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  Cloud technology has opened up new avenues in which businesses deploy enterprise systems, as procurement enables a new level of communication and collaboration that empowers e-procurement innovations in sourcing, supplier management, and the entire purchase-to-pay process.   A well-designed cloud-based system provides new flexibilities that enable businesses to enhance business practices in a much more seamless way that moves them steadily through the journey to better control business systems. Nowadays, ERP tools are not only advanced but complex to work with, as they mostly complicate the process of comparing ERP data with that of non-ERP ones. As cloud technologies are integrated within this procurement software, it has not only become complex in its structure, but interfaces are simultaneously combined with systematic platforms, as this procurement software can easily be purchased at an affordable price rather than creating them. Even the smallest of tasks, such as p...

  Inventory is one of the most crucial and important components in retail and wholesale businesses. Poor inventory management leads to stockouts, shipment delays, customer dissatisfaction, and eventually financial loss.   However, what is a poor order management service like? Following are the seven common mistakes made by retailers and wholesalers.           Conducting inventory counts once a year          Holding off too much Inventory           Using manual techniques           Not keeping your storage space organized           Not training your staff properly           Not enough of a game plan for the future           Not using good vendors ·         Conducting inventory counts once a year Performing inventory counts once a year isn’t effecti...

  In an era of pandemics like COVID-19, this year has been different from the past. Storefronts went digital, kitchen tables turned into conference rooms, and how we live, work, and shop has turned upside down. What hasn’t changed totally for businesses is outstanding customer engagement. According to the current scenario, 80 percent of consumers revealed that both the businessmen and their client experience remain as important as their products. How to deliver those differentiated customer support services transformed as life moved online and economic uncertainty moved in. The latest customer report, according to Forbes, indicates that 15,000 consumers and business buyers provide invaluable insights for business leaders navigating their paths back to growth. To take the discussion deep, some of the pointers that came to mind that can increase customer interactions are as follows:. Earning trust pays dividends. Empathetic, unified teams build differentiated engagement.   Corpo...

  Generation Z is made up of people who were born after 1995. They are the first generation of their own kind. They have grown up with laptops, smartphones, and the internet. As the oldest members of Gen Z are reaching the age of college, paying attention to them becomes a significant responsibility of their parents. Now the main concern regarding this generation Z people is how they think about money and their financial literacy. Thus, banks around them are trying to make connections with this generation of people. Recessions, the housing bubble burst, and seeing millennials struggling with college and various other kinds of financial debt have influenced these people. As a result, financial literacy is very important for people in this generation. According to the latest study by Raddon, it has been significantly found that around 2/3 rd of a group of 2500 teens have already opened up a savings bank account. More than 3x generation Z people have already taken up financial litera...

  It was on August 27th, 2017 that the UAE government first introduced its Value Added Tax Decree Law. It is believed that on January 1, 2018, indirect taxes were introduced in the UAE. The standard value-added tax rate will be 5 percent, with a nil rate for certain essential items. Analysts across the globe predicted that the purchasing power of commoners had gone down due to the introduction of indirect tax regulation. The value-added service rate of five percent imposed on goods and services is considered one of the lowest tax rates across the globe. The introduction of Vat across the UAE shook all the businessmen right at the beginning of the New Year 2018. They were frightened due to the fact that the government will impose strict law and order in terms of VAT compliance and financial transparency across the commercial sector. It has become mandatory for businessmen to learn about the application of VAT to their respective business activities and transactions. The ...

Are you an IT professional who has been in the industry for a longlong period of time? If so! Then you are the best person in the business who knows the responsibility of managing end points like workstations and laptops. In the field of information technology,technology, it has become a prevalent thing that more often than not end users  lose their computers. This kind of thing happens when the end users of a particular company lose their official laptops while they are staying in a hotel or traveling by train to attend a business conference. The most  common thing that you might have noticed is when they are working from home and complaining to you about the sudden malfunction or breakdown of their laptops while working. Sometime, being scared, the end users try to hide the real problem and start producing false excuses, like it might be a faulty laptop that has been handed over to them by the company. There are some who address the real problem that they are fac...

With the advent of technology, a lot has been said about artificial intelligence. People can see wide applications of artificial intelligence in different industries like finance, education, transportation, security, and, to an extent, even the healthcare sector. The use of artificial intelligence in the healthcare sector has become more prevalent. It is used in diagnostics, research, and also in the sphere of new drug development. It is used in the image recognition of retinal scans just to detect the early signs of retinopathy and disease progression in diabetic and hypertensive patients. Sometimes AI as an aid is also used to recognize abnormalities in ECG tests, ultrasounds, CT scans, and MRI scans. In the field of pharmaceutical industries, AI is used to design new medicines for cancer treatment and the invention of other amazing drugs to cure various kinds of difficult heart diseases. When it comes to the healthcare sector, the application of AI is restricted to the p...