MicroCap Business Cashflow Stabilization: ERP System, Divestitures & Spin-Offs

Company restructuring, merging & acquisition should be done in concert with ERP system tuning up or building up. Sometimes you should consider switching to cheaper and more efficient ERP solution

The MicroCap space may be viewed as a jungle containing many hungry predators who may view you and your company as just another meal.
Within six degrees of separation from nearly everyone in the American business community, unfortunately, you are likely to meet someone who has been victimized in a reverse merger transaction or some other transaction that was poorly structured, ill conceived and designed to fulfill the selfish interests of a few.
Divestitures or Spin-Offs may substantially improve you cash flow:

o Sometimes companies can be burdened by assets or divisions that are not relevant to their current business focus.

o This can cause financial problems and can create a lack of clarity on the part of their shareholder base.

o What is the solution? Maybe your company should consider getting operationally and financially back into focus by spinning out a division or divesting itself of an asset? Read the rest of this entry »

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Case Management – Your Guide to Available Resources

So, you’ve recently learned that your child has a disability. When the shock and worry lessen, you will start looking for help. If your child is under age five, your local branch of Child Development Services will assign a case worker to aid with placement in appropriate programs and therapies. However, once your child enters the public school system, CDS exits and he/she will be assigned a special education teacher who will supervise his/her education needs in accordance to the financial abilities of the school district.

Above and beyond this, you are entitled to acquire a case manager who will set goals according to state regulations, follow your child’s progress through the public school system, and advise you of special programs, treatment, and funding available. These counseling professionals are employed by public health centers or nonprofit organizations.

As a parent, the first concern you may have is cost. Because this type of counseling is outside the realm of public education, funding is the responsibility of the parent. Do not be discouraged. Many agencies are willing to help parents acquire insurance provided by the state, designed specifically for children with special needs, even if you already have a primary insurance. Depending on your income, your child may qualify for your state’s version of Medicaid.

If your income is too high for Medicaid, your case manager will advise you of additional insurance programs like the Katie Beckett waiver program. The specific eligibility process differs from state to state. However, this waiver allows parents of children with medical or developmental disabilities to apply for Medicaid insurance coverage using exemptions from the standard Medicaid rules. Read the rest of this entry »

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Case Management Software: Laying the Groundwork for Successful User Adoption

Often, one of the biggest hurdles preventing a firm from moving into the modern age of legal practice management technology (case, document and financial management software) is the concern that their staff will not adopt the system and that the investment will end up being underutilized. This fear is typically a result of past experience or just plain old speculation. It’s widely understood that a practice management system is only as good as the data that is entered. Therefore, the issue of user adoption is an extremely important factor when considering investment in such a system.

Many attorneys, administrators and other decision makers within law firms will constantly make the decision to hold off on investing in practice management technology, even though they acknowledge the need to operate more efficiently. Today, more than half of legal organizations still do not utilize a case management software. This is quite surprising considering how far along we are in the world with technology. Doing away with old paper files and moving towards a real-time paperless office environment seems like a natural progression that any law office would have taken by now. But in the end, what good is the new technology if it’s not being used? Therein lies the rub.

So, how do you find the right Case and Document Management system that you are sure your staff will utilize? Well, there are three basic questions that need to be asked:

1) Does the system integrate into applications that my staff already uses on a daily basis?

2) Is the user interface easy to understand?

3) Does the vendor of the system have processes in place to implement and train my staff thoroughly? Read the rest of this entry »

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