Bring Your Own Carrier (BYOC) allows businesses to select a public switched network (PSTN) carrier to connect to their existing cloud-based platform. This enables them to keep their current carrier for continued telephony access while benefiting from cloud communication features. Other benefits include lower overhead costs and wider geographic coverage. Continue reading to learn more…
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What Is an Applicant Tracking System? A Small Business Guide
An applicant tracking system (ATS) is a software application that helps organizations identify, select, and track job candidates throughout the hiring process. Companies of all sizes use these tools to manage their recruitment processes and improve their hiring efficiency. Many types of ATS systems are available, but they all share some common features. Most include…
What Does General Liability Insurance Cover? A Closer Look
General liability insurance covers small businesses for financial losses due to third-party claims of bodily injury, reputational injury, or property damage to others. It is an essential liability coverage for all businesses, given that all businesses are exposed to these types of risks. If you’re looking for general liability insurance for your business, working with…
Special Event Insurance: Cost & Coverage
Special event insurance is primarily a liability insurance policy for a business, vendor, or individual hosting an event. The policy provides coverage for injuries and damaged property, with additional options like weather cancellation. Unlike other insurance policies, special event insurance is a policy with one payment, with policies ranging from $100 to $400 for an…
Free Credit Card Processing: Types, Legality & Solutions
Top merchant processors now offer fully compliant, free credit card processing programs that are easy to set up and automate.
Free credit card processing, also known as “zero-fee” or “zero-cost” processing, refers to the process of passing some or all of the fees associated with payment processing along to your customers, so your business is essentially paying nothing to process credit card payments. While this expense-cutting strategy was unpopular in the past because it places…
What Does a Property Manager Do? Duties, Costs & When to Hire
Property managers handle residential and commercial real estate for property owners and investors. Their duties encompass a variety of property management, maintenance, tenant selection, and rent collection tasks. However, the specific responsibilities of a property manager depend on property type, contract terms, and compensation. On average, property managers cost from 8% to 12% of the…
What Is a Press Release? Definition, Benefits & How They Work
By definition, a press release is an announcement sent to the media that delivers newsworthy information. Small businesses use press releases to cultivate positive publicity and brand awareness for their companies. Journalists use press releases to find stories they can share to engage and grow the size of their audiences. When I worked in the…
What Is a POS Terminal?
A point-of-sale (POS) terminal is a hardware system containing one or more devices and accessories, all with the main purpose of processing customers’ payments. To fulfill this purpose, the terminal should, at a minimum, include a desktop computer or mobile device (such as a tablet) with a card reader. With a good POS system, the…