Category: Information Technology

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Preparing Your Business for Exploding Growth

Preparing for exploding growth in a business requires careful planning and strategic decision-making. To develop the information necessary to support these activities, businesses must implement their processes and systems to properly collect the data required. Unfortunately, many organizations fail to develop the systems which will support increased activity and business growth, only recognizing after the fact that the process support and the data they need isn’t there. To prevent being caught off guard with more business demand and not enough organization to support it, follow these recommendations to set the business up for success over the long run.

Set clear goals and adjust as required. You need to know what the business purpose is… the objective you hope to achieve with all this activity. Establish SMART goals – specific, measurable, achievable, relevant, and time-bound. With a set of smart goals and a well-defined objective, the business has a clear direction and a guide to assist in decision-making.

Build infrastructure that is scalable. If the business infrastructure can’t handle increased demand, the business can’t grow effectively. Scalable information technology and software systems, robust production capabilities with adequate human resource availability, and increased efficiency in supply chains will help the business meet increasing demand, while improved reporting and business intelligence helps to anticipate potential bottlenecks, allowing for plans to be developed to address them.

Make sure finance and accounting are set for growth. Strengthen overall financial management and review your financial processes to ensure they can accommodate growth. Implementing the right systems and software is necessary to not just optimize production and operations, but to provide a foundation for establishing sound accounting and financial practices which will help the business secure funding and manage cash flow effectively. A good way to evaluate your preparedness for growth is to prepare financial forecasts and stress tests to gauge your business’s financial resilience under various growth scenarios.

Streamline operations and automate where it makes sense. Evaluation of businesses processes is an ongoing task if your business is to continuously work to improve efficiency and effectiveness. Where opportunities for optimization and improvement exist, consider using automation and technology solutions to help streamline operations and reduce manual effort while remaining focused on enhancing customer experience and satisfaction through streamlined processes and improved service delivery.

Plan for Risk and Contingencies. You should try to identify potential risks and challenges associated with rapid growth, such as increased competition, supply chain disruptions, or changes in customer preferences. Develop contingency plans to mitigate these risks and ensure continuity of the business and operation. It may even make sense to consider diversifying your revenue streams to reduce dependency on a single market or product.

Monitor, adjust and adapt as needed. Key performance indicators (KPIs) should be regularly monitored, as should market trends, to stay informed about your business’s progress and to stay on top of industry developments. Use data analytics and reporting tools to gain insights and make data-driven decisions instead of operating on emotion. The business that plans for growth must remain agile and adaptable, adjusting strategies and operations as needed to accommodate changes in demand as they occur.

Preparation for rapid growth requires a proactive approach and continuous evaluation of your business’s readiness. Regularly reassess your strategies, make necessary adjustments, and stay focused on delivering value to customers as you scale.

Mendelson Consulting and the Noobeh cloud services teams are advisors and consultants with expertise in scaling businesses, and can provide valuable insights, guidance, and support throughout the growth process and beyond.

jm bunny feetMake Sense?

J

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Good and Proper Accounting for Small Business

There are many reasons why a small business needs to have quality accounting, and it isn’t just about the cash. Especially when a business is small or growing, a strong financial management and reporting process will benefit the business in a number of important ways. Managing the cashflow and keeping money in the bank to cover payroll and inventory is critical, but good accounting data helps support better decision-making for more than just cash management.

Accounting and financial systems help small businesses keep track of their financial performance. This includes monitoring income and expenses (money in and money out) and creating financial statements. By having accurate and up-to-date financial information, small businesses can make informed decisions about how to allocate resources and grow the business.

Tax compliance is another area where good accounting data is essential. Small businesses are required to file taxes just like larger ones, and proper recordkeeping helps small businesses stay compliant with tax laws and regulations and to avoid penalties and fines.
Securing funding for operations and growth is another area where quality accounting data is critical. Banks and investors usually require financial statements and other financial information before providing any funding. By having accurate and well-organized financial records, small businesses can demonstrate their financial health and increase their chances of securing funding.

Knowing more about the business is always helpful, but being able to look at trends and understand what the numbers indicate is the real power. From budgeting and forecasting to identifying and reducing areas of risk, accounting data is the foundation for developing a true understanding of business activity and performance and finding ways to improve.

Track business performance, remain compliant with taxes, and get funding or investment when it’s needed. With good and proper accounting supporting management decisions, decisions become more informed and relevant and are likely to bring a better result.

jm bunny feetMake Sense?

J

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Data Are Just Data Until You Do Something With It

The business and economic environment isn’t easy. Competition is getting more aggressive, and customers demand more and different options while margins are shrinking, and the cost of operations just seems to go up. Business owners and their CFOs are recognizing the need to change the way they operate, and that they must innovate and adapt with new technology. A more modern approach to business captures data from every aspect of the operation to reveal information not otherwise available, and that information leads to better decision making and deeper insight. Data are just data until it can be transformed into information that matters.

It is possible to change the way critical business decisions are made and to radically improve how the business serves customers, empowers the workforce, and keeps mobile workers working. The key is in leveraging cloud platforms and technologies to enable the collection of data that comes from every business activity.

What if you could identify trends and patterns in sales and customer data, informing your marketing and sales strategies to make them more effective? How about monitoring key performance indicators (KPIs) related to revenues and expenses to improve financial management? Maybe you would like to analyze supply chain and inventory management metrics to find way to optimize those areas of operation.

From software and systems that facilitate field service and mobile work to logistics and supply chain management, business intelligence is developed when the data is available to be combined with other information and reported on in meaningful ways.

Business intelligence comes from all aspects of the business, not just accounting and finance. Particularly in a volatile economy where uncertainty weighs heavily on each and every business owner, it is essential that businesses make the best possible use of their information assets, including finding the best way to identify and capture opportunities which will propel the business forward.

Data is just data, but information is power. We can’t say that often enough.

It takes skill and experience to turn raw data into instant insight, and this is where Mendelson Consulting can help. With a wise and intelligent approach to “enabling” the businesses with tools to help streamline and improve process effectiveness, and structuring systems to capture and integrate data throughout the operation, Mendelson Consulting assists their clients in turning operational and accounting systems into solutions which deliver the data needed to produce actionable information supporting better decision-making.

Cloud platforms enable businesses to take advantage of enterprise technologies without the commitment and spend, and web-based services can solve file sharing and data collection challenges regardless of location. Products like Clearify’s QQube can even transform QuickBooks desktop data for data warehousing or advanced reporting with Microsoft Power BI and more.

Data are just data until you do something with it. Your business should be collecting, analyzing and using all the valuable information it produces.

jm bunny feetMake Sense?

J

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QBonAzure: QuickBooks on Microsoft Azure Delivers Great Success for Small Business


For any business, the resilience and agility of IT systems can mean the difference between performing adequately and performing with great success. When a business elects to run their QuickBooks applications and data on the Microsoft Azure cloud via QuickBooks on Azure (QBonAzure) from Noobeh, they gain numerous advantages not available with locally installed IT.

Microsoft Azure is a highly available platform, meaning that it has built-in redundancy to ensure that applications and data are always accessible, even in the event of a hardware failure. Businesses running on the platform never have to worry about whether or not their server is aging and may fail due to hardware issues.

The platform also allows Noobeh to easily scale each client’s system up or down as needed, without the need for additional installation work. This allows each client business to quickly respond to changes in demand and grow their operations as needed.

With Microsoft Azure, Noobeh can provide from a broad range of security features that are built-in as well as enhancing protection with advanced features and services from Azure, Microsoft 365 and more. This all goes to help protect against data breaches and unauthorized access to sensitive information.

Azure has a global footprint, with data centers in multiple regions around the world. Noobeh provides services from all US-based Microsoft Azure regions, allowing businesses to host their QuickBooks in the location closest to their users, reducing latency and improving performance.

Azure also offers a wide range of services that may be integrated with QuickBooks or other business data, such as analytics, artificial intelligence, and machine learning. This allows businesses to gain deeper insights into their financial data and make more informed decisions.

For businesses focused on compliance, Azure meets a wide range of industry standards and regulations, such as HIPAA, SOC 2, and PCI DSS. This can help businesses meet their compliance requirements and avoid penalties.

Overall, hosting QuickBooks on the Microsoft Azure platform can provide businesses with high availability, scalability, security, global reach, integration, and compliance advantages that can help them run their operations more efficiently and effectively.

Noobeh cloud services and QuickBooks on Azure utilize only the Microsoft cloud for their client deployments so that each business client has the benefits of big enterprise technology without the big enterprise price.

jm bunny feetMake Sense?
J

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Cloud Platforms for Client Data Help Reduce Workload Compression in Accounting and Finance

Accounting professionals have always viewed much of their work as being seasonal, waxing and waning with the turn of the months. From monthlies and quarterlies to the annual tax return, accountants’ work is focused as much on when as it is how much work must be completed. This regularity in the timing of the work has created somewhat of a false barrier to efficiency, largely because many professionals wait for the workload to appear, and it always appears at the last minute. Instead, we suggest leveraging technology to create new working models with clients to alleviate workload compression and deliver improved service and insight in real time, when it really matters.

Accounting is no longer considered to be a final resting place for financial and performance information. Accounting isn’t passive; it is an active participant in developing and managing data as it flows through a business. Professionals who continue to perform write-up and other time-consuming “re-accounting” tasks will often find that their approach removes them from the truly interesting part of the job. Instead, when the professional participates with their clients’ businesses and information on a regular basis, the accounting data can be adjusted so it is treated properly from the start. Better data provides for more informed decision making, and this is the real benefit the accountant can deliver.

The key for every accounting professional is the technology and how it might be applied to decompress the workload and even things out. Structuring standard processes for client intake, implementing workflow tools to closely manage data and deliverables, and improving the speed and quality of internal communications are all areas where tech can make the work more consistent and manageable. Much focus can be placed on the technologies a modern accounting firm would apply to its own workflows and data handling processes, yet there is often little consideration for how the accounting professional might maximize efficiency as well as effectiveness in working with the client data at the source.

Most fundamentally, accountants typically work in places where the client or data is not. Business is done at the business location, and that’s usually not where the public accountant is. Even in large enterprise, the work gets done and data created by others than those in finance, so it is up to finance to find the way to gain access to the data and ensure its proper treatment throughout the system. This is among the reasons for the emergence of remote access solutions and services. Through remote access the professional can access the information of the client businesses, performing data entry or adjustments directly into the client’s accounting system and avoid lengthy reviews and write-ups later.

While remote access solutions may work for some, the time-sharing approach that leaves the client waiting while the accountant does the work does little to maximize the efficiency of either party. Instead, an online working model that allows the client and the accounting professional to work independently yet collaboratively addresses the needs of both.

Online working models in no way require web-based or online applications as the sole foundation. For many operations, online or web-based versions of accounting and line-of-business applications lack the cohesion and functionality that more robust desktop and network applications can provide. Where some businesses have limited functional requirements that a simpler online app may meet, others continue to rely on the maturity and proven functionality of desktop solutions. For these businesses, the adoption of virtual IT platforms brings the “online” working model, system agility and managed service potential that are at the center of web-app popularity.

Once the accounting professional has access to the clients’ systems as well as the data they produce, the accountant can take a more proactive approach to correction and adjustment, as well as gaining a basis for providing insight and advice. The after-the-fact approach to accounting is the essential flaw in attempting to decompress the workload of an accounting practice. As long as the tabulation and treatment of business data remains a job to be completed at the end of the period, there will always be urgency in completing the task and the value of the work product is unlikely to increase.

However, through the intelligent application of technology – online application services and virtual computing platforms – accounting professionals can not only help their clients embrace transformative efforts to improve business and performance, but the accountant can relieve workload compression while delivering even greater value on a continuous basis.

jm bunny feetMake Sense?

J

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Web-based, Hosted and Cloud: The Confusing Journey to Transformation

There is no doubt that businesses of all sizes and types are moving from analog and paper-based to digital and electronic systems. Moving from postal letters to email, “PDF-ing” instead of printing, and EDI rather than manual order entry, businesses are taking on the challenges of transforming their processes one by one.

Cloud computing and virtualization have had a great impact in these areas, providing the foundations for process improvements and higher business intelligence than ever before. Increasingly, businesses are looking to “cloud” to help them do more with their businesses, and to do it better and more profitably.

In looking at cloud – applications, platforms, and services – it is important to understand that different approaches aren’t necessarily mutually exclusive. Many businesses implement a combination of technologies and services, creating their own hybrid approach to doing business the way it works for them.

Web-based, Browser-based

When most small business owners think of implementing “cloud” in their operations, the things that initially come to mind are web-based/browser-based applications. Due in large part to how these products are marketed, web-based apps are among the most widely recognized “cloud” type of service.

QuickBooks Online edition is an example of web-based/browser-based application service. It was built to run in a browser, and you access it over the Internet. These types of applications are often referred to as “net native”, because the only exist as Internet-based service. Other examples are NetSuite and Intacct.

The key with these types of application services is that they aren’t just applications; they are subscription services that include the infrastructure and data storage as part of the solution. You access by going to a web URL in a browser, and login and use the system. You own nothing of the system – not the servers its running on, not the application itself, and (if you don’t pay your bill or export your information) not the data.

What makes these systems “cloud” is that they are running on servers – application servers, network server, data servers etc. – that are all meshed to work closely together. You do not have to worry about (in fact, you often won’t even know) exactly where in the world your system is located, and you have no direct contact with or interaction with the infrastructure on which your application and data are running. As far as users are concerned, their application and data exist “in the cloud” … somewhere.

Hosted applications can also be Cloud

Cloud or not cloud really doesn’t have anything to do with whether the software is browser-based versus disk-based (desktop). Cloud really refers to having a ubiquitous network of connected resources which allows for the creation of dynamic, agile, scalable infrastructure. Google Compute, Amazon Web Services, and Microsoft Azure are the 3 primary (publicly available) cloud platforms.

Online application services generally use cloud platforms and infrastructure to support their software and data, enabling the delivery of services to large numbers of users regardless of where they are located.

Desktop applications can also be run on cloud infrastructure, enabling businesses to access and use their applications and data regardless of location or device, but to retain all the functionality and capabilities of the more mature desktop solution.

For example, NOOBEH cloud services deploys managed QuickBooks and other desktop applications from the Microsoft Azure cloud platform. With Noobeh’s approach, customers can retain essential control of their infrastructure (Noobeh manages it for them, but it is the customer’s private system), allowing it to be configured to be exactly what the customer needs.

NOOBEH Azure hosting is provided as a subscription service and can be changed or adjusted at any time with just a restart of the system. This agility gives businesses what they need now, but also allows the platform to be adjusted to changing business needs. Not having to purchase or invest ahead of needing new resources, as well as reducing the system size if less is ultimately needed, are among the many benefits of using a true cloud platform. Migrating applications and data from on-premises to cloud platforms allows businesses to reduce or eliminate their reliance on locally installed servers and network systems, which is another step in transforming the business and its capabilities.

When a business elects to migrate from desktop to web-based applications for only some functions, the result is often that other applications and data remain active on the local systems. This forces the business to retain their expensive computers, networks and local IT management services and reduces much of the value of a cloud transformation.

On the other hand, if the business elects to migrate to cloud infrastructure it allows them to migrate all their applications, data, and processes immediately, delivering immediate business benefit and providing the right platform for further improvement.
For most small and growing businesses, it is the elimination of concerns about hardware failures, not having to purchase ahead for possible future needs, and having up-to-date secure and compliant systems that deliver the full value and capability of the cloud.

Business transformation starts with the foundation, and a strong information technology platform becomes the base upon which smarter and more efficient processes are built. Whether your company is just beginning its transformation journey or is well on the way, cloud applications and platforms are integral to helping your business keep moving forward.

jm bunny feetMake Sense?

J