If you run a business online and still rely on
traditional payment methods, you are trading at a disadvantage. Card payments
may be based on the transfer of digital information, but they were not invented
with the internet in mind. Accordingly, they are cumbersome, slow and leave
both the buyer and the seller open to fraud or the theft of sensitive
information. Commonly-used online payment methods like PayPal are not so much
the solution to this problem as a way to exploit it, with big profits going to
Cryptocurrencies are the only payment method created
by and for internet natives. They represent a digital currency for a digital
era and, of course, the most well-established cryptocurrency of all is bitcoin.
Although it has many rivals, bitcoin is presently the most secure and widely
accepted cryptocurrency on the planet. It is also the one that has gained the
most in value since it was introduced in 2009.
One of the biggest advantages of using bitcoin for
online businesses is that it allows you to send and receive payments instantly.
This is because bitcoin is a decentralised digital currency that is traded over
a peer-to-peer network, with no third parties taking their time processing the
payment. With conventional payments sometimes taking up to several days to go
through, especially in the case of international arrangements, this is a huge
As well as speeding up your business dealings,
accepting bitcoin also allows you to meet the needs of your customers more
quickly. In the modern age, where everyone expects immediate service, this
gives you a distinct advantage over your competitors. Telling someone they have
to wait while their payment is processed is tantamount to saying they might as
well shop elsewhere.
Lower transaction fees
Compared to banks and … » Read more
In this small publication we want to guide you through
the multinational corporate ERP selection and implementation phase, where we
use real case studies of our international ERP consulting practices:
1. Corporate ERP at US Headquarters
Here you often have little room for change, because
your organization may have invested a few or even years ago for an intermediate
accounting application and everyone is happy with this historical choice. In
our example, we assume that your company’s ERP is Microsoft Dynamics GP,
previously known as Great Plains Dynamics or enterprise. Let’s assume that
Great Plains is in production and you have a strong number of FRx financial
statements to cover the Financial and Managerial Accounting versions of the
Balance Sheet, P&L, Cash Flow Statement with the consolidated version
2. Overseas manufacturing facilities.
Let’s assume that you acquired a company in Brazil,
the Sao Paulo area if now you need to apply a local accounting application. The
first idea might be the following – we have already purchased a Dynamics GP
license, why don’t we add a new company to our current Great Plains
installation and are our operations in Brazil recorded there? Well,
theoretically you can do that, but there are a few things to consider. First, you
must be aware of the ERP you choose is translated into Brazilian Portuguese,
and second – is your ERP compliant with Brazilian law? If you do your research,
call the Microsoft Dynamics subdivision, you will get the answer. Instead,
Microsoft might recommend you to use Dynamics AX, previously known as Axapta,
or as an alternative backup – Dynamics NAV Navision. Great Plains Dynamics GP
was not translated into Portuguese or localized for Brazil
AX Axapta for Brazil
Yes, this is what you should consider first. AX is
very strong in … » Read more
Being able to exercise financial discipline and understanding how investments work are important life skills. And an early start could hold the key to a secure financial future. Even minors can get a taste for investing through a demat account. Age is no obstacle, for one does not have to be 18 years old to open demat account and start investing.
to open demat account for minor
While a minor can
hold a demat account, it must be opened by their guardian (either a parent or a
court-appointed legal guardian). The guardian operates the account on behalf of
their young ward.
The account opening
process is quite standard, but there are some deviations. For starters, not all
depository participants (DPs) provide demat accounts for minors. So, one should
check if the facility is available. Next, upon choosing a suitable DP, the
following documents must be submitted to them:
account opening form, duly filled in
Know-Your-Customer (KYC) forms for minor and guardian
proof of minor
card and address proofs of both minor and guardian
The application form
and other documents can be submitted online or offline. Certain account opening
fees will apply, although the charges tend to vary across DPs. Following
receipt of the documents, the DP will verify the application. Once the
processing is complete, the account details will be issued.
of demat account for minor
A minor can hold a
demat account provided certain conditions are met:
account must be opened and operated by the guardian until the child turns 18.
cannot be a joint holder.
account can be used only for delivery trading. Intraday and derivatives trading
are not permitted.
of demat account for minor
account opening early on has certain
teaches financial planning
… » Read more
There is great competition in every business today
which traditionally conducts international trade is very difficult. For that,
we need a very large investment of time and money. In the beginning,
international trade in small businesses was almost impossible due to lack of
resources, only large businesses were involved in international business.
Today, the internet has brought drastic changes to the business scenario. With
the help of information from the B2B portal today not only big businesses but
small businesses also carry out international trade. These portals offer
international trade services at economical prices. The resources needed to do
business through online trading portals are very few.
B2B trading is a transaction between a business and
its volume is higher so every trader must be careful about safe trading. To get
international trade from the online Business to Business portal, you must
register and post-trade leads. The online trading portal offers various
membership options such as free membership and premium membership. Premium
members are listed at the top and often get more business than others.
Employers must upload all information on the portal. After the information is
uploaded, the information remains there for a long time as needed. This means
the effort needed to maintain an online presence on these sites is also
lacking. Businesses can also update their information from time to time if
People from all over the world market can see company
products, company information, and place orders online. Buyers can also ask
questions and clarify their doubts. Online trading portals help reach global
markets easily. Uploading videos, product images, and other information help
better understanding of the product. In online marketing, perfect product
descriptions and attractive images play an important role in attracting
Traders can post mass products and services … » Read more
if not hundreds of thousands, of businesses across the UK, could find
themselves saving money if they were to become a ‘greener’ business. Making
small changes to the everyday running of your business – regardless of sector –
will see significant if not dramatic changes to your monthly outgoings for
electricity, heating and phone bills. Becoming a greener business will not only
help you to save money in the long run but could also improve the image of your
business and thus increase turnover.
Air Conditioning of Place of Work
easiest way to save money on your heating bill is to set up a thermostat so
your office or business premises is not being heated out with working hours.
Heating your place of work unnecessarily is a pointless exercise that only runs
up bigger bills and damages the environment in the process. Upgrading your
heating system altogether can be a costly process for saving you money in the
long haul so looking at what kind of heating system you currently have is also
advised. Investing in some traditional means of preserving heat is an
alternative, short term fix that includes having windows insulated and a draft
excluder fitted to the bottom of every door.
Avoiding Poor Use of Electrical Devices
and poor use of electrical devices such as computers are the two main
components that are thought to contribute to expensive electricity bills.
Installing occupancy sensors to control lighting in offices, copier and staff
rooms will help reduce the amount of electricity being consumed unnecessarily.
Switching regular light bulbs to long life, energy savers is another good tip
as is replacing fluorescent strip lighting with some more economical and
environmentally friendly. Making sure you and your staff take a moment to
switch off computers and copiers before … » Read more