It’s obvious that clearing up an overcrowded inbox can be a serious challenge. Nonetheless, Email Management Software (EMS) can come to the rescue and keep communications afloat. Email management software helps in managing the large number of emails that are received by an organization. The tool lets you effectively organize, prioritize, and respond to emails […]
It is important to know that maintaining security compliance is crucial to an organization for these main reasons. First, mandating secure compliance standards strengthens critical IT systems and makes it more difficult for bad actors to exploit them for monetary gain, data theft, or malicious attacks on the organization. Second, organizations out of compliance with […]
A compliance management system is a complete program that helps managers and administrators minimize risks and plan, monitor, and control activities that ensure compliance with binding regulatory standards as well as legal requirements related to health, environment, and safety. It touches every functional area of a business, along with how they handle its employees and […]
To see to it that Compliance must be followed in an organization, management must make sure that it is accessible to all employees. Ensuring that employees have access to information concerning practices that adhere to all Compliance forms is an effective practice. This can be achieved through small practices like distributing employee handbooks or HR […]
Are you aware there is a relationship between compliance and growth; businesses that disregard compliance do not stand a chance in the marketplace in the long run. Your track record in this aspect will have keen implications on all the components of your business that are conducive to growth. Basically, while the cost of compliance […]
Have you heard of the economic entity concept? The economic entity concept of accounting requires that you separate business and personal funds. This means you should avoid charging personal expenses to a business credit card. The purpose of this accounting process is to simplify financial statement recordkeeping so that there is a clear breakdown of […]
In an accounting world, one of the first decisions a small business owner will have to make relates to their choice of accounting method. Fortunately, there are only two choices: cash basis accounting or accrual basis accounting. Both have their benefits, and implications. Unless you’re an accountant, it can be tough to figure out which […]
Although, most small businesses may understand the importance of cyber security, but they might not know the steps to take to improve their defense. And if you’re not a cyber expert, it can be quite impossible to stay ahead of new and ever-evolving cyber threats and risks. The truth is cyber security best practices go […]
The truth is Organizations (both government and commercial) rely so much on the use of information to conduct their business activities. Loss of confidentiality, integrity, availability, accountability, authenticity, and reliability of information and services can have a disadvantageous impact on organizations. Hence, there is a critical need to protect information and manage the security of […]
When the accounting records of a particular business are kept separate, business owners can compare that business’s profitability, et al to other businesses they own. If the business entity’s accounting records include financial information about the business’s owners or other businesses, it will be hard to keep track of the finances for each business in […]
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