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Importance Of Cash Flow Management

Cash flow management is the most important aspect of every business. A healthy cash flow ensures that the business can pay salaries on time and have funds for the growth and expansion of the business. Resources are also available for paying vendor bills and taxes on time. Regular analysis of business finances ensures that one can project the future cash flow with accuracy and take necessary action.

Following up on client payments and managing the accounts receivables effectively, ensures the timely flow of cash, as required by the business.

Notable Facts: Poor cash flow management may lead to business failure.
Cash flow management is the most important aspect of every business. A healthy cash flow ensures that the business can pay salaries on time and have funds for the growth and expansion of the business. Resources are also available for paying vendor bills and taxes on time. Regular analysis of business finances ensures that one can project the future cash flow with accuracy and take necessary action.
Following up on client payments and managing the accounts receivables effectively, ensures the timely flow of cash, as required by the business.

Notable Facts: Poor cash flow management may lead to business failure.


4 Rules of Cash Flow -


1. Growth sucks up cash 
Growth costs cash. It's a matter of working capital. The faster you grow, the more financing you need.

2. Have a cash flow projection 
What do you expect your cash balance to be 6 months from now? This one question will transform the way you understand your business.

3. Understand receivables
The money client and customers owe you is called "Accounts Receivables". And every dollar in accounts receivables is a dollar less cash available for the business.

4. Cash is King
Cash keeps a business alive. No cash = No business.


Traditional options for increasing cash flow


1. Credit cards - High intereset rates and fees for mismanagement make credit cards a dangerous option.

2. Bank Loans - Extremely low approval rates, along with hidden fees and personal gurantees, makes bank a time sucking, low-probability option.

3. Equity - Requires giving up of ownership, a percentage of profits and partial control of the company and the decision making process.

  When cash flow is freed up?

1. The constant worry about paying bills is eliminited. 
2. Relationships with vendors are improved.
3. And most importantly, business owners are now able to focus on running and growing a successful entreprise.

Above All:

Cash flow management depends upon financing and not on measuring profits. The positive result of operating activities reflects the company’s operational performance.

Measure the essential cash flow rates that help in the effective decision-making process undertaken at the small and medium-sized enterprises. The company needs to have enough cash on hand to float its operations for the duration of the collection period. Because when the business goes out of cash, operations will simply cease.

What Invoicera offers you?

Using an online invoicing solution is the key to managing business finances more effectively.  The solution provides features like late fees and automatic payment reminders for getting timely payments from clients.  With Invoicera, one gets to receive online payments from multiple payment gateways helping clients to pay faster and reduce the quote-to-cash cycle.

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Also, the contactless solution provided by the company has raised the demand for the level sensor in the market.
Drive your food business forward with a Deliveroo Clone app
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LED Advertising Board - Networld Trading!
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What COVID-19 Impacted on Cleaning Robot in Semiconductors & Electronics Industry ?
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How To Avoid Business Failure in Any Crisis?
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How COVID-19 Impacted on Intelligent Vending Machines ?
COVID-19 Impact on Intelligent Vending Machines in Semiconductors and Electronics Industry The pandemic begins with its epicenter in China in 2019 and has been continuously spreading by then to all over the globe, so far 216 countries and territories have been affected with COVID-19. The COVID-19 cases reaching to various countries which have strong dominance in the worldwide market and have adversely affected the economic growth globally. The spread of coronavirus has led to severe disruption such as global recession, many organizations are being forced to take stringent actions as lying of their employees and staffs, small and medium business is being shut down, and manufacturing & production facilities are being put on hold for a longer period. However, apart from this, the demand for food and beverages witnessed huge growth but this has increased the shortage of supply chain due to the panic buying from the populations. Similarly, the demand for the pharmaceuticals, chemical, and healthcare industry also increased as new solutions and medicines are getting introduced for taking preventive measures. There has been a disruption in the supply chain of many industries due to restrictions in logistics and the closing of manufacturing facilities. In addition, the slowdown in the economy has lowered the spending capability of individuals and people are saving money for emergencies. The intelligent vending machines are controlled by a computer and backed by a cloud-based management system. The cloud allows for live inventory monitoring and sales data that was previously unavailable or extremely delayed. Vending machines have evolved into a new class of automated retails kiosks with the use of modern technology. The range of products that can be dispensed by these machines is unbelievable. A custom vending machine can also be created that can be customized to the products that are dispensed. AFTERMATH STRATEGIES FOR INTELLIGENT VENDING MACHINES MARKET AND GOVERNMENT ROLE The COVID-19 pandemic was not predicted by any government to be ready for. The pandemic resulted in many changes brought by the government to the usual norms of operations for multiple industries around the world. The pandemic affected the market and consumer behavior, this created volatility in the economy. Smart vending machines are the next evolution of retail because they allow the business to reach customers in new locations and new ways. They also serve customers with ease and efficiency by only displaying what selections are in stock. For instance, § Vending machines of Azkoyen will be installed in the new AVLO trains, the low-cost high-speed train. These vending machines will provide drinks and snacks to more than 400 Avlo passengers with their automation. 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Strategic decisions such as mergers & acquisitions and technological innovations are helping market players to regain their share. The companies are converting their intelligent vending machines into unmanned retailers with limited space and this strategic decision will help the companies to boost their sales as these kinds of vending machines are capable of dispensing any goods irrespective of their size and shape. The integration of IoT in vending machines will help companies to increase their sales. DEVELOP NEW SOLUTION The Intelligent vending machines will need to be staffed differently to cater 24*7 to provide service. The companies are developing new solutions by strategic partnership and collaboration. OFFER NEW SERVICES TO MANAGE THE INTELLIGENT VENDING MACHINES SOFTWARE The companies are trying to offer new services to the customers with the help of new strategies and opportunities and also due to recent development in vending machine products and services. By maximizing the operational opportunities to minimize the cost, the companies are investing in R&D to improve their services. The use of vending machines allows businesses to operate 24 hours a day 7 days a week. OTHER GROWTH OPPORTUNITIES FOR MARKET PLAYERS TO PURSUE IN 2020 The vending machines and micro-markets leave a space for a solution that has significant potential growth. This type of machine will include a full micro market with a reasonably large number of SKUs. Several North American and European operators are offering such solutions. IMPACT ON PRICE The lockdown imposed by the government of the countries had adversely impacted the prices of the intelligent vending machines services due to the implementation of remote working. The prices of the services have been increased as the software has been shifted to the cloud which has resulted in increasing physicals security. The prices of the vending machines have been increased as now the traditional vending machines have been replaced by automated vending machines which incurred high cost and ultimately affect prices. A vending machine is a retailer with limited space and such engineering requires high cost which will increase the prices of the intelligent vending machines. IMPACT ON DEMAND The pandemic has caused a decrease in demand for vending machines. With the fast converting life of the population and digitalization in vending machines such as IoT, the companies are under the transformation of their products such as cashless payments and safe products delivery which will eventually help in increasing demand. The COVID-19 has impacted the demand for the vending machines as the employees started working from home. 80% of the vending machines were majorly located at offices and workplaces which are closed and ultimately causing a failing economic activity. The healthcare industry has not seen a much decline in vending machines as they are essential for healthcare personnel. The overall COVID-19 has impacted the demand for vending machines negatively. For instance, · The Azkoyen Group, a leading Spanish technology offers automated vending machines has received an award. The award is regarding the best vending machine supplier and has great technology of automation. IMPACT ON SUPPLY CHAIN The COVID-19 pandemic has affected the market but the services are now shifted towards cloud platform which is very easy and flexible to use. These cloud platform services also save the cost of the companies as they are paying as you use services but this has increased intelligent vending machines and services. The COVID-19 has also affected the supply chain of intelligent vending machines which results in the loss of the industry. Due to lockdown imposed by the states and taking into consideration the safety, the installation of the intelligent vending machines was on hold as the supply chain was hampered. The cost of supplying machines and their spare parts were also increases which ultimately increases the prices of intelligent vending machines. CONCLUSION The micro-markets are not only for traditional vending machine operators. By the nature of operations and data management, the micro-market can be an ideal solution for retailers wishing to expand beyond the store and allow customers 24/7 availability of the products. The digitized systems, equipped with a large number of sensors and available data will become a rich source of data to be analyzed for the stakeholders which will help in finding trends and growth. The different innovations in vending machines such as the integration of IoT which supports cashless payments, safe delivery are the market opportunities. Companies are now simplifying convenience by using such technological innovations. The market is now moving towards unmanned retail stores due to pandemics which can be a great opportunity for the vending machine market as they can deliver goods and any packaging units. The growth of the market will be slow after the pandemic but it will surely rise and will gain popularity.
Revolutionize the market with a well-crafted Clubhouse Clone app
The clubhouse is taking over other popular social media apps like Facebook and Instagram. We are not aware that audio-based social media apps will gain so much popularity among internet users. Yes, the undeniable fact is that Clubhouse has gained immense popularity soon after its inception in the market. Increasing demands fueled the advent of an app like Clubhouse: A glance Clubhouse allows people to create & join groups and converse about various topics. It is an audio-based platform that does not allow users to share images or upload text-based posts. This unique business model of Clubhouse gets noticeable among a wide range of users. It has more than 2 million active users and is valued at $1 billion. The number of app downloads increased amidst the pandemic crisis. Even after the end of the pandemic, the craze for audio-based apps will never go out of trend as people are used to it. This implies that the users are paying larger attention to an audio social media app like Clubhouse. Moreover, there is no fall in launching social media apps and entering the flourishing industry. This is why entrepreneurs wish to launch a similar launch. Change the face of business with your app While Clubhouse being the pioneer of audio-based social media apps, other many popular social media platforms like Facebook, Twitter, and many others. Why can’t you take a chance to launch such a kind of social media app? Yes, it is high time! The common saying goes, “the early bird gets the worm,” be early as possible to launch the social audio app and reap success. Why wait? Launch a Clubhouse Clone app! Do you have a plan to launch a social audio app like Clubhouse? Utilize a Clubhouse Clone Script, a pre-built social audio chat app solution, facilitating you to launch your app right away. To proceed, you have to approach a Clubhouse Clone app development company and get your app crafted. Points to remember while creating your Clubhouse Clone app Before you get started, conduct market analysis and perform in-depth research of your competitors. This will aid you in drafting a successful business plan. After that, you have to be sure that the app will be packed with the necessary features and an intuitive user interface. This is for users' convenience. The inclusion of push notifications is requisite as it will increase user engagement. Keep an eye on your app and keep on updating it according to the changing users’ demands. Make sure to have unique selling points for your points in order to stand out amongst the crowd. Last but not least, it is indispensable to choose the right app development company to craft the Clubhouse like app that fits your business needs. Wrap up In a nutshell, investing in the Clubhouse Clone app development is a smart move. It is your turn to reinvent a business by launching a well-crafted app with the inclusion of salient features.
Solana NFT Development - Launch NFT Marketplace on Solana
NFT Marketplace on Solana The increasing number of NFT adoption in this digital world boosts traffic on NFT Marketplaces, causing network congestion and more transaction fees. In order to alleviate these shortcomings, new blockchain networks are being created. Solana is one such blockchain network that enables quick transactions with less gas fee due to its unique consensus algorithm. NFT Marketplaces serve as a central platform, and this NFT MarketPlace on Solana speeds up transactions while keeping gas costs down. If you're perplexed by the development of a Solana-based NFT marketplace, you're not alone, you've arrived at the right location. Solana NFT Marketplace Development The huge trend of non-fungible tokens has necessitated the creation of a digital environment to facilitate their exchange. NFT marketplace platforms dedicated to launching and trading NFTs offer a beneficial experience for both makers and takers. Maticz is a top-rated NFT Marketplace Development Company that offers premium Solana NFT marketplace development services to help you to launch your own NFT marketplace platform that gives a seamless user experience and helps you to stand out from the competitors. Our Solana NFT marketplace platforms come with a robust trading engine, storefront, advanced searching filters, and so forth. Solana NFT Development Nearly every business industry has been impressed by NFTs, which have experienced tremendous growth and rewards in terms of profits and revenues. Maticz the pioneers in NFT development Services on Solana can assist you in creating NFTs for works of art, digital collectibles, gaming, sports, music, movies, the metaverse, and more. Our end-to-end NFT solution includes trustworthy security and cutting-edge innovation, that provides small and large enterprises a new set of advantages they've never had before. Benefits of Solana NFT Marketplace 1. Solana NFT Marketplaces satisfies the blockchain trilemma with a fully decentralized, scalable, and secure. 2. It removes central authority so that it does not restrict the user's transactions in any way. 3. The Lucrative Solana NFT Marketplace allows users to stake their NFT digital assets and generates a handful of profits. 4. Solana is 3500 times quicker than Ethereum and 10,000 times faster than Bitcoin in terms of transaction speed. Contact Us for Solana NFT Development >>>
Riveting Productivity & Time Tracking Tools
Employees and managers use productivity & time tracking tools to keep track of working hours for payroll, billing, and other activities. These tools allow the enterprises to estimate budgets, better productivity and ensure transparency and accuracy by notifying them about time-consuming and costly tasks through the dashboards. There is a steep rise in employee productivity monitoring software tools, especially during the COVID-19 outbreak when companies need to oversee better and evaluate the remote workforce. Market Growth As per Introspective Market Research, the global time tracking software market is expected to reach USD 1785.36 billion by 2026 from USD 425.32 billion in 2019, at a CAGR of 22.36%. Need of Employee Time tracking software Many companies are still using conventional paper timesheets for time tracking, due to which buddy punching and time theft are major concerns in such organizations. Almost 75–80% of businesses are affected by time theft, due to which companies are shifting towards the online automatic time tracker app and tools. As per statistics, on average, employees spend nearly 2 hours per day overcoming distractions at work, and approximately 90% admit to wasting the time of an organization. Time tracking tools remove the risks of time theft and buddy punching, thus contributing to better employee productivity and enhancing employee performance and engagement. But it is not a simple task to select the best tracking tool from the different tools available in the market. Check the complete list below - 1. WorkStatus WorkStatus is an online time tracking tool that provides an excellent medium for individuals and organizations to enhance employees’ productivity. It majorly focuses on delivering reliable & secure solutions that enable customers to focus on their core business objectives. Let’s have a look at some of its features below- · It gives you AI-powered time tracking with online timesheets · Track real-time progress with employee monitoring software · It allows you to create Geofences with a GPS time tracker · It enables you to define budgets with project budgeting 2. Hubstaff Hubstaff is another excellent productivity monitoring and control tool designed to improve time management for staff. It has dedicated web, mobile, and desktop apps that can be used to monitor invoicing, appraisals, and attendance via a single platform. Let’s have a look at some of its features below- · It has a compliance management module · It shows the browsing history of employees · Idle time monitoring & activity tracking · Automatic time capture 3. Time Doctor Time Doctor is a perfect application for hybrid work models and distributed teams. It can be easily deployed through cloud, desktop, and mobile apps. It comes with a robust support team that gives live training via documentation and videos. In this way, it helps companies to boost their productivity. Let’s find its unique features below- · Calendar management & browsing history · Invoicing & billing management module · It allows you to manage billable & non-billable hours · Automated time capture Conclusion We are now on the same platform to understand that time management tools at work can effectively boost a team’s overall productivity and streamline the payroll process. It is now self-explanatory to realize the worth of productivity monitoring tool and the need to implement the same in businesses and organizations. Sign up for the online time tracking software here. Read More : 8 Riveting Productivity & Time Tracking Tools
Giới Thiệu Về Siemens Industry Mall
SIEMENSIMlà từ viết tắt của cụm từ tiếng anh “SIEMENS INDUSTRY MALL” – được chúng tôi tạm dịch là “TRUNG TÂM MUA SẮM SẢN PHẨM CÔNG NGHIỆP HÃNG SIEMENS“. Qua tên gọi đã thể hiện được siemensim.com là đơn vị cung cấp các giải pháp, dịch vụ và sản phẩm công nghiệp mang thương hiệu của hãng Siemens. Ngoài ra, siemensim.com còn được biết đến từ các quý khách hàng với nhiều tên gọi khác trên thị trường như: đại diện / đại lý / nhà cung cấp / nhà phân phối chính thức Siemens tại Việt Nam. 1. Điều khiển công nghiệp Cung cấp các thiết bị điều khiển công nghiệp có phạm vi lựa chọn siêu rộng nhằm đáp ứng được hầu hết các quy mô, mức độ điều khiển trong các máy móc, dây chuyền, hệ thống ở các nhà máy và các khu công nghiệp. Các hệ thống điều khiển điển hình như: LOGO! Logic Module, SIMATIC S7-1200, SIMATIC S7-1500, SIMATIC S7-300, SIMATIC S7-400, SIMATIC ET 200SP, SIMATIC ET 200S, SIMATIC ET 200Pro. Ngoài ra, còn có các thiết bị điều khiển chuyên dụng khác dành cho các hệ thống: HVAC, BMS, EMS, DCS. PCS, MES, .v.v. 2. Truyền thông công nghiệp Cung cấp các thiết bị mạng công nghiệp, mạng truyền thông công nghiệp (IIoT): thiết bị chuyển mạch công nghiệp (Industrial Ethernet Switch), bộ định tuyến công nghiệp (Industrial Router), bộ phát sóng không dây công nghiệp, bộ chuyển đổi giao thức công nghiệp (Industrial Gateway), bộ chuyển đổi đa phương tiện công nghiệp (Industrial Media Converter), serial device server, injector, .v.v. 3. Bộ nguồn công nghiệp Cung cấp các bộ chuyển đổi nguồn công nghiệp với điện áp đầu vào 1 Pha (100-240 VAC) / 3 Pha (400-500 VAC) / DC (110-300 VDC, 14-60 VDC) sang điện áp đầu ra: 5 VDC / 12 VDC / 15 VDC / 24 VDC / 36 VDC / 48 VDC với cường độ dòng điện đầu ra: 0.6 A / 1.3 A / 2 A / 2.1 A / 2.5 A / 3 A / 3.1 A / 3.5 A / 3.7 A / 4 A / 4.1 A / 5 A / 6.5 A / 7 A / 8 A / 8.3 A / 10 A / 12 A / 13 A / 14 A / 20 A / 40 A / .v.v. 4. Máy tính công nghiệp Cung cấp các loại máy tính công nghiệp như: máy tính công nghiệp lắp tủ rack (Rack PC); máy tính công nghiệp để bàn, lắp tủ điều khiển, nhỏ gọn (Box PC); máy tính công nghiệp tích hợp màn hình cảm ứng (Panel PC) / máy tính công nghiệp All-in-One; máy tính công nghiệp mini, máy tính nhúng công nghiệp không quạt. Có sẵn: máy tính bảng công nghiệp; laptop công nghiệp và các tùy chọn màn hình máy tính công nghiệp. 5. Màn hình công nghiệp Cung cấp các loại màn hình công nghiệp như: màn hình điều khiển và giám sát trực tiếp giữ người và máy (màn hình HMI), màn hình phắng công nghiệp (màn hình IFP), màn hình mỏng công nghiệp cho các ứng dụng máy khách (màn hình ITC) với đầy đủ các phiên bản (không cảm ứng, cảm ứng đơn điểm, cảm ứng đa điểm). 6. Phần mềm công nghiệp Cung cấp các loại phần mềm công nghiệp như: phần mềm lập trình và cấu hình; phần mềm vận hành và giám sát; phần mềm quản lý và theo dõi; phần mềm thu thập và xử lý dữ liệu, phần mềm mô phỏng, phần mềm thiết kế, phần mềm sản xuất, .v.v. Một số phần mềm tiêu biểu như: phần mềm SCADA, phần mềm STEP 7, phần mềm WinCC (WinCC Basic, WinCC Comfort, WinCC Unified, WinCC Advanced, WinCC Professional, WinCC Unified Runtime, WinCC Runtime Advanced, WinCC Runtime Professional, .v.v.). SIEMENSIM.COM là đơn vị cung cấp các giải pháp, dịch vụ và sản phẩm công nghiệp mang thương hiệu Siemens. Ngoài ra, chúng tôi còn được biết đến với nhiều tên gọi khác trên thị trường như: đại diện / đại lý / nhà cung cấp / nhà phân phối chính thức của Siemens tại Việt Nam. Địa chỉ: Tầng 7, Toà nhà văn phòng T14 Khu Đô Thị Vinhomes, 458 Minh Khai, Khu đô thị Times City, Hai Bà Trưng, Hà Nội 100000 Tel: +84 395595133 Email: siemens@siemensim.com Website: www.siemensim.com
Difference Between Invoice And Credit Memo
Some daily business activities and transactions include common terminologies that might get a little confusing and bounce over your head. But, the initial confusion should not stop or hamper your work. Do not Worry! none of these terminologies are tricky as solutions in chemistry labs. Having a clear understanding of such business day to day terms and their usage is important for its fundamental growth. A deeper understanding of major difference between an invoice and a credit memo has been listed down here. It will help you have a clearer vision about the terms and their practical usage in the business. What is an Invoice? An invoice is an itemized list of entries for which a company has to make payments to its suppliers, vendors or service providers. The Account Receivable Account Payable Department receives invoices from the suppliers or vendors and scrutinizes it before processing it for payment. In most of the cases, company issues Purchase Orders to its vendors, requesting the items to be supplied to them. The Accounts Payable Department matches the items listed on the Purchase Order with that of the Invoice and also verifies that the items are received by them to clear the invoice for the payment. What is a Credit Memo or Credit Note? For the items returned by a company to its vendor, the vendor needs to issue a credit memo for the returned items. A credit memo is issued when the client has paid advance payments to the vendors. This would ensure that the vendor has been informed about the discrepancy in supplying the goods and agrees to the credit memo to the customer for the items not supplied exactly that were asked through the Purchase Order. So, what is the role of this note and how it represents invoice vs credit memo? Manage Accounts Payable of a company using both the invoice and the credit note for the payment processing. It deducts the amount of the credit memo from that of the invoice and clears the payment for the vendor. When is customer credit memo is issued? There could be specific circumstances when you feel the need to issue a credit memo to your customer. Some common instances could be, as followed: 1. When you need to cancel an issued invoice fully or partially. 2. You are seeking a partial credit for the wrong items supplied. 3. The goods have already been purchased earlier and you want to request a refund for the goods returned to the vendor. How to issue a credit note? Issuing this note is not a daunting task, whether you want to issue it manually or you are using any Accounts Payable Software. You need to select the Invoice and the Credit Note to be reconciled. Then, choose the amount to reconcile as the value therein the credit note. When you apply the change, the reconciliation will be affected with a reduced invoice amount after deducting the amount in the credit note. CONCLUSION The difficulties of terms don’t make the task difficult for you as the sole owner or small business. It is something that can be done easily and professionally. Invoicera an online invoicing software easily help you to create professional-looking invoices, credit notes and other memos with ease of a few clicks. Read the full blog here (Source) : Difference Between Invoice And Credit Memo
Effective Task Management Strategies For Higher Productivity
Are you struggling to discover effective task management strategies? Do you think finding them is a hard nut to crack? The answer is No! Managing your tasks is not rocket science.  Following a few simple tips can bring you the desired outcomes. But what are they? This blog is going to focus on the same. So, without wasting any time further, let’s jump to some of the core task management strategies you may follow for better results. Effective Task Management Hacks 1. Prioritize your Tasks Reasonably, not everything available on your to-do list requires it to be done immediately. Yes, a few great concepts can assist you in taking your game to another level. Nevertheless, it is necessary to authenticate what is relevant in a particular situation. Know the strengths & flaws of your projects with the possibilities and warnings it is encountering. As soon as you are clear with what intends, you can determine the tasks’ significance properly. 2. Manage Change Being open to innovation is essential but understanding the how-to is equally crucial. Several times, you are incapable of driving the change for a particular project or approach. With the scrum approach, you can open and maintain the transformation effortlessly via regular scrum meetings. The standard scrum provides you with a chance not just to summarise the things being completed but even the hurdles they may encounter. 3. Collaborate Regularly Being a project manager, it is imperative to have an apparent task management strength in front of your colleagues. Communicate with your team regularly, question them regarding the project or task update, ask what irritates them the most in their ongoing task management approach, and utilize their review to properly organize your tasks.  Productive collaboration is more crucial when you are running a digital project workforce. It can be somewhat tricky at first; however, there are lots of remote team collaboration apps and tools that make communication effortless than ever before.  WorkStatus is one of the popular tools that you can use for effective team collaboration. 4. Focus on Transparent Communications   As per Gallup-disengaged employees cost American Businesses around $450B to $550B yearly. This number shows the significance of interaction for teams and businesses, and even explains why it is the most critical task management tactic. As an administrator, you need to smoothen your team’s communication attempts to such a degree that it becomes easy.  One of the most reliable means to accomplish this is by building communication ways that guarantee a free movement of data so that anyone can ask questions, simplify doubts, and so on without any hesitation. 5. Develop an Effective Filing System Handling tasks and projects involve much paperwork. Tons of records are built and altered when you are operating on a particular job in a project. This can be changed effortlessly into a task management blunder if you do not have a decent filing system. If you desire to plan your tasks, assure that every document and essential data related to a project are stored in a single place.  6. Perform the Difficult Task First  As we all are individuals, it’s perfectly normal to feel worried while handling complex and challenging jobs. In most scenarios, we make all efforts to dodge tricky tasks or in different words – we favour keeping the most challenging task for the end. This method might store some sweat, but we will need to tackle the challenging tasks someday, correct?  So, cannot we complete them in the beginning? Just consider all the concepts that come to your brain when you possess a difficult job and study how credible or motivated you will feel after accomplishing them. Summary Practising all the time management strategies, as mentioned above, will aid you to suitably organize your workday. After only some days you will discern that: 1. Your productivity has increased. 2. It’s simpler for you to do jobs you’ve been assigned with. 3. You will feel like you have more time. 4. The work-associated pressure has dropped significantly Moreover, you can use an expert tool, like WorkStatus, to attain higher and effective results.  Being introduced by a team of experienced developers, this task management tool is packed with multiple features. Here are a few of its advanced features:  1. Time tracking,  2. Screenshot capturing,  3. Managing tasks 4. Project budgeting for tracking milestones 5. Productivity monitoring 6. Detailed timesheets & timecard reports for analysis 7. Daily activity track with GPS and Geofence tracking What makes it the first of startups, SMEs, and Enterprises is that it is designed for businesses of different niches. Not only this, you can even track the location of your employees via an integrated GPS tracking facility.  SOURCE : 9 Effective Task Management Strategies For Higher Productivity