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Given the fact that some people are asking for an end to cash transfers and some companies are preferring to go cashless, cash transactions are still commonplace. Cash management systems are integrated tools designed to help businesses handle cash processing from end to end. Most cash management programs are created to help from the point of intake to reconciliation. They can streamline the process, which has numerous benefits for businesses.

What is a cash management system?

A cash management sys

Are you newly working from home? Or are you an old pro? Either way, it is likely you are using some form of remote desktop protocol. Those of us who have been working home as our primary means of earning a living, know these tools very well and are accustomed to eliminating the various distractions in our home environment in order to get the job done. There are some precautions to be aware of.

None of us think that we are going to get hacked, even though we have seen time and time again that it i

S-curves are beautiful things. They are wonderful for helping to decide where we are and where we want to be. From what I have heard and observed this week, it is time to slide back down the curve a bit. Let me explain.

The figure below is the one I show to boards and executives when I describe for them the value of a strong approach to risk management. You move from feeling or being vulnerable and exposed, to adaptive, to resilient. And if you are very, very good, you become agile – making rapid

I see more and more talk about Risk Assurance and Risk Attestation (together with so many advertisements of people and organisations offering these services). This sounds like getting stuck even deeper in the trenches of the 3/4/5 Lines of Defense by trying to provide confirmation that “nothing bad will happen on my watch”. We will take NO risk, nobody will stick out their head and nobody will get hurt----we will also make NO advancement on the battlefield of business; something similar to what

Mobile app development has changed a lot in the past couple of years. The usage of complicated programming languages and automated features which are falling into the big world of Machine and Deep Learning have definitely impacted the way many people are approaching the topic. The usage of PWA(Progressive Web Applications) and other forms of simplified architectures within mobile app development has been the first step in using server-oriented applications, a matter that, in a cloud-oriented dev

Robotic process automation (RPA) has provided enterprises with diversity and better capabilities to adopt as well as to adapt to changes. Robotic process automation services have made this possible by transforming business processes into convenient and user-centric ones. Recent years have witnessed phenomenal growth in the adoption of RPA in the corporate world.

What is robotic process automation?

Simply put, robotic process automation tools help to configure the existing computer software. The to

The amount of time the Board of Directors spend on their work and commit to strategy is rising. Directors say they dedicate more time now to their Board duties than ever before.  In fact, since 2011, the directors have cut in half the gap between the actual and ideal amount of time they spend on Board work.

In the newest McKinsey Global Survey on Corporate Boards, the results showed that strategy, on average, is the main focus of many Boards.  Yet, directors still want more time for strategy when

Computer Numerical Control (CNC) metal-cutting machines are growing in popularity across the manufacturing sector. In the past, many manufacturers have used machines that have been controlled by qualified engineers. Currently, nevertheless, computers make it possible for people with less training to operate and control CNC machines.

Recent advances in digital technology, particularly embedded systems, have now enabled companies to make low-cost machines for real-time applications. In today's CNC

Enterprises invest in Analytics to improve Decision Making and outcomes across the business. This is from Product Strategy and Innovation to Supply Chain Management, Customer Experience, and Risk Management. Yet, many executives are not yet seeing the results of their Analytics initiatives and investments.

Every organization putting on investment in Analytics has experienced several stumbling blocks. This differentiates the leaders from the laggards. Analytics-driven Organizations have clearly es

Human judgment can be unreliable as these are all susceptible to errors. In Strategy Development,  organizations make a lot of strategic decisions.  These strategic decisions share a common feature: they are evaluative judgments.

In making these tough calls, a large amount of complex information must be weighed down and evaluated.  While some management decisions are made without weighing quite so much information, yet strategic decisions involve the distillation of complexity into a single path

Business dashboards are important tools to measure key performance indicators and data pertaining to an organization or certain procedure.  Just as a vehicle dashboard is powerful performance management tool in summarizing a performance of a multitude of processes, a business dashboard summarizes the performance or impact of a host of functions, teams, and activities; and assists in Strategic Planning and decision making.

Business dashboards simplify sharing and analysis of large data, and help

In the world of healthcare, risk can be considered one of the biggest dangers to patients. It’s a core element that is considered in the industry to ensure patients remain safe. Unfortunately, it’s impossible to completely remove risk from any site. However, any effort to ensure that it’s reduced can be extremely positive in making sure there’s less chance of it happening. 

In healthcare, the list goes on about ways that patients and staff can keep safe in their working environments. The safety o

High performance fibers exhibit extraordinary mechanical properties. These high performance materials are made of ceramics, metals, carbon, and polymers. High performance polymer fibers integrate excellent mechanical properties with low weight.

High tensile strength and high resilience are the two main properties of the high-performance fibers. For some polymer materials, high tensile strength can be obtained using high drawing ratios and high molecular orientation (e.g. for Aramid / Kevlar) duri

The current pandemic crisis has left many countries in a perilous position. Both governments and businesses alike have been severely unprepared for the pandemic, causing issues across the world. This is because many institutions simply do not have the right level of preparations in place needed to deal with an outbreak at the magnitude of COVID-19 (commonly referred to as coronavirus). 

Of course, now it is too late to put these in place and affect the current situation. But once we come out of t

Knee braces have found their applications in a wide range of problems and illnesses. Functional knee braces are designed to replace damaged ligaments. For instance, a patient who has an ACL tear can be offered to wear a knee brace to allow certain activities to be performed without surgery. Prophylactic knee braces are used to prevent injury to the knee. Prophylactic knee braces are worn by sportspeople who engage in some high-risk sports to reduce their risk of a knee injury.

What are knee brace

Richard Branson, British business and philanthropist once said: “One day, offices will be a thing of the past.”

While organizations still need to travel to reach their physical offices, the rapid changes in the world are requiring businesses to form Virtual Teams. A Virtual Team refers to a group of individuals who work together from different geographic locations and rely on communication technology such as email, voice conferencing services, fax, etc.

Virtual Teams work well for an organization

The business has become more challenging as the global market becomes more demanding. This change in the global market is putting pressure not only on Management but also on the Board. Strategy Development now demands that organizations should not only be effective but there should also be Board Excellence.

Today, the demand has ceased to be about spending more time. Boosting the effectiveness of the Board is not anymore about spending more time. The urgent call now is to focus on changing the na

Categorising beyond Type 1 and Type 2 decisions that I wrote about in my last couple of blogs can help decision makers. And right now, decision makers across the world can do with all the help they can get given the recently declared pandemic.

The four Cs are Core, Complicated, Complex and Chaotic. The person behind this type of thinking is David Snowden and his Cynefin Framework shown below. The only difference is the category I call Core, he calls Obvious. As in decisions for which the answer s

Rhinoplasty is among the most widely available facial plastic surgery procedures. The procedure can improve cosmetic and functional problems that people may have with their noses, and also addresses breathing problems and/or nasal shape, size and symmetry. As with any surgical procedure, rhinoplasty presents risks and benefits.

Rhinoplasty is practiced to enhance breathing conditions or to change the shape and size of the nose. Fixing a broken nose after an accident or trauma, treating the sinus