Collaborative Minds Blog - page 2
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.(more…)
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.(more…)
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.
Running an office takes numerous parties, all working in tandem, to ensure smooth operation and timely management of various business tasks. One of the most underappreciated elements of business operations is administrative tasks.
An administrative assistant wears a vast variety of proverbial hats to ensure the smooth running of an office or business. Their tasks may involve checking email, answering phones, dealing with office supply orders, managing employees, and much more.(more…)
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.(more…)
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.(more…)
Business leaders and founders often get puzzled with the many ways to streamline all the different processes empowering the team members to achieve the same goal. They perfectly know the importance of efficient communication and collaboration between departments or groups across the organization. The demand for efficient intercommunication tools is driven by a crucial problem — division and individuality in the different areas of a company. The lack of interdepartmental coordination could be disastrous, as employees only think about solving particular issues rather than getting a complete vision of their place in the workflow. Acknowledging the importance of management software for workflow process automation offers your task-solving team members an incredible opportunity to visualize their work impact, value, and effect on the other business areas and the company’s main goal.
Read this article to learn more about the workflow automation basics and the workflow automation software benefits for your business.(more…)