Streamlining and improving the efficiency of business operations is, perhaps, one of the most important tasks of management today. There is always room for improvement when it comes to the basic daily operations of a business and workflow and other automation software make this easier than ever before.(more…)
The accounts receivable department at any organization is responsible for some of the most important business functions: they manage the money that comes into a business or institution. Given the importance of this department within most organizations, it is strange to find out that this department is often lacking when it comes to using innovative new tools like automation.(more…)
The means by which organizations do their business has seen great evolution compared to a long time ago. Over time, newer and better techniques have come to be needed in order to cope with newer business demands.
With the rise of a company, its internal bureaucracy also grows stronger and bigger. When you work in a company of 3 people, you can simply tap Bruce Murdock (your manager) on the shoulder and ask him – “Could you sign up this contract”? But when Bruce has more than a thousand employees and each one taps him on the shoulder, we believe that Bruce’s business would get stuck. So, Bruce organizes his people in teams and departments, which is a normal process, and sets collaboration policies in order to make sure that they manage contract lifecycle effectively.
As an owner of a small or middle-size business, you will always make long-term and short-term goals. To assess your progress toward the achievement of those goals, you should use various types of KPIs . A KPI (Key performance Indicator) is used to track the success level of a contract or project. In addition, this benchmark can be used by each department within an organization. Maybe you are still asking this question: What is kpi? To understand more about this measurement tool, and how it is used to measure service delivery and projects, read on.
How many times during the day do we multitask? We are so used to multitasking that we most probably do not even count. The problem is that unstructured work on parallel tasks often brings significant productivity loss that effects on all our daily activities and results generally. Some of the negative consequences of multitasking are:
We live in a world where keeping track of everything is very important when minimizing costs, reducing employee turnover, and maximizing the customer experience. Resource management will help you do all of these things. The definition of resource management is broad and includes all of the information needed both to keep track of internal actions that are vital to the operation of the business and to run customer accounts. Let’s have a look on each part separately.(more…)