How an Expense Management Software Can Help Enterprises Today

A study by Forbes shows that on an average, 10% of an organization’s budget is spent on travel and other miscellaneous expenses.

This shows that large Enterprises spend quite a lot of money for travel and other expenses for the employees. Managing such a large amount of expenses manually is simply not possible and so there is a need for software that can automate the entire process of expense management for Enterprises.

Digital HRMS is an example of a software that offers a comprehensive expense management system that allows enterprises to streamline, manage and keep track on the expenses.Wallet HRMS is another name to reckon with when it comes to automated expense management software.

In addition to the two softwares mentioned above, quite a few more are available in the market, with multiple features to enhance the capability of Enterprises to manage employee expenses in a streamlined manner. As the number of employees continues to grow in an organisation, managing expenses can become more and more complex, thus creating the need for an advanced enterprise management software.

Understanding how an expense management software makes it easy for the modern Enterprise

The biggest advantage of investing in an effective and powerful expense management software is the assured compliance with companies’ travel and expenses policy.

Studies show that a staggering 56% of Enterprises find compliance with the policies to be the biggest advantage of investing in an expense management software. This is followed by other factors like improved employee morale and the reduced cost in processing expense requests.- Statista

The second most important benefit of investing in an expense management software is the reduced time required in processing. Manual processing can indeed consume a lot of time and efforts of the employees.

In addition to reducing the time required for processing expense requests, the cost of processing is also reduced when one invests in an automated software to carry out the process.

A research by Forbes shows that Enterprises can save as much as $31.4 per request when using an automated software.

When there is a reduction in the effort required by the employees, it automatically leads to a boost in employee productivity and this is one of the major benefits of expense management software.

Professionals say that automated expense management enhances productivity by at least 23%.

Another reason of investing in an expense management software is that it helps in providing the necessary Analytics required for a comprehensive analysis of all the data. As businesses get more and more data driven, this can emerge as a major benefit.

Last but not the least, an expense management software boosts employee morale as the employees get the reimbursement on time. Unnecessary delay in reimbursement can be demotivating for the employees, as they always expect timely reimbursements.

So, expense management software does have a key role to play when it comes to streamlined management of the various expenses of an Enterprise. As mentioned above, this kind of software becomes all the more relevant when businesses continue to expand and more and more employees come on board.

To cut a long story short, expense management software helps an Enterprise to save costs, implement compliance with policies, boost employee morale, and achieve more in less time. However, it’s important that enterprises invest in software that is highly scalable and can evolve with the growing needs of the business.

TOP BENEFITS OF APPLYING BLOCKCHAIN TECHNOLOGY IN YOUR BUSINESS

Change is an integral part of development. It is true for both personal and technological development. With the ever-increasing digital users across the globe, businesses are making their services available to their targeted users on both web and mobile platforms.

The digital transformation is not just limited to any specific industry. It has enhanced the overall service quality from the finance industry to global supply chain management. But, it is just the top surface of the digital age. The next big transformation by blockchain technology is set to transform every possible industry we have ever known from Agriculture to the Automation industry. It is not just limited to businesses; it set to alter the political engagement and banking system.

As many countries are exploring the possibilities of blockchain technology, the central banking system is still in fear of how the idea of decentralization is going to affect the existing centralized banking sector. After the recent ruling from India’s top court removing the RBI’s ban against cryptocurrency and South Korea’s legislation legalizing cryptocurrency, many investors, cryptocurrency enthusiasts and blockchain developers are gearing up to invest big and explore every possible opportunity to unleash its full potential and reap the benefits out of it.

In the last two years, there has been exponential growth in the blockchain sector, but still, it has not reached the level it is supposed to go.

Currently, many business entities – big or small, are looking out for blockchain technology solution providers for their businesses.

As many early adopters like cryptocurrency trade exchanges – Binance, Kraken, and Trade Herald are going big, now other business entities are big the next big thing in their respective industry.

If you’re looking for the opportunity to integrate a blockchain-enabled solution, Blockchain App Factory is the right fit for you. There are one among a very few expert-level blockchain solution companies with the experience of handling more than 10+ projects in 3 years.

Here is the list of services they provide:

Leverage Exchange Development & Marketing
Peer-to-Peer Exchange Development
Security Token Exchange (STO) Development & Marketing
Smart Contract Development & Audit
Multi-Cryptocurrency Wallet
Initial Coin Offering Development & Marketing
Asset Tokenization
Real Asset Tokenization and much more.
From the above-mentioned blockchain-based service, we can understand that technology is not only limited to the exchange of cryptocurrencies. There are numerous benefits that this technology can present to enhance businesses in many different industries.

Let us see how blockchain can power up your business.

TRANSPARENCY:

The important characteristic is its transaction ledger is open to public viewing. This helps in an unprecedented level of accountability, holding each party responsible for their actions and makes everyone to act with integrity towards the company’s growth and community.

HIGH EFFICIENCY:

The decentralized nature of the blockchain removes intermediaries or middleman in many processes for fields such as real estate and other high-volume business transactions. Blockchain facilitates faster transactions, 24/7 trading facility, cross-border transactions with digital currency. Most importantly, the self-executing conditioned smart contracts automate the whole process agreement handling.

CYBERSECURITY:

The data maintenance with high security is the pertinent issue both online and offline. Fraudulent practices in the offline medium have made the paper record untrustworthy. When it comes to the existing digital medium, centralized servers are prone to digital attacks.

To get rid of all that, encryption technique and link to the previous block transaction makes it immutable and incorruptible. It’s decentralized nature come with a unique quality of being “Trustless.”

CONCLUSION:

Blockchain technology has the potential for many use cases and is applicable to many industries. We at Blockchain App Factory facilitate the movement from disruptive to the mainstream.

Aging According To Science & Ayurveda !

what is Aging according to science & ayurveda !

It’s been more than 3.8 billion years since the formation of earth. Physicist say, the early life started forming a little later with single celled organisms like prokaryotes, algae, protozoan and they got multiplied by fission into daughter cells. This multiplication of cells in them never stopped and that is why they are considered as immortal. Some perennial plants, bacteria and a few animals are potentially biologically immortal.

For ex; organisms such as freshwater polyps of the genus “hydra” having some specimens between 4 to 5 thouand year old, have a regenerative ability or are aging at a negligible rate by which they avoid dying of old age. This does not apply to human beings.

However, there are some cells with the potential for immortality like cancer cells which does not die when maintained in a cell structure such as HeLa cell line and some stems cells.

This inevitable process of growth and senility starts long back from opening eyes in this world and continue even after some time of death.

This process does not stop but continue at different rates for different tissues of body and at a different rate for different individuals.

Aging represents structural and functional changes of an organism over its entire life span .Everyone amongst us are madeup of around 13 trillion of cells. Our body part and tissues are bundle of cells all held together.

As in the field of artificial cloning, Leonard hayflick in 1961 did an experiment and found that adult cells can be rejuvenated to embryonic status and then grow a new tissue or animal without aging. But after fifty cell divisions normal human cells die in laboratory culture.

Physical, psychological and social changes like wrinkles, brittleness of bones, gray hair to the accumulation of changes in a human being comes over time. Vision of eyes, for example, may reduce with age, while knowledge and wisdom expand.

Around 1,50,000 people die each day across the globe and about two third amongst them die because of old age related issues.United nation estimates that number of people aged 60 years or more will increase from 1 in 10 currently too 1 in 5 by 2050.

By this year 2020, the World will have more than one billion people aged 60 and over, and more than two-thirds of them will be living in the developing countries. While By 2050, the ratio of people aged 65 years or older to those aged 15–64 years will double in developed nations and triple in developing nations.

So, why does this aging take place?

Although this is a natural way to give space to the coming ones still, no body wants to die.

There are basically three widely accepted theories of aging by scientists.

1.This theory focus on the damage concept and states that due to acuumulation of damage (dna oxidation) may cause biological system to fail.

2- This theory states that aging is the programmed one. In which Internal process such as dna methylation may cause aging. But in this programmed aging the death of cells is not normal as “apoptosis”.

3- “The force of selection declines as a function of age this observation” led peter Medawar and George William come up with these two hypothesis which explains why organisms grow old and die. the mutation accumulation and the antagonistic pleiotropy theory. This is also called as evolutionary theory of ageing.

Do you know that skin is the largest external organ in a human body? It is also the fastest growing organ. Staying and looking young has always been sought after in both males and females.

To understand about skin aging you must know your skin. Your skin has many layers and can be divided into three main parts:

Epidermis –The top layer contains skin cells, pigment, and proteins.
Dermis – The middle layer constitute of blood vessels, nerves, hair follicles, and oil glands. This layer provides nutrients to the epidermis.
Subcutaneous layer – The inner layer contains sweat glands, hair follicles, blood vessels, and fat.
Each layer consists of connective tissue with “collagen “ fibers to strengthen elastin, which gives skin the strength and elasticity.

You may have heard of this word collagen as it is widely used in skincare.

Do you know that collagen is most important thing for healthy and youthful looking skin.

So, what is Collagen exactly and what role does it play in our skin?

Collagen is basically a type of structural protein, that makes up over 75-80% of our skin. This ribonucleo protein in our skin is responsible for its, plumpness, elasticity, firmness and youthfulness. Collagen is all over your body including the muscles and bones where it provides necessary strength.

Healthy skin repairs and makes new collagen regularly to keep itself smooth and free from fine lines.

A study found that by using preventive Ayurvedic treatment and principals during late youth or middle age May help reduce the incidence of health problems later on ,which also means increasing lifespan .

According to experts, we can predict a certain amount of things from our own constitution and act accordingly . for example I tend to get cold easily and have low immunity system, this problem will only increase with age and I will be more susceptible to disease over time, so, I have started taking proper nutritious diet according to ayurveda and also made some changes in lifestyle. the more you recognize and learn to manage your weaknesses now, the better of you will be 10 or 20 or more years down the line .

The best time to consider your own challenge and imbalance is during transitions, new stage of life, new season.

Ayurveda talks about longevity or better well being, you could find harmony and balance when you understand about your constitution, your doshas, impact & effect of diet, lifestyle.

The following Principles of ayurveda for a healthy aging:

- Avoid the aggravating causes of Kshaya (degeneration) and Vatta, for example, excessive physical and mental work, tough workouts, tolerance of unsuppressible urges, intolerance of suppressible urges etc;

- Take a Santarpaka (nutritive) & Laghu (light) diet. Support your body to stay its channels freed from debris and to stay your metabolism vital. Favour fresh, nourishing foods: whole grains, dairy products seasonal fruits, nuts, , olive oil, natural sugars, like fructose, many green vegetables,and beautiful gift of nature spices and the Herbs.

- Enjoy your meals in peace . Eat neither an excessive amount nor insufficient . chew well and fill only your stomach to about two-thirds of its capacity. Don’t put pressure on your digestive system by eating over again and again.keep atleast 1 gap of 3 hours in the next diet . sipping some hot water between meals is considered fine. Before meals, chewing a piece of fresh ginger with a few drops of lemon juice and a pinch of salt, or sipping hot ginger water is useful for digestion .

- To keep your body young and agile you can best strengthen the mind-body coordination of all dosha types with meditation, yoga, and long walks. It also relieves your body from stress.
Pitta – swimming, light exercises, working in garden etc are good options for them.

- Kapha As they mostly have strong built, can enjoy a vigorous workout. walking, jogging or running daily is a good option to keep themselves young & fit.

- For Vata types yoga, & cycling is good.

– The skin is the mirror of the soul – its lustre, radiance and health is affected not only by sensory perceptions and external factors, but also, by feelings which are expressed through the skin. Abhyanga massage does wonder on body as it touches both, body and soul. If we talk about Skincare based on the gunas:

* vata skin: As The attributes of vata are dry, cold, rough, light subtle, skin should be nourished and rehydrated to avoid wrinkles and premature aging. Warm oil self-massage and natural moisturizers help to rejuvenate.

* pitta skin: As they have a fiery nature sunscreens and facial skin oils should be favored on the daily basis .

* kapha skin: As Kapha mainly have Oily and soft skin so warm oil massage and cleansing of the skin will be beneficial for it.

- keep intermittent fasting as it is very good for overall health and specially for your skin.

- If you feel like something out of balance in your body , consult a doctor & take treatments promptly.

– Consider what is good for your constitution & take everything preferably in organic quality.

-At bedtime warm milk is beneficial for good sleep and re-energies yourself. An ayurvedic tea boosts immunity and keep you active throughout the day. Baths with aroma oils put the body in a relaxing & peaceful mood.

- Our lifestyle has caused our brains to be unsteady and unfocussed. continuous tv or mobile phones degrades our memory. Try backing out from all kind of technology and choose meditation, yoga, exercises for a more better and sharper memory.

-In our daily lifestyle we are more dependent on stimulants like coffee. But with age it can have opposite of its intended effect, leaving you tired and sluggish. Take into account the impacts of a routine in long term

To improve mental immunity increase the level of satya(truth) by any means in mind, principles of Sadvritta and Achara Rasayana says to connect oneself in the Supreme Power (God), the eternal truth.

Proper diet, exercise and lifestyle can create a balance among these three subtle essences, ensuring long &healthy life.

Ayurveda holds a treasure of exceptional anti-aging natural herbs & treatments that rejuvenate the skin and make it youthful. There are over 200 herbs that have been documented in ayurveda with their special properties that maintain and enhance the health and beauty of the skin. These treatments have multiple benefits such as antioxidant cellular protection, anti-inflammatory and anti-stress properties.

There are many synthetic options available in the market and some have serious side effects while ayurveda does it 100 percent naturally.

To know about the herbs, their usage & more about Aging you can follow my another blog.