Usually, the term ‘project management’ is supposed to have a huge number of challenges for keeping each project on track and under budget. A single mistake in the framework of your project management life cycle can lead to major loses for your conglomerate. There are numerous factors, which should be considered to speed up your project’s work-flow. If they are considered seriously, then they can lead to customer satisfaction as well as better profit margins too. So, here are some of the tips and tricks that can be followed to ensure smooth delivery of your projects:

 

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Creating a paperless office environment could be a reality now with new technological developments emerging before us. It not only does good to our environment, but can save huge paper and printing costs as well.

So, how can you cut down your office expenses by going paperless and reducing your environmental footprints as well? Here are the five technologies to look for:

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Managing project budget and keeping it within the specified limits is the ultimate goal that any project manager would always want to achieve for sure. The challenge of keeping the project budget at a manageable level can be met effectively with the help of some helpful tips. Read More

Undoubtedly, business management is a difficult task and those who are successful in managing that, always stand in front as commercial leads. Supply chain management (SCM) is one of the major parts of business management that is supposed to be performed with perfection. Nothing in the business will operate well if management neglects the SCM part. In order to ease supply chain management, various SCM software suppliers have introduced different applications to regulate and monitor business activities. Read More

Investment in cloud based service has doubled since 2009 wherein 50% plus of cloud investments are for applications. This has resulted in more than 25% of the software market becoming SaaS based. And a majority of them are CRMs. The top 5 players are featured below: Read More

Electronic invoicing or e-invoicing is widely getting acceptance across industries because of a number of reasons. From saving cost and time to its eco-friendly features are behind its prevalent use that is growing rapidly. Electronic invoicing automates the complete billing process, bringing in several types of operational benefits for a business. It reduces costs and helps in improving the overall business efficiency. The use of an electronic invoice system is also important from an environmental perspective. A paper-based invoice system may consume significant amount of paper annually in any organization. By implementing an e-invoice system, we can save thousands of trees every year. Read More

Tracking expenses could be really important for you, if you bill your clients on the basis of the total expenses incurred in order to complete a project. From a consulting company to an individual consultant, online expense tracking often becomes a necessary requirement to calculate the total project cost and raise an invoice to receive payment from clients.
So, you need to track expenses efficiently without committing any error. However, calculating all expenses manually may prove a cumbersome and tiresome task. And at the same time, you may fail to include all labor costs and that may result in losses. Manual expense tracking could be a time-consuming and error-prone process and you can hardly rely on it when you don’t want to delay the billing and payment process. Read More

Purchase of one organization is the sale for another. A single transaction is recorded differently in general records of two different companies. Accounts payable is recorded as the AP record for approved invoice for transactions in which the company has to pay money to service provider or vendors for purchase of goods. Accounts Receivables or AR, on the other hand are the records of money that a company owes as cost of any service. On the balance sheet of a company, the accounts payable are managed as recorded liabilities and the receivables are recorded as the assets owed by customers.

 
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As Supply Chain Management is becoming more and more market driven, SCM software developers are developing strategies and systems to cater to this dynamic paradigm shift in the market. The new supply chain management systems are slated to become more strategic, adaptive and competitive in nature. Moreover, supply chain management software market continues to be the driving force behind businesses achieving their goals and sales objectives. In fact, in the year 2013, the SCM software market saw a tremendous spike of about 7.3% and saw an overall growth to $8.9 billion.

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Every B2B purchase transaction begins with a Purchase Order. In general, Purchase Orders tend to be standard for a business organization across its various business transactions. Computerization and IT has made Purchase Order creation a simple task as there are a host of software that can generate different types of Purchase Orders and in formats including digital. However the choice of the format depends on the business requirements involved in the trade.

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