eDropBox Empowering SME's for Electronic Transactions
eDropBox Executing electronic transactions need not be the privilege of only the Large Enterprises any more! eDropBox will change the way businesses transact among themselves just as much as emails changed the exchange of messages.
eDropBox It is a Transaction Enabler. Introduces the concept of 3G Accounting Execution of a transaction itself leaves a trail for formal accounting.
eDropBox Only the initiator of a transaction needs to do the data entry. The recipient has to merely acknowledge and direct it to the destination account without any data entry from his / her side.
eDropBox Case Study Transactions between A & Co and B & Co.
eDropBox Action: A & Co prepares an Invoice and sends to B & Co
eDropBox Steps: The user logs into eDropBox client software enters the invoice details and then saves.
eDropBox When the connection is available, pressing the SEND button will send the transaction to eDropBox server. The entry will now appear in the next window in Green Colour titled 'Transactions NOT taken by the customer'.
eDropBox B & Co may accept the transaction at the appropriate instant applying his business rule. The Receiver may decide to 'Take' the Invoice into his / her account only after the goods arrive.
eDropBox By pressing the TAKE button and picking the right entry, the Voucher will appear on the credit side automatically filled as a complementary transaction for the debit entry sent by the Sender.
eDropBox The invoice sent by A & Co will also appear as a printable document and The Ledger Trial Balance Reconciliation Statement Bills Payable and the Due Date Manager Reports are immediately available.