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…
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…
Workers’ Compensation Dividend Plan, Qualifications & Types
A workers’ compensation dividend plan, or participating plan, is a way for employers to take part in the profits earned by their insurers. Basically, dividend plans reward employers for having fewer claims, and many employers choose them to save on their workers’ compensation insurance. How Workers’ Compensation Dividend Plans Work A workers’ compensation dividend plan…
What Is Organized Retail Crime? Consequences + Prevention
In recent years, there has been a new, unwelcomed trend haunting retail stores: organized retail crime (ORC). It refers to large-scale, organized shoplifting, cargo theft, ecommerce cyber-attacks, fraud, and other professionally orchestrated crimes against retailers. ORC is costly, difficult to detect, and highly organized—and erodes shopper trust. In this ultimate guide to ORC, we will…
Glossary of 72 Ecommerce Terms You Need to Know
With the vast number of ecommerce terms—plus new terminology appearing regularly—it’s important to keep abreast of the vocabulary you’ll encounter as an online retailer. Here, we’ve compiled an ecommerce glossary of terms and definitions with more than 70 of the most common acronyms, words, and phrases in use today. 1. 301 Redirect This is an…