Insights provides CEOs and business executives with best practices, advice and strategies for how to better manage your companies. Through interviews with industry experts, you will learn the latest trends and developments on a wide range of topics, including Accounting & Tax, Banking & Finance, Health & Wellness and Law & Risk Management. Insights is brought to you by the editors of Smart Business, which has interviewed more than 20,000 CEOs and thought leaders over the past 30 years.
The Trouble with Legacy Systems
Legacy systems perform an organization’s day-to-day work. But as these systems age, even basic functions begin to strain those systems beyond what they can handle. For example, Vicencia & Buckley's legacy process caused myriad inefficiencies and workflows that were convoluted by back-end workarounds. Project Manager Nishan Kumar explains how EOX Vantage resolved these issues by building an online self-service scuba insurance procurement platform that aligned with the company’s digital strategy.
The Effectiveness of Data Automation
Varun Badarinath, a senior product engineer at EOX Vantage, offers insight into the effectiveness of data automation through the company’s experience with Arrowhead Rental Programs. When Arrowhead won the business to support a rental program of loaner vehicle fleets, the Insurance company turned to EOX Vantage to implement an easy-to-use system that led to greater utilization and fewer headaches.
Auto Data Collection: Better Decision-making through Better Data
Companies that aren’t able to quickly collect, format and consume their data are at a competitive disadvantage. And that’ll only get worse as the magnitude of available data increases every day. EOX Vantage’s Mike Fieseler discusses automating data collection, and how doing so can lead to better quality data and improved organizational decision making.
APIs: What They Are and Why You Need Them
A company's data is incredibly valuable, but it needs to be visible, consistently formatted and shareable. But it's typically not. Mehul Kenia, a product architect at EOX Vantage, says Application Programming Interfaces (APIs) are a data management solution that un-silos information, and links it all together for a clear, holistic picture.
Why Auctions Work in Good Times And Bad
When the economy faces challenges, some companies will do well while others will struggle to survive. Dick Kiko, the CEO of KIKO Realtors Auctioneers and Advisors, says liquidity is critical in any situation — whether a company is struggling to regain a foothold or needs an injection of cash to take the business to the next level. And an auction is one tool that can be used by any company, in any position, to generate liquidity.
Introduction to Workflow Automation
Workflow automation enables companies to automate various business processes. That can have a big impact on a company’s efficiency and accuracy, but it can also have a positive impact on employees. Mike Fieseler, vice president of business development at EOX Vantage, talks about workflow automation, a key element of “digital transformation” — and the many benefits that it can offer companies.