Business Management TBC

Exporting in Malaysia is subjected to the “First Schedule to the Customs Duties of 1988” that lays down the procedure for charging export duty that is applicable to particular types of goods. The goods meant for exporting in Malaysia, whether by air, sea, rail, road or pipeline, are subjected to pay duty or duty free, must be presented for examination at the place of export or at any other place that is considered appropriate by the custom authorities. It is necessary to lodge an export declaration in order to get the permission for a particular export. The Export Declaration Form can be filled by the owner of the firm, the exporter or agent that is approved by the custom authorities and is authorized by the exporter or the owner.

The goods meant for exporting in Malaysia should also be accompanied by certain documents like commercial or export invoices, documents ascertaining the origin of the goods, relevant bank documents, necessary export license, especially if the goods are restricted and prohibited by the Customs, packing list and KPWX form for Foreign Exchange Control if the worth of goods exported is equal to or exceeds RM 100,000.

There are certain goods that are absolutely banned for export in Malaysia. The list includes turtle eggs, rattan, petroleum and related products, arms, weapons, ammunition, military equipments including vehicles and spare parts, and equipment for police. The goods prohibited from exporting in Malaysia, unless accompanied by relevant export license include sugar, rice and paddy, eggs, meat, live animals, cockles, skin and parts of birds, minerals and ores, plants, coral, live fish, oil palms, milk and related products, rubber seeds, waste paper, logs and timber, scraps of iron, copper, tin and other metals, palm seeds and all goods to Israel.

In a current scenario, those involved with exporting in Malaysia are expected to experience negative growth because of the global recession. However, as per the report released in 2008 by Ministry of International Trade and Industry, Malaysian exports will continue to gain significantly because of the increasing demand of its goods in countries like United States, Japan and those belonging to European Union.

Electrical and electronic goods, chemicals and chemical related products, machine and related products, appliances and related parts will remain the major items that are exported from Malaysia during 2009. Major regional markets for Malaysian goods including ASEAN countries, Africa and West Asia are likely to maintain their requirement for the goods exported from Malaysia in the year 2009. Furthermore, the manufacturing sector will remain the main leading export sector in 2009 as it was in 2008. Electrical and electronic goods are expected to be the main products that will lead the export sector in Malaysia in 2009. Other major exports that are expected to be mainstay of the exporting business in Malaysia in the year 2009 include petroleum and related products, crude rubber, palm oil and liquefied natural gas (LNG).

Exporting in Malaysia has improved during the recent months as in comparison to the first quarter of 2009 mainly because of the rise in demand for Malaysian goods in China and ASEAN countries. The exports in Malaysia are expected to grow further with the recovery of the major world economies.

Business management software is an application which is used to carry the business activities efficiently. Their main purpose is to increase and measure productivity, and perform other business functions as well; thus, keeping a track of the entire business process. In recent times, the demand and popularity of business management software has increased. Although, small business management software is also available in the market, it is the medium and large scale businesses that require them the most.

However, every business in today’s world has to depend on business software for their job to be done properly. Below cited are a few instances:

Smaller businesses require basic accounting software along with office suites to carry on their task effectively.

Specialized business management software is needed for medium businesses, owing to their size. In this case, apart from computing accounts, the business software performs other functions too, like maintaining a client base and also the processes involved in each transaction and service. The software needed for such businesses include human resource software, groupware, accounting software, shopping cart software, relationship management software and others.

Larger businesses often employ High End Business Software. This includes enterprise content management, business process management, enterprise resource planning, and others. They have a larger scope and have greater functionality, owing to the diverse tasks of larger businesses.

Apart from such specific software, basic applications also serve as business management software like Word Perfect, Microsoft Office, Lotus, Spreadsheets and others. This software is now inevitable as to carry forth your business accurately and efficiently, installing them is essential. It helps to review the progress of a business and take necessary steps for improving its performance. However, before selecting software, one must understand the needs and requirements of the business first.

Voyage Estimationand Accounting are two functions that are crucial to the profitability of your shipping business. In the traditional shipping operations, these functions frequently engaged droning manual tasks and experienced workforce to perform such. Nowadays, shipping operators are no longer bound to such complex and demanding tasks involving additional workforce and loads of paper works that are prone to errors. IT companies have developed Voyage Estimation andVoyage Accounting softwarefor more efficient day-to-day shipping operations.

These software applications can perform several voyage calculations at a time, without much effort. They feature centralized databases for handling transactions and generating real-time reports on the status of each vessel.Additional features include automated port costs and canal fee calculation, charter cost calculation, integrated distance table, invoice reconciliation and voyage result analysis. These features are essential in ensuring that operators monitor their voyage profitability.

Voyage AccountingandVoyage Estimation softwareare very useful in budget management and checking the accuracy and reliability of financial transactions.By providing near accurate estimates for each voyage, shipping companies can compare different alternatives and consider the most economical options to avoid unwanted expenses.

One example of advanced shipping software used by many shipping companies nowadays is Softship’s LIMA Voyage Management and Estimation Software VOYCES . The LIMA VOYCES software has a user-friendly interface, which provides accurate and updated information on the various aspects of voyage operations such as charter costs, canal fees, port costs, port distances, and estimated time of arrival. It offers a cost-effective way of managing voyage productivity without compromising service quality. It is also cheaper compared to most shipping software of its kind which can be purchased in the market these days.

LIMA VOYCES is designed to support all types of calculations associated withvoyage estimationand accounting. Shipping operators can use it to check on more than one vessel at a time, compare different voyage schedules, check voyage results and reconcile invoices with ease.

Some companies develop their own shipping software to address specific needs and preferences, while others simply purchase packaged software for convenience. These software have built-in features to enable users to configure applications to handle specific requirements.

When choosing a reliableVoyage EstimationandVoyage Accounting software , consider the following important factors:

1.Compatibility with your existing shipping platform.

2.Capability to manage end-to-end business processes.

3.Excellent reporting and analytics features.

4.After sales support from supplier

As the internet has become a business necessity, and large amounts of manual tasks have become automated, shipping companies should keep up by improving the efficiency of their mission-critical operations to generate higher revenues. Voyage EstimationandVoyage Accounting softwaredo not only make shipping operations run smoothly and error free, they can also fundamentally improve the bottom line.

Corporate Performance Management (CPM) have become key factors in deciding whether an organization is able to achieve its business objectives and targeted revenue. As the name suggests, Corporate Performance Management, an important aspect of business intelligence (BI), deals with performance of an organization based on certain factors such as return on investment (ROI), operational and maintenance costs, expenses, profits, and overhead. These factors are also referred as key performance indicators (KPI).

For tracking and to enhance Corporate Performance Management, many organizations make use of Enterprise Resource Planning (ERP) software. When ERP solutions are used in conjunction with Oracle Hyperion, a vast amount of valuable and key information of an organization’s performance and financial growth can be dug out. To elaborate, with the information gathered by Oracle Hyperion, it is possible to find out the loopholes in the different phases of a project, lack of technologies that are affecting a project, and factors that may help to figure out better and new financial growth.

What is Oracle Hyperion?

Oracle Hyperion is an appropriate solution for managing different aspects of finance, forecasting, preparing financial report and budget, managing database, analytics, planning and revenue management. Hyperion includes different solutions for various purposes:

1.Hyperion Enterprise 2.Hyperion Business Modelling 3.Hyperion Master Data Management 4.Hyperion EPM Workspace 5.Hyperion Intelligence and SQR Production Reporting 6.Hyperion Strategic Finance 7.Essbase 8.Hyperion Performance Scorecard 9.Hyperion Financial Management 10.Hyperion Financial Data Quality Management (Also known as FDM) 11.Hyperion SmartView 12.Hyperion System 9 BI+ 13.Hyperion Web Analysis 14.Hyperion Financial Reporting 15.Hyperion Planning

Explaining each product of Oracle Hyperion is beyond the scope of this article. However each product may be explained in detail in succeeding articles.

Oracle Hyperion training

With Oracle Hyperion offering a vast array of solutions for corporate project management, financial and business intelligence purposes, it has gained popularity tremendously among organizations. With its usefulness, organizations are adopting it at a fast pace. Not surprisingly, many professionals are enrolling for Oracle Hyperion training and certification programs as they have realized that how Oracle Hyperion can change the dynamics of revenue generation, business management and the way it can help to better their career path. There are many institutes and organizations that offer Oracle Hyperion training for professionals and corporate training in Oracle Hyperion. Corporate training in Oracle Hyperion is for organizations who want to conduct training to their employees in their own organization. Among all training programs on Hyperion products, Hyperion Essbase training or Oracle Hyperion Essbase certification is the most popular training program. The reason being Oracle Hyperion Essbase certification training focuses on largely on building multi-dimensional database management platform which plays a big role in deciding how information is disseminated and exchanged across the organization and how it can be stored and accessed.

Thus with loads of advantages that Orcale Hyperion provides in managing information and to make business intelligence decisions, getting training on any Oracle Hyperion products as per the business requirements can help professionals to achieve quick growth in an organization.

Ben Feldman was one of the most prolific insurance agents in the world. From 1942 to his death in 1993 he sold $1,800,000,000 of Life Insurance for New York Life. During his life he held the world record for the most products sold by a salesman in a career, a year ($100,000,000), and in a single day ($20,000,000). Near the end of his career, his annual commission totals were over $1,000,000 per year. Here are the Sales Secrets for Mr. Feldmans success:”

1. Be More Creative
Use your intelligence and your imagination to continually develop and execute your attitude, image, enthusiasm, potential, discipline, plan, thinking, ideas, call, problem defining and solutions, belief in the products you sell, advance your product knowledge, relationships, confidence, and persistence.

2. Develop Your Positive Mental Attitude
The biggest asset you have is your earning capacity, and that depends entirely on your attitude. Attitude is your first and most important factor!
You know that you must sell! Youre not waiting for people to buy!
A positive mental attitude –more than anything else, — determines your earnings. If you decide you are going to lead and feel wonderful, strong, excited — then you have the power to move mountains!

3. Stick With It
Who says there is no sale pending? All is not lost. Follow-up! Follow-up! Follow-up! The sale may be next month or next season or next year, or in 17-months, so stay with it.

4. Stay Enthusiastic
The most important person to get excited and enthused in the sales interview is the financial professional. Enthusiasm is nothing more than the excitement conveyed by your voice and convictions.

5. Be Dissatisfied
People who are perfectly satisfied with the way they are living, and the way they are doing their job, are in a rut. If they have no driving urge to be a better person, or to accomplish a better job, then they are standing still.
And, as any successful financial advisor will tell you, this means the same thing as going backwards. One of the greatest human traits is the total inability to be completely satisfied with our own work. The feeling of having completed a job well is rewarding. The feeling of having done it perfectly is fatal!

6. Prepare With Care
Organize your ideas into a simple sales presentation. Spend more time in preparation than in presentation. Never call on a person unless youre prepared. The sale of financial products is a procedure, not a problem. This becomes a problem when it stops being a procedure.

7. Make Your Calls
One of the keys to selling is simply to make the calls. Dont try to make the sales before you visit, just make the calls, and your sales will follow.

8. Pay Attention To Your Image
Your image does not take care of itself! If you dont take care to promote your image, then your competition will take care of your image and your competition will also take care of your sales!

9. Find The Problem
Simply look for the problem! When you find the problem, make sure that you have identified it! That you recognize it and you understand it so well you know the price of doing something about it, and the price of doing nothing about it. Pinpoint the problem! Problems have price tags!

10 Fit The Right Solution To The Problem
Your work is to make the financial product fit. You know, when you buy a pair of pants, or a pair of shoes, you dont just buy any pair. You make sure the fit is precise. Like a tailor with a bolt of cloth, you must make the product fit.

11. Keep Your Solution Simple
Sell a package a very simple package designed to do a special job.
Sell a policy designed to make sure a spouse will never be dependent on the children, a policy designed to convert bricks and steel back into dollars, so a family ends-up with cash instead of frozen assets. I repeat, sell very simple packages! Merchandise simple clean-cut packages. Regardless of size!

12. Sell Softly
Dont back your prospects into a corner and force them to make decisions. Dont push. Lead. Be a leader! “Let me put this together and you take a look.”

13. Ethics And Honesty
Always remember that ethics and honesty are proven to pay best! The best interest of the client always comes first.