These new cloud-based tools have started their services in India at very completive rates and offer deep discounts (up to 70% of the listed prices) – they normally charge anywhere from 2000 INR to 4000 INR / annually - which is pretty reasonable considering the features and functionality offered. Few of the key features offered by these tools are as follows:
Outcome has been supporting entrepreneurs how right processes, controls & review mechanism can help to be on top. Valuable inputs that checks inefficiencies, induce improvement, greater visibility thru business transactions and not just a bland corporate operating procedure bible. Outcome born out of the need of the aspiring small & medium businesses to scale up. This need has sparked a global idea.
How Accounting is changing on Cloud-Based Tools
The new tools in the market are changing the way the accounting industry is getting shaped and is also providing fresh thought to historically accepted practices in India.
There are various new tools available in the market now, various global companies have ventured into this like quick books – one of the biggest accounting tools in the world for SME, the beautiful accounting tool Xero – and Zoho Accounting - just to name a few.