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Alika Cooper

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Top Stories by Alika Cooper

Legal document review is a very crucial part of any legal proceedings. It is the process where every party to a case sorts through and analyses all the relevant documents and data and determines whether they are applicable to the case. The work is carried out by trained attorneys on behalf of their clients but it is now increasingly common for law firms to take external help of professional and expert document review services to help them in this activity. Given the importance of document review, it is important that systems and methods be followed that optimizes this activity and gets the most value from a dollar spent by clients in this field. Here are a few ways to do so. Systemize the review by subject and not by batch: Reviews are usually sorted in batches like 1-100, 101-200 and so on. This sequential batching makes it difficult to look for the actual issue wh... (more)

Accounting for Insurance Businesses– Can DIY Approach Work?

If you run an insurance business and are following a DIY approach for your accounting, then you may not be realizing the costs incurred for the same. A lot of insurance business owners believe that they are reducing costs by keeping their accounting in-house; however, the truth is that the costs incurred are actually a lot more when compared with an outsourcing company handling accounting for insurance businesses . Professional Attitude and Proper Processes: If accounting was nothing more than mere adding and subtracting of numbers, then accounting professionals would be carryin... (more)

Terms Commonly Used in Insurance Policy Administration – Infographic

Insurance is known to be packed with a widely ranging glossary of terms and some of them may be difficult to understand easily. But, it is very important for an insurer to understand all the terms covered so that he/ she can make the right decisions for their business. Here we’ve compiled a list of 10 important terms under insurance policy administration that will work as a reference to help you get a better grasp of your insurance business The post Terms Commonly Used in Insurance Policy Administration – Infographic appeared first on Cogneesol Blog. ... (more)

Tips for Seasonal Businesses to Manage Their Bookkeeping Effectively

A seasonal business’s requirements are ever changing. There are times when you need to concentrate on recruitment and training your team. Then, there’ll be situations wherein you need to take care of promoting your business and connecting with your previous clients. You also need to manage inventory and contacting vendors, making a profit and closing up shop in the same financial year. This process would then be repeated in the subsequent year. Small-scale entrepreneurs have to deal with distinct requirements of their customers. They also have to manage their accounts properly an... (more)

5 Stages Businesses Go Through Before Realizing They Need Accounting Help

Accounting isn’t as easy as it may sound. Oftentimes, people find it to be cumbersome. Taking help of a software to perform accounting and bookkeeping tasks can be equally distressing. Listed below are the five stages that businesses usually go through prior to learning that they require the accounting help of a professional service provider. Stage One: Excitement at its peak You run a small business and you’ve started earning profits. The Microsoft Spreadsheet wherein you used to maintain your accounts does not seem to work anymore. But, no problem! We live in a digital age wher... (more)