Posts in the Category: Business performance


IT project management: 4 stages you must explore before integrating new technology into your business

posted on August 10th 2017 in Best Practices & Business performance with 0 Comments

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Project management is a large and fascinating field. It supports the growth of countless enterprises globally. But there’s a scarier side to it; the side that most businesses would rather not talk about: the losses of failed IT project management endeavours. According to the Project Management Institute, the average large IT project runs 45% over budget, 7% over time, and delivers 56% less value than expected.

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Mobile wallets vs corporate gift cards

posted on June 6th 2017 in Business performance & Productivity with 7 Comments

corporate gift cards

It’s been roughly 26 years since the idea of gift cards materialised. Today, they are pretty much everywhere and have even made their way into corporate businesses, aptly labelled as “corporate gift cards”. As far as we can tell, the very first gift card appeared in the US. Neiman Marcus, a department store company, wanted to explore a simple idea: give customers the option to pay upfront for a card that could be gifted to someone who’d buy clothing, shoes, handbags or accessories at a later date. It didn’t quite stick for them back then and became a novelty item – something to be kept out of sight unless explicitly asked for by a customer.

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Four differences between open- and closed-loop payment systems

posted on May 31st 2017 in Business performance with 6 Comments

closed loop payment system

Open- or closed-loop payment systems? These terms are starting to turn the heads of savvy business owners across South Africa. As technology continues to drive consumer adoption of new and more convenient methods to interact with companies and pay for products and services, business owners who want to stay competitive are looking for smarter ways to attract more consumers and increase wallet spend.

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Understanding open-loop payment systems

posted on May 23rd 2017 in Business performance with 4 Comments

Open loop payment system

There’s very little that you can’t do with a credit or debit card. On one Saturday you could shop up a storm in your local shopping mall, pay for parking, fill up your fuel tank, and grab dinner at your favourite Italian restaurant – all before picking up tickets to catch the latest blockbuster on the silver screen. Swiping your card is just a part of what happens in everyday life.

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