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.
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 …
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.
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
The currency trading business is much more volatile
than the commodity trading industry. You can also manage some good time in the
stock exchange business. The most alluring factor of the currency trading will
be the income. Once you get the hang of everything, there will be no problem in
the trading process. We are talking about Forex here, and it is a very good
profession to trade in it. The traders can easily manage some proper trades to
happen in the markets. There will be some proper planning needed and the novice
traders may suffer from the right kind strategies. But with decent setups with
trading capital, every work will be good. In this article, there will be some
proper educational instruction to control the money. We are going to talk about
the right management of your risks and the whole trading balance. That way, the
trading performance will not be bothered by anything in this world. Thus, you
can also stay subtle and win some good profits from the trades.
The profit targets
should be realistic
When you will be going for a trade, the first thing will be coming for it is proper targeting. It will be done for the right kind of designing of the trades. When there will be a lot of volatility in the markets, you will have to choose this route for proper trading. The Forex markets are just like that to any of the traders. You are going to fight the uncertainty of winning with proper position sizing. And the right profit targets will work as the reference for that. When there will be some proper targets to work with, any trader can easily think about taking precautions for the trades. The stop-losses and take-profits will be a proper tool for …