Archive | Financial Services

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Revenue Growth Vs. Cost Savings – Can’t They Co-Exist?

With the most recent economic downturn and slow recovery, we have all witnessed either personally or with companies we know well an abrupt transition from revenue growth and sales driven entities to lean and mean, cost cutting organizations and now possibly back again to revenue growth. This pendulum, depending on the market and economic conditions,  […]

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Trending Tax Time Financial Planning with Ben Wubbles

  Benjamin Wubbels of Financial Advisor at M4 Financial Partners joins Tamara Leigh’s TREND ON with Heidi Feemster to outline some important action steps to take in 2014.  Listen LIVE 4/9/2014 @ 10:00am CT or to archival listen via link: http://www.blogtalkradio.com/linkedlocalnetwork/2014/04/09/financial-matters-with-ben-wubbles-on-tamara-leighs-trend-on April 15 – A day that lives in infamy on the American calendar almost more so than the original December 7, […]

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No Foolin’ – April’s Shows are Showered with Spectacular Guests on Tamara Leigh’s TREND ON

     No Foolin’ – April’s shows are showered with spectacular guests to brighten up your personal and professional lives!  Tamara Leigh’s TREND ON will cover practical topics in always positive conversations (there’s enough negativity in the world — we’re trying to improve on that).  Here’s the Guest list, topics, & links for April’s schedule: 4/2/14 […]

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THE ART OF SELECTING THE RIGHT PERSON FOR THE JOB

Identifying and selecting the very best individual for a key role within the company can be the ultimate challenge .  When considering candidates for a critical position, I have always felt a little uncomfortable basing my decision solely on a resume and 45 minute interview.  As a manager over the years who has hired many […]

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6 Reasons Why Businesses Should Consider Procurement Outsourcing

With the customer and market demands associated with most industries changing rapidly, it is critical that an organization’s best people remain focused on the business at hand while preparing for future opportunities. Within the procurement area this is especially true. It is crucial that the purchasing staff ensure your company is receiving the best value, […]

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6 Reasons Why Businesses Should Consider Procurement Outsourcing – to be cont.

With the demands associated with most industries changing rapidly, it is critical that an organization’s best people remain focused on the business at hand while preparing for future opportunities.   Within the procurement area this is especially true.  It is crucial that the purchasing staff ensure your company is receiving the best value, service and products possible from every supplier in order to satisfy your clients’ current […]

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How were last week’s NFL Playoffs Like Politics in America?

In the lull weekend before #SuperbowlXLVIII match-up between the Denver Broncos (my 2nd favorite team) and the Seattle Seahawks (not a fan of the #badrefcall #Touchception against my #Packers, but am a fan of former #Badgers QB #RussellWilson ) and with 2013’s Superbowl airing no less than 5 politically underscored commercials, and with this year […]

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Rich Rafdahl

What Contributes to a Successful Negotiation? Part 2 of 2

When you are fully prepared and ready to negotiate put together a final list of your top 2 or 3 preferred suppliers. If possible, get to know the individuals you will be negotiating with.  What is their style, what are their likes and dislikes, what are their goals, what are their strengths and weaknesses, what […]

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What Knowledge Do You Need to be Successful in 2014?

“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so” quipped Mark Twain, the great American humorist and social commentator. In sorting out what you know, what you don’t know, what you need to know, and what you know that ain’t so, my Tamara […]

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Rich Rafdahl

What Contributes to a Successful Negotiation? Part 1 of 2

In business, I have found that your negotiation strategy and tactical approach may vary depending on project and final objective.  For example, negotiating a one-time purchase typically involves a more basic plan and set of skills while an opportunity that requires continuous reliable supplier performance, specific services and on-going quality – often requires a more […]

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The First Step in a Successful Cost Savings Effort

Developing an intelligent Cost Savings Strategy while considering the various tactical options such as Value Analysis, New Product or Service Options, Consolidated Sourcing, “Best in Class” Supplier Evaluations, Genuine Partnerships, Resourcing to a LCC Supplier (Low Cost Country Sourcing), Competitive Bidding and Reverse Auctions (to name a few) are all very effective and can drive […]

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Why a Business May Outsource Its Cost Savings Efforts

As we all are aware, many businesses have had to make the tough decision of downsizing over these last 6 or so years. The result has been a much reduced their staff that has assumed significantly more responsibility and workload. Within the Procurement area, due to limitations in resources and time, it is not uncommon […]

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Rich Rafdahl

Top 10 Characteristics and Skills of an Excellent Buyer – continued

What makes a good buyer? The following are the final five traits that contribute to an outstanding buyer. The first five were published last week. 6. Strategic Acumen – A strategic mind that can develop smart plans and procedures to accomplish projects is an excellent candidate. In addition an individual who is a self – starter and […]

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Rich Rafdahl

5 Ways to Improve Your Suppliers’ Performance

Most importantly inform them of what they are doing wrong?   I often find that certain key employees simply tolerate poor performance or problems because they feel they don’t have the time or leverage to straighten the supplier out.  I have also found, on occasion, that the supplier was unaware that their performance was less than […]

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Is open source software secure?

In many cases, open source software can help companies save money. But will those applications introduce new security threats?  IT security experts often disagree about the relative security of open source software. Some observers say many open source developers don’t have incentives to fix security vulnerabilities, so they often go unpatched. However, others point out […]

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Companies invest in the wrong IT security tools, report says

The budget for IT security is tight in most companies, so it’s critical those dollars are spent the right way. Unfortunately, that’s not the case in a lot of organizations.  While IT security investments are increasing, that spending isn’t going toward the technologies that have the biggest impact on the protection of companies’ data, according […]

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Segueway Solutions

Factoring as a Segueway to Success

Segueway to Success Listen at – “Factoring as a Segueway to Success” Previous Archived Shows - On Demand – “Segueway to Success” talk radio podcast By: Brent Hamachek and Tom Kuchan Our “Segueway to Success” show, talking about our blog, airs each Wednesday at 15:00 CST.  Find this week’s show and the archives on our web site: […]

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One cost-cutting technique that can get companies in big trouble

It’s good for Finance when employees throughout the company look for ways to cut costs. But not when that behavior creates legal and security risks.  In many organizations, IT and management don’t keep tight control over what software employees download — and that may mean people are using the Internet to find and install pirated […]

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Commercial RE Appraisals – an Inside Story

Segueway to Success Listen at – “Inside Commercial RE Appraisals” Previous Archived Shows - On Demand – “Segueway to Success” talk radio podcast By: Brent Hamachek and Tom Kuchan Our “Segueway to Success” show, talking about our blog, airs each Wednesday at 15:00 CST.  Find today’s show and the archives on our web site:  www.seguewaysolutions.com/Articles-and-Events.html How commercial […]

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Tighter budgets mean more risk for data centers

Companies are being forced to cut costs, and one effect that’s having is increased risk of downtime and security breaches in the data center. But a new report says those cost savings may be worth it.  Businesses are looking for ways to reduce costs in their IT infrastructure, and among other things, that means assuming […]

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Are your Finance employees stealing data for competitors?

Finance employees tend to have access to a lot of valuable information. And a new study says many of them have no problem stealing that data and giving it to competitors.  The reason: Many employees don’t believe that stealing intellectual property or trade secrets is wrong, and often aren’t aware that it could be against […]

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Open source costs more than commercial software (says Microsoft)

A dispute between a German city and Microsoft has opened up a heated debate on the cost of open source software.  Open source software is never completely free, in the financial sense. Even if the applications themselves are available at no cost, businesses still need to pay for support, training, data migration and other needs. […]

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3 hidden costs of BYOD – and how to avoid them

Allowing employees to work on their own personal devices can lead to cost savings. However, BYOD programs also increase costs in some areas.  It isn’t just employees who benefit from the chance to use their own smartphones and tablets. According to one recent survey, BYOD increases profits, raises productivity and improves employee retention. However, there […]

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Report: Companies spending less on IT outsourcing

While outsourcing some IT functions can help many organizations save money, firms are spending less on IT outsourcing than they have in the past.  Spending for third-party IT services is down and is likely to dip even further, according to a recent report from consulting firm Information Service Group (ISG). In the fourth quarter of […]

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Banks, Businesses, and the Business of Banking

Segueway to Success Listen at – “Segueway to Success – Banks and Businesses” Previous Archived Shows - On Demand – “Segueway to Success” talk radio podcast By: Brent Hamachek and Tom Kuchan Our “Segueway to Success” show, talking about our blog, airs each Wednesday at 15:00 CST.  Find today’s show and the archives on our web site: […]

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What IT wants from Finance in 2013

IT departments are finalizing their lists of things they want to accomplish this year. Here’s what IT pros say are their priorities for 2013.  There’s good news for Finance leaders charged with uniting the sometimes disparate factions of IT and the business side, according to a recent survey by Serena Software. When asked what their top priorities […]

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Infographic: Will BYOD save companies money?

As companies struggle to find the best ways to deal with employees’ personal devices, many businesses are asking a key question: Will BYOD help save money or increase costs?  The answer isn’t clear, according to various surveys and reports from experts. In one poll conducted by IT services firm Damovo UK, 73% of IT directors […]

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A common cost-cutting measure that puts sensitive data at risk

Many companies are turning to cloud computing services, in part because they can help save money compared to traditional IT investments. But that desire to cut costs can often leads to this risky tactic:  Allowing non-IT users and departments to provision cloud computing services on their own without IT’s knowledge or approval. The use of […]

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