SBS Group and Socius to form Velosio

via SBS Group and Socius to form Velosio

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SBS Group and Socius to form Velosio

The SBS Group Blog

Leading Microsoft partners combine to create a business platform that unites world class people, products and companies to deliver solutions in the cloud.

EDISON, N.J. (PRWEB) DECEMBER 15, 2017

Representatives from SBS Group and Socius announced this week that the two companies will form a new entity—Velosio. Velosio will be among the largest privately-owned Microsoft partners in North America having 4,000+ clients with more than 300 employees and 150 affiliates. As leaders in the manufacturing, agricultural, distribution, healthcare, and professional services industries, SBS Group and Socius have established a broad portfolio of technology and software solutions for sales, marketing, finance and operations.

Velosio will be led by the executive teams of both organizations and will focus on leveraging its vast experience across the Microsoft Dynamics portfolio including Dynamics 365, Dynamics GP, NAV, and SL. Combined, the entity supports the largest installed base of Dynamics clients in North America. Beyond its portfolio…

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Dynamics 365 for Talent Even Stronger with Addition of Attract and Onboard Apps

The SBS Group Blog

More than 25,000 people descended upon Orlando, Florida, for this week’s Ignite conference, and as usual, there were lots of announcements about product and innovation.

Microsoft announced that Microsoft Dynamics 365 is getting smarter and more customizable with AI enhancements and modular apps designed for specific business processes. Last month I talked about Dynamics 365 for Talent, and now we are pleased to announce that it’s even better. Two new modular apps will be available as part of Dynamics 365 for Talent later this year: Dynamics 365 for Talent: Attract and Dynamics 365 for Talent: Onboard.

Dynamics 365 for Talent: Attract

Integrates data from Dynamics 365 and LinkedIn to help identify qualified candidates and track applicants for positions. The app is designed to profile the most qualified candidates for your company and role, gain insights into the hiring pool, and improve the return-on-investment (ROI) of the hiring process.

Find…

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Are you at Risk of an Epic Digital Fail? 3 Ways to Avoid it.

The SBS Group Blog

You want to get the most out of your business technology investments. But are you at risk of an epic fail? A recent CFO Magazine article focused on just that. The biggest reason for a digital fail: companies neglect the very parts of their business that have the greatest impact on revenue generation — namely value creation and monetizing for that value. Instead, they focus on reducing costs, improving operations, or aggressive pricing to keep up with the competition.

Instead, CFO Magazine says, companies must focus on these three areas:

  1. Unlocking new value
  2. Building pricing power
  3. Improving customer segmentation and sales tactics

Let’s break it down and talk about how Microsoft Dynamics 365 for Sales can help in these three key areas:

1. Unlocking New Value to Reach More Consumers and Open New Markets

The CFO Magazine article says digitalization is not just an upgrade to maintain competitiveness or improve…

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ASC 606 and IFRS 15: Are you Ready for New Revenue Recognition Rules?

The SBS Group Blog

We don’t want to add more to your to do list as things get busy around the holidays, but this is important! By now you’ve heard about the new rules governing revenue recognition for companies that will go into effect on January 1, 2018 for public companies, and January 1, 2019 for private firms. To recap, listen in to our podcast where I speak with Microsoft about the details.

ASC606 Overview

The Accounting Standard Codification 606, or ASC 606, made its debut in May 2014. It is an industry-neutral revenue recognition model designed to increase financial statement comparability among companies and industries. The objective is to decrease complexity involved with the current models for revenue recognition.

As a result, the new unit of account for revenue recognition is the obligation of a good or a service at the time it is delivered.

The Financial Accounting Standards Board (FASB), which administers Generally…

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