Quantcast
Latest Stories

New software for SME record keeping

By

Small and medium enterprises can now benefit from the fully-integrated open-source enterprise resource planning (ERP) system.

Business solutions provider e-Methods for Business Management Corp. (e-MBM) in partnership with xTuple headquartered in Virginia, USA, to distribute and implement xTuple products in the Philippines and Southeast Asia.

According to circular no. 9-2009 by the Bureau of Internal Revenue in 2009,  all large taxpayers must have electronic record keeping requirements or computerized accounting systems.

e-MBM responded to this call by launching a free software called xTuple PostBooks, a open source baseline powered by open source software like the PostgreSQl database, the Qt development environment and its own OpenRPT report writer.

Cristy Llacer-Oreta, president and chief operating officer, says “we saw the need to bring over xTuple ERP in the country to respond to a growing local economy and address the requirements whose operations have become more complex.”

She also stresses the idea that in order to help small and medium entrepreneurs focus on their core business needs, an open source software can help automate their accounting needs for free and allow them to easily transition their records to a fully-integrated system.

xTuple integrates all critical functional areas in one system: sales, accounting and operations—including customers and supplier management, inventory control and manufacturing and distribution.

It also allows easy migration from other accounting systems and is friendly with desktop applications that run on Windows, MAC or Linux, she adds.

Other distinct capabilities xTuple offers are: it provides access to unlimited users, globally available through the Internet, it controls inventory in all warehouses in various locations, records transaction in any currency of any country and it provides a comprehensive consignment module.

On top of that, xTuple also has a mobile web application that can run in iOS and Android. Open source xTuple is free to use or to share so one can get the source code and improve the software.

Oreta also points out that among the advantages of open source is aside from it being cost-free, it is also easy to integrate and other areas can easily be tweaked through the software. Finally, it also offers free cloud hosting.

e-MBM also has something to show for large companies which require vertical functionality and commercial software license. They can avail of xTuple’s commercial products packaged for industry segments such as manufacturing, distribution and retail.

There are over 800,000 registered companies belonging to the micro, small and medium enterprises (MSMEs) sector, with over 400,000 new companies registered in 2012 according to a estimated data from the Department of Trade and Industry.

Oreta believes that turning to xTuple ERP is a vital step for companies whose growth can generate millions of jobs in the process and help respond to the demands of a growing economy like the Philippines.

The e-MBM assures its buyers that they will be with them along the way as they offer services that includes: on-site training, online technical support, consultation visit, implementation services, programming services, customization of programs based on client’s requirements and creation of bridge software for seamless transaction of files.

SMEs can also design their own time frame on when they want to implement the integration of their books to ERP or they can opt to use the rapid implementation which will just take 15 days to set up.

Over 5,000 SMEs in the country are being serviced by e-MBM. Five SMEs have already availed of the xTuple ERP and one large manufacturing company has signed up for the commercial software license of xTuple.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: ERP , small and medium enterprises , Software



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • 16 CADPI sugar refinery workers now out of danger after toxic shower in Batangas
  • PNP denies Purisima’s involvement in questionable deal with courier firm
  • Pro-Russian insurgents hold journalist hostage
  • UN heads say Syria aid needs ‘largely unanswered’
  • Captain who left doomed ferry had 40 years at sea
  • Sports

  • UP nips St. Benilde; Adamson blasts RTU in Filoil women’s caging
  • Kevin Garnett responds to Raptors’ GM F word
  • Albert Pujols hits 500th HR of major league career
  • UST posts twin kill in Filoil pre-season cup opening day
  • Wizards beat Bulls in OT to take 2-0 series lead
  • Lifestyle

  • Entering the monkhood a rite of passage
  • Haneda International Airport: A destination on its own
  • Wanted: Beauty queen with a heart that beats for the environment
  • Kim Atienza: At home with art and design
  • Life lessons I want to teach my son
  • Entertainment

  • Bollywood Oscars, film stars come to Florida
  • Ex-Fox exec denies allegations in sex abuse suit
  • Kris Aquino backtracks, says Herbert Bautista and her are ‘best friends’
  • Summer preview: Chris Pratt enters a new ‘Galaxy’
  • Bon Jovi helps open low-income housing in US
  • Business

  • Toyota sells 2.58 million vehicles, outselling GM
  • McDonald’s 1Q profit slips as US sales decline
  • SEC approves SM’s P15B retail bond offer
  • $103M Vista Land bonds tendered for redemption
  • Oil slips to $102 as US crude supplies seen rising
  • Technology

  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Mark Caguioa lambasts Ginebra teammates on Twitter
  • Brazil passes trailblazing Internet privacy law
  • Opinion

  • One-dimensional diplomacy: A cost-benefit analysis of Manila’s security deal with Washington
  • No ordinary illness
  • Reforest mountains with fire trees and their kind
  • Day of the Earth
  • When will Chinese firm deliver new coaches?
  • Global Nation

  • Palace thanks Estrada for successful HK mission
  • Hong Kong accepts PH apology; sanctions also lifted
  • China won’t budge, wants PH gov’t to apologize to HK
  • Cha cha train to follow Obama visit?
  • No word yet on inking of US-PH defense pact during Obama visit
  • Marketplace