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What Is Bank Risk Management?

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62% of organizations have experienced a significant risk event within the past three years. Banks face a variety of risks daily related to credit, liquidity, market, and general operations. These risks can be potentially disastrous for banks as well as their stakeholders. Therefore, banks need to manage these potential risks before they result in major financial losses.

Bank Risk Management is defined as preventing and managing potential risks that can impact a bank’s finances and overall operations. Risk Management Systems can help banks collect and track important data related to potential risks. Also, they can analyze and evaluate these risks and perform corrective action against these risks.

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The Main Benefits of Visitor Management

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Managing the number of visitors visiting your business on a day to day basis is a vital aspect of maintaining, evaluating and enhancing your organisation’s overall productivity rate.

However, the use of manual data collection methods such as guest books and physical data entry systems is time-consuming, prone to potential inaccuracies, and lacks the effective data security protection that visitor management software can provide.

Visitor management is a system that helps organisations keep records of people who visit their site. It is used to protect the workplace and the employees from unprecedented interactions with customers. It also helps enhance the customer experience. Studies have shown that 76% of respondents reported that visitor management software improved their overall visitor feedback. Read more

Why Is Low-Code Good?

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The rise of low-code application development platforms means that businesses can now produce enterprise applications much faster and more efficiently than ever before. In fact, according to Redhat, low-code software solutions have the potential to reduce overall application development time by 90%.

However, there seem to be many misconceptions about the speed and agility of low-code application development platforms. In the article, ‘What’s Wrong With Low Code Platforms’ several issues are raised concerning low-code solutions. Here we will try to address and eradicate the concerns stated in this article. Read more

How Do You Choose a Smart School Management System?

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Smart school management systems are a specific type of ERP (enterprise resource planning) tool with various features and tools that can help assist a school’s day to day administrative and educational tasks.

Cloud-based smart school management systems can help facilitate open and effective communication of academic and administrative data. This can further help improve the overall productivity of institutional administrators, teachers and students. Additionally, it also helps your educational institution collect and organise more analytical student data. And in the end, you can provide a better overall learning experience in your smart school.

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What is a DPO?

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Information is both a shield and a weapon for a business. Organisations worldwide spend millions of dollars to invest in protective services to safeguard their data from data corruption, compromise and loss. 92% of consumers stated that businesses must be proactive in protecting their data. Data security is not only crucial for organisations but also the customers. Mostly, it is the customer data that is at stake. Clients will hence not do business with a company unless they are confident that their data is protected.

A DPO (data protection officer) is an organisational security leadership position responsible for overseeing an enterprise’s comprehensive data protection strategy and implementation procedure. According to the latest GDPR statistics, the need for DPOs has risen by over 700% in recent years and is only expected to increase further. Data protection officers play a vital role in an organisation’s structure by monitoring, automating, and regulating a business’s overall data security state. Read more

What Are The 4 Most Fascinating Predictions For Low-Code?

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An epitome of modern advancement, the low-code technology has empowered several businesses and individuals to devise apps, websites and software that they would otherwise not be able to create. The widely accessible software-creation solution has changed the paradigm of digital advancement that otherwise only tilted in favour of trained software developers and hard coders.

With its growing lucrative benefits, the low-code market keeps expanding with no end in sight. Hence, it is no wonder that the low-code software industry is estimated to be worth over $27 billion by the year 2022. Because of the recently-erupted limitations in the business sector, low-code application development has become an increasing priority for most companies. The acceptance for low code software is only expected to increase further and more rapidly over the years to come. Read more

Corteza Releases 2020.09 Stability Patches

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Today a new Corteza version has been released. In this minor release there are patches that improve stability and security. Crust, the driving force behind the Corteza Project, is the principal contributor of this release.

Corteza version 2020.09.4 includes:

  • Improved boolean field type value handling
  • Record list prefilter is now properly applied when exporting
  • RTE field now properly triggers the required flag when empty
  • Prevent possible double record submit when double-clicking the ‘Save’ button
  • Closed a potential SQL injection attack vector

To upgrade your Corteza instance to this latest version, please check out the Corteza documentation.

Later this month Corteza 2020.12 is expected to be releases, bringing many new features and updates. So, keep an eye out on upcoming posts!

 

What is Finance Management Software?

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In this smart, agile, and tech-savvy world, there’s hardly any sector left that hasn’t got the magic touch of technology. With every new day, we see one or the other field that has made significant advancement with the help of technology and its excellent tools.

Are the finances of your organization automated?

Has your organization taken a step ahead with modern technology or still wasting your time with pen and paper in wealth management?

If not, then perhaps your organization needs a helping hand for the efficient management of your finances and gaining customers’ trust. Let’s see how finance management software can be just the perfect solution for you. Read more