Big or small, simple or complicated, no business or business owner gets excited at the thought of being audited. One way to lower the pain of a company audit is to prepare ahead of time and the key to doing so is to have the right accounting and tax software in place.
How does having the right software help?
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If you’ve ever had to use a purely manual process, you understand why the phrase “work smarter not harder” is so popular.
Manual processes are often inefficient, redundant, and fraught with opportunities for error. That’s not a winning combination.
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So, you’ve taken on the lead system implementation role, and finally your retail business has made the decision to make the leap to a more robust cloud-based point of sale system. Everyone is excited about the move, but hold on, are you missing something —how sure are you that the new application will play nice in the sandbox with your other applications?
Sounds funny right? But it’s unlikely anyone will get a chuckle out of a scenario where employees are left dealing with incorrect data or orphaned records passed from one system to another…if passed along at all.
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My father bought a lottery ticket every Thursday. Each week he told my sisters and me the same thing, “If I win, I’m still going to work tomorrow.”
Frankly, I used to think he was nuts, but many years later, I finally understood the message behind that statement: my dad didn’t work for money alone — his job gave him purpose.
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While many businesses adopt cloud-based services as a cost cutting measure, implementing SaaS solutions must fit both your budget and your goals.
The decision to take on new SaaS expenses typically fall into a few categories. Often, the solution is:
With intermittent outages a fact of life in the Internet fast lane, you need to think “contingency plans” when beefing up on online services like workforce scheduling. After all, every manager wants their employees to show up on time for work, or at least know who’s on that day.
Internet Outages? Remember the Salesforce.com outage in May? Or how about Google Drive and Google Docs hiccup outage last November? And, of course, there is always the potential your own Internet connection will go down.
Dear current accounting software solution,
Read MoreThough we’ve been together for a long time, it’s time to break up. I’ve grown while you’ve stayed the same sweet little program you always were. That’s right: it’s not you, it’s me.
Consider this: by 2020, half of all people may be working remotely, a dramatic shift that will affect both NewCos and BigCos alike.
While employees everywhere may cheer, this statistic is likely less appealing to managers who worry that they’ll need to learn a whole new set of skills.
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So you’re considering quitting the rat race and becoming an entrepreneur — congratulations.
Whether you’re working on a killer startup with a few pals or embarking on a career of self-employment, you’re about to discover what life is like when you have maximal control.
Read MoreWe are living in an entrepreneurial renaissance. Every day, thousands of creative business people bring new solutions to market, addressing an ever expanding set of problems and opportunities. Incumbent businesses can either view these insurgents as competitive threats, or they can view entrepreneurs as outsourced R&D.
But outsourcing R&D only works as a corporate strategy if an incumbent company can truly recapture that innovation. Very few BigCos are really good at finding nimble ways to recapture innovation. Those that fail will be left to fend off a whole host of new competitors. Here are a few ways to integrate corporate R&D and the startup ecosystem:
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