Category: Blog (Page 2 of 12)

Every year, thousands of new businesses are born in Ukraine which makes it a startup hotspot. They work hard to attain their objectives. This is how billionaire businesses are created. Among Ukrainian startups, there already are several unicorns that have gained global recognition. And each of them has enormous potential in the future. In this article, we collected information on companies on the list of unicorns and how they continue to operate during the war.

Unicorns are startups worth $1 billion or more. Unicorns have recently emerged from quickly rising and developing businesses such as the IT industry. Most unicorns are trendsetters in their sector, consumer-oriented, and aiming for the global market.

A further indicator that Ukraine is actively working, even when at war, is that AirSlate, a Ukrainian company, has recently received unicorn status the middle of 2022. AirSlate’s Kyiv headquarters employs around 800 individuals, albeit they have shifted to remote work since the full-scale invasion.

AirSlate is a company that provides workflow setup and automation solutions for document generation, contract administration and negotiation, robotic and digital process automation, and workflow automation software. The AirSlate community is actively involved in humanitarian activities and has committed to #StandWithUkraine and has set aside $1.5 million for humanitarian initiatives for its team members and their families.

Reface is an innovator in the use of AI/ML technology to create customized content. The Reface app quickly rose to the top of the App Store and was named one of Google Play’s best applications of 2020. Face-swapping technology developer aiming to swap faces in pictures, GIFs, memes, and videos. The company’s technology automatically converts uploaded photos into interesting things, allowing users to simply modify material and create personalized content.

Reface initiated a global marketing effort that reached millions of people worldwide during the early days of russia’s massive attack on Ukraine. Reface is also organizing a fundraising effort to help address the humanitarian needs of Ukrainian residents and activists. The purpose is to get humanitarian aid to Ukrainians as soon as possible.

Ajax Systems is an organization that specializes in wireless security alarm systems. It is a technology startup that creates smart home security systems and sensors. It includes wireless window and door opening sensors, as well as movement sensors.

The startup is expanding into Argentina. The organization plans to grow its regional presence and establish a local team. The “Air Alarm” app for iOS and Android was developed by Ajax in collaboration with Stfalcon.com and with the help of the Ministry of Digital Transformation. He is already working in 12 locations in the country to keep people safe at this time.

GitLab is a DevOps platform provider for the software development lifecycle. In 2014, it was officially launched. It provides portfolio planning and management by organizing and tracking progress using epics, groups (programs), and milestones. The company assists teams in designing, developing, and managing code and project data using a single distributed version control system.

Grammarly was formed in Kyiv in July 2009, and the company became a unicorn in the same year. The software program is provided by the Corporation, which is situated in San Francisco, California. Grammarly also has offices in Vancouver, New York City, and Kyiv. The company’s first software package was offered as a premium subscription product and an online editor. The purpose was to assist students with their writing and to teach individuals the fundamental building elements of the English language.

So, we looked at unicorn companies and how they support Ukraine through the russian full-scale invasion. Until now, the war has placed doubt on engagement with Ukrainian firms. Yet we see that local companies do their best to not only successfully operate but also help the country.

To prevent tuition management from becoming a full-time job, many schools and child care facilities have turned to automated systems. In this article, we’ll look at 7 reasons why your business might need a Tuition Management System (TMS).

What is a Tuition Management System?

Before we dive into whether a TMS is right for your business, let’s understand exactly what a TMS is. These systems are web-based software solutions that improve the student billing and payments process and enable schools to collect tuition and fees in a timely manner. They make it easier and more profitable to run your business, it’s a win-win.

Reason 1: TMS can lessen the amount of paperwork you have to produce by handling receipts.

School administrators spend a large portion of their time issuing receipts. For understaffed schools and child care centers, this can be a long and arduous process. However, software systems for managing tuition payments can automate this task and free up your time. 

Reason 2: Software for tuition management tracks all payment reminders.

One of the biggest reasons school and child care centers lose revenue is not from failed student payments but from forgotten student payments. Unless reminded, parents can easily forget to make a payment and if the school and child care centers aren’t tracking receipts and sending out payment reminders, it can fall through the cracks. TMS removes the worry by automatically sending out reminders for student bills which not only increases on-time payments but also saves valuable time for the administration.

Reason 3: TMS makes it possible for students to pay tuition on an automated basis.

 Long gone are the days when we need to remember to make our payments. Cell phones, internet, Netflix, etc, most payments these days are set up to pay automatically. No more finding bills in envelopes past their payment deadlines. With TMS parents can set up automatic payments to ensure they do not miss any tuition payments. Not only does this provide peace of mind for parents, but also for school administrators who no longer need to track parents down to make their payments.

Reason 4: Increase the speed of payments received with TMS. 

Paying bills online is faster than writing paper checks and mailing them in. If your bank or the parents’ bank puts a hold on your account, you have to wait while it clears. Electronic payments are faster, more efficient, and less wasteful of your time. You even have the option of declining cash payments altogether. The less time you spend sorting this out, the more time you can spend elsewhere on your business like providing the best care possible to students.

Reason 5: Consistent and reliable cash flow

One of the biggest factors that dictate whether or not a child care center or school will be successful is consistent cash flow. The major disruptor to this consistent cash flow is late payments. Without a steady stream of income, bills go unpaid, and potential upgrades are delayed. Dipping into your savings because one of your parents forgot to pay can cause massive disruptions in the business, sometimes even leading to closures. In addition to steady cash flow, a TMS will also easily track in real-time all revenue in a user-friendly dashboard which makes running the business smooth and transparent.

Reason 6: Time back to focus on what you really care about (and why you started the business in the first place)

In order to run a successful business, it is essential to understand the importance of delegating responsibility and minimizing distractions. It can be easy to become overwhelmed taking care of the administrative side of the business, chasing payments, and sorting through papers to find receipts. And let’s be honest, the last thing anyone wants to do after the end of a long day s be waist-deep in paperwork and call parents about payments. With TMS automation and a streamlined process, you get back time in your business to focus on the things that you love about your business. The most innovative daycares have managers who recognize the importance of automation in their operations. Automation clearly improves productivity and allows staff to focus on more productive tasks at the end of each day or week.

 Reason 7: Finally take that vacation you’ve been dreaming about!

 Business owners love the idea of taking time off but often fear being away from their business for too long, expecting things to fall apart without their presence. With TMS, the business can run smoothly! An easy-to-access financial dashboard will help plan future efforts, such as scheduling a vacation. One of those efforts (or the lack thereof) is some actual me time. Planning a vacation is far more comfortable when you take things off of your plate, allowing you to automate your day-to-day tasks.

Takeaway.

Investing in a Tuition Management System (TMS) is well worth it for both your school and your students’ families.  

Are you ready to start using a TMS in your business?

The best software on the market with the highest customer satisfaction and reviews is TUIO. TUIO is an online tuition management system for schools and other childcare businesses.

Here are just some of the incredible features offered by TUIO tuition management systems  and why we love them:

 

• Cost Effective: As a self-service solution, parents can register students, make payments, and access info without you. 
• User Friendly: Onboarding involves one 1 hour meeting to launch TUIO to staff and parents
• Useful Information: An all-in-one solution ensures data is collected and transferred in the same way.
• Secure Transactions: All sensitive information is tokenized and encrypted directly with the banks to restrict any unauthorized third-party access.
• Extra Support: A dedicated TUIO rep will get you the most out of going online.
• Go Paperless:  An all-in-one solution means going paperless from registration to waitlist to graduation.

The world around us is constantly moving forward, advancing as technology advances. Those who don’t keep up with what’s new and what can transform business will be left behind while competitors taking advantage of new advancements will quickly take a step forward. This paints a very vague picture of what is happening with lending processes. As the rest of the world moves forward, their digital journey is anchored in the past. 

Banking, lending, and financial services is one of the foundational aspects of our economy – real estate purchases, business investments, saving for children’s education, buying a car, paying bills, investing, retirement savings, and so much more involve this industry. It doesn’t make much sense that something so important – something so integral to the processes of our country – would be so behind in technology. Unfortunately, it is true. 

What’s the Delay? 

The banking and lending industry is huge and one would imagine that it would see opportunity and advantage in embracing new digital ways of handling daily operations. So, what is the hold up? What has caused the delay in taking advantage of an easier, more efficient lending process? 

Well, first of all, having too many hands in the process is bound to complicate things. Consider, for a moment, what a flow chart from loan application to closing and funding looks like. Have you seen one? If so, you would see that the documents go through many different people, different departments, and different agencies. 

Here is an example of some of steps necessary for the lending process: 

• Customer engagement and application
• Credit analysis
• Credit presentation
• Decisioning and approval
• Covenants monitoring
• Portfolio risk management

And each of these steps has a long list of duties, tasks, and responsibilities that need to be addressed. Everyone has something to do at some point in the process and so these long, tedious forms are passed back and forth between dots on a flow chart for the next step of the process to be completed. 

Due to the nature of these processes, there are many forms and documents that need to be drawn up from information that has been passed around. Someone has to manually put all this together by pulling details from various complex documents in order for the loan agreement to go through evaluation, data entry, and, ultimately, the decision process. Not only does it make the process slow down, but it can also lead to human error. However, when it comes to the significance of these documents, there is little room for error. Seems like a recipe for disaster, doesn’t it?  

Getting everyone at every level on the same page in a digital journey seems like a daunting task. Perhaps that’s why it is rarely attempted. 

Mistakes Have Been Made

The idea of going digital has been passed around many conference tables where lenders have gathered. And, why not? The world is going digital so it only makes sense. While the idea sounded great in theory – and may have even been backed by a sincere desire to make it happen – it always gets tossed to the wayside. Each company that has tried may have gotten a little further along in making the digital transformation, but at some point, it just doesn’t work. 

One of the biggest mistakes is solely focusing on the end product – the cool, interactive websites, mobile applications, and automated services. What happens is all the work that it takes to put these things into use is overlooked. Often, the push to go digital is so strong that it is being hyped up and plans are being made long before the digital products are ready to deliver. It will take years to just plan and develop before the implementation can ever be put in place. 

See, to fully work, you’ve got to have all people on board. You would need to look at those who are currently handling processes and make sure they will be able to deliver when it comes to a digital situation. Systems need to be reviewed to see if they would allow everything to flow smoothly. Is CRM software currently being used? This can offer some insight as to how a digital workflow would go. There has to be a core infrastructure that will be able to handle this new journey. Finally, you can’t do any of this without a strategy. When building a plan, your strategy and operations need to work hand-in-hand. 

Again, the idea is great – but for many, it never seems to make it to fruition. It’s just too big of a job. Or, is it? 

How Digital Efficiency Can Impact Lending Companies

We talk about the word efficiency a lot and how it is a vital part of a successful business. It is the same for lending companies, too. Becoming efficient can have a significant impact on your business and your customers. After all, a process that flows smoothly will: 

• Increase borrower satisfaction thanks to less hassle and quick turnaround time
• Lead to greater profits due to less lag time in moving customers through the system
• Present you with organized, effective document storage
• Make you a leader in the industry

As many other industries are making their processes more efficient by implementing digital practices, it is only a matter of time before consumer satisfaction drops due to the current inefficient methods of lending companies. 

Some companies get it, others not so much. Either way, it is likely safe to say that those lenders who understand the need and urgency for more efficient, productive, and responsive processes understand the power of using advanced technology to make it happen. 

Streamline Lending Processes with Document-Centric AI

For those looking to step out and leap ahead, it is possible to streamline lending processes with document-centric AI. You cannot take the lending process as it has always been and make its paper journey now a digital journey. Rather, you have to recreate the entire process.  

Imagine being able to have everyone linked up with a software system in which lending docs just simply move through. There would be no need for emails or for 30 or 60-day reminders in the calendar. There also wouldn’t be a need for files saved in all locations that seem to disappear just when you need them. Rather, from the moment the loan application is received until it is approved, etc., it will move through the structured system. As notifications pop up, the appropriate person will be prompted to handle the next step. 

But, why stop there? This digital journey makes things even easier with document-centric AI. Instead of someone manually going through complex documents to locate the needed information – and potentially making an error – the software can automate the identification of documents that have been created and organized. Then, as these docs are needed throughout the process, they can be easily retrieved – with specific data found and added – and presented within a user-centric workflow. 

The review of loan docs will be systematic, efficient, and a fresh outlook for the industry. 

At Parascript, we understand that time-consuming processes in the workflow are not the way to find high efficiency and greater success. If you are interested in learning more about how document-centric AI can enhance the digital journey of the lending process, visit www.parascript.com. 

First Responders need to know how to deal with people in emergencies and react quickly to their surroundings. With the high stress that comes with the job, it is imperative that your paramedics and ambulance drivers are effectively trained. What better way to prepare your employees than with an ambulance simulator?

Simulators are the best option because it allows teams to be trained in a controlled and safe environment. L3Harris offers simulators and other L3 training that will help your trainees gain knowledge and become experts in their field. Because of simulators, once your employees are in the real world, they will know how to react and perform in stressful situations.

5 Benefits of Ambulance Simulators

An ambulance simulator provides several benefits. Below are five major benefits your team will experience with a simulator:

• Flexibility. From portable buildings to full-size classrooms, simulators can fit in a variety of spaces. This will help you reduce the cost of transportation of getting your trainees to and from where they receive their training. 
• Optimized training time. Simulators are tailored with a curriculum that will help reinforce what users already know and fill in gaps where a trainee can improve. 
• Fewer accidents. Trainees are assessed on decision making as well as critical thinking while driving in a simulator. This ensures that they know what to do and how to react before they get inside an actual emergency vehicle. With trainees learning these skills in a simulator, this will reduce the risk of accidents on the road.
• Reduced equipment costs. When you are training new employees in your vehicles, you run the risk of damage. Trainees who learn in a simulator are able to get the basics of operating a vehicle before even stepping in one. This saves you money on damages or wear and tear that can occur with training someone in your actual emergency vehicles. 
• Turnkey programs. The last thing many companies want to hassle with is creating an effective training program. L3Harris provides simulators with a built-in core curriculum to help train employees. By using a preconstructed program, you take away the guesswork of coming up with a program yourself, allowing your company time to focus on other things. `

Contact Us Today

Make sure your team is prepared for any situation with L3 training. Simulators are a proven form of training and can increase safety and productivity on your team. L3Harris can provide these and other services for your trainees. To learn more about ambulance simulators and other training products, contact L3Harris today. 

Good drivers are a necessity when it comes to your trucking business. With how many products are being shipped today in our rapidly growing economy, there is a lot of competition for good-paying jobs. 

You can improve your hiring process and get the best drivers on the road by looking for ways to stand out from other trucking businesses. The benefits of a truck simulator can save your company a lot of time while increasing safety and saving you money in the future.

How Truck Simulators Work

The truck simulator owes a lot to its predecessor, flight simulators which have been around for years. If you place a trainee in the cockpit of a plane too soon, this can present all sorts of danger. Similarly, if you place a trainee at the wheel of a truck, the same kinds of dangers exist. 

Before hitting the road, drivers need a safe environment to gain the experience they need with a truck’s instruments, visibility, feel, and gears. A truck simulator creates a safe environment to gain that experience.  The truck simulator gives the appearance of a cab of a truck; complete with a driver’s seat and controls. Computer screens give the driver a realistic 180-degree view. The software simulates what’s ahead, to the side, and in the side mirrors. Practical scenarios are presented such as driving in traffic, parking, and backing up. Responsive controls can simulate the feel of all types of trucks. 

Increased Safety

Increased safety is one of the biggest benefits of using a truck driving simulator. New trainees can log many hours of hands-on experience where they can make their mistakes where it’s safe. Simulator training is used throughout multiple industries including the medical industry where students can learn in a safe environment. Hundreds of hours can be logged by drivers before they get into the cab of one of your trucks. 

While being able to make all the common mistakes new drivers make without any real-world consequences, real driving situations are performed using a truck driving simulator. Supervisors can review the data and performance of trainees and document areas where improvement is needed before handing over the keys to your truck. With the driver training services offered in a simulator, mastery is possible without the dangers of the real world. 

Cost-Efficient Training

With the rise in fuel prices, the first stages of training can be incredibly expensive. Truck simulators require zero fuel saving you money while new hires can still log their initial training time. 

Your trucks already are delt a great amount of wear and tear because of the road. You can increase the lifespan of your trucks by avoiding the harsh driving that comes during training. Once training is completed, you can trust your drivers will have the necessary skills to avoid putting your trucks through unnecessary stress. 

Learn More about Truck Simulators

Truck simulators open up doors to a whole new world of truck driver training. As a result, you will get better-trained drivers and major savings on fuel and maintenance costs. Drivers will be able to practice common tasks like gear shifting, starting and stopping, and backing and parking. These tasks will feel realistic when using the advanced software provided with truck simulators. 

Road conditions of all sorts can be simulated like icy and wet roads. Drivers can experience what it’s like to drive through crowded urban cities or a poorly paved open road. Your drivers will be ready for any kind of road conditions.

Get all these benefits and many more with truck simulators. Your greatest asset is your driver. Create the most optimized training program for them that they wouldn’t get at other companies. Adding truck simulators to your training program will allow you to build the trust you need in your drivers.