Månedsarkiv: december 2013

workflow solutions

Maximizing and Improving Asset Protection through Automation

Security is essential for all type of businesses regardless the size and assets it has. The purpose of cash and security management is to prevent loss focusing to business critical assets and to manage the security threats –identifying the risk causes, assess the existing control’s effectiveness in handling threats, determine the consequence(s) of risks, prioritizing risks by rating the probability and impact, classify the type risks and select the appropriate risk option or response.

A security threat is an awful thing that can happen to an asset and is divided into two types, external and internal, both affected by the following factors: strategic, operational, financial, hazard and compliance.

Also security professionals divided threats into six different sub-areas depending on how it can affect your data assets namely; confidentiality, integrity, availability, consistency, control, and audit in which must be balanced against each other.

As an operation manager, you should make the most of your available cash and securities, and grab opportunities as they occur to take advantage of for you. With cash and security management done through automation it becomes more efficient and there are many finance solutions providers with program software available for you.

Using cash and security management empowers you to have full control of your cash management and security inventory. It also enables you to accurately forecast balances which allow you make effective use of the available assets for any transactions.

Also it provides you a set of automated security financing work-flows and instant outline of the availability of all assets. These allows you to reduce your operational risk while improving your productivity, and the workflows and transparency enable you to get rid of intense manual tasks.

This will improve competitiveness as you can easily assess the most current situation and locate specific securities that are in demand on the market. It gives you the edge over your competitors, with modernized workflows that enable you to respond quickly to changes in the market.

Lessens integration with third-party systems as the entire cash and securities management process is held in a single platform. With no delay between action in the front office and awareness in the back office, you are constantly aware of available positions and all the transactions and orders that might affect them.

Cash and security management through automation will surely make you more efficient, with all the features and benefits that you can get from these solutions, in maximizing and improving your asset protection.

asset management solutions

Optimizing Performance of Assets across their Lifecycle

It is always a challenge to every businessman to obtain the very best technology and tools to support their business processes. With asset management solutions, it can provide you a full, clear view of an organization’s asset infrastructure and the maintaining workforce it goes with; managing tangible assets, linear assets and facilities. You can improve operational productivity manage multiple facilities, locations, business units, asset types and still have good results in the entire asset infrastructure within its operating context.


Here are the features of the asset management solutions:


Asset management solutions deliver optimum asset performance by improving asset use, ensuring equipment readiness and safeties, increasing productivity of plant and equipment while decreasing circulation costs. You can also manage the asset from purchase to designing through its operational life to its eventual disposal. With this, organizations can properly articulate maintenance policies and strategies to maximize asset value and productivity. The strategies used include proactive maintenance programs; monitoring conditions, maintenance and including lean processes to realize improvements for the better.


Asset management solutions provide comprehensive solutions on an end-to-end view of the workforce and required work to increase productivity and asset availability. It can give you the ability to do advance planning of resources and scheduling of short-cycle field service work and asset and maintenance work.


Linking your organization’s assets, maintenance inventory, and suppliers to maintain control of your critical-asset infrastructure is part of asset management solutions capabilities. In that way, you can establish the elite levels of critical maintenance inventory, ensure material are selected correctly from a unique visual catalog, and order more needed materials through a sophisticated online connection to your suppliers.  Plus a comprehensive warehouse management for multi-company and multi-warehouse hierarchy is provided with an unlimited number of stores to choose from.


Now, to be able to avoid risks, organizations, must have a clear picture of their asset portfolio showing the current status of your company. With the help of asset management solutions, you will be able to identify those risks and hazards that may harm and cause a huge impact on your company. Managing risks can be done outright.

fund manager software

How to Develop Financial Risk Management Software Models

Financial risk management software models are instrumental in allowing companies to identify, analyze and forecast risk. Depending on the financial risk management software model needed by the management, the model gives a quantitative approach to analyzing risk. In today’s business environment, it is not only important for businesses to identify and analyze financial risk accurately, but also as quickly as possible. Such urgency in developing financial risk models has led to several methods for developing these tools as quickly as possible without sacrificing accuracy.

  1. Use Excel spreadsheets. Excel spreadsheets and workbooks are usually used for corporate financial risk management software models. Excel can handle the simplest ratios to advanced simulations. It is best used for financial risk management software models that do not come with significant levels of data, as it only has a small capacity. Even if Excel 2007 can handle up to a million in rows, in general, the program can only accommodate about 2,500 rows before it becomes slower and will even freeze or close down.
  2. Invest in financial risk software. The top two financial risk management software kinds are SAS and SPSS. These two programs are very similar, except for the fact that SAS is usually referred to as being more complex. Both of these software programs give advanced quantitative calculations for significant amounts of data in just mere minutes. The type of financial models that both these financial risk management software kinds are used for include multivariate models and any model that uses a significant amount of data from numerous sources.
  3. Come up with a customized solution. There are some businesses that require the use of very intricate and specific financial risk management software models, so a customized solution would be ideal. This tends to be the most time-consuming and expensive option so it is rarely done, as financial risk management software usually have model and customization options to integrate with most business databases and software. This solution is best when a business wants to automate the pooling of data from various sources into one database, where modeling is done through a customized interface.
asset management software

How CRM Helps Your Company

Standing out from the rest of the competition is best obtained when companies are able to retain existing customers and attract new ones. There are several ways of doing so and a company can even take advantage of Customer Relationship Management (CRM) Solutions that will help them increase profit and improve or be more efficient in terms of operations.


Companies that offer financial services may offer a range of products like insurance, banking, wealth management and a lot more so there is a great demand on CRM for financial services these days. There are numerous companies as well that offer this type of service.


Like any other business solutions available, using CRM for financial services in one’s business will help build stronger and more meaningful customer relations which will in turn be profitable for the business. There are some key points and aspects that need to be considered first before choosing a company that will handle a business’ CRM for financial services.

 Recording customer interactions

Taking note of an interaction with one’s customer is needed to ensure that the set expectations for the business are met. Also, this CRM for financial services will contain information about the customer that the CRM managers can look into at any time.


There are also options for sending out e-mails or sms information to the said customer that can be set up on the same platform which is convenient for both business owner and customer.


Managing client interactions

CRM for financial services also allows a business owner to manage client interactions and looking into different parameters or metrics that will streamline the whole process. CRM managers and business owners will be able to manage different account information in this CRM platform which is both cost and energy efficient since they won’t have to look into another window or software to get the necessary details they need about the customer.


Part of managing these interactions is tracking whether the set instructions given by the customer on the last interaction with them were met by the business or not. With this capacity, there is a lesser chance for customer dissatisfaction.


Photo credit: galwaytrading.com

risk management

6 Tips for Effective Financial Services Risk Management

Financial accounting executives who are looking for a one-size-fits-all solution in managing risks are likely to be disappointed because such a thing does not exist. Mitigating risk foes not have a magic fix. Organizations need to be open to looking into alternative financial services risk management solutions and have various ways to assess risk factors. Some compliance needs might be direct, regardless of whether you are compliant or not, but how organizations achieve such compliance widely varies.

It is best to approach financial services risk management from a positive standpoint. Instead of cringing at the thought of an audit, organizations should embrace the opportunity to find cracks in their internal processes. This internal scrutiny should be viewed as a chance to resolve issues before they become big problems. Perform audits regularly and randomly so they are not predictable. Most importantly, do not wait for a problem to arise before you indentify risks.

Of course, technology also plays a role in financial services risk management. Best of all, unlike manual financial services risk management processes, technology systems are not biased, and they will find out what is inconsistent and call it out to ensure a straightforward result. Below are several additional tips on how financial accounting executives can initiate an effective financial services risk management process.

  1. Do not go overboard with your strategy. If you chase overly sophisticated enterprise financial services risk management models and approaches, your organization can miss one of the most obvious sources of risk.
  2. Spend effort and money to identify risks. This is not easy, but it is very critical. The people in the organization have to feel unafraid to talk about potential risks.
  3. Create an environment where people do not fear risk. Risk should not be feared. Rather, it should be understood.
  4. Reward people for managing risk. Compensation for reaching penalties or benchmarks for fostering volatility is very effective.
  5. Make leaders feel a sense of transparency. The financial services risk management should be comfortable in reporting potential mistakes, conditions or problems that can impact risk.
  6. Develop sound risk policies. This should be done in a timely manner to avid negative financial results.
asset management solutions

Today’s Most Common Portfolio Management Software

The publicly traded shares of a company are called common stock. Common stocks make up the majority of trades done in any given market. Because of this, there are more traders needing portfolio management software to ensure that they make smart decisions with their money. Portfolio management software offers investors graphs, charts and analyses showing how individual stocks in the portfolio are performing.

Free Portfolio Tracking Software

There are so many stock portfolio management software applications online for individuals and businesses. Some developers offer their portfolio management software for download while others are web-based. It offers users the ability to monitor stocks, mutual funds, market indices and other investments from their computer. Free applications aggregate research and news relating to the stocks in your portfolio, and usually give streaming performance alerts and quotes on a particular stock.

Premium Portfolio Tracking Software

Individual investors with more capital to invest may benefit from investing in premium stock portfolio management software. You can download it from independent websites that review software or download them from their developers. These portfolio trackers usually so more than just give research, track and generate stock performance. Being an alternative to their no-cost counterpart, they usually provide investment advice and are customization to the individual needs of the investor.

Business Portfolio Tracking Software

Investments made by a business require portfolio management software with more functionality. Aside from tracking the performance of a stock, it should also assist with bookkeeping and money management. Business grade portfolio management software is not only customizable; they also provide users with access to customer support and other services. Such software allows multiple users and accounts, and some can be integrated into a company website for remote access to investments.

Portfolio Tracking Software for Taxes

Certain added tax filings are important for firms or individuals making investments in stocks or other securities. The government analyzes the tax filings differently based on whether the investments showed a profit or loss. This is where portfolio management software like Mint and Quicken Premier can help. These applications can help users organize their finances throughout the year before filing, offering tax advice. These can also be paired with tax filing applications.