Dikritik Nyanyi Lagu Raya, Ini Respon Wartawan TV3

Since the financial crash of 2008, commercial banking has undergone a monumental shift in regulatory reform to both manage and mitigate against operational risk. This transformation has been combined with an increased focus on improving enterprise-wide efficiency, profitability and shareholder value. Established regulations such as Dodd-Frank, Sarbanes-Oxley (SOX), Basel II (superseded by Basel III) and the forthcoming rollout of MiFID II, seek to aggregate and improve how banks protect themselves against threats to governance, risk and compliance (GRC). Data that is currently held is already being interrogated using machine learning, bots, virtual assistants and artificial intelligence (AI). This data has immense power to be harnessed for efficiency and this trend will continue to evolve in the years to come. A number of the world's top commercial banks are investing significantly in this area and it is expected that those who continue on this automation journey will gain a technological competitive advantage. Recent examples of this include JPMorgan's program, called COIN (Contract Intelligence), which does the repetitive job of interpreting commercial-loan agreements - this process previously consumed 360,000 hours of lawyers' time, annually. The software reviews documents in seconds, is less error-prone and never takes time off for holidays or rest - all making sound business sense and helping to reduce cost and increase profits. CaixaBank is also maximising the use of IBM's Watson to streamline processes. Pere Nebot, CIO, sees this investment as being valuable: "Connective computing is the new trend in commercial banking technology and in my opinion this will change interactions between customers and the bank and make life easier. Our connective architecture with Watson will allow us to work more smartly and give better service to our customers." The output of AI systems like Watson, with the assistance of document automation software, has the ability to create and deliver a seamless process for the accurate generation of business-critical lending documents. Many of the world's top banks have grown exponentially over the past few decades - through global expansions, acquisitions and mergers - and processes that oversee governance have become somewhat uncoordinated and inefficient. This view is supported by a PwC report which states that, "While a number of banks have begun the commercial lending transformation process, some have not had the focus on data strategy that is needed to meet emerging regulatory reporting requirements cost efficiently... an inefficient commercial lending loan origination capability and related data environment will put a bank at a competitive disadvantage." Commercial banks are operating in a data-driven world, which in turn leaves data accuracy as an area of potential exposure and a weak link in the first line of defence in risk management. Automation of processes in data and documentation output offers a smooth route for companies to save money, increase accuracy and streamline processes, thus reducing risk. According to the British Banking Association: Operational risk in market-related activities can arise from many sources, such as poor or inefficient data management, systems and processes." The real value in "Big Data" lies in how to analyse and output specific customer data to get better outcomes. This acts as a keystone in risk management and has the power to change the "garbage in, garbage out" viewpoint to "quality in, quality out" with a standardised and clean output format. In turn, this aids compliance with Basel II and SOX, in terms of execution and reducing data entry errors by having better delivery and business process management. It is of utmost importance that the validity of information and the quality of data is not compromised during processing and output - as the financial and reputational repercussions here are huge. Some of the world's most renowned banking leaders have echoed the view that innovation in software and new technology has the power to make commercial banking more proficient. Ralph Hamers, CEO at ING, states that: "if you are the first mover and to disrupt, you will lose some income on one side, but you will be able to grow more aggressively. The changes we have made have allowed us to process quicker responses to credit requests, which improves the service we give to customers." A number of challenger banks (such as the likes of Metro Bank and Aldermore) are continuing to disrupt the banking environment by gaining more market share, which is keeping larger companies on their toes and driving innovation and efficiencies across the banking sector. Improving business processes with document automation has the power to propel even the largest and most established commercial banks into a position of strategic, competitive advantage. This focus on document quality as a cornerstone of GRC, particularly in such a data-rich industry, should help to offset at least some of the scrutiny of the past decade. HotDocs provides some of the world's largest and most reputable commercial banks with software to automatically and accurately assemble frequently used documentation. HotDocs technology is proven to help reduce risk, boost compliance, improve the quality of loan documentation, save time and increase customer satisfaction. Article Source: http://EzineArticles.com/9809637

Solid terms and conditions for your invoices are extremely important for your small business. If your invoices are complicated to understand or confusing to read, you may do some severe damage to your cash flow. Why? Mainly because if the client can't understand your invoice they're not going just pay. Your client wants to be sure that they're being priced the proper amount of the goods or services that they requested. 1. Start thinking about all potential legal problems and scenarios. The first thing that you must do before writing down your terms and conditions is to list all the probable legal obstacles or circumstances that could happen. As an example: What measures will you take if the client does not pay the invoice? What will happen if you're past due on delivering your services or products or service to the customer? What will you do if the client is dissatisfied with your goods and services? What will happen if the product or service is damaged when being provided by your client's delivery service? Are there any incentives if your customers pay beforehand? What kind of rate of interest would you like to charge for late payments? What if the customer is interested to renegotiate the contract just after the two parties agree to the terms and conditions? Can your customer request a reimburse? If it does, what scenarios would allow for this? What will happen if the scope of the work becomes wider? If there was a misestimate on a budget or quote, who is going to pay for it? Who is responsible if a product breaks after being bought? What strategy will you undertake it the agreement or contract is terminated? It might take a little time to think about and formulate this list, but as soon as you have got all of this written down you will be in a position to write future conditions and terms in a flash with the other clients that you will add to your client list. Most importantly, having the most appropriate terms and conditions for your firm will ensure that you are compensated and take care of your business if legal action is ever undertaken. 2. PROVIDE ALL CRUCIAL PARTS OF AN INVOICE. Featuring the all-important elements of an invoice isn't going to only speed-up the payment process, it will also answer whatever questions that the client has with regards to the goods or services that you provided for them. When generating invoices, ensure that that you include: Your logo Invoice number Your contact information Your client's contact information The due date The products or services you provided and their costs The forms of payment that you accept Early payment invoice discounts or enforce late fees Before mailing out the invoice, ensure that all the information is right and that it's being sent to the correct person. Any errors can easily slow-up the payment process and make you appear less professional. 3. CLEARLY EXPLAIN THE PRODUCTS/SERVICES BEING PROVIDED OR SCOPE OR THE PROJECT. This is certainly the most relevant part of the terms and conditions on your invoice. Why? Because it describes what particularly the client is paying you for. Like for example, if you are hired to make an internet-site for a client and it's more than the client has imagined, having a description of the time and expenses it cost you to finish job answers any kind of questions or doubts relating to the final sum of the invoice. 4. SHORTEN YOUR PAYMENT TERMS This should be {is kind of} obvious, but when you give customers a lot of time to make a payment, the longer it takes for you to get paid, which in turns leads to a slower cash flow. So if you have a customer 45 days to pay an invoice, for instance, and that customer paid you a couple of weeks late, that means you've waited 2 whole months to receive a payment. A payment term of 30 days or even less is the standard when it comes to invoicing simply because it's helpful in keeping the cash flowing. Nevertheless, review your industry's invoice standards and check with the client when their pay cycle runs. These factors can help you establish your payment terms. 5. HIGHLIGHT GUARANTEES AND WARRANTIES It is not unusual for any business that is selling goods and services too often give guarantees and warranties. It makes them look more legit and reputable and gives the customer assurance. If you do provide a guarantee or warranty, make sure that is clearly outlined in your terms and conditions. Never forget to address topics like situations where the client/customer loses their guarantee or warranty. 6. PURSUE LATE PAYMENTS. Generally, there will be times when customers won't pay invoices by the due date. Instead of being passive, you need to be persistent by tracking down those particular late payments. Regularly keep track of your customers' payment due dates and get in contact with them by telephone, e-mail, or mail if they have not paid you by the due date and feature late-fee terms on your invoices, like charging interest on over due payments - which a trusted cloud-based invoicing software will do for you automatically. In case you can't get a hold of the late-paying client, or they are not responsive to follow-ups, you may possibly have to send a collection letter, hire a collection agency, or take them to court. Make all of this information crystal clear from the beginning. 7. ONE SIZE DOES NOT FIT ALL. Be sure that your terms are specifically created for your business. Remember, your business does not have the identical requirements, resources, and clients that other businesses have. Because of this you can't really just copy and paste the terms and conditions from a commonly used template or another business considering that they probably won't address your particular needs. A template is really good for starting and directing you in the right directions, but ultimately you have to write terms and conditions that best match your business and clientele. 8. ALWAYS BE PROFESSIONAL AND POLITE. Being polite can have a beneficial influence on your business. Simply adding a phrase such as kindly pay your invoice within twenty-one days" or "thank you for your business" can, in fact, increase the number of invoices getting paid by more than 5 percent! This may not sound like much, but this can result in thousands of us dollars per year right into your banking account. Aside from assisting you get paid faster, being professional and polite can easily make improvements to your brand's image. 9. MAKE THE TERMS AND CONDITIONS UNCOMPLICATED TO READ. Keep the language in your conditions and terms simplified and intuitive. Put yourself in the shoes of your clients' customers and realize that they're not all familiar with industry terminology and even bookkeeping terms, like for example "net 30." Additionally, don't aim to hide every single thing on just one page by using a small font so that your clients are not able to read the fine print. It will look tricky to your client and will ruin your reputation (regardless if there is nothing tricky on your invoice). 10. WHEN IN DOUBT, ASK FOR HELP. When all else fails to perform as expected, or you wind up in a sophisticated or specialized situation, don't hesitate to seek guidance from your mentor, fellow business managers, or your attorney. These are individuals that have experience in writing terms and conditions and are more acquainted with laws and regulations then you are. Article Source: http://EzineArticles.com/9805020

Sumber:OHbulan