Australian Business News and Times

Business News ,Reports and Times of Australia

2012

Small Business

by Leave a Comment

You can choose to set up a customised bookkeeping system manually using accounting books cds , electronically via spreadsheets and cloud  or use simple  accounting software

Here is a list of Accounting software for Small businesses  to be compliant with ATO accounting methods according to ato website.

accounting software reviews australia

There are many software packages on the market that allow small business  to successfully control accounts and records without an accounting qualification.

Below accounting software is intended to be developed , keeping in mind the ato accounting guidelines.

accounting software australia calculator

Building and construction industry

As part of the 2011-12 Federal Budget, the government announced the introduction of taxable payments reporting for businesses in the building and construction industry.

The Taxable payments annual report will be required to be submitted by those businesses in the building and construction industry that have paid contractors for building and construction services

From 1 July 2012, businesses in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year. You need to report these payments to us on the Taxable payments annual report.

A list of those developers who have registered their intent supporting the new Taxable payments annual report in their products for the 2012-13 financial year below

Small business accounting software

Accentis Enterprise

Web Address
http://www.accentis.com.au

Description

Accentis Enterprise is a fully-integrated accounting, business management and manufacturing system (ERP/MRP) suitable for businesses having between 2 and 100+ users. Designed for small to medium-sized businesses who have outgrown their off-the-shelf system, Accentis Enterprise is fully designed, manufactured and supported in Australia and has been tailored to suit Australian business who need an affordable, feature-rich and flexible business management solution.

All modules are designed as part of Accentis Enterprise, not third-party add-ons, and include:

– General ledger & financials
– Customers, receivables and Customer Relationship management (CRM)
– Suppliers, payables and Supply Chain Management (SCM)
– Inventory management & warehousing
– Job costing
– Manufacturing (kitting, BOMs, MRP)
– Payroll & Human Resources
– Fixed Assets
– Reporting (over 500 standard reports, all customisable)

MYOB AccountRight Enterprise

Description

Business intelligence and accounting software.
Like AccountRight Premier only more advanced. Use MYOB AccountRight Enterprise (formerly MYOB Premier Enterprise) to drill down to your accounts, payroll and warehouses from wherever you are using Terminal Services. It really does take your numbers to the big stage. It also comes with a 12 month membership to MYOB Cover.

 Xero.com

join for free trail 1

If you want  you can also Try the Demo Company (AU)  and have a play, try out new features and get familiar with Xero, before actually buying – but i would suggest just  getting the free trial first is better which can be done in a few steps (takes 5 minutes) as shown above and giving it a go.

 

 

 

Accrivia

Web Address
http://www.accrivia.com.au

Description

The Accrivia software package offers a range of accounting and operational modules software  (including General Ledger, Cashbook, Payroll, Debtors, Creditors, Jobs / Projects, Inventory and Web Interfacing) and caters for small and medium businesses that require more than an ‘off the shelf’ accounting package.

QuickBooks 2012-13

Web Address
http://www.reckon.com.au

Description

QuickBooks 2012-13 allows access for up to 30 users simultaneously (depending on version used) and includes a comprehensive payroll module, industry specific editions, accounting reports and multi-user capability. QuickBooks 2012-13 also includes the ability to submit your BAS return via the Standard Business Reporting online system.

Classic Software

Web Address
http://classicinfo.com.au

Description

ERP Software for the Mining, Exploration and Oil & Gas Industries

ClearAccounts

Web Address
http://www.clearsoftware.com.au

Description

ClearAccounts is a complete windows based multi-user accounting system designed with flexibility for medium to large size companies, compliant with ATO regulations. The core modules include Debtors, Inventory, Creditors (Cashbook), and General Ledger and can include Purchase Orders, Sales Orders, Payroll, Job Costing, Bill of Materials (Kits), Fixed Assets, Sales Quotes, Foreign Shipping, Overseas Creditors, Colour Selections (Tiles), Point of Sale and Masterviews & Charts, fully integrated. ClearAccounts includes electronic creditors payments bank file creation, electronic filing of BAS, bulk emailing facilities and can have custom modifications to meet specific company requirements

Arrow Financials

Web Address
http://www.arrow.net.au

Description

Arrow Financials delivers to businesses timely and accurate information, smart drill downs menus, extensive audit trails, real time interactivity for immediate data update and response. Arrow Financials is modular in its design, which enables you to select the modules in a combination that best meets your individual business requirements. Available modules include Arrow Financials include: Cashbook, Debtors, Creditors, General Ledger, Job/Time Costing, Fixed Assets, Payroll, Purchase Orders, Sales Orders, Stock, Bill of Materials, Foreign Currency, Multi-Company, Security Matrix, Special Pricing Matrix, Front Counter, Serial Batch Tracking, Advanced Sales Analysis.

Tax Assistant

Web Address
http://www.softassist.com.au

Description

Preparation and electronic lodgement of all tax forms 2001 to 2013.
Tax Assistant integ

Attaché Accounts

Web Address
http://attachesoftware.com

Description

Attaché Accounts software is aimed at small to medium businesses that have outgrown off-the-shelf packages and require better network performance, customisation and control. Operational benefits include faster order processing, more flexible pricing, improved stock control and warehouse management, faster debtor payment and advanced reporting. In addition, Attaché Accounts provides specialist solutions such as CRM, Job Costing, Manufacturing and electronic document delivery. Attaché Accounts has no large upfront software payment, just a low monthly amount, and you can scale the software (up to 100 users) to match your growth

Interactive Accounts Manager [IAM]

Web Address
http://iam-online.com.au

Description

Web based online accounting software produces standard reports & SBR reports. The user can interact with their accounting professional well within the software.
This is an ideal software for ABN contractors, Sole traders and micro & small businesses.

E-record replacement

Software to replace E-record software  download is  over here

More information here http://www.ato.gov.au/businesses/paymentsreporting

Free Budgeting software for home business and sole trader

by Leave a Comment

This free “Expense Calculator  software” is a practical and reliable Java based application that helps you to quickly add, analyze and manage various payments or expenses for you if your just running a home business or then even as a sole trader .

The tool is pretty basic and not an full accounting software package

free accounting software
Expense Calculator features a very simple and  intuitive interface and the options are well-organized. With this Software , you have the possibility to quickly add as many candidates as you want so you can easily organize the payments.
Also, you are able to view all the transactions so you know if you will receive or transfer funds.

Expense Calculator screenshot 2 - The application enables you to quickly add new payments by selecting the candidates

Pics from softpedia

Expense Calculator screenshot 3 - You have the possibility to view and analyze the last five transactions within minutes

This tool has been released by an Indian software group called saksham group and  the software can be downloaded free here at SOFTPEDIA

Some more Accounting softwares list :

Some commonly used accounting systems used by small businesses are

  • MYOB.
  • QuickBooks.
  • Reckon One.
  • Sage.
  • Xero – online.
  • Cashflow Manager.
  • Nominal.
  • Saasu.

Tax time and Claiming the IRS Mileage Rate in US

by Leave a Comment

tax time iRS images

If You Claim IRS Mileage Rate Deduction: Keep a Log! If you drive your car for work and your employer doesn’t reimburse you, then you’re probably looking to take an IRS mileage rate deduction when you do your taxes. No problem, the IRS handles these deductions all the time, it’s perfectly fine. One thing to know is that you should keep a written log of your business miles driven.

 

To Claim the IRS Mileage Rate, You Must Document Your Driving

In fact, if you don’t keep a written log of your business miles, the IRS can disallow your mileage deduction partially or even altogether. Some people drive a lot for business, and there are people who stand to lose $10,000 or even more if they don’t substantiate the claims they make for the IRS mileage rate. Even if your mileage deduction is denied and you go to court, don’t count on being able to write up a log after the miles were driven.

There are court cases where the defendants created written logs after mileage deduction was denied and these cases went to court. No go, said the IRS! Mileage summary must be entered at the time the miles were driven. Denied! The IRS is very good at winning travel deduction cases. Especially when the defendant doesn’t keep proper records. What’s needed is called proper substantiation.

Your mileage rate substantiation is especially important. In addition to a written log of your business miles driven, keep all your receipts as well. You may have guessed but there are some handy tools for keeping records of receipts, too. There’s a service called Shoeboxed which allows you to take a picture of a receipt and upload it to your own receipt account, where they will store it and digitalize it for your tax records. Way cool.

 

How to Keep an IRS Mileage Log for Your Business Mileage Deduction

You should keep a notebook in your car. Or get an app for your phone, even easier. There are already at least a dozen out there, just search on mileage tracker, trip log, business expense tracker app etc.

  • You will need to record the number of miles driven for each particular trip
  • You will need to write down the time you drove
  • You will need to record your destination
  • You will need to record the reason for driving these miles (business purpose)

These records will help you prove that your business miles were not for commuting. Miles you drive to commute to work are not tax deductible. You cannot apply the IRS mileage rate to commuting miles. Keep good records and you will be able to prove you drove your miles for business.

When you multiply your miles by the standard IRS mileage rate of around $.55 per mile, they really add up to a nice tax deduction. For more on the IRS mileage rate visit the IRS website page called Car & Truck Expense Deduction Reminders. Floyd Davis CPA IRS Publications

Woolworths and Wesfarmers in GLOBAL top 250 Retailers list

by Leave a Comment

Article updated:

Australian  favourite retail giants, Woolworths and Wesfarmers ( Coles Supermarkets), are now listed in the world’s top 25 retail companies list.

Top Australian Retailer in Global Rankings

 

coles against woolworths

The report brought out by research agency Deloitte , identifies the “250 largest retailers by revenue globally” for the fiscal year 2010, lists Woolworths in 20th (26th last year) and Wesfarmers in 23rd position (28th last year).

While the global downturn and economic slowdowns have seen many  top retailers companies going down the list , The Australian retail companies both Woolworths and Wesfarmers both  have jumped up by the list by six and five places  respectively.

The global Retailers list

 

The top Global retailers rankings also included other top global retail companies like WALMART ( No .1 From USA ) , CAREFOUR S.A. ( No.2 – From France ), TESCO PLC ( No. 3 – From UK)

wesfarmers top retailer list

Among the top 30 were also other companies like Costo , Best Buy Co,  Safeway , Ikea and Amazon. Brazil another rapidly growing economy has topped the “top 10 Latin Americas retailer  list”  with its “Grupo Pao De Acucar” taking the top honours.

So what is the big giants Woolworths and Wesfarmers made up of ?

Below is a listing of  the different divisions and businesses that make up the two Goliath’s of  australia

Wesfarmers

§ Retail – Coles, Bi-Lo, Liqourland, Coles express, Coles.com.au, First Choice Liquor, Vintage Cellars, Target, Target Country, K Mart, Kmart Tyre and Auto Services

§ Home Improvement – Bunnings, Bunnings Warehouse, Bunnings Trade

§ Office Supplies – Officeworks

§ Insurance – Lumley, WFi, Oamps, Crombie Lockwood

§ Resources – Urragh, Bengalla

§ Chemicals and Fertilisers – CSBP, QNP (Queensland Nitrates) and AGR (Australian Gold Reagents)

§ Gas/Energy – Kleenheat Gas, Evol LNG, Premier Power (electricity)

§ Industrial and Safety – Blackwoods, Protector Alsafe, Bullivants, Total fasteners, Coregas, Blackwoods Protector, Packaging House, Gotstock.com.au, Safety Source

§ Others, and stakes in – ModWood wood-plastic products, 50% stake each in Gresham Partners (Barminco, Silk Logistics Group and Tasmanian Walking Company) and Westpine Industries and a 24% stake in BWP warehouse retailing properties.

Woolworths

§ Retail – Woolworths Supermarkets, Woolworths Petrol, Big W, BWS, Dan Murphy’s, Wine market, Cellarmasters, Ezibuy, Countdown, Thomas Dux.

§ Home Improvement – Masters

§ Hospitality – ALH (Australia Leisure and Hospitality) group and its brands including Great Food Great Value, Live At Your Local, 28s, Function Venue Finder and Graziers beef.

§ Finance – Woolworths Money credit cards, Reloadable MasterCards and Gift cards.

§ Others – Woolworths Mobile, Langton’s

More details  about the top global retailers can be got from the Deloitte website

Download Global Powers of Retail 2011 Read and download the full report ‘Global Powers of Retailing 2011’ in PDF format.

CHOGM 2013 Boycott by countries hits sour note in SRI LANKA

by Leave a Comment

chogm 2013 in sri lanka boycott

Australia was represented by Prime Minister Tony Abbott and Foreign Minister Julie Bishop in Sri Lanka for the “Commonwealth Heads of Government Meeting” popularly known as the CHOGM SUMMIT

At this CHOGM meeting held in SRI LANKA , many countries decided to boycott the CHOGM  meet.

India’s refused to attend the meeting due to human rights concerns.

The Meet was also boycotted by Canada, and Mauritius in protest against alleged war crimes committed by the Sri Lankan government.

The UK Prime Minister David Cameron also laid a ultimatum to the Sri Lankan government for a probe into the charges of human rights violations and war crimes in the island nation.

Canadian Prime Minister Stephen Harper says he’s boycotting the talks because of Sri Lanka’s refusal to address alleged human rights abuses by the military during the country’s civil war

What is CHOGM ?

The Commonwealth Heads of Government Meeting (CHOGM) is a biennial summit meeting of the heads of government from all Commonwealth nations. Every two years the meeting is held in a different member state

Queen Elizabeth II, who is the Head of the Commonwealth, has attended every CHOGM beginning with Ottawa in 1973.

The last CHOGM was held in Western Australia , Perth between 28th to 30th Oct. in 2011 and the next one in 2015 is to be held in Malta.

Can you win the lotto 7 times

by Leave a Comment

American resident "Richard Lustwig" has beaten  the odds not one but seven times by winning the lotto.

the big lottery winner story on how to pcik numbers

Australian lotteries are subject to many regulations, which generally vary by state. The minimum age to purchase lottery products is 18. Monday & Wednesday Lotto is a lotto game played in all states and territories except Queensland. In Australia the odds for winning a division 1 , 6 winning numbers + the Powerball  for 1 game is 76,767,600:1 and this can vary with the jackpot amount

Richard has been playing the lotto or lottery for 25 years now, one of the tips he gives  is not to buy "quick picks" which in Australia is "slik picks" and suggests that punters should  start picking their numbers  as his theory is  that the odds are stacked in your favour  as you are constantly playing the same number. He says slick picks always generate random new numbers  and so  your odds  of winning will always be high  with slick picks or quick picks.

In America they have two types of lotto which are popular  which are called “scratch offs” and “quick picks” which is similar to the “slikpicks” and “scratchies” in Australia

Another tip he gives is to  not to randomly pick different  types of scratchies when you head to the shops , but pick multiple scratchies all in the same bundle and game to have a better chance of winning.

Richard Lustwig’s biggest lotto win was  his fifth win with a nice $842,000 winning. He won his first lotto in  1992 with a $10,000 payout.

Richard has not disclosed how much he has lost on trying to win lotto, however he does  recommend that people should try lotto only with money that they can afford to lose and always have priority for food and bills before the lotto. In the USA many states have different laws in relation to revealing lotto winners and not all states have the option to keep secret “the winners of the  big lotto wins”.
He has released the book "Learn how to increase your chances of winning lottery”   which is available on amazon.

He now owns a Jaguar and a Harley Davidson motorcycle with his winnings  and also bought a BMW for his son. Richard Lustig believes there’s more to winning the lottery than luck and says his seven wins prove that there is a method to the madness.

In  Australia as well there has been winners who have won multiple times  and also systems and software available to  pick winning numbers .click here to check it out

Get an exotic bet for Melbourne cup !!

by Leave a Comment

Can youturn $1.92  to $77,000 at the melbounre cup ?

Yes you can , in 2012 last year in just over 3 minutes a lucky female punter turned eight cents into $77,000 with the first four bet.

The first time  online customer laid out a total of 1.92 on several combinations of bets , but it was the bet on the first four to win the Melbourne cup – in that order  Green Moon ,Fiorente ,Jakkalberry and Kelinni.. which brought her the jackpot. The odds were really stacked up at 969,406 to one , but they punter went home happy.

2013 melbourne cup

So what kinds of bets can you play at the Melbourne cup?

About Fixed Odds Betting

Unlike Tote or tote betting, with Fixed Odds you know exactly how much you stand to win after you have placed your bet. Fixed Odds returns are quoted per $1.00 invested so to calculate your projected payout, simply multiply the amount you wish to invest by the current odds displayed for your selected outcome.

Eg if you bet $1 on the horse and curently the horse odds or payout for winning is  $20 , then you get 1×20 = $20  if the horse wins 

Multi Bet

Multi betting enables you to include a variety of sports and Fixed Odds options in one bet.

The return is calculated by multiplying the prices of each individual selection together to obtain a Multi return for that combination. A Multi selection is called a ‘leg’ and a sport-based Multi can contain anywhere between 2 and 10 legs.

Accumulator betting

This is a variation of the multi bet. Accumulator is a modified form of Multi betting. While Multi bets can be played across sports and bet types, Accumulator is played within one round of a nominated sport and within one bet type.

Accumulators can include 2 to 10 legs, dependent on the sport, and you make selections only in the games you wish to play.Like Multi betting, the return for an Accumulator is calculated by multiplying the individual returns of each selection together.

AFL, NRL, Union (Super 15) and Soccer (English Premier League) are the sports Fixed Odds is currently offering Accumulators on regularly.

You can download the latest document from the RWWA Legislation & Rules page for fixed odd rules

Download Fixed Odds Rules

Here is an offer if you looking to start an online betting account  with upto $650 free bets on signing up online

sporstbet $650 offer for melbounre cup online betting

How to join Online  betting ore sign up

Below are the requirements for you to activate your account. In short or to summarise the requirement below  , if you provide your current driver license which has a photograph and a passport or proof of age card , your account can be activated.

Required identification process documents.

Group One Documents (With Photograph)

  • Current Passport
  • Current Drivers License
  • Proof of Age Card

Any two Group 1 documents
One Group 1 and one Group 2 document
One Group 1 and one Group 3 document
One Group 1 and two Group 4 documents

Group Two Documents (Without Photograph)

Birth Certificate
Certified Copy of Birth Extract
Centrelink Pension Card

Plus one Group 3 document or Two Group 4 documents

Citizenship Certificate

Plus two Group 3 documents; or
One Group 3 and Two Group 4 documents Group Three Documents (issued within previous 3 months)

Council Rates Notice
Electricity Account
Gas Account
Fixed Line Phone Account
Water Usage Account
Water Rates Notice

Two Group 3 and Two Group 4 documents Group Four Documents (supplementary documents)

Medicare Card
Bank or Building Society Debit Card
Health Care Card (e.g., HBF, Medibank)

Some providers will not let you withdraw funds if you have opened your account  and not provided  paperwork within their timeframes.

How to Choose a Video Surveillance System for small business ?

by Leave a Comment

When there is a need to keep an eye on what matters most, from anywhere and at any time, you will need the best Video Surveillance System which would allow you to be virtually present for protecting your valuable property. There are many such systems in the market but to choose among them which suits your purpose the best, you will need to do a bit of research work. There are many criteria’s that need to be judged when choosing a video surveillance security system which will allow you to view from your iPhone, iPad and other smart phones. Here are some of the features that need to be explored while choosing a good surveillance system.

small business Surveillance System

The Number of Security Cameras Needed

Question arises on whether you need more than one camera. Number of cameras depends upon the area under surveillance and the key areas which require more attention. In case of residential houses having large exteriors or multiple rooms, there will be necessity of more than one camera. Generally three to four cameras can do the job efficiently provided they are positioned at vantage positions such as entrances, crawl spaces, windows and roof.

Choosing the Capabilities of Camera Lenses

Video Surveillance System software

Proper viewing of the area under surveillance depends on the capabilities of camera lenses and depends upon the angle of viewing. In case an extended area needs to be covered, wide angle lens should be used like in workshops or factory floors and offices having an open area. For fixed and small area such as windows and retail counters, a standard lens is sufficient. Adjustable lens can also be used, choosing optimum field viewing.

Quality of Images

Quality of image and recording of details depend upon the resolution of the camera lens and the number of TV lines. Systems having over 400 TVL will need high resolution cameras. The greater the speed of frame rate, smoother is the recording and output of moving objects. While 15 fps is sufficient for objects moving at moderate speed, fast moving objects generally need a rate of 24 fps.

Locations of the Cameras

Cameras should be placed at vantage positions depending upon the field of view. In places like factories, construction site security, gated communities, utilities/sub-stations, automobile workshops and parking spaces, where large areas need to be covered, wide angle lens should be in operation. In small and fixed points, fixed camera can do the job. Camera lenses designed with zoom feature allows adjusting the field of view through remote control and respond to any emergency calls such as alarms. Feasibility of installation of cameras should also be taken into account which include easy and quick installation and dismantling and special features for protection from dust and strong wind.

Choosing the Right Security Cameras

There are many types of cameras but to choose the right one, camera features and the purpose of surveillance should be considered first. Differences between camera types should be analyzed while taking the final decision on whether to choose the Box, Bullet, Dome, Infra Red Camera or the Hidden or PTZ camera. Each has its own features which have to be studied before installation. NVR cameras can also be installed for wide area of networks where video footage is important.

Capabilities of Surveillance Software

Performance of a camera depends upon the video surveillance software installed because the better the software, the faster is the response and better recovery of data. Software allowing easy configuration and installation of camera is the best choice. Other functions enabled by the video surveillance software needs to be checked which include recording of a sudden event at areas where there is more activity, notification via SMS, an E Mail and quick search of video footages from the archives stored in the drive.
Other capabilities of the installed software which needs to be checked include remote access where online recordings can be viewed through control panel which is web based.

Other external criteria’s

Even while considering the above factors, there are some other factors that need to be considered while installing the video surveillance systems. They are intensity of light in the area under coverage and the time of recording which are decisive factors to ensure compatibility of the monitoring system and their high performance.

Having the right Video Surveillance System will help in preventing theft, identifying visitors, prevent potential accidents and safeguard of people and property.

iVIS offers wide range of surveillance services in Australia with highly qualified staff monitoring your business 24/7. Get total peace of mind, while we take care of your security.
Article by iVIS Australia Pty Ltd – Upgrade To A Safer, Smarter & Secure World!

Where Australia stands in credit Suisse wealth report

by Leave a Comment

The 2013 Credit Suisse – Global Wealth Report aim to provide the most comprehensive study of world wealth and progress of wealth  accumulation among individuals and countries.

australians wealth in mining

The report is made for Credit Suisse in collaboration with Professors Anthony Shorrocks and Jim Davies

This report measures and analyze trends in wealth across nations, from the very bottom of the “wealth pyramid” to ultra high net worth individuals.

Global wealth has reached a new all-time high of USD 241 trillion

the credit suisse global wealth report 2013 2012 and 2011

Old 2012 wealth report

 

According to  the study, Australia can be said to be the “lucky country”,   with Australians said to be  the richest people in the world, by at least one measure.

The median wealth of adult Australians stands at $US219,505 ($233,504) – the highest level in the world, according to the Credit Suisse 2013 Global Wealth Report, released on Wednesday.

The number of Australian millionaires increased by 38,000 to 1.123 million people and  about half of the rise in  Australian wealth is said to be due to dollar rate exchange appreciation.

The study measures median wealth  as a average  middle point between richest and poorest,  and has measured  that 50 per cent of the population has more than $233,504, and 50 per cent less than that, making  the Australians  to be quite wealthy according to this report , specially  when you take the sparse population into account.

Browse out research organisations list over here

Advantages of Access Anywhere Investment Software

by Leave a Comment

When you are looking to build the most “successful investment portfolio” via a systematic approach, you will have many factors to consider, as well as actions to take.

trading analysis forex signals

You will need to determine your investment strategy, for example, considering whether you are a conservative or aggressive investor, while your asset allocation will also need to be figured out. Your asset baskets will then need to be filled with specific investments, with portfolio rebalancing also needing to be done periodically.

Clearly, it’s understandable that individuals managing such a portfolio – whether they are high net worth investors, stockbrokers, IFAs or fund managers, to name just some possibilities – would decide to make use of suitable investment management software incorporating a wide range of functionalities to make their lives easier.

Such functionalities could include everything from comprehensive reporting encompassing transaction, valuation, contribution and regulatory data to portfolio modelling and rebalancing consisting of strategic/dynamic modelling and blended modelling/asset allocation. But what is access anywhere investment management software, and why should wealth managers choose it?

Explaining ‘access anywhere’ investment software

 

In today’s world, the traditional ‘9 to 5’ is collapsing, with more and more individuals working from home and/or in all manner of remote environments. The top finance staff of major corporations, CFOs and MDs, CEOs involved in finance issues, IFAs, stockbrokers and high net worth investors alike are spending an ever-decreasing proportion of time chained to their desk in the same office, instead being constantly ‘on the go’.

This trend of an increasingly mobile, remote working corporate world has coincided with the rise of ‘cloud computing’, with more and more functionalities and technologies that might have once involved the installation of software on one local device now being delivered ‘as a service’ over the web.

The world of investment management software has not been immune to this trend, with the leading software solutions offering full interface functionality either via web services, or involving the importing of files from multiple locations.

Web based software of any kind allows its users to access it from any location in the world with an Internet connection, and from any device that is capable of the same, which is why a tablet friendly portal is another priority for many of those considering investment management software. This is why the terms ‘access anywhere software’ and ‘web based software’ are largely synonymous.

Why should you prefer access anywhere investment software?

 

Access anywhere investment software is used over the Internet with a web browser, with no CDs needing to be installed, or software downloaded. Nor is the client required to leave space on their own systems for upgrades, or even think about them – instead, the company behind the software can be entrusted with evolving it in line with a changing business landscape, meaning that the client always benefits from the most up-to-date version.

Users of access anywhere investment software don’t need to take the software with them in any form for their constant foreign business trips, as the data is centralised, being available over the Internet from any computer, at any time. Clients can access information about their investments and get to work on the management of their portfolio from anywhere, also not needing to worry about the theft, damage or loss of data.

Traditional software, after all, involves data being saved in all manner of locations, from USB drives and laptops to portable hard drives. Particularly as far as such a sensitive matter as one’s investment portfolio is concerned, it is a considerable reassurance to have that data securely stored on the most up-to-date, state of the art enterprise-class servers. It makes the latest backups and security patches and updates for one’s own devices just slightly less critical, which is invaluable, given how often they are also completely forgotten.

If you are looking to manage your investment portfolio, in a 21st century corporate environment, you will want to be able to quickly access the full range of investment management software functionalities, encompassing order management, real time performance measurement, client relationship management and more, in a truly fuss-free and efficient manner.

You are not likely to want to get bogged down with technical requirements. Instead, you’ll want to be able to leave such responsibilities to the directors, project managers, technology developers and business analysts who conceived the software and are therefore best-placed to incrementally modify it in line with the current business landscape and the common needs of clients.

The right access anywhere investment software gives you precisely this convenience and peace of mind, allowing for your focus to remain firmly on your investments.