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What is an audit trail? An audit trail is a line-by-line record of trade details, accounting, and other financial information that can be traced to its specific source. Audit trails are often used to verify and track various transactions for organizations. These transactions could include purchases, sales, revenue, net earnings, and expenses. Documents within an audit trail include business invoices, written estimates, purchase orders, and any emails with transaction details.

To work in human resources is to be inundated with repetitive, time-intensive and error-sensitive tasks, day in and day out. Fortunately, it’s become easier to automate these tedious tasks and allow HR personnel to focus their time and energy on expanding their strategic and creative thinking. 

Whether you are a hospital, private clinic, ancillary health care services provider, or health-related business, as long as you handle medical and patient data, you must adhere to HIPAA guidelines.

Did you know that the use of car seat belts wasn’t mandatory until 1984? Even today, in 15 of the 50 U.S. states, not wearing a seat belt isn’t a violation. However, the 1968 Motor Vehicle Safety Standard was the first regulatory compliance that made it mandatory for car manufacturers to provide seat belts for all vehicles. In other words, car manufacturers have to offer seat belts, but drivers don’t always have to use them.

Data is the lifeblood of business. Protecting it has never been more critical.

From creating to-do lists at the start of the work day to creating a plan of action to meet friends, good planning and processes go a long way.  

Accounting is one of the most important, yet daunting and expensive departments in almost all companies. Accountants oversee all financial operations of a business to help it run smoothly and efficiently. These include preparing and analyzing financial statements (e.g., cash flow, income statement, balance sheet), paying taxes on time, and maintaining the companies’ general ledger (GL). All these tasks require a great deal of human interaction that takes time and money; no matter how careful an employee may be, there is always the chance for human error, which could snowball and lead to devastating financial results in the future.

What are content libraries? Content libraries are a collection of digital assets a company owns and uses for marketing initiatives. These libraries organize assets and create a hub for all the necessary resources.

I’m sure many people have heard the term GAAP used in one conversation or another, but unless you are a seasoned accounting or finance professional, you might know little about these important regulations, besides what the acronym stands for. 

Networks are an essential part of every business.