WhatsApp is gearing up to finally monetize its messaging app by charging large enterprise businesses for tools to better communicate with customers. For more than two decades, organisations around the world have been using shared services and outsourcing to improve service delivery and reduce costs within defined parts of their businesses. In the cycling rental business example we’ve been using, products and services could be a relatively simple section to complete or it could be fairly involved. It depends on the nature of the products the company plans to rent to customers.
This data can also be incorporated in a variety of other workflows for analytical purposes, providing previously unavailable levels of insight into a company’s procurement processes. These insights can help uncover inefficiencies to drive cost and time savings such as automating monthly payments.
The new Financial Accounting Standards Board (FASB) and International Financial Reporting Standards (IFRS) changes will require companies to be compliant beginning on December 15, 2018 (exact dates can be found here ). Ricoh’s Lease Administration Services helps businesses come into compliance with these new regulations. It delivers just the right combination of calculation and data management tools, automated process support, and scalable legal resources needed to find data in lease and contract documents and use it to meet compliance requirements with the new standards. At the same time, Ricoh’s data capture, aggregation, and analytical capabilities empower customers to turn their lease administration data into actionable insights to drive better business performance.
We work at the intersection of strategy, creativity, and technology to help our clients digitally reinvent their businesses. Partner with us to define your strategy, create exceptional experiences, and build your business, by design. Drawing on years of experience, our dedicated procurement team can advise on a range of solutions, ensuring best value to suit your strategy and budget.
Business services cover many varied sectors. They range from technical services such as engineering, architecture and IT, to other professional services such as legal services, employment services and facility management. As one of the largest service sectors, business services contribute to 11% of EU GDP.