Recession 2008: How bad it can get?
Clearwater, FL (PRWEB) February 5, 2008
Many CEOs, CFOs, company presidents and business owners are fearful of a severe economic recession. As each day passes, business leaders are reading news headlines like "2008 - Talk of Worst Recession Since the 1930s", "2008 - Stock Market Crashing", "Recession Fears Growing", "Economic Depression Looming", "Economic Apocalypse", "Economic Collapse", and more. Such articles describe the stock market downturns, layoffs at large companies, well-known national companies going out of business, sharp inflation increases, a weak US economy and declining international sales growth.
Chris Isidore recently wrote an article for CNNMoney entitled, "Recession 2008: How bad it can get?" Within the article, he described an interview he had with Dean Baker, the chief economist for the Center for Economic and Policy Research. When asked to describe his vision of the worst case recession scenario, Dean Baker stated "I can easily imagine the economy going into a free fall." Baker added, "The danger is that housing prices continue to tumble and accelerate, people's ability to pull out equity will evaporate, and you'll see a serious downturn in consumption." Similar comments in current news articles evoke fear from corporate leaders regarding the effects a recession may have on their companies.
With Comgine's streamlined and automated technology, business leaders now have a way to defend their organizations from more drastic measures such as downsizing, layoffs and bankruptcy. Many effects of preparing for a pending economic recession could be considered negative. On the other hand, fear of a looming recession can be a motivating factor for making positive changes within the technological infrastructure, management and operations of a business.
Fear can also prompt business leaders to be creative and "think outside of the box" in order to prepare for a recession and/or depression. For instance, company leaders are now implementing integrated, automated and streamlined systems to process accounting, inventory management and e-commerce business components. When asked how integrated software solutions helps companies prepare for and survive a potential sales decline of 15% or more, David Boos, President of Cornerstone Consulting answered, "In this difficult economic period, many can no longer afford to waste time and resources by using inefficient, non-integrated software applications in the conduct of their businesses."
He added, "We are resellers and implementation specialists of an integrated accounting, e-commerce and inventory management software solution called Comgine. We've recommended this streamlined solution to ensure that our clients maintain: accurate sales forecasting, appropriate inventory levels, a lean business operation, availability of company resources, customer loyalty and increased revenue generation. We've also partnered with Telovations to ensure clients operating Comgine have secure and reliable IP (Internet Protocol) bandwidth."
Regarding the strategic alliance formed with Cornerstone Consulting, Rob Cash, Vice President of Channel Partners for Telovations stated, "Having the right technology partner that understands the multiple technology touch points is critical. We've established a sound business relationship based upon trust, technological collaboration, and knowledge exchange for the purpose of strengthening our client's organizations. Business owners take comfort in having an experienced technology partner like Cornerstone." Installing an integrated e-business software system, on a strategic level, is considered an extremely positive, offensive move against the problems presented by a recession.
Companies currently using an integrated e-commerce, accounting and inventory management system reduce transaction costs, streamline the online ordering processes, and generate additional profits from their web store sales. When items are purchased through an integrated e-commerce website, as opposed to a non-integrated website, pertinent information is processed all the way through the accounting and inventory management software, without any duplication of data entry.
An integrated system is efficient: the order comes in from the website; the system fulfills the order from stock and orders replacement inventory from vendor; a payable is created; the picking/packing ticket is created; the product is shipped; the web payment is applied to order/ invoice; and, paid invoice and tracking information is automatically emailed to the customer.
A unified and streamlined e-commerce system saves time and permits easy maintenance of accurate, up-to-the-minute product, customer and vendor/supplier data. CEOs, CFOs, CIOs, Owners, Presidents, and Sales Directors register to see live demonstrations of Comgine's integrated e-commerce, accounting and inventory management software system via web demo.
As a means of saving more money while preparing for the recession, many companies are opting to have their entire integrated business management systems hosted. Hosting integrated applications saves businesses from spending thousands of upfront dollars for the software purchase and implementation of the system.
During this time of uncertainty, paying a flat monthly hosting fee, as opposed to purchasing many software applications for installation on in-house servers, makes good business sense to many corporate leaders and their financial advisors. In the absence of a recession, utilizing complete web hosting of Comgine's integrated accounting, e-commerce and inventory applications streamlines business processes and makes organizations more efficient.
About Cornerstone Consulting Inc.:
Cornerstone Consulting Inc. is a reseller of Comgine's integrated applications and a leading provider of Sage and SAP business management software solutions to small and mid-market organizations, for more than twenty-five years. Founded in 1983, Cornerstone Consulting, Inc. is a privately-owned company that provides a full suite of information technology for thousands of small and mid-sized business clients in North America, Europe, South America, the Carribbean and Canada, through simple-to-use, scalable and customizable software. Our products and services support accounting, operations, customer relationship management, human resources, and the specific needs of the wholesale distribution, healthcare, retail, insurance and manufacturing industries. Cornerstone's services include: system integration for LAN, WAN, VPN, wireless and Internet networks, Custom Programming, EDI, Barcodes and Scanning, RFID, E-commerce, Website Design and Hosting, Security, Networks, Remote Monitoring, as well as Custom Web Application Development. Headquartered in Clearwater, FL at 2600 McCormick Dr., Suite 210, owner David Boos can be reached at (727) 791-3410. For further information about our company, please visit the company's website: http://www.Cornerstone1.com
Telovations was founded by people who understand business as well as the opportunities created by advances in telecommunications technology. We provide intraoffice, interoffice and remote voice and data solutions based on our redundant, secure and fully managed network built with Cisco products and technology. Our clients enjoy a reliable, expandable phone system with instant conference calling, telecommuting, networked locations and other benefits - making it easier to serve their own clients. Headquartered in Tampa, FL at 1511 N. West Shore Blvd., Suite 400, Vice President of Channel Partners, Rob Cash can be reached at (813) 774-4370. For more information, please visit the company's website:
Vice President of Marketing
Cornerstone Consulting, Inc.
2600 McCormick Dr. Ste 210
(727) 791-3410 ext. 2783