In the study of economics, it is a common practice to analyse and predict the actions of people assuming that they are perfectly rational and attached to monetary utility, the kind of people who have now come to be known as ‘Econs’. Nevertheless, it is most likely that all the employees in your organization are ‘Humans’, those who have emotions, feelings, and whose actions are governed by what we call today ‘Animal Spirits’ – these are the people you want to make happy. And as the saying goes, money can’t always buy happiness.
Non-monetary incentives can be a powerful tool in…
Today we will discuss how to walk the revolutionary road to a cloud-first banking future, a future that’s already here in the Middle East. Before we delve into the topic, let’s take a look at the latest precious commodity on bankers’ radars – customer data, or the “new oil.” This new oil is the reason why MEA leaders are jostling to win over banking customers—whether retail or corporate—and exploring new growth areas in a pandemic-stricken economy.
If data is the new oil then who might be the newest disruptors? Well, it’s not fintech anymore. It was not long ago that banking gurus…
According to a PWC report, improved working capital management can unlock a total of 1.2 trillion Euro or USD 1.4 trillion, increasing the Return on Invested Capital (ROIC) by 8.8%.
At the heart of every business, there is working capital or cash. Every payment received is like a heartbeat—a flow of cash pumped into the system which is then distributed through different channels across the organization to keep operations up and running. Which means a delayed cash payment, or an incomplete payment is like a missed heartbeat. And too many missed heartbeats can lead to an…
In this age of sophisticated cybercrimes, identifying and preventing security events are key to protecting enterprises from malicious attacks. Learn how to leverage Azure Sentinel - the best SIEM and SOAR solution in the market.
Employee satisfaction and loyalty can greatly influence productivity. To keep your employees happy and to bring the best out of them, it is essential for you to support their career development goals.
Developing a productive and high-functioning team takes disciplined practice. Teamwork can result in rocky interpersonal relations as members learn about each other. Here are 3 reasons why teams fail—and how you can avoid them.
Stay-at-home orders prompted by COVID-19 is challenging for employers, especially in companies who are implementing remote work policies for the first time. We ensured that our employees are productive, engaged and thriving. Learn how.
Non-monetary incentives are powerful tools in improving employee motivation and thus, productivity. Many organizations are increasingly adopting this new strategy to push their employees closer to their capabilities, more than what money…
Drive transformation boldly and put customers at the center of every strategy – Cloud-native banking services can offer you modularity, flexibility, rapid time-to-market and a robust base for scale and innovation.
Working capital determines the survival of a business. By transforming the Order to Cash or O2C process leveraging advanced data and analytics, an organization can unlock new avenues for profitability and operational success.
A mix of unforeseen challenges, uncertainties, and myths have stunted cloud adoption worldwide. Our latest episode of the Principia Cloud blog series highlights these in detail.
With almost 83% of enterprises shifting their workloads to cloud, businesses need to optimize cost by switching to automation.Here’s how you can save by auto provisioning