The Startup Magazine |
- 3 Tips for Organizing Your Taxes Efficiently as an Independent Contractor: 1099 Forms and More
- Why 9 of 10 Startups Fail and What You Should Focus on for Yours to Survive
- Improving Employee Retention Amidst the Great Resignation
- 5 Things that Every Business Should Outsource
- Blogs and Their Importance for Businesses in 2022
- 4 Areas of Your Business that You Need to Manage Properly
- The Challenges and Benefits of Cloud Migration
- How Logmore Is Empowering the Global Supply Chain’s Digital Transformation
- DataRails Hires David Rosenberg as New VP of Customer Success
| 3 Tips for Organizing Your Taxes Efficiently as an Independent Contractor: 1099 Forms and More Posted: 17 Feb 2022 01:02 PM PST  Unless you're a freelance bookkeeper, the thought of keeping your records simple, clear, and clean probably makes you shudder. As an independent contractor, your goal is to maximize your time working for clients by minimizing the effort you put into admin duties. Independent contractor taxes come with the territory when you want the freedom to work on your own.
Image Source: Pexels How to Organize Your Taxes Effectively as a FreelancerOne way to pull away from the admin of independent contractor taxes, besides hiring an accountant, is by organizing your tax documents, deductions, and Profit and Loss statement month to month. Here's how to do that. 1. Know What Forms You Need to FileThe first step to getting organized is simple: figure out where all your tax documents go. If you prefer to receive or send your tax documents by mail, keep everything in a file folder. However, it's better to file your taxes electronically, especially if you're using bookkeeping software. Most independent contractors will have to use the following tax documents:
Once you know what documents you need, you can start to figure out your tax burden. 2. Calculate Your 1099 Taxes Ahead of TimeFreelancers should use a 1099 tax calculator to understand their monthly tax burden. While it's good practice to keep 25-30% of your income for tax purposes, having a more accurate number will give you the chance to spend your money on other things, like scaling your business. While you're at it, you should calculate 3 of your deductions: business-based vehicle mileage, your internet and phone deductibles, and home office expenses. These deductions are the most time-consuming and difficult to track once you're at the end of the tax year. Make sure you track, save, and file deductions that have to do with:
By utilizing your deductions, you could lower your tax burden significantly. 3. Review Your Documents and Keep ThemEven though you've done your due diligence to prepare your independent contractor taxes for filing, you can't just send them off when January rolls around. Whether you organize your records in a spreadsheet or a financial app, you need to reconcile your accounts to make sure they're balanced. The process of reconciling is easy; just make sure the transactions on your statements match the transactions on your program. If they don't match, you may be underreporting or overreporting your expenses. Even if everything looks fine, it still pays to double-check. After balancing your accounts, you have to send the following documents to your accountant:
Don’t throw anything away once you send off everything to your tax person. Staying organized means keeping your self-employed records for at least three years after sending them to the IRS. In some cases, you may need to keep your tax records for six or seven years. If you have quick access to your files, you'll have peace of mind if or when you're audited. You typically have a limited time to correct your file, so keep your records handy for the taxman, and make your life easier for the next review of your independent contractor taxes. The post 3 Tips for Organizing Your Taxes Efficiently as an Independent Contractor: 1099 Forms and More appeared first on The Startup Magazine. |
| Why 9 of 10 Startups Fail and What You Should Focus on for Yours to Survive Posted: 17 Feb 2022 11:57 AM PST  Some startups become the biggest companies in their field. Some.. invent fields and make lots of money by showing the public they have an answer to a question they hadn't asked yet. Other startups have a great idea but suffer startup failure in the following years. Unfortunately, that's the case for most startups. Actually: about 90% of all startups fail in their first ten years. While about 80% survive the dreaded first year, those that do, often fail in the subsequent years. In this article we tell you why this happens and what you need to focus on if you think you have an idea that's worthy of building a startup around.
What are the biggest reasons startups fail?According to data from the SBA from 2019, the startup failure rate is around 90%. Over 20% don't make it to the end of the first year, about 30% stop after 2 years and by the fifth year half of the startups give up. Now you might think: "That's not too bad! They survived the first 5 years!". Unfortunately, many more fail even after surviving 5 years. There are a ton of reasons why a startup might fail. First and foremost: it's possible that the idea just wasn't good enough and/or they didn't do enough research. Some startups have a good idea, but have to compete against giants in their business. Many startups actually just run out of money. For instance because the costs weren't managed enough or because sales just weren't bringing in enough money. And without money, you can't invest in effective marketing, you can't hire more employees … and you will most likely fail. Having good liquidity as a startup is absolutely crucial. Once you start missing payments to your partners, it's often the beginning of the end. Before you know it, a partner might send a debt collection agency (Dutch: incassobureau) to seize (Dutch: beslaglegging) your assets. How can I avoid failing?If you have an amazing startup idea, it can get you super pumped and excited. You might invent the next Adyen or UberEats! But before you get too excited… There are a few things we recommend you do. 1: Do your research: Before quitting your full-time job to start your own business, it's important to do enough research. Make sure you know everything there is to know about your market and your customers. Find out how they decide, what they desire and what triggers them. When you know your customer and your market by heart, it will be a lot easier to pitch your product or solution. 2: Make a business plan and set goals: Many businesses have a business plan for the first year. But what comes next? Ideally, you have a business plan for the next few years with strict goals about how much profit you want to make, how many people you want to hire, how many customers you want to have …. It's important to set goals, otherwise, you'll make decisions because you have to make them, but not necessarily decisions that will be the best for your business. 3: Love what you doIt's a classic, but you have to love what you do 100%. If you don't, there's a big chance that your business will suffer. If you have a great idea, you can try selling off your business, if you don't, you can try again with another idea that you do love later. Startup failure can provide lessons for later success. Good luck! The post Why 9 of 10 Startups Fail and What You Should Focus on for Yours to Survive appeared first on The Startup Magazine. |
| Improving Employee Retention Amidst the Great Resignation Posted: 17 Feb 2022 11:17 AM PST  The pandemic came without warning, causing disruptions across industries. With limited operations and the Great Resignation continuing to cripple many businesses, employers are hard-pressed to retain their employees. To ensure their best employees stay, they have to look for the best possible approach to improve employee retention.
Image Source: Pexels These are unprecedented times, and work setups, as well as employee behaviors, are changing. Companies are trying every trick in the book to help stabilize their workforce. This is to stop employees from constantly leaving and to ensure productivity is kept relatively high at all times. If you're an employer and you're looking to improve the quality and quantity of your workforce, here are some techniques to try: Provide More Growth OpportunitiesIn a 2020 survey, it was found that over 20 percent of employees leave their jobs to look for career growth. To entice employees to stay, you need to offer them chances for advancement. Progress begins from the inside, so promoting within your ranks must be prioritized over hiring from the outside. Internal Job Postings (IJP) should also be considered, so you show employees that they're prioritized for available positions over those on the outside. IJPs help you hire the right person. It also motivates employees to do better, reflecting in their increased productivity and improved work quality. These opportunities encourage engagement between management and the workforce. It also helps them foster an affinity to the company. Many businesses are pulling out all the stops to snag all the best workers around. Great employees can easily move to other companies if they feel you can't provide them with the growth they need. Aside from offering them an attractive compensation package, adding training and promotions to the mix can stop them from heading for the door and help you improve employee retention. Maximize the Potential of Digital TransformationBusinesses have embraced digital transformation willingly, which has changed how people do their work. It has also changed how companies hire people to hold key positions in their workforce. To keep up with your competition, you need to leverage technological breakthroughs and employ digital tools. Some of the things you can utilize to improve overall operations include digital marketing and online transactions. Statistics show that 70% of business organizations will increase their productivity tools in the coming year. Companies can use technology to optimize their workflow. This can also help them route information between employees and systems faster. There are several reasons employees leave their workplace. But preventing workload redundancies that burden workers can help with such attrition statistics. Digital tools can also help you keep track of productivity, which can help you determine which of your workers are deserving of a step up in the company. You can use employee monitoring software to do this. This tool will help ensure consistency in a remote or hybrid work environment. Despite the annoyance it causes employees, it can improve their focus on their tasks and ultimately help you understand, if not improve, employee retention. Create a Fun and Welcoming Work EnvironmentGenerous remuneration alone does not guarantee the happiness of your employees. When you aim to keep your workforce happy and make them stay with your company, there are other factors to consider. One thing you can do is increase engagement and stay connected with your employees. In a KPMG survey, many respondents revealed that they missed interacting with their colleagues in the office. This shows that human interaction ranks high in what employees view as reasons to stay with a company. Interactions like non-work huddles can help relieve stress and improve the bond between coworkers. They can also serve as a break from serious work concerns. Virtual meetings can also be used for team-building activities and welcome newbies to the fold. Open-door meetings, online town-halls, and company catch-ups should also be done once in a while. These will help the employees feel that they matter and are afforded the right to know where the company is headed. Provide What They NeedWith most companies' current remote work setup, overhead costs are lower than ever. This means your company can afford to divert such massive savings into increasing the salaries and improving your workforce's benefits. Not only will such a move lift the spirits of employees, but it will also help motivate them to work at increasing their productivity and stay with you. Another thing they can improve on is the health insurance they provide, which can be very helpful given the current health crisis the world is in today. The Bottom LineDespite these uncertain times, companies can still do several things to hire and keep the right people. Gainful employment is not only about compensation anymore. Growth, access to the most recent technologies, and proper life-work balance are critical factors for employee retention. So, be on the lookout for what you can provide your employees and new hires. What you offer can spell the difference between them staying and leaving for better opportunities. The post Improving Employee Retention Amidst the Great Resignation appeared first on The Startup Magazine. |
| 5 Things that Every Business Should Outsource Posted: 17 Feb 2022 10:16 AM PST  Part of being a good leader is knowing how to allocate work to those who can perform the job even better than you. When you're in a business role, this situation is no different. While it is usual for new business owners to take on many other responsibilities and outsourcing certain tasks is critical to keeping focus on the startup launch.
Credit: yanalya Via Freepik Why Do You Need Outsourcing?When the time comes to outsource your tasks, you'll know it. Along with expanding on production and the size of your staff, outsourcing can be one of the most important new avenues for a growing business to take. While the main reason that it represents a good move for your company is that you'll be delegating specialized jobs t the experts that handle the best, it will also free up your time and the time of your salespeople, so you can focus more directly on performing your main jobs well. With this goal in mind, here are a few of the things that you should consider outsourcing: LawyersUnless you've passed the bar exam and decided to retire from your legal practice to start your own business, this one should go without saying. Most people understand that it wouldn't be prudent to defend yourself in a court of law, and the situation is no different for your business's legal matters. AccountingYou may already know how to balance the books independently, but that doesn't mean that you should. Not only is a chartered accountant likely to perform a more reliable job, but they will also be able to ensure that you don't mess up your taxes and end up either paying too much or risking an audit. Debt CollectionIf you're losing out on income that you've earned because your customers or business partners are not paying off the credit, then you should contact a professional company that can handle the situation appropriately. When you're ready to talk to a professional debt collections company about bringing lost income back to your accounts receivable department, contact Summit A•R for advice. As a bonus, you can also trust a debt collection expert to handle your accounts payable department. Human ResourcesIf you want to guarantee that you gain the largest selection of the best available employees, then you're going to want to work with a head-hunter. It takes an enormous amount of time to read over job applications and evaluate the best candidates. When you rely on a professional to find you the best employees, it will save you time; you'll also gain access to more candidates. Social Media PresenceYou may have a lot of followers on your private social media accounts, but are you keeping up to date on all of the latest trends on Twitter and TikTok? Do your business and online marketing a favor by getting someone who has dedicated their life to understanding social media trends and specializes in growing business accounts to ensure you're using your online presence in a way that benefits your company. Your business is growing, and it is time to celebrate this success by delegating tasks that you shouldn't still be doing. Find a professional service to cover needs like debt collection to ensure you're not missing out. The post 5 Things that Every Business Should Outsource appeared first on The Startup Magazine. |
| Blogs and Their Importance for Businesses in 2022 Posted: 17 Feb 2022 10:06 AM PST  In the year 2022, would blogs still be useful? In this day and age of social media, is it worthwhile to devote time and resources to your corporate blog or to start one. Blogging became a popular business internet strategy a few years ago. Sports, tourism, cuisine, and science blogs had been springing up all over the internet before then, providing trustworthy advice and specialized information.
With the growing popularity, astute marketers immediately saw the lucrative potential of blogging for businesses. It was a highly efficient means of disseminating expert viewpoints and demonstrating that businesses understood what they were talking about. Globex Outreach Blogger Outreach can be the best investment you make for your marketing strategy to get your product or services worldwide exposure. Nothing has changed since then. Blogging is still a powerful marketing tool. It’s actually beefed up. Blogging is not going anywhere anytime soon in 2021, and it isn’t going away in the next decade. However, how people engage blog content now is vastly different from how they were taken a decade ago. If bloggers or businessmen wish to maintain consistent success with their blogs, they must adapt and build new business models. What Do Blogs Have To Do With Business?With the fast-paced evolution of the business world, it’s becoming increasingly clear that entrepreneurship success is dependent on market diversity. A corporation cannot afford to concentrate just on one sector. To keep expanding, it has to branch out, and a few ways may help an organization branch out into new areas like blogger outreach. You will not have to put all of your eggs in one basket thanks to the help of bloggers. As a result, you will have a considerably higher chance of succeeding than you would otherwise. They may be beneficial regardless of what sort of business you are in, and we will go through some of the advantages of implementing them into your campaign. What Is Blogger Outreach?Blogger outreach sometimes referred to as content marketing, is when a company contacts bloggers or influencers to ask them to write on, discuss, or endorse an item or brand on their website.
You may create tremendous development for your brand in a variety of ways by identifying the proper bloggers and presenting a possible win-win for both sides. In a nutshell, blogger outreach is identifying the internet channels where your target audience congregates and cultivating strong connections with the proprietors of those channels. Benefits To The BusinessesBlogger outreach is an essential part of any internet marketing plan. By releasing material across several media, pro athletes may increase their authority, expand their online reach, and acquire the title of a thought leader. Here are some of the benefits of blogger outreach
1. Reach The Audience Around The GlobeThe secret to successful blogger outreach is that it benefits both the company and the writer. If you would not have motivation in your outreach efforts, your digital marketing strategy will fail. This might be a thing to try and keep or a few things to use as competition rewards. Like a magpie, anything that expands a writer’s influence and reputation is like a bright penny.
2. Excellent Way To Earn BacklinksMany organizations want to obtain as many reputable backlinks as possible since they lead to more potential customers visiting their sites. It also has an impact on their search engine rankings. You will be able to enhance your backlinks and gain the benefits of doing so by employing bloggers.
3. Cost-Effective StrategyAdvertising is a major component of every organization. However, if you put too much money into it, you will not receive the results you are hoping for. Fortunately, utilizing bloggers to promote your business is a low-cost option. You will be reached beyond your target audience with creative work, and it will not cost you a boatload. Simply said, it will save you money and effort while also increasing the number of leads you receive. Things To Do When Planning A Blogger Outreach StrategyYour ability to comprehend your customer's primary aim and explain the importance of your proposal will determine the success of your outreach effort. You will get better outcomes and build more authentic and meaningful long-term relationships if you approach blogger outreach with empathy. When it comes to developing your blogger outreach strategy, there are a few things to keep in mind.
Of course, you will make mistakes — tons of them. But if you stay consistent, it will all be worth it. Wrapping It UpBlogger outreach services engage with influencers to gain meaningful, long-term connections that boost your ranking in search engines and generate focused traffic to your website. They recognize that each company and webpage is distinctive, and each spot is hand-picked by a professional staff. Blogger outreach and influencer promotion are two of the most effective ways to link your items/solutions to what your consumers are already thinking about. Bloggers and writers have devoted followers who respect and admire them. Allying your brand with such bloggers increases the likelihood that their audience will trust you as well. One of the reasons influencer marketing is so popular is because of this. Influencer marketing is beneficial for about 80% of entrepreneurs. In addition, seven out of ten businesses believe the quality of clients acquired through influencer marketing, particularly through blogging, is superior to that obtained through other channels. The post Blogs and Their Importance for Businesses in 2022 appeared first on The Startup Magazine. |
| 4 Areas of Your Business that You Need to Manage Properly Posted: 17 Feb 2022 09:25 AM PST  When you're the owner or manager of a business, most of your job revolves around using your management skills in managing different aspects of said business. And while that may sound like a relatively easy task to many people, the opposite is in fact true.  Female Project Manager Holds Tablet Computer and Shows Plan Drawn on a Blackboard Wall to Male Developer. Staying on top of so many areas and ensuring that they are all managed correctly can be an incredibly daunting and stressful job. So, start by focusing on managing a few areas of your business properly. Once you have the hang of that, you can start improving your management skills in other divisions as well. You need to manage changeChange management is a relatively new concept, and it might sound a bit strange to devote your time to managing changes in your business, but the truth is that it's incredibly important to manage it correctly. Think about it – businesses are constantly changing. While this is good, any sort of change is bound to affect other areas of your business such as your finances or your employees – which we'll discuss in this post as well. Managing this change so that it's not as disruptive is thus a great idea. If this sounds interesting to you, you should research organizational change and how to manage it. You need to manage your employeesNaturally, when the word "management" pops up, most people think of it in relation to employees. This makes sense; your employees likely make up the bulk of your business. This is perhaps the area that is the hardest to manage, as you're dealing with people rather than statistics. While managing your employees does mean that you are in charge of them in the work environment, you need to remember that they have feelings, which means you need to find a balance between being strict and being understanding. This is where you will learn whether you truly have the skills a good manager needs. You need to manage your financesManaging your finances is one of the trickiest management skills to do as a manager. If you are struggling with it, there's no need to feel bad. Rather get a professional such as an accountant to help you stay on track when it comes to your finances. Many apps and software can also help you keep track of your various finance-related things. Getting an automatic expense tracker might be helpful. You need to manage your communicationCommunication is essential to a business's success. Similarly, poor communication or a lack thereof can lead to problems in your business. As a business owner or manager, you will spend a lot of your time communicating with others. You may need to communicate with your superiors if you have any, and you will also need to effectively communicate with contractors, suppliers, service providers, employees, and customers. It's a lot, which is why you need to manage it by setting time aside each day to communicate with people. As your business grows, customer miscommunication may become a problem, so you can click here for some management skills to help you avoid it. The post 4 Areas of Your Business that You Need to Manage Properly appeared first on The Startup Magazine. |
| The Challenges and Benefits of Cloud Migration Posted: 16 Feb 2022 03:28 PM PST  You may have seen the term cloud migration on the news. In 2020, over 50% of organizations had shifted workloads to the cloud. And the global cloud computing market volume is expected to hit USD 947.3 billion by 2026, according to ReportLinker. So, what is cloud migration, and how can it put your company at an advantage?
Credit: LinkedIn Sales Navigator via Pexels In a nutshell, cloud migration is a potentially complex process where a company completely or partially shifts its services, databases, applications, resources, and more to the cloud. A company may also move from one cloud to another during migration to take advantage of more modern infrastructure. The process can take anywhere from a month to over a year. It all depends on the nature of the project and the skills and quality of your cloud migration team. Challenges of Cloud MigrationThe problem with cloud migration is that many programs can't move to the cloud without significant redesign. Additionally, app modernization isn't easy. Without the right cloud migration partners, you may also face issues such as security risks, compliance problems, insufficient training, and more. If you don’t plan it right, you may also look at significant downtime. So, you're probably wondering how to optimize the process. For starters, you can meet the challenges by using the best services for cloud migration from an experienced, reputable IT partner with an excellent track record with globally renowned clients that can work with cutting-edge technology like Amazon Web Services (AWS). The right team can reduce your operational downtime by meticulously planning your move and identifying and prioritizing critical components. A good team will also offer a realistic cost breakdown so that you can plan accordingly in the short term. Usually, cloud migration will boost your Key Performance Indicators (KPI) and bring a fair Return on Investment (ROI) in the long term. Advantages of Cloud MigrationReduction of CostMost companies migrate to cloud computing because they realize the up-front costs are worthwhile. Without requiring expensive local equipment that’s pricey to maintain, repair, and upgrade, you can immediately slash operation costs. For instance, Emirates Airlines expects to save AED 3.8 million (USD 1 million) annually after a massive shift to AWS. Cloud migration also boosts scalability. You can temporarily upgrade capacity in peak seasons on the cloud, but with local hosting, you’ll have unnecessary technology most quarters of the year, raising your fixed and variable costs. After the cloud migration completes, some companies also sell off unneeded technology to other businesses for a fast and sizable boost to their coffers. Moreover, cloud migration allows companies to work remotely more efficiently, further reducing costs like rent, salaries, and energy bills. InnovationA cloud-based business model can be pretty nimble. You can rapidly develop new services, applications, and much more to help your company be innovative on the cloud. The ability to build quickly and cost-effectively on the cloud will also allow you to experiment with new ideas. Moreover, a cloud-based company is more likely to attract younger employees with fresh ideas. Security and ReliabilityAfter growing pains during the shift, it's usually smooth sailing when a capable team manages your cloud migration. You'll notice fewer downtimes and avoid costly issues that corrupt data on the cloud. Enhanced cybersecurity is also an advantage of cloud computing. And in the age of escalating ransomware threats, better data protection and disaster recovery options are invaluable. The post The Challenges and Benefits of Cloud Migration appeared first on The Startup Magazine. |
| How Logmore Is Empowering the Global Supply Chain’s Digital Transformation Posted: 16 Feb 2022 08:15 AM PST  Global supply chains have a waste management problem. Annually, global supply chain inefficiency contributes to the 1.3 billion tons of food waste worldwide. The World Economic Forum, meanwhile, estimates that over half of the world's carbon emissions can be attributed to the supply chains of just eight industries.
Meanwhile, the global supply chain crisis that started with the Covid-19 pandemic in early 2020 continues to undermine dependability. A January 2022 executive survey from PwC found that ongoing supply chain disruption is the second most pressing risk factor in business leaders' minds, while 60% say digital transformation is their most critical growth driver this year. With this in mind, it's encouraging to see that as a new wave of technology sweeps through businesses, supply chain stakeholders have begun implementing novel solutions to increase efficiency. Visibility and transparency are more than buzzwords in the modern supply chain. They are keys to increasing efficiency and reducing waste. In the past, technological solutions such as radio frequency identification (RFID) tags played a significant role in tracking shipments and monitoring storage conditions. These days, the internet of things (IoT) is leaving a mark. The rise of Finnish startup Logmore is a perfect example of the sweeping digital changes occurring in the global supply chain. Guardian Data LoggersLogmore’s journey began by identifying issues in existing supply chain technology. Specifically, RFID logger technology and its shortcomings seemed a fertile area in which the startup could develop novel solutions. Data transmission when using RFID solutions requires significant investment in proprietary systems which are often unreliable. Signals either get lost or vanish into thin air when faced with turbulent conditions. For instance, radio waves frequently get knocked around in container stacks, leading to lapses in information transfers. In turn, this creates waste that can easily be avoided. IoT devices such as Logmore’s Guardian tags solve all these issues elegantly. The device is connected to a sensor within shipments and displays a QR code on an electronic screen attached to the pallet or package. An employee can scan this code using their smartphone (or any QR code scanner) and transmit shipment-related data to a central database. Thus, data visibility increases, and shipments are monitored at all times. Automating data gathering is one of Logmore’s CEO, Niko Polvinen’s, key priorities. “I often say, let the packages tell their story, When data gathering and sharing is automated, nothing gets overlooked,” he notes. Logmore’s commitment to putting data in stakeholders’ hands goes further than designing innovative devices. Sophisticated Cloud SolutionsThese days, every innovative company hosts its data on the cloud. There are significant advantages to cloud infrastructure compared to on-site, static servers. Maintenance, scaling storage, and upgrades are outsourced for a single monthly fee. Companies can therefore concentrate on what they’re best at, instead of setting up costly IT departments. Logmore’s cloud solution boosts data transparency by transmitting data to stakeholders throughout the supply chain. This approach was defined by the way its customers handle data. "We're seeing a real change in the way that retailers and logistics teams relate to data,” says Polvinen. “There's been a significant uptake in the number of queries we've had from retail suppliers who see the need to offer their clients complete data and insights about their shipments.” Consumers demand transparency these days. They like knowing where the food they consume has arrived from or where their medicines were manufactured. Logmore’s Guardian data loggers make data collection easy, and the cloud simplifies distribution. The company offers its own dashboard web app, as well as an integration-friendly API. Aside from providing consumers insights into the products they buy, the cloud also reduces waste significantly. Thanks to all stakeholders monitoring shipment progress, the odds of goods suffering damage reduces. The Guardian loggers transmit much more than geolocation data. They also record condition-related data such as temperature, humidity, shock, and light. Tied to these datasets are user-defined alerts. For instance, a manufacturer can set a temperature threshold breach alert that notifies all stakeholders when such an incident occurs. Teams can react in real-time and notify the transporter to take mitigative action. Instant audit trails also make life simpler when determining the origin of the damage. Thanks to data being readily available on the cloud, firms do not have to worry about being stuck with incorrect liability claims. Seamless Connectivity and TransparencyData collection and transmission is one thing, but making sure stakeholders receive in-depth views is another. Logmore has addressed this challenge by providing APIs that promote seamless integration between data gathering systems. As Polvinen explains, “Logmore is about building a more effective, efficient supply chain. The more data we can put in the hands of decision-makers and the more tools we give them to make sense of that data, the better off we all will be.” The company’s APIs help stakeholders connect their systems to Logmore’s cloud-hosted platform, thus simplifying internal data analytics using whatever analytics software they're used to. It's also possible to build custom apps using the API, providing external stakeholders with full access to the latest information on the conditions of their shipments. Manufacturers can run analytics on shipment data to evaluate shipping partners, shippers can plan routes efficiently, and retailers can tailor storage conditions to account for the condition in which they’ll receive goods. Seamless connectivity via Logmore’s APIs lies at the heart of this degree of data transparency and analysis. Digitalizing the Global Supply ChainDigitally transforming global supply chains has been a long-standing priority for stakeholders. Thanks to IoT-driven innovations and data solutions like those offered by Logmore, global supply chain processes are becoming leaner and more efficient. The post How Logmore Is Empowering the Global Supply Chain's Digital Transformation appeared first on The Startup Magazine. |
| DataRails Hires David Rosenberg as New VP of Customer Success Posted: 16 Feb 2022 08:08 AM PST  DataRails, the financial analysis and reporting software startup, has announced the hiring of David Rosenberg as the company's new VP of customer success.
Rosenberg comes fresh from managing the growth of Keyrus, a data consulting company, from 35 to 120 employees. He has a wealth of experience in the data vertical, having served in previous roles at companies such as Intel, AllScripts, and Vision.bi. In his 17-year career, Rosenberg has developed key insights into the minds of CFOs and FP&A teams, with strengths in both customer-facing leadership and data analytics itself. Rosenberg will be based in DataRails's NYC headquarters. Prior Leader Moves OnRosenberg replaces Tal Goori in the VP of customer success role, as Goori moves to a broader role as the new VP for strategy. Goori herself came on board in October 2021, when DataRails significantly bolstered its executive team with a string of high-profile hires. Others in that cohort included Zviki Shimon (CFO), Yair Areli (senior VP of global sales), Nir Mandel (VP of product management), and Aviv Canaani (VP of marketing). In addition to Rosenberg's hire and Goori's role change, DataRails has announced an internal promotion for Sergey Spivakov, who moves from director of R&D to VP of R&D. The promotion signals the importance of product development for the company's growth roadmap. CEO PerspectiveDataRails was founded in 2015 by Didi Gurfinkel, Eyal Cohen, and Oded Har-Tal. Gurfinkel, who has served as CEO for the entire life of the company, offered his thoughts on the importance of these executive team moves. "As part of our growth plan, we’ve realized a need to create new business channels and expand existing ones," Gurfinkel said in a statement. "Customer success has always been at the core of everything we do at DataRails, and David will bring enormous experience and insight into delighting customers at every stage of their journey. We are also excited to see Tal and Sergey take up vital new roles which will help establish the company as the number one solution for financial planning and analysis among businesses." Investor Sees OpportunityDataRails has already raised $53.5 million for the software startup to date, with the latest round, a two-part Series A, completing in June 2021. Investors include Zeev Ventures, Innovation Endeavors, and Vertex Ventures Israel. Yanai Oron, General Partner at Vertex, has said that his firm invested in DataRails because of the profile and strength of the platform's positive reviews. “When we spoke to DataRails customers, including several leading Fortune 500 companies, they were thrilled to be able to continue using a tool they are so accustomed to, with the added capabilities that DataRails has to offer them," he said in 2017. "The benefits of using DataRails can clearly be seen in the rapid customer acquisition the company is experiencing and the overall excitement for the product among users.” Product FocusIndeed, a key aspect of DataRails's success can be attributed to the manner in which the company's solution meets customers where they already are. Many companies across the globe rely on Excel to manage their finances, but reports can often sustain hard-to-find errors due to the amount of manual work needed to maintain them. Yet it can be intimidating and expensive to train staff to use a new program. DataRails instead builds tools that integrate with Excel to give their clients the convenience of Excel with the power of connected data sources, data processing capabilities and AI-powered projections. DataRails allows companies to manage their data in Excel, operating as a front end to a cloud database, which makes it far more agile and easier to create accurate models. Forecasting becomes a simpler task as the integrations mean that executives can always be confident they are looking at the most relevant data to make the best decisions possible at any given moment. By reducing inefficiencies, software startup DataRails aims to free up time for business finance teams, empowering them to focus on higher-value tasks instead. The company released a report in January 2022 which showed how poor financial reporting practices may cost $7.8 billion for businesses in the United States this year. The post DataRails Hires David Rosenberg as New VP of Customer Success appeared first on The Startup Magazine. |
| You are subscribed to email updates from The Startup Magazine. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment