Accounting ERP software is a business management system that integrates the main accounting processes (including general ledger, accounts payable, accounts receivable, and financial reporting) with operational modules such as inventory, payroll and customer relationship management. It makes the financial processes lean, the data accurate, and a single source of truth about all the business transactions.
An ideal accounting ERP will fit your company size, industry and operational requirements and also be scalable and locally compliant. SowaanERP is unique in Qatar because of its VAT compliant capabilities, easy-to-use interface and its ability to combine accounting with inventory, payroll, and customer relationship management. It assists both SMEs and large enterprises in the efficient control of finances as well as well-informed decisions.
Examples of ERP software are SowaanERP, SAP Business One, Oracle NetSuite, Microsoft Dynamics 365, and Odoo. These platforms contain various modules which combine both finance, operations, supply chain, and customer management within one system enabling businesses to operate in a more efficient way.
Accounting software like ERP enhances the finances of the business by automating the simple functions, eliminating manual mistakes, and giving up to date financial forecasts. It improves cash flow management, provides compliance with the tax regulations, and provides accurate forecasting tools. It allows better decision-making, controlling costs and long-term profitability by combining financial data with other business processes.