The Accounting Software Library (TAL) is a tool designed to help you select accounting software that is appropriate for your organizations needs. You enter your software requirements into the program, and it analyzes the more than 110 accounting software products in its database, comparing them against your requirements.
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Those who have gone through the implementation of an enterprise resource planning (ERP) system know how complex, difficult, slow, and costly the process can be.
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What business technology trend are you most looking forward to this year? Do you have your eye on any business technology in particular, or are you waiting to see the trends in action before making any decisions?
Looking at Cloud Based ERP, you may be wondering if it is right for you. So let's see if we can clarify some things for you. The implementation of a cloud-based ERP has become a means to increase a business's growth in revenue and reduce operating costs.
Continuing my blog regarding Cloud Security Myths, we now reveal the next 4:
- Myth: The cloud is bad for the environment
This myth has been perpetuated by Greenpeace campaigns and stories such as the New York Times’ “cloud factories” series, which stated that the “foundation of the information industry is sharply at odds with its image of sleek efficiency and environmental friendliness.”
Project management is the process of ensuring project objectives are met using the application of processes, methods, and skills. More and more companies are investing into project management and are seeing the benefit of it. This results in higher efficiency, lowered costs, and higher client and stakeholder satisfaction, which brings any business at a competitive advantage.
There are five basic phases of project management:
- Project conception and initiation: Examine whether or not it benefits the organization.
- Project defining and planning: Draft out an outline of the project plan and beginning stages of planning by calculating budgets and schedules and what resources are needed.
- Project launch or execution: Responsibilities are delegated and teams are informed.
- Project performance and control: Comparing progress to the outlined plan in phase 2, and adjust schedules accordingly.
- Project close:
The project manager is responsible to ensure quality standards are met in every step before moving on to the next step. This ensures that the project is kept on track every step of the way and will result in a successful implementation of the project.
Project management is increasingly important as projects are separate to usual business activities. Projects usually require people to come together temporarily to focus on project objectives, therefore, effective teamwork is needed to ensure the project is successful. The most important factor from project management is being able to streamline delivery process and cutting costs. If a project has gone sideways, it may cost more to the business to try to fix the issues that have gone wrong which may be avoided in the first place with project management practices in place. As stated in “In State of the PMO 2010”, 84 percent of the 291 project professionals responding stated that their companies have a project management department and has been demonstrating steady growth from 77 percent in 2006 and 47 percent in 2000.
Project management has a proven track record of being beneficial to the success of every project and should be measured by defining the business value of each project in measurable terms for each stage. Being able to put value into measurable terms will help the team focus on the end goals and also indicates to them if they’re on the right track. Value in every project is different, so the goal of the project manager is to identify these values and make them measurable. Examples of measurable values may include factors such as budget or completing the project on time. However, it should be consistent with industry standards and practices. Therefore, project managers should be able to streamline efficiency using their industry knowledge as well as identifying measurable results that are inline with business values.
Nobody knows your business better than you. BAASS Business Solutions works in unison with YOU to achieve your goals on every project and will ensure that your project is effectively managed and therefore ensures its success. Ask BAASS about your project management options on your next project or Contact us today for more information.
Continuing my previous blog regarding cloud security myths we start with the next myth on the list:
Myth: Cloud Security is a New Challenge
The truth is cloud security isn’t new, it’s not even unique. “Security concerns are really independent of the cloud”. They’re just an extension of what's being dealt with in the physical infrastructure.
When it comes to business valuation, knowing what your assets are will enable you to firmly determine what your current financial position is. While most assets you'll be accounting for are liquid assets, in other words, assets you'll be selling to customers or will be involved in your cash flow accounting, other assets are accounted for differently.
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