Interesting Things You Need To Know About Time And Attendance For Business

Recall the days of yours when books and actual logs were kept up to follow the representatives’ participation. Envision the measure of exertion needed to check every section and physically tally everything. Yet, the development of innovation has made the running of a business very smooth.  Gone are the times of taking note of down the hour of entering and exit in the log sheet for Time and Attendance. Now let have a look, how Modern attendance management will help you. How do Time and Attendance Management Software help? Innovation…

10 Reasons To Choose Business Analyst as Your Career

You may have come across the term business analyst many times. Many of your acquaintances might be working as a business analyst in a firm. In today’s world business analyst is a necessity for every organization. In this article, you will understand who is a business analyst and why you should choose BA as your career. Who is a business analyst and what do they do? Business analyst provides an opportunity to learn life-long and find solutions to various business problems. Let us understand the meaning and importance of business…

10 Big Data Trends for Intelligent Businesses

From the buzzword to the technical mean, today, the ‘Big data’ concept is the success key of growth locks. The advancements in other technology domains have simplified the analysis of large data files to a greater extent. Big firms and companies are achieving new heights by working on their big data strategy and analysis platforms. One of the surveys reports that the expected revenue generation from big data will be around $274.3 billion by 2022. Grasping the current big data market knowledge and its meaningful applications is the need for…

A Few Effective Tips to Become A Successful Businessman

Many people are aware that how to become a successful businessman is an individual’s personal journey. It may not seem easy but it is not as difficult as it sounds. There are many success stories of successful businessmen but how they became what they are now? They had to start from somewhere and find their own way towards success. Good business plan: The first life hack that you need to do is to have a good business plan. You can actually create your own business plan or hire someone to…

Power of Astrology in bringing Financial Freedom & Abundance of Wealth

As all people have known that finance and wealth is one of the most important aspects of each and every person’s life because it is said that finance is life bringing component of this whole society and due to this reason you can easily understand that why finance is this much important for each and every person. And due to this reason each and every person wants to earn more and more wealth. But, each and every person is not able to earn wealth, and the reasons behind this can…

What is a Business Credit Score and Why Does It Matter?

What is a Business Credit Score and Why Does It Matter? A business credit score is a number that indicates your financial rapport in the market. It explains your creditworthiness in the business, your financial habits in regards to payment of dues, and how you manage your finances. It also indicates if your company is eligible to avail credit from lenders. Credit information companies like CreditQ generates your business credit score and company credit information report based on several factors, including your payment history, credit utilization rate, etc.  It’s recommended…

Process of Income Tax Refund Verification

Income TAX

According to a report presented by The Economic Times, around 5.5 crore Income tax refunds were filed in the financial year 2018-19. As per the same source, the number of individuals who filed ITR grew by 62% in 16 years between the fiscal year 2003 to 2019. Consequently, the evident increase in the number of returns shows the awareness amongst Indian residents regarding the essence of return filing. It is vital to file ITR so that one can acquire the applicable tax benefits. And it is as much important to…

What are the requirements for creating a GRC plan for your organization?

Requirements for creating a GRC plan for your business

Risk management has advanced a lot in the 21st century. In the past, we all associated it with buying the insurance, and that was it, but now businesses are starting to focus more on their internal risks. Today, we’re seeing regulations being put in place that forces certain businesses into compliance. These are an effort to eliminate scandals and protect investors. The line between risk management and compliance has become quite blurry since it has become a legal requirement. However, think of it like this. When you are failing to…

KYC: How it Helps Financial Institutions to Knowing their Customer?

KYC

The Reserve Bank of India made it mandatory for all the financial institutions to implement KYC (Know Your Customer) in 2002, and it came into force on 1st July 2005. RBI issued this guideline through the section 35A of Banking Regulations Act, 1949. The objective behind this KYC implementation was to restrict money laundering and stop banking frauds. Thus, in order to eliminate this problem, awareness about what is KYC needs to be generated to keep customers safe and secure. KYC: What is it? KYC or Know Your Customer is a process…