Important Pointers For Global Tax Planning

Enterprises that are into foreign ventures and business, needs to implement an effective global strategy or they have a risk of witnessing adverse business tax return consequences. The most negative outcome that can take place is that organizations might be unaware and miss the benefits that are available for cross-border business ventures. Global tax hindrances and opportunities are present in even a small firm in U.S that sells products to U.S or is into foreign R&D.

 

Why global taxation is a complex process?

 

Several U.S and other foreign tax planning authorities have been aiming for cross-border revenue benefits. They are gradually becoming extremely active and careful in attempting the share of an organization’s FBAR. For instance, the changes and development that has happened in the last decade and the complex global transfer pricing guidelines, require companies to document their annual compliance to set standards for pricing inter-organization transfers of goods and services. This apart, other global taxation policies are changing and is gradually becoming a critical aspect of uninformed enterprise’s that are involved in cross-border business transactions.

 

Global tax consultants are able to restore the foreign and U.S tax sides of an organization’s business into a unified business and tax strategy. They are all updated with the changing concerns and trends that surround global tax planning and are tracking them consciously.

 

Efficient International Tax Strategy

 

If you want to carry out an apt global tax planning, then it is essential to set up a comprehensive global tax strategy that assists in fulfilling the global business objectives. This starts with having an in-depth understanding of an organization’s financial and business conditions, its global operating strategy and where and the manner in which it plans to operate outside with U.S. With these significant data a global tax consultant can help an organization to overcome with an overall global tax strategy that can be practiced and has an appropriate business sense. Global tax planning in case of certain concerns can be managed in a compact way by considering an enterprise’s larger international tax and functional strategies.

 

 

Global tax rules remain the same irrespective of the size of the corporate taxpayer. The difference lies in the fact as to how business firms utilize technicalities and legal interpretation to their benefit as compared to the profits of the small scale businesses that just complies with the tax guidelines. Useful tax planning solutions assists the small scale business owners to manage their operations and enable them to leverage the strategies resulting in a lower tax bill.

 

Read More About: Foreign Bank Account, IRS Amnesty, Overseas voluntary disclosure

 

Engineering Services- The Lifeline of Various Industries

Engineering has played a major role in human life from the invention of the wheel, pulley and lever, as they fit into the basic definition of exploiting mechanical principles to develop useful tools. However, today with major scientific and technological innovations, engineering has become an essential industry vertical that has significantly expanded into aerospace, oil and natural gas and various machinery manufacturing units. Further, globalization has paved way for enterprises to look in for cost-effective engineering solutions that will help them meet the growing customer demands and would also provide a competitive edge.

 

For the manufacturing industry, the technologically enabled engineering services is a great boon.  The service providers cover all aspects of manufacturing to ensure smooth production and delivery of goods to the end-user. However, with increasing demands on the part of the customers, outsourcing engineering services has become the order of the day to cater to the requirements. Eminent providers of engineering services outsourcing offers their consumers solutions that can minimize the total cost of operation and production.

 

The engineering service providers however follow a logical process to ensure that they can meet the requirements of the maximum number of customers.  With services that start from competent engineers reaching customer location, understanding the products, systems and process, helps build good customer  relationship. Further, the engineering teams work on the systems and process and integrate the product development lifecycle to speed up the turnaround time.


Further in case of global customers who are distantly located, the engineering services outsourcing teams supports these strategic customers in their product design by  engaging customers to understand their needs. Moreover, these engineering services organizations with diversified expertise help the client organizations to reduce development costs, shorten lead times and also extend the capacity.


The  aerospace products and part manufacturing organizations generally leverage on their in-house engineers with expertise in grass-root level decisions, process planning, fixture designs and tooling. However, to meet the growing aviation demands these enterprises take help from the global engineering service providers. With their expertise in various field of aerospace engineering and manufacturing services, they provide maximum support in product design,  and modeling through analysis, prototyping, development,  automation, testing, data documentation, instrumentation and controls, embedded systems development, manufacturing  and vendor management.


Such efforts on part of the outsourced engineering service organizations paves way for off-shoring engineering jobs to enterprises and regions with low-cost engineering services. Further these collaborations help the global enterprises to make use of efficient engineering consultancy services either at the definition phase or during the strategic evaluation phases.


Related links: outsourcing engineering services, engineering consultancy services

 

Manage Global Expansions with Effective Language Translation Solutions

In this era of globalization, many businesses look for opportunities to expand globally by opening offices overseas. And as companies grow globally, localizing their websites will be crucial to ensure successful market entry. Managing any business operation is fraught with risk and requires careful coordination, close communication and solid leadership.  As language can be a barrier when you are involved in international business, it is important not to make it a roadblock in the way of your success.

 

Most international companies need to translate their content to successfully manage global expansion but are impeded by the complexities that are inherent to the translation process. In the past few decades, this activity has developed because of rising international trade, increased migration, globalization, the recognition of linguistic minorities, and the expansion of the mass media and technology. Companies that fail to recognize these challenges end up with a never-ending translation projects or, even worse, translations which lack the professional polish to see the light of day.  This, in turn leads to expensive time and cost overruns.

 

The importance of language translation services is evident. You must not lose time in employing the advanced translation technology that will help your business move progressively. Reputed language translation services have expert automated translation techniques. To ensure effective translation, translation services need to keep consistency and quality both of which are equally important for you. Every translation activity has one or more specific purposes and whichever they may be, the main aim is to serve as a cross-cultural bilingual communication vehicle among peoples. The translation services play an important role as a bilingual or multilingual cross-cultural transmitter of culture and attempt to interpret concepts and speech in a variety of texts as faithfully and accurately as possible.

 

Providing translations of the original website content also helps attract customers and encourages them to start  an active interactions by means of surveys, forum discussions etc. The automated language translation solutions have all the qualities to provide you with optimum results. It provides you with accurate translations without any delays that helps increase the customer satisfaction levels.

 

With business environments being extremely volatile, it is essential to deliver quality performances consistently. The increasing competition doesn’t not make it feasible to rely on   traditional methods that only hamper your pace. With new, advanced and innovative technologies that invigorate the revenue earning potentials in your business, businesses can look at diligent devices to achieve success.

 

Related links: Translation Software Solution,  language translation network

 

 

Reasons to Invest In Enterprise Translation Solutions

A global organization often needs to manage huge amount of content that gets generated every day. Managing this colossal content for a worldwide multi-lingual audience comprising of global employees and consumers can be challenging and cumbersome, as it involves collating the content in a way that is comprehensible to everyone. There are times when a particular content needs to be reworked and translated again to make sure that the message conveyed is appropriate, consistent, crisp and free of errors. This means that the original web content might need to be reviewed and edited before it gets distributed globally. Keeping in mind the objective to cater to this vast audience, the concept of enterprise translation solution came into existence. Simply put, this is an assemblage of elements that enables companies to manage and make the translation process simple and effective.

 

Huge MNC’s often depend on enterprise translation solutions or translation management systems to manage their content. There are various language translation service providers and vendors who offer automated language translation solutions that results in quick translation of content that is also cost-efficient. From a corporate website content translation to translating documents and at times even emails, these solutions are useful for any interface or format.

 

Market leaders in enterprise translation solutions today provide a unique collaborative translation platform that offers enterprise business consumers innovative ways to leverage their trusted global communities by providing precise, quick translation and in turn fuel cost-conscious expansion. This is done by incorporating new age collaborative translation technologies, community collaboration and workflow management. Furthermore, the collaboration translation services and tools utilize a web based translation platform to translate projects of any verticals and size with the help of multi-lingual translators. Companies can set up unique integrations with their inside API suite and embed any feature of application through a robust set of API that allows translating content in any web application such as:

 

·         Oracle Webcenter

·         SharePoint

·         Drupal

·         Jive

 

As a website is the first point of reference that can create an everlasting impression on your target and potential consumers, it is imperative that you manage your website content keeping in mind cultural influences and correct all sorts of grammatical and syntax errors. Advanced enterprise translation solutions help you to deploy your own on-site system and allows you to have complete control of the overall process. This means you can translate the content, supervise every step of it and cooperate with your community to save time and money.

 

Related links: Translation Software Solution, language translation network

Resolving Global Concerns With Open Innovation

Scientific technologies and internet advancements had made it easier for reputed brands to attain success in terms of better revenues, marketing, branding and product development. With great success comes greater responsibilities. The responsibility of making the world a better place to live. Corporations and institutions officially term this act as “corporate social responsibility” where they give back to the society whose resources have been used by them to achieve their objectives. In addition to that, there are certain organizations that addresses critical environmental and health concerns and resolve them. When it comes to working things out, records have proven that open innovation is the appropriate option.

 

Imagine H2O, a non-profit organization in the United States have been carrying on multiple open innovation practices to gather innovative ideas for tricky water issues. One of them had been the 2010 Water Energy Nexus Competition that declared a winning amount of $100,000 for companies/individuals whose ideas can help to minimize the amount of energy needed to treat and move water and wastewater. The open idea capture campaign has attracted more than 50 teams from regions such as Canada, Australia, Netherlands and Singapore with revolutionary ideas that resolved the concern with ease and precision. Furthermore, the ideas also had suggestions that can be used for other allied water and wastewater treatment issues.


It has been observed that when a company crowdsources for an agenda, it gathers a huge pool of opinions, inputs and viewpoints that carry potential solutions for other poignant issues that the company might encounter sooner or later. Crowdsourcing allows a company to present its concern or objective to the mass at large, enabling the ideas and solutions to be a perfect blend of quality and quantity.


University of Washington, United States made use of crowdsourcing while announcing its crowdsource computer game Foldit to arrive at solutions for health issues. This game was set up to assist scientists to come up with innovative ways to combat ailments by working on the proteins in the body. Proteins are the building blocks of life and can play a vital role in curing chronic diseases.  This online game achieved revolutionary ideas, such as   creating an 18-fold active version of the enzyme for catalyzation and many more.


Efficient idea management tactics is not merely a process,it is a practice or more aptly a way of life that facilitates health, healing and a better environment for the world. Furthermore, it creates a culture of knowledge sharing, where every individual can make a difference with his/her input and idea for the social welfare and benefit.


Read More About: idea management system, idea management solutions, capture ideas, innovation products

Engineering Outsourcing Services for Excellent Aerospace Manufacturing Solutions

The aerospace industry faces many challenges across the market today, and this volatile marketplace is still ready with an opportunity for any manufacturer who is prepared to function in this tough situation. With growing demands for state-of-the-art aerospace solutions, there is a significant need to have the best engineering services at hand. Highly skilled and experienced workforce is required to provide  exceptional responsiveness, efficiency and quality aerospace and defense supply chain management.

Keeping in mind the understanding of objectives, deliverables, and requirements, aerospace engineering projects that usually use these services in the conceptual stages are the ones that are most successful. To meet the rising global demands, aerospace engineering businesses have to incorporate flexible processes that can deliver innovative and high quality solutions. This can be made possible with efficient engineering services. Top engineering outsourcing services can deliver optimum results on time, as they are equipped with  highly advanced tools, processes and applications.

Several aerospace manufacturing  companies are partnering with the right outsourcing provider to provide better value in helping them maintain their cost structures. And these companies can enjoy maximum benefits as they are provided with the best engineering and manufacturing services. They have facilities that are  equipped with state-of-the-art machines and also follow robust quality processes and standard procedures that are  adopted by major global aerospace companies.The automotive and aerospace manufacturing companies are facilitated with sufficient opportunities to focus on the core requirements of their business for an increase in competency levels and more rewarding results.

With aerospace product and parts manufacturing, as parts the become smaller, the quality and the precision of the end components becomes extremely critical. At the same time, heightened global competition squeezes manufacturers for tighter margins, higher efficiency, and lower costs.

Engineering outsourcing services provides solutions are flexible, and the products can be delivered quickly to the market. They have the required proficiency for having extensive manufacturing experience to take decisions from the grass-root level of process planning, simulation of cutting process and fixture designs and tooling. These engineers work collaboratively within a team to arrive at a right design which would yield the required end results like reduced cycle time etc.

Look for a service provider that has an excellent reputation for complete management of complex projects, particularly for aerospace and military electronics manufacture. Efficient outsourcing services will have a dedicated service  team and engineering expertise to ensuring that  quality standards are successfully met.

Related Links: engineering services, engineering consultancy service

Managing Innovation -The Key to Business Success and Growth

21st century is seeing innovation at the core of business competency. With aggressive competition and need to survive through the global economy, organizations need to be creative. Innovation which has been till date been considered only for new product development has become vital aspect for business growth.

 

The present scenario does not allow businesses to compete on the basis of price tags alone.  With lower transportation costs and better communication, markets tend to move away from the developed to the developing countries. To stand fast against such challenges, organizations need to innovate.


Innovation today is about small incremental changes to products and services and needs to be linked to the strategy of business planning process. Ideas for innovation can come in from any business quarter and is not necessarily dependent on the R&D. Irrespective of the source of generation; ideas form a valuable source of information for future innovation products making idea management  a necessity.  Innovation for the organizations involved in product development, are based on ideas focused towards improvement of product and process rather than being completely innovative.  For start-ups on the other hand managing innovation  is the key to attain visibility, acquire clients and sustain business.


Most organizations have innovation hubs wherein all the creative thoughts and innovative ideas are collated and coordinated. Creative thoughts can stimulate ideas for innovation in business, product innovation, market or process. ‘Personera’ the personalized product platform on Facebook for various brands took up a marketing innovation tactic through three steps:


* Hiring and promoting a website – which gave them the required leads

* Launching the website with the help of a third party service which gave them unique visitors on the first day itself

* Acquiring users through Facebook feeds after product purchase- this made the website  viral


On the other hand, Netflix a successful dot.com venture made use of innovative management solutions for  long term success. What the organization adopted was  creation of innovation culture by providing employees freedom rather than limitations. This enabled them to help employees bring out the creative and innovative ideas. Netflix with its idea management solutions could easily manage innovation and creativity among its self-disciplined and high-performance employees in an informal environment.


Today with innovation being vital for the success and growth of business, enterprises need to adopt an integrated approach to manage innovation rather than considering a piecemeal approach. Leading service providers have designed and developed innovation management software for the benefit of the new age global enterprises to collate coordinate and manage innovative ideas from offices spread world-wide.


Read More About: capture ideas,  idea management system

Respond To Phishing Attacks With Anti-Phishing Tools

When you are browsing through the internet or checking your mail, it is very common to come across unknown pop-ups and strange URL links, which lead you to fraudulent web pages. There have been numerous instances of individuals and employees of well-known brands clicking on these pop-ups and URL links and losing their vital corporate and personal data. This is popularly known as Phishing and is a vicious byproduct of social engineering, that aims to rob you off your private data and even corrupt your computing device.

 

The majority of the Phishing attacks today are designed and aimed by the third party intruders for the naïve individuals who are unaware of Phishing. In order to combat this situation there has been various anti-Phishing and employee awareness programs but all of it provided a restricted perspective on security and Phishing attacks. Top notch market players today have been utilizing new-age  technology coupled with employee research and have come up with a revolutionary anti-Phishing software that safeguards the individuals/employees from Phishing attacks and creates a prioritized action plan that helps to minimize the occurrence of potential hazards.

 

As social engineering is increasing its adverse effects, Phishing awareness too is a critical concern today. These attacks lead to monetary loss as well as brand erosion. There are times when the losses take excess time retrieve and by that time the brand suffers a negative brand image and fighting back to gain its original position becomes complex and challenging. The private data that are robbed and leaked by third party hackers through Phishing include email id passwords, credit/debit card details. Visa details and other data such as business plans and business forecasts.

The standard Phishing security programs that are available in the market can only address the process and technology used in Phishing protection. Few other solutions also focused on the “person's risk” factor. A latest trend has been the “incident” oriented approach that entails in making the employees and individual empowered by the knowledge about phishing attacks. Other benefits of anti-Phishing tools include the following:

* It enables organizations in evaluating the probable risks associated with phishing

* The software has flexible reporting capabilities and can incorporate them back into the organization’s main performance-indicator framework.

* The solution provides a detailed “road map" solution that emphasizes on the security awareness and training within an organization.

* It enables in recognizing the weakness within people, process and technology links.

* It facilitates prioritizing remediation attempts through effective benchmarking and maturity assists in maximizing the employee awareness and knowledge to help guard sensitive information.


Thus, we see that new-age  solution providers of anti-Phishing software/solutions enable the organizations to evaluate their employees’ aptitude towards Phishing attacks. The solution hence not only concentrates on computing equipments but also about transforming people’s point of view about Phishing and overall IT/software security.


Read More About: Simulated phishing attack, protection from phishing

Data Center Solutions for the Global Enterprise

The entry of  enterprises into the globalization folds, required them to maintain large databases from across various location. The technological innovations over the years have helped these global organizations with the development of data centers. However, the bulk of workload in the data centers demands their continuous working and around the clock availability leading higher power consumption and skyrocketing costs in its operations. Further as organizations grow and expands, the IT departments need to ensure that the infrastructure meets the demands. However, as technology advanced further, the data centers today have got a new perspective.

 

Data centers today are no longer just repositories of corporate data and applications but are scalable strategic assets meeting the growth of digital data. With innovative data center solutions, the modern day data center equips the enterprises with high-quality, reliable and efficient performance based computing and storage servers.Further, the ever changing demands of the customers reflect upon the functional requirements of the data centers. Hence these data centers must be so designed  as to be able to execute the functions methodically without disrupting the organizational requirements while adhering to the changes in business drivers.


Storage server however were stand-alone devices in the data centers used for transferring data to the end-users within the network. The requirement of multiple storage devices was met by connecting these to disk arrays. Further, network outages and application failures will  lead to customer dissatisfaction and financial loss for the enterprise. Optimizing a data center in line with business requirements, technology processes, key domains and people is a complex issue.


Such  complexities along with  the need for increasing data center size led to the development and implementation of data center solution. This will  enable IT professionals and data center managers to efficiently access servers, networking devices, and other mission-critical equipment. Providing data center solutions with provisions for rack space to meet the requirements  for high-end data storage, use of cloud-based applications and document sharing  led to the development of scalable servers and custom computer systems.


Along with increasing demands for greater performance, efficiency and cost savings, data center solutions also need to ensure safety of the enterprise's data through a reliable  reliable power supply either through diesel generators or battery backup systems. With high performance computing systems, open architecture, best-of-breed components and unified storage solutions, the  solutions offered by leading service providers are not only redundant and fault tolerant but are also maintainable and manageable solutions to meet mission critical requirement. Such effective data center solutions will not only help in accelerating  service delivery but will also  improve profitability and reduce risk in expansions to new markets.


Read More About: data centre solutions, high performance computing cluster

Drive Business with Social Analytics

Today the social gaming market is exploding with a whopping 81 million people playing each day while 49 million people playing multiple times a day. As for Facebook, more than 200 million people play games on Facebook. As more players play social games, they start spending money on virtual items, which over a period of time becomes a significant revenue stream. Besides, revenue from advertising is also growing exponentially.

 

Moreover, with social game monetization opportunities existing, social media sites would continue to include social gaming on their networks. Therefore, it can be said that the social gaming industry has started to generate real revenues and a marketplace that could soon constitute a good chunk of the social e-commerce market.

 

This has been substantiated by a recently published Gartner report, which estimates that the social media revenue would go up by 43% to reach $16.9 billion in 2012 from 2011 revenue of $11.8 billion. According to this report, the largest source of social media revenue is advertising followed by social gaming. Social gaming revenue more than doubled between 2010 and 2011. And as per the report, the social gaming market is also expected to reach $6.2bn in 2012 with revenue from subscriptions reaching $278m.

 

According to Neha Gupta, a senior research analyst at Gartner, “,…… Social media sites are becoming more innovative in their ad products to attract marketers, ……….. Social media sites enable marketers to target ads to discrete consumer segments by unlocking the interconnected data structures of users that include lists of friends, their comments and messages, photos and all their social connections, contact information and associated media……….. Social networking sites should deploy data analytic technologies that interrogate social networks to give marketers a more accurate picture of trends in accordance with consumers' needs and preferences."

 

With social gaming and social commerce providing a unique opportunity for companies to understand the customers’ activities, behaviors and demographic profiles, enterprises must start investing in social media analytics tools

 

  • Track data across many social platforms
  • Tap into the customer behavior insights trapped in the ever-expanding social media data
  • Get valuable, actionable user insights on a real time basis

 

Learn more about :  engagement metrics