THE ROLE OF BUSINESS PROCESS REENGINEERING IN HEALTH CARE Business process reengineering (BPR) emphasizes the streamlining of cross-functional processes to reduce time and cost, improve quality and service, increase revenue and reduce risk. BPR is a set of activities designed to make sustainable improvements in the quality, speed, and cost of the process of an...Read More
LOYALTY PROGRAMS FOR FINANCIAL SERVICES Organizations providing financial services are currently faced with two significant changes. Firstly, there has been a realization that digitalization is a must-have and not just an advantage. This has been driven home by digital disruptions like FinTech.Secondly, users are becoming more aware of service quality. Introducing a loyalty program is...Read More
In a dynamically changing world from moment to moment, chatbots, powered by artificial intelligence, will play a significant role in business in 2021. They can help companies generate leads, cross-sell, up-sell, sourcing from historical data and predictive models, and customer browsing and spending patterns. It is predicted that chatbots will match human behaviour and offer...Read More
Maintaining the right balance between cost optimization, capacity for innovation and risk management is a significant challenge for organizations today. In such a scenario, governance, risk, and compliance (GRC) practices ensure that organizations reach their business objectives. THE THREE PILLARS – GOVERNANCE, RISK MANAGEMENT & COMPLIANCE In the ever-changing complexity of the business environment, organizations...Read More
EMERGING TRENDS IN ERP Enterprise Resource Planning (ERP) can be defined as a business management software that helps users store and manage their business data. This suite of integrated applications provides enterprises to streamline and improve their business operations. ERP is the most suitable option for demonstrating value by delivering real-time information to all corporate...Read More
HOW TO IMPLEMENT THE COMPLEX EVENT PROCESSING SUCCESSFUL? Complex Event Processing (CEP) uses technology for querying the data before it is stored in the database. The CEP is used to track and analyze data streams that will identify the cause and relationships. Moreover, it will help the businesses to draw real-time conclusions from specific events....Read More
WAREHOUSE MANAGEMENT SYSTEM: 4 CRUCIAL FACTORS TO CONSIDER WHILE PROCURING THE NEW SYSTEM Inventory management and upkeep require a keen eye, and any errors may lead to significant losses in the business. If the Warehouse Management System does not have advanced features, it can lead to errors in counting, tracking, forecasts, and leading to data...Read More
ASSET MANAGEMENT – TRENDS & TECHNOLOGY WHAT IS ASSET MANAGEMENT? The process of operating, developing, maintaining, and selling assets cost-effectively is referred to as asset management. Every business entity needs to keep track of its assets. It provides stakeholders with valuable information regarding the availability of assets that can be employed to provide optimal returns....Read More
LOYALTY MARKETING- STRATEGIES TO RETAIN CUSTOMERS Building a sustainable strategy is essential to focus on both new and existing customers. Digital marketing efforts, websites, active social media accounts are usually more focused on monitoring lead generation, conversion rates and optimized for new customers to make a purchase. It is important to note that existing customers...Read More
