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How Business Intelligence Can Play a Significant Role in Today’s Enterprise

In today’s enterprise, where changes are rapid, there is a scope for business intelligence (BI). Keeping up with the changing market trends is now an absolute necessity.

Entrepreneurs of modern enterprises had to do unthinkable things, such as adapting to new marketing channels, investing in new emerging technologies, adapting to changing regulatory environments, etc.

As a result, businesses now rely heavily on collecting and exploring the voluminous data to have rare insights to efficiently perform all these things. Here, business intelligence with its affordability and features can play a significant role in today’s enterprises.

Quick access to information

In an information age, access to crucial information in real-time matters a lot. However, many of the business decisions are still taken based on pure guesswork or insufficient data. Valuable insights often get lost in the maze of rows and columns of data in traditional spreadsheets. On the other hand, several tools driven by business intelligence have user-friendly dashboards in which the analyzed data is presented via charts, graphs, etc. With the help of such data representation, key decision-makers of today’s enterprises have quick access to valuable information, and there is no room left for guesswork or inaccuracies.

Better revenue management

Business Intelligence can offer in-depth insights on the position of historical pricing, rate of shopping cart abandonment, recent purchase history, and so on. In the inventory, BI can offer valuable insights such as the high-performing and least performing items, tracking of inventory items, and etc. When entrepreneurs have such insights, they can always make winning strategies and implement them. For today’s enterprises when most businesses are going the digital route, this means fast recovery of lost sales and higher profits.

Improves resource allocation

When resources are less and there is pressure to perform, challenges are enormous. Many of the modern businesses are now run by a single individual or a small group of people, but they also have to deal with this challenge. Here, business intelligence comes to their rescue as it automates some tasks such as report generation and report scheduling. In a business where professionals are hired to generate reports on a daily, weekly, or monthly basis to keep a tab on the business operations, such automation means no need to allocate resources for such monotonous tasks. This instead paves the way for their employment in core operations.

Facilitates cost-cutting

For every business, identifying bottlenecks that cause a rise in operational expenses is a matter of concern. For modern businesses when the competition is increasing with global players, excessive expenditure means a loss in profitability. Business intelligence mitigates such risks by letting them the areas that need improvement. The result is desirable cost-cutting.

In a nutshell, business intelligence has tremendous potential to play a decisive role in today’s enterprises. Moreover, the increasing affordability of BI tools is really encouraging businesses to take a step forward and embrace the best BI tools.

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Judgment Recovery Texas – Collecting Your Judgment!

Congratulation! You have won a court judgment that the debtor owes you money. But, how do you collect? It may be easier than you realize.

The National Judgment Recovery Center’s practice divides the collection process into the following steps:

· Abstract the judgment

· Research contact data for each of the debtors in the judgment

· Research assets owned by each of the debtors

· Research debts and liens against each of the assets or debtors

· Conclude upon a best option for collection

· Engage counsel to file the necessary documents with the court

Abstracting the judgment is just a fancy way of publicly posting the judgment in the county records to notify the world that the debtor owes you money. Be careful regarding how the abstract of judgment is prepared. There are specific rules regarding who to name, what information much be included, and who can prepare the abstract. In most cases, it is simplest to ask the court to prepare an abstract of judgment, and then have your counsel review it to confirm it has been prepared correctly. An abstract of judgment is invalid if not prepared correctly, even if the court prepared it! (However, you can file another abstract of judgment if the first was prepared incorrectly.)

Research each of the debtors, if there is more than one. If one of the debtors is a person, research their marital status if a spouse is not named. Sneaky debtors sometimes put property in their spouse’s name! However, in many cases, you can still collect on this property, depending on state laws. (For example, Texas is a community property state, so unless strict laws are followed, all property is jointly owned by the husband and wife, regardless of how it is titled.) Use court resources such as marriage records, divorce records (always a wealth of information!; sometimes more than you want to know), on-line phone books, paid phone book services such as Net Detective and Intelligator, Accurint, assumed name aka doing business as records, appraisal district records, etc.

Then research each of the assets owned by each of the debtors. If they own a “company”, is it in business in reality, or just on paper. Check appraisal district records for both real property and business personal property searching by both name and address. Check the secretary of state records for companies owned by the debtor. Also research real property records using a site such as courthousedirect.com to locate property owned by the debtors.

You can also do post-judgment discovery to discovery assets owned by the debtor. This topic will be covered in a separate article.

After locating the property owned by the debtors, research both voluntary and involuntary liens. A voluntary lien is given voluntarily such as a real estate mortgage or a business loan. Typical involuntarily liens include judgments, IRS liens, state tax liens, mechanic and material liens (aka M&M liens), property tax liens, city mowing liens, liens for cost of demolition by the city, etc.

Evaluate the market value of property versus the mortgages and other liens. Do you want to own a house worth $100,000, if there is a mortgage against it for $105,000, and a federal tax lien of $30,000? Especially when foreclosure of the house under you lien will more than likely create an event of default under the mortgage documents? (This will allow the current lender the ability to foreclose your lien off.

After evaluating the debtor’s property, decide whether to proceed further. If the debtor has property with equity, file a writ of execution to get the constable (the man with the badge and the gun) to sell the property. This ends the excuses! The debtor either has to pay you, and pay the cost for the writ of execution, or the property will be sold!

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Make Your Customers Smile With Fun Promotional Products

For several decades, promotional products have been used extensively to attract customers without affecting marketing budgets. They provide long-term recall, foster brand loyalty and boost repeat business. Considered more effective than traditional marketing mediums such as television and print ads, promotional products have established a strong connect with customers and employees over the years.

Stats are heavily stacked in favor of promotional products. Did you know that over 75% of promotional products are kept and used by recipients for close to a year?

The promotional products you choose to represent your business need not be conservative. Why not go for something that is out of the ordinary to help potential customers take notice of your business? Using fun items as business promotional gifts will help break the ice with customers, ensuring that they are reminded of your services whenever they need it.

The image you wish to portray to the world plays a part in building reputation for your business. When you decide to give away fun products, make sure that they are high in quality and practicality. Here are 3 reasons why you should include fun promotional products in your marketing campaign:

1. Unique and innovative impact: Several firms are already using conventional gifts such as pens, desk calendars and bags to promote their business. If you are looking to stand out in the crowd with distinctive yet quality-based giveaways, then fun promotional products are for you! Goofy items such as bobble head pens, fun stress relievers and funny hand sanitizers are great giveaways that will be warmly accepted by your customers and employees. Be assured that these items are highly appealing for people across all ages and demographics.

2. Extended visibility: Fun giveaways are guaranteed to pull your recipient’s heartstrings – they are destined to bring a smile on their faces. In most likelihood, they will take them home to their loved ones, ensuring that your brand is seen by families and friends.

3. High affordability: Marketing teams are often hard-pressed to explain expenditure for marketing campaigns. There is no such worry with fun promo items. These products are highly affordable and innovative at the same time – your recipients will appreciate these unique gifts. Count on them to give you valuable impressions for each dollar spent!

Distribute these fun giveaways at trade shows, outdoor events and fundraisers. You can be assured that they will do a good job of promoting your brand’s message far and wide.

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