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q3edgebpm

Outsourcing Business Process Management - Q3Edge Consulting Pvt Ltd - 0 views

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    Awareness of Business Process Management is spreading like fire. Everyone is talking about bringing about change in their business Processes either to sustain the business or to book their profits. Considering the increasing interest in improving Business Process, there are a lot of agencies which have created a business out of it. Many agencies have come up with a variety of plans which claim to improve the business processes and bring about the desired change in the company's existing performance through efficient business processes. There are different schemes that these companies come up with, business process consultancy, project based business process management, business process outsourcing, and many other luring terms. These plans offered may seem promising and potent, but there are many flaws that these companies generally have. Of all the schemes, the most insisted scheme is Business Process outsourcing. As easy and convenient outsourcing of Business Process may sound, it has potential to many threats. Here are a few insights on BPM Outsourcing that explain how it will not benefit your company: 1. Integral to Business: A business process is never one that fits all. Each organization is unique and has its own way of functioning. In fact the uniqueness in these processes is the one that makes each enterprise different from the other. If business processes are outsourced, the uniqueness will have no meaning. 2. Confidentiality: In the cut throat competition where all the businesses procure at the same rate as well as all the products are priced at the same rate. The difference in profit margins is due to the difference in business processes of organizations. The cost cutting, and cost saving all are the outcomes of efficient business processes. No organization would want to make their profit earning secrets public. Outsourcing BPM means relieving all your business secrets to an outsider, making your ideas public! 3. Involvement: Any agency that offers Busin
q3edgebpm

Robotic Process Automation - 0 views

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    Robotic Process Automation Technology has replaced and restored many old ways of communication, transportation, and way of doing things. So much so that now, technology is all set to take over human workforce also. No, it's not exaggeration. It is near future. By employing software, based on artificial intelligence using machine learning, all the redundant tasks like keeping records, performing basic calculations and innate transactions, can be made human free. The technology that works to robotize the jobs which require humans is called as Robotic Process Automation. Robotic Process Automation can be very convincingly labeled as 'the driver of the future'. RPA aims at automating the processed which are otherwise carried out by humans in a business. The machines (or the software) are designed in such a way that they are capable of interpreting the message and manipulate the data in the required way. Process automation has always been a part of many organizations, reducing the job of employees and making machine operation independent has always been one of the many functions of Business Process Management. Robotic Process Automation takes it to another level, Robotic Automation makes the machines smart, and enables them to gather, calculate, report and sometimes manipulate data thus reducing human interference by automating problem understanding and decision making. What is RPA? RPA is the process of enabling a system to function in the same way as it would function with human logic without actually employing any human. It is a derived from three technologies, namely: workflow automation, screen scaping and artificial intelligence. Huge and complex but rule-based processes are tailored and automated with RPA. Where is RPA used? RPA sits at the top of all processes; it synchronizes all the processes together and generates results which are overwhelming. RPS is employed in almost all the phases of business processes. Front-end operations: RPA finds its appl
q3edgebpm

Business Process Management Vs Business Process Re-engineering - 0 views

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    Doing a static business in today's cut throat competition is like living on the edge of a mountain. One miscalculated step, and everything would go down the cliff. Technologies to techniques, everything is changing the speed never even wondered and thus everyone has to be on their toes to quickly adapt and get going with the change. With a tremendous roar happening around Business process improvement, there are many theories and concepts being constantly adapted, molded and remolded.One concept which works well for one enterprise may just flip another enterprises and bring nothing good out of it. It is therefore very essential to understand each concept and choosing the best one to incorporate in your business. There are two basic concepts which are used interchangeably by everyone but have a huge difference in terms of their application. Two such concepts are: Business Process Management and Business Process Re-engineering. Let's first begin by understanding the two concepts. Business process management is described as a process and management discipline that analyzes, implements, documents, monitors, controls and sometimes redesigns the business processes. On the other hand, Business Process Re-engineering is a "radical approach" to current business process. Business process reengineering necessarily means replacing the existing system. Business process re-engineering does not prophesize on documenting or implementing certain changes in the existing business processes. It only takes into consideration the input and the desired output and comes up with an efficient process to achieve the aim. Business Process Management can be looked at as a soft approach which considers the current processes, and believes in flexibility. However, the business process reengineering strives to create a perfect process from scratch and lays emphasis on replacing manual labor by automation. Business Process Management is a continual process which aims at attaining efficiency throug
q3edgebpm

Types of Business Process - Q3Edge Consulting Pvt Ltd - 0 views

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    In last few decades, Businesses have diversified themselves so much. From once a barter system to now crypto currencies in trend, Business has evolved leaps and bound. So has the approach of doing business. Business is no more a mere commerce between two enterprises but has become a science and subject of study. A lot of thought and research goes into developing a good business trait and efficient business processes. Business doesn't only mean a huge company with huge machinery and a grand infrastructure, with time and technology as a business can be as compact as a website or just a mobile application. However, the one thing that creates a business is its execution! For a business to bloom and flourish, it is extremely important that its processes are optimized and function smoothly. To add value to the business processes it is important to develop a strong understanding of the business processes. There are different methods and techniques to deal with a human resource intensive business and a different approach to enhance an automated process. Since the processes are different in nature, the optimization aim and methods are different too. Before using any technique it is thus essential to first understand the types of Business Processes your line of business falls in. The business processes typically are of three types: * Primary Process ( also termed as essential process) * Support process * Management process. Primary process: The primary process is the fundamental line of business of the enterprise. It deals closely with the core values of the business and the value chain. As the name suggests, a primary process is a basic process through which the enterprise delivers services/ products to its clients. Dealing this process is very crucial as this is the fundamental process as it directly affects the deliverables to the clients. These processes form an integral part of an organization and need to be paid close attention to. The aim in optimizing this process i
sachin88679

Importance of Money -Teaching Kids about money- Why is money important - 0 views

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    What is the importance of money in our lives? Teaching kids about money and why is money important in our lives is important. This video looks at the fact if money is good or if money is bad. Most people think that money is the root cause of all evil in the world. To understand this better one needs to understand what is money and what are the functions of money. Money is a means to live a luxurious life but this must be within control. As long as people are in control of money it is not a bad thing. The problem begins when money starts controlling people and when people are looking for more money, the evils of money is seen. Value of money becomes more important and people want to have a pile of money to do what they want. The problem is not understanding what is the important in life and not understanding the importance of money and looking at money as a sole status of life. People need to understand money is just means to make things comfortable but it is not the most important thing in life. When people realize this, it becomes easier to keep money under control and not misuse it. Money is not bad as it is not something which defines us. If used properly and in the right means money can be used to help people and build a better world around us. This is the reason why money is important. To change the world around us and make it a better place for you and for me and for the entire world. The wrong things are taught about money and this includes power, control and things which really do not mean anything. What is important is happiness and if money is kept under control the entire world can be happy.
anonymous

Cheong Hong Yuan: In-depth Analysis of the Relationship Between US Nominal GDP and Long... - 1 views

Recently, with the gradual recovery of the global economy, various data and information have emerged in the market, and it is crucial for investors to understand these data. As an important engine ...

started by anonymous on 26 Oct 23 no follow-up yet
anonymous

Cheong Hong Yuan: The "Verbal Rate Hike" Strategy of the Federal Reserve and the Financ... - 1 views

The financial market is like a vast ocean, with waves and constant changes, and the hidden immense energy within it is often influenced by the strategies of financial decision-makers. Recently, the...

started by anonymous on 03 Nov 23 no follow-up yet
johnarnold123

What Is Rollover Interest in the Forex Market? - 0 views

An interesting aspect of Forex trading is the Rollover Interest. Now, you might be wondering what is Rollover Interest? Rollover Interest is basically the interest that will be debited or credited ...

started by johnarnold123 on 26 May 16 no follow-up yet
trade4target trade4target

Low crude prices good for India and indian stock market - 0 views

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    According to Richard Gibbs of Macquarie Securities reduced crude prices goes in favour of the Indian economy and gives RBI a scope for monetary accommodation Richard Gibbs Global HD, Macquarie More about the Expert Richard Gibbs, Global Head of Macquarie Securities is upbeat on India because he thinks there is room for structural expansion and the demand is much better than anywhere else in the world. According to him reduced crude prices goes in favour of the Indian economy and gives RBI a scope for monetary accommodation. It is also likely to produce some tailwind for the global economy. "It certainly provides latitude on the trade side but also in terms of the inflation side for the economy as well." The house remains a buyer on India. What is the sense you are getting. Are we now facing a fairly big challenge to global growth and therefore are risk assets going to head lower? A: I think the International Monetary Fund (IMF) is articulating that fairly well as we move into the IMF World Bank annual meeting in the next few days. It really is a case where the US is I suppose the best if you see IMF's parlance and that's for investors who have been searching for growth is a disappointment. So, now I suspect we are going to have people turning back towards in search for yield and that has become difficult as well with the expansion in quantitative easing measures around the world but most particularly by the European Central Bank of course. At the end of the day lower crude prices are probably growth positive and the issue there is whether they pertaining further disinflationary pressure/deflationary pressure in the major economies. Certainly for an economy like India, cooling in crude prices is a positive. It certainly provides latitude on the trade side but also in terms of the inflation side for the economy as well. It's a bit of a two-edged sword as I suppose in that sense but overall lower crude prices are likely to produce some tailwind for the global eco
zee5900

The 10 Best Credit Cards in America - 0 views

Which are the best credit cards in America? Depending on your needs, using credit cards to pay for purchases can be really handy. However, there's currently no one size fits all credit card that ti...

credit cards finance

started by zee5900 on 29 Apr 22 no follow-up yet
Harry Mont

8 Steps for Writing a Compelling Website Content - 0 views

Content is one of the most important factors when you want to target your audience and pitch for a product or a service you want to sell. Whether you want to have a new website for your business or...

Website Development in New York Web Designing inNew Android App Company

started by Harry Mont on 26 Nov 21 no follow-up yet
johnarnold123

Trading Process - 0 views

Trading process consists of two major steps Order opening and Order closing.  With the help of the forex technical analysis and the online forex broker, the journey of the trading process begi...

started by johnarnold123 on 14 Apr 16 no follow-up yet
Allen Rodger

Economic Outlook For Rest Of 2014: Acceleration - 0 views

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    Summary US households and businesses have accumulated enormous hoards of liquidity. The gradual normalization of risk aversion and liquidity preferences will drive a significant acceleration of spending growth. On aggregate, the balance sheets of consumers and businesses - and their liquidity position in particular - are the most favorable they have been in the past three decades. The average age of household consumer durables and US business capital stock is at a record high, suggesting that there is significant pent-up demand. A self-sustaining cycle of improved sentiment, accelerated spending and higher income seems to have already kicked off. In this report, I will briefly outline the impact of accelerated US growth on key investable asset classes, such as the S&P 500, 10Y US Treasury yields and gold. In the wake of the financial crisis of 2007-2009, the recovery has been the weakest of any sustained economic expansion in US history. However, the US economy seems poised for a significant acceleration for the remainder of 2014. Consumer Spending To Accelerate Many analysts are still talking about "balance sheet recessions" and "household deleveraging." The problem is that was yesterday's news. After several years of restructuring, reduced spending growth, increased savings rates and debt-reduction, US household balance sheets are in better shape than they have been since the early to mid-1980s, based on a wide variety of metrics. Whether you look at debt service-to-income, debt-to-income, consumer loan delinquency rates, cash balances as a percent of income, or household net worth, the US consumer balance sheets are, on aggregate, in the best shape they have been in several decades. Business Expenditure There are several reasons to believe that the business expenditure cycle will accelerate appreciably in 2014. First, the age of US capital stock is at an all-time high, meaning that there is considerable pent-up demand to
angelina_jolly

Features of a good mobile application - 0 views

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    Every business owner who invests in web-app solutions for smartphones development wants to publish an application that will be a huge success in the shortest amount of time, not one that will be lost in the app store's never-ending sea of rivals. Every industry relies on web-app solutions for smartphoness for smooth functioning from basic brick-and-mortar stores to bitcoin businesses. Mining app are pretty common. Now that we know that all businesses equally need to invest in a digital wave, you must also understand that your business is no different. You should be aware of the crucial elements that constitute an app's market readiness if you want to be sure that your web-app solutions for smartphones will function smoothly and has the best possible chance of success. 1. End-user ease of use An excellent user experience is built on an easy-to-use user interface and logical navigation. This one feature elevates an app to the top of the list of competing for digital goods. Your target consumer won't need to hunt for another similar software if your app is straightforward to use. 2. Coverage Must Include Both iOS and Android These two are the fundamental platforms. However, as a customer cost-saving choice, web-app solutions for smartphones development business might provide cross-platform web-app solutions for smartphones development. The most well-known platforms for creating cross-platform apps are Phone Gap, React Native and Native Script. 3. Safety Although this functionality is vital for web-app solutions for smartphones in many other businesses, it should be highlighted in this context, especially in the financial and healthcare sectors. Security for web-app solutions for smartphones entails strong legal protection for user data. One of the essential requirements for a succeeding web-app solutions for smartphones is this. 4. Work Done Offline If there is a strong Internet connection, most apps function. While having offline work available would be ideal but not
johnarnold123

Disregard Money! Focus on trading - 0 views

The approach towards Forex trading differentiates a successful forex trader and an unsuccessful one. As in any occupation or hobby, it is important to focus on the actual process of work rather tha...

started by johnarnold123 on 27 Jun 16 no follow-up yet
anonymous

Cheong Hong Yuan: The Market Secrets Behind the New Policies of the Federal Reserve - 1 views

In today's global financial markets, the policy choices of the Federal Reserve undoubtedly have a profound impact on major markets. In the recent September meeting, the Federal Reserve paused its r...

stock market

started by anonymous on 22 Sep 23 no follow-up yet
anonymous

Cheong Hong Yuan: The IPO Wave of Arm and Its Financial Logic Discussion - 2 views

With the rapid movement of the financial market, many companies are seizing the opportunity to enter the public eye through IPOs, and at the same time, investors and analysts are paying high attent...

Blockchain

started by anonymous on 19 Sep 23 no follow-up yet
johnarnold123

Why You Need to Learn to Lose Properly to Win at Forex Trading - 0 views

Who wants to know about losing, no one!  But unfortunately losing is as important as making a profit in the forex trading industry. Losing money helps you gain the required experience; hence i...

forex trading

started by johnarnold123 on 19 Sep 16 no follow-up yet
Jane Hopkinson

Adverse credit rating will bother you no more - 0 views

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    Uncertain expenses in life cannot keep away from you if you are suffering with the issues of bad credit. It becomes difficult for any bad credit or to address the urgent emergency expenses with the limited income. It is a known fact that the person who is tagged with the issues of bad credit finds it difficult to raise some extra financial assistance to meet his needs because no traditional lender comes forward to extend the required financial assistance due to the poor credit. Whether you are a bad creditor or a person with good credit score, it is essential for you to address the emergency issue even in the financial distress. The only one option available for the bad creditor to raise the required financial assistance is to avail loans for bad credit. These loans are introduced into the market in the flavor of bad creditors so, your bad credit score is no longer an obligation to obtain the instant loan from the lender. You are not even required to undergo any credit checking process because the lender is least bothered about your low perfect credit score while approving the loan. You can raise the instant finance on the same day even without pledging the security because these loans are unsecured. As you are not pledging any security, a simple online loan application will be enough for the lender to analyze your current income levels. The loan amount will be decided by the lender accordingly. However, these loans are small and issued for short periods. You have to make the necessary arrangements to repay the loan amount within specified time limit to protect your bad credit score from worsening further. The interest rates of these loans for bad credit loans are high, you can either choose to negotiate the terms with the lender or approach another lender who is available online. Adverse credit score is no more an obligation of the person to raise the instant financial assistance to meet his emergency needs. The lender sanctions the require
anonymous

Cheong Hong Yuan: How do technology giants influence future AI regulations and investme... - 1 views

After the recent US Senate AI summit, the topic of artificial intelligence regulation has caused quite a stir in the global financial market. Cheong Hong Yuan believes that this is not just a techn...

Blockchain

started by anonymous on 15 Sep 23 no follow-up yet
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