Picpa president David Balangue signed a three-year agreement with e-MBM chairman and chief executive officer Garth Noel Tolentino allowing the latter to provide QuickBooks products, staff training, technical support and provisions for updates in implementing complete and functioning accounting systems for institute members using the system. Balangue acknowledged e-MBM for its “generous donation and excellent assistance” to Picpa. The accredited professional organization of certified public accountants in the country received 10 user licenses of QuickBooks to upgrade its accounting system, including creation of customized reports, documentation and integration.
Developed by Intuit, the global leader in financial software products, QuickBooks targets financial professionals and small and medium enterprises (SMEs). Since 1993, e-MBM has dominated the SME market with its complete line of Intuit financial software products, including Quicken and Customer Manager.
e-MBM recently arranged a financial assistance package that SMEs can avail themselves from Small Business Guarantee and Finance Corp. (SBGFC) in developing their systems. Through e-MBM, a qualified entrepreneur can borrow up to 200,000 from SBGFC for use in office productivity solutions. SMEs account for 99 percent of over 800,000 existing enterprises in the country today based on figures from the National Statistics Office. Previous studies revealed that SMEs, despite their lack of financial resources, would like to keep up with technology to be productive and efficient.
e-MBM has 3,000 clients using QuickBooks to manage receivables and payables and just-in-time inventory, analyze business performance, track down marketing data and evaluate customer trends and customer credit performance for effective marketing strategy.
Thursday, July 20, 2006
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