Monthly Archives: August 2017

Productivity for the Financial Sector

In a financial sector, especially in stocks, transactions happen in a single blink of an eye. Needless to say that these companies need to meticulously manage all the transactions and customer data. Thus, for streamlining these complex operations and increasing the level of efficiency, it is important to integrate an ERP software solution, which will deliver full data integration, ensure greater accuracy and accessibility of reports at real-time basis.

For a more detailed overview, here are some of the major advantageous aspects of using integrated ERP systems for the Financial sector.

Enhanced Productivity
One of the thriving benefits of ERP Integration is it allows a steady and quick boost to the business productivity of financial service companies. It manages and integrates all relevant business data for simplifying the operations and increasing productivity thereby, resulting in improved customers, boosting profit margins and maintaining partner relations better.

By deploying its extensive functionality, banks and other financial institutions can make their operations well-streamlined starting from the customer counter to strategy making level. This, in turn, will deliver consistent performance and unmatched operational efficiency.

Analysis and Integration
ERP for the financial service companies boosts the level of integration across varied organisational roles and operations. It helps the company to develop a single port of communication for employees, customers, managers and partners. Furthermore, it makes easier to have easy access to significant business data by using the finance module of ERP. This module consists of a range of specialised features including accounts receivable, accounts payable, general ledger, reconciliation, billing and payroll. All these features collectively help in performing various complex accounting tasks including collecting financial data, preparing financial reports, trailing balance data, quarterly and annual financial statements and balance sheets.

Reporting and Tracking
An advanced ERP solution hosts an array of features for the financial service companies, which help them to gather, analyse and comprehend data easily and prepare accurate reports as well. Thus, the users can easily explore and access data on real-time basis. Using this integrated solution will help banks and other financial institutions to track data, products, investments and offer clients with complete information to make well-informed investment decisions.

A Safe Haven for Your Savings

Unfortunately, most of society has strayed away from this thinking.

The fact is Canadians aren’t saving as they once did and collectively are holding record high levels of debt. The average household savings rate in Canada has dropped from about 20 percent in the 1980’s, to 5.8 percent in the fourth quarter of 2016.

Many people believe they cannot save because after paying “all their bills” there’s nothing much left. However, understand that in most cases if you’re attempting to save after paying all your bills you may find this strategy to be futile. Instead, get in the habit of saving first or, consider it paying yourself first. Once you’ve developed this habit then you can look into what vehicle you want to save your cash in.

Generally speaking, when people DO consider saving often times the traditional approach is taken; open a bank savings account and dump as much cash in it as possible. Sit on it like a goose sits on her eggs and wait for your savings to hatch. The sad reality for most however, is making a future cash withdrawal only to be afforded the ability to buy less with their savings because inflation has eaten away at it. And you’ll always be on the losing side of a bank savings account because interest rates are not higher than inflation.

Another option many consider is putting money into the stock market however, one should not consider the stock market as a savings vehicle because the stock market has had a history of crashing dating back to beyond 1929.[ii]

Search the definition of saving in Webster’s dictionary and see “preservation from danger or destruction” while the definition of investing reads, “to commit (money) in order to earn a financial return.” Neither method is good or bad but you must understand which it is that you’re trying to do.

Finally, during my research I have found throughout history when people lose faith in their national currency, the banking system that controls it and their governments, many rush back to gold. Gold is the oldest form of money and has proved to be a safe haven for centuries. Gold cannot be printed, debased, or inflated. Simply put, gold is financial insurance.

Choosing A Provider Of Merchant Services

There are some things that can help in the determination of which is the best credit card processor. There are very many options that are available in the market today and this means that you have to be even more careful. It is important to select processors that can focus on some factors that are relevant to the company you are running.

The fee

The fees charged can actually increase as time goes by. A provider that allows for the negotiation of the percentage is the best. It is also important that all pricing differences are well understood and all variables such as credit card types, the value of the dollar and volume should also be laid out. Fees and should also be understood and they vary in accordance with variables.

The cash flow

This is yet another thing to consider. The credit card processors are responsible for holding the cash from processing time up until the time you get it in your account. It is important to appreciate the fact that different processors use different systems and they can manage time so as to earn some interest. When you choose a merchant provider that offers payment wallet, then you can gain access to the funds immediately. Sometimes the fees of companies aren’t as competitive as what independent providers offer.

Some of the questions that you should ask before choosing the merchant account

· Customer support: this is important because you may need some technical support from time to time. A good merchant service provider will allow you access to customer support 24/7. This will guarantee that issues will be addressed as soon as they arise.

· Live support: this has become very popular in the present times. Some of the companies have email support, but sometimes when you have a problem, you may want to talk to someone in real time.

· Time the company has been in operation: a provider that has a track record that is proven can really help. This is because the team has been able to build a reputation and specialized in the field.

· Offline and online transactions: as the business expands, do not keep on switching the merchants because they lack some of the services. It is essential to work with a merchant who will be able to help the retail business go online or offline.

· Fraud protection: ask the merchant about the ways they use so as to protect financial data because it is very sensitive.

· Funds processing time: it is important to have a predictable cash flow if you want business to prosper. You therefore need a provider who can tell you clearly how long it will take to clear the funds. This helps you avoid any surprises that can derail the operation of the business.

Man That Is Destroying the World

Their goal is hoarding as much as they can while showing the rest of the world how great they are. What they don’t know is how poor they are.

Following my reincarnation and with a strong link to the Spirit of the Universe it has led me to see the big picture. At a time shown to me between lives it called to take me away from the world and teach me what life is about.

It’s a simple story but one that would be above the heads of most who try to understand it in the light of religious teachings and the greed that has impacted the earth. This is our only planet on which we can live and yet man is destroying it at a great rate of knots to make money and stick it in the bank or some investment portfolio.

My first commission is to tear down the wall of blindness and recover God’s people who are caught up behind a wall of lies and confusion. In fulfilling that goal it was important to understand how and why things have developed to this point. We are on the brink of destruction and the earth and all life on it is at risk.

That wall is built by man’s imagination and false gods that have been created to explain life and death. In their efforts to be powerful men devised heaven and hell and used them as tools to rope others in to their opinions and dreams. If they could convince others of their own convictions, then for them they became true.

That’s why religions are now so powerful and rich. The leaders know nothing of the Spirit and they push money ahead of common sense. Through trade and then domination of nations riches became more important than life itself and all one needs do is look at how many suicide when they face financial ruin.