Internal Audit was originally conceived as a way of protecting and preserving business assets and function as well as ensuring compliance with standard regulations; now its importance has expanded to being used as a parameter to drive business change and add business value. The maintainance of internal audit is evolving into a distinct area of […]
Record to Report (R2R) forms an important aspect of the Finance and Accounting process. It provides the necessary insights on the strategic, operational and financial facets which gives an in-depth idea of an organization’s performance. It involves complex processes of gathering, converting and supplying information to stakeholders who want to know if their expectations have […]
Irrespective of the customer’s location, call centers play an important role in delivering reliable customer experience on a daily basis. Different call centers have their own unique goals that have to be met but at the end of the day it all boils down to providing quality service to the customers. Industry surveys have indicated […]
Companies are always on the lookout for effective methods of increasing their sales volume without actually having to increase their budget for marketing. Consumers too are reducing their spending which is making it tough for companies to increase their average order size. In these pressing circumstances, companies should consider incorporating cross-selling and up-selling strategies, which […]
Efficient management of cash flow is one of the key stepping-stones for the success of a business enterprise. A smooth and uninterrupted cash flow is what ensures on-time payments for the company’s employees, suppliers, owners, vendors and thus, the viability of the business. Therefore, a robust system needs to be in place to ensure that […]
With continuing path-breaking advancements in information technology, majority of data in today’s world is stored and transferred in the form of document files, .PDF files, electronic-forms, codes, mails, web-content etc. However, a significant amount of data continues to accumulate in the form of manually filled forms, written documents, letters etc. In such a scenario, where […]
According to the ‘JD Power 2014 US Retail Banking Satisfaction Study’1 released in May 2014, customer satisfaction with banks is at a record high, increasing to 785 this year as compared to 763 in 2013. This is attributed to banks making an effort to improve experiences for customers, reduce their problems and create an understanding […]
8 Retail Marketing Trends in US: Ideas, Strategies & Stats
Inspite of the extreme weather conditions witnessed in February around the country, retail sales in the US grew by a seasonally adjusted 0.3%, reported USA Today. With anticipations of a better pace of job growth, personal and household income is expected to increase, fuelling consumer spending further. 2014 will see a 4.1% increase in […]
Tips & Advice for Buying Right Business Document Scanners
No matter what the size of an organization, a scanner in the office is a useful tool. From small assets like business cards to critical essentials like tax records, scanners enable the conversion of paper documents into electronic format and pave the way for going paperless. According to a white paper titled ‘Scanning Brings Cost […]
