Miscellaneous News - SiteProNews https://www.sitepronews.com/category/articles/miscellaneous/ Breaking News, Technology News, and Social Media News Tue, 13 Aug 2024 20:09:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.10 Custom Apparel for Team Building: Designing with Purpose https://www.sitepronews.com/2024/05/16/custom-apparel-for-team-building-designing-with-purpose/ Thu, 16 May 2024 04:00:00 +0000 https://www.sitepronews.com/?p=136183 Team building in a company setting is paramount for fostering a strong and cohesive work environment. Collaborating effectively as a team is pivotal for success in any business venture. Using custom apparel is one effective strategy to promote teamwork and unity among team members. Customized clothing serves as a practical uniform and a symbol of […]

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Team building in a company setting is paramount for fostering a strong and cohesive work environment. Collaborating effectively as a team is pivotal for success in any business venture. Using custom apparel is one effective strategy to promote teamwork and unity among team members. Customized clothing serves as a practical uniform and a symbol of solidarity and belonging within the team. Let’s look at the numerous advantages of custom apparel for team-building activities. We will explore the underlying reasons for designing custom apparel and provide insights on crafting distinctive designs that will set your team apart and enhance morale.

The Benefits of Custom Apparel for Team Building

Custom apparel can offer a multitude of benefits for team building. Firstly, outfitting employees in unique attire fosters a sense of belonging and pride among team members who proudly represent their company or brand. Moreover, donning custom apparel can serve as a unifying factor, enhancing communication by dismantling barriers between various departments or teams within the organization. This, in turn, cultivates a cohesive work environment where employees feel connected and valued, leading to improved collaboration and mutual support in working towards shared objectives.

Designing with Purpose

When creating custom apparel for team-building activities, it is crucial to carefully balance practical considerations such as comfort and functionality with aesthetic elements like color schemes and logo placement. The design should mirror your company’s values and mission and be attractive and comfortable. To enhance the team spirit, consider including slogans or quotes that resonate with your organization’s culture and vision, fostering a sense of unity and belonging among team members.

Creating Unique Designs

To create a distinctive custom apparel line that captures attention in a crowded market, delve into innovative design features like intricate embroidery or vibrant screen printing techniques. Additionally, experiment with unconventional color blends and patterns that mirror the essence of your brand, setting it apart with a unique flair. Embrace this chance to unleash your creativity, leaving a memorable mark on your team and your clientele and establishing a solid brand identity that resonates with all who encounter it.

Choosing Quality Materials

When choosing materials for custom apparel, it’s crucial to select options that are durable and offer comfort and longevity. Opting for high-quality fabrics like cotton or polyester blends can ensure that the clothing remains resilient against daily wear and tear, providing a lasting solution for your employees. Additionally, considering factors such as the prevailing weather conditions and the nature of your team’s tasks is essential. For instance, moisture-wicking fabrics could be a practical choice to enhance comfort and performance in outdoor or physically demanding environments. By carefully evaluating these aspects, you can effectively tailor custom apparel that meets functional and comfort needs.

Ordering Custom Apparel

When ordering custom apparel, selecting a reputable supplier known for delivering top-notch products promptly and within budget constraints is crucial. Collaborating with a supplier well-versed in catering to businesses within your specific industry is advisable. Requesting samples or design mock-ups before confirming your order can offer valuable insights and assurance that the final product meets your expectations. By taking these steps, you can enhance the likelihood of complete satisfaction with your customized apparel.

Custom apparel is a way to promote team building within your organization. By designing purposeful and unique garments, you can foster a sense of pride amongst employees while also showcasing your brand’s personality and values. Remember to choose high-quality materials and work with a reputable supplier when placing orders. With these considerations in mind, you can create custom apparel that brings your team together and helps them achieve their goals!

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The Importance of Maintaining Brand Consistency https://www.sitepronews.com/2024/03/08/the-importance-of-maintaining-brand-consistency/ Fri, 08 Mar 2024 05:05:00 +0000 https://www.sitepronews.com/?p=135283 A brand identity is one of the most essential components of any business. It is how a company is perceived by the world, and most importantly, its customers. A business’s brand goes far beyond its logo or products- it encompasses its values, mission, culture, customer experience, and overall reputation. It is essential to maintain a […]

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A brand identity is one of the most essential components of any business. It is how a company is perceived by the world, and most importantly, its customers. A business’s brand goes far beyond its logo or products- it encompasses its values, mission, culture, customer experience, and overall reputation. It is essential to maintain a high level of consistency across all business channels, including social media, websites, emails, advertisements, and even chatbots. With so many businesses offering the same products to consumers, it is important to create a unique identity when facing the public. The key to this is creating a sense of hyper-personalization in the customer’s mind. 

Most companies are falling short of this goal. Two-thirds of customers are not receiving a personalized experience, despite 76% of customers wishing to have consistent interactions with a brand. 90% of businesses struggle with having inconsistent branding with their content, which has serious repercussions. This can create marketplace confusion with other companies’ products, a slower sales cycle, and a hindered ability to generate sales leads. On the flip side, companies that do focus on creating a consistent brand experience a 10% or higher increase in revenues.

The secret ingredient to creating a hyper-personalized experience for customers is the use of AI. Empowered by machine learning and artificial intelligence, this technology has the ability to create an ultra personalized shopping experience for specific audience segments. AI can track a consumer’s browsing data and purchasing data in real time to produce targeted ads and recommendations  for their specific interests. The beginning stages of this method include single message mailing, field segmentation, and rules based segmentation. As a company moves into more mature stages of hyper-personalization, they begin to give behavioral recommendations, omin channel optimization, and predictive personalization. Each new stage leads to greater revenue growth. 

There are already some major brands using this method to interact with customers. For example, 80% of Netflix users are relying on personalized recommendations for movies and shows to watch based on their previous viewing history, rather than searching it up on their own. Amazon has experienced 35% higher conversion rates on certain products based on sending out personalized product emails. Even Starbucks has experienced a significant improvement in performance (3x increase in incremental revenue) due to releasing personalization algorithms in their loyalty rewards apps. 

The research is very clear- companies are making more sales the more efforts that they spend on personalizing their brand. 90% of customers find personalized ads more appealing, meaning they are much more likely to interact with and ultimately purchase from a brand. 72% of customers actually respond to marketing messages that are crafted to directly relate to their personal experiences. For example, if a customer has already searched up culinary sets on Amazon, they will likely engage with ads related to these types of products. Brands that fail to pursue these initiatives could lose up to 38% of their customers as they are no longer being engaged, which could result in a 23% loss of revenue. 

Some of the world’s biggest brands have already become a success story in the world of generating a hyper-personalized brand identity. easyJet has a brand value of over $4 billion, which is largely driven by their focus on curating an extremely personalized customer experience. Some of their methods include sending out over 12 million emails that have branded graphics and destination imagery. These emails draw upon email copy with 12 modules and 28 data points. The results are staggering- 7.5% of email recipients made a booking in the following 30 days and 78% of customers reported a positive reaction to the campaign. 

Spotify has been another successful company in this realm. Spotify Wrapped has generated a lot of social media buzz from users that are able to share their most frequently listened to artists and genres with family and friends, while sifting through their own personalized stats. In addition, playlists are created based on these metrics, which allow Spotify users to easily listen to their favorite music without much in-app navigation. In one year, between 2020 and 2021, there was a 461% increase in tweet volume related to Spotify and 131% more engagement with Spotify Wrapped tweets. The massive public press has direct impacts on drawing more users into the music streaming service. 

Cadbury’s brand value is a massive $6 billion, and this is largely due to their efforts to create a personalized experience with their chocolate-consuming customers. They developed a Flavor Matcher app that matches users with one of their 12 offered flavors of chocolate. These custom results were produced by leveraging data-driven personal profiling to create specific advertisement videos and hashtags for their customers. 90% of viewers watched their personalized videos until the end, which is a huge feat considering the shorter attention spans of customers when it comes to ads. Cadbury also had a massive 33% conversion rate from viewers completing the next promotion form. These successful stories prove that brand personalization can be one of the best methods for driving higher business revenue. 

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Why Email Marketing Is Still Effective: Simple Strategies for Entrepreneurs https://www.sitepronews.com/2024/02/05/why-email-marketing-is-still-effective-simple-strategies-for-entrepreneurs/ Mon, 05 Feb 2024 05:00:00 +0000 https://www.sitepronews.com/?p=134273 Email marketing is a tool that lets business leaders talk directly to customers. Think of it as sending letters, but faster and smarter. Even with all the new ways to communicate today, email remains very powerful. It’s like having a special key that opens doors right into people’s inboxes. It might surprise you, but 42% […]

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Email marketing is a tool that lets business leaders talk directly to customers. Think of it as sending letters, but faster and smarter. Even with all the new ways to communicate today, email remains very powerful.

It’s like having a special key that opens doors right into people’s inboxes.

It might surprise you, but 42% of small businesses find their way to success through emails. Emails can be personal, like chatting with a friend who wants to buy what you sell without spending too much money on ads.

And though we see lots of tweets and posts daily, emails are still champions at getting messages across in business.

Smart bosses use email because they can make sure the right people see their message at the right time, making more money come back for every dollar spent. To do this well, they grow a list of people who care about what they offer.

Sending exciting and fun emails keeps these folks interested until they’re ready to buy.

Adding cool things like names and interests makes each email feel less robot-like and more friendly – imagine getting an invite just for you! Plus, computers can even help send these special notes while measuring how good a job it’s doing; fancy stuff like using phones or adding short videos may be extra important soon.

We’ll chat about making ace email lists, writing great messages that make readers click “buy,” using tech smarts for easier work days, and checking if our plan worked—all essential tricks for anyone wanting their business inbox filled not just with emails but also with opportunities.

Let’s unlock those strategies together!

Key Takeaways

  • Email marketing lets business owners talk straight to people interested in their products, with 42% of small businesses finding it effective.
  • Building a good email list is key, using tools like finders and keeping the list fresh with eager customers.
  • Strong, punchy words and personal stories grab attention in emails. One or two pictures can help but too many slow things down.
  • Using automation saves time by sending tailored messages when people sign up or buy something. Personalizing these messages makes them more special.
  • To get better at email marketing, look at open rates and what people do after getting the email. Changing your plan based on what you learn helps a lot.

Understanding the Power of Email Marketing

From a broad view to a tight focus, email marketing is a super tool entrepreneurs can’t ignore. It’s like having a magic wand to reach directly into customers’ inboxes with just the right words and offers.

This power lets businesses talk straight to people who are interested in what they have to say or sell.

Think of it as being at a huge party and knowing exactly who wants to chat about your amazing new product—and then getting those conversations rolling without any awkward small talk! Email marketing makes this possible because you can send messages that matter to each person.

You’re not shouting over the crowd; you’re whispering into someone’s ear, making them feel special with targeted and personalized messaging. That’s how connections grow stronger and sales numbers go up.

Using email finders, smart bosses make sure their emails land where they should – making lists packed with folks eager for news on their latest brainwaves or bargains. The secret sauce? A mix of great timing, messages that catch the eyes, and tools like LinkedIn email finders that help keep contact lists fresh and ready for action!

Building a High-Quality Email List

After exploring the power of email marketing, it’s clear that a high-quality email list is your next big step. A good list lets you talk directly to people who care about your business.

  1. Start with a plan: Before you look for emails, decide what kind of customers you want. Think about who will love your product or service.
  2. Use email finders: Tools that find emails can help you grow your list fast. Make sure they are the right fit for your audience.
  3. Give something valuable: Offer a coupon or useful information in exchange for an email address. People like getting gifts and will more likely sign up.
  4. Make it easy to join: Put sign-up links everywhere possible – on your website, social media, and at the end of emails.
  5. Always get permission: Never add someone to your list without their okay. It builds trust and follows the rules.
  6. Keep it fresh: Regularly check your list for old or wrong emails and take them out.
  7. Stay relevant: Send emails that matter to the people on your list so they keep reading.
  8. Talk like a friend: Write as if you’re chatting with someone you know well. This makes people feel special and listened to.

Crafting Compelling Email Content

Crafting compelling email content can make your message stand out in a crowded inbox. Think about what grabs your attention when you open an email; it’s often a catchy subject line or that first sentence that hooks you in.

That’s why it’s great to start with strong words and clear ideas. Use stories, jokes, or questions to connect with people right away.

Keep sentences short and punchy – they’re easier to read and more likely to keep the reader moving down the page. And don’t forget the pictures! A good image can say a lot and make your emails more fun to look at.

But remember, too many pictures might slow down how fast the email opens, so just stick with one or two that help tell your story.

Use language that speaks directly to readers’ needs and wants—like how your service saves time or makes life easier. Always be honest about what you offer and why it matters. This makes people trust you more.

People will think you know a lot.

Keywords like “email finders for email list” are handy tools too! These can help entrepreneurs grow their list of contacts quickly but make sure the quality stays high—it’s all about getting the right people hooked on what you have to say.

Automation and Personalization

Automation in email marketing simplifies the process of sending tailored messages to your audience at scale. By utilizing automation tools, you can schedule emails based on triggers like sign-ups or purchases, saving time and ensuring consistent communication.

This not only streamlines your workflow but also allows for personalized content delivery without manual effort.

Personalization is key to creating meaningful connections with your audience. Tailoring emails to individual preferences or behaviors can significantly increase engagement and conversion rates.

Utilize data-driven insights to personalize subject lines, content, and product recommendations, showing your audience that you understand their needs and interests. Implementing automation alongside personalization empowers entrepreneurs to deliver relevant and timely content efficiently.

By leveraging email automation and personalization strategies, entrepreneurs can create targeted campaigns that resonate with their audience on a deeper level while maximizing efficiency.

This combination of automated workflows and tailored messaging ensures that each interaction feels personalized, ultimately driving higher engagement and conversions.

These strategies enable founders, C-Suite business leaders, consultants, developers, marketers, and product teams to effectively reach their target audience with engaging content tailored to individual preferences.

Measuring Success and Iterating

After setting up automated personalized emails, it’s time to measure the impact and make necessary improvements. Here are the key steps for measuring success and iterating:

  1. Analyze Open and Click Rates: Look at how many people opened the email and interacted with its content. Understand which subject lines and content types resonate best with your audience.
  2. Track Conversion Rates: Measure how many recipients took action after engaging with your email. This could include making a purchase, signing up for an event, or downloading a resource.
  3. Monitor Unsubscribes and Complaints: Keep an eye on unsubscribe rates and feedback from recipients who mark your emails as spam. Use this data to refine your content strategy.
  4. Assess A/B Testing Results: Continuously test different elements of your emails, such as subject lines, CTAs, or visuals, to identify what drives better engagement and conversions.
  5. Utilize Feedback Loops: Gather insights from customer feedback and use them to adjust your email marketing strategies for better alignment with customer needs and preferences.
  6. Data-Driven Decision-Making: Use data analytics tools to gain insights into subscriber behavior, preferences, and engagement patterns that inform future campaign optimizations.

Conclusion

In conclusion, email marketing remains a potent tool for entrepreneurs. The strategies outlined in this article are practical and efficient for businesses of all sizes. Implementing these approaches can lead to significant improvements in reaching and engaging target audiences.

For further reading, consider exploring resources on effective email marketing tactics. Remember, taking action based on these simple strategies can yield substantial results for your business.

FAQs

1. Is email marketing still a good choice for entrepreneurs?

Absolutely! Email marketing remains a powerful tool for entrepreneurs because it’s super cost-effective and fantastic at building relationships with customers through targeted messaging.

2. Why does email matter when there are so many social media platforms?

Well — social media is cool and all — but email marketing lets you send personal notes right into someone’s inbox. It means you can make each message feel like it’s just for them!

3. What makes email marketing stand out as a smart strategy?

Here’s the secret sauce: it’s good at keeping your audience interested over time. With emails tailored to their likes and needs using personalization tricks; folks are more likely to stay engaged.

4. Can simple strategies in email marketing get results?

You bet! Even straightforward tactics can help fire up conversations between businesses and their customers – making sure no one misses out on something they might love or need.

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Best and Worst Celebrity Apologies of 2023 https://www.sitepronews.com/2024/01/08/best-and-worst-celebrity-apologies-of-2023/ Mon, 08 Jan 2024 05:05:00 +0000 https://www.sitepronews.com/?p=133669 The celebrity apology has become a definitive sign of the times. We live in a time when celebrities can mingle with everyday people on social media platforms and share their opinions, be they good or bad, right along with us.  We also live in a time where nothing is private and whatever is said or […]

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The celebrity apology has become a definitive sign of the times. We live in a time when celebrities can mingle with everyday people on social media platforms and share their opinions, be they good or bad, right along with us. 

We also live in a time where nothing is private and whatever is said or done by celebrities is immediately broadcast to the world, and prompt apologies for bad behavior are expected. It’s been said that celebrity apologies are a minefield of odd choices and insincerity, and it seems true that most celebrity apologies are messy. 

If you ask most people, they would probably agree that there is a right way and a wrong way to handle an apology as a celebrity. Here are some approaches that celebrities may want to keep in mind the next time they come down with “foot in mouth” disease, and an overview of some of the winners — and losers — in mea culpas for 2023.

The Best Ways to Apologize 

When one has done something wrong, said something offensive, or been called out for behavior that warrants an apology, they may be concerned about not apologizing correctly, especially for people in the public eye. Celebrities are aware that their every word, timing, and level of sincerity will be heavily scrutinized. 

The most important factor in any apology is authenticity. A known public figure embroiled in a controversy should swiftly address the controversy and admit mistakes without excuses. Apologies should demonstrate vulnerability and take full responsibility for one’s actions. If the response to a mistake is vague and full of excuses, blames others, or comes a long time after the mistake, it may read inauthentic. 

In some cases, apologies should also involve concrete actions, including donations to causes, participation in an educational program, or actively engaging with an affected community in an attempt to rectify the situation face-to-face. Moreover, the best apologies involve inclusive language, acknowledging the affected group, and displaying empathy towards those harmed. 

Lastly, effective apologies by notable individuals should be consistent across media platforms. They can involve interviews, social media posts, and press releases. The type of media involved will likely depend on the level of offence caused. 

One of the better apologies of 2023 that utilized most of these markers was Emily Hampshire’s apology for dressing up like Johnny Depp and Amber Heard with a friend for Halloween. Hampshire, best known for her work on “Schitt’s Creek,” experienced near-immediate backlash once pictures of her dressed as Depp brandishing a wine bottle surfaced. She swiftly addressed the offence, acknowledged that she — and she alone — made a terrible error in judgment, and sincerely apologized for offending sufferers of domestic violence. Her apology did not make any excuses or blame anyone else for her actions. 

Luke Combs is another apology winner in 2023. When his legal team discovered that a fan was selling tumblers featuring Combs’s likeness, they issued a lawsuit against the Florida-based woman for $250,000. The lawsuit came as the woman was battling congestive heart failure in the hospital, causing her to miss the 21-day window for a response. Her Amazon funds were frozen, and she had no access to the money she had made to pay for her medical needs. 

Upon discovering the situation, Combs himself reached out to apologize and gave the woman $11,000, twice the amount she had made on the tumblers. He then began selling similar tumblers on his own site and donating the proceeds to the fan’s family to pay for her medical care. 

The Worst Ways to Apologize 

Excellent apologies from celebrities are hard to come by, mostly because we like to revel in the bizarre nature of bad apologies. When a celebrity sits in the most humble spot in their mansion in a plain white t-shirt and sheds a few tears, social media eats it up. There are terrible ways to approach a public apology, and we have been privy to examples of all of these in 2023. 

Insincerity and lack of remorse are signs of a bad apology. If a celebrity isn’t genuinely sorry for what they did or who they hurt, that will come through loud and clear in their apology, eroding trust and possibly hurting their careers in the long term.

Celebrities can also easily mishandle PR, even with a solid PR team behind them. If one’s team isn’t equipped to handle crisis management, they can run the risk of making an issue worse.

Lastly, failure to address an issue at all can lead to swift backlash from the public and be nearly impossible to recover from in some cases. 

There was a litany of bad apologies in 2023, but one of the most infamous was the Ashton Kutcher and Mila Kunis apology tape that followed the letters they wrote in support of former co-star Danny Masterson, who was put away for 30 years on rape charges. Seated in front of a wood wall, makeup-free, and in plain clothes, the pair said they were sorry for “any pain they may have caused.” Many felt the apology video was insincere and didn’t acknowledge any wrongdoing. When Kutcher said the letters were “for the judge to read,” this led many to opine that the pair were simply sorry the letters were made public, not that they had written them in the first place.

Apologies are a fact of life, even celebrity life, but celebrities are only human and will make mistakes and say hurtful things. By remaining sincere, authentically sorry, and making amends gracefully, celebrities can ride out a storm of bad PR after a slip-up and maintain their celebrity status going forward.

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Green IT: Why the Next Era of Enterprise Technology Is Sustainable https://www.sitepronews.com/2023/08/17/green-it-why-the-next-era-of-enterprise-technology-is-sustainable/ Thu, 17 Aug 2023 04:00:00 +0000 https://www.sitepronews.com/?p=127736 Just a few decades ago, sustainability was not a business priority. Today, most companies understand the importance of sustainability, both from a business and social responsibility perspective.  So, what’s changed? Today, companies are relying on technology to power their workforce’s efficiency and productivity more than ever. Carbon footprints have greatly increased in the process. According to […]

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Just a few decades ago, sustainability was not a business priority. Today, most companies understand the importance of sustainability, both from a business and social responsibility perspective. 

So, what’s changed?

Today, companies are relying on technology to power their workforce’s efficiency and productivity more than ever. Carbon footprints have greatly increased in the process. According to researchers, information and communications technology alone will comprise almost 14% of the world’s total carbon emissions by 2040—up from just 1.5% in 2007. 

Realizing that our devices improve productivity at the cost of the environment is a uniquely challenging double-edged sword. Businesses are eager to reduce that impact while leveraging the benefits of technology. The question is, how? That’s where the concept of green IT comes into play. 

What Is Green IT?

Green IT—otherwise known as green computing—is the practice of designing, manufacturing, or using technology in a way that limits its harmful effects on the climate. This includes everything from choosing environmentally friendly materials to reducing energy consumption and electronic waste. 

Green IT is an enterprise-level commitment to lessen the environmental impact of technology as much as possible. 

And, more businesses are taking on this commitment. According to a Gartner study, CEOs ranked sustainability in their top 10 strategic business priorities for the first time in 2022. Many respondents even place sustainability on the same level as brand trust in terms of its importance as a competitive differentiator. 

Indeed, numerous forces are compelling enterprises to adopt greener business practices. A recent survey found that 98% of consumers believe brands have a responsibility to make the world better, and 40% say they prefer to buy sustainable products over others.

The survey also suggests three areas of opportunity where CIOs can take the lead when going green:

  1. Implementing a holistic insights program to measure and drive sustainability
  2. Leveraging an environmentally friendly tech strategy
  3. Driving transparency and accountability across the value chain

These areas fall neatly within the domain of green IT. By auditing your company’s technology stack and strategizing ways to implement eco-friendly initiatives, you can effectively support sustainability in both your own operations and those of your business partners.

Benefits of Green IT

Organizations with sustainability programs in place report a number of resulting advantages, including:

  • Cost savings: Reducing energy consumption and e-waste can translate into money saved. In fact, Gartner reports that 4 in 5 business leaders say sustainability helps them reduce operational costs.
  • Improved reputation: Consumers are looking for mindfully sourced products from organizations that value the environment. At least 60% are even willing to pay more for products with sustainable packaging. Implementing green IT strategies can underscore your commitment to sustainability and help drive positive business outcomes.
  • Compliance: Regulators are increasingly cracking down on ecologically damaging business practices. For instance, the European Union recently implemented restrictions on single-use plastics, prohibiting their sale across all member states. Adopting green practices can help you remain in compliance with changing regulations and avoid fines and legal repercussions.
  • Reduced carbon footprint: Perhaps the most impactful benefit of green IT is its ripple effect on the environment. By using technology more efficiently and reducing waste, organizations can drastically reduce carbon emissions overall.

Examples of Green IT strategies

Green IT has the potential to benefit both your business and the environment. But what does it look like in practice?

Let’s explore seven examples of green IT strategies you can implement to better support your sustainability goals.

1. Telecommuting and Hybrid Work

With fewer employees working on-site than ever before, travel to and from the office has reduced. 

Implementing a hybrid or remote-first work policy can potentially reduce your employees’ vehicular carbon emissions. Of course, this also raises the question: How do you keep distributed workforces connected and collaborating?

To overcome the distance, many enterprises are leaning on cloud-based solutions, such as video conferencing and cloud calling platforms. These tools allow team members to communicate as if they were together in person without skipping a beat.

2. Cloud Sustainability 

Gartner defines cloud sustainability as the use of cloud computing to achieve environmental, social, and governance (ESG) goals. By utilizing cloud services, companies can eliminate residual impacts associated with on-premises systems, such as cooling and compute power.

Take data centers, for example. It’s estimated that traditional data centers consume over 205 terawatt hours of electricity every year, which is more than the annual energy usage of Taiwan, Ireland, Denmark, or South Africa. Most enterprises replace them every few years, growing their carbon footprints in the process.

Cloud data centers are a more sustainable option. Many are run on renewable energy and serve multiple clients at a time, consolidating compute power and maximizing utilization rates. This reduces idle capacity, resulting in greater energy efficiency across the shared infrastructure.

3. Hot Desking

Offices aren’t as busy as they used to be now that employees are working from home at least part time. Consequently, workspaces—and the resources used to power them—are going to waste.

Hot desking is an office setup where desks are not assigned permanently but booked as needed by employees. This approach to shared workspaces can help reduce the energy required to heat, cool, and light office spaces. 

4. Sustainable Hardware Procurement

According to the World Economic Forum, 80% of a product’s environmental impacts are linked to decisions made during design. For this reason, many business leaders are looking for sustainably sourced hardware with energy-efficiency built in. 

Sustainable procurement involves purchasing devices that are environmentally friendly and buying from vendors with sustainable practices. From low-power servers and notebooks to smart lights and video conferencing equipment built with a circular design approach, manufacturers are offering more eco-friendly products.

5. Centralized IT Management

One of the best ways to further your ESG goal is to truly understand your technology stack top to bottom. The only problem? Many enterprises don’t have visibility into energy consumption, emissions, and other key performance metrics.

Business leaders should prioritize vendors that offer these insights inside a single pane of glass. With full visibility across the entire organization, you can monitor estimated energy consumption, track emissions over time, and report progress to customers and stakeholders alike.

Better yet, with data at your fingertips, you can jump into action and identify areas of improvement.

A Greener, Cleaner Future

Sustainability is more than a buzzword. It’s a mission. As sustainable practices rise up the corporate agenda, it’s clear that the next era of enterprise technology will be greener. 

By implementing environmentally friendly technologies and sustainable practices, businesses can not only reduce their own carbon footprint, but also be on the forefront of positive change. 

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Data-driven Approach to Reducing Customer Churn in B2B Subscription-based SAAS Companies https://www.sitepronews.com/2023/03/13/data-driven-approach-to-reducing-customer-churn-in-b2b-subscription-based-saas-companies/ Mon, 13 Mar 2023 04:05:00 +0000 https://www.sitepronews.com/?p=124460 With Q1of 2023 slowly reaching its midpoint, Customer Success (CS) teams should have already implemented their focus and goals for this quarter. At the beginning of every new quarter (and especially year) CS organizations look back to the achievements of the past period and strategize for the foreseeable future.  Minimizing churn risks or increasing customer […]

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With Q1of 2023 slowly reaching its midpoint, Customer Success (CS) teams should have already implemented their focus and goals for this quarter. At the beginning of every new quarter (and especially year) CS organizations look back to the achievements of the past period and strategize for the foreseeable future. 

Minimizing churn risks or increasing customer retention is one of the biggest goals and at the same time challenges for CS organizations, especially in B2B subscription-based SaaS companies.

When planning for every future period, a CS organization should reach out to their clients and determine what their mutual goals are, allowing both parties to put their best efforts into working together to achieve mutually rewarding results. This client-centered approach will facilitate better business outcomes for both parties, and basically is the only working approach to building great customer relationships and reducing churn. 

What is Customer Churn and Why Does it Matter? 

To put it in a simple way — churn occurs when a customer cancels a subscription or terminates a contract, meaning that they stop using your company’s product or service. Churn can be measured by the percentage of customers that have stopped using your product or by lost revenues, both over a specific period (normally quarter/ year). 

So, why does churn matter? Low churn rate indicates high customer retention, which not only positively impacts businesses’ bottom line and reduces costs to attract new clientele, but also demonstrates great product/customer service and strong brand positioning. Today’s business is not about one-time purchases, it’s about repeat purchases, long-lasting customer relationships and loyalty.  

What are the Main Reasons for Churn? 

Setting aside all product/service quality related factors (e.g., poor performance, bad service, repeated issues that are not addressed etc.) that inevitably lead to customer churn, one of the biggest factors is low or zero product engagement. 

Due to the high volume of work and issues an average CS manager deals with on a daily basis, it’s very easy not to recognize red flags when your product is actually not being utilized, and therefore no value is delivered to the customer. There are, of course, multiple tools and management platforms for CS teams that are supposed to help track those scenarios and send alerts, but they cannot necessarily be relied on 100% of the time. 

In addition, you might be blindsided by situations where the customer is quiet and you assume everything is fine, but then all of a sudden there comes a termination notice. 

Needless to say, not all organizations have the right tools in place. More often than not, CS managers rely on multiple spreadsheets, analytic tools, platforms etc. so there’s in fact no centralized source of information to make a good judgment call about customer satisfaction. 

How Do You Encourage Customers to Utilize Your Product to Prevent Churn? 

Obviously, it is much easier to take preventive measures so emergencies don’t happen rather than having to deal with consequences when it’s already too late. This is especially true when talking about customer relationships, and customer churn respectively. 

That said, in order to not have to deal with churn when it’s already escalated, do the right thing from the start.  Below are three working tips: 

  1. Pass the activation/implementation stage. Seize the day to start delivering value as quickly as possible after the contract has been signed. You have many more chances to quickly and smoothly pass the activation/implementation stage once the client is still focused on your product and is ready to do their bit in the process. 
  1. Find your champion or champions and use their help to promote your product usage across their organization. Your best customer is the one who’s actively collaborating with you, sending tons of feedback, requests, and so on. That way you know your product is being utilized; all you have to do is deliver a great product and customer service.
  1. Know your customer, their business specifics and operations. In other words, establish great communication and serve as an extension of your client’s team. Make sure your product is set to help your client achieve their business goals and stay up-do-date, because businesses tend to change. What was important last week may no longer be relevant as businesses have to adapt to various circumstances and you want to stay-in-the-know.   

What’s the Best Way to Know Your Customer is About to Churn?

In most cases customer churn can be predicted, and therefore prevented. All you need to do is pay attention to the signs. Easier said than done! You obviously need to come up with a system to recognize those signs and act accordingly. The right way to do this is to implement a customer health score that’ll help you recognize triggering situations, and also celebrate success when the customer is really happy and there are no red flags. 

Even without the health score system, you will eventually know if your customer is satisfied or not. The big difference is that if you don’t have a health score (or if there’s no one actually working with this data) you’ll end up knowing the customer is about to churn when it’s too late. And that’s not the worst part. The worst part is that throughout the entire time this customer has not been receiving value from the product they paid for, so it’s wasted time and money – and this is most definitely not the right way to build a customer-centric organization that cares about delivering value. 


Should you have a working health score system in place, you’ll have a chance to be proactive and make improvements on the fly. That will produce great customer retention and satisfaction. 

What Makes an Effective Health Score System? 

  • Simple and easily trackable. Do not overcomplicate your health scoring system, especially if you’re only at the very beginning of the process of implementing and assessing your customer’s score.  
  • Flexible when needed/however needed. As your product matures and business grows, it’s only natural to revisit your health score and make adjustments. Rather than sticking to some scoring system just for the sake of saying that you have a health score, be flexible and make changes. You may realize that your health score was tracking some metrics that are in fact not too critical or are no longer needed for a particular niche of customers, simply because they stopped utilizing some product features. 
  • Have a playbook of action items in place for every triggering score you’re seeing. In other words, every CS team member in your organization should have a clear understanding of what to do in case they’re seeing a low usage rate, infrequent logins, etc.

It’s all about data, added value and ROI. 

We live in a data driven world, where business makes decisions based on tangible metrics, not just a gut feeling. When selling your product, you most likely presented an ROI model to your client, and they were impressed with it. Otherwise, they wouldn’t have signed the contract. Now that the sales team have done their job, a CS manager steps in and actually proves the value and justifies an ROI. 

It’s really easy to show great ROI when everything is really smooth and goes as planned. These would be perfectly “healthy” clients and you can build great case studies together and celebrate success. 

In other instances where things are not that bright and shiny, you need to work on proving the value of your product, encourage close collaboration with your client, drive engagement, and improve product adoption. 

How to Prove That Your Product is Adding Value?

Run experiments to prove your product value! Based on your business specifics, you may want to find a way to run an experiment to show that your product helps with set business goals and therefore delivers value. 

Implement a product in a specific setting/group of users and compare users’ (target group) to non-users’ (control group) behavior and KPIs before and after the product was implemented. Expected takeaway: target group has better KPIs (different businesswise), not necessarily all KPIs – make sure your results are honest, and when you’re not seeing better results, mark them as an area for improvement and suggest a game plan to improve in the future. Since the target group improved their performance because they were utilizing your product, this demonstrates the proven value of your product. 

Also, keep in mind that the best way to measure your product value is to solicit direct feedback from end users. Not only will you get a great deal of invaluable insights about your product, but you will also have validated data on how well your product is doing. So run surveys and manage feedback. 

Now that you have the results of the experiment, and ideally survey results, package them well and deliver the value of your product in a QBR (quarter business review) setting. As an outcome, you have a good chance to increase product adoption, renew contracts, upsell, and obviously, reduce churn risks proactively. 

Churn Happens. Learn from These Situations and Do Better Next Time

Churn will inevitably happen, and you will lose clients, large and small, at some point. One thing you should do is to establish a reasonable churn rate. This is so that in case the situation gets out of control and you lose a great many customers/contracts, you question if the business is generally doing all right. Probably not, and you need to understand what’s critically wrong and fix it. 

Another thing you should do is really learn from these unwanted situations and do a better job next time. Make sure you find time to look back at the situation and analyze what caused churn. Was there anything that could have been done differently? What needs to be done/improved in the future so this won’t happen again? 

Also, leave the door open and keep great relationships with your customers even if they choose to go with a competitor. It is likely that if you really improve and fix the issues which led to churn, your customer will come back some time in the future. If you learn from your mistakes, every churn can stimulate improvements and drive great changes, which is actually a good thing.

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Everything You Need to Know About Infrastructure as Code (IaC) https://www.sitepronews.com/2022/08/01/everything-you-need-to-know-about-infrastructure-as-code-iac/ Mon, 01 Aug 2022 04:05:00 +0000 https://www.sitepronews.com/?p=122139 Irrespective of the industries, managing IT infrastructure can be an arduous task for most. Over the last decade, automatic infrastructure provisioning has become a core need for many tech companies, and the way they manage the infrastructure has been revolutionized. Infrastructure is one of the core sectors of a software development process that can range […]

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Irrespective of the industries, managing IT infrastructure can be an arduous task for most. Over the last decade, automatic infrastructure provisioning has become a core need for many tech companies, and the way they manage the infrastructure has been revolutionized.

Infrastructure is one of the core sectors of a software development process that can range from servers and databases to container clusters. As a result, infrastructure services witnessed tremendous growth in the IT field. Businesses are now much more secure, service-oriented, and agile in delivering unified experiences to end customers.

With the increase of large-scale public cloud platforms and utilization of their provisioned infrastructure, you might have come across the concept of infrastructure as code. However, the practice of infrastructure as code didn’t wholly coalesce till the end of the 2000s. Nowadays, many IT leaders start by implementing infrastructure as Code, otherwise known as IaC.

Top cloud vendors like AWS, Azure, and Google have set up IaC systems that allow them to offer substantial services to millions of their clients to pursue their goals in this abstracted environment. According to the Gartner, survey report stated that 60 percent of companies will adopt infrastructure automation tools as part of their DevOps toolchains in 2023.

Infrastructure as code is the most popular DevOps technique that boosts scalability, accelerates software development, and optimizes costs. IaC is one of the driving reasons for the accelerated digital transformation witnessing massive growth across industries. This blog post will explain what IaC is, how do IaC works, and its benefits.

What is Infrastructure as Code (IaC)?

Infrastructure as code refers to the provisioning and managing of underlying IT infrastructure (such as load balancers, virtual machines, networks, and connection topology) defined through code processes rather than manual and hardware processes. IaC uses a high-level descriptive coding language that automatically provisions the IT infrastructure. By operating software development practices, infrastructure setup can be reliable, transparent, and repeatable. In the current era, Terraform and Ansible are the most popular IaC tools.

IaC allows software developers to execute and write instructions for network, storage, and compute elements that require testing, development or deploy a software application rather than manually configuring physical servers. This also leads to increased consistency, more efficient development, and agility to the market.

How Does IaC Work?

There are primarily two approaches for writing the code for IaC tools.

1) Declarative approach

The declarative approach, also known as the functional approach, allows the users to provide directions to the automation platform. It defines the desired state of the final solution where users only require a specific tool or platform to handle the steps to achieve the defined requirement.

In this approach, the user must know the current state, whether the infrastructure already exists or not. This approach is preferred in infrastructure management use cases as it provides flexibility when managing the infrastructure.

Declarative is a preferred approach in recent times and is arguably the most dominant format for IaC automation. The declarative tool is popular because it requires a simple process to understand the user’s part.

2) Imperative approach

The imperative approach, also known as the procedural method, defines the steps to implement to achieve the desired configuration. It allows users to specify the commands required for a change, and those commands need to execute in the same order to reach the desired solution.

In the imperative approach, users are in the dark as to whether the infrastructure exists or not. The imperative model cannot be easily re-run, and it doesn’t include the capability of deleting or updating the system. With this method, users must have enough knowledge to guide the automation platform on what to perform.

IaC tools can operate in both declarative and imperative models, but they mostly prefer to run in a declarative approach. Chef is an imperative tool while Puppet, Pulumi, Terraform, ART, and CloudFormation are declarative tools.

Benefits of IaC

Adopting an IaC solution can guide your company in managing IT infrastructure needs, including improving consistency, manual configuration, and reducing errors. Some of the expected benefits that IAC include

a) Speed

Automated management and provisioning are faster than manual processes. Operating the scripts and teams in IaC can quickly build infrastructure for every environment phase including development, production, testing, and stagging. As a result, application deployments can release even more quickly and safely without waiting for new software.

b) Efficiency

IaC allows developers to increase productivity and efficiency on multiple fronts, especially by integrating with DevOps and software development. Cloud architectures can quickly deploy to make the software development life cycle much more efficient. It also tracks all environment build-up commands in a repository. If users have any issues, they can quickly roll back to their previous instance or redeploy an environment.

c) Reduced risk

Automation reduces the risk of human error, such as manual misconfiguration. Therefore, it may decrease downtime and increase reliability. However, a few IT experts are highly specialized in managing and operating complex infrastructure. Therefore, it is hard to manage or understand how it is set up if they leave the organization.

Adopting Infrastructure as code defines the process of infrastructure management, deployment, detailed reports, and documentation and allows new IT professionals to work without setbacks.

d) Reduced management

Admins need to govern and manage storage, network, compute, and other hardware layers in a data center. While implementing IaC technology admins can eliminate these multiple tasks and solely focus on mission-critical tasks.

e) Cost savings

Automating the infrastructure management process allows IT techs to execute higher value tasks quickly and perform a manual task in less time, which can increase productivity and frees up expensive resources to work on other activities. Most IaC platforms provide a consumption-based pricing model. Therefore, users need to pay for resources that they use actively only.

Conclusion

Infrastructure as code has become a vital practice virtually for every organization to deploy, develop and scale cloud applications with reduced cost, high speed, and low risk. IaC makes it possible for teams to set up complex IT environments that efficiently manage large-scale IT estates. Moreover, IaC helps reduce the misconfigurations of IT environments through automation.

No matter which model of IT infrastructure you manage- whether your resources run in the cloud or a hybrid model, or on-premises. IaC can guide you to improve and scale your approach to IT environment management, and it delivers more productivity in a short period. Adopting IaC is crucial to modernizing your approach to running and building the software.

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Which is a Better Caricature Maker: Caricaturer vs. PhotoCartoon vs. Toonme https://www.sitepronews.com/2022/01/28/which-is-a-better-caricature-maker-caricaturer-vs-photocartoon-vs-toonme/ Fri, 28 Jan 2022 05:05:00 +0000 https://www.sitepronews.com/?p=120178 A caricature is a kind of drawing where a person is drawn with exaggerated or overemphasized features while also oversimplifying other features. These drawings are usually found in editorials or magazines and are most likely based on well-known figures or celebrities. What is an Example of a Caricature: Based on the previous samples, caricatures include […]

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A caricature is a kind of drawing where a person is drawn with exaggerated or overemphasized features while also oversimplifying other features. These drawings are usually found in editorials or magazines and are most likely based on well-known figures or celebrities.

What is an Example of a Caricature:

Based on the previous samples, caricatures include some overemphasized body parts of a person and use bold lines and colors. These body parts could be significant features that make a person well-known, such as their eyes, nose, lips, and the like.

How Does Caricature Work?

As previously mentioned, caricature works by emphasizing a person’s distinguishable features. Besides, what’s the point of making a caricature of a person if the drawing isn’t recognizable, to begin with?

This is why it’s a must to get the elements of the face right and emphasize significant features to get that caricature effect. To make your caricature successful, you can also capture the personality of the person you’re trying to draw through various props and different styles.

Furthermore, caricatures don’t have to be based on famous personalities. In fact, you can create a caricature of yourself or another person.

How to Draw a Caricature By Hand?

To draw a caricature by hand, you can go traditional using any pencil and paper to make your sketch. You can also draw a caricature through digital art by creating digital caricature through software such as Photoshop.

Disadvantages of Drawing Caricature by Hand

Of course, if you’re not a skilled artist, to begin with, drawing a caricature from scratch will be a difficult task. It will take some practice to polish your drawing skills and get the output you desire, so constant practice is essential if you want to create a caricature that looks like you or the person you’re trying to create a caricature of.

How do AI Caricature Makers work?

AI caricature makers work by using tools and techniques where machines produce caricatures based on how artists typically draw. For instance, a particular system would use hundreds or thousands of caricatures made by professionals to generate a caricature based on a single photo.

So, if you want to enjoy caricatures but can’t make one on your own, it’s highly recommended that you use free caricature maker apps that are available online.

3 Free Caricature Maker APPs for Caricature Lovers:

Of course, suppose you’re not a naturally-skilled artist and still want to enjoy portraits of yourself, family, or friends in various caricature styles. In that case, you can commission an artist that draws caricatures for reasonable prices.

But if you don’t have the money to commission an artist, you can also use free caricature apps available online. Below are some free caricature apps for every caricature lover out there, including steps on how to use them.

1. Caricaturer.io

Overview of Caricaturer.io

Caricaturer.io is a free caricature app that you can use online. You can get more than 60 caricature images generated by the app’s AI technologies by simply uploading an image.

If you’re interested in using this caricature maker, here are the simple steps you can use to turn your photos into caricatures.

How to convert a photo to caricature

Step 1: Start by visiting Caricaturer.io‘s website.

Step 2: Once the website is loaded, upload or drop any photo of your choice on the “Upload an Image” button.

Step 3: Now that you’ve loaded your chosen photo, you can click on the upload button to process various caricatures of your image. All you have to do is wait.

Step 4: Depending on your internet speed and other factors, waiting times for your processed caricatures can vary. So with that in mind, you can create an account in order to receive notifications about your photo, even if you’re not on the website.

Step 5: Finally, when your caricatures are done processing, you can download them with the styles you prefer.

Step 6: If you want to download all the available caricatures produced by this site, you can sign up (if you haven’t done so) for a ZIP download and take the necessary steps to create and verify your account. Once you’ve done that, you can download the ZIP file which will contain all 60+ caricatures of your photo.

Before and After effects:

Caricaturer.io provides you with a ton of cartoon effects, color styles, and backgrounds to choose from. Here’s a sample set of caricatures from the website. Just look at all the fantastic caricatures you can choose from!

Image provided by Author

2. Photocartoon.net

Overview of Photocartoon

Photocartoon.net is another free caricature maker that lets you turn your images into a cartoon or painting.

How to convert a photo to caricature

Step 1: To begin, go to Photocartoon’s website at Photocartoon.net and upload your chosen photo from your computer or a URL.

Step 2: After uploading your chosen photo, click on the “Cartoonize Online” button to begin your image’s “cartoonizing” process.

Step 3: Photocartoon will now provide you with several cartoon styles to choose from. To choose from different styles, go to the left side of the app to find the box containing the various cartoon styles that you can select for your desired output. You can scroll up or down to browse through several cartoon styles.

Step 4: Additionally, you can also include text in your photo and customize it with various fonts, colors, and sizes by locating the text box at the top-right.

Step 5: If you want to adjust the photo’s brightness, contrast, saturation, and hue, you can go to the bottom-right portion of the site to find the Equalizer section. By default, the settings of each aspect are set to zero.

Step 6: Once you’re satisfied with the result, scroll down to find the download button to save your caricature.

Before and After effects:

Here are some sample photos created by Photocartoon’s app using different styles and adjusted brightness, saturation, contrast, and hue. Look at how the head is oversized from the drawing while still looking like the person in the given photo.

Image provided by Author

3. Toonme

Overview of Toonme

Toonme is another free caricature maker where you can convert your photo to a caricature online. And just like other previous apps we’ve discussed and used, it also makes use of AI technologies to turn all your photos into caricatures!

Here’s a helpful guide down below on how you can use Toonme to create amazing caricatures of your images.

How to convert a photo to caricature

Step 1: Go to Toonme’s website at toonme.com.

Step 2: Once the site is loaded, simply click on the upload button (the blue circle button with the “+” sign) to upload your photo for cartooning.

Step 3: You will now be directed to Toonme’s photo lab. From here, you can select a variety of cartoon styles based on your preferences.

Step 4: When you’re done choosing your preferred styles, click on the download button to save your created caricature.

Before and After effects:

Voila! Here are the generated caricatures from the Toonme website. Toonme also includes full-body caricature styles for you to try out, where the head is oversized, giving it that caricature effect characterized by such drawings.

Image provided by Author

Which is The Best Caricature Maker: Caricaturer.io vs. Photocartoon vs. Toonme

Caricaturer.io is Preferred

Caricaturer.io wins due to its wide caricature styles produced for you in just a matter of minutes. Besides, all you have to do is upload your chosen photo and let the AI do its work. After some time, you will have over 60 caricatures to choose from and download the styles to your liking. And if you like them all, you can easily download all in one ZIP file.

One downside of using this caricature maker, however, is its speed. The site says that it only takes half a minute or more to finish the caricature-making process, but from my experience, it takes quite a while. This is most likely due to internet speed which can greatly affect the time needed to create all 60+ caricatures.

In addition, another turn-off about Caricaturer.io is its inability to cancel the current ongoing process. For instance, if you wanted to cancel the process and use another photo for caricatures, closing the website doesn’t work. As previously mentioned, the process continues even after closing the site, so there is no way to cancel once you’ve started it.

Image provided by Author

Photocartoon is Preferred

Photocartoon is preferred if you want to further customize your caricature by adding text and adjusting its brightness, contrast, and the like. Photocartoon also comes with several options for cartoon styles and other effects, so using it is easy and fun.

The downside to Photocartoon is its big watermark right on top of the photo which can look very disruptive. To download your caricature without a watermark, you have to purchase the full version of Photocartoon Pro.

Buying Photocartoon Pro will give you watermark-free images, allow you to download HD images, and let you produce unlimited caricatures. Photocartoon Pro, however, can only be used with the Windows operating system, so non-Windows users cannot enjoy the pro version’s software perks.

Toonme is Preferred

Toonme is the caricature maker for you if you want several styles to choose from and to download a photo with a less disruptive watermark. Toonme is also easy to use and doesn’t require prior editing knowledge to generate a caricature of a photo or two.

Besides its website, Toonme also comes in a free mobile app, so you can use it on your mobile devices. So whether you’re an iOS user or on Android, this app is easily accessible by anyone who owns a device and has Wi-Fi.

Toonme’s stumbling block compared to apps such as Photocartoon is its limited customization options on the website, unlike its downloadable application. Still, the app is free, so you can freely download and use the app and its features as much as you want.

Wrapping Up

Overall, drawing a caricature on your own requires a bit of skill and mastery before you can successfully create one for display, but thanks to free caricature maker apps such as the three above, you can access amazing caricatures free of charge.

It’s amazing how far AI technology has come in our generation. Thanks to its capabilities, you can produce cartoonized versions of yourself. So, if you want to create a caricature of yourself or someone else, you can use the above caricature makers and produce your desired caricature in a few easy steps.

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Banking CRM: Top Features for Effective Customer Management https://www.sitepronews.com/2021/10/29/banking-crm-top-features-for-effective-customer-management/ Fri, 29 Oct 2021 04:05:00 +0000 https://www.sitepronews.com/?p=119228 Modern banking is not just about creating easy lending terms or building a convenient checking account for customers. It is about providing consistent, reliable, and quality information to customers so that they can build their knowledge of financial products and make an informed decision. And yes of course! All of these should be done at […]

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Modern banking is not just about creating easy lending terms or building a convenient checking account for customers. It is about providing consistent, reliable, and quality information to customers so that they can build their knowledge of financial products and make an informed decision. And yes of course! All of these should be done at a much faster speed, following a customized approach, and ensuring personalization. Offering proactive insight in a seamless and effortless environment requires financial service companies to optimize their tools for customer relationship management (CRM). 

What is CRM in Banking?

Financial service providers cannot risk falling behind in the competitive landscape, considering that even a slightest margin can make a huge difference, whether it is for time, action, or money.  Only proactive insight can help companies meet the expectations of modern consumers and at the same time, build a profitable business. But how can they achieve this goal if they cannot visualize the end-to-end customer journey?

Banking CRM provides full visibility into customer account management, allowing financial services companies to track and monitor the sales and marketing funnel to understand how customers respond to business interactions. An analysis can help financial services companies know their customers better and make evidence-based decisions on the basis of real-time data. 

A powerful banking CRM can help sales leaders address a wide range of customer management challenges in finance, varying from building the ideal customer profile to analyzing a team’s performance and providing support in driving productivity and training and development measures. Here are the top 5 benefits of banking CRM:

  • Customer journey visualization: Allow users to visualize the entire lead to conversion journey. 
  • Track and monitor customer communication: As customer communication at all touchpoints is recorded properly, users can track and monitor those as and when needed for reference purposes. 
  • Marketing and sales integrations: Most CRM enables marketing and sales integrations to help users know which campaign generates what type of lead thus removing guesswork from the marketing. 
  • Outstanding customer service delivery:  CRM records all the data about customers, such as their birthdays or dates such as when they become the client of the company. Using this data, companies can create personalized campaigns to create more effective engagement.  

However, buying banking CRM software requires thoughtful consideration, because, while each solution provider claims to have power-packed solutions to transform customer relationship management, not every solution is a fit for your business. A key aspect here is that every business is unique and has a unique set of requirements. 

Leadership teams must evaluate the CRM application for financial services on a range of criteria to come up with the best suited application for their business, although some key features are mandatory for any customer relationship management tool.     

Top Banking CRM Features for Effective Customer Management  

With rising customer expectations and new technologies in sales and service management, banking CRM is no longer an option. While financial services leaders are driven to use the most advanced technologies to boost their business, buying the best CRM for the business requires a lot more than technology. 

Deep diving into business requirements and aligning them with software solutions is critical for a successful CRM purchase. Here are some of the top features you must have in your CRM. 

1. Consolidated data in one place

Having contact details in one place allows teams across departments to view, manage, and utilize the data effectively for their respective purposes. Not only does it provide full visibility into historical data of the contact from the entry into the sales funnel to conversion and payment, it allows the team to track leads engaged at every stage of the funnel, which is helpful in analyzing roadblocks and supportive pillars in conversion. 

2. Channel integrations

Invest in a software application that allows you to integrate multiple sources of your lead generation process. You should see which channel is generating the most leads, which channel generates the most revenue, and which channel needs significant effort to generate leads. For instance, it is possible that while your SEO is generating most leads, the most revenue generating channel is social media marketing. You could ramp up your efforts to optimize your SEO for better leads while focusing on social channels to generate more revenue.  

3. Data analytics and reporting 

No banking CRM software is complete without data analytics capabilities. Data powered tools backed by AI and machine learning technologies allow users to navigate every customer touchpoint and get proactive insight into customer activity. 

Data analytics and reporting capabilities empower your team to review every aspect of business performance, from sales revenue to time and money spent on lead generation. You can track which territory is the best for your business. Based on the insight you can allocate more resources to that specific territory. Also, you can set and define performance metrics for your sales team, and evaluate the performance of individual members on those KPIs.    

The Bottom-Line 

Banking CRM tools make customer management easy and fruitful. You can personalize your customer journey and build strong relationships with them based on insight generated from the CRM tool.

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Businesses That Made It Big With an Mvp and How You Can Get Started https://www.sitepronews.com/2021/10/22/businesses-that-made-it-big-with-an-mvp-and-how-you-can-get-started/ Fri, 22 Oct 2021 04:05:00 +0000 https://www.sitepronews.com/?p=119138 Minimum viable product refers to a product with the bare minimum features required to test the market potential in a given region. Basically, an MVP is cheaper to build than the final product and a useful concept to test the profitability of an innovative idea before investing millions in production. Thus, it creates a safe […]

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Minimum viable product refers to a product with the bare minimum features required to test the market potential in a given region. Basically, an MVP is cheaper to build than the final product and a useful concept to test the profitability of an innovative idea before investing millions in production. Thus, it creates a safe space for entrepreneurs where they can freely experiment with their creative freedom and try out business ideas.


Some benefits of using MVP to test market viability are feedback generation from early adapters, faster development and increased chances of securing generous investment. Before establishing a successful business, several big names in the world also started their journey with MVP development.

Some of the Companies that Started with an MVP Are:

Amazon

One of the world’s leading eCommerce companies and also a household name, Amazon started its business operations back in the year 1994. Its owner Jeff Bezos launched the company to sell books, and it only had 5 products to sell. Later Bezos looked for some other categories and collected consumer feedback. Gradually, Amazon started selling various types of products including furniture, food, toys, electronics, etc. and gained worldwide success. 

Twitter

Twitter started in 2006 as an idea of a platform that allowed people to send messages to a group. It was capitalized by its four board members, who launched it first for intra-business communication and then made it public in July 2006. A year later, Twitter was recording 60,000 tweets a day and had already become a successful social media platform. Currently, Twitter is available in over 200 countries and records 500 million daily tweets on an average. 

Groupon

Similar to Twitter, Groupon was executed on an intra-business structure. Before jumping on to the final product, Groupon’s founder Andrew Mason released another software named ‘The Point’ that sent coupons to around a 1000 employees. Mason received feedback on the software for 10 months. After catching up with the exact user demands, Mason launched Groupon in 2010 and made it one of the world’s leading daily deals platforms. Not to mention, it only took Andew Mason a month to turn ‘The Point’, his MVP, into the final product ‘Groupon’. 

AirBnb

Brian Chesky and Joe Gebbia were two friends who were having some budget problems to pay the rent of their apartment. However, they had some free space and some mattresses to offer. They tested out their idea at a tech conference and offered people resting space at $80 per night. At this point, their MVP had no website or a full-fledged team of customer support. Later on, they tested on sellers if they’d be willing to let strangers stay in their houses in exchange for some payment.

Facebook

Before being a global hype in the 2000s, Facebook was launched as ‘TheFacebook’. Meant to connect college students with each other, Facebook simplified the approach to socialize and disrupted the way popular social media sites of that time worked. With time, it became a social media giant that also connected family, friends, businesspeople and even strangers with each other.

How to Modify your MVP?

MVP takes the form of iterative development. However, there are also three simple concepts that you can remember. These are MUP (Minimum Usable Product), MMP (Minimum Marketable Product) and MLP (Minimum Lovable Product).

MUP:This product has all minimum features to make the product usable for the targeted consumers. 

MMP:This product has all the features and defined USPs to make the product fit for marketing

MLP:This product focuses on those minimum requirements that are necessary to make the product lovable. 

How to Find a Reliable Agency for MVP Development?

Entrepreneurs cannot develop an MVP on their own. They are required to hire a mvp software development company. Excluding the time and budget constraints, there are some suggested measures that you can take to find a reliable MVP development firm:

1. View the Case Studies: Case studies stay true to the capabilities of a firm. They are a direct indicator of the skill set of a company.

2. Critic Reviews:Truspilot, Clutch, G2 and UpCity are reliable critic websites who constantly review software development companies to save the trouble for entrepreneurs like you. 

3. Talk to Sales:Discuss your idea with the company before selection. They can guide you about all the complications while allowing you to evaluate their expertise in real time.  

4. Consider Multiple Options:Consult multiple companies before selecting your MVP development firm.

5. Ask for Demo:Some companies provide demos of their products and services. In the end, it is the demos that leave a major impact on a business prospect and help you make an informed decision. 

6. Technical Support: Technical support can be as costly as the development itself. You want to hire the company with the most favorable technical support policies. 

Conclusion

Although the main purpose of an MVP is to validate a market idea, it may fail to do so. However, you can still capitalize by collecting consumer feedback and continuously improving your product like the aforementioned companies did. In the end, they were able to gain success due to validated ideas, iterative improvement and consistency in their approach.

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The 10 Best CMOS Batteries that You Must Know About https://www.sitepronews.com/2021/10/18/the-10-best-cmos-batteries-that-you-must-know-about/ Mon, 18 Oct 2021 04:05:00 +0000 https://www.sitepronews.com/?p=119070 If you’ve had a laptop for quite a while, it’s conceivable that the CMOS battery has died and your machine is malfunctioning. Unfortunately, the CMOS battery is a component that is only found in laptops. So it’s possible that when it fails, your computer will have trouble booting up. But, wait, my laptop has many […]

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If you’ve had a laptop for quite a while, it’s conceivable that the CMOS battery has died and your machine is malfunctioning. Unfortunately, the CMOS battery is a component that is only found in laptops. So it’s possible that when it fails, your computer will have trouble booting up.

But, wait, my laptop has many batteries? In a nutshell, YES. But, the primary laptop battery powers all parts from the CPU to the hard drive and is one of your laptop’s most significant and heaviest elements. On the other hand, a CMOS battery supplies power to just the BIOS and is generally coin-sized and located on the motherboard. So, you may have guessed by now how important it is.

What Is A CMOS Battery? Overview and Definition

A computer, be it a desktop or a laptop, has a Motherboard on which the BIOS configurations are installed in a little amount of storage called CMOS. BIOS settings include hardware settings, system time, and date. When the device is turned off, the BIOS protects the data. In addition, the system clock restarts if the CMOS loses power.

A northbridge motherboard connects the CPU to the faster components of a PC, while a southbridge motherboard connects the CPU to the slower parts. But, the CMOS battery feeds the BIOS firmware in your laptop, which is responsible for starting it up and setting data flow. So, if your computer has trouble booting up, or your drivers disappear, or the date and time on your laptop are inaccurate, it means your CMOS battery is expired.

How to Know if your CMOS Battery is not Working?

Even though CMOS is a tiny battery, it performs admirably as a backup battery. It is necessary to protect data from being disrupted. There are many instances when your PC will indicate to you that your CMOS battery has failed. The instances are;

Boot Up Problems

BIOS is primarily accountable for powering up your computer. Therefore, your laptop may have 

a tough time starting up without the battery, or it may not start up at all. You could also hear a persistent beep sound coming from the motherboard, another sign of a dead battery.

Incorrect Time and Date

BIOS has a real-time clock that records the time and date even though your machine is turned down. The method is maintained by CMOS. So if the date and time have suddenly changed, it’s a solid indication that the CMOS battery has failed.

Keyboard Becomes Less Responsive

It’s conceivable that your keys aren’t working; for example, you can’t move your mouse or click on any icons, or the laptop isn’t reading your keyboard inputs. Alternatively, your peripherals might be thrown out of sync, your cursor is imprecise, and your key inputs cause weird operating system reactions.

Disappearing drivers

It may happen if your CMOS battery has died that the drivers you installed are disappearing on their own. For example, we sometimes install drivers for our home printers, and if you see them disappearing all of a sudden, it may be because of a CMOS failure. 

No Internet Connectivity

You might be unable to connect to the internet if your CMOS battery dies. BIOS is in charge of keeping hardware and network drivers up to date. As soon as you replace the battery, you’ll have access to all of your photos, movies, and documents.

What are the Best CMOS Batteries?

A new CMOS battery may be purchased online at a meager price, generally between $1 and $10. In addition, many local businesses, including Target, Fry’s Electronics, Best Buy, and office supply stores, sell these along with ESD pads. Let’s take a look at a few CMOS battery options. 

1. Duracell Specialty 2032 Lithium Coin 

Key Fobs, tiny remotes, scales, wearables, sensors, and medical equipment- everything is compatible with this CMOS battery. The package is tamper-proof, with a double blister to prevent unintentional opening. It comes in various size options such as 1220, 1620, 1632, 2016, etc. It costs $6.42. 

2. GP Battery Lithium Button Cell

This CMOS battery is a crucial source of power for a variety of gadgets. They’re tiny in size but quite firm in performance, and there’s no mercury added to them. This battery comes in a set of 5 batteries with a unit count of 5 and a voltage of 3 volts. It costs $4.67. 

3. Panasonic CR2032 Lithium

These tiny batteries are of supreme quality because they are manufactured by Panasonic itself. It comes in a set of 6, and it is compatible with toys. With the lithium 3-volt battery and 4 unit counts, this is a pretty safe option for any device. It costs $5.27. 

4. New For DELL 8.5cm CR2032

This CMOS battery is compatible with laptops like Toshiba, Lenovo, HP, Asus, Sony, Dell, Acer, etc. Some customers have complained about the wrong arrangement of the black and red wire of this battery. But, other than that, it is a pretty good deal for only $3.64. 

5. Energizer 2032 Lithium 

There are two energizer 2032 lithium coin batteries available in this set. With 10 years of shelf life, this CMOS battery is a good deal for just $4.06. The battery cell is composed of lithium manganese dioxide, so you can guess how good its quality is.

6. LiCB CR2032 3V Lithium 

It costs $8.11. Strict Quality Control Standards are used to test it. Longer battery life and power are ensured using Grade A CR2032 batteries. It is compatible with motherboards, watches, calculators, toys, MP3 players, games, digital voice recorders, medical devices, etc. 

7. VARTA Batteries CR2032 Lithium

This CMOS battery is of premium quality and has a long shelf life, even for everyday use. The power source is quite reliable, and it has a warranty of 10 years. From toys to remote controls, from car keys to electronic clocks- it is compatible with everything. Moreover, it costs only $2.70.

8. COMPAQ CQ56 CQ62 Battery

This CMOS battery comes with a cable and a connector packaged in a secured manner. It comes in a set of 1 battery. It is pretty lightweight for 3 volts of voltage. As Compaq manufactured it initially, it is trustworthy in the market. It costs $4.45.

9. Duracell 2032 Twin

From wearables to scales and from medical devices to sensors-this battery is compatible with all. In addition, the power preserve technology guarantees a 10 year warranty period for this CMOS battery. It also comes with tamper-proof packaging and costs $5.68. 

10. Panasonic CR2032 3 V Button

It comes in a set of 20 batteries, and it is the most expensive CMOS battery on our list. It costs $11.23. Since it is composed of lithium manganese dioxide, the quality is guaranteed. With Panasonic as its original manufacturer, the battery has a good reputation in the market.

Signing Off

There is a separate CMOS battery linked to the motherboard in laptops and desktops by two cables. When a device’s passcode is set, the CMOS battery keeps track of it. So, you may have understood by now why a CMOS battery is so important. You can buy any of these CMOS batteries that we have mentioned here online at a lower price. 

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No More Business As Usual When You Double Down on Remote Sales https://www.sitepronews.com/2021/09/28/no-more-business-as-usual-when-you-double-down-on-remote-sales/ Tue, 28 Sep 2021 04:05:00 +0000 https://www.sitepronews.com/?p=118746 The enterprise sales cycle is typically measured in months, if not years. Products and services are often complex, and when you’re helping companies automate their vendor payments like I am, you’ll end up working through some process changes. Quite often, the sale involves a significant amount of dialogue around changing the “status-quo”. As with most […]

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The enterprise sales cycle is typically measured in months, if not years. Products and services are often complex, and when you’re helping companies automate their vendor payments like I am, you’ll end up working through some process changes. Quite often, the sale involves a significant amount of dialogue around changing the “status-quo”. As with most enterprise offerings, there are multiple stakeholders and decision makers, each with their own concerns about the impact of change. 

Expert guidance at every step

To make sure everyone understands the value of change, and is comfortable with it, I like to bring in many people outside of the sales team at different points during the cycle. These include our internal subject matter experts and company leaders who can speak directly to their peers in the prospect organization.

Early on in the sales process I usually bring in someone from our operations or solutions consulting team to help us dig deeply into the prospect’s current vendor payment setup. It helps to learn where the prospect is at, where they’d like to end up, and how our solution can take them there. 

As people start to think about how their process is going to change, I bring in people from implementation, supplier enablement and/or operations. This helps to better explain what the impact will be to their suppliers, and what implementation will look like for their users. Later in the process, I bring in customer success and tech support people to talk about what they can expect after they go live. 

Last year a government subcontractor client of ours was very concerned about risk and about information security. I brought in the head of our information security team to talk to their Chief Information Security Officer (CISO). They spoke each other’s language and our credibility skyrocketed.

The idea behind my process is to provide different perspectives, and to let people talk with others who have insights into their work. Similarly, to many salespeople in this kind of collaborative selling scenario, I act as master of ceremonies, bringing together the right people and putting together the right agenda for each prospect. 

Frequent flyer miles

Before we moved to a more digital sales process, we were racking up those frequent flyer miles. Sometimes we’d fly to a far-away town for one meeting. We might end up spending several days somewhere between travel and meetings, keeping us from other work and costing the company money. We might also do it the other way around, flying prospects to our HQ. Taking up three days of their time, multiplied by however many people they’re bringing out.

We also used to spend a lot of time, effort, and money going to trade shows. We’d ship in booths and equipment and team members to man these booths to the tune of hundreds of thousands of dollars. After a year and a half of remote selling that looks really inefficient, even a bit antiquated.

The only digital part of our sales process was bringing in executives or subject matter experts remotely.

Effective but not efficient

Last year, when I was succeeding at sales without ever leaving the house, I had a lightbulb moment: Do clients even want to have face-to-face meetings?

According to research by McKinsey, more than three quarters of buyers say they now prefer digital self-serve and remote human engagement over face-to-face interactions, even in industries where field sales have long been the norm.

Don’t get me wrong–there’s value in meeting folks face to face, depending on the situation. In-person meetings are especially important for big deals where you need to establish a high comfort level. However, face-to-face sales meetings are a very time consuming, expensive way to sell, not to mention that some of the people you want to have there are going to have to dial in remotely anyhow.

Challenging Sales

Many of us who are in sales practice are at least familiar with The Challenger Sale. In a nutshell, it’s about understanding the customer’s problems, challenging the current way of thinking, and articulating things that they haven’t even thought about. Maybe it’s time to apply those principles to ourselves. We’re selling change to the enterprise, but how much have we changed our own processes in the past decade? 

For example, look at how cars are being sold now. In the old days you’d have to go to the car lot, kick the tires, fill out paperwork, and sit for hours while the salesperson went to the back room and talked to their managers. I bought a lot of cars that way and every time it was an awful experience. Now you can pick out a car online and have it delivered to your home for a test drive. This process update had my gears turning (pun intended).

Better remote selling

It’s time to double down on remote sales and improve our processes. We’ve reached a point where we can sell pretty effectively using videoconferencing technology, but we can do even better. We can work with marketing to help us brand our online presentation materials and backdrops and level up our sound and lighting. We can use time not spent traveling to organize, polish, and practice our presentations and make them better.

Scheduling is the hardest part of team selling, since there can be as many as 10 or 15 people that need to be on the call, but that was hard with in-person selling too. We can use calendar software to help, or hire someone that’s dedicated to helping set up these meetings for the whole sales team. We can make better use of expert and executive time by establishing regular office hours where multiple sales people can bring their prospects to ask questions. We can do more frequent live demos and take questions from the audience. I’ve got a lot of ideas about how to improve remote sales. They’re all absolutely attainable, especially with the time we get back by skipping travel.

A team sport

Enterprise sales is a team sport. People buy from you first. Then they buy from your company and your product, more or less in that order. Personal relationships are primary, regardless of whether you’re remote or in-person.

I believe that there’s more of an opportunity to make these kinds of connections, and build confidence and trust, remotely. Partially because we already are succeeding at this, and because remote sales are less of an ask on the prospects’ time.

Virtual sales are efficient for sales people too. We can service more customers faster, which helps us accelerate the transition to automated vendor payments, or whatever kind of change for the better, that we’re selling.

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Legal Contract Lifecycle Management: Traditional vs. Digital Approaches https://www.sitepronews.com/2021/09/28/legal-contract-lifecycle-management-traditional-vs-digital-approaches/ Tue, 28 Sep 2021 04:00:00 +0000 https://www.sitepronews.com/?p=118743 The traditional approach of legal contract lifecycle management is outdated. Using a digital method shortens your contract lifecycles and simplifies their management. The Benefits of Contract Management Software for Legal Teams Digitizing Your Legal Contract Management Process Today’s fast-paced world requires law firms to have an effective contract management process in place to satisfy their […]

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The traditional approach of legal contract lifecycle management is outdated. Using a digital method shortens your contract lifecycles and simplifies their management.

The Benefits of Contract Management Software for Legal Teams

Digitizing Your Legal Contract Management Process

Today’s fast-paced world requires law firms to have an effective contract management process in place to satisfy their clients’ needs. However, traditional management methods are outdated and inefficient, meaning firms that use them will fall behind their competitors. The digital approach to legal contract lifecycle management is far more efficient, making it a worthy investment for your company. 

What is legal contract lifecycle management? 

Effective contract management is essential for law firms because it allows them to rapidly and accurately create or revise various agreements and avoid liability. The elements of proactive management include proper creation, negotiation, adherence, oversight, and documentation. In the modern world, proper management is essential for satisfying clients, as it is nearly impossible for legal times to form successful agreements without it. 

The stages of legal contract lifecycle management

If you want to manage your contracts efficiently, you must understand the different legal contract lifecycle management stages. You must carefully manage each phase to ensure that the arrangement is completed successfully and compliant with regulations. 

Some of the most critical phases of a contract lifecycle include:

  • Creation
  • Review
  • Approval
  • Execution
  • Performance
  • Expiration

It is difficult for legal teams to keep track of each phase of the contract lifecycle manually. This is especially true for firms that handle a large load of agreements daily. However, almost every law office can significantly benefit from digital administrative tools as they streamline each phase of the agreement process, saving your company time and resources. 

Traditional vs. digital legal contract lifecycle management

Law firms have two options for contract management, the traditional approach, and the automated approach. Traditionally managing agreements relies on manual processes, physical files, and email to manage vital documents. On the other hand, contract automation allows you to use technology-based tools to streamline your contract lifecycles. Features such as cloud service, templates, and eSignatures give teams that utilize management software a competitive edge over other law firms.

The advantages of using contract management software for legal documents

Today, most clients expect law firms to manage each stage of the agreement lifecycle using contract management software for legal documents. The reason being that the digital platform enables them to draft templates, review terms, and deliver their obligations more efficiently than a firm that relies on traditional management. 

Here are some of the benefits of using contract management software for legal agreements compared to traditional management:

1. Organize all your documents in a secure repository

Using a legal contract lifecycle management program means that you can store all of your documents on a centralized cloud service. This will make them more accessible and also reduce the chances of losing any critical documents or information. When you have a single repository, multiple attorneys and departments can securely access any information they need when working on a case at the push of a button. 

2. Monitor contract approval time

Many clients want contracts approved as quickly as possible, which is challenging to do when you rely on manual management practices. Using a legal management platform allows you to keep contract approval time down and, as a result, keep your clients satisfied with their experience. Additionally, locking down an agreement early ensures that you won’t waste time going back and forth over changes and waiting for approval.

3. Utilize updated contract templates

Using contract templates is one of the best ways to reduce your agreement lifecycles and liability. For instance, legal contract lifecycle management software lets you create one template that you can amend to fit different clients’ needs instead of editing various documents. However, for templates to remain compliant and practical, they should be updated every three to four months. Without smart management, you rely on memory to draft contracts, leaving room for loopholes and liabilities. 

4. Include compliance management in your administrative tasks

Integrating compliance checks into your contract life cycle effectively ensures you aren’t vulnerable to any legal issues. Compliance requirements should be looked over thoroughly, which is difficult for firms that use traditional management techniques. Legal contract management tools help you identify any compliance issues and quickly make necessary adjustments to your document. 

5. Create a standardized contract negotiation process

A standardized negotiation process lets non-legal professionals such as accountants and paralegals specify contract conditions with your clients. Rather than wasting an attorney’s time with non-essential tasks, you can give non-lawyers a negotiation blueprint, allowing your firm to work more efficiently. When the negotiation process is kept short using automation solutions, you can push agreements forward without wasting time and money.

6. Route request to the correct party

When you utilize a new document management platform, you must forward contractual requests to the right person. This is a strenuous process with manual management as you may not know which department handles certain documents. A legal contract lifecycle management solution will automatically send requests to the correct individual. This ensures that your attorneys only deal with the information they need rather than sending documents around to other departments.

7. Utilize eSignatures

The digital approach of legal document management allows you to use eSignatures to sign contracts. Electronic signatures are as legally binding as pen and paper signatures. But, the benefit of them is that you can sign documents right on your automation platform. Integrating digital signatures into your practice ensures that contracts are signed off on efficiently to streamline your administration process further.

Automation is the future of contract management for legal departments

Streamlined contract management for legal departments is critical for delivering compliant contracts efficiently. Digital contract management allows you to manage your agreements from a top-down perspective, letting you see the big picture while focusing on what matters to your client base. This approach to management isn’t possible when you rely on traditional pen and paper techniques, opening your firm up to financial and legal liability. Therefore, if you want your law firm to remain competitive, you must invest in legal contract lifecycle management software.

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Cryptocurrency Jargon https://www.sitepronews.com/2021/09/27/cryptocurrency-jargon/ Mon, 27 Sep 2021 04:05:00 +0000 https://www.sitepronews.com/?p=118705 Cryptocurrency is a highly popular investment, particularly among younger people, but much of the terminology may confuse and off-put beginners. It might be difficult to get started with cryptocurrency if you don’t know the meaning of gas, HODL, and whale, or understand the disparity between Bitcoin and blockchain. Cryptocurrency is more than simply a different […]

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Cryptocurrency is a highly popular investment, particularly among younger people, but much of the terminology may confuse and off-put beginners. It might be difficult to get started with cryptocurrency if you don’t know the meaning of gas, HODL, and whale, or understand the disparity between Bitcoin and blockchain.

Cryptocurrency is more than simply a different investing choice; it reflects a whole other universe than traditional equities and bonds. Even for experienced traditional investors, understanding the basics takes time due to unfamiliar jargon, developing technology, and keeping up with memes and tweets.

Before investing in cryptocurrency, we advise building an emergency fund, paying off high-interest loans, and establishing a standard retirement savings plan. And, as previously said, you should only invest what you are ready to lose in cryptocurrency, with experts recommending that you allocate no more than 5% of your portfolio to these digital assets.

Another item you should include on your checklist is at least a basic grasp of what you’re getting into, such as how crypto differs from conventional investing methods and the many factors that can impact the market value.

 Before you begin, like with any investment, it is critical to understand exactly what global asset you are investing in. This is especially true for a speculative — and continuously evolving — asset like cryptocurrency. 

It is much easier to do this if you are familiar with the words often used in this world. Whether you want to acquire cryptocurrencies now or later, knowing the terminology is a smart place to start. To make sure you aren’t be left out in the cold, here’s a beginners guide to getting started with cryptocurrencies.

Crypto Terms

Here are some term and jargon definitions to assist newcomers in grasping the world of cryptocurrency investment.

Mining

This phrase can be a little perplexing at times. Mining is the process of creating and distributing new crypto coins. Solving complicated mathematical problems necessitates the use of powerful computers. Users who complete this task get coins as a consequence. They may then trade the coins directly with their peers or through internet exchanges.

Of course, most traders do not mine or create new coins. Instead, much like any other asset in your financial portfolio, you may purchase and sell tokens from other individuals.

Whale

Whale accounts are those that possess a huge amount of a coin and have the ability to affect the market on their own. Most well-known and popular cryptocurrencies have a slew of whales that can truly throw their “weight” around.

Indeed, there are prominent websites that follow the activities of whales to increase transparency in the bitcoin market.

Many whale accounts are early investors or huge money, and following what they’re doing is a good method to predict how the cryptocurrency market will move.

Blockchain

The bitcoin transaction relies heavily on a peer-to-peer network. Blockchain is a digital database that records each bitcoin transaction. There is no risk of a hacker gaining access and corrupting the information kept on the blockchain because there is no central database, and everyone may view the blockchain facts from anywhere.

Gas

Gas is the charge of completing a bitcoin transaction. The fee covers the expense of paying a “miner” (the person who solved the equation and earned a coin) to search for and receive cryptocurrency on your behalf. Its size is determined by how soon you want the transaction to be completed.

Address

This is the precise location to which bitcoin is transferred. It functions similarly to a bank account but solely contains cryptocurrency. For maximum security, each address, which consists of a string of alphanumeric characters, is used only once to store crypto assets. 

This address also assists a receiver in proving ownership of the bitcoin that has been delivered to them.

Fiat

This phrase is most commonly used to contrast cryptocurrencies with normal currency (fiat), which is backed and issued by the government. It provides central banks with greater influence over the economy. Currencies, such as the US dollar and the Indian rupee, are examples of fiat money.

Altcoin

This is basically any other coin that isn’t Bitcoin. Altcoins can range from the second-most popular coin, Ethereum, to any of the hundreds of coins with extremely little market value. According to experts, you should primarily invest in the larger, more popular cryptocurrencies.

Block

These are the data sets within a blockchain. Blocks on cryptocurrency blockchains are made up of transaction records created when users buy or sell currencies. Each block can only store a certain amount of data. When it hits that limit, a new block is created to continue the chain.

Crypto Wallet

A wallet is where you keep all of your bitcoin currencies. It is encrypted, and if you forget your password, you will lose access to your wallet. Because cryptocurrency is founded on the concept of decentralized distribution, the only way to do so is to hold individuals accountable for their passwords.

Wallets are classified into two types: cold and hot. While a hot wallet is stored online and facilitates online trading, a cold wallet is similar to an offline safe to keep your valuables secure.

Hot Wallet

A bitcoin wallet that is software-based and connected to the Internet. While digital wallets are more convenient for immediately accessing your crypto, they are more vulnerable to hacking and cybersecurity threats than offline wallets, just as data stored on the cloud may be more readily accessed than those kept in a safe at home.

Cold Wallet

This is a safe way to keep your Bitcoin offline. Many cold wallets (also known as hardware wallets) are physical devices that resemble USB drives. This type of wallet can help secure your cryptocurrency from hackers and theft, but it also has its hazards, such as losing it along with your cryptocurrency.

Decentralization

The distribution of power away from a central location. Blockchains have typically been decentralized since they require the majority permission of all users to function and make changes rather than a centralized authority.

Decentralized Applications

These are the developer-created applications installed on a blockchain to carry out operations without the use of mediators. Decentralized finance operations are frequently carried out with the help of decentralized applications. Ethereum is the primary network that supports decentralized finance activity.

Fork

When its users change the rules of a blockchain, changes to a blockchain’s protocol frequently result in two new paths: one that follows the existing regulations and another that branches off from the prior one. (For instance, a Bitcoin fork resulted in Bitcoin Cash.)

HODL

Though the word began in 2013 as a user mistake on a Bitcoin forum, it now stands for “Hold On for Dear Life.” It refers to a passive investing technique in which investors acquire and hold cryptocurrencies rather than trade them to expect their value to rise.

Market Capitalization

In the context of cryptocurrencies, the market cap refers to the total value of all coins produced. The market cap of a cryptocurrency may be calculated by multiplying the current number of coins by the current value of the coins.

NFTs

NFTs or Non-fungible tokens are value units used to represent ownership of one-of-a-kind digital objects such as art or collectables. NFTs are often stored on the Ethereum blockchain.

Public Key

This is the address of your wallet, which is comparable to your bank account number. You may provide people or institutions with your public wallet key so they can send you money or withdraw money from your account when you approve it.

Private Key

The encryption code that allows you to access your cryptocurrency directly. Your private key, like your bank account password, should never be shared.

Smart Contract

A computational software that automatically enacts the conditions of a contract based on its code. The capacity of the Ethereum network to execute smart contracts is one of its primary value propositions.

Token

A value system on a blockchain generally has a value proposition other than merely a value transfer (like a coin).

Final Words

Those considering investing in cryptocurrencies should understand that acknowledging industry terms can be advantageous. Would-be traders can enhance their chances of reaching their investing objectives by conducting the appropriate study and understanding this knowledge. 

Interested in learning more about cryptocurrency? You can visit AskCrypto, a cryptocurrency forum where you can get more info about all the callouts, crypto trading, daily updates for the crypto market, and much more.

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5 Best Media Players Which You Should Use https://www.sitepronews.com/2021/09/23/5-best-media-players-which-you-should-use/ Thu, 23 Sep 2021 04:05:00 +0000 https://www.sitepronews.com/?p=118658 If you’re seeking the best media players, you’ve come to the right place. We have information about the best media players, which can be found right here. The greatest media player will provide you with a major streaming experience. Moreover, people are willing to watch live online streaming videos because internet speed improves day by […]

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If you’re seeking the best media players, you’ve come to the right place. We have information about the best media players, which can be found right here.

The greatest media player will provide you with a major streaming experience. Moreover, people are willing to watch live online streaming videos because internet speed improves day by day.

There are so many options nowadays that choosing one might be confusing as well as stressful. Check here for the best tips and tricks in the tech world. We have an enormous list of articles, posts, how-to guides, and tutorials for all things related to tech. AMTricks will be the best tech site you’ll come across.

For your convenience, we’ve compiled a list of the top 5 media players from which to choose.

Our Top 5 Best Media Players Are As Follows

  1. VLC Media Player
  2. 5K Player
  3. KM Player
  4. PotPlayer
  5. DivX Player

1. VLC Media Player

VLC is a free media player, and we all like free. It’s a free, open-source multimedia player that can play practically anything and almost all types of video file formats. Without a doubt, the greatest media player is VLC Media Player, which is at the top of this list for a reason: you can use it for years. In addition, you can use the VLC media player on various systems, including Android, Linux, Unix, iOS, and macOS, thanks to its cross-platform availability.

VLC Media Player also provides superb features for fine-tuning video and music playing. It can play formats that haven’t been mentioned in years. It is lightning-fast and does it all without malware, advertisements, or anything else.

2. 5K Player

The 5KPlayer has a very clean and straightforward user interface. It’s also noted for having a wider range of streaming alternatives. As the name suggests, 5K Player is a top-rated video player for Windows 10 because it is incredibly compatible with numerous video codecs and formats. Moreover, you can also import films and music from websites like Vimeo, Facebook, MTV, and YouTube using 5KPlayer.

While it lacks the capabilities of VLC, it can play most audio/video files without the need for extra plugins. It also supports DLNA and AirPlay wireless streaming for simple media streaming. 5KPlayer is especially fun because the primary player UI includes convenient options for rotating the screen, recording videos, and taking photos.

3. KM Player

KMPlayer is noted for its extensive format compatibility and is another great and free Windows 10 media player, playing almost all popular video and music formats. Users have a wide range of audio and video effects to choose from, ensuring that no functionality or support is lacking.

In addition, it has 3D, 4K, and UHD capabilities and a 64-bit version that can play films at up to 8K 60 frames per second on PCs with sufficient hardware. To improve compatibility, you can use external codecs. You can also make favorite parts of videos repeat, remap the keys for the remote interface, and so on. Inside KMPlayer, you can also edit video subtitles.

Moreover, KMPlayer is unique in that it allows you to make GIFs from videos. To open the GIF creation interface, press Ctrl+G on your keyboard. KMPlayer can also be used to download YouTube videos.

4. PotPlayer

PotPlayer is a South Korean media player app. PotPlayer would undoubtedly take VLC’s place as the king of the free media players if VLC didn’t have such a strong brand name. You should, however, be aware that PotPlayer is free yet proprietary software, meaning it is not open source. For Windows 10, it’s a fantastic free media player.

PotPlayer and VLC have a lot in common, including that they both function as simple all-in-one media players for users looking for ease of use. PotPlayer, however, unlike VLC, never fails when dealing with huge files or cutting-edge video formats.

PotPlayer also allows you to change options and customize them to your taste. It has more options than VLC and includes advanced features such as scene previews, bookmarks, clip recording, and more. It also uses fewer resources than VLC, which is crucial.

5. DivX Player

DivX is an excellent streaming media player that enables you to stream video, music, and photographs to any device that supports DLNA. Advanced features include Trick Play, which allows you to navigate to your favorite sequences quickly. It bills itself as the first media player of its sort to enable free HEVC playback.

Moreover, this media player also supports UltraHD (4K) playback, making it a versatile and valuable tool and, of course, specializes in playing video files in the most popular formats, including DivX, MP4, AVI, and MKV.

Lastly, because various audio formats are supported, you can easily swap between different soundtracks. Its intelligent media library keeps track of both private and paid video content.

Conclusion

With that, we’ve come to the end of this article. We know that there are many media players out there, so picking the right one for your system isn’t easy, but we’ve put together a list of the top five media players you should use.

Furthermore, you can now stop looking and rely on the selections listed above.

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