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Multisoft Solutions
Accounting & HR Management Experts in Ghana & Abroad
Accounting & HR Management Experts in Ghana & Abroad
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Sage X3 Technology Suite Invitation

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The market is flooded with all sorts of software packages that are supposed to be capable of automating every facet of a company’s business processes, eliminate redundancy and facilitate reporting.
However, most of these are not Enterprise Resource Planning (ERP) solutions as they are portrayed to be. They are merely accounting packages that rely heavily on “middleware” and “frameworks” to integrate other third-party applications.

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The market is flooded with all sorts of software packages that are supposed to be capable of automating every facet of a company’s business processes, eliminate redundancy and facilitate reporting.

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Business consultants have long advocated outsourcing non-core functions.A non-core function is one that is not a profit center (meaning, you don’t charge customers for it). A non-core function may be essential, but doesn’t differentiate your business strategically from competitors.In most businesses, administrative and back-office activities such as payroll processing are non-core functions.As such, they are potential candidates for outsourcing.

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We all understand that businesses are not in business to keep books—obviously to make money—but by not keeping the books properly; you will be out of business. This means in as much as you want to promote your products, make sales and generate profits, you need to watch the bottom line, or else your company will be exerting efforts in futility.

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According to the Registrar General’s Department as noted by Graphic Online, 90% of registered businesses in Ghana are SMEs. An SME Research Report by Ghana Web indicated that SMEs contribute an estimated 70% of Ghana’s GDP and account for approximately 85% of employment in the Ghanaian manufacturing sector. It is therefore implicit that to maximize the developmental potential of Ghana, the companies classified as SMEs must be assisted to develop.So, what is the No. 1 problem facing SMEs in Ghana today?

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According to the Registrar General’s Department as noted by Graphic Online, 90% of registered businesses in Ghana are SMEs. An SME Research Report by Ghana Web indicated that SMEs contribute an estimated 70% of Ghana’s GDP and account for approximately 85% of employment in the Ghanaian manufacturing sector. It is therefore implicit that to maximize the developmental potential of Ghana, the companies classified as SMEs must be assisted to develop.So, what is the No. 1 problem facing SMEs in Ghana today?
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