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.
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.
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.
We 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: