Signing out of account, Standby…
Keep more of the value your business generates by following these tax time tips.
While there are other benefits, one of the most important reasons you’re in business is to make money. And it stands to reason that if you’re in business, you’d like to keep as much of what you generate as possible. That could be why so many people hate paying taxes.
But if you’re doing your bookkeeping correctly, you’ll find there are ways to keep some of the value your business generates. All you want to do is pay your fair share. And keep what’s left to run a successful small business or grow that business into something even bigger.
Above all, remember that you pay taxes on your profit, and your profit is your income minus your ordinary expenses; you report this to the IRS every year on Schedule C. So when you sit down to do your taxes or hand your information over to your tax accountant, you should be sure you’ve tracked every single business expense.
Related: These Are the Top Tax Filing Mistakes Made by Small Business Owners (and How to Avoid Them)
What deductions are obvious? Anything you buy that directly affects your business and is used for your business. If you’re in construction, it’s the cost of your equipment and raw materials. If you’re a web designer, it’s the software you use. Look at Schedule C and you’ll see the obvious ones: advertising, office expenses, licenses, utilities and more.
You need to be careful defining some expenses, especially if you’re running your business out of your home. Yes, you can deduct the part of your home that you use exclusively and regularly for business. But if you work weekdays at your home office and watch football from it on Sunday, it’s not exclusive to your business. If you only do your month-end bookkeeping in it — even if that’s all you do in it — once-a-month office use is not considered regular use.
But when you’re assembling your receipts or downloading expense data from your small business financial management system to provide to your tax accountant, there are certainly some expenses that you might not have thought to include. There may be other expenses you claim that are not eligible deductions. If filed in error, these mistakes could cost you fines — or worse — if you’ve deducted more than you should have or are permitted to.
Related: Here’s Why It Pays to Track Every Tiny Business Expense
While Schedule C enumerates 21 types of expenses, you still might miss some perfectly legal deductions. For instance:
Related: 75 Items You May Be Able to Deduct from Your Taxes
Just remember, you can’t deduct what you aren’t tracking. Prior to the 1980s, you didn’t have many options — record-keeping systems included paper, pencils and file cabinets. The late 20th century made spreadsheets an option, which required ensuring formulas were put into the correct cells as well as remembering where the related backup documentation was saved.
The modern era has given way to even better ways of tracking information, and distilling years of accounting and bookkeeping know-how into an easy-to-use software platform. Now you can stay on top of all of the purchase orders, invoices and receipts you’ll need as a backup to your accounting records. And, have them all safe in a cloud-based system. Files, images, emails and scanned paper documents can be captured from a mobile device or a computer and stored safely online. You can categorize all transactions easily by account category and relevant tax schedule for subsequent reporting and filing.
These systems can be accessed from anywhere your business takes you, from home office to factory floor to out-of-state business pitch. You can pull them up when needed (such as for a loan application, a meeting with your accountant or deciding on financing a business improvement).
Consider financial document management solutions that can also automatically extract data from these documents. Instead of keying these numbers into a spreadsheet or paying your tax accountant to do this manual work, systems like Neat automatically feed financial data to accounting and tax software. These systems can make it easier to account for all of your business expenses — the obvious ones and those that can be often overlooked.
Related: The Most Forgotten Tax Deductions Business Owners Should Take
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AI continues to rise in importance as forward-thinking organizations strive to elevate services, enhance information access, reduce costs, respond faster to opportunities and threats, and create better products. AI and a host of related technologies such as augmented intelligence, machine learning, deep learning, process automation, and natural language processing are being deployed in areas as diverse as supply chain management, manufacturing, healthcare, medical research, and financial services.
Although definitions of AI and what it can provide organizations vary, a widely cited description developed by Gartner is that AI applies “advanced analysis and logic-based techniques, including machine learning (ML) to interpret events, support and automate decisions and to take actions.” While leaving room for differences of opinion, Gartner points out that in order to capture the opportunity of AI, it is important for an organization to articulate and agree upon a generally accepted definition focused on what it wants AI to accomplish.
With companies across industries today attempting to decrease risk, increase efficiency, make better decisions, and deliver better experiences, AI is on the rise. According to a 2021 McKinsey Global Survey on AI, 56% of all respondents’ organizations had adopted AI in at least one function, up from 50% in 2020. The report also noted that AI adoption since last year has increased most at companies headquartered in emerging economies. Across regions, the adoption rate is highest at Indian companies, followed closely by those in the Asia-Pacific region.
As with the last two surveys, the McKinsey study pointed out, “the business functions where AI adoption is most common are service operations, product and service development, and marketing and sales, though the most popular use cases span a range of functions.” Leading the charge as the top three use cases identified were service-operations optimization, AI-based enhancement of products, and contact center automation. “As AI’s use in business becomes more common,” the report added, “the tools and best practices to make the most out of AI have also become more sophisticated.”
With organizations recognizing the great potential of AI, it is not surprising that the market size is also expected to increase dramatically. According to Grand View Research , the global AI market size was valued at $93.5 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 38.1% from 2022 to 2030. “The continuous research and innovation directed by the tech giants are driving the adoption of advanced technologies in industry verticals, such as automotive, healthcare, retail, finance, and manufacturing,” Grand View states.
As part of our efforts to focus attention on the innovative knowledge management vendors that are imbuing their offerings with AI and automation, in this issue, KMWorld presents the KMWorld AI 50: The Companies Empowering Intelligent Knowledge Management. We invite you to explore the companies on this list to understand why they stand out, and to also review the AI Trailblazer section in which executives of these organizations explain the value of their intelligent approaches.
Be sure to join us as we continue to explore AI and a wide range of other knowledge management topics in person at the annual KMWorld conference at the JM Marriott in Washington, D.C., November 7-10.
We encourage you to visit the websites of the companies on this year’s list. In the AI TRAILBLAZER Spotlights, executives share their opinions and how their solutions help customers realize their business goals.
KMWorld is the leading publisher, conference organizer, and information provider serving the knowledge management, content management, and document management markets.
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Your company’s goals can be more easily achieved when you have an effective employee management system in place to keep track of and reward your staff for their consistent efforts. An employee management system directs and oversees the operations of employees. In addition, it securely collects and maintains your workers’ personal and work-related data. Thus, storing and accessing information is made simpler.
It is easier and faster to manage administrative tasks in the employee management system. As you know, employees are critical to the success of your company, and their efforts directly impact the bottom line. It is an essential component of human resource management. Additionally, EMS improves employee engagement and retention, which lowers company expenses and boosts productivity.
In order to help you stay organized, you can leverage the intelligent module inside HR management systems. You may access all of your employees’ information with the help of the software. Employee management software has the advantage of being cloud-based. Providing you with access from any location.
You don’t have to wait till you get back to the workplace if you need support from some of your staff while you’re away. Your employee’s data is easily accessible with any employee management software. A lot of useful time is saved because you don’t have to search through the database. With the time saved, your HR department can assist you in putting some strategic initiatives into action to boost productivity.
Standard metrics for employee management are available in the employee management system. Your company’s staff management demands can be handled with ease by customizing or creating new metrics. The mobile HRMS offers a user-friendly interface that makes it easy for you to manage the performance of your staff.
The software gives you a bird’s eye view of your entire workforce. Leveraging tools like an analytically driven metric system, the HR management system can benefit you greatly. Your business can get the most out of its employees by using the timesheet management and time tracking software that is all in a single resource.
In any organization, payroll is often one of the most challenging duties for the HR team to handle. Taxes, beneficial corporate policies, and other deductions are just some of the factors they must keep in mind as they endeavor to manage this task. This may appear simple, but it’s also prone to mistakes because it’s such a tedious and time-consuming activity.
Accurate payroll can be automated using a cloud-based employee wage management system. This is a way for you to create trust with your employees. With an employee management system, you can also avoid legal issues.
Employees expect and deserve a positive work environment and culture. You can use an employee management system to improve your employee database management, as well as your employee payroll and incentives. As a result of this, your staff will be happier and more productive.
The happiness of your employees is a direct result of showing gratitude for their hard work and dedication. Your employee recognition program can be managed using an employee management system. Data-rich wage slips and other features encourage the employees. As a result of downloadable reports, improved employee-HR relations will result in increased employee retention and productivity.
Other legal and regulatory obligations fall on employers in relation to information regarding management and personnel. Depending on the industry in which you operate, you may be asked to present a specific record at short notice during a regulatory audit. If you fail at this, you could incur a significant penalty.
Notwithstanding, businesses may find it difficult to comply with current laws that are relevant to their industry because enforcement can be a minefield. An employee management system makes it easy for organizations to capture, document, and report the details of their employees whenever it is necessary. Full W-4s, I-9s, and other tax and compliance documents are just a few clicks away. If you use an employee management system, you can also receive a notification before a record is due for an update.
(Download Whitepaper: Employee Engagement 101)
In order to keep your employees motivated, you need an incentive-based management system. Rewarding your employees lets them know that you value the work they’ve put in.
Employee performance is often used as the basis for a company’s incentive program. To earn more money, employees are encouraged to be more productive. For instance, when an employee makes more sales, his or her overall commission rate rises.
Monetary rewards for your employees shouldn’t be the only consideration when it comes to rewarding them.
Increasing employee satisfaction can also be achieved through employee recognition. Showing your appreciation for your employees’ efforts can be as simple as sending a thank-you note or throwing a party.
To ensure a successful implementation of performance management tools, communication is critical. Understanding what, where, when and how are critical for employees. Make it clear why you’re using these tools and what you hope to gain from them.
Keep employees aware of the overarching goals of the tools you use and make it clear that your organization is aligned with those goals. Explain that there is an initial investment of time required for implementation, but that the results will show that no time was wasted. Establish lines of communication in advance of, during, and following the launch of each tool.
An employee cannot be expected to learn a new program on his or her own. Get managers ahead of the game so that they can properly train their team using the program. Use walk-throughs to alleviate any trepidation your staff may have about the new project.
It is important to ensure that your employees are trained on both technical and human aspects of the system. Enjoy the full potential of the program by teaching your personnel how to use it.
Having too many regulations might be frustrating. Employees should be able to design their own new programs. When employees have a say in the process, they are more likely to participate and buy into the idea.
If your new program has rules or guidelines to follow, consider whether the program would be doomed without following them. Defining processes that effectively drive your initiatives may be an option if too much flexibility is keeping you from achieving your initial objectives. There are times when fully defined processes are beneficial, and there are others when flexibility must prevail!
Remove the drudgery from their daily, and you can be guaranteed that your employees will be happier. Modern point-of-sale systems free up time for employees to focus on achieving their individual goals and building relationships with customers. As any smart business owner understands, smiling staff (and high-quality service) lead to happy, loyal customers who are eager to support your business’s growth and stability for years to come.
Indubitably, you will save money and time on staff management if you use a solid employee management system. In addition, you’ll be able to use the information you gather to continually enhance your company’s performance in the industry.
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Ultimate Guide to Human Resource Development (HRD)
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What is Employee Experience? – A Complete Guide
Techfunnel Author | TechFunnel.com is an ambitious publication dedicated to the evolving landscape of marketing and technology in business and in life. We are dedicated to sharing unbiased information, research, and expert commentary that helps executives and professionals stay on top of the rapidly evolving marketplace, leverage technology for productivity, and add value to their knowledge base.
Techfunnel Author | TechFunnel.com is an ambitious publication dedicated to the evolving landscape of marketing and technology in business and in life. We are dedicate…
March 15, 2022 10:00 ET | Source: Access Corp. Access Corp.
Woburn, Massachusetts, UNITED STATES
WOBURN, Mass. and SWORDS, Ireland, March 15, 2022 (GLOBE NEWSWIRE) — Access, the world’s largest privately-held integrated information management services provider, and OASIS Group, the largest privately-owned Information Management provider in Europe, jointly announce today the acquisition of the North American and European physical asset storage and services business of CGG Smart Data Solutions.
The deal includes Access’ acquisition of several North American facilities, as well as OASIS’ acquisition of four facilities in Europe. All facilities remain dedicated to the storage and management of subsurface rock and fluid samples, paper and magnetic assets and access to complex digital data structures via the acquired PleXus solution.
“We are pleased to welcome Smart Data Solutions clients and Team Members to OASIS Group,” said Nicholas Knight, Chief Commercial Officer at OASIS Group. “The division’s specialist technical knowledge and focus on providing innovative solutions such as PleXus will strengthen our offering to our clients in the energy industry.”
“Given their long-standing strategic partnership and joint focus on records and information management, Access and OASIS will provide an excellent home for the physical asset storage and services business of Smart Data Solutions,” said Sophie Zurquiyah, CEO, CGG. “I expect that the acquiring partners will continue to expand and advance the service offerings to best support the needs of all clients well into the future.”
“Access and OASIS Group have been supporting clients collectively within the energy industry for decades and understand the complexities of assets associated with the management of specialist data and information,” said Ken Davis, Access CEO. “The acquisition of Smart Data Solutions’ facilities and Team Members reflects our companies’ respective commitments to help clients around the world harness the power of their information through innovative technologies.”
This transaction marks the 180th and the 55th successful acquisition for Access and OASIS Group, respectively.
Access is the largest privately-held records and information management services provider worldwide, with operations across the United States, Canada, Central America and South America. Access provides transformative services, expertise and technologies to make organizations more efficient and more compliant. Access helps companies manage and activate their critical business information through offsite storage and information governance services, scanning and digital transformation solutions, document management software and secure destruction services. Access has been named 12 times to the Inc. 5000, the ranking of fastest-growing private companies in the U.S. For more information on Access, please visit AccessCorp.com.
About OASIS Group
OASIS Group, the largest privately-owned Information Management provider in Europe has been providing clients with secure records and information management solutions since 1999. Established in Dublin, Ireland, OASIS has since expanded internationally and are currently operating across 6 European countries, employing over 1,700 Team Members and servicing over 11,500 clients. With a proven track record of developing award winning information management solutions, OASIS’ Omnidox Suite was recently awarded ‘Software Product of the Year’ at the prestigious DM Awards, for the third year in a row. For more information, please visit www.OASISGroup.com.
Contacts for Access:
Our dream of revolutionizing the fitness and wellness industry is no small feat, and we’re looking for talented people to make it a reality. When you join Mindbody + ClassPass, you’ll work with kind, intelligent people and enjoy unrivaled benefits. You’ll also share in a true culture of purpose and passion centered around helping people live happier, healthier lives. We’re not just another thriving company—we’re far and away the leader of our industry. So join the team, and let’s see what we can accomplish together!
At Mindbody + ClassPass, we’re innovating for the future of wellness by bringing together the best of both sides of the market: Mindbody is the industry’s most trusted technology platform, empowering tens of thousands of wellness brands around the world with the software and resources they need to run and grow their businesses. ClassPass is one of the most popular apps for fitness lovers and self-care enthusiasts, partnering with over 30,000 fitness studios, gyms, salons, and spas around the world. We’re on a mission to create a wellness community for all—opening the doors to more authentic, local wellness experiences than ever before.
The Contracts Manager supports all aspects of contracting at Mindbody globally as part of our Legal Team, working closely with Legal Operations, Attorneys and business partners on a wide variety of
commercial matters. The position is responsible for managing and improving our contracting processes across the board, including managing our contract lifecycle management platform, preparing and
maintaining contract templates and libraries, and assisting with the preparation and negotiation of a variety of commercial agreements across the Company.
It is Mindbody’s intent to pay all Team Members competitive wages and salaries that are motivational, fair and equitable. The goal of Mindbody’s compensation program is to be transparent, attract potential employees, meet the needs of all current employees, and encourage Team Members to stay with our organization.
Actual compensation packages are based on several factors that are unique to each candidate, including but not limited to skill set, depth of experience, certifications, and specific work location.
The base salary range for this position in the United States is $69,800 to $83,800. The total compensation package for this position may also include performance bonus, stock, benefits and/or other applicable incentive compensation plans.
Sound like the role for you? We’d love to hear from you! Even if you’re not 100% sure about potential fit, we still encourage you to apply. We’re looking for the right person, not the perfect series of checkboxes.
Mindbody is an Equal Opportunity Employer. We highly value diversity at our company and encourage people of all different backgrounds, experiences, abilities and perspectives to apply. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status, or other protected characteristics.
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With nearly a third of the global music-streaming market share, Spotify needs little in the way of introduction. Some 456 million people consume music, podcasts and audiobooks through Spotify each month, 42% of which pay a monthly fee while the rest are subjected to advertisements.
Ads and subscriptions have been the cornerstone of Spotify’s business model since its inception, though it has expanded into tangential verticals such as concert tickets. However, the company is now exploring another potential money-spinner that has little to do with its core consumer product.
Back in October, Spotify teased plans to commercialize a developer-focused project that it open sourced nearly three years ago, a project that has been adopted by engineers at hundreds of companies including Netflix, American Airlines, Box, Roku, Splunk, Epic Games, VMware, Twilio, and LinkedIn.
Today, those plans are coming to fruition.
The project in question is Backstage, a platform designed to bring order to companies’ infrastructure by enabling them to build customized “developer portals,” combining all their tooling, apps, data, services, APIs and documents in a single interface. Through Backstage, users can monitor Kubernetes, for example, check their CI/CD status, view cloud costs or track security incidents.
Spotify: Backstage in action
While there are other similar-ish tools out there, such as Compass, which Atlassian introduced earlier this year, Backstage’s core selling point is that it’s flexible, extensible and open source, enabling companies to avoid vendor lock-in.
Spotify had used a version of Backstage internally since 2016, before releasing it under an open source license in early 2020. And earlier this year, Backstage was accepted as an incubating project at the Cloud Native Computing Foundation (CNCF).
Most of the big technology companies have developed fairly robust open source programs, often involving contributing to third-party projects that are integral to their own tech stack, or through donating internally developed projects to the community to spur uptake. And that is precisely what led Spotify to open source Backstage, having previously been blindsided by the rise of Kubernetes in the microservices realm.
For context, Spotify was an early adopter of microservices, an architecture that makes it easier for companies to compile complex software through integrating components developed separately and connecting them via by APIs — this is versus the traditional monolithic architecture which, while simpler in some regards, is difficult to maintain and scale.
Spotify was basically in the right place at the right time when the great transition from monolith to microservices was happening. But with microservices, there is a greater need to coordinate all the different moving parts, and can be an unwieldy process involving different teams and disciplines. To help, Spotify developed a home-grown container orchestration platform (which basically hosts the different microservices) called Helios, which it open sourced back in 2014. However, with Kubernetes arriving from the open source vaults of Google the same year and eventually going on to conquer the world, Spotify made the “painful” decision to ditch Helios and go all-in on Kubernetes.
“Kubernetes kind of took off and got better — we had to swap that [Helios] out, and it was painful and expensive for us to do,” Tyson Singer, Spotify’s head of technology and platforms, explained to TechCrunch. “But we needed to do it, because we couldn’t invest at the same rate to keep it up to speed [with Kubernetes].”
This proved to be the genesis for Spotify’s decision to open source Backstage in 2020: Once bitten, twice shy. Spotify didn’t want Backstage to lose out to some other project open sourced by one of its rivals, and have to replace its internal developer portal for something else lightyears ahead by virtue of the fact it’s supported by hundreds of billion-dollar companies globally.
“Backstage is the operating system for our product development teams — it’s literally fundamental,” Singer said. “And we do not want to have to replace that.”
Fast-forward to today, and Spotify is now doubling-down on its efforts to make Backstage a stickier proposition for some of the world’s biggest companies. And this will involve monetizing the core open source project by selling premium plugins on top of it.
“By generating revenue from these plugins, that allows us to be more confident that we can always be the winner,” Singer continued. “And that’s what we want — because, you know, it will be expensive for us to replace.”
Backstage is already built on a plugin-based architecture that allows engineering teams to tailor things to their own needs. There are dozens of free and open source plugins available via a dedicated marketplace, developed both by Spotify and its external community of users. However, Spotify is taking things further by offering five premium plugins and selling them as a paid subscription.
The plugins include Backstage Insights, which displays data around active Backstage usage within an organization, and which plugins users are engaging with.
Backstage Insights showing week-on-week trends. Image Credits: Spotify
Elsewhere, Pulse powers a quarterly productivity and satisfaction survey directly from inside Backstage, allowing companies to quiz their workforce and identify engineering trends and access anonymized datasets.
Skill Exchange, meanwhile, essentially brings an internal marketplace to help users find mentors, temporary collaborative learning opportunities or hacks to improve their engineering skills.
Backstage Skill Exchange. Image Credits: Spotify
And then there’s Soundcheck, which helps engineering teams measure the health of their software components and “define development and operational standards.”
Backstage Soundcheck. Image Credits: Spotify
Finally, there’s the role-based access control (RBAC) plugin, serving up a no-code interface for companies to manage access to plugins and data within Backstage.
Backstage Role-based access control. Image Credits: Spotify
While Backstage and all the associated plugins can be used by businesses of all sizes, it’s primarily aimed at larger organizations, with hundreds of engineers, where the software is likely to be more complex.
“In a small development organisation, the amount of complexity that you have from, say 15 microservices, a developer portal is a nice-to-have, but not a must-have,” Singer said. “But when you’re at the scale of 500 developers or more, then the complexity really gets built out.”
While plenty of companies have commercialized open source technologies through the years, with engineers and developers often the beneficiaries, it is a little peculiar that a $15 billion company known primarily for music-streaming is now seeking to monetize through something not really related to music-streaming.
Moreover, having already open sourced Backstage, and created a fairly active community of contributors that have developed plugins for others to use, why not continue to foster that goodwill by simply giving away these new plugins for free? It all comes down to one simple fact: Developing robust and feature-rich software costs money, regardless of whether it’s proprietary or open source.
Indeed, just like how Kubernetes is supported by a host of big technology companies via their membership of the CNCF, Spotify has sought similar support for Backstage by donating the core project to the CNCF. But value-added services that will help drive adoption still require resources and direct investment, which is what Spotify is looking to fund through a subscription plugin bundle.
“Now it’s just a question of us being able to continue to fund that open source ecosystem, [and] like most large open source projects have, there’s some funding mechanism behind them,” Singer said.
In terms of pricing, Spotify said that costs will be dependent on “individual customer parameters” such as usage and capacity, and will be charged annually on a per-developer basis. In other words, costs will vary, but for a company with hundreds of developers, we’re probably looking at a spend in the thousands to tens-of-thousands region. So this could feasibly net Spotify revenue that falls into the millions of dollars each year, though it will likely be a drop in the ocean compared to the $10 billion-plus it makes through selling access to music.
If nothing else, Backstage serves as a reminder that Spotify sees itself not purely as a music-streaming company, but a technology company too. And similar to how Amazon created a gargantuan cloud business off the back of a technology that it built initially to power its own internal operations, Spotify is looking to see what kind of traction it can gain as a developer tools company — or something to that effect.
It’s certainly a question worth pondering: Does all this mean that Spotify is going all-out to become some sort of dev tools company? And can we expect to see more premium plugins arrive in the future?
“Who knows what’s gonna happen in the future — I don’t think you’ll see it in the next year; we’ll see how it goes,” Singer said. “We think that we have a bit to learn right now in terms of how this fits in the market. I do expect that you’ll see more from us in the future though.”
Spotify’s five new premium plugins are officially available as part of an open beta program today.
Multiple Document Interface (MDI) is a Microsoft Windows programming interface for creating an application that enables users to work with multiple documents simultaneously. Each document is in a separate space with its own controls for scrolling.
MDI enables users to boost productivity by opening more than one file at once. For example, when opening an Excel spreadsheet, they may be able to open another file, such as a Word document.
The user can see and work with different documents, such as a spreadsheet, a text document or a drawing space, by simply moving the cursor from one space to another. This feature enables users to work simultaneously on different documents without having to close out of one application before starting up another.
Each document is displayed within a separate child window within the client area. MDI applications can be used for a variety of purposes. An MDI example is working on one document while referring to another, viewing different presentations of the same information, viewing numerous websites simultaneously and performing any task requiring various reference points and work areas simultaneously.
An MDI application is like the Windows desktop interface with multiple viewing spaces. However, the MDI viewing spaces are confined to the application’s window or client area. MDI is useful because it saves time and reduces errors.
Single Document Interface (SDI) and MDI differ significantly. The former enables users to view only one window at a time. While MDI, on the other hand, enables users to see all windows at once.
MDI enables users to open more than one file at once. It was developed to enable people working with large amounts of data to easily view several documents simultaneously. The main advantage of MDI is that it makes it easier to manage files because they can be viewed side by side. For example, comparing two versions of the same spreadsheet is often helpful when working with multiple spreadsheets. With MDI, this becomes much simpler.
Another benefit of MDI is that users can quickly switch between documents without having to close them first. In addition, MDI reduces the amount of screen clutter and improves readability.
Without an MDI frame window, floating toolbars from one application can clutter the workspace, potentially confusing users with a messy interface. It can be tricky to utilize multiple screens on desktops as the parent window might require stretching across two or more screens, hiding sections.
MDI can also make it increasingly challenging to work with several applications simultaneously. This is because there may be restrictions on how windows from multiple applications are arranged together without obscuring each other.
MDI child windows sometimes behave differently from SDI applications, and MDI parent windows behave more like a desktop. It can quickly become confusing whenever this is the case, and users have to learn two subtly different windowing concepts.
Typically, windows that belong to an application are grouped together automatically and according to preestablished policies. However, this can potentially make MDI redundant. Furthermore, hot keys and controls that users learn to use in an MDI application won’t apply to other applications. In contrast, in an advanced Windows manager, behaviors and user preferences can be shared across client applications running on the same system.
Explore the differences between Windows 11 and Windows 10, and check out helpful management tips for new Office 365/Microsoft 365 admins.
Voice or speaker recognition is the ability of a machine or program to receive and interpret dictation or to understand and perform spoken commands.
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Heartbleed was a vulnerability in some implementations of OpenSSL, an open source cryptographic library.
Risk management is the process of identifying, assessing and controlling threats to an organization’s capital and earnings.
An enterprise project management office (EPMO) is a department within an organization charged with setting priorities, standards …
A soft skill is a personal attribute that supports situational awareness and enhances an individual’s ability to get a job done.
Emotional intelligence (EI) is the area of cognitive ability that facilitates interpersonal behavior.
Team collaboration is a communication and project management approach that emphasizes teamwork, innovative thinking and equal …
Employee self-service (ESS) is a widely used human resources technology that enables employees to perform many job-related …
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A chief customer officer, or customer experience officer, is responsible for customer research, communicating with company …
Relationship marketing is a facet of customer relationship management (CRM) that focuses on customer loyalty and long-term …
Voice or speaker recognition is the ability of a machine or program to receive and interpret dictation or to understand and …
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Leaders from Merck, Synergis Software, and IPS-Integrated Project Services present Merck’s implementation of Synergis Adept to achieve validation for cGMP requirements
Engineering Document Management for Simplified Compliance & System Validation (Graphic: Business Wire)
Engineering Document Management for Simplified Compliance & System Validation (Graphic: Business Wire)
QUAKERTOWN, Pa.–(BUSINESS WIRE)–Synergis Software, a global leader in engineering document management and workflow solutions, today announced they will participate in a collaborative, live panel with leaders from Merck, known as MSD outside of the United States and Canada, and IPS-Integrated Project Services, LLC (hereinafter IPS), a recognized leader in Engineering, Procurement, Construction Management and Validation (EPCMV), to present one of the many ways MSD is leveraging the Synergis Adept platform to simplify compliance and validation across their global facilities.
Attendees will learn how engineering document management delivers centralized access and control of GxP documents and CAD drawings in a secure, collaborative environment to improve quality processes and simplify compliance and system validation for FDA 21-CFR Part 11 and EMA Volume 4, Annex 11.
Register now for this live 50-minute webinar, hosted by Pharmaceutical-Technology.com, taking place on Wednesday, November 9, 2022, at 8:00am ET and 2:00pm ET. You can get access to the replay here.
The three panelists include:
The presentation will address the top document management concerns that life sciences organizations face in a regulated industry with a focus on MSD’s specific background, challenges, and approach.
Mr. Kastle will also share MSD’s best practices and lessons learned for implementation and user adoption. Mr. Lamond and Mr. Niziolek will share their companies’ roles in supporting MSD’s document management implementation and validation.
Key Learning Objectives:
“In their pursuit of simplified compliance with FDA 21-CFR Part 11 and improved data integrity, traceability, an audit trail, and record retention, MSD turned to Synergis Adept,” says Scott Lamond, vice president of marketing at Synergis Software. “Adept provides a centralized platform for document access, workflow, and control that aligns engineering, maintenance, operations, and construction teams. It empowers life sciences companies to drive standards and reduce the risk of safety and compliance issues.”
Together, Synergis and IPS bring life sciences and biotech companies the best possible solution for engineering document management software coupled with expertise and resources to ensure compliance and validation.
“IPS has developed a deep understanding of the Adept platform and the Synergis implementation process,” says John Niziolek, associate director computer systems validation and data Integrity at IPS. “Our partnership provides every client with a compliant, consistent implementation experience and ensures they benefit from industry leading technology that addresses their regulatory compliance concerns.”
Synergis Adept is used by many of the top life sciences/biotech companies, including Johnson & Johnson, Thermo Fisher Scientific, Bayer, Agilent, Astellas, bioMérieux, Elanco, and many others.
About Synergis Software
Synergis Software, a division of Synergis Technologies, LLC, is a global leader in document management and workflow solutions and is the creator of Synergis Adept software. The Adept suite serves more than 130,000 users across dozens of industries including energy and utilities, life sciences, manufacturing, engineering and construction, and mining. Synergis’ flagship product, Adept, provides fast, centralized access to design and business documents in a secure, collaborative environment. Adept Integrator makes it easy to connect enterprise applications so data and business processes flow seamlessly across the entire IT infrastructure.
Synergis Software was named the customer service leader in the global engineering information management market by analyst firm Frost & Sullivan and ranks in the Top 5 globally by Helpdesk International. Adept has over 30 top placements on software review site, G2, including fastest implementation, highest user adoption, and best support. Founded in 1985, Synergis is privately owned and headquartered in Bucks County, PA.
At Merck, known as MSD outside of the United States and Canada, we are unified around our purpose: We use the power of leading-edge science to save and improve lives around the world. For more than 130 years, we have brought hope to humanity through the development of important medicines and vaccines. We aspire to be the premier research-intensive biopharmaceutical company in the world – and today, we are at the forefront of research to deliver innovative health solutions that advance the prevention and treatment of diseases in people and animals. We foster a diverse and inclusive global workforce and operate responsibly every day to enable a safe, sustainable, and healthy future for all people and communities. For more information, visit www.merck.com and connect with us on Twitter, Facebook, Instagram, YouTube and LinkedIn.
IPS is a global leader in developing innovative business solutions for the biotechnology and pharmaceutical industries. Through operational expertise and industry-leading knowledge, skill, and passion, IPS provides consulting, architecture, engineering, construction management, and compliance services that allow clients to create and manufacture life-impacting products around the world. Headquartered in Blue Bell, PA-USA, IPS has over 3,000 professionals in 46 offices across 17 countries in the Americas, Europe, Asia Pacific, Southeast Asia, Australia, and the Middle East. For further information, please visit www.ipsdb.com.
Vice President of Marketing
Leaders from Merck, Synergis Software, and IPS to present Merck’s implementation of Synergis Adept to achieve validation for cGMP requirements.
Vice President of Marketing
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Xerox Holdings Co. (NYSE:XRX – Get Rating) saw unusually large options trading on Wednesday. Traders purchased 1,689 put options on the stock. This is an increase of approximately 1,369% compared to the average daily volume of 115 put options.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on XRX shares. StockNews.com started coverage on Xerox in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Citigroup dropped their price objective on Xerox from $15.00 to $10.00 and set a “sell” rating for the company in a research note on Wednesday, October 26th. Morgan Stanley dropped their price objective on Xerox from $14.00 to $11.00 and set an “underweight” rating for the company in a research note on Monday, October 17th. Finally, Credit Suisse Group lowered their target price on Xerox from $14.00 to $13.00 and set an “underperform” rating for the company in a research note on Tuesday, October 18th. Four equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $12.00.
Xerox Trading Up 0.8 %
XRX opened at $17.42 on Thursday. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of -2.53 and a beta of 1.72. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.17 and a quick ratio of 0.93. The business has a fifty day moving average price of $15.79 and a 200 day moving average price of $15.78. Xerox has a 12 month low of $11.80 and a 12 month high of $23.25.
Xerox (NYSE:XRX – Get Rating) last announced its quarterly earnings results on Tuesday, October 25th. The information technology services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.18). The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Xerox had a positive return on equity of 2.66% and a negative net margin of 16.10%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. Sell-side analysts expect that Xerox will post 0.75 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Xerox news, Director Hernandez Margarita Palau bought 10,000 shares of the business’s stock in a transaction on Tuesday, November 29th. The stock was bought at an average price of $15.55 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now directly owns 15,500 shares in the company, valued at $241,025. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.
Institutional Trading of Xerox
Institutional investors have recently bought and sold shares of the business. Natixis purchased a new stake in Xerox during the 2nd quarter worth about $858,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Xerox in the 2nd quarter valued at about $346,000. Sigma Planning Corp lifted its holdings in shares of Xerox by 73.3% in the 2nd quarter. Sigma Planning Corp now owns 35,747 shares of the information technology services provider’s stock valued at $531,000 after purchasing an additional 15,115 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Xerox by 39.8% in the 2nd quarter. Captrust Financial Advisors now owns 7,716 shares of the information technology services provider’s stock valued at $117,000 after purchasing an additional 2,195 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Xerox by 7.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 628,316 shares of the information technology services provider’s stock valued at $9,330,000 after purchasing an additional 45,339 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.
Xerox Company Profile
Xerox Holdings Corporation, a workplace technology company, designs, develops, and sells document management systems and solutions in the United States, Europe, Canada, and internationally. It offers workplace solutions, including desktop monochrome, and color and multifunction printers; digital printing presses and light production devices, and solutions; and digital services that leverage workflow automation, personalization and communication software, content management solutions, and digitization services.
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Project management tools come in all different shapes and sizes, and the costs do, too. This can make the process of finding the best value for money difficult to manage. Being the good samaritans we are, we’ve broken it all down to show you how much you can expect to pay.
When deciding on which project management tool to use, functionality should be the driving force of your decision-making. However, we all have differing budgets, and cost is important when selecting project management software. There isn’t a one-price-fits-all model, and each provider sets its own costs, which can make project management software pricing confusing.
To complicate matters further, each of the best project management solutions have their own terms for their plans. What one provider calls Pro, another may name Advanced, making it difficult to ascertain which is offering the best value for money.
For the everyday decision-makers and project managers at your business, the amount of options — and what they cost — may quickly become overwhelming.
Thankfully, we’ve spent time with enough project management tools to learn the market trends when it comes to pricing. By the end of this article, you should have a better understanding of what amount you should be spending on a project management solution — and where to spend your money.
The cost of project management software varies depending on the provider and the type of plan. Single-user plans cost $3.66 per month on average. Small businesses will pay $4.39 per month on average. For medium-sized businesses, the average cost for a plan is $16.88 per month per user. Enterprise plans allow you to negotiate costs with each service.
Companies offer project management packages that vary in cost and features. A basic plan will have less advanced tools, while paid options will come with tools such as Gantt charts and scrum boards as well as provide more security and support.
Though price and terminology tend to differ from one project management tool to another, pricing structure tends to follow the same pattern. While the leading project management software options are all great products, a company’s main objective is to make money.
With that in mind, companies tend to offer multiple plans and payment options. Many of the leading providers start with a free plan, offering basic task management tools to get you hooked on their project management solution, but too little for you to really feel its benefits.
As the number of features grows through their plans, so does the cost. This means those who need an all-singing, all-dancing solution designed for unlimited users end up paying the highest amount.
However, there are ways to drive costs down. For example, committing to annual plans is often cheaper per month than paying on a month-by-month basis.
Also, many providers will be open to negotiating costs depending on the number of users you intend to add to an account. Rather than charging a flat fee for a license, most solutions charge per user. The larger your company is in terms of employees, the more money you can expect to pay.
As we mentioned, it’s not in the interest of the companies behind project management tools to give up too many features at a low cost or free. They want to lure you in by adding a little more with each plan. While we recognize the objective is to make money, most of the leading providers do offer great value.
If you’re sitting with a zero budget, then you’re going to be looking for free plans. Don’t expect much. The number of users you can add to an account will be limited, meaning free plans are best suited for personal use or small teams.
With free plan features, you will be able to access basic task management features like a to-do list and a native calendar. Most project management solutions also offer a kanban board (read how to use a kanban board) or a small amount of storage space for file uploads.
With features, paid plans begin by targeting the serious professional. More advanced boards like Gantt charts (read how to use a Gantt chart) become available and storage space is increased.
Usually, users can expect to see an improvement in customer support, with fast response times and multiple ways to contact a solutions support team — phone, live chat and ticket-based service.
Professional users will begin to see some third-party software integrations, enabling them to use their favorite apps without leaving their selected project management solution. The most affordable paid accounts offer an increase in the possible number of users and the option to create multiple projects simultaneously.
From here, we start to get into premium and enterprise plans, the most expensive within the project management platform pricing structure. Beyond visualizing a project and developing roadmaps for their completion, more key features become available for time tracking, resource management and advanced reporting.
As with other plans, the more you pay, the more users you can add (often unlimited users) and the more storage space is allocated to each user. Several project management solutions also let you add external users, ideal for those working with clients who want you to keep them in the loop at all stages of the project.
Most top-tier plans also allow you to customize your projects, designating which users can access certain tasks and documents, as well as separating projects between teams.
Like we said, a basic plan for individuals tends to be free, and that’s the upside. The downside is if you need more features, you’re going to need to move to paid plans, which often implement a “minimum user” policy that is going to be more than one. This means you’re essentially paying for users who don’t exist.
With that in mind, we’re going to use this section to identify which project management software solutions give you the best tools, without asking for your money.
To do this, we’ve looked at 10 project management software providers in the free category. We won’t rank them all, but rather tell you about the free plans worth your attention.
Again, advanced features won’t be present on free plans. However, for single users without a budget, solid options are available.
ClickUp offers an excellent free version that covers a lot of the criteria one would want to see from a project management tool. The free plan allows you to create an unlimited number of tasks, use kanban boards and comes with sprint management tools for those using scrum management within the Agile methodology. To learn more, check out our full ClickUp review.
Another advantage of ClickUp Free compared to the likes of monday.com, Jira Software and even Asana is that you can add an unlimited number of users. Monday.com limits you to up to five users, Jira allows 10 and Asana is slightly more generous with 15.
For content creators and freelancers, Asana has a great free version as it allows you to create an unlimited number of projects and offers unlimited storage space. However file size is limited to 100MB. That’s fine for photographers, but not videographers.
There’s also a lovely calendar view and a list format of tasks to help you reach deadlines. If you’re interested in Asana, read our full Asana review. While still at it read our ClickUp vs Asana comparison guide.
If you do have a budget, and want a little more usability than the free options, there are some providers that target paid plans for single use, but not many. We rounded most of them up in our best project management tools for freelancers, and below, we’ll compare costs.
Among five of our favorite tools for single users, the average cost of a paid plan is $3.66 per month, or roughly $44 per year.
TickTick offers the best value, pricing its premium plan at $2.33 per month. With that, you’ll get access to calendars (you can integrate third-party calendars, too), to-do lists and some quirky features, like white noise for heightened concentration and a native pomodoro timer to help separate tasks into time slots of 25 minutes.
At the other end of the scale is Trello. Costing $5 per month, it’s the most expensive project management platform in our comparison of pricing for individual use.
Unlike TickTick, there’s no calendar view of tasks, nor are any of the quirky features available. What you can do is create as many kanban boards as you need, implement automations and integrate tools such as Slack and Google Drive (over 200 integrations in total).
With plans intended for small business use, we start to see some of the big players in the project management software space come into the fray. You’ll see more advanced tools for project tracking, giving you more flexibility in the way you approach project planning.
A common thread with many paid plans is users have the ability to create, share and collaborate on documents. Some providers allow you to integrate third-party tools like Google Workspace and Microsoft Office, while others offer their own native document management tool.
You can also expect an increase in the level of support you receive from providers. Anything from telephone support to 24/7 live chat is available, even on the more affordable paid plans.
The average cost for a small business plan is $8.90 per month per user.
Monthly costs are calculated for annual subscriptions. Users paying month-to-month will see higher costs. For small businesses, we analyzed eight services, including our choice for the top project management software, monday.com.
The table below is arranged in order of value.
TeamGantt drives up the average cost per month as its entry-level paid plan costs $19 per month. While it certainly leads the way for Gantt charts, if you don’t use them, you can skip it.
For $10 per month, monday.com offers timeline and Gantt chart views of tasks and projects (it’s the best timeline project management software). Users also gain access to over 200 templates, as well as 20GB of storage space and six months of activity history.
You need a minimum of three users, so the overall entry point cost is $30 per month — that’s cheaper than the Asana plan made for small business, which costs $10.99 per month. Read our monday.com review.
If your small business is process-driven, nTask — the best cheap project management tool — is an excellent choice. You’re going to see similar features in this zone, especially pertaining to views. However, there are some added features, including issue tracking, time tracking and meeting management diaries, at a cost of $8 per month. Read our nTask review.
For the medium-sized business looking to improve project management, there are several options. With plan structures at this point, you’re not necessarily going to see much difference in key features, but you will see an advancement in what you can do with them.
The first significant difference is providers will allow you to add more users — at an extra cost, of course. User limits tend to be revoked on what many providers call the “Business plan,” which will be the same price no matter how many users you add (something we’ll discuss later in the Enterprise section).
On business plans, companies step up the level of security you can access. ClickUp allows Google Single Sign On (SSO), and monday.com lets users log in through a Google account. Trello also lets you limit user access and set permissions on what certains users can do inside your boards and projects.
Looking at the best options for medium-sized businesses, the average cost per user per month is $16.88. Wrike is at the top end, charging $24.80 per month per user, while Trello is the most economical, asking for only $10 per month per user.
Trello is rather limited at this point, though. Larger companies tend to want the most features possible in terms of project views. The best option in this tier is monday.com, which asks for $16 per month per user on its Pro plan, striking the perfect balance between cost and features.
Enterprise plans are the pinnacle of the project management pricing structure. Companies are prepared to roll out the red carpet for users, often promising the best customer support and all the tools the software has to offer.
The good news is your company can often negotiate the price per user. Simply come with more users and you have room to drive the price down. The frustrating news is companies seldom advertise their prices online — likely because of the opportunity to negotiate.
While we can’t provide definitive prices, we’ve had enough conversations with sales teams to know you can expect to pay $30-$40 dollars per user for an enterprise software tool.
These plans target larger organizations. They often come with a minimum user policy that can range between 15-25 users, so you can expect high monthly costs for your business.
Now that we have explored the different structures of pricing and features among project management software plans, you should have a better understanding of how much you can expect to pay and what features you will be able to access.
This article is best used as a guide, but to really dig deep into each service, we encourage you to read the reviews we have included throughout the article.
In terms of choosing a provider, first outline what tools your project managers need. For example, do they need basic task management tools or tools to fulfill more complex projects?
Then calculate a realistic budget in line with your company’s financial means. With the options referenced above, we’re certain you’ll find the right service to improve your project management.
How much do you pay for your project management tool? Which is your favorite service to use? Is there a service offering bargains we should know about? Let us know in the comments. Thanks for reading.
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