Call Accounting Product Options

  Call Accounting Product OptionsBefore considering any particular call accounting product, a potential user should make a short specification detailing in simple terms their telecommunications environment and what management functions must be achieved. Once you have clear idea of your goals or your expected outcomes you can begin to investigate the various offerings.  Call Accounting can be delivered in 3 basic guises.  A Software Package - In this document, I refer to it as stand-alone software. Software installed on a normal local computer, enabled with a software license and connected to the PBX. Prices for stand-alone software vary greatly as do the features they provide. With this type of product, service delivery is a costly issue, normally a technician visits site for even trivial problems.  Standalone packages may run on a standard PC, share a PC used for other office tasks, or may require a powerful and dedicated office server with a proprietary database. The specification you require is determined by the the size of your organization and your management goals.  A Bureau Service is a popular and efficient alternative method of achieving results. The service will collect call records from your office PBX and process them in a central facility. A Bureau Service generally has high level software and facilities, they are accustomed to the Call Accounting process and can do the job very efficiently. Your reports may be delivered electronically or in a paper document. Some of these companies offer consulting services and these can very often be extremely beneficial and cost effective to a client. Consultants can reveal opportunities to reduce expenses and sometimes will work on the basis of a contingency, meaning "if I save you money, I will take a percentage of the saving". Whether you choose to accept a consulting agreement or just the Call Accounting service you can negotiate a Service Level Agreement stating price and outcomes. This approach is especially useful for companies who do not run technology as a core business.  Internet based Call Accounting services are highly recommended by those who already use this type of service. The call accounting engine is in the Internet cloud and employs enterprise level software leveraged to offer clients a high grade service the like of which would be in-affordable for even the largest international organizations. Some of service providers in this category service 10s of thousands of sites.  Web based Call Accounting services are offered as a managed service thereby greatly improving the reliability you can expect over stand alone software. An Internet based service is generally a very low cost offering with little capital expenditure up front. Reliability of these systems is claimed to be in the area of 99.99%. The features offered vary per supplier but are consistent with the very highest level of stand alone software available.  If you have not already done it, before making the final commitment to a call accounting product, investigate web based services, you will be surprised at the value they offer and the return on investment you can leverage from the product.  Mike Guile brings a wealth of experience to bear on a problem many companies have, managing their telephones efficiently. He has more than 30 years experience and offers new Reseller a free trial of the worlds leading call accounting Internet application, for any size site. He gives email support personally to all his customers   Business

In order for the modern business to survive, it must accept different forms of electronic payment. Partnering with a financial institution and setting up a merchant account allows businesses an easy, inexpensive way to accept many different kinds of electronic payments. Merchant accounts allow business owners to focus on what they do best-provide their unique goods and services and keep their customers happy.

What is a merchant account?

A merchant account provides businesses with many services such as credit and debit card processing along with credit and debit card processing equipment that is compliant with payment card industry standards. Merchant accounts can also provide 24 hour, 7 day a week client and technical support.

Merchant Account Services

Merchant accounts offer many services to keep your business successful and your customers happy. These include:

-> Credit and Debit Card Processing.

-> Check Acceptance, which allows businesses to accept checks just like credit and debit cards.

-> Fleet Card Acceptance: A fleet card is most commonly used for gasoline, diesel and other fuels at gas stations as well as vehicle maintenance.

-> Wireless Payments, which allow businesses to conduct business from home, at the office or on the road.

-> Gift Card Acceptance: By accepting gift cards, businesses can increase their bottom line through promotion and brand awareness. When your customers purchase gift cards at the amount they wish, they give you money up front and then use the card for themselves or give them as gifts, both of which bring you more business.

-> Loyalty Programs: Similar to gift cards, loyalty programs have many benefits, such as generating repeat customers, allowing businesses to track their customers' spending habits and eliminate problems such as fraud.

-> Online Payments, which allow businesses to take payments over the Internet.

-> Mail/Phone Payments: With mail or phone payments, payment processing can occur without ever having to see the credit card.

-> Business Cash Advances, which give businesses an easy alternative to conventional business loans, allowing you to quickly unlock additional funds within your business to meet current operating obligations or other business needs.

-> ATM Services, which provide easy access to revenue at onsite ATM machines.

-> Free processing equipment: Merchant accounts include free equipment, service and support, and lowest processing rates.

How to Set Up a Merchant Account

After carefully selecting a financial institution partner, you simply apply for a account and receive a quote, which is based on your type of business and payment needs. Then, based on your desired payment options, the financial institution will go over the processing rates and fees involved.

Next you'll fill out an application, which will get you set up with the appropriate type of merchant account. Once signed, your application will be considered for approval-and don't worry: many financial institutions have high approval rates. Most applications are processed within 24 hours. Once approved, your business will receive a Merchant ID for processing.

Getting your Merchant ID

Once you get your Merchant ID, your free equipment will be shipped to you and you'll run a series of test transactions. With your newly set up account, you'll work together with a client support team, which provides 24 hour, 7 day a week assistance and who will follow-up on a routine basis to make sure everything is going smoothly and ensure your payment needs are being met.

Merchant Account Support

Once obtaining an account, your business will have access to account and technical support. Account support includes toll free and online access to statements, settlements, account information and reporting You will also receive easy options to reorder supplies and equipment. Technical support includes quick equipment reference guides, equipment troubleshooting and support and multiple equipment replacement options. Technical support is available 24 hours a day, 7 days a week.

Will a merchant account increase sales?

Yes. Reports from VISA show that businesses that accept credit cards see a jump in sales by 20-30%. Facts are facts. Consumer credit card usage far surpasses the use of cash and personal checks, especially online. Today's consumers desire quick and easy transactions that only the use of a credit card allows.

How Merchant Accounts Give your Business a Competitive Edge

People do not carry paper money the way they once did, thanks in part to the ease and ubiquity of credit cards and debit cards. What's more, most consumers find it much easier and faster to use a card rather than cash not only because of the danger of loss and theft, but because banks provide security in such instances.

There is no such thing as making business too convenient for consumers. By setting up a merchant account, your business won't lose many sales opportunities, but will contrarily increase sales and transaction speed, leaving customers happier than ever.

Should You Invest in Bitcoin?

If you are wondering what Bitcoin is and if you should invest in it, then this article is for you. In 2010, the value of one Bitcoin was only 5 cents. Fast forward in 2017 and its value touched $20,000. Again, the price dropped to $8,000 within the next 24 hours, thus causing a huge loss to the currency holders.

If you have been trying to find out more about Bitcoin, this read can help you. According to statistics, around 24% of the Americans know what this thing is. However, the currency still has a value of over $152 billion. That is the one of the most common reasons behind the popularity of this thing. Let's know what it is and whether you should invest in it.

What Is Bitcoin?

In simple terms, Bitcoin is one of the digital currencies. A digital currency is known as cryptocurrency. The term was invented by an anonymous person in the financial crisis in 2008.

A digital currency account is a like your checking account that you can view online. In other words, it's a digital currency that can be viewed but can't be touched. In case of Bitcoin, you have no physical representation either. All the money exists in the digital form only. No one is there to regulate this type of currency. In the same way, the network is not managed by any entity and the tokens are exchanged between individuals through a complex software system. Instead, the whole thing is decentralized, and is run by a network of computers.

It's important to note that you can't use these tokens to pay for everything that you want to buy. In fact, you can use it to buy only from some sellers or stores online. But it can be sold for traditional currency or money. However, more and more companies are beginning to accept Bitcoin and other cryptocurrencies. For instance, Expedia and Over-stock accept it from users. One of the main features of this type of money is that the transaction is completely private and untraceable. That's one of the many reasons most people prefer this digital form of money.

Should You Put Money In Bitcoin?

Remember: before you choose to invest in Bitcoin or any other digital currency, make sure you understand the risks associated with this system. Volatility is one of the major risks. It means that the value of your money can fluctuate significantly in 24 hours. In fact, the rise or fall in the value can be as much as 30%. Another problem is that most of the digital currencies that can be seen today will lose their value within 5 years, according to most experts.

To be on the safe side, we suggest that you invest only that you can afford to lose. For instance, if you have $1,000, you can invest $10. And if you lose that amount, it won't create any financial issues for you.

Hopefully, now, you know what Bitcoin is and whether you should invest your hard-earned money in. Remember: you shouldn't invest a good deal of money or you may get into serious financial trouble down the road.

The world is on the cusp of a digital revolution, with innovation disrupting the way we do everything, from using appliances and gadgets to performing financial transactions.

New Asset Classes

The digital economy is growing at a fast rate all over the world. The current digital economy is characterized by the creation of new asset classes and digitization of traditional assets. Emerging technologies, such as the blockchain, artificial intelligence (AI), Internet of Things (IoT) and 3D printing, are playing a pivotal rule in fueling this growth.

The new technologies feature assets that have the potential to dominate the global economy in the future. For instance, the blockchain has virtual coins and tokens whose popularity has grown exponentially in a short time period.

Big Players Entering the Game

The blockchain enables users to perform transactions securely and much quicker than traditional methods. The features of the blockchain have attracted many prominent technology and financial companies, including IBM, Oracle, JP Morgan Chase and Boeing. For instance, IBM recently teamed up with Stronghold, a financial technology company, to launch a dollar-backed cryptocurrency called Stronghold USD. This virtual currency is an example of how consumer confidence in a traditional asset (fiat-currency USD in this case) is used to support a digital asset.

There are also examples where companies are combining two new technologies to provide solutions for the future. Aerospace giant Boeing recently announced a collaboration with artificial intelligence company SparkCognition to develop blockchain-using traffic management solutions for unmanned air vehicles.

The Game Changer

The tokenization of assets isn't limited to traditional assets such as currencies. The new market can utilize the intrinsic value of a wide variety of assets to provide security tokens. The blockchain can be a differentiating factor between security tokens and traditional securities. The use of smart contracts on the blockchain eliminates the need for a middleman, thus reducing transfer costs. This usability of the blockchain has the potential to significantly affect the traditional banking system. It may also eliminate the need for money as a medium exchange, as all assets are liquid, instantly available and divisible.

Automation and artificial intelligence have already made their mark in many markets. Trading algorithms have overtaken human traders. In the manufacturing sector, machines have taken many of the jobs previously performed by humans.

Need for a New Framework

In this rapidly changing economy, it's no longer feasible to rely on traditional models and methods of making decisions To keep up with new developments, such as DAO, AI, VR, P2P and M2M, it's imperative that we develop a new framework. In other words, we need to move beyond the Munger's Mental Models and focus on digital models, such as network theories and exponential growth models.

The digitization of our economy is taking place at a rapid pace. With time, we will get a clearer picture of which developments will dominate this new web 3.0 economy, but it's clear that this economic revolution is taking place on a global scale.


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