5 Advantages of Technology for Non-profits and NGOs
Non-profits and Non-Governmental Organizations (NGOs)are increasingly looking for ways to improve services provided as well as creating an impact in their society. Seeking to grow and expand, these organizations have taken a cue from the for-profit corporations with the goal of achieving comparable efficiency gains, thereby supporting the growth of their mission. Donors want non-profits […]
Monetize your Overstocks with NetSuite Inventory Management
This blog will describe how a digital transformation with the Oracle NetSuite Enterprise Resource Planning (ERP) software reduces costs associated with inventory overstocks and stockouts. In addition to explaining the factors that favorably support this reduction in costs, it will describe a low risk way to begin a digital transformation with the Oracle NetSuite ERP. […]
How A Modern Education ERP Reduces Costs
Educational institutions around the world often have limited budgets, spending only after careful deliberation. Prioritizing the teaching process first, investing in systems to support their school or university takes a back seat. In fact, many organizations make little or no investments in technology due to concerns about its cost. Unfortunately, many of them are missing […]
7 Must-Have Features for a Food & Beverage ERP system
The food and beverage industry is highly competitive. Food and beverage businesses must remain agile and leverage innovation to meet customer expectations and stay relevant in the industry. An Enterprise Resource Planning system designed specifically for food and beverage companies can increase the odds the company not only achieves these goals but thrives as well. […]
How the CFO defines their role in Technology Decision Making
Historically, a CFO focuses on compliance, reporting, cash flow management, budgeting, and similar internal aspects of the organization. However, with technology impacting more business functions, CFO roles and responsibilities are changing too. A CFO has to play an essential role in technological decisions, as they impact the business’ bottom line. The CFO is no longer […]
The Top 5 Accounting Challenges of International Expansion
Businesses expand globally to increase their revenues and profits. Digital transformations, necessary to keep pace with rapidly changing business environments, enable companies to successfully navigate their global expansion. However, international growth is a big step for any business, large or small, and it comes with its fair share of challenges. These challenges must be addressed […]
Financial Agility through AI Revolution
The pandemic ushered in business-wide digitization. Also, given the scarcity and resource crunch, it became essential to have financial agility in the system. Companies turned to technology to help them track, manage, and control their finances effectively. Hence, from now on it would be advisable for companies to look for future-ready solutions. Artificial Intelligence-based or […]
Building an Effective and Efficient Sales Workforce in the New Normal
The pandemic has resulted in a seismic shift in the buying processes of companies. The customer experience across multiple touch points for various digital channels has replaced the in-person sales interactions. Sales professionals have to transform themselves and learn new skill sets to be effective and efficient in this scenario. Also, the digital way of […]
Managing your Supply Chain under the New Normal
The pandemic disrupted the global supply chain. China was the world’s manufacturing hub prior to the outbreak of CoVID-19. The virus outbreak and its subsequent spread has severely impacted the global supply chain exposing its many vulnerabilities and has had a massive economic impact. All businesses realized that a change in the supply chain processes […]
Bridging your heterogeneous applications for Fintech
Fintech companies use technology to streamline financial services by automating certain processes. Multiple technological applications help achieve this. For this to be successful, these different applications should be able to share data with each other. Let us understand this with the help of an example. Consider that a business uses a payment gateway to collect […]
Softype tips for streamlining the purchasing or procurement process
Procurement and purchasing are business-critical processes. A business can significantly enhance its bottom line by optimizing these processes. While many companies use the two terms interchangeably, purchasing is actually a subset of the entire procurement process. Procurement is a process that involves several of the following activities: identifying the need for materials sourcing materials managing […]