How To Operate Your Business Successfully even during COVID-19 with all in one software
COVID-19 has disrupted businesses across the globe. Pulling out of this economic fallout will be tough, especially for smaller organizations that will have to change the way they operate on a day-to-day basis. KPI is all-in-one software to support companies with performance management and other data management requirements. Our tools and services will help you …
How bots are revolutionising customer service
Customer service has come a long way in the past couple of decades. Today, you’re more likely to come across a chat bot than you are an actual human being. However, this shouldn’t be a problem because customers love artificial intelligence. In fact, AI is revolutionising customer service through the likes of chat bots on …
Overview of leading project management philosophies and methodologies
Whether it’s developing a service, designing a product, or creating a commercial strategy, managing your business projects like these most appropriately is essential. Deploying the right project management solution will provide reliable foundations for the project, leading to faster progress and better final outcomes. Several philosophies and methodologies can be implemented to manage the project. …
Complete guide to customer relationship management software
Customer relationship management (CRM) is a software application for running an organization’s relationships and communications with leads and customers. It promotes sales, marketing, and customer services, delivers insights, and fosters team communication. Without CRM, all this data will go into analog or independent media such as notebooks or laptops or will even stay in people’s …
Core elements of human resource management system
HR framework The ultimate objective of human resource management involves integrating all programs and policies related to the business of managing employees within the framework of a firm’s strategy. Strategic human resource management relates to the development of a consistent set of practices, policies, and codes of conduct to facilitate translating the business targets into …
Basic frameworks for accounting and bookkeeping
If you’ve ever been in business then you know at least something about accounting and bookkeeping. The finance department within any organization keeps money in order through the booking and reporting of transactions and tracking the flow of cash. Within the accounting world there are many frameworks, rules, regulations and practices, some of which we …
What are the most popular sources of financing for SMEs
Boost your business with SME financing Money is to a business as oxygen is to a human, without their respective items each will cease to exist. That being said, there are many different routes taken for a small or medium enterprise to raise capital or find financing for something as simple as painting the officer …
What to Keep in an Employee’s File and What Not to
If a company is a sailing ship, then the employees are hands on the deck without which, the ship would wander aimlessly and eventually sink. That is a small example to give you an idea as to the true importance of employees in a company. Just as important the employees are, so are their important …
Closing the Books Each Month for Small Business
Small businessman tends to have multiple things to cover as they do all the business decisions and work all along by themselves. This left the bookkeeping procedures usually not done or not updated regularly. This has been a major problem in small businesses. This can be solved by hiring a bookkeeper professional or doing it …
Do Your Accounts Reconciliation Weekly
We’ve all been there, unable to locate a certain transaction or unearthing a discrepancy in numbers. With the growth of technology in business, we now have software that can aid in the reconciliation process. Some may even go as far as doing portions of it for you. Regardless of your processes, reconciliation on a weekly …
Hiring a Virtual Assistant for Bookkeeping
Bookkeeping is easily one of the top priorities of a company. You want to ensure what is brought in is necessary and beneficial, while monitoring expenses so they stay in line with forecasts. Running a business takes a large amount of time and many individuals underestimate that number. As a consequence, you may skip documenting …
Knowing Tax Deadlines
In personal finance, there is typically on deadline everyone is aware of, and that is the last day to file taxes. Beyond that, individuals must file for an extension or they will be penalized via fines. Switching over to the business realm, there are more rules and regulation surrounding finances. Unlike personal taxes that are …
The Challenges of Software Integration
Have you ever tried to open a file that someone shared with you and it wouldn’t open? Switching screens between the applications trying to view and edit data? These dreaded situations are examples of a lack of something called software integration. When your business software is well integrated, documents, data and transactions pass seamlessly from …
Categorizing Expenses
Organization is critical to any business, especially when it comes to finances and more specifically your expenses. Often, you’ll see individuals purchase items on a credit card and that’s the last they see of that transaction until tax season rolls around. At that point, they begin frantically looking for receipts and proof of purchases. Expenses …
Separate Your Personal and Business Bank Accounts
Congratulations! You’ve started your business and it’s up and running. Now that the wheels are moving, focusing on finances and how to organize them are key. Too often, individuals take the simple route of using personal accounts for business purposes. While this may limit costs and reduce fees, mixing personal and business assets may cause …