Inefficient contract management is draining revenue—costing companies up to 9.2% of annual earnings, according to recent studies. From missed deadlines to buried clauses and unfulfilled obligations, the financial stakes are high.
Among the most overlooked culprits in this revenue drain?
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How Can Surplus Lines Insurers Overcome Operational Challenges?
Underwriting specialty risks is complex by nature—but even more so when those risks fall into the surplus lines category. These insurers operate under a decentralized regulatory framework, requiring state-specific compliance to evaluate non-admitted risks that don’t fit the standard market…
Pain Points of Law Firms and Corporate Legal Departments Today and How the Right Business Process Management (BPM) Partner Can Help
In today’s hypercompetitive legal landscape, law firms and corporate legal departments face an array of challenges that go far beyond providing top-notch legal services. As consumer expectations evolve and technology rapidly reshapes the industry, traditional methods are no longer enough.…
The Evolving Role of Business Process Management (BPM) in the Insurance Industry: Experts’ Perspectives
In today’s volatile business environment, survival means evolving—and nowhere is that truer than in the insurance industry. With fierce competition and shifting market dynamics, insurers are reinventing their processes through innovative Business Process Management (BPM). No longer confined to basic…
Chart of Accounts in Xero – 5 Things You Should Know
A well-organized Chart of Accounts (COA) is the backbone of accurate financial reporting. In Xero, the COA provides a structured list of all accounts, enabling you to record every financial transaction seamlessly. With the software continually evolving, here are five…
8 Cutting-Edge Techniques for an Efficient Medical Record Review Process
In today’s fast-paced legal landscape, medical record review isn’t just a tedious task—it’s a mission-critical step that can make or break your case. Whether you’re preparing for a personal injury trial or a complex medical malpractice litigation, the accuracy, clarity,…
FinTech & Healthcare: How Digital Finance is Revolutionizing Medical Services
Digitalization has reshaped every industry—from banking and retail to manufacturing. While healthcare has long been familiar with technology‐driven equipment for diagnostics, treatment, and record management, its broader digital transformation has been slower. Today, however, as patient expectations rise and efficiency…
Simplify Your Tax Season with Smart Software & Expert Help
Tax season isn’t getting any simpler—but with the right tools, you can file accurately, save time, and even boost your refund. In today’s fast-paced environment, updated fee averages and modern software options are essential.
Updated Tax Preparation Fee Averages
According…
A Quick Guide on Modern Accounting for Insurance Companies
Effective accounting is vital for any business, and insurance companies are no exception. Accurate accounting not only tracks financial transactions but also informs future planning, risk management, and regulatory compliance. With evolving industry standards and technological advancements, insurance firms must…
Four Managerial Accounting Principles Every Business Must Comply With
Key Takeaways:
- Influence: Clear communication breaks down data silos and strengthens decision-making across all levels.
- Relevance: Focus on sourcing and organizing the most pertinent financial and nonfinancial information.
- Value: Rigorously assess opportunities, risks, and the macroeconomic context to drive long-term
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