Recently, our office, along with other floors in the same building, was burgled. Luckily for us, it was during the early hours of the morning when no one was in. On our floor alone,...
Category: Featured Articles
The progression of advanced systems and operational intelligence over the years has lead to businesses/organisations having the ability to use data in a proactive way so that problems can be identified immediately. Data analytics and sensor information can identified the problem immediately with enhanced process management controls preventing the problem occurring at all. In the modern world, It has become the new ‘normal’ to to respond to everyday activities exceptionally.
Cash payments seem to be a thing of the past especially with the introduction of contactless payment bank cards. And not only that, cash is not accepted as the appropriate payment method for some type of purchases such as transport systems services.
Many retail companies today are using a process which allows them to offer products to customers with the option to buy now and pay later (6-12 months). But how are they managing this process? Answer is: a credit management system.
Research shows the cheque/check will be non-existent in the next decade although the US is holding on quite strongly. EFT is becoming the method of payment most countries are currently using, particularly the UK.