Following the movement control order announced by Prime Minister Tan Sri Muhyiddin Yassin on 16 March 2020 at 10 pm, Pro B Centre will be operating in line with the precautionary measures taken by the government.
This means that we will be closing our premises from 18-31 March 2020. However, this does not mean that our company will be closed as our ProB team will continue working from home to provide uninterrupted accounting and payroll outsourcing services to you.
Due to the COVID-19 situation, uncertainties will have serious impact on SMEs, hence the need to find stability and the right technology to facilitate a flexible working environment. As such, we will continue to introduce cloud solutions to our clients.
By embracing digitalisation of the accounting process, business owners can access their financial information online in a secure manner. anytime, anywhere. Thanks to massive technology improvements in cloud accounting software, businesses can now have “live” financial information to make financial decisions.
Digitalization is the transition process of your accounting, reporting documents and storage from a traditional paper-based system to an electronic format.
REMOTE WORK SETUP vs CLOUD-BASED SETUP
THE BENEFITS FOR BUSINESSES EMBRACING DIGITALISATION OF THEIR ACCOUNTING INCLUDE:
1. Reduce process time and errors;
2. Aid cash flow
3. Improves transparency on income
To achieve this, businesses need to implement the right technology and changes on procedure to enjoy the benefits.
FOLLOWING ARE POPULAR SOLUTIONS THAT WOULD MEET THE NEEDS OF BUSINESS OPERATIONS AND REAP THE BENEFITS OF DIGITALISATION:
1. Integration of information and sharing within numerous system; i.e. integration between Financial system, CRM; Inventory system, HR system, or Point-of-sales System, etc.
2. Electronic storage of accounting ledger and documents
3. Automation of accounting entry
4. E-Invoicing
5. Cloud base solutions
SUBSCRIBERS OF XERO WOULD ENJOY THE FOLLOWING BENEFITS:
1. Connectivity
Users could access live financial information from anywhere, anytime as the solution is built in the cloud.
2. Data Security
Financial information is the most important information for businesses. As such, Xero has built the best in class data protection.
3. Capital investment
Businesses using Xero do not need to invest in a server to as there would be nothing to install. Run your business as usual and access your accounts from your Mac, PC, tablet or phone, with automatic updates.
4. E-Invoicing
Improve cashflow and get paid quickly and easily when you send online invoices. You’ll have a better connection with your customers and will be notified when they’ve opened your invoice. Get paid easier with Invoice Reminders that automatically prompts customers when an invoice is overdue.
5. Online document storage
Users can attach files to any transaction and store them in Xero with unlimited file storage. This makes your job so much easier for compliance purposes and could eliminate the need to keep files and shoeboxes of all those important receipts/statements/bills.
6. Bank feeds
Most banks send bank feeds on a daily basis as such bank balances in Xero will be as accurate as your actual bank balance.
7. Real-time insights
Business owners can obtain their latest updated financial information from Xero. You can view and share interactive reports and budgets in real time, all prepared with a single click.
8. Integration with other solutions
There are over 700 add on solution that are integrated with Xero,
9. User access
Xero subscribers could set up unlimited users to access information in their organisation.
In summary, digitalization helps business leaders make better decisions and improve business performance. It will also be their competitive advantage against their competitors.
YOU INVEST YOUR RESOURCES ON YOUR EXPERTISE.
WE ASSIST YOU WITH YOUR BACKEND OPERATIONS.
