Collaborative Minds Blog - page 4

Since 2012 CMW Lab has been supporting the digital-first enterprise creation providing its customers with the most up-to-date, reliable and user-friendly software for building powerful business apps. 2022 wasn’t an exception as CMW Lab products have received the following prestigious awards and features:

Everyday business expenses, such as replacing computer paper as it runs out, are simple to monitor. However, businesses also incur larger expenditures, such as purchasing computer equipment or a new real estate site. These capital expenditures pertain to a fixed, non-consumable asset with a useful life beyond one accounting period.

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If you want to run a successful business, there are financial terms you should familiarize yourself with. For instance, understanding the difference between capital expense and operating expense is crucial before you dive into strategic investments and CapEx project management. Grasping the nuances of capex vs opex (or opex vs capex) helps in making informed financial decisions that impact the company’s bottom line. This guide explores what is capex and opex, providing clarity on these essential concepts.

Comindware Inc. announces an upcoming major milestone in its commitment to accelerated digital transformation and sustainable digital foundation for the future in the US. With reference to plans established last year to develop an innovation laboratory, Comindware confirmed it launched a world-class lab with the aim of promoting the application of Low-code, Business Process Management (BPM) and related technologies in new corporate solutions, as well as empowering businesses with reliable technology on their way to a sustainable digital future.

As an owner of a small or middle-size business, you will always make long-term and short-term goals. To assess your progress toward the achievement of those goals, you should use various types of KPIs . A KPI (Key performance Indicator) is used to track the success level of a contract or project. In addition, this benchmark can be used by each department within an organization. Maybe you are still asking this question: What is kpi? To understand more about this measurement tool, and how it is used to measure service delivery and projects, read on.

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In today’s fast-paced business environment, optimizing efficiency is crucial. One often-overlooked area ripe for improvement is the automation of common administrative workflows. From handling correspondence and scheduling appointments to managing data and processing invoices, automating these administrative tasks can liberate valuable time for your administrative staff to focus on more strategic initiatives. Streamlining these processes isn’t just about cutting costs; it’s about empowering your team, reducing errors, and driving business growth. According to a recent report by McKinsey, automation technologies could automate as much as 45 percent of the activities individuals are paid to perform. McKinsey Report

Just think about the explosion of online shopping we have seen in the past decade. What was once the purview of the brick-and-mortar store is not the purview of the e-commerce platform? Today more people shop online than ever before and for many this is the primary option to obtain goods and services.

We are excited to announce that Comindware Tracker, the workflow management software that empowers non-technical users to design, run and modify processes, was named #1 for the second consecutive quarter in G2’s Best Business Process Management Software.

The finance department of any organization works with a wide range of parties. Some of these are internal to the company and some are external. Different departments have different requests and these requests must reach the correct desk for approval, then be ordered, and the purchase paid for.