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The Financial Sector has to be meticulous in its cash management as there are a daily inflow and outflow of cash in large volumes. Organizing the flow of cash is essential to have liquidity for business operations and grow better, especially when the world is becoming much smaller. As an important financial activity, cash management is now assuming a new form to meet the requirements of the modern world. This digitalization of cash management is required to store and transfer cash in the form of ‘e-cash’. A digital ecosystem allows for ease of connectivity and communication of important information. A bank can benefit significantly by making the shift from in-house employees to hiring a cash management service provider. This provider can optimize your cash distribution network, provide
Digitalization and Cash Management AutomationTraditional cash management is proving to be no longer viable. The digitalization of cash management helps in automation. As numerous, monotonous transactions are constantly taking place, digital cash management can make this entire process faster and efficient. Errors by employees in the course of their employment is avoided to a considerable extent. Therefore, the institution or business can eliminate the possibility of human error. With a variety of tools and smart functionalities, the whole cash management process is enlivened by technology.
Customer ServiceWith modern-day cash management services, there is an increase in customer satisfaction. There is an active engagement with the customer. Customers of today, millennials, in particular, are very tech-savvy and expect the banking services to be in alignment with and support their fast-paced living. Customers expect quick, timely responses. Digital money helps in making very quick, long-distance transactions. Customers can be served to their maximum satisfaction through digital cash management as it uses databases. Using these services is a great way to retain customers, encourage customer loyalty and increase the customer base.
Preventing FraudThere is a real-time record for every transaction that takes place. The digital cash management system is empowered with analytics and monitoring capacities to check for discrepancies, fraud, and illegal activities. It can keep a check on the behavioral activity and detect any suspicious deviation from the norm. With the rise in theft and loss, it is essential to optimize banks and businesses’ cash management system. With secured gateways, there is a greater sense of trust that can prevail with these systems. Integration of cash management solutions with financial institutions is an absolute necessity keeping in mind all the numerous cyber threats, cyber-attacks and the possibility of other illegal crimes that can threaten a financial institution’s service and reputation. With a modern cash management platform system, a user-friendly interface paves the way for a better overall customer experience.
Reduction of costsA good digital cash management system can help avoid all the unnecessary, time-consuming infrastructural needs and the burden of hiring employees and having ongoing obligations and formalities as an employer. Digitalization of cash management has proven to be very cost-effective in this regard. However, the existing employees themselves will find that much of their redundant, monotonous and repetitious work is eliminated because of the automation that a digital cash management system offers. And so, they have more time on their hands to meet the important needs and for the business’s core functions. With the reduction of operation costs and other organizational costs, a business can have more room for investment. Having all the business processes automated and inviting new technology such as cloud-based banking is an excellent way to reduce the costs that come with traditional cash management. A business can expect more profits this way.
Financial PlanningOpting for digitalized cash management services has the benefit of giving you a very clear-cut, accurate picture of the cash flowing in and out of your business. This allows the finance department in your business in making better, healthy plans for investment, growth, development and expansion of the business. Digitalization of cash management services has, therefore, resulted in better forecasting ability. The digital software and products available can show you where your business stands when it comes to balances, income, expenses and other important information. It will provide you with the most accurate, best financial reports regularly.
Avoiding downtimeA financial institution or a business can experience cash shortages and downtime. Digital cash management systems can reduce the possibility of these unfortunate occurrences by using accurate predictions and performing diagnostic functions. Businesses will not have to rely on a technician to come to the site for regular maintenance and to fix these issues. With remote monitoring and 24×7 superior service, digital cash management services stand unparalleled. They can even solve these problems in the system even before they occur.
Digital Services Are CustomizableA good cash management service provider offers you a wide range of products and services, from a-la-carte services to package services to customizable services. Incorporating these tailor-made-services into your business structure can optimize all your cash management processes.
Streamlining of Cash Management ProcessesThe digitalization of cash management solutions has proven to be more effective in cash-handling processes than hiring and training employees to perform these functions. These cash solutions provide troubleshooting and perform other diagnostic functions. There is undoubtedly more transparency as there is quick access to reports that effectively increase the scale of operations and business performance.
In ConclusionDue to their smart functionality and high utility, Digital Cash Management Solutions has led to increased liquidity and cash management. With a sound cash management policy, a business can strategize better and make informed decisions. It helps a business safely collect, organize and distribute the cash smoothly. Many banks, because of their diversified and complex functions, now choose to outsource many of their services.
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This Couplepreneur Is Helping Charleston Startups Attract Funding
When Belinda and Jake Hare founded Launchpeer a few years ago, they weren’t sure if they could make it. Charleston’s tech scene was still emerging and finding new business was an uphill battle. Growth wasn’t happening and revenue was so low that they drained their savings accounts, maxed out credit cards, and even missed mortgage payments. It’s a story that might sound familiar to most entrepreneurs, but one that’s rarely shared.
“The first year building Launchpeer was extremely difficult.” Jake said. “At one point, we were planning for the worst and even started fixing up a small camper that we could move ourselves and our two small children into if needed. We were all in, with no safety net whatsoever.”
After making several strategic changes and tweaking their business model, things started to turn around. The team grew from four to 22 employees in just nine months, working alongside more than 200 startups in the past two years. Better yet, the Hares didn’t have to move their family into a camper.
After their entrepreneurial rollercoaster ride, Jake and Belinda knew they wanted to do something to help early-stage entrepreneurs avoid those same pitfalls.
“We learned a lot during that time,” Belinda said, “but it would have been nice to have some support.”
Three years ago, Charleston, South Carolina was still getting its footing as a tech hub. Now, the coastal city ranks 11th in the U.S. for high tech GDP growth and 4th for its entrepreneurial ecosystem, according to Inc. It’s home to major technology companies like Blackbaud, Benefitfocus, and Snagajob, as well as an increasing number of coworking spaces and early-stage startups.
Read our coverage from DIG SOUTH at TechCo
But there’s certainly room for improvement.
“Startups in Charleston and around the Southeast don’t have the same resources as our counterparts in New York and San Francisco, especially when it comes to funding,” Belinda said.
“The local community is thriving, and thanks to our smaller scale, it’s easier for entrepreneurs to tap into all the available resources in a very short amount of time,” adds Jake. “But if we want the Charleston tech scene to continue to grow, we have to do more to prop up real, viable, revenue-generating startups so investors in larger metros will start to take notice.”
So the duo is rolling up their sleeves to make it happen.
This summer, Jake and Belinda started Launchpeer Labs, a combination of part investment fund, accelerator, and startup studio geared towards idea-stage companies who haven’t yet built a product, created a team, or secured funding to bring their idea to life.
“Launchpeer Labs is our way of propping up new startups, giving them the resources they need early so they can get to revenue, get follow-on investment, and then begin to draw larger investors to the Charleston tech scene,” Jake said.
The hybrid startup program will provide new companies with a $50,000 investment and access to a cofounding team to build their MVP and MDP. Launchpeer team members who work with Labs participants will each get vested in the equity from the Labs startups, ensuring their dedication to the long-term success of Labs portfolio companies. In exchange for seed funding and talent, Launchpeer Labs will take 30 percent equity and will require the startups, or “Founders-in-Residence,” to relocate to Charleston, SC for at least one year.
The Labs startups will work alongside Launchpeer to go from zero to fully validated, revenue generating, and seed-funded within 4 to 6 months.
“We’re providing a resource that doesn’t readily exist in the Southeast,” Jake said. “It’s one we would’ve loved to have when we started our company, and we hope it will fuel new business growth, increase job creation, and bring the investment attention our startup community needs.”
As part of this bigger mission, Jake and Belinda partnered with VentureSouth, one of the nation’s largest angel investment organizations, to help the Labs startups secure follow-on funding of $100-500K. The VentureSouth network invested $4.5 million in 15 Southeastern companies in 2023, and they’ll offer additional funds to Labs companies who meet their criteria after the program.
“The ultimate goal of this program is to continue growing Charleston as a thriving tech hub,” Belinda said. “Until now, idea-stage entrepreneurs haven’t had this level of targeted support or direct connection to investors. We’re solving that problem, all in an effort to strengthen our region’s startup ecosystem.”
What Is Digital Asset Management?
Digital Asset Management (DAM) software is a business process management solution which provides you with a centralized online hub to create, manage, share, track and find digital assets
Now imagine if the Budweiser ad featured the wrong logo or an embarrassing typo pointing viewers to a competitor’s website. Fortunately, this didn’t happen, but it is every marketer’s nightmare.
A Super Bowl commercial is a digital asset, made up of other digital assets, including; the logo, font, images, music, video, and other elements. All of it must be carefully managed to help tell the brand story.
Every day, there are more and more digital assets being created. Trying to keep track of versions, licensing and stakeholder access is harder than ever – and the chances of (often costly) mistakes increase.
Digital Asset Management (DAM) software is a business process management solution which provides you with a centralized online hub to create, manage, share, track and find digital assets.
According to leading business software site Capterra,
“Digital asset management software (DAM) is designed to keep your media files safe and secure. Be it photographs, videos, logos, and more, these systems seek to keep your company’s branding materials cohesive and protected.”
A DAM streamlines management of all files including Microsoft Office documents, video, audio, design files, and presentations. Seamless integration of your DAM with your other systems ensures your DAM is not an island – but rather, it’s the single source of cohesion for your marketing stack.
With a constantly increasing number of digital files being created and used in a multi-channel environment, without a DAM it’s easy to feel perpetually disorganized and lose control of brand assets. Trying to keep track of asset licensing, staying on top of file versions and managing stakeholder access to assets without a robust system in place is both difficult and costly. Haphazard asset management can lead to a slew of problems which prevent your marketing team from providing inspiring, on-brand marketing.
With a DAM, your marketing team, designers, agency partners and other business stakeholders have uninterrupted access to your creative files. And at the same time, you have clear processes for your creative content.
The core of any Digital Asset Management system is the ability to easily search for your digital files according to metadata you assign by tagging with keywords and other descriptors. However this is just the start of how a DAM can make your life easy. Here are some DAM use cases:
Online brandhub
Local area marketing
Creative approvals
Manage creative jobs online
Order branded materials
BrandHubWith custom brand guideline pages displayed within your DAM, not only will your users be able to access brand assets such as logos, fonts, and images, but you can also put your brand guidelines online, making it easy to access and update. It’s the simple way to keep everyone on brand.
Local area marketingWith web-to-print templates, adjusting creative content for local markets has never been easier. With easily-accessible locked InDesign templates your retailers, franchises, dealers or local markets can fine-tune specific areas of creative like location and price point. Templates link back to your DAM library so users can select their logos or images to include, if permitted. With no more clip-art surprises, you will have creative consistency across diverse markets and will save on agency fees for local customization.
Creative approvalsStreamline your creative projects with workflow approvals. This means artwork is always approved by relevant stakeholders before it is distributed, and files with talent usage rights associated require download requests so you can capture how these file are used. With audit trails and alerts, creative approvals keep everyone on the same page for brand compliance.
Manage creative jobs online Order branded materialsWith a database of promotional materials, your team or sales force can easily view pricing of each item, request customizations and order with ease.
IntelligenceBank CEO Tessa Court attributes the growth in DAM usage to the clear ROI benefits, “Digital Asset Management saves up to two hours per day in marketing administration time and promotes creative quality”. Other benefits include that it; enables stakeholders to ‘self serve’, avoids duplication, ensures compliance, and promotes consistency.
The ROI of DAMTo put it simply, Digital Asset Management makes your life easier by saving you up to two hours per day in marketing administration time. With a DAM system, you experience the following tangible returns on investment.
Save time searching for assets — instead of trawling through a chaotic shared drive or Dropbox, lightning-fast search means your stakeholders can instantly find the creative files they need
Enable your stakeholders to ‘self serve’ so the marketing department isn’t repeatedly sending out the same files
Template customization lets retail stores or dealers make limited adjustments to creative files, saving you thousands on artwork localization costs
Reduce courier costs by emailing links to large files to both registered and non-registered users
Avoid duplication of creative which is costly and time-consuming
Ensure creative assets are compliant with talent usage rights and copyright, so penalty fees are avoided.
Download the ‘What is Digital Asset Management?’ Whitepaper to learn about the many features and benefits of a DAM.
Thanks to Rob Weisz for sharing his thoughts and opinions in this post. Rob is the VP of Marketing at IntelligenceBank. He is an experienced marketing leader, having driven growth across a range of industries for more than 20 years in Australia, the US and UK.
Facebook Is Helping Advertisers Reach Previously Unreachable People, On Any Device
Facebook reports that roughly 7 out of every 10 people in the world use devices less sophisticated than a smartphone to access the Internet, like a feature phone. Many of these people reside in high-growth countries like India, Brazil, Indonesia, Mexico, South Africa and Nigeria.
Since then, we’ve improved ad delivery by optimizing for low-bandwidth connections and offered enhanced features that give brands more storytelling options. Advertisers can reach millions for people — some for the very first time — on any device and in any country.
“Missed Call” Ad UnitsFacebook has been using local insights to find new solutions. For example, in India there is a “missed call” behavior that acts as a workaround for expensive voice calls.
Think of it like how pagers used to work. People dial a number and hang up before before the call connects, that way they’re not charged for voice minutes. The purpose of this is to send a signal such as “I’m outside,” or “Call me back.”
Facebook is testing an ad unit in India that builds on this behavior:
Facebook reports that they have seen positive results in early tests, and plans to scale this product in the coming months with additional partners and markets.
New Ad Targeting OptionsGeo-targeting: Advertisers in high-growth countries can now target people by state or even multiple states in India without having to list multiple cities. Facebook adds that their teams are currently working on additional geo-targeting enhancements in Nigeria, Turkey, South Africa, India, Indonesia and across Latin America.
Facebook points out that they will continue to rethink how they develop and implement products and services in high-growth countries: “Businesses in high-growth countries need customized solutions to connect with people.”
Power Management Tab Is Missing: How To Get It Back
Power Management Tab is Missing: How to Get it Back
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When the Power Management tab is missing in Device Manager, it’s likely misconfigured settings or a problem with the driver behind it.
First, update Windows and check if that fixes the problem.
If not, you can update the driver individually, change the BIOS settings, modify the Registry, or try the other methods here.
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Try Outbyte Driver Updater to resolve driver issues entirely:
This software will simplify the process by both searching and updating your drivers to prevent various malfunctions and enhance your PC stability. Check all your drivers now in 3 easy steps:
Download Outbyte Driver Updater.
Launch it on your PC to find all the problematic drivers.
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Device Manager is the utility in Windows where all the connected devices are listed. Also, here you can identify and troubleshoot problematic hardware, and even change the power settings. But, for some users, the Power Management tab is missing in Device Manager.
This could happen due to a bunch of reasons and is likely to affect your experience due to the inability to make changes. In this case, you wouldn’t be able to configure how the system controls the device’s power and whether the device can wake up the PC.
So, read the following section to find out what to do if the Power Management tab is missing in Device Manager in Windows 11.
What do I do if the Power Management tab is missing in Device Manager?One of the first things you should do when the Power Management tab is missing in Device Manager is to update the OS. Oftentimes, a bug with the current version of Windows could be behind the problem.
If the problem persists after making the changes, head to the next method.
2. Change BIOS settingsThe USB Wake Fit feature in Windows helps wake the computer from sleep using USB devices, such as the mouse and the keyboard. If the feature is disabled, the Power Management tab may be missing in Device Manager in Windows 11, so try enabling it.
3. Reinstall the driverIf the currently installed driver is corrupt, reinstalling it should do the trick. A corrupt driver can easily be identified by the warning sign right at the corner of the device icon.
Once done, check if the Power Management tab reappears in Device Manager.
Drivers play a critical role in the way the OS interacts with the device and the relay of commands between the two. However, if the installed driver doesn’t support the option, the Power Management tab may be missing in Device Manager.
In this case, the best option is to update the driver. Also, if the method listed here doesn’t work, as is the case with a few, try the other ways to manually install the latest driver version.
Do this for all such devices where the Power Management tab is missing and once done, restart the computer for the changes to come into effect.
You can perform this time-consuming operation manually, yet there is an automated driver software capable to install or update any device drivers on your PC.
⇒ Get Outbyte Driver Updater
5. Access the Power Management tab via Control Panel 6. Modify the RegistrySince the method involves making changes to the Registry, we recommend you to stick to the steps listed here and remain careful while executing these since a minor lapse on your end could considerably damage the PC.
Also, start using an effective Registry cleaner tool to boost the system performance.
7. Perform a system restoreIf none of the methods listed here have worked, you are left with no option but to perform a system restore.
System Restore
When you perform a restore, the system is basically taken back in time to a state where the error did not exist. This is achieved by reconfiguring the settings and removing applications, among other changes, but the process does not affect the stored files.
Also, you can undo a system restore if the process does not yield the desired results.
These are all the ways you fix issues that lead to the Power Management tab missing in the Device Manager issue in Windows.
In case biometric devices are not showing in the Device Manager, here’s how you can fix the problem.
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How Does Strategic Management Work In Project Management?
Strategic management involves strategic decisions and these decisions depend upon the current state. Every time you meet a new obstacle, you don’t always need to create an entirely new strategy; instead, you could adjust the one you already have. Agile strategies allow you to quickly react to changing conditions, capture new opportunities, and maintain relevance in an ever-evolving market.
In project management, strategic decisions are very effective and support the project’s success. These decisions are always a result of your specific situation; if you are aware of your strategy, you will be in the best position to make decisions and get desired outcomes.
What is Strategic Management?Strategic management is the process of setting standards, approaches, and targets to strengthen a brand’s visibility. The main focus of effective management is to optimally allocate persons and resources to achieve these goals. Strategic management frequently includes the implementation of supply chain strategy, key process analysis, and marketing review.
Strategic Management Process Define Your Goals
Setting goals plays a critical role in expressing the mission of your brand. This stage involves establishing essential components: Set both short-term and long-term goals first.
In step two, decide the actions required to accomplish your goal.
Last but not least, modify the process to your workforce and assign each worker a duty.
Throughout this process, bear in mind that your goals should be precise, doable, and consistent with the principles of your vision.
Compile And Interpret The Data
Evaluation is critical since the information acquired here will have an impact on the other two stages.
At this point, obtain the data you can that will aid in the fulfillment of your goal.
Recognize what the firm chooses. You can view these needs as a living thing and decide what actions will help your company expand as effectively as feasible.
Examine any dilemmas that might affect your aspirations and objectives.
Observe the assets and liabilities of your company. Make a note of any guidelines as well as the marketplace.
Create a Plan of ActionIdentify the present resources the company has. Prioritize the company’s problems based on their criticality. Prioritizing is complemented by refining the technique. It is crucial to develop possible methods at this point that emphasize each element of the plan because financial and economic factors are shifting.
Actualize Your PlanIf the overall strategy does not fit with the business’s current organizational structure, a new one should be put in place. Every employee inside the company has to be acknowledged for their efforts to the overarching objective as well as to the organization as a whole. Any necessary financing or resources must also be obtained at this time. Implement the plan as soon as the team is prepared and the funds are available. As soon as the team is organized and the financing is sufficient, put the policy into effect.
Analyze And Take ActionThe accuracy of management allows the implementation of the plan according to the mission of the project. With the management, the team can work accurately in analyzing and taking appropriate action. There are numerous methods that are related to the measurement of performance measurements. Apart from that, SM allows them to monitor the challenges and hardships that a firm might face.
So strategic project management provides some remedial tactics that can be used during the actualization of the plan.
What is Strategic Project Management?The broad perspective on how the project could increase the effectiveness of the company as a whole is defined by strategic project management (SPM). To facilitate organizational breakthroughs, this methodology blends business strategy with project management frameworks and methodologies.
The process is sped up through brainstorming and problem-solving exercises, resulting in projects that are not only effectively completed but also finished more quickly and efficiently.
What Value Can Strategic Management Deliver?During the execution of the project, there are some strategies that support the project’s continual growth. If the project is aligned in the correct path, then the entire team can benefit from the project. Sometimes the organization earns profit financially and non-financially. So it is crucial to building strategic plans which support the organization’s overall growth.
Strategic Management’s Value in Project ManagementBusinesses can spot prospects that periodically present themselves with the aid of corporate strategy, which also helps them get ready for market competition. Businesses are also informed of potential risks that could eventually harm them. Firms that establish and carry out plans incrementally are capable of expanding and skillfully tackling impediments in their path.
Let’s look at a few more reasons why strategic planning is essential for any business −
Future decisions made by the organization will be guided by the organization’s past strategy.
Better organizational performance is the result.
Plans are created taking current market trends into account, giving firms a competitive edge in a shifting market.
Using a step-by-step strategic approach, objectives can be reached effortlessly.
Strategic Management Allows Businesses to Opt High Valued ProjectsWhen every task is executed acknowledging the goals, then it will intend to provide optimum outputs. This can be possible with proper tactics that should be narrated before the onset of the project. If the chosen projects and way of executing tasks are aligned according to their goals, then future new projects can be added that are highly valued. Also, it can provide maximum profit to the organization.
Desired Outcomes Recognition Of New Approaches ConclusionUpdate the detailed information about How Is Digitalization Helping Cash Management? on the Bellydancehcm.com website. We hope the article's content will meet your needs, and we will regularly update the information to provide you with the fastest and most accurate information. Have a great day!