Regardless of the industry in which the company operates, it needs to honor its legal commitments, meeting deadlines and keeping books up-to-date. In this regard, financial accounting is necessary to keep all accounts, whether internal or external, organized.
Therefore, the manager needs to be organized in order to make payments and keep the cash flow always positive. That is what we are going to show you in this post. Read on!
Financial accounting is a way of using a company’s statements as a means of information for external agents, such as governments, shareholders, investors and financial institutions.
Thus, each external agent will use the information according to their needs. It can also be a way of monitoring the company’s financial health.
After all, it is necessary to always be careful to avoid potential drops in sales or pay attention to news that could affect the investments.
The purpose of financial accounting is to keep the legal obligations of a company up-to-date, making an adequate planning within the economic reality of each business.
In addition, the initiative analyzes data from both the past and the present, in order to establish a position for the company.
By knowing the financial health status, it is possible to present comparisons, stipulating investments or withholding expenses, all with a focus on management.
The financial statement is carried out by analyses in specific fields, presenting a systemic view of the business. To that end, there is nothing better than having management software.
There are statements that help in calculations, presenting the results that will guide the accounting. Here is what they are!
This is a statement that shows the company’s equity.
It contains everything the company has, from equipment to real estate.
Thus, the BS is formed by assets, rights and obligations that the company has, whether they are increasing or decreasing. With it, it is possible to measure cash, liquidity, indebtedness and profitability.
The IS presents data on the company’s operating and non-operating activities.
In most cases, it is prepared once a year, always focusing on compliance with legal requirements.
But it can also be done in a shorter period, mainly for internal control purposes. In this statement, inflows and outflows are considered, as well as taxes.
This statement is very similar to the IS. It indicates financial transactions and includes, in addition to cash flow, financial investments and bank accounts.
In general, financial accounting is a fundamental activity to keep payments up to date and to always have data to assist in decision-making.
As such, the planning and the financial control become everyday operational partners. But for everything to run well, there is nothing better than relying on technology.
Financial accounting is essential in any business, and it is part of the routine of managers who always want to evolve and keep the budget in the black.
So, do you want to know more about accounting? Then read this post and learn about the accounting break-even point.
Nowadays, with the high competitiveness among companies in the market, it is increasingly difficult to know how to stand out from the competition. But if you want to succeed and achieve good results in your business, it is essential to come up with good strategies to make this possible.
By finding alternatives to distinguish your company from your competitors, you are able to satisfy customers, set up good business strategies and maximize the profitability. Here we have excellent ways for you to stand out and get expressive results. Keep reading and check it out!
Knowing who your competitors are and what they do is the first step to achieve success in your business strategies. Therefore, research them and try to understand how they are positioning themselves in the market to find opportunities for your business to stand out.
That way, it will be much simpler to identify the points your company can improve to serve your business’ consumers while gaining new customers. By implementing this tip, your chances of achieving good results will be optimized.
It is necessary to know who your potential buyers are, as well as their wishes, expectations and preferences, so that you can adequately serve everyone and distinguish yourself from your competitors.
Therefore, try to understand what characteristics your target audience has, such as: what age group they are in, what they usually consume and what is their willingness to pay. That way, it will be possible to attract and retain customers more effectively.
Constant innovation is a characteristic of successful companies. Therefore, find out which innovations can be applied to your business and use them to improve your company’s results. Also, keep in mind that innovating is not just about adopting technological solutions.
The possibilities for innovation are related to customer service, as well as to achieving a more efficient sales process, carrying out a captivating after-sales service, and having the company’s processes very well defined. By adopting solutions that help in this regard, you will certainly stand out from your competition.
There are some ways to add value to your brand. For example, having a good name for your business can be a good alternative. Investing in marketing strategies by using social media, valuable content and a quality visual identity can also help in this regard.
As a result, your company will be able to consolidate its name in the market and, consequently, stand out from the competition. It is worth emphasizing the importance of offering value to your customers in every approach you take. That way, whenever they need something that you sell, they will certainly look for you.
Nowadays, offering a good shopping experience for consumers is essential to distinguish yourself. Therefore, have good service channels, follow the customer’s journey and look for alternatives that can make life easier for them. What they look for in your company are solutions and, by focusing on the customer experience, you will be able to deliver.
Did you see how there are several strategies to stand out from the competition? One of the main factors that affect your performance is the use of management software. With this resource, you can make your service more streamlined, automate tasks, free up employees for other activities, and have more information for decision-making. Using technology in favor of your business is one of the key ways available to distinguish yourself and grow in the market.
Did you like our article? So, continue with your studies and check out “How management software helps the company’s profitability” and find out how it can help your business!
The routine of a hospital involves different departments with very different demands; in other words, the management of resources must be impeccable, and done always with the help of technology. After all, it is necessary to implement several processes in order to identify, acquire and manage everything that is required in the day-to-day operations.
So that you can always keep the resources well organized, we will give you some essential tips in this post. Check it out!
Resource management is a way for the manager to account for everything that exists within a hospital, having a thorough control of equipment, supplies, raw materials, human resources, etc.
In general, it is an operational organization, inserting into the software all the property specifications, including data that help in new acquisitions and management.
As a result, waste is avoided and there is a better use of materials, whether physical or the team’s.
Resource management aims to improve the hospital management, optimizing time and reducing costs, which has a direct impact on increasing the productivity.
By keeping everything under control, it is possible to put into action plans that are properly aligned with the hospital’s budget reality, avoiding decreased revenue or even loss of equipment.
For example, by knowing how many sheets are available in the hospital, the manager will have an indication of when exactly they should acquire new ones, always maintaining the quality of care, with a focus on patient satisfaction.
Now that you know what resource management is, we will give you five tips that cannot be forgotten in your hospital.
The first tip is essential: you need to make plans for actions, as well as for everything that exists in the hospital.
To this end, carry out a survey on the amount of equipment, number of beds, employees, cash flow, financial reserve; in short, resource management starts with knowing the reality of the place.
Once this information is inserted into the software, you will have a systemic view of what you can do.
Once you know the amount of material and human resources existing in your hospital, with the respective numbers for each department, it will be possible to set management goals.
That is because the numbers help to set goals that can be achieved in a given period. As a result, the management is professionalized and has the potential for various improvements.
A resource management checklist will provide many advantages. Among them, we can mention the identification of resources that should be acquired, maintained or eliminated.
That way, you will know which departments need more nurses, which can be reduced, and the segments that need new materials.
As a result, the hospital’s operation will follow a quality standard, preventing the lack of certain materials or their loss due to the expiration date, as in the case of medicines.
Resource management isn’t put into practice overnight. It requires multiple processes. Thus, setting up a schedule is essential for you to not get lost in the activities.
Set specific and realistic schedules for each department, including those related to physical and human materials.
By setting goals for completing the steps, you will certainly be able to accomplish everything that is needed improve the management of the hospital.
Counting on the help of the team is essential for your hospital to achieve the pre-established goals. In this regard, it is important to keep the communication objective and always focused on everyone’s well-being.
Motivate your employees and hold meetings to follow up on the results. Once again, management software is crucial to keep the reports up to date and properly monitor the performances.
As you can see, there is nothing better than always relying on technology in resource management. It is an aid that brings gains in competitiveness and greater market presence, keeping management at a level of excellence.
Are you still not familiar with our IT solutions? Then take this opportunity and contact our team right now!
What is telehealth? In short, it is another technological advance that emerged with the purpose of offering more convenience to both physicians and patients. Boosted by the advance of the COVID-19 pandemic, this type of service is increasingly on the rise.
When used wisely, telehealth can become a very valuable resource, as it makes it possible to reach more clients, delivering a quality service. If you want to know how telehealth works and what its advantages are, keep reading!
Telehealth is a trend in telemedicine. It is an application that allows the exchange of information between the doctor (and other health professionals) and the patient by video calls.
Thus, this service has multiple functions such as basic clinical appointment, checking test results, providing accurate diagnoses, transferring knowledge between specialists, and prescribing medications.
Through Telehealth, a patient can make an appointment with a physician without having to go to a clinic or hospital. This possibility allows obtaining medical care, in real time or asynchronously, in situations where this would be difficult.
This kind of remote care service can be classified into two types, each one with its characteristics and benefits. To learn more about them, check out below!
Synchronous telehealth is defined as a service in which the physician sees the patient in real time. In this situation, the appointment has to be scheduled and the client can quickly access the diagnosis, so that they can ask questions and receive answers immediately.
It is the procedure that is most similar to the already known face-to-face appointments. It can be done by videoconferences, voice calls and message exchanges, although this last option is not considered very efficient.
On the other hand, asynchronous telehealth is characterized by the fact that the service is not provided live. The hospital or clinic sends questionnaires and forms to the patient, who sends them back to the physician. This procedure is indicated for non-urgent cases – those that do not need direct interaction between the professional and the client.
This new form of care is a technological innovation that is changing the traditional way healthcare professionals and patients meet. Although some experts are wary of these transformations, it is important to know and keep up to date about them. Check out some advantages of implementing telehealth:
By reducing the distance between healthcare specialists and patients, this form of remote service allows providing care to more people, so as to increase the potential practice of the professionals involved. Therefore, knowing about telehealth is essential for the smooth running of the businesses.
Did you find this content educational and interesting? Then share it on your social media so that more people can stay on top of it!
In order to have an excellent hospital care and achieve patient satisfaction, extraordinary measures are not necessary. Not even high investments and expenses.
Understand that, in many cases, poor service can be as costly as a good service. In this article, we’ve listed six of the main practices for hospital care that provides well-being to patients in hospitals and clinics.
Read on!
Know that no matter how efficient the doctors and employees of a hospital are, it can go bankrupt if there is no control over the finances. Manual processes and the use of basic electronic spreadsheets can no longer keep up with the demand for care.
That is why financial management software has become a trend in healthcare institutions. To streamline processes, these solutions have interfaces that help in various procedures, including during the service.
Valuing the human being must be one of the most important missions to be followed by hospital networks. Therefore, full attention must be paid, from the clinical care to the physical conditions of the environments.
Knowing how to listen is an art that, in most appointments, is as important as the prescription of medications. In some cases, certain patients develop certain pathologies for reasons that arise from their own affective need.
We know that the body also suffers if the head is not doing well. In these moments, the professional who is prepared to listen can determine more assertive diagnoses. This avoids the use of too many medications and gives the patient more confidence.
Even though it is an essential service that deals with life, hospital managers who think they can charge high fees for their care are mistaken. Competition exists n all sectors of the economy.
Know that even the public system competes with the private network. Therefore, the practice of fair prices, in addition to being important for the institution’s permanence in the market, is a matter of humanity.
In addition to being mandatory to comply with the legislation, compliance with sanitary requirements is a matter of quality and safety of services. Therefore, following legal requirements is one way to provide adequate hospital care.
Note that the provisions contained in the law are the minimum parameters. If the hospital thinks it can carry out one or more procedures that are better than the one provided for in the legislation, it will be able to do them.
Investing in education is one of the best things an entrepreneur can do with their money. Well-trained employees return the investment to the organization in short periods of time.
Some business owners don’t realize this, so it is up to department managers to show them the advantages of this initiative. After all, these leaders are the ones doing the service on a daily basis.
So, do you see how practicing good hospital care is a strategy that can be simple? Focus on everyday humanitarian gestures, take advantage of technology, and follow the legislation.
Financial technology is one of the most efficient solutions made available by the digital world to companies. Through it, managers and entrepreneurs can have the enterprise’s financial situation literally in their hands, at any time.
Considering the speed in which businesses are carried out today, taking advantage of time with the least possible error is essential for companies. Thus, those who intend to remain competitive in the market need to take advantage of the benefits of technology.
Due to the relevance of this subject, we’ve prepared this article and listed the four most important advantages that financial technology offers for your business. Let’s do this!
Real-time data tracking is undoubtedly an essential benefit of financial technology. With it, managers are able to have the situation of the company’s finances in the palm of their hands. Know that this can prevent the loss of great businesses.
Imagine a scenario in which the opportunity for an investment or partnership in a business comes up, and it must be decided immediately. Due to a lack of quick knowledge of the financial radar, managers may decline the negotiation and hand it over to the competition.
In addition, financial data can be accessed from anywhere. There is no need for the manager to be present at the company’s premises or at a desktop computer.
Concentrating information in one place is not just an administrator’s dream – it is actually possible. Financial management software allows managers and auditors to access several data in a fully centralized way.
With these digital technological tools, audits can be performed faster and with data security, as there is no risk of duplicated information and no need to access various platforms, spreadsheets and company employees.
The best financial management solutions available on the market allow for the integration of the various sectors of the company. That way, it is possible to have a more comprehensive knowledge about the organization’s costs.
This globalized view offered by software helps leaders, allowing them to make more assertive decisions. This is because they will be carried out based on a variety of data, thus, their analyses become strategic.
Financial management software allows managers to find out where their companies’ biggest expenses are. This enables them to look for alternatives that can reduce their costs, changing executive processes or searching for new inputs.
We know that payrolls increase company costs, making entrepreneurs aim at leaner companies. Due to its processing speed, the software can reduce the costs of hiring employees.
With all that said, we believe that there is no doubt that financial technology is beneficial to any company. Implementing this solution will bring greater efficiency not only to the finance team, but to the entire enterprise.
In order to obtain all the advantages of financial technology, we recommend hiring companies that are recognized in the market. MyABCM is a global company with over 25 years of experience that operates in over 50 countries.
Did you like this subject? If you have any questions or want more information, don’t hesitate to contact us.
Nowadays, the term “FinTech’s” is widely used. It refers to startups and companies that innovate and redesign the field of financial services with projects and plans entirely based on technology. The name is formed by joining the word “financial” with “technology”. In several countries, such as the United States, it is possible to find several enterprises related to this subject.
Through them, we are able to see major changes and innovations in the areas of processing and cash flow. Therefore, it is essential to learn about the revolutionary examples in order to extract ideas and know how they managed to stay in the market and achieve success.
We’ve prepared this article with 4 examples of international FinTech’s. Check it out!
According to a study made by KPMG and H2 Ventures, Ant Financial is 1st place in a list containing 100 prominent FinTech’s in the world. This Chinese startup is valued at $150 billion, which is why it is considered the most valuable in the world. It is worth noting that it is controlled by Alibaba, and it focuses on offering payment methods.
The practice, through the technological resources used, allows the customer to make a payment simply by smiling, by facial recognition.
Square was structured by Jack Dorsey, creator of the social network Twitter. This North American fintech is responsible for meeting demands regarding payment methods. Currently, the startup is valued at $ 5.1 billion and still has great growth and profitability potential in the short term.
Aiming to innovate the sector of brokerage and mortgage services, the founders of Trussle developed a solid and very promising project. We know that negotiating mortgages with multiple lenders can be quite a daunting task.
In this regard, Trussle fulfills the role of finding the best option, in addition to monitoring the market situation at all times and signaling when an enterprise with a better strategy emerges.
Finally, we have “the new money formula”. The startup Circle is based on a payment platform where users can send and receive payments through apps. Some time ago, it raised $100 million, which made the fintech’s valuation soar by nearly $3 billion.
One of Circle’s intentions is to develop solutions to solve the problems of the crypto world, mainly in terms of instability. In addition, it is interested in making payments easier and changing the market’s relationship with these ways of managing money.
So, these were the main examples of successful international FinTech’s. You can see that these startups have the potential to completely revolutionize activities and services related to the financial sector.
Did you like the article? Then share it on your social media so that your friends and family can also learn about this subject!
The ability to process and analyze data is one of the cornerstones for the growth of companies. But success doesn’t just depend on the availability of information. Strategy is also a deciding factor. And this is the advantage that we added with our new partnership.
This month, we consolidated a valuable alliance with SAP. The world leading company in ERPs and business management now offers to its clients a flexible and efficient solution for cost and profitability management: the MyABCM Connector for SAP HANA.
It promotes strategic decision-making by combining its analytical power with advanced tools for managing and controlling costs and profitability.
Learn more about the partnership between MyABCM and SAP below!
The new MyABCM Connector for SAP HANA component is the key to the integration between the systems. It will allow SAP clients to access the features developed by our team to master their business finances.
The module will create an advanced planning and control environment, where users will be able to visualize and better understand their different cost sources. And most importantly, it will be possible to visualize, in real time, how they interact with the other areas of the business.
This means that the resources of both software can be used together, by consolidating and importing the information obtained between the platforms. Thus, with the MyABCM component, the SAP client will be able to develop a deeper understanding of how the costs impact the company’s management and how the different spheres of the organization relate and contribute to its profitability.
Learn about the technical features of the activation of the component:
Our priority has always been to offer advanced solutions in cost and profitability management. And with this partnership, SAP clients will now be able to control the business’s resources in a module that is fully integrated with their ERP, combining several features.
The management solution seamlessly integrates with SAP HANA, allowing you to apply specific allocation criteria and business rules. As a result, the users benefit from dynamic management analyses, which are obtained from a system developed with the particularities of their business in mind.
Learn about the advantages of integration:
More details about the partnership here.
More information about MyABCM on the SAP website here
In a reality of great competitiveness and exacerbated individualism, the humanization of care is increasingly valued, becoming a competitive advantage. With it, patients recover more quickly, and it also directly impacts the motivation of employees.
For you to understand this procedure and how to put it into practice, we created this post with the essential information. Check it out!
As the term itself suggests, the humanization of care is about valuing the person fully. Thus, all approaches should be made in a loving and respectful way.
To put it into practice, it is necessary to listen and care for all patients, establishing an honest and ethical relationship.
Humanized care takes a broad and comprehensive approach, exploring the emotional aspects instead of focusing only on the consequence of a certain disease.
As such, the humanization of care begins at the reception, and ranges from infirmary beds to security; in other words, it should be present in all services existing in a hospital or clinic.
Hospitals and clinics that adopt humanized care are able to obtain greater credibility and even better recovery rates.
After all, when patients feel welcomed, the chances of recovery increase considerably. But there are many other benefits, such as:
Upon realizing that they are receiving quality care and being valued as a human being, the patient will have confidence in the hospital or clinic.
For this to happen, all employees must be properly trained, including service providers.
That way, right at the reception, special care will be taken when collecting data; an eye-to-eye contact instead of just filling out bureaucratic forms.
You know that nurse who talks and even plays with patients? This type of professional is extremely important to help in recovery, as they bring joy and optimism during a delicate moment in people’s lives.
In addition, by putting humanized care into practice, patients will realize how important they are and will be more motivated to recover.
After all, when the team respects the individualities of each patient and carries out a treatment with affection, observing the family condition, their psychological, social and cultural history, their fears, anxieties and limitations, there is a greater confidence that reflects on the optimism about the medical procedures.
By listening carefully to what patients have to say, the affective memory is inevitably put into practice.
People can remember positive relationships, such as the affection of a mother, the hug from a friend, the love of a brother; in short, these are aspects that contribute to the emotional side, giving more strength in coping with the disease.
Given the benefits presented above, the humanization of hospital care is a global trend that is already part of the protocols of numerous countries.
This reality is also present in several other areas of the economy, even with the ever-increasing advancement of artificial intelligence.
That is because no robot works without a human presence. As we live in society, the humanization of care is a premise that should always be valued, bringing more harmony and quality of life.
Did you like our post? Do you want to always stay on top of our news? Then visit our LinkedIn page!
Managers of large companies are always looking for smart solutions to optimize the corporation’s results, tasks and sectors. In an effort to have more reliability and automate processes, we have two options: CRM and ERP.
These systems are capable of ensuring a better development of many routine activities. However, companies have distinct needs and conditions that should be considered before making any kind of investment.
Although both offer benefits for your company, each of them has some important and unique characteristics. To learn more about the advantages and how to choose between CRM and ERP, keep reading this article.
What is ERP and what are its advantages?
ERP (Enterprise Resource Planning) is a type of management software aimed at data integration, which allows daily processes, such as billing, cash flow, purchase control, inventory, accounts, expenses and tax collection, to be carried out more efficiently.
That way, it is possible to control the information flow in a single system, allowing full management, administration and solid basis for decision-making in all sectors of the company. In addition, its main advantages are:
Issues that an ERP system can solve
The managers of an organization face many challenges, such as controlling the responsibilities of each employee, meeting deadlines and ensuring the quality of service. In this case, many problems are generated by the inaccuracy of information. An ERP system can solve many of them, such as:
What is CRM?
CRM (Customer Relationship Management) is a solution aimed at internal management, more precisely at strategies for sales, marketing and even customer relationship.
To that end, it works in the identification of the best strategies and in methods indicated to increase your sales, protects the company’s confidential information, and can also improve your services or products. What are the advantages of investing in this type of system? Check it out:
Issues that CRM software solves
In addition to the benefits of this tool, it helps to solve several problems, such as:
Thus, this technological solution helps to ensure strategic information so as to make the work of managers easier and avoid losses in the business.
After all, is it worth it?
Absolutely! When CRM software and ERP management systems are chosen according to the business’s needs, the company can stand out in relation to the competition and process efficiency.
In addition, this type of investment may increase the articulation capacity of your sales team, which makes the decision-making easier and allows carrying out improvements in cost reduction and marketing strategies to boost sales.
Why integrate CRM and ERP?
Integrating the finance department with the commercial sector ensures greater agility in negotiations and sales. From there, your company’s marketing team has more information from a financial point of view. Furthermore, these tools ensure efficient sales, making them faster and more dynamic.
Integrating these features also allows your team to have access to a variety of shared data. This also avoids duplicate information, reduces costs and rework, and ensures a better use of resources.
Another interesting factor is that merging CRM and ERP helps your business grow. When they don’t work together, they need to be kept up to date frequently, and any change to one of the systems creates the need to change the other. Therefore, by cross-referencing the information and with faster sales, it is possible to make more accurate decisions and strategies.
The integration of these tools also guarantees the information security in the company. That is because it is possible to unify the database and rely on CRM and ERP software that store all files in the cloud. That way, managers avoid data loss and document leakage, which are factors that harm the company and its customers.
How to do this integration efficiently?
At this point, it is essential to customize the merger between CRM and ERP. To do so, look for suppliers that customize the tool and provide systems for simple and complex implementations that handle large volumes of data.
Moreover, the company needs to invest time and money in this task. It is also important to plan these processes in order to perform all business activities as expected. To obtain more satisfactory results, a tip is to make this adaptation according to the business’s needs. That way, you can avoid problems with software and improve your team’s internal processes.
How to choose?
CRM and ERP are systems with different goals: ERP is aimed at financial control, while CRM is about consumer management. With that said, both software can be implemented in the corporation.
CRM is critical for companies in the sales industry, whether it’s products or services. As such, it is very useful at all stages of the enterprise, even in those in which the managers are already looking for improvements and growth. In turn, the ERP system is necessary for all businesses that seek efficiency in resource management.
Often, the absence of these two tools in an organization negatively impacts the business’s results. After all, the company will not have a resource that automates processes and improves earnings. As a result, it will not modernize its operations and will use outdated tools that hinder its development; thus, it runs the risk of being overtaken by competitors in the market.
Both CRM and ERP software should be seen as smart investments for your company. After all, for any type of business to stand out in the market and have a healthy growth, it is necessary to adopt strategies that improve its sales team and ensure complete control of the entire financial situation.
Was this content helpful? To keep up-to-date on the business world and get tips to succeed in your management, sign our newsletter and receive our news.
