The most recent cyber-attacks haven’t come from companies being hacked, but they third-party vendors, partners and suppliers being hacked. In fact, partners, third-party vendors, and suppliers, and partners pose more risks to a company’s bottom line and reputation than in prior years. According to recent studies, 63 percent of company data breaches occurred because of third-party cyber-attacks. This means cyber-attacks aren’t just happening to big corporations, but the third-party partners.
When looking for ERP software for manufacturers, your main concern isn’t about finding possible solutions to make your operations more efficient. There are plenty of vendors for this type of software, so they’re not exactly hard to find. The challenge is to find a suite of applications that is expressly designed for the manufacturing business you run. So before you get an ERP solution on the basis that each one is pretty much like the other, here are some questions you need to ask (and
For a few months now, since the beginning of the year, the European Union's GDPR mandates covering data privacy has been bandied around the business sphere. The May 25, 2018 deadline just passed a few months ago, and if your company conducts business or processes data of European Union citizens, that it is imperative that you are in compliance. However, if you are not, this is no reason for undue concern, as the CIOs of most companies have recently reported that their respective enterprises
Not too many years ago, the thought of performing an SOC 2 audit was often a good sign for a service organization. It signified growth and status because only big clients would require such an audit for the safety of their company data. However, with most businesses now immersed into an online world, the need for an SOC 2 audit for service companies is now standard. Without such an audit, no clients will trust your company to be capable of safeguarding their data during the course of service
Most companies nowadays rely on an intricate network of third party vendors to facilitate their operations. Indeed, it is becoming increasingly common for a business to outsource core functions such as payroll processing, data storage, and IT services. This has led to concerns from businesses regarding how their sensitive customer and operational data is being handled by vendors. More customers now seek extensive documentation from their vendors regarding the internal controls they have put
Some people have misunderstood conversions for websites, and this could cost them big. Perhaps they view it as unnecessary expenses that don't raise profitability, efficiency, growth and retention. For that reason, they choose to chop it out of their plans. Meanwhile, other business owners see CROs as the silver bullet to every marketing woe. From raising traffic to generating more leads, CROs are seen as the cure-all. Some misconceptions might be harmless, but you have others that will cost
Resource management is the process of planning resources to reach their maximal efficiency. It’s the process that answers the ‘who is doing what and when’ question. But also the 'what is where' question. It’s allocating a task to Mike, it’s booking the meeting room or the piece of equipment or machinery to know where it is and how long it’s going to be there. In a small-sized organization, resource management can be done with Excel spreadsheets, calendar application or a team-centered
Do you know that the name of your business can be a powerful marketing force? YES! Absolutely. It is the reason why many businesses seek a marketing expert's advice when it comes to naming their companies. Some people are even willing to spend tens of thousands of dollars for this privilege. So if you have finally decided to start a business, don’t even think of naming your business until you read this. How Will A Bad Business Name Hurt You? According to studies, your business name can
Hey unencrypted websites! You were put on notice! And product/ IT managers you are on the hook to make sure your brand’s websites and landing pages are secured. According to Google’s Security Blog posted February 8, 2018 - “....Beginning in July 2018 with the release of Chrome 68, Chrome will mark all HTTP sites as “not secure”.” SSL (Secure Sockets Layer) is the standard security technology for establishing an encrypted link between a web server and a browser. This link ensures
It all boils down to customer experience. No matter what sector your organization belongs to, your primary aim is to make your customer’s experience delightful. But that’s only possible if you are able to come up with a fruitful strategy. An effective customer experience strategy helps to retain your incoming and existing customers effectively. But what’s even more essential while planning this strategy is to think like a customer. Unless you aren’t thinking from a customer’s point of
If you’ve been thinking about how you can create positive relationships with customers when you begin the process of creating a new business, then you will definitely want to think about whether you have the right contracts in place. When you take the time to develop contracts that are well-written and forward-thinking, you’re likely to save yourself from a number of issues down the road. Here are some ways you can develop contracts that work for both your company and your customers.
Perhaps your boss has decided it is time to start getting serious about data, perhaps they have tasked you with the job of researching different solutions and finding out how to implement a data integration solution. If so - here is the simple break down. What is Data Integration? A data integration solution might sound utterly complex but it’s not really. Let’s break down the phrase. Data = facts and statistics collected together for analysis Integration = an act or
If you’ve been thinking about ways you can develop customer trust without spending too much and overhauling your marketing campaigns, you might want to consider what changes you want to make. Whether you’re a new company or looking to readjust some of the relationships you have your clients, customer trust can define how successful your business is and the steps you take toward marketing in the future. Here are 4 ways you can use marketing toward developing your client relationships and
Scandinavia is home to some internationally renowned organisations that have reshaped the business landscape around the world. Here are just a few of the most successful Scandinavian businesses and the industries in which they have risen to prominence. Volvo Known for its safety-focused passengers cars, Volvo is valued at over $37 billion today, with annual revenues exceeding $35 billion. Volvo began life all the way back in 1927, when its first passenger car was created.
In today’s competitive business world, keeping up with the latest trend will give you an edge amongst fellow entrepreneurs. With the ever-changing demand of the industry, it’s best to have an idea on what you can do to get your business out there and attract more customers in the most efficient way possible. Over the years, incorporating technology with business has been proven effective in boosting sales and overall performance. One of the most common strategies is putting up an
Opening a new ecommerce store takes time and effort, and when you want to create one that stands out from the crowd, it can require a little extra work in order to get the results you want. The good thing is that there are some things you can do in order to help your new business stand out from the competition and develop relationships with customers - which can be especially helpful in an oversaturated market. Here are 4 basic tips when you are planning on building and launching a
Anyone in a SaaS business, or any other product or service-based business for that matter, is familiar with the huge deal closing an enterprise sales account. It’s a tremendous opportunity for the company to grow and expand their prospects. It produces an abundance of business to the company but it’s not a cakewalk. Executives, agents, presenter & everyone engaged in the process works vigorously and on an average, it might take up to 6 months before you land an enterprise account.
Big data. We’ve all heard the buzzword. Even more so as of late. Organizations big and small boast of leveraging data to their advantage, but the reality is most don’t have access to it, know how to appropriately analyze it, or what to do with it once deciphered. It’s true, some SaaS companies are built upon truly game-changing ideas, but more often than not, the most successful SaaS brands become so due to effective execution. Success in today’s fast paced, information rich
What is Preservice Teaching? Preservice teaching is the process by which a college student aspiring to be a teacher gains experience leading a classroom while being mentored and guided by a professional teacher. At first, the college student solely observes classroom routines. Over time, the college student is given more responsibilities until he/she feels competent in classroom management and instruction (Virginia Wesleyan University Handbook, n.d.). As
Are you new to the world of internet marketing? For most newcomers to this method of advertising, honing in on the right strategy is a main concern. With all of the different marketing options out there, choosing the best ones for your company can be a bit overwhelming. There are nearly 4 billion internet users around the world, which is why tapping into the power of online marketing is so important. With an appealing SaaS website and a well thought out marketing strategy, you
When it comes to SaaS, there are certain types of programs that virtually every business has heard of, and which most of them use on a regular basis. CRMs, ECMs, and other programs targeted at general project management are common fixtures in most enterprises. In fact, not having these types of programs in a large enterprise can be a major business faux pas that costs your company time and money. But there are other types of SaaS that too few businesses are leveraging. In fact, one type
Social networks have long been a part of our lives. They are used both by ordinary users fοr persοnal purposes, and by many popular organizations to attract the target audience. The more followers a particular channel, blog or page has, the higher its popularity, which, in turn, creates a platform for profit. And where the benefits, there and special tricks, such as services cheat followers. Services for cheating followers. It is for this reason that a variety of programs and services
When you first work on something whether it is household or professional, you will get confused and not be able to act properly. This is a universal truth for every human being and every job that a person’s first. Same goes for trading too, especially the novice one. Because they are not properly trained or educated on this investment business. That is why they fail to go at the right moment when the condition of the market is in their favor and make a good amount of profit. Today we are going
As a small business, you already have a number of challenges that you are facing that some of the big companies are not. You might have to deal with complaints from clients on a personal level, budget more, and deal with payments from customers. When you want to know what payment options can work for both you and your buyers, you might need to be more aware of what choices there are than some of the bigger companies out there. Here are some ways you determine the right payment options
SaaS packages are designed to grow with your business, providing just what it needs at any given time. By the end of 2018, it's estimated that more than half of all companies that use SaaS apps to run their businesses will only use SaaS licensed apps. That number will continue to rise rapidly in the following four years. With so many companies turning to SaaS exclusively, there must be some significant advantages- especially for smaller businesses. Controlled Costs Whether you're
POS software or Point of Sale software is used by brick-and-mortar stores as well as e-commerce stores to conduct their business. HDPOS Smart Point of Sale software can be thought of as an extension of the cash register. Here, the cash register no only monitors your sales, but also keeps a track of your inventory, tallies up the sales, provides loyalty features to the customers and more. It is an integrated solution on which your entire business can run. POS software, by definition, is a
The IT sector is awash with data. This means more data is available to us than we can use. Data science is the field related to the development of insights from large sets of unstructured data. Its practical significance lies in the generation and implementation of information the right way. Today, data science techniques are widely used to streamline information models of a dynamic environment that depend on real-time sensor data. When organizations get these information models, they turn them
In today’s internet era, your website is the most crucial marketing tool that can present your business to a large audience pool. As today, most of the people are using the internet to get the solutions for diverse queries, many business owners are shifting their businesses from offline to online. However, when it comes to choosing a website building platform, most of the people often get confused between WordPress and Website Builder. The confusion is which platform is better! Since
Ever since the MetaTrader programs hit the market almost 10 years ago, the forex trading market has been changed significantly. Nowadays, you can find the vast majority of forex traders using one of the two MetaTrader platforms. A lot of traders use MetaTrader 4 for forex trading while others use MetaTrader 5 for both forex trading and stock trading. The question traders ask is - which of the two platforms is the better one for forex trading? For some, MetaTrader 4 offers the complete
Over the years, the roles of mobile phones have changed a lot. Not so long ago, mobile phones were only used for basic activities like calling, texting, and general communication. Nowadays, mobile phones are used in virtually every industry and occupation to do multiple tasks. People increasingly use phones as a means to access their online business platforms in 2018. Indeed, it is entirely possible to go through an entire day of work just using a mobile phone. Mobile phones have been adopted
Making money online is the will and wish of so many people but it required proper guideline and practice. You can select Facebook, twitter and other social networks to make money from these sites. Today we will discuss YouTube, the fast growing network, for money making purpose. YouTube partner program is the best option to get handsome revenue by sharing your videos on YouTube. Therefore follow this guide to get your videos monetized and start changing your life. You are required to
It’s true that a lot of youths are graduating out of colleges and universities each year but still there are no jobs for them. Most of them sometimes end up being criminals as this is the only way they can think of to earn something for themselves. But, if you find yourself in this situation and you are smart enough, what would you do? Well, why don’t you try forex trading? This is one way of earning some cash and a very exciting one too. What would you think when you first hear
Speed is one of the most critical aspects any WordPress owner should be concerned or rather worried about. Slow page loads can influence a site’s performance right from the amount of traffic, to bounce and conversion rates all through to user satisfaction and profit margins. No one has all the time in the world to wait for a site to load for 30 seconds or so. And the current statistics about page load times and user behavior are mind-boggling. Do You Want To Know Why Your Site Speed Is
In this article, we explain the importance of creating customer surveys - and doing so in a way that maximizes the value of each response received. We then dive into a discussion of the main things to think about when choosing a survey software for your organization. Throughout the article, we discuss the differences between survey software and customer satisfaction software, and provide real-world examples of some of the major factors we touch on. No matter what industry your company
If you are a Facilities or Maintenance Manager, you probably have questions or reservations about your current CMMS software, especially if it doesn’t perform as well as you think it should. Is your CMMS software serving you adequately or leaving you short-changed? Are you struggling to keep on top of maintenance activities, assign jobs to maintenance staff and maintaining visibility of equipment performance? If your CMMS software is a hindrance more than useful tool, maybe it’s time
There are numerous content management systems out there. Depending on the needs, the choice for a good CMS can be easy to make or veey difficult. Each system on the market is designed with a clear focus. Some systems might thus have some inadequacies when it comes to handling specific tasks. In general, though, most CMS platforms come with the basic features that are required to run a simple blog. The number of Content Management Systems that can handle complex websites is not big though. The
It’s surprising how little attention corporations pay to the protection of sensitive documents that may inadvertently or deliberately be shared without consent. In fact, a February 2011 survey of 200 IT and security professionals revealed that 65% of the survey participants were unaware of how their business data was being shared or distributed. Yet, enterprise and economic espionage have triggered huge losses (estimated from $2 billion to $400 billion or more a year), a lot of which were due
Making corporate donations, or creating a platform which enables you to contribute towards charitable giving, is a superb way to munificently aid worthy charities that are important to you, your employees & colleagues and most importantly, your customers/clients. According to Giving USA 2017: The Annual Report on Philanthropy for the Year 2016, US-based individuals, foundations, estates and corporations contributed an estimated $390.05 billion to American charities in 2016. This
As a business owner, you have to maximise all tools and platforms at your disposal in order to improve. Don’t pretend that you know everything or say that things are moving as planned. Whenever there is an opportunity to make things faster and easier, grab that chance. There are a lot of ways in which you can get help from others. Every aspect of your business is not easy to deal with. By getting help, things will be expedited and productivity increases. Use software
You must have heard this quite a few times that 80% sales come from 20% of your existing customers. These are the golden words of B2B marketing (and also B2C). The only difference between these two is that B2B marketing involves a longer sales cycle which in-turn requires much more focus on retaining existing customers. B2C brands also focus on customer retention, but their sales cycles are very short. For example, an eCommerce platform will showcase relevant ads of their products to a lead.