SaaS Glossary - Essential Terms Defined

The Multi-Location Accounting feature of Connected Business is a feature that allows companies, who have multiple locations or branches, track the financials per location. Some multi-location companies forgot how important reaching their local customers was. When companies started marketing online, they believed their success would be found through nationalization. So, they built huge websites to compete with the online-only providers. They found some success, but they lost the advantages of targeting local customers. All of this was done to protect the corporate brand and image and save on resources. But then the web became more local. With the advent of the smartphone, more customers started reaching out to local businesses through the web. Suddenly, reaching customers locally became mor...

Metadata management is the administration of data that describes other data. The goal of metadata management is to make it easier for a person or program to locate a specific data asset. This requires designing a metadata repository, populating the repository and making it easy to use information in the repository.

Mobile access is the use of a mobile device (e.g. smartphone, tablet, or wearable) to gain access to projects, tasks, services, and more.

You can use macros to avoid performing repetitive actions. For example, macros enable you to create templates with attachments so that you don't have to remember to include a specific file every time you write a specific type of message. You should add information to the message body and fill in the Bcc, Cc, and Subject email fields.

A mobile payment is a payment made for a product or service through a portable electronic device such as a tablet or cell phone. Mobile payment technology can also be used to send money to friends or family members, such as with the applications PayPal and Venmo.

Mobile time tracking is the process of recording working time with mobile devices. Employees can clock in and out using a dedicated mobile app. Some mobile time tracking tools offer GPS tracking and geofencing as well.

Multi-currency means using more than one currency (such as Canadian currency and American currency) in a multi currency bank account.

The process of collaborating by more various users on the same account for the purpose of reaching the same goal is known as Multi-User Collaboration.

Most accounting systems today call themselves a multi-company application because they can handle the accounting for more than one company at a time with each company having its own database. You log into one company do your work, then log out and log into another company. A true multi-company accounting solution should bring more efficiency to your daily accounting processes. It should reduce the amount of work to be done, the number of spreadsheets needed, and the time it takes to get real-time information. A true multi-Company accounting system will everything for you. Create the invoice, and the payable in the subsidiary is also created. Everything in one step

A project is only considered a success if all of the client's objectives are met. These are usually articulated in terms of the complexity of what needs to be delivered, its consistency, the costs involved, and the timeframes involved. The most effective way to manage the timescale factor is to monitor milestones. Effective project preparation concentrates on the most important deliverables, with assignments outlining how the job will be structured to meet the deadlines. Milestones are used to classify these main completion dates so that projected dates can be compared to committed dates as the project progresses. This is what's referred to as milestone tracking.