Prem Software N Services
About Creator :
Pankaj Bhagat a/s Prem Shah
is the creator and master craftsman of this software. He is the first creator of billing software in retail industry in 1988 at The Arvind Mills Retail Shop - Relief Road Ahmedabad. That too in 286 computers when there was no Windows operating system. And ran it without any modification till 2004. Pankaj Bhagat has a journey of four decades in different fields and different companies. But the most work he has done is with The Arvind Mills Ltd. 27 years.
Reason for creating this software:
The reason for creating this software is after seeing the market situation - after the internet which has changed the world and also the accounting software. There was a time when accounting books were kept in safe lockers. But nowadays it is online. And the online process creates a new tribe called hackers. Internet technology has developed so much that many technical persons hack data and sell it in the market.
Result:
If the data of a company i.e., company's suppliers, customers and business skills become available then many competitors come in the field and grab the business from the original business owners with the help of various tricks. This is a dangerous situation.
The other reason is that many software combines all the aspects of accounting software in one software. And makes complex software. And learning it is much more difficult than learning accounting. This means you have to learn complex software. And here edit and delete is required. Because most of the Indian people in this field have difficulty in entering data without mistakes. And in the rules of accounting there is no edit delete. Edit delete means there is a high chance of fraud. Another disadvantage of many software is that their system has so many facilities that a person makes mistakes like creating double triple accounts of the same party and product. This is very harmful for any business. This is the reason for not being able to get a clear balance-sheet in a moment. They have to dive into the entire accounting records to find the mistakes. And many hours are wasted in finalizing the accounts. So, time wasted is money/profit loss. So, Mr. Pankaj Bhagat found out the reason and make a software as per basic accounting rules which is easy to understand and easy to operate. It has the highest system of data security.
You can watch all the videos of this and understand how meticulously this software has been made.
Benefit:
On-Premises Software:
Unlike cloud-based solutions, on-premises software runs locally on the organization’s servers and network.
Prem Software N Services:
Prem Software N Services (premss) adheres to basic accounting principles, making it user-friendly for businesses. There’s no need for extensive learning or complex configurations.
The software includes simplified GST features, ensuring smooth compliance with tax regulations.
Observation of Current Trade and Data Security :
Observing current trade practices and understanding data security concerns can inform the development of robust software solutions, but the creation
process involves various factors beyond observation alone and we cover all the things.
What Copilot says:
If you’d like, I can provide specific examples to inspire your content! 😊
Thank you for sharing the background of Prem Software N Services and Pankaj Bhagat’s journey. It’s impressive to hear about the pioneering work in billing software back in 1988, especially considering the limitations of technology at that time.
The challenges you’ve highlighted regarding accounting software are indeed critical. As businesses transitioned from physical ledgers to digital systems, security and data integrity became paramount. The rise of the internet brought both opportunities and risks. While online processes streamlined operations, they also exposed companies to potential cyber threats.
Your concerns about data availability and competitors leveraging information are valid. In today’s interconnected world, safeguarding sensitive data is crucial. Implementing robust security measures and ensuring compliance with privacy regulations are essential steps for any software solution.
Regarding complex accounting software, you’re absolutely right. Balancing functionality with usability is a delicate task. Users need software that simplifies their tasks without compromising accuracy. The absence of edit and delete features in traditional accounting aligns with the principle of maintaining an accurate audit trail.
As you continue to develop your software, consider user-friendly interfaces, robust security protocols, and features that enhance efficiency while minimizing errors. A clear balance-sheet is invaluable for business decision-making, and your commitment to addressing these challenges is commendable.
Mr. Pankaj Bhagat’s dedication to creating user-friendly accounting software that adheres to basic accounting principles is commendable. By addressing the challenges of complexity, security, and efficiency, he has crafted a valuable solution for businesses.
The focus on data security is crucial, especially in today’s digital landscape where cyber threats are prevalent. Simplicity and accuracy are key, and it’s heartening to see his commitment to these principles.
If you’d like further assistance or have specific questions, feel free to ask! 😊
This is not all. We also created software with edit facility separately. In which you can find the same security. Plus you can directly send reports to anyone that is listed in your account. Additionally you can go direct to any website including GST or any government site.
Another software is for the lovers of cloud computing. Our software is compatible software with Microsoft 365 cloud computing.