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Accounting System for Insurers

Insurers: Accounting Systems Can Be Sexy Too

Posted: May 15, 2013 By: Matthew Meekes
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At this year’s ACORD LOMA Forum, the insurance industry event for technology, business and networking, the diversity in software exhibitors on the floor wasn’t the only thing apparent.  According to a recent Insurance Networking News article, top industry challenges highlighted during the analyst panel suggest there are broadly differing views about what will affect future technology strategies.

The underlying theme that I took away, not only from the panel discussion but from discussions on the exhibitor floor, is that insurance companies are experiencing change on multiple levels. As such, they rush to accommodate change the operational level and continue to look for best practices in technology, whether it is in claims management, underwriting or revenue management applications. Continue reading →

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    Travel Technology

    Technology & Innovation in the Heart of Travel

    Posted: May 6, 2013 By: UNIT4 Business Software
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    From the Travel Technology Exchange (TTX) (formerly TMU), The Sabre  customer conference is a must-attend event for the travel industry – with four main tracks tailored to products and challenges for agencies, developers, leisure suppliers and travel executives – to drive customer loyalty and power business performance.

    As a strong partner of Sabre® in the back-office space, we were excited to attend the Agency track and learn about innovative ways that travel professionals could differentiate their services to meet this new set of demands. We got to hear great questions from the audience and of course gained some new insights into how customers are using Sabre successfully. Sabre also launched some cool new products and ideas this year. It was great to hear the latest on the Sabre® Red™ App Centre, and also to learn about the future of the Sabre Red Mobile Workspace. This marks an all-new frontier in travel agency technology with higher speed, versatility, simplicity and performance. Continue reading →

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      Retail Accounting and Social Media

      Retail’s Social Media Trends and How Accounting is Relevant

      Posted: May 2, 2013 By: Lauren O'Neil
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      Retailers rely heavily on social media to stay innovative and competitive. The question is: How are social media channels contributing to a retailer’s major objectives such as increasing revenue, improving profitability and improving return on capital? We’ll take a look at the latest social media trends today and how retail accounting software plays a critical part in determining multi-channel success across retail organizations.

      Some of the latest social media platforms that leading retailers are embracing include:

      Instagram: Retailers have taken to Instagram fast and furious. Instagram is an artsy, social media mobile app that helps people transform photos into swankier photos that can be shared on the platform. Instagram uses hashtags to combine like-minded content and allows users to find new followers and share photos with more people. Some well-known retailers such as Nike, Starbucks and Burberry use Instagram to display their products and services. Continue reading →

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        Gaining Financial Control of Your Transportation & Logistics Enterprise

        Posted: April 22, 2013 By: Debra Carbone
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        Mergers and acquisitions are a trend in transportation and logistics companies today as the industry faces a period of fierce competition followed by consolidation. As a result, many businesses are challenged with complex structures to handle multi-entity, multi-country and multi-currency issues.

        So how do you effectively manage the many financial aspects of a global enterprise that include multiple – locations, countries, currencies, taxes and languages? Continue reading →

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          Snow, Smiles and Non-profit Technology

          Posted: April 19, 2013 By: Trevor Checkley
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          Not only did I see a baseball game in the snow (probably the last time I will do this at an outdoor park), but I also met a lot of great people and organizations at last week’s Non-Profit Technology Conference in Minneapolis. The conference’s clear theme was fundraising and donor management which, given the pressure non-profit organizations have faced the last few years, was no surprise.

          Fundraising requires a number of direct and indirect applications to be successful. Donor management and the means to reach them are clearly critical. In addition to the numerous CRM, donor management and marketing automation companies were groups like Invested.In  (in the booth beside ours) that provides a crowdfunding platform that integrates with social media. Continue reading →

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            NEW Analyst Study: The Aftermath of Business Change when ERP Can’t Keep Up

            Posted: April 4, 2013 By: Lauren O'Neil
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            The pace of business change is on the fast-track, and it is getting difficult for some enterprise resource planning (ERP) systems to keep up. Prior IDC and CFO Research studies indicate how devastating the inability to keep up with change can be to your business – not only monetarily (up to millions of dollars), but also by hampering significant growth opportunities.  IT analyst firm Mint Jutras recently conducted a survey of 240 business and IT executives to assess and measure the impact of business disruption when modifying ERP solutions. The report, “The High Cost of Business Disruption in Modifying and Maintaining ERP: Is it Costing you too Much?” summarizes the five most common business change drivers and shows quantifiable results of what the outcomes are when ERP modifications follow. 

            Here are a few shocking results that indicate a rising trend of ERP customizations being performed to accommodate business change. 

            • Mint Jutras concluded financial management driven change stresses ERP systems the most because it caused moderate to extensive levels of modification to ERP in 73% of participating companies.
            • 96% of respondents state that ongoing business change requires moderate to extensive modification to their ERP solution. 

            Another astonishing statistic:

            • 64% of respondents are in a continuous cycle of business change (111% jump from IDC’s 2009 survey result). Continue reading →
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              IT Outlook on the Cloud at IBM’s Innovate to Accelerate Tour

              Posted: April 3, 2013 By: Peter Witham
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              On Wednesday, March 13th, I participated in IBM’s Innovate to Accelerate Tour event held in New York City at the 40/40 Club. This tour was in part to help businesses learn how the principles of smarter computing can accelerate them past the competition,  as well as to discuss cloud, security and big data – the hot topics in technology today.

              I was invited as a panelist to speak about how our UNIT4 Coda Financials software has helped customers on the Power Systems platform, as well as to discuss our presence in the cloud.

              Kirk Laughlin, Contributing Editor of Information Week, was also there to speak about the IT outlook for 2013. His presentation included information gathered from  270 organizations using or evaluating cloud computing, indicating that IT departments are now focusing on innovating businesses as opposed to “just keeping things going”. These organizations are also incorporating standardization processes for easier operations, reduced costs and improved security. Continue reading →

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