Technology and Health & Life Sciences
6 Problems Mobile Technology Can Solve for Manufacturing: Part 2
Customer demands and industry disruptors are making your job harder – but mobile technology could be the antidote for your organization’s needs. In part one of “6 Problems Mobile Technology Can Solve for Manufacturing,” we focused on mobile technology solutions that can help you with quality control and compliance, make it easier to fill custom orders more accurately and quote and close more deals. All those things are great – but that’s just the beginning. What about what mobile technology can do for your supply chain, for tracking leads in your sales cycle and even for your customer service? Part two explores the next level of what mobile tech can do. Read More.
6 Problems Mobile Technology Can Solve for Manufacturing: Part 1
Amazon is making your job in manufacturing harder. So are Lyft and Uber. And even Netflix. How? They are changing human behavior with their instant, or nearly instant, delivery models. Everyone expects to get what they want instantaneously. That raises the bar pretty high for everyone else. Answering clients’ demands for immediate gratification is just one of manufacturing’s challenges. Clients also want better quality, high levels of customization, personalized service – all at the absolute best cost. On the other side, your stakeholders want higher productivity and efficiency plus fatter profit margins, all while maintaining quality and answering to compliance. Read More.
FASB to Clarify Guidance for Collaborative Arrangements
The Financial Accounting Standards Board (“FASB”) will seek ways to make its guidance under Topic 808, Collaborative Arrangements, easier to follow. At its October 4 meeting, the FASB unanimously agreed to simplify the guidance to reflect the board’s initial goal of clarifying when partners in a collaborative arrangement must record revenue due to the venture’s cost reductions. The FASB also plans to examine the guidance for transactions that do not generate revenue for the partners, as well as consider guidance for what is the unit of accounting under Topic 808. FASB members and staffers said that the board will not. Read More.
Revenue Standard Could Have Major Impact on Software Industry
With the Financial Accounting Standards Board’s (“FASB”) new revenue recognition rules becoming effective in three months, the Accounting Standards Update (“ASU”) could have a major effect on the bottom lines of companies in the software industry. Under ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), software companies will have to recognize more revenue when the sale occurs. However, companies in the software industry have long-term arrangements with customers, meaning revenue is usually recognized over the life of the contract. One software company already feeling the impact is Microsoft, which was an early adopter of the standard. Under the. Read More.
Separating Fact from Fiction About Cloud Technology: Part 2
It might seem like every company on the planet is migrating to “the cloud” – but does that mean every business should be connected to the cloud? Is cloud computing right for every company – or have its benefits been overstated? In Part 1 of “Separating Fact from Fiction About Cloud Technology,” we examined some of the logistical features of cloud computing that make work easier for people, such as being able to connect remote teams and giving startups and small companies more affordable access to big-company business services. Part two of this series is going to look at the technical features of cloud computing, as we take the time. Read More.
Separating Fact from Fiction About Cloud Technology: Part 1
Is every company on the planet really migrating to “the cloud” – that magical place where data and applications live, so we mortals can have instant access to everything from trivia facts to client databases on our phones and laptops? Cloud computing has gone from being a trendy novelty to a necessity – even a way of life. We connect to the cloud every time we check social media, use GPS, or work on projects in Google Drive or Office 365. Cloud computing is popular, because it has some clear advantages for businesses and even makes day-to-day life a little. Read More.