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3 Benefits of Using Video on Social Media

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Worried about the low engagement on your social media pages? Then, it’s time to explore the magic of videos. As per the survey results by Animoto, 93% of businesses successfully acquired a new customer after posting a video on social media. In the post-pandemic world, videos are a raging trend. In this scenario, let’s delve deep into the 3 key benefits of using videos on social media. We will also explain how you can come up with a fantastic video using a video editor tool.

3 Top Benefits of Using Video on Social Media

How does Social Media help Brands connect with consumers

1. Video influences customers to purchase – Are you aware that attention spans are getting shorter?. Unlike earlier times, consumers just don’t have the patience to read piles of textual data. That’s where a short, attention-grabbing video comes into the picture. It’s pretty simple. Visuals are processed 60,000 times faster by the brain when compared to text. ( Sources: Sources: 3M Corporation and Zabisco)

There’s one more strong reason for you to come up with a video. Post the outbreak of Covid-19, most of the purchases have shifted online. As lockdowns are becoming quite common, consumers are increasingly using social media. The data released by Meta shows that in Italy, the number of Facebook and Instagram views doubled just in a week when the Covid-19 outbreak happened. However, the problem is that there are millions of videos out there on social media. Unless you come up with a fantastic video, yours will get lost in the ocean. 

The challenge is to come up with a video that conveys your marketing concept in a very short span of time. Thus, create a video that stands out from the rest of your competitors. Try to develop one that is informative. It should be engaging as well. Make sure that your video is short and throws light into your products and services. A video that is too long is not going to attract views. Do you feel that creating a video is a cumbersome task? Not anymore. With a video maker application, it’s pretty simple. Now, just choose one from a wide range of pre-made templates. In no time, perform your edits using the video editor. Also, include an audio clip in the background of your video. Last but not least, add your brand logo and colors to make the video more appealing. Let your prospective customers find it irresistible to make a purchase.

2. Video aids in building a strong connection with your audience – The purpose of creating a video is just not selling. Surprised? Yeah, more than selling, it’s all about building an emotional connection with your audience. Just take the case of a customer who views an engaging video on your social media platform. He may feel quite impressed by your brand video. In turn, he shares the video on his social media accounts. Naturally, the people in his connection list will also watch your brand promo.

In short, a video that goes viral can do wonders for your brand. It can help catapult the views from hundreds to millions in just a couple of hours. An appealing video helps boost customer loyalty toward your brand. In addition to buying your products, customers will also recommend your products and services to their friends and relatives.

When a friend or relative recommends a brand, there’s more credibility attached to it. It’s quite natural to feel that he/she is just one among them. No wonder, the survey results conducted by Nielsen revealed that 92% of the consumers across the world opined that they place more importance on earned media such as word-of-mouth or recommendations by friends and family members over all other types of advertising. Thus, the key lies in building an emotional connection with your audience.

3. Video is cost-effective – Now you have a fair idea about the benefits of creating a video with a video maker and video editor application. The next question that naturally comes to your mind is the cost. To start with, it’s a wrong notion that creating a video for your social media platforms will cost you a bomb. It is very much possible to shoot a video within a small budget that fits your pocket. Hire a professional who has expertise in video creation. He/ she can bring in several techniques to make your video more engaging.

The next step is to plan your shoot strategically. Just by shooting on a single day, you can create numerous short videos. There are various utilities for short videos on social media platforms. The different forms of video marketing include vlogs, tutorial videos, video interviews, presentation videos, product demos, video reviews, testimonials, etc. Videos can also be used on your website’s landing pages, email marketing campaigns, and paid ads.

As it involves investing money, you would be quite concerned about the Return on Investment (ROI). No worries. The survey results conducted by Animoto show that 88% of marketers are satisfied with the ROI fetched by their video marketing efforts. Now it’s your turn to make big bucks from video marketing. However, always remember that the video should be created in such a manner that it meets your marketing objectives. Last but not the least, your target customers are the ones who decide the fate of your product. Hence, give prime importance to their interests and preferences while creating your video. It will no doubt help you in reaping handsome returns.

Conclusion

Video is the future. Gone are those days when consumers used to invest time in reading lengthy blogs and other textual information. Nowadays, the trend is to communicate the product concept through a short attention-grabbing video that is informative and well-made. It not only helps in selling your product but also enhances the brand image and facilitates better product recall. The 3 top benefits of videos discussed above vouch for the fact that it’s worthwhile to invest your hard-earned money in video marketing.    

Things to Check Before Buying a Project Management Software

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If you already have a firm, project management software is a necessity. It assists you at every aspect of project management, from assigning tasks to setting deadlines.

There is no substitute for project management software if you want to get your project up and running quickly and efficiently.

Before finalizing your purchase or update of project management software, you must complete a checklist. It doesn’t matter what kind of project manager you are, and a checklist is essential.

You won’t have to worry about missing out on any features if you’ve prepared a checklist for acquiring project management software.

To get you started, we’ve put together a checklist for you.

Using Project Management Software: A Checklist

First, I’d want to tell everyone how well project management software may benefit you in various ways. The following sections go through some of the most important concepts to aid comprehension.

An Easy Way to Collaborate with your Team

How to Choose the Right TalentLMS to Build Strong Team

To get the best results from a significant project, it’s critical to have open lines of communication with everyone involved. The team’s work is made more accessible and more efficient with a project management tool. You may connect with the relevant team members on the right project using this tool.

Disbursement of Responsibilities

You’ll be able to distribute all of your team’s work after you install this program. Each member can be assigned a specific duty. You must review the tasks list if you’re unsure what your responsibilities are and when they are due. As a result, you’re able to clearly show which stages come after another and which ones are interdependent.

Proper Forethought

In the absence of appropriate preparation, nothing can be accomplished. As you are well aware, there is a lot of time involved in the project planning process. Using project management software, you can quickly create a hierarchy of activities that can be completed rapidly and effectively.

Tracking of Projects

The capacity to keep track of a project with project management software is another incentive to use it. Tracking a project’s development is quite beneficial. Using the tool, you may get information on your team members’ work schedules. Team leaders can use this information to better plan their schedules in the future. In turn, this improves output and speeds up the process.

Sharing of Files Through the Internet

Using project management software, team members may access all relevant files and papers in a single location. You may lessen your reliance on each other this way. No one has to go through tens of thousands of emails to get the information they need to finish their projects.

A Project Management Software Buying Checklist Is Essential

I’m sure most of us have had the experience of arriving home from a shopping trip only to discover that we didn’t buy anything because we forgot to write down our shopping list. Please don’t make the same mistake again when purchasing project management software.

You must have a checklist before purchasing a project management solution. The following topics should be included in your list:

Efficacy

First and foremost, you should focus on ease of use. The software you buy should be simple to use. Some well-known programs are challenging to use and need extensive training for new users. It would be best to stay away from these tools because you can’t possibly teach each person in your team individually.

The most acceptable product for you and your staff will be simple to use, which works well for both of you. Free trials are available for many of the products out there, so you may test them out before deciding whether or not to buy them.

Capability to Plan a Project

Allowing its customers to plan out their projects, project management software properly is the program’s primary function. Starting a project from scratch is essential to becoming a successful project manager. Do certain specialized activities like, for example, with the tool you choose.

  • A date when a project is scheduled to begin.
  • Deadline.
  • The project’s estimated completion time.
  • Members of the project’s team
  • It’s all about the labels.
  • Priority.
  • As long as you’ve carefully thought through the logistics, you should be able to complete your project on schedule and budget.

The ability to track time

To be a project manager, you should be aware of the present status of every operating project. A project management software’s time tracking or progress monitoring tools might be quite helpful in this case. Project managers may use the time tracking function to keep track of contracts, work schedules, and chargeable hours invested on projects.

You’ll be capable of pulling data from multiple aspects of the project software solutions using real-time reporting options. Then you may use it right away to produce reports on the present state of the project. It’s a great way to keep tabs on developing your coworkers’ projects.

Efforts to organise your tasks

Subtasking is the most efficient way to perform a task. It provides a psychological lift to the team while reducing the overall stress level. Choose a program that lets you.

  • Create task dependencies and attach them to work at hand.
  • Subtasks can be created and managed from more significant projects.
  • It is possible to schedule a job to repeat itself or repeat at a predetermined date and time.
  • Assign multiple people to a single job.
  • An external task list will be imported.

Potential for Time Savings

Time Management in Project Management

Choose project management software that may help you save a lot of time. Repetitive tasks are one of the most hated things in the world. It won’t be easy to meet the deadline if this is repeated. However, some jobs necessitate repetition, such as creating a project at the beginning of every month or every week.

You must look before buying project management software that features like repeating tasks might come in handy in this circumstance. Using this function, you won’t have to remember to do it at the beginning of each month. Some project management software does not have this capability. Choose wisely.

Pricing

When making a purchase, price is an important “X-factor.” As a startup or small-sized firm, you’d expect to save cash on your software because you’re operating on a tight budget. The price of a tool typically rises in direct proportion to the number of features. You can’t assume that any of these qualities will suit your company.

What you need is project management software that meets all of your specifications. To begin with, make sure you know how much money you’re willing to spend on the instrument you need.

Final Words

Now that you’ve learned about the necessity of project management software and the checklist for buying it, you’re ready to get started.

Project management software is a must-have for every business owner or project manager who wants their projects completed on time and within budget. Make sure you follow our advice and have a checklist ready before buying it.

How To Improve Your Business’s Curb Appeal

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The curb or façade of any store, shop, or business is the first thing that your shoppers and clients would see when they come to visit you. Your façade or frontage shouldn’t just be drywall or empty window as this part radiates the character and soul of your company.

You should make sure that your curb or frontage gives off an appealing look to all of your customers. If you want to get some ideas on how to further improve your business’s façade, you might want to check out Concrete Colorado Springs and other similar sites.

Below are a few suggestions that could help you improve your business’s curb appeal:

Prominent Signage

One of the first few things that you have to tidy up if you want to improve your business’s curb appeal is to have prominent signage. Having this is an essential part of your business’s curb appeal. Your business signage should be easily identifiable and readable from within a considerable radius of distance from afar. People should be able to see it from across the street and all around the sidewalks.

The signage of your business is the first thing that most of your shoppers or clients would and should notice when they come by. It should contain the trademark or logo of your business, as well as your tradename or business name. If you’re a bit concerned about the aesthetics and all, you may consult a logo maker or a marketing specialist on logos and tradenames.

Your business sign should also indicate other pieces of information, such as your hours of business. For those just passing by, it’d be nice if they could easily catch your office numbers, email address, social media handles, and other contact details even if they just have a couple of seconds to glance at your signage. It should at least give them a point of contact or idea of how to get in touch with you.

Give Them Parking

Parking

For most shoppers and clients who drive their own cars, one of the things at the top of their minds before they decide to go to a certain place or shop is whether they’d have a place to park or whether they’d have trouble finding parking space. In fact, this is one of the things that could make or break whether they’d go to a certain place or not, especially if they have to do it during rush hour or peak business hours.

To help your shoppers or clients look forward to going to your shop or office, instead of dreading the time to be spent circling around looking for a parking slot, you can help them feel a lot better about it by making sure you have ample parking space. Better yet, you can offer a reserved parking space for your regular patrons or high-value clients. One can call in that they’d be stopping by at this hour, so you can tell them there’s a slot for their car.

If you’re in the middle of a busy downtown street, and you just don’t have enough parking space, save for one or two cars right in front of your store, you can try to arrange parking for them at the nearest carparks for pay. Get the number of the nearest carpark for pay so you can offer to check for your clients. You can also negotiate for a parking lease with your neighboring stores and shops.

Storefront Upkeep

Another important aspect of your business’s curb appeal is your storefront. The way your building façade or storefront looks should give your clients or shoppers an immediate idea of what your business is all about, what you do, and what you represent.

You should check that all elements of your storefront or office façade are well-kept and working. The main door should be clean and shiny, and the windows should be clean and clear. If there are parts that have already faded, make sure that you have these worked up. Cracks on concrete walls and damaged wooden frames should be repaired and restored, and then coated with fresh paint. As you might’ve already figured out, worn out or faded paint or finishes give your storefront a gloomy or dilapidated look, which sends out negative vibes to your clients.

If you’re a walk-in store or shop, it’d also be nice if you can set up window displays. These should be comprised of eye-catching items that should give people an idea of what’s on sale for the season. These displays should make them so curious about what’s inside that they’d find it hard to resist the urge to go inside your shop.

If you’re an office that provides services instead of selling stuff, you can display pictures or models of the projects that you’ve done or some of your clients to whom you’ve rendered satisfactory services in the past. If your clients would let you, you can display their well-known logos and brand names, as well as the different projects, operations, or campaigns that you’ve done for them. This would give your clients and even onlookers an idea of the clients who’ve trusted you with their businesses.

Landscaping

Building

After seeing your signage, your façade, and then your window displays, your shoppers and customers would usually look back and check their cars before they go in. When they do, they won’t be able to help but notice your landscape, pathways, or walkways. You should, thus, ramp up your landscape. Your clients might not expressly admit or say it, but most of them do notice how your landscape looks like.

Keep in mind that most upper-middle-class families also maintain and spruce up their own lawns and landscapes at home. They make a big deal about these things because they don’t want to send the wrong impression. Expect them to have the same expectations about your store landscaping. Pay attention to bare spots. Make sure those shrubs are regularly trimmed and watered as these are the only ways to keep them greening with vibrance and exuberance.

Conclusion

Ramping up your business’s curb appeal is an important element of maintaining the professional look of your store or office. You should keep in mind some of the ideas and suggestions mentioned in this article. They might come in handy for some of the things you want to do to improve your business’s curb.

Types of Electronic Payment Systems

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Electronic payments and e-payment systems have experienced steady advancements because of their unparalleled ease over the past several decades. With the COVID-19 epidemic, electronic payments’ need for and advantages have become even more apparent as consumer acceptance has soared. Paying suppliers promptly, reducing risk, increasing control, and increasing visibility benefits from moving to electronic payments. There’s a good reason why so many small and medium-sized firms are embracing electronic payments as a means of eliminating paper-based accounts payable processes.

What is it?

The term “e-payments” refers to the practice of performing financial transactions or paying bills electronically rather than with paper checks or cash.

  • Credit cards, debit cards, virtual cards, and ACH payments (direct deposit, direct debit, and electronic checks) are the most common ways of electronic payment.

Paper, shipping, and labor costs associated with traditional B2B payments such as checks are all but eliminated when using electronic payment options.

Advantages of Electronic Payments

Many businesses and their suppliers benefit significantly from electronic payments or e-payments systems. The advantages of e-payments in accounts payable outweigh the disadvantages in terms of cost, improved relationships, increased visibility, and greater security.

  • A reduction in the time and money spent on printing, signing, stuffing, and mailing checks can be achieved by electronically processing as many payments as possible. Implementing a comprehensive e-payments strategy may save as much as 80% of processing expenses.
  • Businesses may strengthen vendor relations by supporting faster, more secure payments incorporating extensive remittance data for more straightforward reconciliation.
  • Enhanced Payment Security: Electronic payments are naturally more secure than paper checks, and particular systems such as virtual cards give even more security against fraud. On the other hand, best-in-class electronic payment systems offer extra security measures and controls.
  • E-payment solutions give your company more visibility into payment statuses, financial indicators, and audit trails. They also save money by reducing the likelihood of data entry errors.

Types of Electronic Payment Systems

Let’s look at the advantages and disadvantages of the electronic payment types.

1. Credit Card

With a credit card, you may borrow the money from card providers up to a predetermined limit, most typically used for retail transactions. You can use it in a better way.

  • Pros: Because the business starts these transactions and is paid from the cardholder’s credit line, they are fast and personable.
  • Cons: Vendors may refuse to take credit cards because of the processing fees. As a result, a plastic card with a single number that may be used for all transactions is vulnerable to fraud.

2. Debit Card

As with credit cards, most debit card transactions are initiated by the store where the customer is making the purchase. Instead of using the cardholder’s credit line, these transactions use the cardholder’s bank account.

  • Pros: Positive aspects of accepting debit card payments include the security of knowing exactly when and how much money will be sent to the seller.
  • Cons: A disadvantage of using a debit card is that it provides minimal security for buyers while still being as inexpensive as accepting a credit card.

3. Virtual Card

Firms may produce 16-digit numbers that can only be used once and are permitted to pay a specified amount using a virtual card.

  • Pros: Virtual cards are entirely free to the customer, fast, and safe, thanks to a procedure called payment tokenization, which assures that the business’s account bank information cannot be accessed. Business owners can take advantage of rebates on purchases.
  • Cons: Compared with other payment options, virtual cards are currently being accepted by a lesser percentage of companies and suppliers.

4. Direct Debit Pull from ACH

Payroll methods like direct transfer and online payments are the most famous examples. In the case of ACH debit pulls, the payer or vendor starts a “draw” of money from the payer’s account.

  • Pros: For the most part, ACH debit draws are inexpensive, if not completely free.
  • Cons: However, because sellers have accessibility to your account details, this payment method is more time consuming and risky than others.

5. Direct credit Pull from ACH

Vendor payments are the most prevalent usage for this type of payment. Pushing cash out of the payer’s account is a distinct feature of ACH credit push, which works in the same way as a digital batch payment system.

  • Pros: ACH payments are substantially less expensive to execute than credit card payments and allow for one-time or regular payments, making them ideal for small businesses.
  • Cons: A disadvantage of ACH credit pushes is that banks charge a fee for processing, unlike ACH debit pulls.

Furthermore, the use of accurate account information in ACH payments raises risk. In general, these services are only open to more prominent organizations with huge payment volumes. Transaction data is not automatically sent when using ACH debit pulls or ACH credit pushes, resulting in more excellent time reconciling bills.

Making Money vs Offering Solutions: How to Re-evaluate Your Career Goals

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More often than not, most careers are geared towards a specific direction. Job seeking, company selection and the overall work environment that one chooses are correlated in one way or the other to the career path you choose.

While making money is crucial to being able to afford daily essential amenities, another aspect of choosing a career path is driven by our overall desire to be in that particular field. So, what drives your career path and how have your goals influenced the choices you make in relation to the same? If you are curious, keep reading to know more and get tips on how to re-evaluate your career goals.

Understand What Makes You Happy

Of course, we are not saying that loving money is bad. The main goal here is to understand what has driven your career so far. If you have been chasing money in your career path, then that is what has fuelled your decisions.

When it comes to offering solutions, it means that you are not only open to giving the services you are equipped with, but you are giving yourself a chance to learn. Call it passion! It fuels you every desire to be better in the field. For instance, if you handle throttling ball valves in the production section, you’ll want to learn how to minimize the costs while increasing the quality and durability of the output.

Alternatively, you may be placed in charge of servicing the food packaging machine in the firm, you will ensure that you give a special touch to each accessible element and ensure that it functions better. Or maybe you have been given an opportunity to work for medium voltage switchgear manufacturers, your desire to offer solutions will open the willingness to go the extra mile without being pushed into anything.

Point is, while it’s good to ensure that you get a good “thank you” for your services when you do it with the desire to offer more solutions, you are able to achieve your career goals faster.

Look into the Growth Spectrum

Goals re-evaluation is not just about taking up a pen and changing your previously written ones. When you re-evaluate your career goals, you look at the attributes and aspects that put you in that particular goal and weigh both the privileges and outcomes.

Looking into the growth spectrum is an essential way to know whether you are heading towards the right outcome or you are simply moving with the flow.

If you check and find that you are not getting the growth that you expected, you can easily change your plan and see if you get a better outcome.

Moreover, the goals that you made at the beginning of the year or your career path will change along the way as you navigate the industry and gain more experience. So, as part of your re-evaluation, cancel out goals that you have already accomplished so that you can pave the way to new ones.

Have a Good Breakdown Strategy

Making goals, quite easy! Achieving them is another story altogether. In the re-evaluation, the point, as mentioned earlier, is to know which goals will be achievable in the short-term and long term.

This is where a good breakdown strategy comes in handy. Whether short-term or long-term, you need a way to discern which ones will be achievable in a simpler way and which ones are going to need much more time and a sophisticated plan.

When you are able to critically elaborate what each goal means to your accomplishments and what each plan needs to be accomplished, you need to go ahead and get a good strategy to break each one. This helps to make the accomplishment easier and small celebrations after each accomplishment can go a long way for you.

The breakdown also helps you to understand more where your motivation lies.

Have a Now and Future Comparison

Career goals re-evaluation need to give a better view of what you want in the long run. Now, have a current and future analysis of the goals you have presently. What do the now and future reflect? Is the barrier big or small? What does all this mean to you? Does the future look promising with the prevalent conditions or are your goals unattainable in a way?

Being honest with yourself saves you from frustrations and avoidable stress.

The Bottom Line

We can never tell you to choose between money and offering solutions in creating your career goals. We can, however, advise you to follow what makes you happy, it gives you a balance of both. Keep in mind that skills and knowledge have a better futuristic return. Good luck!

How Can Virtual Account Management Capabilities Transform Your Corporate Bank?

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On average, a typical mid-to-large-sized corporate client brings with it more than 350 accounts spread across its subsidiaries—the cash for all of which will be managed by a corporate bank. To approach this complex task, many corporate banks have traditionally relied on multiple demand deposit accounts (DDAs) to maintain, segregate, and report cash for specific legal entities. This strategy is based on multiple levels of segmentation, as it requires the bank to pool the enterprise’s cash resources in a layer of consolidated accounts. Over time, managing these accounts will become more complicated due to the simple fact that as businesses grow, their cash deposits will mimic their organizational structure and also get dispersed across multiple groups and subsidiary bank accounts.

These days, however, innovative banks are using virtual accounts to minimize the intricacies of managing multiple layers of accounts for their corporate clients.

What Are Virtual Accounts and What Do They Bring to the Table?

Virtual accounts (VA), to put it simply, refer to non-real accounts that make and receive payments on behalf of real corporate banking accounts, and they work by redirecting the transactions to the existing accounts that they represent in real-time. But because VAs are not real per se, the transactions recorded under them are treated as off-balance-sheet items by corporate banks. These VAs can be organized according to the particular business needs of a corporate client, all without complicating the task for corporate banks.

Having the ability to manage VAs has a number of business applications for corporate banks and their clients. First, it brings a higher level of flexibility to corporate account structuring. While they represent real accounts, VAs are simply stand-ins, and they can be created, assigned to real accounts, and moved around without necessarily complicating the actual accounts that banks maintain for the corporate clients they work with. As such, treasurers have the freedom to fully control the organization of their corporate banking accounts according to the client’s reconciliation and segregation needs.

Second, having the ability to assign VAs to real accounts gives corporate banks a greater level of visibility on the transactions that they are processing. Getting a complete overview of a corporate client’s account portfolio and how each account is related to others heightens a corporate bank’s capability to keep track of transactions and determine where payments are coming from and going to. The data collected from these completed transactions can be used to automate time-consuming corporate account management tasks and address error-prone steps and pain points during account reconciliations.

Finally, having access to VAs enables corporate clients to take a more active role in managing their accounts. This innovation offers a streamlined and more straightforward approach to organizing and sustaining complicated account hierarchies, thus giving corporate clients the option to customize their account system from the ground up should they choose to do so. In fact, having VAs makes it possible for corporate banks and clients alike to build an account organization system from scratch that is uniquely designed to accommodate a corporate client’s goals and trajectory for growth.  

It should be noted, though, that while virtual account management (VAM) can simplify corporate account organization, this solution does not completely eliminate the complexities that are inherent to managing mid-to-large-sized corporate accounts. Prior to implementing VAs, corporate banks must tweak the solutions that will host the VAs and ensure that they are compatible with the technology. Banks that are still using legacy systems, for example, may not have the capability to offer VAM within the level required by their corporate clients. The good news is that it’s an option for corporate banks to develop in-house applications that can support VAM. Alternatively, these banks also have the option to get in touch with a third-party services provider that can offer them market-ready applications specifically designed for managing virtual corporate accounts.

The Future for Early Adopters of Virtual Account Management Systems

While VAs is far from a novel idea, it’s only now that many corporate banks and clients are able to appreciate the level of flexibility afforded by virtual account management. For corporate clients, the rise of VAM means that they have every opportunity to consolidate their accounts in a single financial organization, though corporations typically maintain relationships with multiple banks for a variety of practical reasons. At the same time, access to simplified VAM systems brings corporate banks a step closer to open banking, which is a practice that allows banks to collaborate with a third-party financial services provider. In general, the banking industry is moving toward open banking, and being in a position to take part in this practice puts corporate banks and their clients at a clear business advantage today and in the coming years.

SBI Bank Credit Card: Payment, Statement & Reward Points

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The SBI offers a variety of credit cards catering to the financial demands of their clients. SBI credit cards come with a multitude of appealing benefits, ranging from low finance charges to a fantastic rewards program. With an SBI credit card, you can get great discounts, cash backs, and reward points on purchases in categories such as travel, eating, retail, and many more. Let’s take a look at SBI credit card payment methods, reward points, and other aspects to get a better understanding.

Methods for SBI credit card payment online

The SBI provides various online and offline payment options for conveniently settling your SBI credit card payment.

To pay off your credit card debts on schedule, you can utilize any of the online payment methods listed below.

PayNet-Pay Online

You can clear your SBI credit card payment through net banking by using your online SBI account.

Auto Debit

The SBI account can be used to set up standing instructions for hassle-free SBI credit card online payment via auto-debit.

UPI

You can use the BHIM SBI Pay app as a UPI option for your SBI credit card payment.

YONO

YONO is the app of SBI that offers electronic bill payment of SBI credit cards.

Methods for SBI credit card payment offline

Here are the ways that you can use to repay your credit card bills offline.

SBI Branch

Payments for SBI credit cards can be made at any SBI branch. You can use cash or a cheque for the SBI credit card payment.

ATM

SBI also gives you the option of paying your bill at any SBI ATM by using your debit card.

Dropbox (Manual & Electronic)

You can pay your credit card bill by depositing a check-in either a manual or electronic dropbox.

How to Avail SBI Credit Card Statement?

The SBI credit card statement is a thorough summary of your expenses that SBI sends you once a month. You can access your SBI credit card statement both online and offline.

Online Options

Net Banking

You can use your SBI net banking account to check your SBI credit card statement.

Mobile App

SBI credit card mobile app is available on the play store. You can download it and use it to check your SBI credit card statement.

Offline Options

SMS

You can get an SMS version of your SBI credit card statement.

Customer Care

You may contact the SBI credit card customer representative and ask for a copy of your SBI credit card statement.

Post

Once the SBI credit card statement has been generated, you may request a paper copy from the bank. The statement will be delivered to your registered address.

Nearest SBI Branch

You can always go to your nearest SBI branch and request a copy of your SBI credit card statement from a bank representative.

Components of Credit Card Statements

Below are the different components of the SBI credit card statement.

Total Due Amount

It is the total amount owed on your credit card at the end of a payment cycle. It comprises both current billing cycle charges as well as any amounts owed from past billing cycles.

Minimum Payment Required

The minimum amount payable is a percentage of the entire balance payable, usually 2% to 3%. To keep your card active, you must clear the minimum outstanding value.

Billing Cycle

The billing cycle is the period in which the statement is generated. All transactions completed within a billing cycle must be paid at the end of the cycle.

Payment Deadline

The payment time limit is the deadline for paying your bill.

Interest-Free Period

The interest-free period is the period beginning with the transaction date during which you can pay for your purchase without incurring any further interest costs.

Credit Limitation

The SBI credit card statement also includes the available cash and SBI credit card limit, allowing you to better plan your expenses.

Transaction Summary

The transaction summary lists all transactions made within a billing period.

What are SBI Reward Points?

All authorized SBI credit card customers can participate in the Shop-and-Smile program, which allows them to earn rewards for every purchase transaction. Shopping, dining, travel, and other types of transactions with an SBI Card can earn you rewards. Reward points can be used to purchase a variety of items from the online rewards catalogue, including electronics, vouchers, lifestyle products, travel vouchers, accessories, and much more.

How to Redeem SBI Credit Card Reward Points?

The SBI credit card reward points can be redeemed online and offline.

Here are the ways to redeem your SBI credit card reward points online.

SBI Website

  • Log in to sbicard.com
  • Go to ‘Rewards,’ then ‘Redeem Rewards.’
  • Browse the rewards catalogue and choose the things you want to purchase.
  • Click ‘Redeem now’ and then ‘Confirm.’

SBI Mobile App

  • Log in to the SBI mobile app.
  • Select ‘Rewards’ and then ‘Redeem Rewards.’
  • Explore the Rewards Catalogue and select the reward products you want to purchase.
  • Click ‘Redeem’ and then ‘Confirm.’

Offline Method

The SBI credit card reward points can be redeemed offline by calling the credit card customer service number. The customer service representative will assist you with the redemption process.

Concluding Comments

SBI offers various benefits and exciting rewards to their credit cardholders. You can avail of these advantages and have a delightful experience. Apply for the SBI credit card today!

Price Action Trading Strategies

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Price action trading is one of the most popular and straightforward methods active traders use. It benefits from a high degree of transparency, appealing to professional traders and retail investors.

The approach also helps traders to minimise losses during periods of choppy or sideways market conditions while allowing them to profit when prices trend in their favour.

Since demand drives the price movement towards equilibrium, studying how supply and demand affect market direction can be extremely useful for anticipating trends. This trading strategy does not rely on complicated charting techniques or algorithms but considers essential elements easy to follow.

KeyPoints

Price action trading is a strategy that focuses on the price movement of security rather than indicators or economic news releases.

The goal is to read and interpret the price movements to make informed trading decisions.

This type of trading is often used by traders who want to keep things simple and effective in sideways or choppy markets.

Price action traders use candlestick charts and patterns to identify potential trade setups.

There are no guarantees when trading, and price action traders can still lose money even if they have a good understanding of how the market works.

There are many different price action trading strategies, but all share some common elements.

Price action traders typically use candlesticks to spot areas of support and resistance, as well as chart patterns that give a potential buy or sell signal when they form.

This type of trading requires the trader to understand how price moves effectively.

Strengths

Simplicity

There are no indicators in this kind of strategy, ensuring that a trader can focus on one less thing.

Transparency

Since all information is drawn from the price movement itself, traders can easily see what has worked in the past and build upon it.

Low Barrier to Entry

As long as you have a clear chart with candlesticks and some basic knowledge about supply and demand, you can start trading using a price action strategy.

Timely Entries and Exits

Price action traders quickly enter and exit trades, often taking advantage of small price movements.

Weaknesses

Slower Response in Choppy Markets 

Because this type of trading is based purely on price movement, it can not be easy to trade when the market is choppy or moving sideways.

No Indicators

As mentioned earlier, indicators are not used in this strategy, leading to missed opportunities or incorrect trade signals.

Subjective Interpretation

The interpretation of price movement can be a personal exercise, and two traders may see things quite differently.

The Basics

While there is no guarantee of success, those who can master the basics have the potential to become very successful traders.

Low Capital Requirement

A significant advantage of price action trading is that it requires very little capital to begin trading – next to nothing for some techniques.

One can even trade with a virtual account until they feel ready to risk their own money and still use and understand the same techniques as those traders who do have large amounts of money available.

Flexibility

Price action trading involves fewer hard-and-fast rules than many other forms of technical analysis, so it allows one’s intuition and judgement more room for expression than, say, Fibonacci trading or Elliott Wave analysis.

No Outside Opinion Necessary

Since price action trading is based on the actual price movement and not on any indicators, there is no need to rely on anyone else’s opinion to make a trade decision – including so-called experts.

Increased Consistency

One of the benefits of price action trading is that it relies purely on candlestick formations and chart patterns. It is more consistent than other forms of technical analysis, which use indicators that can give false signals.

Easier To Understand

As mentioned before, price action trading does not involve any complicated calculations or indicators, making it far easier to learn and understand than most other forms of technical analysis.

Can Be Applied To Other Areas Of Trading

Because price action trading is based on the actual price movement, it can easily be applied to stocks, commodities, Forex, etc., unlike some other forms of technical analysis, which are more specifically limited to one market only.

High Probability Trade Entry

Price action allows traders to enter into trades with very high probabilities of winning. It filters out all the false signals indicators when they move in the wrong directions or through wrong patterns.

Follow Saxo for more stocks trading advice.

Does Renters Insurance Cover Water Damage

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Accidental overflows and water discharges are two typical circumstances that might result in water damage if you’re a renter. Your renter’s insurance coverage, on the other hand, is unlikely to compensate for damage caused by sewage backups or flooding.

Aside from that, your personal belongings are not covered by renters insurance. Your tenant is responsible for keeping the building, while you are responsible for keeping your living area and personal possessions. This implies that if your plumbing ever breaks, you won’t have to repair any pipes; however, you will be liable for replacing any damaged property that results from the plumbing failure.

Is Water Damage from Ceiling Leaks Covered by Renters Insurance?

Your items are covered by your renter’s insurance if your ceiling leaks. You might, for example, file a claim through your insurer if water dripped onto your leather sofa or television from yet another apartment or the roof and wrecked it.

To maintain the structural integrity of your building, your tenant is responsible for both preventing and addressing leaks. You must notify the building’s owner of any potential problem that might lead to a future loss.

Most rental agreements provide that you are not responsible for damage caused by structural problems if you notify your landlord in writing as soon as you become aware of them. Assuming you weren’t involved in generating the leaks, this includes the ceiling.

Is Water Damage from a Flooded Toilet Covered by my Renter’s Insurance?

Your renter’s insurance policy covers damage to your home caused by a toilet overflow or discharge. However, if you kept the toilet blocked until it spilled and destroyed the floor, your insurer may not pay your charges. Assume that your bathroom unexpectedly becomes clogged, resulting in water damage to some of your possessions. If you file a claim with your renter’s insurance, you can get your damaged possessions replaced.

coins

Even though your renter’s insurance does not cover your personal property, you may still need to submit a liability claim. Your landlord may sue you for the expense of restoring the damage to the floor of your unit if the overflow results in such harm. Even if you lose, your legal fees would be covered by your renter’s insurance in this circumstance. If you were found accountable, it would also cover the costs of any damage you made to the rental property.

Water that backs through sewage or drains is likely to be excluded from your renter’s insurance as well. If your toilet overflows and contaminates your belongings with outside sewage, you’ll have to pay to repair them yourself unless your insurance covers it as an optional extra. On the other hand, seepage from subsurface water is not likely to be covered by your insurance.

Does Renters Insurance Cover Flood Damage?

Personal property damaged by floods is not covered by renters insurance. Renters insurance or your tenant’s policy does not cover significant flooding damage to your personal belongings, or any damage caused by a flood is only covered by a flood addendum or a different flood insurance policy.

Fortunately, your insurance coverage does cover your property against rain & storms under specific situations. Your renter’s insurance may cover you if you suffer water damage from a storm window breaking due to high winds or falling debris.

You’ll be covered for temporary housing costs if a storm destroys your house and you have renters insurance. Even in a massive city around The World or USA, lodging at a hotel might be prohibitively expensive if you do not have insurance. The hotel expenses might be avoided by purchasing renters insurance.

Final Thoughts

Depending on the nature of the loss, specific water damage may be covered by renters insurance.

In most cases, a renter’s insurance policy does not cover flood damage.

If you want to prevent expensive or confusing insurance claims, it’s a good idea to take precautions.

Insurance claims involving water damage to rental properties are subject to considerable uncertainty. Check your insurance to see what risks are specifically included. It’s advisable to tell your landlords as quickly as you detect any problems with the water supply in your rental unit. Waiting too long increases the risk of further harm and the possibility of losing insurance coverage due to carelessness.

Factors to Consider When Buying a Family House

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When buying a family house, many people have the perfect picture in their minds about the house they want for their family. The problem comes when there are too many houses to choose from, and you are spoilt for choice. You might become frustrated about choosing a house for your family. When choosing a family house, it is good to hire real estate agents to help you buy the right house.

Besides hiring a real estate agent, you can also consider some of the factors below when buying that perfect family house.

1. Location of the House

As a family, you want a house that is close to the place you frequent the most. For instance, many families frequent schools, workplaces, and places of worship. Thus these places ought to be close to the house you intend to purchase. Also, you need to check the proximity of the house to the main road. This will save you the hassle of having to move to a different neighborhood soon.

Apart from the everyday amenities people consider, you can also check other amenities like parks or other recreational areas.

2. Forget About Your Emotions

A family was looking to purchase a house, and as they were busy checking out different houses for their family, one particular house melted their hearts. Without thinking it through, they chose the house according to how they felt about it. The house was beautiful, with pretty towering pine trees and sleek kitchen cabinets.

However, on the packing day, they thought through and realized that the lowest kitchen cabinet was 6″ off the ground. This meant that one had to find a ladder to reach the cabinets and that their five-year-old wouldn’t reach for her plate.

You should at least try to forget about your emotions when looking for a house for your family. Only think about the comfort of your family before making a decision.

3. Number of Bedrooms

bedroom

Some families may want their kids to share a bedroom while some will not prefer this. Depending on what your family prefers, the number of bedrooms will matter a lot. You have to ensure that no matter how good a house looks, it must have the right number of bedrooms needed.

You can also consider having another extra bedroom for guests or converting it to your home office. It can also act as a room where you store your extra supplies or make money with your home.

4. Read The Contract Thoroughly

You must read and understand everything that is in the contract. Ensure everything written in the contract is available in the house. If you do not understand what you are reading, you can hire a real estate agent to help you understand the contract.

Further Questions To Ask Yourself Before Buying A House For Your Family

Before you decide to buy a house, you should ask yourself some of the questions below before you close the deal with the realtor. Days are not always the same, having extra space may also help females to start businesses.

A. Is The Floor Fit For My Family?

If you are a family with kids or expect some, you will need an open floor plan to stay on the same level as your children. You will want to keep a close watch on your toddler, so you want an open floor for additional safety. So it is wise to ask yourself if the kitchen floor is good for your family.

B. How Good Is The Neighborhood?

You should make a point of touring the neighborhood during commuting hours to see if the roads are dangerously busy. You can also tour the area at night and see if the businesses around are too noisy and see if the neighbors live with kids. You should also see if there is a safe place around for jogging or for strolling the baby.

C. How Good Is The Yard?

Home Yard

Many parents may overlook their kid’s outdoor needs, but you should consider this. If you have very active growing kids, you should ensure that they have a bigger playground or better a spacious yard.

D. How Are The Schools?

As a family with learning children, you need to also consider the schools around the area you intend to buy a house. Do they meet your basic requirements for schools? Also, find out whether your kids will have access to the bus if need be. If there is no need for a bus, find out if it is safe enough for your kids to commute to and from school.

Bottom Line

Buying a family house is far from just looking at the house and deciding to buy it. It involves considering your family’s needs and many other aspects that will significantly affect your family if not looked into keenly. Therefore it is wise to take your time to inspect the house that you want to buy for the safety of your children.