Benefits of Switching to a Cloud-Based Staffing Software Solution

Jul 15 2020 Published by under Uncategorized

We are currently living in unusual times– so unusual it feels like we are living in one big dream. These past few weeks, the nation has needed to adjust to new norms, including “social distancing,” a term most of us have never even heard of before this all started. Companies have adjusted to 100% remote work. Some Americans are even living under “Stay at Home” orders, depending on the state they reside in. All of this has been a major adjustment for the nation and we will continue to live under these circumstances for at least the next month, as the nationwide social distancing guidelines have been extended for 30 more days.

Even though we are living under unfamiliar circumstances, one element of it remains constant: there is still work to be done. Staffing companies have candidates to place, payroll to process, and new business to gain. As we live during these unpredictable times, are you able to carry-on business as usual with the necessary safety precautions? Are you able to take your business remote without missing a beat? It is times like these, when a cloud-based staffing software solution is valued more than ever. If you haven’t made the switch yet to a cloud-based solution, here are the benefits, and it is not just in times of crises.

Ability to Work Anywhere and Increase in Productivity

The biggest advantage of a cloud-based staffing software solution is the ability to work anywhere. You can access all of your candidates, clients, contacts, and job orders no matter where you may be. Mobility is the future of recruiting-you need to be able to work anywhere, especially when you are out visiting clients. Instead of needing to go back to the office to enter notes or perhaps add a new job order, you can do it while on the go to your next client. This increases your productivity and ability to fill jobs quicker and ultimately gives you an advantage over your competition.

Not to mention, you also have the ability to work at home, especially under the conditions we are currently living in. Working remotely is simply the safest option, whether your state has implemented “Stay at Home Orders” or not. The Federal government recommends keeping gatherings to 10 people or less. A cloud-based software gives you this ability to work at home.

Note, some may argue you can still access your data remotely with your own server, however, you have to make sure your designated IT rep has setup a secure way to make a connection, such as a VPN.

Security

Security of your data is improved through a cloud solution. You may think your server is secure, but you will be surprised to hear how secure cloud data really is, if the right investments are made. What’s important to note, is that not all staffing software providers invest in the same amount of security.

One of the biggest security advantages of the cloud is that multiple safety nets are put in place to ensure no data is ever breached or lost. Cloud data is stored at facilities called “Data Centers.” Each data center is ranked by Tier ratings. A Tier 3 and 4 data center offers the most security with an uptime of approximately 99.982% and 99.995% respectively. What is uptime? It is the amount of time a server stays up and running without power issues or other problems.

Cloud data should also be stored in multiple data centers, so in the unlikely event “the cloud goes down” in one data center, your data is still backed-up and secure in another one. Note, it is important to ask software providers if your data will be stored in multiple data centers. To give you an idea of what a secure data center looks like, when you walk in you would see a large quantity of backup power sources, fingerprint access between rooms, locked cages, 24-hour monitoring and armed guards. Only a few key IT people at the software company would have access to the physical data.

In addition to the data center, back-ups are run daily. Incremental backups are made throughout the day with one full backup done at the end of each day. Upgrades are also performed without derailing operations as a server upgrade might. Everyone can continue to go about their day-to-day tasks without any pause or delay in work.

Lastly, data centers offer several layers of firewall protection incase one or multiple are breached. Multiple anti-virus and anti-malware software’s are used to protect your data. This is important because one software may find something and begin running updates, but miss another threat that a different software will catch. With layered security, an intruder would need to breach through several layers before reaching your data.

Elimination of Hassle and Expenses of Having your Own Server

Hosting your own server takes up a large amount of physical space and also requires valuable upkeep time that you could be using to focus on the core of your business. Not to mention, the expenses associated with a server. You are probably paying for rental costs, electricity expenses, and on-site technicians to monitor, support, and upgrade the server. You also had to make a large investment to purchase the server, which is a piece of equipment difficult to resell. Also, think about the life-span. How often do you have to replace it?

Moving to a cloud solution, takes away the hassle, space, and expense of managing your own data. What you may be surprised about is it is actually more cost effective to move to a cloud staffing software. You can expect to pay a monthly subscription to your software provider to secure and maintain your data at a much less expensive cost. You will only pay for the amount of storage space you use.

Are You Thinking About Making the Switch?

The idea of implementing a whole new software and way of operating can sound terrifying, especially in times of the COVID-19 pandemic. Is it really a good time to be thinking about making the switch? You may feel like you need to focus all of your efforts on forming a new business strategy to come out on top after all of this. But have you considered a cloud-based solution being part of that strategy?

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How Important Are Insurance Carrier Ratings and Insurance Tracking Solution Software?

Jul 15 2020 Published by under Uncategorized

What is an insurance policy? It is a promise or an assurance to pay in case of a covered damage or loss. The insurance carrier promises to cover the loss and pay during a financial disaster. Although, the commercial insurance has turned out to be quite complex and expensive, yet a good coverage can be your only security against the monetary catastrophe during a serious claim. Have you ever thought how would your condition be if the insurance company fails to keep the promise during the time of your need? This is where the insurance tracking solution software comes forward.

It is not an easy task to predict which insurance carrier is the best and safe, out of numerous options available. But, the ratings provided by various agencies can be of great help to select the most trusted one in the crowd. The carrier goes through rigorous evaluation procedures comprising reviewing business plans, reinsurance, financial statements, interest rates, regulations, credit, funding criteria, and actual reporting for being rated. Such severe analysis helps in measuring the real capabilities of solvency by the carriers.

The ratings are given using noble benchmarks between grades A to F. The insurance firms possessing grades A++ or A+ are considered to be the superior ones within the entire industry. The excellent ones are rated A or A- and the good ones are rated B++ or B+. The insurance companies’ ratings between A and B are considered financially secure companies and the carrier rating C are said to be on the marginal line. Each Insurance Carrier has North American Industry Classification System (NAICS) codes to identify the specific rating. It helps to classify each carrier within the industry to collect, analyze, and publish the statistical data.

Insurance Carrier Thresholds & Why it matters

You must be wondering what an insurance carrier threshold is. It is nothing but a tested way to reduce the risk. Often it becomes difficult for a company to go through the financial records and ratings on a regular basis. In such cases, even if the ratings of their trusted and functional insurance concern go down, the establishments remain unaware. This calls for a risk of the broken promise from the chosen insurance company’s end.

In order to avert any such risk, the private entities and public organizations create a threshold for the insurance organizations. They choose to have the rating certificate of the insurance holders. The threshold mentions that the insurance firm must be no less than a C+ rating. This serves as risk reduction if for any reason that specific insurance carrier goes below the threshold.

The certified insurance software helps to update the carrier ratings on a quarterly basis. So, in case of such a situation where the insurance firm fails to maintain the threshold assigned by the company, the administrator of the designated software receives a notice that the insurer would have to switch to an insurance carrier that would meet their compliance standards set by the insurers for the company.

Only the financially strong insurance companies can probably respect the insurance agreement and reimburse the claims as pledged. In the case of inability to pay the claims, it puts your business in danger of bearing the entire bill for the significant damages from court proceedings. Selecting a superior insurance company can take care of your organization’s insurance agreement for a long-term apart from assuring security and peace of mind.

Automate your Risk Reduction

In order to systematically reduce the risk, the insurance software has no comparisons. Such software is built in order to help the larger organizations do less paper work and documentation and assist their customers in different ways. Alongside monitoring Insurance Carrier Rating hands-free, insurance software also tracks all of the Certificates of Insurance to make sure the Certificate is up-to-date, the policy amount is correct, and documentation is where it needs to be. In addition to these elements, if aspects of the documents are not on par with your organization’s requirements, the insurance software dashboard allows for complete customization and automates reminders for your vendors.

Overall, the certified insurance software effortlessly manages every project and sync with the interface of the trusted 3rd party agency, helping you to judge the right insurance carrier for your company.

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Why You Need an All-In-One Staffing and Recruiting Software Solution

Jul 13 2020 Published by under Uncategorized

Do you have a headache from toggling between multiple software solutions to manage your staffing and recruiting business? How many different solutions are you using to manage your ATS, CRM, payroll, job portal, and other day to day functions? If you are beginning to go crazy with multiple solutions, it may be time to get a dose of an all-in-one solution to get rid of that headache!

Why You Need an All-In-One Software Solution:

Eliminate Multiple Data Entries

You only need to enter information once, whether you are adding a new candidate, client, or job order. Once it is entered into your front office solution, all of the information will be carried into your back-office, web portals, mobile application, etc. You will no longer need to spend time manually entering in the same information multiple, or even triple times into each solution! This will save you time and allow you to dedicate more time gaining new business verse entering in data.

Streamline Business Operations

All of your client and candidate information will be stored in the same solution so you aren’t toggling between different software solutions. When operating out of a CRM product that is not integrated with an ATS, you have to put pieces of information together. An all-in-one solution gives you the ability to search for candidates that would be a good fit for a job, schedule interviews, enter in notes, and place candidates right within one solution.

Not only will business operations be streamlined, but so will the look and feel of your solutions. Your front office, back office, and web portals will all look and operate similarly. This allows your entire team to get acquainted with your software quicker verse needing to learn many different solutions.

When investing in one company, you also only have to work under a single contract instead of juggling between multiple agreements and expiration dates. Initially it may seem more cost effective to work with multiple, less expensive solutions; however, the cost may land up being almost the same once all said and done. This is why it is essential to do research before signing on the dotted line. Even if it does cost more to have an all-in-one solution, the price may be worth having a streamlined operation. Is it time to weigh the pros and cons?

Lower risk of Misplacing Information and Losing Data

You have a lower risk of misplacing information when it is all in one place. You know where to find the information you need and it won’t get lost in the shuffle. Additionally, it is easier to overlook or miss information when you have it in multiple places.

The other important piece to think about is how secure your data is. Is your data located in a high tiered data center? Are you at risk of losing data or even getting hacked? When you are working with all-in-one solutions, their investment in data security may be larger than a single solution.

Gain Access to Advanced Sales & General Ledger Back Office Reporting

Since all of your payroll and invoicing information will be automatically pulled from your front office into your back office, you have the ability to run advanced sales analysis and general ledger reports. These reports give your company insights into the “big picture” to help you make critical business decisions. Without these reports, it is difficult to see the whole picture and you need to spend more time manually pulling information from different databases and building these reports out. This can cause errors and inaccurate reporting.

Fully Integrated Solution and Beyond

In addition to having all of your solutions fully integrated, there are often all-in-one capabilities within front-office solutions as well. In addition to posting new jobs directly to your web portal, some solutions even allow you to post job openings and other information you want to share directly to social media. Instead of toggling between your front office and multiple social media tabs, why not post directly from one solution?

Certain solutions even offer e-mailing and texting capabilities directly from the software. Whether you are sending a single e-mail or text message or a mass email or text message, you have the ability to send it right from the software! You can usually setup e-mail and text templates as well to eliminate time typing up the same message you are sending multiple times a day.

Last, advanced reporting capabilities are available with some solutions. Imagine pulling reports by branch or PC to see the number of jobs open, number of clients interviewed, number of placements made during a set period of time? Or what if you could view insights on the correlation between where you are advertising your jobs and how many people you are placing from that job board to find out the best places to advertise your jobs? These are great instances of how you can use an all-in-one front office solution to your advantage.

Conclusion

Is your headache starting to go away just thinking about the possibilities available to you? These are just a handful of reasons why an all-in-one staffing and recruiting software solution will help your business grow. If you have any further questions about the capabilities of an end-to-end solution, please reach out to ABD and we are happy to answer any questions you may have!

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