DRIVING OUTSOURCING DECISIONS FOR NONPROFIT ORGANIZATIONS
October, 2017 -Nonprofit organizations are significant contributors to the American economy. According to GDP data compiled by the World Bank, the global nonprofit industry were a nation and it would have the sixteenth largest economy in the world. In addition to the economic activity created by nonprofit organizations and the countless services that are delivered by them on behalf of government agencies, nonprofit organizations are also one of the largest employment providers across the country.
Charitable giving in general is closely tied to stock market performance, and the periods of extreme volatility over the last few years have a delayed effect on donors. As a result, many nonprofit organizations saw their personal and donor-advised fund balances decline in the last few years. However, lately charitable giving is on an upward trend and organizations across the sector are reporting increased number of donations, philanthropic help, and volunteers all over the country. Continue reading AMERICANS ARE GENEROUSLY DONATING
- Transitioning their business to cloud from on-premises without disrupting end user subscriptions
- Development of talent in the organization to support the transition
- Infrastructure to provide dedicated 24*7 technical support
- Managing customers billing
- Ability to scale to business demands in a short span of time
Continue reading SOME OF THE OTHER CHALLENGES THAT MICROSOFT PARTNERS NEED TO OVERCOME TO ENCASH THE OPPORTUNITIES OFFERED BY CSP PROGRAM
Retail is one of the fastest growing and most competitive sectors these days. Although, managing a retail store looks like a simple concept of buying from a manufacturer or a wholesaler and selling the goods at a profit to the end consumer. However, this is not as easy as it looks like. There are some peculiar challenges which retail organizations face on a daily basis like managing the accounting of their retail store, granularly analyzing the business expenditures and revenues, while keeping their customers satisfied and happy. As a result, it is common that both large and small retailers face impediments, whether it’s about maintaining a potential price point or serving customers interested in buying from their store. Continue reading Top Three Challenges Facing Retail Industry
In this era of technological advancement, it is important for the organizations to ride the wave of digitalization to stay competitive and relevant in today’s marketplace and SMB’s are no exceptions to this. In the market which is increasingly evolving and becoming more competitive it is becoming difficult for the SMB’s to manage their daily operations along with developing their IT infrastructure. One of the best ways out to overcome this problem is to outsource IT processes to a trusted service provider who can offer technical support services or end to end managed services. Certainly, this is not an easy decision to make, as most of us have some set of perceptions and beliefs about outsourcing and are not sure of the outcomes and the resultant synergies that outsourcing can bring in. Continue reading DEMYSTIFYING MYTHS ON OUTSOURING YOUR IT PROCESSES
In today’s highly competitive business ecosystem, optimal utilization of time plays a vital role to lead the business towards sustainable growth. Bookkeeping and payroll administration are tedious and comprehensive tasks that requires undivided attention and accuracy at the same time.
Bookkeeping, processing, and reporting your own accounting and small business payroll information may save you money on professional service expenses, but is it really worth it?
You could be spending more time than necessary on all the accounting details that you have and little time doing what you should be – focus on your business. Additionally, non adherence to accounting regulations can lead to your company incurring severe penalties imposed by the Internal Revenue Service (IRS). As a result, SMB’s are now looking forward to partner with trusted service providers who can help them streamline labor intensive processes such as bookkeeping & payroll. Continue reading 3 QUESTIONS TO ASK BEFORE OUTSOURCING THE BOOKKEEPING AND PAYROLL TASKS OF YOUR BUSINESS