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May 2017 Newsletter

on May 1, 2017 in News

May 2017  |  In this issue…

What the Accounting Standards Updates Mean for IT
Five Ways to Give Your Business A Strategic Refresh
Office 365: Take Advantage of Office Anywhere
• News From Teceri: Three Reasons to Consider Digital Signage
Why You Need to Get Serious About Cybersecurity
The Top 5 Office 365 Features You Don’t Want to Miss
Employee Highlight of the Month
• Letter From the President

What the Accounting Standards Updates Mean for IT
In late February, the Financial Accounting Standards Board issued an Accounting Standards Update relating to leasing transaction reporting, which affects any business that leases assets. The ASU on leases will take effect for public companies for fiscal years, and interim periods within those fiscal years, beginning after Dec. 15, 2018. For nonpublic companies, the ASU on leases will take effect for fiscal years beginning after Dec. 15, 2019, and interim periods within fiscal years beginning after Dec. 15, 2020. For non-public, calendar year-end organizations, adoption will be Jan. 1, 2020, with retroactive application to previously issued annual financial statements for 2018 and 2019. All organizations can proceed with early adoption.

Read more →

Five Ways to Give Your Business A Strategic Refresh
used with
permission from Microsoft

Do any one of these five simple refresh ideas and you’ll
help yourself manage your business goals, growth, and execution. Do all five and you have a perfect lean business plan.

Refocus Strategy

Strategy is focus. It’s what you do and what you don’t do.
It’s who is in your market and who isn’t. It’s how you’re different, and you hope better, than your competition. Take a step back from the day-to-day details and look at the long-term course of your business. Don’t do a big text, but do write down your key strategy points in bullets, do use as reminders.

Read more →

Office 365: Take Advantage of Office Anywhere
used with
permission from SBA.gov
by Tim Berry

If you canvas what is being covered by the media and statements
made by technology vendors, you might come away with the notion
that we’re all just years—or even months—away from being able
to have our own personal artificial intelligence (AI) assistants,
and businesses will be able to enjoy off-the-shelf AIs that
they can train to perform various complex functions.

It is seductive to imagine downloading open source AI software
like Google’s Tensorflow or Microsoft’s CNTK and training it to perform trend analysis on sales over the last 2 years to identify your best customers. Or, use it to pore over customer service interactions and online forums to understand customer satisfaction.

Read more →

News From Teceri: Three Reasons to Consider Digital Signage
Whether you have an older slide-the-letters in sign, a bulletin board full of memos or no sign at all, your business may be missing opportunities that digital signage can afford. Is a digital sign worth the investment? The simple answer is ‘absolutely’. The longer answer includes hundreds of reasons but for brevity’s sake, we’ve boiled them down to the top three:

Visibility

Getting your messages to the public, to your employees or to your existing customers is essential in day-to-day operations. But, chances are, the messages your sending aren’t reaching your intended audiences. This is because the methods that we choose are often not a good match for the way people prefer to receive them. Our brains are wired for visual data, especially if that information is in motion. In fact, the recall rate from digital signage, which uses a combination of text, images and motion, is 83%, much higher than other traditional forms of communication like email. Digital signage allows our audiences to focus in a way that their brains appreciate.

Read more →

Why You Need to Get Serious About Cybersecurity
used with
permission from HP Technology at Work

More than half of small
and midsize businesses in the U.S. have suffered a cyber attack in the past year—but despite this frightening reality, very
few businesses are making IT security a priority this year. That’s a big mistake, because small business owners are at a
greater risk than they may think for data security problems and cybercrime.

Read more →

The Top 5 Office 365 Features You Don’t Want to Miss

Whether you are considering a move to Microsoft 365 or are
already there, you may be surprised to learn the sheer
number of resources that are available to support you – regardless of your position or knowledge level. It would be
impossible to detail everything provided through office.com, but we wanted to give you five of our favorites:

1. LinkedIn Learning for You and You Teams

Read more →

 

Networking Technologies Employee Highlight of the Month
Andy Almquist, Software Developer
Networking Technologies

For nearly a decade, Andy has served as a Software Developer with Networking Technologies where he views the customer’s satisfaction as
paramount. “If the customer isn’t happy, I’m doing something wrong,” he explains. He works with customers to understand what is important to them so he can develop an application that meets their needs, saves them time and makes their job easier in the process. He also works with customers on maintaining these custom solutions and making modifications to further enhance the user experience. Andy holds a degree in Computer Science and, prior to Networking Technologies, worked as a Developer at both Synctomi and Tiresias Coding Corporation. He has been recognized
as an inventor on two patents in computer security systems and methods and systems for establishing the identity of an originator of computer transactions.

Read more →

Letter from the President

Strategic planning is not just done once every five to 10 years, especially when it comes to IT. Strategic planning helps you think through the next few years so you are able to take advantage of existing opportunities, avoid pitfalls and spend resources wisely. Yes, there is a component of IT to any
organizational strategic plan, but the question is: Is your IT strategy
aligned with your business strategy or does your IT team have its own
strategic plan for the next few years? If your answer is ‘no’ or ‘it
needs updated’, the changes to the Financial Accounting Standards make this a perfect time to start the process.


As you may already know, the Financial Accounting Standards Board issued an Accounting Standards Update that will take effect in 2018. This
change will move both capital and operational lease type purchases to the balance sheet. Have you considered how these changes will affect your IT purchasing and management? For some businesses this will significantly impact the way capital and operational expenditures are managed, including IT products. I believe this change is the perfect time to begin discussions on what the next few years look like for your IT strategy. If your planning skills are rusty, you can check out this month’s article on
giving your business a strategic refresh. We’ve also provided an article on how the new Accounting Standards Update may affect your IT services.


Of course, we are always here to help as well with any questions you may have or solutions you need.


From all of us at Networking Technologies and Teceri,

James Bahm
President, Networking Technologies

Monthly Quote
“Clear thinking requires courage rather than
intelligence.”
– Thomas Szasz
Monthly Cartoon

 

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