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How Small Farms are Powering Up with Tech

How Small Farms are Powering Up with Tech

Small Farms Don’t Have to Settle for Small Technology

Smart Farm with SiloDiscussions around advances in technology in agriculture typically revolve around large industrial farms, but about 90% of the farms in the U.S. and worldwide are small and, according to the Food and Agricultural Organization of the United Nations, these small farms produce 1/3rd of the world’s food. Small farmers may not have the budget for the latest shiny technology – but with investment in a cloud ERP solution these businesses are solving the question, “how do I do more with what I have?”

 

 

Smarter Tools Equal More Profit

Modern technology tools like Acumatica that can greatly improve efficiency, productivity and profitability are already here, are mature and proven, and with a predictable monthly cost, are within reach of the smaller farmer.  Deploying and running your systems on the cloud means no large, upfront capital expenditures, predictable costs, and no worrying about maintenance and upkeep. The reality is new possibilities for farmers to adopt smarter, more efficient, and more profitable farm management practices exists right now. Like so many other worthy endeavors, often only inertia stands in the way.

Simply gathering and storing information digitally about your farming operations – to use at some future point – is not enough to get ahead. There’s an ever-growing and increased level of complexity when it comes to managing and growing farming and agricultural operations. (e.g. unprecedented climate swings, changing and more demanding consumer expectations, historic labor shortages). Real-time visibility into everything from production and shipping to financials and regulatory compliance has never been more essential, and it is within your reach.

What an Efficiency Upgrade Will Do for You

Connected farmToday’s hyper-competitive environment requires operations to be streamlined, information systems integrated with the ability to access information anytime, anywhere — whether in the field or on the go. Farmers also need the ability to change business requirements (as needed and on-the-fly), to manage operations from end-to-end within unique seasonal and sensitive time frames which will allow for these traditional practices to yield more with higher profitability.

Let’s look at three operational segments primed for an efficiency upgrade:

Financial Management

For most smaller agricultural operations, the company’s Financials are managed and run separately. After Financials become completely integrated with the rest of your operations you will be able to instantly and in real-time gain a clear and predictable understanding of your cash flow and revenue cycles. You will be able to accurately plan your operational and capital expenses across any timeline with the ability to adjust on a moment’s notice.

Supply Chain Management

Supply Chain Management allows for real-time visibility and control over your inventory to maximize your profits and minimize storage. After integration with your Financials, you will now be able to automate your entire supply chain by updating inventory based on purchase and sales orders dovetailed with your suppliers’ systems and other third-party applications.

Asset Tracking

Virtually all farms hold significant tangible and depreciating assets. Real-time visibility into asset depreciation, maintenance schedules, and resource availability are critical features for maintaining continuous operations, especially in the seasonal and sensitive timeframes faced by farm and livestock owners.

Once control is gained on these critical business processes, other operational activities can be automated in areas such as expense management, performance analytics, workflow management and human resource management. The end-result is the automation of real-time information to assist in making more informed and quicker decisions in their day-to-day operations.

Interesting in Learning more?

Galeforce Consulting was founded and is run by businesspeople. They have stared down the same types of operational issues and bottlenecks you have. Read more about how other agribusinesses are capitalizing on efficiency and staying competitive in an ever-increasingly competitive landscape.

The Secret to Finding Good Customized Investment Banking Software

The Secret to Finding Good Customized Investment Banking Software

There is no “one size fits all” solution for investment banking software. While financial software can streamline many investment banking tasks, a large portion of the day-to-day work must be done manually or, at best, in a semi-automated fashion.

This is a well-known fact throughout the industry, yet even the savviest of modern investment bankers have been unsure about how they can solve this issue.

Until now.

Learn how your organization can leverage customized investment banking software to get more done, in less time, using automation for even the most complex of tasks.

Customized Investment Banking Software: Your Secret Weapon

In the battle to build your investment bank, your mission is to broker more deals and land more clients. You do not have a moment to lose – and you certainly do not have time to waste on:

  • Complex conflict checking
  • Detailed disclosures
  • Regulatory compliance mandates
  • Extensive expense accounting

Galeforce Consulting Group can help you take back your time by developing customized investment banking software that automates these tasks and more to drive your business forward into the future.

Why Choose Galeforce Consulting Partners as Your Investment Bank’s Partner?

The investment banking industry faces unique requirements, as well as extremely close regulatory scrutiny. That means you cannot choose just any software expert to serve your organization.

You need a partner with deep expertise in software and deep expertise in your industry. Galeforce is that partner.

Galeforce delivers:

  • 20 years of experience helping investment bankers streamline their operations
  • More than 2 decades of software customization experience tailored to project-oriented companies
  • Personalized attention to your investment bank’s precise needs
  • Fully secure and compliant solutions to automate your data processing activities

In other words, Galeforce Consulting Partners is your secret weapon for customized investment banking software development.

 

With more than 500 successful system implementations and dozens of clients working with us for more than two decades, we are proud to be one of the most trusted names in project and services-focused business management technology.

If you feel that your investment bank is caught in a crosswind that is pulling you in different directions, trust the expert partners at Galeforce to put the wind at your back and get your business not only back on track, but storming ahead of the competition.

Important Take-Aways:

  • Investment banks do not have “one size fits all” software solutions that fit their needs
  • You can automate conflict checking, disclosure, compliance, and expense accounting using customized investment banking software
  • Galeforce Consulting Partners deliver 20 years of experience helping customize solutions for investment banks

Have questions about managing cybersecurity for your business? Please contact Galeforce Consulting Partners today to see how we can help!

Think Your Business Is Too Small for Hackers and Ransomware Attacks? Think Again!

Think Your Business Is Too Small for Hackers and Ransomware Attacks? Think Again!

Small and medium sized businesses are often the focus for ransomware threats because they usually are less prepared to deal with cyber-threats. Some of the most common attacks SMB’s see are distributed denial-of-service (DDoS) – attacks resulting in hours of downtime and revenue loss, to malware attacks, including those involving ransomware, that may ultimately cause a company to go out of business.  With affordable modern technology, you can make sure your business is protected.

How many businesses (especially SMBs) can afford to lose ten’s, if not hundred’s of thousands of dollars, and get locked out of key systems for weeks, if not months?

We’ve heard many stories and had a least one client struggle to recover from an attack.  In August, a client of ours suffered a brutal ransomware attack that shut down their operations for weeks.  Even after paying the ransomware demand, it took hours and hours of time to try and recover their data and systems. 

Ransomware Attack Overview:

Hackers got into an engineering firm’s on-premise Dynamics SL system and targeted select files to encrypt. This meant those files are no longer accessible to anyone. You can’t even see them on your computer. Further, the artificial intelligence that is used by ransomware attackers looks for the most frequently used, high-value files and folders, so they hit you where it hurts the most. 

When you run an on-premise environment, you often rely on Virtual Machines, that are stored on a server. This ransomware attack targeted their main server and disabled all access to those Virtual Machines, encrypting everything. The IT team couldn’t get in no matter what they tried. Their accounting team was completely shut down, they couldn’t see invoices, or pay bills.

This client decided to pay the ransom, which was expensive. But even paying didn’t bring their systems back immediately. The decryption codes they were given didn’t work. This meant they had to call the ransom company for support! If that doesn’t underscore how big of an industry ransomware are, and how vulnerable we can all be, I don’t know what does.  

Their IT consulting firm worked with the ransomware firm for weeks to get the system restored.  This mid-sized engineering firm has now spent money on the ransom and a lot of dollars on the IT consulting firm to restore even basic functionality to their business. And we haven’t even mentioned the ERP system restoration. The IT firm took the repairs as far as they could, but when it came to the accounting systems, they needed GFC’s help. We worked side-by-side with their IT firm. Essentially, we had to do a fresh install of the software, because everything from the virtual servers to the signature files for checks was corrupted. The entire library of custom reports was gone. They’ve lost a lot, and are starting over with their data. It was a real mess and they are still cleaning up some performance problems a full two months later.

The question becomes, how are you going to protect your most valuable data: customers, payroll, vendors, invoices, payment histories, custom reports, etc.? A few of the easiest ways are outlined below.

46% of SMBs have been targeted by ransomware, 73% have paid the ransom

How to Safeguard Your Business:

  1. Backups:  The biggest thing you can do to make sure your business isn’t vulnerable to hackers it to have good backups with offsite, backup storage.  When attackers get into your system, they know what to look for, including backup files, crippling any business.  Additionally, have a current backup and disaster recovery plan, a “playbook” of processes and activities, invoking backup and disaster recovery services and their interaction with your data and servers.

It is pretty easy to use Microsoft Azure and other cloud services, such as Microsoft’s data recovery vault to ensure that you never have to experience what this client did. Read more about Azure and data recover in “SMBs have access to top notch security and technology.”

  1. Test your disaster recovery plan on a regular basis: By performing a few tests, you will work out any kinks and be confident if sabotage happens, you’ll be up and running in no time. We recommend testing your backup and recovery strategy at various times and from different angles. To do this, conduct regular and random tests in which you simulate an event that would call for data disaster recovery and access to your on-premises or online backup.
  2. Education: Educating your users on how to identify, avoid, and report data threats is the most important method an organization can adopt to protect its data. By teaching them to identify and avoid threats, you deprive cybercriminals of the opportunity to compromise data.
  3. Find a partner you trust: Stay current and informed.  Have a trusted partner to help your business.

Important Take-Aways:

First, make sure you have solid, offsite backups which have been tested.  Look at the backup files – are they complete? Are they valid? There are so many modern-day solutions for SMBs, there’s no reason your business should be without one.  Second, talk to your ERP partner right away.  Make sure together, you have a disaster recovery plan in place.

Have questions about managing cybersecurity for your business? Please contact Galeforce Consulting Partners today to see how we can help!