Telecom companies today depend on third-parties to help run their operations. One corporation may have a long list of suppliers on its payroll. Alliances, partnerships, and other relationships can also make part of the business. Granted, they contribute to the success of entities. The only thing that does not work is that they can put the firm at risk for one reason or the other.
Thankfully, extended enterprise risk management (EERM) exists to help reduce the problems that a company can face with third parties. This implies that it is vital even for new business persons looking for telecom business for sale not to start any operations without thinking of implementing an excellent risk management program. There are various reasons EERM is vital for telecom firms and some of them are discussed below.
It Helps Businesses to Have Better Risk Cultures
A business that understands the types of risks it can face from outside forces naturally has better ways of mitigating these tragic events. Ultimately, this can result in reduced volatility giving the establishment a great competitive edge. Preparing well in advance for future risks can help minimize business interruptions, so that everything falls in place as it should.
Enables Investors to Treat Risk as Opportunities
Extended enterprise risk management matters to businesses because it looks at risks in a holistic manner. Businesspersons can view risks in another way as opportunities to go a step further. Investors get to know how to position themselves best to take advantage of market opportunities.
EERM ensures that you are ready for any risks that may come your way. Seeing the risks coming in way before means that you will not blindly walk into a regrettable situation. This ensures that you are always a step ahead in regards to tracking risks that may crop up in the future. As a result, it becomes easier to develop workable strategies making certain your business will not be affected too much on the negative side.
Enhanced Risk Reporting
Another reason it is important for telecom companies to implement extended enterprise risk management strategies is the fact that it helps to support better risk reporting measures. EERM supports more effective reporting, structure, and analysis of third-party risks. This way, a company can have standardized reports that executives and directors can use to come up with improved ways on how to handle these risks. The leadership can identify the areas of business that are more prone to risk. The reports can also help leaders to have a better understanding of risk thresholds, tolerances, and appetite.
Offers Framework for Evaluating Risk
EERM comes in handy when it comes to developing indicators that assist in detecting risk events that can attack an entity in the future. This is beneficial because it makes it possible for the parties involved to offer early warnings. Extended enterprise risk management also offers a more comprehensive viewpoint on different types of risks so that they are handled in the proper way should the risks ever arise.
Better Use of Resources
In an establishment that does not have ERM, you may find that many people have to involve themselves in the process of reporting and managing risks. In most cases, it may not be necessary and a firm may end up wasting resources on this matter. Extended enterprise risk management programs assist a company in regards to enhancing the tools and framework that are used to perform risk management. Note that this does not do away with day to day risk management. It, however, gets rid of redundant processes by making certain that the proper amount of resources are employed to handle risk.
AnyTrans by iMobie promises to be the only cloud management solution that you will ever need, but what is it exactly that they are offering which makes it so great? Or is it all just marketing? Let's find out in this overview of the AnyTrans cloud management software.
Easier and Faster Cloud Migration
Just like the name suggests, AnyTrans allows its users to transfer files from one cloud storage service to another seamlessly and without having to go through multiple time-consuming steps. You can move everything at once or just the files you need; it's all up to you because AnyTrans allows both options at high speeds.
Faster Upload Speed and Reduced Download Times
AnyTrans automatically makes the user's download and upload operations faster with the help of multithread technology, even when downloading or uploading in bulk. The software achieves this by maximizing the available bandwidth on your internet connection and this remains effective even when you are using multiple cloud drives at once for your download and upload operations.
Manage All Your Cloud Accounts from One Place
Even the most basic cloud users at least have two to three accounts spread out over multiple services such as Google Drive and Microsoft OneDrive to name a few. Now, it often becomes challenging to manage all your data since each service requires a different login id to access your account on their site. AnyTrans is the perfect solution here because once you link your accounts with the software, you won't have to log in separately into each service again. It will act as the central hub for all your cloud storage services.
While all cloud storage options offer sharing services, what makes AnyTrans perfect is the fact that you can use it to share any file you like from any of the linked cloud storage accounts, without having to log in and go through each interfaces separately. Sharing options include social media sites like Facebook, Twitter and Google+, or just link sharing via email or supported instant messengers. An important part of the service that AnyTrans offers is whether you are accessing, storing, downloading or sharing data from the software, everything remains private and only accessible to you.
The bottom line is that if you are someone who uses multiple cloud storage services, you are definitely going to be more productive with AnyTrans by iMobie because it makes managing everything simpler. The software is available for both Windows and macOS for download, so do try out the pre-release version. You can even access it from any web browser on any mobile phone, tablet or computer.
Human Resources (HR) management software can perform many different HR functions, including but not limited to storing employee data, managing payroll, recruitment, benefits administration, time and attendance, employee performance management and tracking competency and training records. Essentially, this software streamlines the entire HR process into one easy-to-manage digital dashboard.
Small businesses are arguably the backbone of the economy. However, many small business owners may find themselves spending the first several months (or even years!) of operation working out the kinks in everyday processes. Specifically, while the HR department is a vital component of many companies, some small businesses may not have the funds to hire enough employees to complete essential HR tasks. Owners then get bogged down in legal paperwork for their employees, when they should be free to innovate, market and grow their business. Fortunately, HR management software can reduce the amount of labor required for HR tasks, or at least allow employees to complete these tasks more efficiently.
How Does HR Management Software Help Small Businesses?
Simply put, HR management software for small businesses saves time and money. This software can perform a multitude of tasks that would normally take a department of several people to manage efficiently.
For example, many HR management software programs offer automated payroll, populating and maintaining personnel records, and company benefits management, which are vital functions to any company large or small. These processes can be handled in just a few quick clicks. Not to mention, employees can fill out their paperwork and submit it digitally to a system that organizes and updates when needed. Easy interaction with pretty much a "set it and forget it" ability. Business owners can also run this program in little to no time once a day or even a week and then focus on other responsibilities.
Additionally, this software provides talent management services for identifying potential applicants, mass-producing job listings on several digital platforms, analyzing applicants' capabilities and providing data analysis on the hiring process to improve it for the future. These convenient features take the headache out of finding the right candidates for any small business.
Finally, HR management software places all HR information - whether it is for record and legal documents or important employee information - in one place so that it can be accessed on any device anywhere. That way, employees can locate essential documents whenever they need to. Employers can also share important information without having to bombard all employees with emails, and employees can access that information without first having to navigate several complicated channels. Likewise, employees can track any claims they have, providing transparency and confidence in the HR process.
Don't Miss Out on the Benefits of HR Management Software for Small Businesses
As a small business owner, minimizing your HR department's everyday workload is invaluable. This type of software can do just that. Finding the right software can be overwhelming; however, if you research thoroughly, you are sure to find a program that perfectly matches your business needs.
We reported before that Google is working on a major update to its Google Chrome browser for Desktop. Now, Google has released Chrome 45 for desktop, which is now available to download on PC, Mac, and Linux. The biggest change in this update is improved RAM management, which reduces the memory usage of idle tabs in the background.
Chrome can now check on tabs in the background and can tell if there is no activity on them for a while. It will then aggressively clear unused memory to reduce the memory footprint of those tabs. Google claims it can free up about 10% memory on an average and as much as a quarter for sites like Gmail, which will get you to notice a major performance improvements.
However, You won't lose your current status, Chrome will also intelligently restore your tabs upon relaunch, if you use that feature. Chrome for Desktop v45 is now available to download using the link below.
Project management is not a straightforward undertaking. Project managers have to deal with a number of stakeholders and contributors, interact with clients, and engage in delegation that enables them and their team to function with efficiency and beat project deadlines.
Managing complex projects with multiple variables that involve even more contributors cannot be done without a set project management approach.
Choosing a project management methodology will enable project managers and contributors to work in tandem, as they will be aware of the process and workflows involved within the methodology or approach being used for the management of the project.
It is no secret that choosing the right project management methodology can prove to be extremely beneficial for any organisation. On the other hand, choosing the wrong methodology can prove to be an expensive mistake that can compromise your team's and organisation's ability to complete the project on time.
The Challenge With Selecting The Right Methodology For Project Management
The complex part about choosing the right methodology is that there is no one-size-fits-all methodology that you can use for any and all projects.
Since each project is (usually) different in nature, the methodology used may also be different for each project. Think about it, each project has its own set of deliverables, deadlines, contributors, technologies, objectives, and stakeholders.
With so many variables, finding one approach that satisfies the needs of all sorts of projects is not feasible.
Besides this, the availability of technology and the technical expertise of your team also matters. For instance, if you are using a free project management software, you must first ensure that it supports the charts, graphs, or any other management tools that your selected project management methodology demands.
Similarly, if these management features or tools require the users to be technically adept, you may also want to consider the technical capabilities of your team while selecting the project management methodology for your project.
In other words, choosing the right project management methodology depends on a myriad of internal and external factors.
Selecting A Project Management Methodology
Clearly, with so many variables affecting your decision, you need a process that enables you to select the right project management methodology.
While the process employed for this purpose may vary for different organisations and project managers, there are certain considerations and steps that are common in all such processes. These are:
Analysing the internal and external variables that will affect the choice of project management methodology. These may include project objectives, the nature of the project, client preferences, contributors, timelines, and any other factors that you may find relevant to this decision.
Determining which project management methodology will align best with your project's goals and timelines will require you to consider the pros and cons of all relevant methodologies. Consider each methodology individually and think about how it will influence the outcomes of the project. The objective here is to find a project management methodology that will produce the best efficiency with the least amount of risk.
Implementing the methodology chosen in the previous step will allow you to test your hypothesis. Remember, even at this point, it is alright to pivot your project management methodology. In fact, this is our next step.
Measure results after you have implemented the methodology of your choice. See how it is affecting the productivity, analyse if your project is progressing as it should. It is also a good idea to take feedback from your team members.
Optimise based on the intelligence gathered in the previous step.
The above-mentioned steps are a great starting point for selecting the right project management methodology. Keep in mind that the process of selecting a project management methodology is a continuous one. In many projects, different methodologies work best at different stages of the project.
In this modern-day and age, there are already several technological innovations that streamline several processes through automation. For instance, in any business, the use of financial management apps enable efficient cash flow monitoring, as well as billing and invoicing. Individuals can also leverage on these financial management apps to manage their investment portfolio or even their day-to-day budget. In line with this, below are some of the financial management apps that you need to check out.
Financial Planning Software
One of the financial management apps that you need to check out is financial planning software. With these apps, you will have the capability to simplify your online banking into a consolidated login location. Most financial planning apps also feature a notification system that sends out reminders about your payment deadlines. The best ones even help you find ways to get out of your debt while assisting you to build on your savings and investments.
An expense management app is usually utilized by businesses to keep track of the amount of money they spend on their overhead costs. It is often the case that an expense tracker app comes with a reporting feature that will allow you to have a good insight into your expenses in an instant. The data used to generate these reports come from the automatically recorded information about the expenses that the business incurred.
Tax management apps are great to aid you in a seamless filing of your tax dues. More often than not, these apps come with an expense tracker that monitors your purchases for any write-offs that you may have missed. When the tax time comes, you can file directly through the app or simply export your details for direct filing. Tax management apps are perfect for freelancers because these can act as their bookkeeper.
Investment management apps will help you track and sort out your investment accounts to maintain your portfolio. Some consolidate your information into a single dashboard that will provide you with a real-time view of your assets, such as your stock investments or mutual funds, to name a few. Some of the best investment management apps even provide a regular summary of your account performance, as well as any news that may have an impact on your portfolio. Because of this, you will be able to optimize your returns and even consider automated investing.
Cash Flow Software
A cash flow software will help you manage your incoming and outgoing funds, allowing you to develop a strategy on how you will be able to maintain positive cash flow. These apps can also help you forecast your future cash flow based on your historical financial data. More often than not, these apps are used in conjunction with budgeting and forecasting software, as well as the invoice management software. A cash flow management software proves to be beneficial for businesses with several suppliers, projects, as well as payment categories.
Billing and Invoicing
Billing and invoicing apps pave the way for businesses to automate the process of producing invoices and receiving payments from their clients and customers. Freelancers can also leverage this app to ensure that they are receiving a complete payment on time. Some of these apps come with unlimited free quotes, while others support online payment gateways as well. Some even come with a time tracking feature shown in an interactive dashboard that makes it easy for you to have a good idea about your billing and invoicing status.
Payroll software is essential even for small businesses to ensure that they pay their staff diligently on time. With this app, payroll processes such as payment calculations, withholding tax deductions, as well as benefit computations are automated. Some can even be integrated with banks or other payment gateways to ensure that the money is timely deposited into the accounts of your staff. Compared to a paper-based system, the payroll system becomes more efficient with payroll software.
In conclusion, leverage on technological innovations such as financial management apps to streamline how you handle your finances, regardless of whether you intend to use it for personal purposes or your business. For sure, you will be able to find the app that you need to suit a particular purpose, such as tracking your expenses, making sure your taxes are paid, or managing your investments. Rest assured that it will take you no time to learn how you will be able to use these apps to your advantage because, more often than not, these are intuitive and easy to understand.