Collaborative Minds Blog

Collaborative Minds Blog - page 17


Carrying out a thorough and error-free payroll process is a legal requirement that all businesses should comply with. This is to make sure that employees’ W-4 forms are properly filled and that their taxes and retirement plan fees are accurately deducted. To certify that this runs properly, a company requires payroll management software. It will simplify payroll calculations and eliminate repeat jobs. (more…)

There are two entities that keep a business running smoothly. These are customers and suppliers. The problem that most entrepreneurs have is focusing too much on pleasing the customer. What they fail to realize is that suppliers are equally important. Without them the customer’s needs cannot be met. If you have been less professional with your suppliers, this is the best time to embrace change—automated invoice management. It is the only thing you require to improve your invoicing. Manual invoice management tends to be slow, erroneous, tedious and costly in the long run. In this era of technological development, you no longer need to do manual invoice processing.

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If you are unhappy with how your finance staff tackles budgeting, act on it now. Manual budgeting never ends well. In the long process of creating, disbursing, collecting and merging records, manually, errors and omissions do arise. These can be costly errors that could have an impact on overall business performance. Are you still using Excel spreadsheets? If so, you should shift to an advanced budget management method that could manage your spreadsheets more effectively. This will eradicate several challenges that your finance team has been facing. For instance, it will save time that gets wasted when your staff has to reorganize all invoices so they can have a similar format. As well, the amounts of emails and phone calls that were earlier exchanged to establish the status of every budgeting task will reduce.

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Does the idea of managing expenses for your employees seem overwhelming with managing details, going through piles of papers and analyzing facts and figures to find out which ones to process? Well, workflow tools like Comindware Tracker come handy for expense management.

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Stoneham, MA – May 3, 2017 – Comindware, a leading provider of Workflow Management Software, announces the availability of Comindware Tracker new version to further improve and enhance the low-code workflow management software it provides to its customers. Updated Comindware Tracker provides new features and further ease-of-use, focusing on improving access management and end user adoption. (more…)

Workflow management might have the illusion of an academic, MBA pedigreed, onerous philosophy requiring years of education to conquer and effectively disseminate to the workforce. Small and medium business managers may feel inadequate to get workflow definition clear and tackle such a lofty principle. However, you already manage workflows every day under the guise of accomplishing your daily work. The key is to become aware of how you step through your daily workflows and add in tools to help clarify and communicate.

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Timely decisions play a vital role in deciding the route for the success of an organization. However, the decision making workflow is often affected by inefficient practices and manual procedures for request-approval-implementation cycle.

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The organizations dealing in the financial sector such as banking and consumer finance need to skim through and manage critical data and monetary details every single day. They need to process the data and information at hand to manage critical tasks. Even day to day process workflows can turn out to be arduous and complicated that include:

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There are plenty of organizations today that keep an antiquated paper-based method for asset inspection. The latter is described by many people as multifaceted and multiple aspects in a normal organizational workflow that will scrutinize at every area of the business.

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Business processes require data to be efficient. However, more data is generated as the process moves forward and it has to be managed well to maintain the integrity of the processes being completed. Unfortunately, it can be simple for an employee or group of employees to stray from a business process to try and complete something faster. This type of straying can have a negative impact on the outcome and interfere with overall productivity, which can have a negative impact customer satisfaction. This can be expensive.

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