Collaborative Minds Blog

Solutions


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.

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No matter what your business, marketing, and lead generation are incredibly important. It doesn’t matter how great or innovative your product or service is if nobody knows you are there. It is with marketing that word of our brand reaches the ears and eyes of those who may have an interest in what you have to offer.

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A travel request approval workflow is among the most imperative businesses processes a company should have. It is specifically needed by companies that permit employees to travel for business. Without a flawless workflow, you can expect to see one or all of these challenges. First, effectivity of business travel management in your company will depend on spreadsheet and email for your travel request management tasks. (more…)


IT asset management is an area of business operation that allows you to manage the devices and other technological elements of your business. This might not seem all that important, but a poor IT asset workflow can lead to lag times and inefficiency in your operations. Failure to address this can have an effect on your bottom line.

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The contract approval process is vital but sometimes complicated, but it is incredibly important to have a solid, easy-to-understand process. This ensures that everyone has access to the same information and is on the same proverbial page. Not only does this help keep employees on track, but it also improves the efficiency of the entire process.

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The development of any process, whether it be a new user interface or the development of backend technology that makes data collection and collation easier, requires many different steps. Many of these steps occur before any coding or actual building of a new environment occurs. While this initial part of the planning process might not seem very important, finding ways to better track, plan, and prepare for even these steps can help a project run more smoothly.

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As more of the world goes digital, virtual security becomes even more of a pressing issue. In our business life, most of us use anti-virus software, our networks have firewalls, we encrypt private information, all to help keep our networks and data safe and secure.

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The world of business is changing quickly before our very eyes. New technologies that are revolutionizing and redefining the ways we manage every aspect of business are now common and some of these technologies are changing what it means to even work. There have been dramatic advances in machine learning, artificial intelligence, and the like, which has led to the development of a wide array of powerful automation tools that streamline business processes and reduce error.

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Purchasing Manager’s day is full of efforts to handle purchase order requests, verify the details of requisitions, ensure policies compliance, correcting errors and finding out what went wrong. It is hard work and we should do something about that.

Before reading on, answer the following questions:

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One of the basic elements of business operations is the function of sending and receiving payments. These departments are usually called accounts receivable and accounts payable, respectively. The accounts receivable department is, due to its very nature, one of the core aspects of business functioning. Doing business is a process of transactions whereby a business provides a product or service and a customer pays for said product or service.

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