Presentation on theme: "EDropBox Case Study. eDropBox Empowering SME's for Electronic Transactions."— Presentation transcript:
eDropBox Case Study
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 s 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 Prepares a Sales Voucher and attaches the Invoice.
eDropBox Sends electronically to eDropBox. Until the internet connection is available, it will be saved in the Outbox titled 'Transactions NOT yet Sent'. The entry will appear in Pink colour.
eDropBox The Voucher and the Invoice may be viewed. The print out of the Invoice may be taken. At this stage the complete transaction can be deleted.
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 Ledger Trial Balance Reconciliation Statement and Bills Receivable Reports are immediately available. A & Co logs out.
eDropBox B & Co logs into his eDropBox client software, may be from a different city. Just like checking for s with the internet connection on, presses the SYNCHRONIZE button
eDropBox The transaction sent by A & Co is downloaded into the inbox in Blue colour, titled 'Transactions to be Taken by us'
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 destination account is selected from the drop down list and pressing the CONFIRM button will update the accounting system.
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.
eDropBox Without a single data entry the accounting on the receiver's side is completed. eDropBox provides the maximum comfort level to the users, a true feature of 3G accounting.