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What is Kaizen? Digital Transformation with NKU Technologies!

We at NKU Technologies harness the Kaizen approach to re-evaluate and renovate your business processes and make it smooth to adapt to the digital age by integrating data-driven analytics and design-thinking insights.

What is Kaizen?

Kaizen is a strategy that drives consistent growth subject to the belief that a small initiative with a continual process leads to substantial improvements.

Digital Transformation

The integration of technology to the changing business requirements to enhance proficiency and user experience is what we term digital transformation.

The main steps of digital transformation are:

It is all about technology, process, data, and organizational change. Over many years, we have contributed to, consulted on, or reviewed several digital transformation cases.

What is the role of Kaizen strategy in Digital Transformation?

Kaizen’s philosophy states that you can always make things work better even though they are currently performing well. That’s to say, “Things are good but these can be better”.

Digital Transformation with NKU Technologies

A Digital Transformation Program is an action plan delineating a strategy for the business to strategically relocate itself in the digital world. Businesses innovate, transform business operating models and take advantage of emerging technology.

This transformation is becoming increasingly vital for businesses to thrive in this age. The concept of digital transformation varies from industry to industry; from the perspective of the technology industry, digital transformation implies utilizing technology to accomplish tasks that were once manual. Through a creative perspective, it is reviewed through user experience and digital marketing. Similarly, from a management consultant’s point of view, it is a chance to reshape and remodel business operations.

All of these perspectives are relevant and correct to a certain degree. What is common is that the consequent result is more effective when driven by specified processes that make all stakeholders come to an agreement and deal with the issues even before they evolve.

Kaizen Strategy to Improve your Business Processes

To start with, we determine an outlook and a mechanism to drive improvement and advancement throughout your organization. The top benefit of this approach is that it can define objectives and lay out the quality estimate of the transformation process even before you begin.

Since a digital transformation entails primitive changes in a business structure, it improvises the way a business works and delivers value to the clients. We help our clients in diagnosing the areas of improvement, devising a cohesive action plan, and providing the tools to implement that plan.

The Tools at Our Hand to Help You

Being a top-notch IT solutions company and your next-generation business partner, NKU Technologies has developed expertise in an assortment of tools to support you in your business management and transformation.

Here’s how we help our clients accomplish their goals;

Software Development Services

Developing and maintaining your company’s software is no more a hectic task now since the NKU team with its tech-savvy expertise renders a wide range of customized software development services.

Technology plays a vital role in the Kaizen culture. We understand that getting the best out of your technology investment requires ongoing attention. That’s why we offer a full range of services, including web design, application development, mobile application development, and IT services. We strive to provide our clients with flexible, high-quality solutions tailored to suit their business needs.

We understand the key to your organization’s success is through its software. We take a consultative approach in the design process of your software/application development by not only listening to you but empathizing with your business goals and pain points to ensure we can provide you with exactly what you need. The NKU team also offers technical support to your team by providing consultancy and the best tech stack services.

Cloud-Based Solutions

With increased accessibility, greater security and limited financial expense the cloud is persistently becoming the custom practice for many businesses aiming at optimizing business processes with the least expenditure.

At NKU Technologies, we understand the power of cloud-based solutions, fast & reliable data processing, and restore the productive environment that your business needs to thrive, all without introducing additional complexity or disruption to your daily operations. Cloud-based solutions can improve efficiency, reduce costs, increase responsiveness and deliver site content & administration in real-time as needed.

Other Services

With our easy-to-use, integrated platform, you can resolve many of your current IT challenges in a matter of hours. And our solution is sure to save you money, time, and energy over the long term as we continuously improve upon our services.

Our expertise lies in IT transformations, integration, CRM, CMS, staff management, digital accounting, payroll management, and project management tools to clients across the globe. Our core competencies are in developing integrated solutions that provide maximum value for our clients’ businesses.

Innovation, excellence, integrity, customer-focused solutions are the three keys to success. And these are the values that drive the management team at NKU.

Bottom Line

NKU is the leading provider of digital transformation solutions in the corporate and enterprise space. We design and provide a full range of technology-enabled solution sets and services to help our clients transform their business, providing them with a single point of access to evaluate, plan and manage every aspect of their digital transformation efforts. Our clients are global enterprises with budgets spanning multiple boundaries and all sectors. We work alongside these large organizations to help them rapidly develop and transform their digital strategies while delivering unparalleled levels of client experience and satisfaction.

We design, build, and continuously evolve solutions that address complex business issues affecting organizations of all sizes regardless of size or industry. Our services include advertising, digital transformation, staffing, IT services, project management, and fulfillment. We constantly strive to get better at what we do and learn from our clients.

References:

https://reverscore.com/learn-kaizen/kaizen-business-case-basics/role-of-kaizen-in-digital-transformation/

https://www.adlittle.de/sites/default/files/prism/digital_lean_article.pdf

https://www.cleo.com/blog/knowledge-base-it-system-integration

5 Steps to Boost Confidence to do business - Female Doing Accounting - Factority

5 Steps to Boost Confidence to Do Business Using Factority

Our innovative working capital solutions software provides businesses with efficient cash flows and liquid funds management.

Every business, whether small or large, needs working capital to manage its day-to-day business operations. Invoice financing is one beneficial method that businesses adopt in this regard.

Invoice discounting is a system by which a business raises funds through advance sales bills prior to the payment’s due date. In this way, the business commits all or some of its invoices to a financier for early payment, and the financier, in turn, receives an agreed amount of fee.

Here our invoice discounting software Factority has revolutionized the conventional procedure of factoring or invoice discounting through competitive bidding. It is a reliable digital solution for a small business to have easy access to liquid assets and it keeps them focus on their business operations.

How Does Factority Work?

We provide an organized and trusted platform Factority to facilitate businesses particularly SMEs in obtaining trade receivable financing conveniently on competitive terms by the financiers. Moreover, the financiers also experience a more productive and compliant system to manage their clients and team.

With enough liquid assets at hand, a small setup can be expanded at an increased speed. Here are the 5 steps to boost confidence to do business using Factority.

1- Standardized Transactions Guarantee True Sales

The first step involving Factority is the standardized transactions ensuring true sales and this leads to enhanced clarity. Thus businesses feel confident and owners of small setups can grow their business.

Structured transactions improve credibility and trust. In addition to this, the procedure renders benefits to the balance sheet and regulates the risk involved. Further, it doesn’t affect the outstanding loans and the business can achieve minimized funding costs.

Additionally, a company has the choice to participate in the activity at the time of need.

2- More Liquid Funds at Disposal

The most significant factor in the success and working of SMEs is the availability of liquid assets. These guarantee the continuity of the business cycle as they are readily convertible into liquid cash for current transactions.

A business always needs a certain amount of cash reserve to use for operating expenses. Factority serves this purpose exquisitely by ensuring the provision of funds quickly while reducing the hassle of invoicing processes.

You can access working capital in a faster way and accelerate your cash cycles for business.

3- Minimized Risk of Bad Debts

Another risk that small businesses face is unmanageable bad debts. Bad debt is like an inauspicious cost of running a business on credit with customers since it always involves an inherent risk.

Using Factority renders the convenience of flexible contract arrangements and consequently, it minimizes the risk of bad debts. Moreover, small business management can focus on other more crucial factors rather than wasting time and energy chasing unpaid invoices.

4- Smart Funds Management

Single window operations enable the management to control and administer the funds effectively. Having easier access to funds boosts confidence and gives you a go-ahead to expand your business.

Moreover, it provides one platform for buyers, sellers, and financiers. Businesses can acquire access to funds within a short period of one to two days. It allows you to accelerate an aggressive growth strategy by fulfilling your financing needs. Above all, you are not required to give up any equity.

5- Efficiency in Payment Methods

The efficient payment methods introduced by Factority enhance the ease of doing business. It integrates payment channels to render swiftness and regularity to funds transfer procedures. This improves financial cycles for them.

When you have consistency in funds flow, you may take decisions confidently and it positively impacts the business. You don’t need to have substantial assets such as collateral. These assets comprise equipment, real estate, inventory, and so on.

Advantages for Buyers

Factority not only benefits the business but also has positive effects on buyers. The customers receive their orders on time. They experience better vendor relations and can raise funds time and again.

Advantages for Sellers

The sellers enjoy the benefits of regular cash flows, one-time induction, and quick funding of invoices, and simple and easy-to-follow procedures.

  • Suppliers can operate without facing any irregular flow of their operational funds.
  • Better receivables cycle which results in better relationship with customers.
  • Onetime on-boarding and repeated fund raising from various financiers.
  • Competitive bidding ensures lower financing cost without collateralizing any asset.
  • Increased liquidity opens new horizons for business growth

Advantages for Financiers

Financers secure confidence through electronic transactions, auctioning, and central KYC processes. Financers achieve better reliability in the market and an enhanced customer base.

Financiers can keep track of their funded product in a seamless, reliable, and efficient way.

Why Choose Factority?

Flexibility: our system allows you to coordinate with other systems such as cash allocation, credit insurance, and risk tools.

Control: Factority offers users access rights control. Users can easily configure fees, interest rates, and access and upload files.

User Friendly: Renders clients easy-to-use invoice management tools on smartphones, tablets, and desktops.

Efficiency: Our system is aimed at providing maximum efficiency and minimum operating costs

Reliability: You can rely on Factority without fearing for any business loss.

Receptiveness: Our software system encompasses all that you need to establish your invoice discounting set up.

Support: Our team of experts ensures comprehensive support and training.

Bottom Line

Growing and expanding your business while managing your liquid assets and trade receivables is not an easy task. But it has been simplified by Factority that takes care of this tricky aspect of your business and lets you pull off your business goals.

Factority is the state-of-the-art platform that authorizes businesses to sell their selected invoices for payment without any delay, even without customers’ involvement. As a result, companies have access to additional cash flow while dealing with multiple customers.

nku-dotnet-monitor

5 New Things in Dotnet Monitor

Microsoft previously introduced Dotnet Monitor as an experimental tool to access diagnostics information in a dotnet process. We hereby explore the 5 new cool things that have made this tool graduate as part of the .NET ecosystem. dotnet monitor will be fully supported beginning with Microsoft’s first stable release later this year.

If you are new to dotnet monitor , we recommend checking out the official documentation which includes walkthroughs on using dotnet monitor on a local machine, with Docker, and Kubernetes,

This blog post details some of the new major features in the preview4 release of dotnet monitor:

  • Egress providers
  • Custom metrics
  • Security and Hardening