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Scalability is a major deciding factor for company stakeholders when considering the acquisition of another organization. It could take years for some companies to grow organically to the level they want to achieve. M&As help them fast track this process and double or even triple their capabilities overnight. Economical synergy is another benefit of M&As. Since both companies often combine their internal resources M&As give organizations more possibilities to achieve higher outputs while dominating their applicable sector. Competitive advantages are a powerful motivator for acquisitions, and organizations who execute them successfully can often attract a more diverse portfolio of assets and clientele.
As the new year quickly approaches, many entrepreneurs and investors alike are looking closely at the biotech industry. In the past year, biotech and healthcare service companies have been acquired for record-setting premiums, and many are wondering if 2019 will see the same flurry of deals. While many are optimistic about the future of the industry, others wonder if the biotech bubble is bound to burst in the coming years. While the future is always uncertain, there have been some new trends developing in the industry that lead many to believe biotech mergers and acquisitions are only getting better.
Mergers and acquisitions can be an exciting part of business transformations, especially if you're a business owner who's received an attractive offer from a prospective buyer. However, while the future is without a doubt filled with promise, it's important not to get too ahead of yourself, as the next step in the process can be a lengthy one - due diligence.
SOX stands for the Sarbanes-Oxley Act and was implemented for all businesses on July 30, 2002 by the US Congress. The legislation was designed to impose regulations on a company’s internal processes when dealing with their financial reporting. Failure to comply with this regulation can lead to millions of dollars in fines and can even lead to criminal convictions. Companies today must comply with the Sarbanes-Oxley Act which spans across many departments and affects many internal accounting and management functions. It also has a major impact on IT operations.
The last couple of years have seen some of the most frequent and severe cyber security attacks ever recorded against businesses in a variety of industries. As security professionals prepare for another record-breaking year of network breaches and data security risks, it is imperative that companies make themselves aware of the latest cyber threats in circulation to ensure their security countermeasures are up to par. While we can’t predict the emergence of new threats, here is a list of the top nine network security threats we expect in 2019 and how your enterprise can stay protected.
DevOps is closely associated with the software development process and represents a collaboration of tools, philosophies, and business practices that enable companies to quickly adapt to changes and incorporate them throughout all products and services. By leveraging this methodology, businesses can move through their digital transformation faster and with added efficiency.
In a digitally dependent world, VDRs (Virtual Data Rooms) provide businesses with the privacy and security they need to manage their business information in a cloud-based environment. But VDRs are much more than just another cloud computing solution. Virtual data rooms give companies the tools they need to manage contracts, mergers and acquisitions, and business fundraising rounds throughout a secure and transparent interface.
Most people know that maintaining an online presence is an essential part of building a thriving business. This is why so many companies invest in developing informative and useful online interfaces for their customers to engage with while generating SEO campaigns to attract new visitors. Recently, however, there have been new developments in how search engines like Google value certain websites and rank them accordingly, especially ones who don’t meet their standards when it comes to catering to the overall user experience. Now, more than ever, website load times and navigation speeds play an essential role in the sustainability of your website and how it ranks in the search engines. Here are three reasons why this is the case.
For the last few years now, blockchain technology has continuously disrupted the way companies do business, especially in the financial industry. More than just the foundation for cryptocurrency investments, however, blockchain technology has completely innovated everyday processes and the supply chain efficiency of businesses in nearly every industry.One such industry where blockchain and the distributed ledger is starting to make an impact is in legal services. New disruptive technologies are beginning to transform the way legal departments and law firms handle their business processes, and blockchain is becoming the new standard in contract management, efficiency, and uniformity.
When raising capital for their business, some may feel that taking the time to invest in and manage a VDR might be an unnecessary expense, especially considering the number of file exchange systems to choose from. While this may be the case, it's important to understand the difference between VDRs and other file-sharing programs and when a VDR makes the most sense for deployment.
Most of us maintain a sizeable online footprint of email accounts, social media profiles, data storage, and digital media licenses. Having unrestricted access to data is incredibly convenient, but most people don’t stop to consider, “What happens to data when you die?” To help you gain a better understanding of this concept, here’s a simple overview of digital asset management and how the death of an individual can impact it.
Regardless of the size of your organization, risks to your data are everywhere. Over the last several years, cybersecurity crimes have cost companies millions of dollars annually in destructive system damage and data corruption. Today’s modern businesses need to stay diligent as they effectively combat the latest online threats. Here are six must-have cybersecurity tips to keep your business protected.
Filing important documentation so that it's easily accessible can be cumbersome for companies that are actively growing their client base. Contract management software makes this process much more efficient by storing pending and completed contracts all in one centralized location. This flexibility significantly minimizes the likelihood that essential documents become lost or misplaced over time. Hosted file storage also makes it much easier to locate and reference contracts that need specific renewals or have been archived in the past.
Performance engineering gives teams more flexibility to optimize their software performance while automating many development processes. With a concentrated focus on application performance and UX design through all stages of development, performance engineering can ensure quality and stability during integration while significantly improving an organization's bottom line. Here are four main reasons why performance engineering is vital for your application, and ultimately, your business.
In today's rapidly changing digital landscape, business evolution is a necessity for growth and sustainability. While many companies are quick to accept this understanding, it can still be difficult to effectively plan and execute these changes successfully. Thankfully, a series of blueprints have been developed for organizations to follow when modernizing their business processes. Here are the six stages of any digital transformation as identified by Brian Solis, Principal Analyst at Altimeter, and how to identify your company's progression towards a better DCX (Digital Customer Experience).
When it comes to maximizing your team’s productivity and creativity, very few methods are as effective as implementing a healthy schedule of breaks throughout the day for your employees. Although the idea of incorporating more downtime might seem counterproductive for a company, there has been growing evidence that shows more breaks for employees lead to less stress and exhaustion in the workplace, maximizing overall productivity. In fact, studies have shown that the highest-performing workers are ones that incorporate 17-minute breaks after every 52-minutes of work.
As companies begin to scale, they are presented with many operational challenges. Smaller businesses typically have the advantage of ease of communication and organization, but as they grow, keeping departments and multiple staff members interconnected is challenging to manage. To combat these issues effectively, it's essential to incorporate company-wide transparency in all of your business processes.
Big corporations aren’t the only ones improving their operational abilities with Enterprise Resource Planning (ERP) solutions. Small and medium-sized organizations are recognizing the benefits and need for solutions as well. These solutions are the next big step for businesses in need of greater efficiency. Better automation strategies actively support the company’s ability to scale.
In today's fast-paced digital landscape, the need to innovate in both business strategy and execution has become paramount for companies of all sizes. While this corporate adaptation can take many forms, digital transformations have been the primary solution for businesses wishing to scale their operational abilities. The idea of a digital transformation in the business world is relatively universal, though the term itself can be translated and applied differently from one organization to another. In this case, it's essential to identify the critical components of a digital transformation and how businesses today can utilize its effectiveness. However, in our experience small businesses are uniquely positioned to be able to take advantage of the opportunities that exist as their size and ability to adapt quickly helps provide the agility needed to act on the core components of digital transformation.
As businesses begin to evaluate their growing needs, many view system upgrades and improved operational effectiveness as high priorities. To support business sustainability and growth, most companies choose to integrate ERP (Enterprise Resource Planning) solutions into their infrastructures, allowing them to scale effectively. Small Business Cloud Accounting Software and ERP systems, such as SAP Business One from Key Business Solutions in Sydney and Brisbane, can be a real game-changer for any organization. By implementing these real-time Cloud ERP solutions, businesses can create a cloud-based working environment that centralizes all of their internal and external operational processes. However, while the adoption of these systems can bring numerous benefits to an organization, it's important that team members receive adequate training on how to get the most out of these advanced solutions. Here are three reasons why training is essential when deploying a new ERP solution.
For years now, accounting software like Xero or Quickbooks has been the go-to solution for smaller businesses looking to organize their financials and necessary reporting requirements – and for a good reason. Both programs have a long record of reliability when it comes to out-of-the-box entry-level accounting solutions. However, as companies begin to grow, the need arises for something more advanced than just an accounting system allowing organizations to monitor and manage other important aspects of their business. As a result, many companies have chosen to upgrade their basic accounting software to a more versatile enterprise resource planning (ERP) solution like SAP Business One Cloud.
Adopting an ERP system into your company infrastructure can be an intelligent and incredibly valuable business investment. Not only do enterprise solutions automate many of the processes your company does on a day-to-day basis, but their level of operational efficiency paves the way for further company development and sales growth. However, when implementing new ERP systems, you'll inevitably be left with the decision of either building your system on-premise or using a cloud-based solution. Hosted ERP systems have many benefits over traditional on-premise solutions and can be an excellent choice for businesses of varying sizes. Here are a few reasons why you might want to consider hosting your ERP on the cloud before developing an on-premise solution.
As companies begin to improve their operations and scalability, the adoption of new software and other advancements in their infrastructure become a necessity. However, while new technology implementation can undoubtedly help companies stay productive, properly maintaining those business enhancements can sometimes be challenging. MSPs (Managed Service Providers) are an excellent solution to businesses wishing to improve their software and hardware solutions but also keep them up-to-date and operating efficiently. Here are five ways that MSPs can keep your technology healthy and continuously enhance your company’s infrastructure.
s organizations scale and expand their operations, they start to uncover resource utilization challenges and resource limitations. To efficiently complete IT Projects you need an approach for success. IDC estimates that 30 percent to 35 percent of IT projects could be counted as failures. When it comes to managing your IT needs, companies have a few options available. Among them are expanding in-house staff or leveraging partners with experienced IT consultants and project management teams.
There is nothing more terrifying to a small business owner than the idea of shutting off their phone and going off the grid. When you’re in charge of a field service company, taking a vacation for any amount of time can feel like a recipe for disaster. However, at one point or another, the need to disconnect and unwind eventually outweighs the worries associated with taking time off work. When this inevitably happens, there are some tips you can follow to get the most out of your vacation while ensuring your business continues to run itself efficiently.
During the crucial growth stages of any business, it is an inevitable reality that internal team members will eventually start to feel the pressure of adapting to new processes that support the company’s ability to scale. For many departments, these feelings are short-lived. Other branches of the company may continue to struggle to meet the new demands of their organization. So what is the first sign of growing pains that most companies experience? Their IT team’s inability to keep up with the company’s changing infrastructure. Due to this fact, many organizations have explored hiring managed IT services to help design a more sustainable IT solution for their corporate growth strategy. But how do you know if your business is ready to invest in a different IT solution? Here are 5 signs to look for that might mean it’s time to partner with a managed service provider.
So you’ve finally decided it’s time to start blogging — what took you so long? Blogging is a great way to share your expertise, highlight your products and services, and bring a significant amount of traffic to your website. However, when starting a new blog, there a few things you should consider if you want to see the best return for your efforts. Here some common rookie blogging mistakes and what you can do to avoid them.
Content marketing is a great way to get the word out about your company while differentiating your products and services from your competition. Here are a few specific ways that content marketing can benefit your company.
When it comes to deciding on how to format a company’s IT infrastructure appropriately, many business owners wonder about the most efficient way to handle all of their IT-related needs. While some company’s deploy in-house teams to manage their day-to-day support, others have found it advantageous to outsource most or all of their IT functionality. The truth is, however, hiring managed services for a company’s IT needs can be extremely beneficial to organizations of all shapes and sizes. Here are 4 business benefits that outsourcing your IT support team can bring.
When it comes to protecting your company’s digital assets, fewer decisions are more important than the adoption of new cybersecurity measures. Today, one out of five small businesses is affected by cyber crimes in one way or another. Even more worrying than this statistic is the fact that 60% of these businesses are shut down within six months of being attacked. So what can businesses do to ensure they’re better equipped to withstand these attacks? Here are five cybersecurity strategies that your IT department can start to implement right now.
When entrepreneurs and new business owners begin to establish their company infrastructures, the question of whether or not to hire a registered agent eventually comes up. But what is a registered agent, and why should you consider using one? Registered agents are third-party representatives of your business who are entitled to receive legal documentation and service of process on behalf of your organization. With this in mind, there are several benefits that business owners should consider when deciding if a registered agent is right for them.
In almost every industry, customer interaction is a necessity. It’s at this critical stage where companies can make or break their future success by how they respond to product or service issues, customer complaints and overall negative feedback. While service pros or contractors may require their employees to respond in certain ways during sensitive situations, knowing what to say is not nearly as important as knowing what NOT to say. When working with customers through challenging situations, these four reactions should be avoided at all times.
If you’re a field service company, chances are that the last thing on your priority list is creating a sustainable web presence — and you’re not alone here. However, there are some simple steps you can follow to let your website stand out from the competition. Here are 12 things your field service company website should have to convert more prospects.
When starting out, most companies traditional tend to invest in on-premise PBX phone systems for handling their call volumes. These have been the de facto corporate communication solutions for years. However, as newer technology has become readily available, many organizations are now benefiting from VoIP hosted solutions to manage their communications. So which solution is right for you? Here are some considerations to make when comparing hosted VoIP to PBX solutions.
When it comes to deciding on the best sealing solution for your pumps or agitators, newer developments in sealing technology offer more options than ever before. Although gland or packing seals have been the default sealing method of choice for many years, mechanical seals provide many operational benefits and should also be considered. Here is a comparison between gland packing and mechanical seals, and how you can decide which one is right for you.
Over the years, advancing technologies and digital transitions haven’t removed the need for quality printers. In fact, there are more personal and commercial printing solutions available now than ever before. Regardless of their size, printers are complex machines with both hardware and software that needs to be properly maintained. However, the first time you experience issues with your printer doesn’t necessarily mean it’s time to retire it. Here’s a quick and dirty guide to four of the most common printer issues and how to successfully troubleshoot them.
If last year taught the financial industry anything, it’s that transitioning into a digital bank is no longer an option. As the first quarter of 2018 has come and gone, consumer expectations for a more seamless banking experience have continued to increase exponentially. Demand for innovation has led to financial institutions seeking out better solutions to digitize their offerings while optimizing their workflow. Several resolutions have already been made for the rest of the year, highlighting advancements in digital banking technology and expected areas of growth. Here are five emerging trends in 2018 that paint the future of online banking.
When it comes to managing the critical steps associated with manufacturing processes, many companies struggle to maximize their operational efficiency when weighing costs, lead time and quality control during each production run. This is partly due to the fact that full transparency during the planning and execution stages of production is essential when maximizing ROI, and many companies are unequipped to handle each step at maximum efficiency.
When it comes to developing an effective SEO strategy, there is no one surefire way for companies to achieve the results they’re looking for. However, certain outdated SEO techniques and bad habits can still plague website owners and drastically affect their search engine ranking results. Here is a list of four of the most common SEO mistakes made in 2018 that should be avoided at all costs.
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As each year passes by, new advancements in technology continue to improve the way people run their businesses. However, these new advancements don’t come without their potential threats to system security. It’s expected that cybercrimes will result in the loss of $6 trillion annually by 2021. That’s an alarming figure that has led many business owners to educate themselves and their staff about potential incoming threats and how to protect themselves.
It doesn’t matter if you’re a small-business owner or part of a larger enterprise – no one is immune to the effects temporary outages and data loss can have on day-to-day operations. So when disasters, security breaches or other catastrophes take place, how does a business effectively recover from them? This article highlights how to effectively prepare the perfect disaster recovery plan.
Regardless of the industry you work in, computers play a vital role in the productivity of your organization. And for the most part, new software and hardware advancements released over the years have made you more efficient than ever before. But if you’re regularly using computers in your day-to-day processes, you’ll eventually run into some technical problems that need your attention. Thankfully, there are steps you can take to remedy the issues and carry on with your workday.
Whatever the size of your business or industry it represents, finding a suitable, cost-efficient solution for your organization’s IT needs can be challenging. When deciding on the ideal way to manage IT processes, most companies are led down one of two paths. You can hire managed IT services, or maintain an internal break-fix approach. While both of these solutions have their own pros and cons, finding ways to incorporate a more proactive approach to your IT requirements is the way to succeed.
So you’ve decided that it’s about time your company subscribed to a better form of communication, both inside and outside of the office. But how do you keep your team connected and customers engaged all at the same time? When companies are looking for ways to boost efficiency, unified communications provides a customized business solution to improve team collaboration, productivity and employee satisfaction.
In today’s dynamic business environment, companies are continuously looking for ways to improve their internal and external communication processes. Improving productivity and team collaboration is at the epicenter of nearly every business owner’s corporate strategy. However, getting there isn’t always easy. So how can companies combat poor team communication habits and project management stalls? Thankfully, Cisco WebEx provides an elegant, comprehensive solution to bring teams together.
Sheet metal fabrication provides companies with a number of customized solutions for their projects, products and services. Although these solutions may vary in size and complexity, all fabrication projects require the same considerations when it comes to weighing production costs with the finished product's value. Here are four simple ways to reduce your metal fabrication production costs before your design hits the mill.
These days, everybody and their brother has a blog. It’s difficult to stand out in the crowd, and it’s even harder to promote and distribute a new blog. There is money to be made if you can get enough members though, and getting those followers doesn’t have to be hard.
Over the past few years, Google has worked hard to maintain its reputation as the number one search engine in the world. A large part of their success can be attributed to their ability to adapt to how users search for the information they need. This adaptation has sparked the release of several algorithm updates, the most recent one code-named "Hummingbird", which are designed to present the most relevant results based on random keyword searches.