gone on to set up his own charity, The Bright Ideas Trust, comments, "If you're running your own business, you will know that everything doesn't always run smoothly. You will experience growing pains, but to face the challenges, you need to think about who can help you plan for the future. No one is an expert in everything. The 'Business Booster' initiative provides access to a range of resources to help business develop into the companies they passionately want to be."

Other key findings announced today highlight[2]:

Trouble spots - Key areas of concern for growing businesses were finance and cash-flow, staff issues and raising business levels through marketing

Churn up - The rate of churn for businesses in London was higher than it was for the rest of the UK

Advice seeker - Only 44% of businesses with less than 49 staff had sourced formal business advice, with Asian and Black businesses less likely to access external help, with only 29% and 27% doing so respectively

Guiding hand – Only 55% believed they needed outside help to develop and grow their business, but 47% thought they needed help across a whole range of business areas, not just one of two

Dining Out - Restaurants were three times more likely to go bust than other businesses, with financial firms most likely to still be going after three years

Andy Berrow, Senior Business Advisor at Business Link comments, " We found that recruitment, marketing and finance were the key problem areas for developing small business. We want to make sure that out of the rising number of businesses starting up in London each year as many as possible are making it to their 6th birthday. In reality only 20% will make it this far. Business owners can't just put their head in the sand when it comes to growing pains. They have to overcome them and the best way to do that is with external advice and support."

The 'Business Booster' campaign sees Business Link in London providing businesses with access to free support and advice to help them boost their business to the next level. Businesses will be able to use the organisation's 'Online Business Review' tool (www.businesslink.gov.uk/london/review) – which offers users a ten-minute reality check of their business online – to see how their business shapes up, along with access to local events, master-classes, fact-sheets, advice and consultancy.

Topics covered will include:

Marketing
Recruiting the right people
Employment law
Finance and funding
Tax and VAT
Sales and negotiating
Moving your business to the next level

Business Link in London also suggests five top tips for businesses to think about when it comes to going forward:

1. Assess current performance – where is your business now
2. Set a vision for growth – where do you want to be
3. Plan to grow – work out how to increase market share, develop new products and take advantage of commercial opportunities
4. Lead staff through the growth – motivate current staff and take on new ones to fuel growth
5. Manage the risks – look at the risk in each of the areas of your business and how to limit it

For further information about growing your business please contact Business Link in London at: www.businesslink.gov.uk/london/booster or call us on 0845 6000 787.

Monday, April 7, 2008

Disaster Recovery Plans Need More Work

New research shows that more than a quarter of UK companies do not have a disaster recovery plan for their IT systems, in spite of 92% claiming that it was an important factor in their IT expenditure.

Findings from the 2008 Information Security Breaches Survey (ISBS) carried out by a consortium led by PricewaterhouseCoopers, go on to show that of those companies that do have plans in place over half fail to test them. Even more puzzling and defeating the objective, 15% of firms do not take their data backups off-site.

Martin Sadler, director of HP's Systems Security Lab at HP Labs Bristol, one of the consortium members responsible for the survey, said, "There's been an explosion of information within businesses. Acquiring, analysing and delivering the right information to people so they can act on it is a major challenge for companies. The volume of data, and companies' dependence on it, pose significant backup challenges for them."

In spite of risk management (see Finance Week's Risk supplement) becoming an ever-more important part of business planning, the survey discovered that 58% of UK businesses would suffer significant disruption if their IT systems were down for a single day.

While only 2% of the companies surveyed said that business continuity in a disaster was not a very important driver of their information security expenditure, there remained doubts about the effectiveness of many of the plans already in place.

Even so, 99% of UK companies back up their critical systems and data, 86% do this at least on a daily basis. Of all UK businesses, 72% have a disaster recovery plan in place, up from 58% two years ago and this rises to 91% of large companies.

Sadler added, "Increasingly, businesses need to back up their data more frequently. One in five large companies now automatically replicates transaction data to an off-site location as those transactions occur. Companies of all sizes are now using storage area networks to organise their data better."

On the negative side, when companies suffered a systems failure or data corruption incident, 31% had no contingency plan in place and a further 10% found their contingency plan to be ineffective.

The south-west has now overtaken London as the region with the most disaster recovery plans in place (possibly as a result of last year's floods), but fewer of these plans are tested than in other regions.

The survey was done on behalf of the Department for Business, Enterprise & Regulatory Reform (BERR).

Source: FinanceWeek