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kapittx · 1 year ago
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How Can Gen AI Revolutionize Your Accounts Receivable Process?
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The advent of Generative AI (Gen AI) heralds a paradigm shift in the landscape of Finance and Accounting (F&A). Much like the introduction of spreadsheets as a product innovation decades ago, finance professionals were quick to embrace and derive immense benefits from the use of spreadsheets. 
Gen AI in Finance and Accounting emerges as a potential game-changer, poised to revolutionize traditional practices within the realm of F&A and invoice payments. However, for this potential to be realized, CFOs must demonstrate openness to experimentation, allowing themselves to explore the tangible impact of Gen AI in Finance and Accounting functions.
Embarking on this journey necessitates a focused exploration of Gen AI’s applicability, particularly within accounts receivable management and invoice payments. By delving into this domain, CFOs can gain firsthand insight into the transformative power of Gen AI in Accounts Receivable. As with any strategic business investment, it is prudent to assess the anticipated returns and the timeframe within which these benefits can be realized.
In essence, embracing Gen AI in accounts receivable and invoice payments represents not only a technological advancement but also a strategic imperative for forward-thinking finance leaders. By embracing innovation and fostering a culture of experimentation, organizations can unlock unprecedented efficiency, agility, and competitive advantage in the ever-evolving landscape of finance and accounting.
How Can Gen AI Revolutionize Your Accounts Receivable Process?
Irrespective of the organization, to ensure optimal efficiency within the accounts receivable function and to explore the potential of integrating Gen AI powered Accounts receivable, it is essential to adopt a strategic approach centered around four key building blocks. These pillars serve as the foundation for effective management and innovation in accounts receivable:
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Receivable Antecedents : 
This encompasses the meticulous orchestration of all preliminary tasks necessary to establish a receivable. From the initial engagement with clients to the negotiation of terms, to the careful documentation of agreements, each step in this process demands precision and foresight. Building strong receivables antecedents lays the foundation for smooth transactions, timely invoice payments and ensures a robust financial framework
They include:
Customer Onboarding: Accurate customer data collection, credit checks, and setting credit limits.
Sales Order Processing: Efficiently converting orders into invoices.
Contractual Agreements: Clear terms and conditions regarding payment terms, discounts, and penalties.
Order Fulfillment: Ensuring timely delivery of goods or services.
Timely Invoicing: Generate invoices promptly after goods/services are delivered.
Clear and Accurate Invoices: Ensure clarity, itemization, and correct pricing.
Invoice Presentment and Reminders: 
In the dynamic landscape of revenue management, the presentation of invoices holds paramount importance. It transcends beyond mere documentation; it embodies the essence of your transactions, encapsulating the value exchanged with your clients. Your approach to invoice presentment and invoice payments is characterized by clarity, accuracy, and timeliness. Moreover, one need to recognize the strategic significance of reminders in facilitating prompt invoice payments. Through proactive communication and gentle nudges, you endeavor to uphold transparency, nurture client relationships, and optimize cash flow dynamics.
This step involves creating and delivering invoices to customers:
Multiple Channels: Offer electronic and paper-based invoice delivery to facilitate invoice payments.
Standard Payment Reminder Schedule:
o Set a consistent schedule for sending payment reminders. This helps maintain clarity and predictability for both you and your clients. o Send reminders before the due date to gently prompt clients to pay on time. o Issue reminders close to the actual due date to emphasize the urgency.
• Personalized Reminders:
      o Customize your reminders to suit each client. Address them by name and include relevant details.       o Personalization shows that you value the relationship and encourages prompt payment.
• Politeness and Professionalism:
o Maintain a polite and professional tone in your reminders. o Avoid threatening language or negativity that could harm the client relationship. o Clearly state the purpose of the reminder and the essential details, such as the invoice number, amount due, and due date.
Collaboration :
Collaboration lies at the heart of your approach, both externally with your valued customers and internally among your team members and departments. Externally, effective collaboration involves understanding your clients’ needs, communicating transparently, and working together to resolve any issues or discrepancies promptly. Internally, collaboration ensures alignment across functions, streamlines processes, and maximizes efficiency, ultimately leading to superior customer service and satisfaction.
Effective communication is crucial:
Customer Communication: Regular follow-ups, addressing queries, and resolving disputes.
Internal Coordination: Collaboration between sales, finance, and customer service teams.
Dispute Resolution: Swiftly address any discrepancies.
Payments and receipt management :
Efficient management of invoice payments and receipts is essential for maintaining cash flow and optimizing financial performance. This includes implementing secure and convenient payment channels, diligently tracking incoming payments, and promptly reconciling accounts. By prioritizing invoice payments and receipt management, you can minimize delays, mitigate risks, and ensure the stability and resilience of our financial ecosystem.
Efficient handling of incoming invoice payments:
Payment Channels: Accept various methods (credit cards, bank transfers, etc.).
Reconciliation: Match payments with outstanding invoices.
Cash Application: Apply payments accurately to the correct accounts.
What are the building blocks of Gen AI in Accounts Receivable?
Overall, Gen AI in accounts receivable encompasses a wide range of capabilities making it a versatile tool for various applications across different domains. A few of the core building blocks are –
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Data Generation: Gen AI In accounts receivable, can generate synthetic data to augment existing datasets used for training predictive models. For example, it can create simulated customer invoice payments histories, including variations in payment amounts, frequencies, and timing. This synthetic data allows organizations to train their models more comprehensively, improving the accuracy of predictions regarding future payment behavior.
Data Conversion: Gen AI in accounts receivable can facilitate the conversion of data between different formats in the accounts receivable process. For instance, it can automatically convert paper-based invoices into digital formats by extracting relevant information such as invoice numbers, amounts, and due dates using optical character recognition (OCR) technology. This conversion streamlines the invoicing process, reducing manual effort and minimizing errors.
Data Categorization: Gen AI in accounts receivable, can categorize transactions based on various criteria such as invoice payment methods, customer segments, or invoice statuses. For example, it can automatically classify incoming invoice payments as cash, checks, or electronic transfers, allowing finance teams to track payment trends and reconcile accounts more efficiently. By categorizing transactions accurately, Gen AI powered accounts receivable enhances data organization and facilitates deeper insights into receivables management.
Advisor Functionality: Gen AI in accounts receivable serves as an intelligent advisor by providing actionable insights and recommendations based on analyzed data. For example, it can identify patterns of late invoice payments or discrepancies in invoicing that may indicate potential issues with specific customers or billing processes. By alerting finance teams to these anomalies, Gen AI powered accounts receivable enables proactive intervention to mitigate risks and optimize cash flow management.
Overall, Generative AI enhances the efficiency and effectiveness of accounts receivable operations by generating data, facilitating data conversion, categorizing transactions, and providing intelligent advisory support. By leveraging Gen AI capabilities, organizations can streamline receivables management processes, improve decision-making, and ultimately enhance financial performance.
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aconsultancyblogs · 1 month ago
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Transforming Financial Processes for the Future with AR Outsourcing
As businesses evolve in the digital era, financial operations must keep pace. One forward-thinking strategy gaining traction is accounts receivable outsourcing—a solution that drives accuracy, speed, and cost-efficiency. Embracing this model is not just about delegation; it’s about reshaping the future of finance.
The demand for efficiency in collections is higher than ever. Late payments and processing delays can strain cash flow and hinder growth. Outsourced AR teams use automated reminders, analytics, and streamlined workflows to ensure quicker payments and improved customer communication.
Looking ahead, the future of finance lies in data-driven decision-making and lean operations. By outsourcing AR, companies gain access to industry best practices, AI-powered tools, and dashboards that track every receivable in real time.
One major benefit of outsourcing is automation in AR. Manual invoicing and follow-ups are time-consuming and prone to error. Through automation, businesses can accelerate collections, reduce human error, and free up internal resources for more strategic tasks.
Moreover, accounts receivable outsourcing fits perfectly within a broader shift toward outsourced finance solutions. From bookkeeping to collections, finance departments are increasingly relying on external specialists to deliver high performance without the high cost of in-house teams.
Ultimately, accounts receivable outsourcing empowers companies to scale effortlessly. It supports agility, reduces financial risks, and enables smarter resource allocation—all essential elements in a competitive market.
In summary, embracing AR outsourcing is not just a tactical move—it’s a strategic step toward modern, efficient, and future-ready finance operations.
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redmapletechnologies · 2 months ago
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Red Maple Showcases AR Payment Automation Solutions at the MSDW Dynamics 365 BC & NAV AR Payment Automation Showcase - Red Maple
We were thrilled to participate in the MSDW Dynamics 365 BC & NAV AR Payment Automation Showcase, where we demonstrated how Red Maple’s innovative solutions empower businesses to streamline accounts receivable processes and enhance payment automation.
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atcuality3 · 3 months ago
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Next-Gen AR Development: Bringing Ideas to Life - Atcuality
Augmented reality is no longer just a futuristic concept—it’s here, transforming industries and enhancing real-world applications. At Atcuality, we specialize in custom AR solutions designed to create interactive, engaging, and scalable experiences for businesses of all sizes. Our augmented reality development services cater to diverse industries, including retail, tourism, real estate, and automotive, helping brands deliver unforgettable user experiences. Whether you need AR-powered product visualization, training simulations, or interactive storytelling, our expert team ensures a seamless, high-quality solution tailored to your needs. Elevate your business with Atcuality’s cutting-edge AR technology and shape the future of digital interaction today!
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yoogeswaran · 7 months ago
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ALTOS Technologies: Leading Web Development & IT Solutions in India
ALTOS Technologies provides comprehensive IT solutions including web development, mobile apps, AI, Python. With expertise in 3D modeling, digital marketing, and custom software development, we cater to businesses aiming for digital transformation.
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ibntechnologies · 1 year ago
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Ibn Technologies offers AP/AR Automation solutions to streamline your financial processes. Our AI-driven platform seamlessly integrates with your existing systems, automating invoice processing, payments, and reconciliations. Reduce manual efforts, improve accuracy, and gain real-time visibility into your cash flow. Experience enhanced efficiency, cost savings, and improved customer/vendor relationships with our cutting-edge AP/AR Automation services tailored for your business needs.
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mostlysignssomeportents · 2 years ago
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The enshittification of garage-door openers reveals a vast and deadly rot
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I'll be at the Studio City branch of the LA Public Library on Monday, November 13 at 1830hPT to launch my new novel, The Lost Cause. There'll be a reading, a talk, a surprise guest (!!) and a signing, with books on sale. Tell your friends! Come on down!
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How could this happen? Owners of Chamberlain MyQ automatic garage door openers just woke up to discover that the company had confiscated valuable features overnight, and that there was nothing they could do about it.
Oh, we know what happened, technically speaking. Chamberlain shut off the API for its garage-door openers, which breaks their integration with home automation systems like Home Assistant. The company even announced that it was doing this, calling the integration an "unauthorized usage" of its products, though the "unauthorized" parties in this case are the people who own Chamberlain products:
https://chamberlaingroup.com/press/a-message-about-our-decision-to-prevent-unauthorized-usage-of-myq
We even know why Chamberlain did this. As Ars Technica's Ron Amadeo points out, shutting off the API is a way for Chamberlain to force its customers to use its ad-beshitted, worst-of-breed app, so that it can make a few pennies by nonconsensually monetizing its customers' eyeballs:
https://arstechnica.com/gadgets/2023/11/chamberlain-blocks-smart-garage-door-opener-from-working-with-smart-homes/
But how did this happen? How did a giant company like Chamberlain come to this enshittening juncture, in which it felt empowered to sabotage the products it had already sold to its customers? How can this be legal? How can it be good for business? How can the people who made this decision even look themselves in the mirror?
To answer these questions, we must first consider the forces that discipline companies, acting against the impulse to enshittify their products and services. There are four constraints on corporate conduct:
I. Competition. The fear of losing your business to a rival can stay even the most sociopathic corporate executive's hand.
II. Regulation. The fear of being fined, criminally sanctioned, or banned from doing business can check the greediest of leaders.
III. Capability. Corporate executives can dream up all kinds of awful ways to shift value from your side of the ledger to their own, but they can only do the things that are technically feasible.
IV. Self-help. The possibility of customers modifying, reconfiguring or altering their products to restore lost functionality or neutralize antifeatures carries an implied threat to vendors. If a printer company's anti-generic-ink measures drives a customer to jailbreak their printers, the original manufacturer's connection to that customer is permanently severed, as the customer creates a durable digital connection to a rival.
When companies act in obnoxious, dishonest, shitty ways, they aren't merely yielding to temptation – they are evading these disciplining forces. Thus, the Great Enshittening we are living through doesn't reflect an increase in the wickedness of corporate leadership. Rather, it represents a moment in which each of these disciplining factors have been gutted by specific policies.
This is good news, actually. We used to put down rat poison and we didn't have a rat problem. Then we stopped putting down rat poison and rats are eating us alive. That's not a nice feeling, but at least we know at least one way of addressing it – we can start putting down poison again. That is, we can start enforcing the rules that we stopped enforcing, in living memory. Having a terrible problem is no fun, but the best kind of terrible problem to have is one that you know a solution to.
As it happens, Chamberlain is a neat microcosm for all the bad policy choices that created the Era of Enshittification. Let's go through them:
Competition: Chamberlain doesn't have to worry about competition, because it is owned by a private equity fund that "rolled up" all of Chamberlain's major competitors into a single, giant firm. Most garage-door opener brands are actually Chamberlain, including "LiftMaster, Chamberlain, Merlin, and Grifco":
https://www.lakewoodgaragedoor.biz/blog/the-history-of-garage-door-openers
This is a pretty typical PE rollup, and it exploits a bug in US competition law called "Antitrust's Twilight Zone":
https://pluralistic.net/2022/12/16/schumpeterian-terrorism/#deliberately-broken
When companies buy each other, they are subject to "merger scrutiny," a set of guidelines that the FTC and DoJ Antitrust Division use to determine whether the outcome is likely to be bad for competition. These rules have been pretty lax since the Reagan administration, but they've currently being revised to make them substantially more strict:
https://www.justice.gov/opa/pr/justice-department-and-ftc-seek-comment-draft-merger-guidelines
One of the blind spots in these merger guidelines is an exemption for mergers valued at less than $101m. Under the Hart-Scott-Rodino Act, these fly under the radar, evading merger scrutiny. That means that canny PE companies can roll up dozens and dozens of standalone businesses, like funeral homes, hospital beds, magic mushrooms, youth addiction treatment centers, mobile home parks, nursing homes, physicians’ practices, local newspapers, or e-commerce sellers:
http://www.economicliberties.us/wp-content/uploads/2022/12/Serial-Acquisitions-Working-Paper-R4-2.pdf
By titrating the purchase prices, PE companies – like Blackstone, owners of Chamberlain and all the other garage-door makers – can acquire a monopoly without ever raising a regulatory red flag.
But antitrust enforcers aren't helpless. Under (the long dormant) Section 7 of the Clayton Act, competition regulators can block mergers that lead to "incipient monopolization." The incipiency standard prevented monopolies from forming from 1914, when the Clayton Act passed, until the Reagan administration. We used to put down rat poison, and we didn't have rats. We stopped, and rats are gnawing our faces off. We still know where the rat poison is – maybe we should start putting it down again.
On to regulation. How is it possible for Chamberlain to sell you a garage-door opener that has an API and works with your chosen home automation system, and then unilaterally confiscate that valuable feature? Shouldn't regulation protect you from this kind of ripoff?
It should, but it doesn't. Instead, we have a bunch of regulations that protect Chamberlain from you. Think of binding arbitration, which allows Chamberlain to force you to click through an "agreement" that takes away your right to sue them or join a class-action suit:
https://pluralistic.net/2022/10/20/benevolent-dictators/#felony-contempt-of-business-model
But regulation could protect you from Chamberlain. Section 5 of the Federal Trade Commission Act allows the FTC to ban any "unfair and deceptive" conduct. This law has been on the books since 1914, but Section 5 has been dormant, forgotten and unused, for decades. The FTC's new dynamo chair, Lina Khan, has revived it, and is use it like a can-opener to free Americans who've been trapped by abusive conduct:
https://pluralistic.net/2023/01/10/the-courage-to-govern/#whos-in-charge
Khan's used Section 5 powers to challenge privacy invasions, noncompete clauses, and other corporate abuses – the bait-and-switch tactics of Chamberlain are ripe for a Section 5 case. If you buy a gadget because it has five features and then the vendor takes two of them away, they are clearly engaged in "unfair and deceptive" conduct.
On to capability. Since time immemorial, corporate leaders have fetishized "flexibility" in their business arrangements – like the ability to do "dynamic pricing" that changes how much you pay for something based on their guess about how much you are willing to pay. But this impulse to play shell games runs up against the hard limits of physical reality: grocers just can't send an army of rollerskated teenagers around the store to reprice everything as soon as a wealthy or desperate-looking customer comes through the door. They're stuck with crude tactics like doubling the price of a flight that doesn't include a Saturday stay as a way of gouging business travelers on an expense account.
With any shell-game, the quickness of the hand deceives the eye. Corporate crooks armed with computers aren't smarter or more wicked than their analog forebears, but they are faster. Digital tools allow companies to alter the "business logic" of their services from instant to instant, in highly automated ways:
https://pluralistic.net/2023/02/19/twiddler/
The monopoly coalition has successfully argued that this endless "twiddling" should not be constrained by privacy, labor or consumer protection law. Without these constraints, corporate twiddlers can engage in all kinds of ripoffs, like wage theft and algorithmic wage discrimination:
https://pluralistic.net/2023/04/12/algorithmic-wage-discrimination/#fishers-of-men
Twiddling is key to the Darth Vader MBA ("I am altering the deal. Pray I don't alter it further"), in which features are confiscated from moment to moment, without warning or recourse:
https://pluralistic.net/2023/10/26/hit-with-a-brick/#graceful-failure
There's no reason to accept the premise that violating your privacy, labor rights or consumer rights with a computer is so different from analog ripoffs that existing laws don't apply. The unconstrained twiddling of digital ripoff artists is a plague on billions of peoples' lives, and any enforcer who sticks up for our rights will have an army of supporters behind them.
Finally, there's the fear of self-help measures. All the digital flexibility that tech companies use to take value away can be used to take it back, too. The whole modern history of digital computers is the history of "adversarial interoperability," in which the sleazy antifeatures of established companies are banished through reverse-engineering, scraping, bots and other forms of technological guerrilla warfare:
https://www.eff.org/deeplinks/2019/10/adversarial-interoperability
Adversarial interoperability represents a serious threat to established business. If you're a printer company gouging on toner, your customers might defect to a rival that jailbreaks your security measures. That's what happened to Lexmark, who lost a case against the toner-refilling company Static Controls, which went on to buy Lexmark:
https://www.eff.org/deeplinks/2019/06/felony-contempt-business-model-lexmarks-anti-competitive-legacy
Sure, your customers are busy and inattentive and you can degrade the quality of your product a lot before they start looking for ways out. But once they cross that threshold, you can lose them forever. That's what happened to Microsoft: the company made the tactical decision to produce a substandard version of Office for the Mac in a drive to get Mac users to switch to Windows. Instead, Apple made Iwork (Pages, Numbers and Keynote), which could read and write every Office file, and Mac users threw away Office, the only Microsoft product they owned, permanently severing their relationship to the company:
https://www.eff.org/deeplinks/2019/06/adversarial-interoperability-reviving-elegant-weapon-more-civilized-age-slay
Today, companies can operate without worrying about this kind of self-help measure. There' a whole slew of IP rights that Chamberlain can enforce against you if you try to fix your garage-door opener yourself, or look to a competitor to sell you a product that restores the feature they took away:
https://locusmag.com/2020/09/cory-doctorow-ip/
Jailbreaking your Chamberlain gadget in order to make it answer to a rival's app involves bypassing a digital lock. Trafficking in a tool to break a digital lock is a felony under Section 1201 of the Digital Millennium Copyright, carrying a five-year prison sentence and a $500,000 fine.
In other words, it's not just that tech isn't regulated, allowing for endless twiddling against your privacy, consumer rights and labor rights. It's that tech is badly regulated, to permit unlimited twiddling by tech companies to take away your rightsand to prohibit any twiddling by you to take them back. The US government thumbs the scales against you, creating a regime that Jay Freeman aptly dubbed "felony contempt of business model":
https://pluralistic.net/2022/10/23/how-to-fix-cars-by-breaking-felony-contempt-of-business-model/
All kinds of companies have availed themselves of this government-backed superpower. There's DRM – digital locks, covered by DMCA 1201 – in powered wheelchairs:
https://www.eff.org/deeplinks/2022/06/when-drm-comes-your-wheelchair
In dishwashers:
https://pluralistic.net/2021/05/03/cassette-rewinder/#disher-bob
In treadmills:
https://pluralistic.net/2021/06/22/vapescreen/#jane-get-me-off-this-crazy-thing
In tractors:
https://pluralistic.net/2022/05/08/about-those-kill-switched-ukrainian-tractors/
It should come as no surprise to learn that Chamberlain has used DMCA 1201 to block interoperable garage door opener components:
https://scholarship.law.marquette.edu/cgi/viewcontent.cgi?article=1233&context=iplr
That's how we arrived at this juncture, where a company like Chamberlain can break functionality its customers value highly, solely to eke out a minuscule new line of revenue by selling ads on their own app.
Chamberlain bought all its competitors.
Chamberlain operates in a regulatory environment that is extremely tolerant of unfair and deceptive practices. Worse: they can unilaterally take away your right to sue them, which means that if regulators don't bestir themselves to police Chamberlain, you are shit out of luck.
Chamberlain has endless flexibility to unilaterally alter its products' functionality, in fine-grained ways, even after you've purchased them.
Chamberlain can sue you if you try to exercise some of that same flexibility to protect yourself from their bad practices.
Combine all four of those factors, and of course Chamberlain is going to enshittify its products. Every company has had that one weaselly asshole at the product-planning table who suggests a petty grift like breaking every one of the company's customers' property to sell a few ads. But historically, the weasel lost the argument to others, who argued that making every existing customer furious would affect the company's bottom line, costing it sales and/or fines, and prompting customers to permanently sever their relationship with the company by seeking out and installing alternative software. Take away all the constraints on a corporation's worst impulses, and this kind of conduct is inevitable:
https://pluralistic.net/2023/07/28/microincentives-and-enshittification/
This isn't limited to Chamberlain. Without the discipline of competition, regulation, self-help measures or technological limitations, every industry in undergoing wholesale enshittification. It's not a coincidence that Chamberlain's grift involves a push to move users into its app. Because apps can't be reverse-engineered and modified without risking DMCA 1201 prosecution, forcing a user into an app is a tidy and reliable way to take away that user's rights.
Think about ad-blocking. One in four web users has installed an ad-blockers ("the biggest boycott in world history" -Doc Searls). Zero app users have installed app-blockers, because they don't exist, because making one is a felony. An app is just a web-page wrapped in enough IP to make it a crime to defend yourself against corporate predation:
https://pluralistic.net/2023/08/27/an-audacious-plan-to-halt-the-internets-enshittification-and-throw-it-into-reverse/
The temptation to enshitiffy isn't new, but the ability to do so without consequence is a modern phenomenon, the intersection of weak policy enforcement and powerful technology. Your car is autoenshittified, a rolling rent-seeking platform that spies on you and price-gouges you:
https://pluralistic.net/2023/07/24/rent-to-pwn/#kitt-is-a-demon
Cars are in an uncontrolled skid over Enshittification Cliff. Honda, Toyota, VW and GM all sell cars with infotainment systems that harvest your connected phone's text-messages and send them to the corporation for data-mining. What's more, a judge in Washington state just ruled that this is legal:
https://therecord.media/class-action-lawsuit-cars-text-messages-privacy
While there's no excuse for this kind of sleazy conduct, we can reasonably anticipate that if our courts would punish companies for engaging in it, they might be able to resist the temptation. No wonder Mozilla's latest Privacy Not Included research report called cars "the worst product category we have ever reviewed":
https://foundation.mozilla.org/en/privacynotincluded/articles/its-official-cars-are-the-worst-product-category-we-have-ever-reviewed-for-privacy/
I mean, Nissan tries to infer facts about your sex life and sells those inferences to marketing companies:
https://foundation.mozilla.org/en/privacynotincluded/nissan/
But the OG digital companies are the masters of enshittification. Microsoft has been at this game for longer than anyone, and every day brings a fresh way that Microsoft has worsened its products without fear of consequence. The latest? You can't delete your OneDrive account until you provide an acceptable explanation for your disloyalty:
https://www.theverge.com/2023/11/8/23952878/microsoft-onedrive-windows-close-app-notification
It's tempting to think that the cruelty is the point, but it isn't. It's almost never the point. The point is power and money. Unscrupulous businesses have found ways to make money by making their products worse since the industrial revolution. Here's Jules Dupuis, writing about 19th century French railroads:
It is not because of the few thousand francs which would have to be spent to put a roof over the third-class carriages or to upholster the third-class seats that some company or other has open carriages with wooden benches. What the company is trying to do is to prevent the passengers who can pay the second class fare from traveling third class; it hits the poor, not because it wants to hurt them, but to frighten the rich. And it is again for the same reason that the companies, having proved almost cruel to the third-class passengers and mean to the second-class ones, become lavish in dealing with first-class passengers. Having refused the poor what is necessary, they give the rich what is superfluous.
https://www.tumblr.com/mostlysignssomeportents/731357317521719296/having-refused-the-poor-what-is-necessary-they
But as bad as all this is, let me remind you about the good part: we know how to stop companies from enshittifying their products. We know what disciplines their conduct: competition, regulation, capability and self-help measures. Yes, rats are gnawing our eyeballs, but we know which rat-poison to use, and where to put it to control those rats.
Competition, regulation, constraint and self-help measures all backstop one another, and while one or a few can make a difference, they are most powerful when they're all mobilized in concert. Think of the failure of the EU's landmark privacy law, the GDPR. While the GDPR proved very effective against bottom-feeding smaller ad-tech companies, the worse offenders, Meta and Google, have thumbed their noses at it.
This was enabled in part by the companies' flying an Irish flag of convenience, maintaining the pretense that they have to be regulated in a notorious corporate crime-haven:
https://pluralistic.net/2023/05/15/finnegans-snooze/#dirty-old-town
That let them get away with all kinds of shenanigans, like ignoring the GDPR's requirement that you should be able to easily opt out of data-collection without having to go through cumbersome "cookie consent" dialogs or losing access to the service as punishment for declining to be tracked.
As the noose has tightened around these surveillance giants, they're continuing to play games. Meta now says that the only way to opt out of data-collection in the EU is to pay for the service:
https://pluralistic.net/2023/10/30/markets-remaining-irrational/#steins-law
This is facially illegal under the GDPR. Not only are they prohibited from punishing you for opting out of collection, but the whole scheme ignores the nature of private data collection. If Facebook collects the fact that you and I are friends, but I never opted into data-collection, they have violated the GDPR, even if you were coerced into granting consent:
https://www.nakedcapitalism.com/2023/11/the-pay-or-consent-challenge-for-platform-regulators.html
The GDPR has been around since 2016 and Google and Meta are still invading 500 million Europeans' privacy. This latest delaying tactic could add years to their crime-spree before they are brought to justice.
But most of this surveillance is only possible because so much of how you interact with Google and Meta is via an app, and an app is just a web-page that's a felony to make an ad-blocker for. If the EU were to legalize breaking DRM – repealing Article 6 of the 2001 Copyright Directive – then we wouldn't have to wait for the European Commission to finally wrestle these two giant companies to the ground. Instead, EU companies could make alternative clients for all of Google and Meta's services that don't spy on you, without suffering the fate of OG App, which tried this last winter and was shut down by "felony contempt of business model":
https://pluralistic.net/2023/02/05/battery-vampire/#drained
Enshittification is demoralizing. To quote @wilwheaton, every update to the services we use inspires "dread of 'How will this complicate things as I try to maintain privacy and sanity in a world that demands I have this thing to operate?'"
https://wilwheaton.tumblr.com/post/698603648058556416/cory-doctorow-if-you-see-this-and-have-thoughts
But there are huge natural constituencies for the four disciplining forces that keep enshittification at bay.
Remember, Antitrust's Twilight Zone doesn't just allow rollups of garage-door opener companies – it's also poison for funeral homes, hospital beds, magic mushrooms, youth addiction treatment centers, mobile home parks, nursing homes, physicians’ practices, local newspapers, or e-commerce sellers.
The Binding Arbitration scam that stops Chamberlain customers from suing the company also stops Uber drivers from suing over stolen wages, Turbotax customers from suing over fraud, and many other victims of corporate crime from getting a day in court.
The failure to constrain twiddling to protect privacy, labor rights and consumer rights enables a host of abuses, from stalking, doxing and SWATting to wage theft and price gouging:
https://pluralistic.net/2023/11/06/attention-rents/#consumer-welfare-queens
And Felony Contempt of Business Model is used to screw you over every time you refill your printer, run your dishwasher, or get your Iphone's screen replaced.
The actions needed to halt and reverse this enshittification are well understood, and the partisans for taking those actions are too numerous to count. It's taken a long time for all those individuals suffering under corporate abuses to crystallize into a movement, but at long last, it's happening.
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If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2023/11/09/lead-me-not-into-temptation/#chamberlain
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Image: Cryteria (modified) https://commons.wikimedia.org/wiki/File:HAL9000.svg
CC BY 3.0 https://creativecommons.org/licenses/by/3.0/deed.en
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sunshinesmebdy · 1 year ago
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Pluto in Aquarius: Brace for a Business Revolution (and How to Ride the Wave)
The Aquarian Revolution
Get ready, entrepreneurs and financiers, because a seismic shift is coming. Pluto, the planet of transformation and upheaval, has just entered the progressive sign of Aquarius, marking the beginning of a 20-year period that will reshape the very fabric of business and finance. Buckle up, for this is not just a ripple – it's a tsunami of change. Imagine a future where collaboration trumps competition, sustainability dictates success, and technology liberates rather than isolates. Aquarius, the sign of innovation and humanitarianism, envisions just that. Expect to see:
Rise of social impact businesses
Profits won't be the sole motive anymore. Companies driven by ethical practices, environmental consciousness, and social good will gain traction. Aquarius is intrinsically linked to collective well-being and social justice. Under its influence, individuals will value purpose-driven ventures that address crucial societal issues. Pluto urges us to connect with our deeper selves and find meaning beyond material gains. This motivates individuals to pursue ventures that resonate with their personal values and make a difference in the world.
Examples of Social Impact Businesses
Sustainable energy companies: Focused on creating renewable energy solutions while empowering local communities.
Fair-trade businesses: Ensuring ethical practices and fair wages for producers, often in developing countries.
Social impact ventures: Addressing issues like poverty, education, and healthcare through innovative, community-driven approaches.
B corporations: Certified businesses that meet rigorous social and environmental standards, balancing profit with purpose.
Navigating the Pluto in Aquarius Landscape
Align your business with social impact: Analyze your core values and find ways to integrate them into your business model.
Invest in sustainable practices: Prioritize environmental and social responsibility throughout your operations.
Empower your employees: Foster a collaborative environment where everyone feels valued and contributes to the social impact mission.
Build strong community partnerships: Collaborate with organizations and communities that share your goals for positive change.
Embrace innovation and technology: Utilize technology to scale your impact and reach a wider audience.
Pluto in Aquarius presents a thrilling opportunity to redefine the purpose of business, moving beyond shareholder value and towards societal well-being. By aligning with the Aquarian spirit of innovation and collective action, social impact businesses can thrive in this transformative era, leaving a lasting legacy of positive change in the world.
Tech-driven disruption
AI, automation, and blockchain will revolutionize industries, from finance to healthcare. Be ready to adapt or risk getting left behind. Expect a focus on developing Artificial Intelligence with ethical considerations and a humanitarian heart, tackling issues like healthcare, climate change, and poverty alleviation. Immersive technologies will blur the lines between the physical and digital realms, transforming education, communication, and entertainment. Automation will reshape the job market, but also create opportunities for new, human-centered roles focused on creativity, innovation, and social impact.
Examples of Tech-Driven Disruption:
Decentralized social media platforms: User-owned networks fueled by blockchain technology, prioritizing privacy and community over corporate profits.
AI-powered healthcare solutions: Personalized medicine, virtual assistants for diagnostics, and AI-driven drug discovery.
VR/AR for education and training: Immersive learning experiences that transport students to different corners of the world or historical periods.
Automation with a human touch: Collaborative robots assisting in tasks while freeing up human potential for creative and leadership roles.
Navigating the Technological Tsunami:
Stay informed and adaptable: Embrace lifelong learning and upskilling to stay relevant in the evolving tech landscape.
Support ethical and sustainable tech: Choose tech products and services aligned with your values and prioritize privacy and social responsibility.
Focus on your human advantage: Cultivate creativity, critical thinking, and emotional intelligence to thrive in a world increasingly reliant on technology.
Advocate for responsible AI development: Join the conversation about ethical AI guidelines and ensure technology serves humanity's best interests.
Connect with your community: Collaborate with others to harness technology for positive change and address the potential challenges that come with rapid technological advancements.
Pluto in Aquarius represents a critical juncture in our relationship with technology. By embracing its disruptive potential and focusing on ethical development and collective benefit, we can unlock a future where technology empowers humanity and creates a more equitable and sustainable world. Remember, the choice is ours – will we be swept away by the technological tsunami or ride its wave towards a brighter future?
Decentralization and democratization
Power structures will shift, with employees demanding more autonomy and consumers seeking ownership through blockchain-based solutions. Traditional institutions, corporations, and even governments will face challenges as power shifts towards distributed networks and grassroots movements. Individuals will demand active involvement in decision-making processes, leading to increased transparency and accountability in all spheres. Property and resources will be seen as shared assets, managed sustainably and equitably within communities. This transition won't be without its bumps. We'll need to adapt existing legal frameworks, address digital divides, and foster collaboration to ensure everyone benefits from decentralization.
Examples of Decentralization and Democratization
Decentralized autonomous organizations (DAOs): Self-governing online communities managing shared resources and projects through blockchain technology.
Community-owned renewable energy initiatives: Local cooperatives generating and distributing clean energy, empowering communities and reducing reliance on centralized grids.
Participatory budgeting platforms: Citizens directly allocate local government funds, ensuring public resources are used in line with community needs.
Decentralized finance (DeFi): Peer-to-peer lending and borrowing platforms, bypassing traditional banks and offering greater financial autonomy for individuals.
Harnessing the Power of the Tide:
Embrace collaborative models: Participate in co-ops, community projects, and initiatives that empower collective ownership and decision-making.
Support ethical technology: Advocate for blockchain platforms and applications that prioritize user privacy, security, and equitable access.
Develop your tech skills: Learn about blockchain, cryptocurrencies, and other decentralized technologies to navigate the future landscape.
Engage in your community: Participate in local decision-making processes, champion sustainable solutions, and build solidarity with others.
Stay informed and adaptable: Embrace lifelong learning and critical thinking to navigate the evolving social and economic landscape.
Pluto in Aquarius presents a unique opportunity to reimagine power structures, ownership models, and how we interact with each other. By embracing decentralization and democratization, we can create a future where individuals and communities thrive, fostering a more equitable and sustainable world for all. Remember, the power lies within our collective hands – let's use it wisely to shape a brighter future built on shared ownership, collaboration, and empowered communities.
Focus on collective prosperity
Universal basic income, resource sharing, and collaborative economic models may gain momentum. Aquarius prioritizes the good of the collective, advocating for equitable distribution of resources and opportunities. Expect a rise in social safety nets, universal basic income initiatives, and policies aimed at closing the wealth gap. Environmental health is intrinsically linked to collective prosperity. We'll see a focus on sustainable practices, green economies, and resource sharing to ensure a thriving planet for generations to come. Communities will come together to address social challenges like poverty, homelessness, and healthcare disparities, recognizing that individual success is interwoven with collective well-being. Collaborative consumption, resource sharing, and community-owned assets will gain traction, challenging traditional notions of ownership and fostering a sense of shared abundance.
Examples of Collective Prosperity in Action
Community-owned renewable energy projects: Sharing the benefits of clean energy production within communities, democratizing access and fostering environmental sustainability.
Cooperatives and worker-owned businesses: Sharing profits and decision-making within companies, leading to greater employee satisfaction and productivity.
Universal basic income initiatives: Providing individuals with a basic safety net, enabling them to pursue their passions and contribute to society in meaningful ways.
Resource sharing platforms: Platforms like carsharing or tool libraries minimizing individual ownership and maximizing resource utilization, fostering a sense of interconnectedness.
Navigating the Shift
Support social impact businesses: Choose businesses that prioritize ethical practices, environmental sustainability, and positive social impact.
Contribute to your community: Volunteer your time, skills, and resources to address local challenges and empower others.
Embrace collaboration: Seek opportunities to work together with others to create solutions for shared problems.
Redefine your own path to prosperity: Focus on activities that bring you personal fulfillment and contribute to the collective good.
Advocate for systemic change: Support policies and initiatives that promote social justice, environmental protection, and equitable distribution of resources.
Pluto in Aquarius offers a unique opportunity to reshape our definition of prosperity and build a future where everyone thrives. By embracing collective well-being, collaboration, and sustainable practices, we can create a world where abundance flows freely, enriching not just individuals, but the entire fabric of society. Remember, true prosperity lies not in what we hoard, but in what we share, and by working together, we can cultivate a future where everyone has the opportunity to flourish.
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I had been waiting patiently for some time now. I used to struggle so much with sitting still, but Miss Carniscia makes it so easy. All day, little instant messages sent to the chatbox in my peripheral vision, love notes and commands for what to do next. Some of them are automated, I think, reminders to eat and take my medication, but plenty are handwritten just for me. She keeps me warm and fuzzy, sending me messages calling me cute, and telling me all of the… the things she’s going to do when she gets home… I can’t help but rub my thighs together. I know she’s very aware of the effect she has on me, and that only makes me more excited. I don’t answer much, other than short notes back. I get too flustered, and I can’t think good… clearly. I can’t think clearly.
I blink and move to the medicine cabinet like she says, taking out the pills she leaves me and swallowing. She could give me all of my doses herself, but she knows I like the schedule and the independence. Because I am independent, even if she has me living here until I can get back on my feet. I even signed those stupid “Floret” documents, just so I could get some better implants. Plus, it made her happy, and I really like Miss Carniscia. But, she’s assured me many times, as soon as I’m ready to be independent, I just have to step out of the front door. Then we can keep dating on equal footing. Like it should be.
Well, regardless, I took my lunch meds and ate some food, and I don’t have much else for today… I sit down in front of the door. The text readout in the corner of my eye says something, and I have to focus to read it.
-] Waiting by the door like a good little puppy… So adorable
-] xoxo. Good girl.
I feel a shiver run down my spine as I read it, and I feel that tingling metallic sensation when you start salivating heavily coat my mouth. I hate it when she teases like this. My hand wanders unconsciously to that spot between my thighs, the little miniskirt she keeps me in tented up embarrassingly… When I get an idea. Revenge.
I pick the little miniature device, no larger than the head of a pin, from behind my ear and toss it into the air. The small object, a camera and AR interface that I use (mostly because I have no pockets), floats and presents a little transparent interface. Camera app, selfie, timer… I strike my most adorable pose, making sure my tented little skirt is clear in frame but not quite centered, and let the camera click.
I hit send.
-] Typing…
My breath catches. The hand between my thighs keeps moving.
-] Naughty puppy. Still quite adorable, though~
-] We’ll talk when I get home. 15 minutes. xoxo.
Miss Carniscia walks up to her hab unit in an exceptionally bright mood. She steps up the three little stairs, built too large for Terrans to climb comfortably without help, walks to her hab unit, and stands in front of the door. She knows I can feel her bio rhythm, can anticipate exactly what happens next. She knows just how much I love it, too. How the wait, the game, the chase itself is addictive. I nibble at my bottom lip and stare at the door handle. I’m not sure if it’s the drug or the anticipation, but I end up drooling like a dog. Finally, finally, the door knob turns.
“Hello, my little petal~ Someone got too excited to wait anymore, didn’t they?”
I respond by pawing at her shins, a beautiful tapestry of leaves and flower petals, a form crafted lovingly in the pattern of a long flowing dress out of the anatomy of a carnation. I whine, any semblance of disobedience or pesky independence melted into a puddle of puppy-thoughts. I tell myself it’s the drugs. Of course she’d spike my medication, just to get me all stupid for her, keep me reliant…
“There’s my sweet little girl~... Well, unfortunately for you, my rosebud, you’ve already made quite the spectacle for your Mistress at work. I had to come home just to make sure you wouldn’t get into trouble! Don’t fret though, little one, Mistress has just the solution~”
I shiver in anticipation and nod, excited for what she has in store. The fear of being punished mixes beautifully with the thrill of being owned, only aided by the freedom of knowing I don’t have to pretend to be independent, to be strong. It’s the drugs! And that lets me give in, give in to her- wait, what is-
Miss Carniscia lets a long vine fall from her shoulder, snaking across the ground and slithering up my body. She takes special care to wrap it around my waist, my thighs, slipping under clothes and teasing me where I want it most-- My breath hitches and I shut my eyes tight. The vine wraps finally around my throat, restricting my breath to short, ragged gasps. She forces me head upwards, her hand tangling in my hair and yanking me backwards.
“Isn’t it so much better this way, pet? Mmmm… time for you to earn it, mutt.”
The whimper that escapes my lips is barely audible between choked gasps. She doesn’t bother to pick me up, just walking to the bedroom and dragging me behind her, vine wrapped around my neck as a makeshift collar and leash. I crawl after her as best I can, but stumble multiple times. She’s moving too fast- there’s a step going from the entryway into the hallway, and it’s too big for me to make smoothly. She doesn’t care, pulling me along behind her as I whimper.
“Come on puppy! You can do it, good girl~”
The praise is enough to keep me going. I crawl behind her and finally make it to the bedroom. I silently thank the heavens she doesn’t make me climb up onto the bed, it being as tall as I am. She lifts me and sets me down on the mattress
“Oh, what a good girl you are… Good job, little Petal, time for your reward!”
I sit on the mattress, kneeling in front of her as her form mutates, the leaves and flower petals that make up her beautiful dress morphing into a far more revealing evening slip. The vines around my neck slip down to my wrists and ankles, more long, green tendrils exuding from her body and wrapping me up. She used her hand to grab a collar off the desk, an inefficient gesture. She's being clear enough without speaking: She's going to tame me, at least for tonight.
I look up at her. It's all I can do, look up at her and plead silently. My tongue feels fat and imprecise, lolling and swirling lazily in my mouth without purpose. She laughs at me, gliding back to the bed with the collar in hand.
“You ought to know why I'm doing this.”
I nod.
“Say it, Petal.”
I open my mouth. A small croaking noise comes out as I try to remember how to speak, what muscles to tense or manipulate to form words without jawing at her like a pig. The clumsiness of my face makes me blush, feeling stupid.
“Poor thing. Take your time.”
“I-... I-- I'fve b-ben a bad gur-l…?”
The affini’s face lights up in joy, her face etched with pride and glee.
“Good girl!! That's right, you've been naughty, and now Miss Carniscia has to teach you a little lesson!”
“...I-Izzit gunna hurt?”
“Oh don't worry, petal, nothing you can't handle.”
I find myself nodding and kneeling to her, on my knees and elbows, lowering my head in submission. My thoughts are singular: I've been bad, and I need to be punished. I feel the collar tighten around my neck, and another pathetic noise escapes my lips. Then, the vines lazily wrapped around my arms and legs pull taught and spread me out on the bed, my legs hanging off the side.
“Now be a good girl and count for your Mistress.”
A second of confusion is quickly interrupted by the sharp feeling of a riding crop striking my ass, my skirt lifted up by a vine. The drugs make it hard to speak, but they elevate every light touch into a searing fountain of pleasure on my skin. It's hard to bear the pleasure, much less the pain. Every light strike feels like my body’s being ripped in to pieces, like a flaming hot whip being struck across my backside. I whimper, take a moment to gather my thoughts, and manage to stumble out some speech.
“O-o-one Mistress! I'm s-sorry Mistress!!!”
“Look at that, so obedient… Just how I like you. You didn't even need me to tell you, and you spoke your apology perfectly. Such a smart little puppy!”
The praise makes me nauseatingly happy, like I'll pass out from the sheer pride and joy I feel in my chest. Another strike crashes into me like a school bus.
“AHh- Two, Mistress! I'm s-so sorry Mistress!!”
“Good girl. Three more to go, my sweet flower.”
I bite down on my lip, but before I can fully sink my teeth down she worms a vine into my mouth, wrapping it around the back of my head like a gag. Because of this, I don't try to count the next intoxicating strike. This is a mistake.
After she hits me, she waits. Then, she hits me again. A whimper falls out of me, but the gag muffles it. She hits me again. I'm almost crying now. She leans down, inches, millimeters away from my face, and whispers into my ear.
“You'll have to do better than that, sugarplum. Count. We're still on number three, if you've lost track.”
I look up at her, tears brimming in my eyes, and nod desperately. There's some thing inside of me, some deep, buried fear of being bad, of being abandoned. I can't disobey. I cannot.
As another strike lands across my ass, now reddening and bruising, I try my best to scream through the vines that gag and bind me. The result is completely incoherent, but she seems to understand what I'm saying.
“Much better. Two left, puppy.”
I nod and close my eyes tight, ready to receive the same searing, agonizing pain. I'm not disappointed, feeling another sharp crack against my tender skin. I scream out my answer again, still hopelessly muffled. I thank the heavens and the stars that she's not testing coherence, just obedience.
“That’s four. One more to go, little one.”
The last whip is enough to send me over the edge, desperately crying and begging for mercy through the vines. She leans down, staring at my ruined form with unabashed glee as I whimper and writhe against the bonds, pleading for a shred of mercy.
“Don’t worry, little puppy, we're all done. You were such a good girl for your Mistress, weren't you- Oh look at that, you're so broken you think you have to keep begging! That doesn't mean stop, mutt. Beg for mercy~”
Finay the gag is removed from my face, and the blubbering words that fall out are a clear indication of how far I've gone.
“P-Please Mistress!!! W-won’t do it again, I'll be a good girl I promise!! I p-promise- Pleasepleaseplease-- I- I- I'm nothing- Just a dumb little mutt who gets confused but I'll be good for you- P-please--- N-nothing at the feet of my g-Goddess”
That final word causes her glowing eyes to dilate and her vines to wrap further around my body, her form stretching out and standing tall, her shoulder blades unfurling like great, massive wings, blocking the light from the ceiling, picking my body up like a limp ragdoll.
“Say that last part one. More. Time?”
I nod and stumble over the words.
“N-Nothing!! Nothing at the f-f-feet of my G-Goddess!!”
I see a shiver run through her body- A hunger I don't recognize spreads through every inch of her, and she looks back at me like a predator. Her words fall out as a growl, a deep, inhuman sound rumbling not from her mouth but from down, in the dark crevice of her chest, like her core is speaking straight to me.
“Good fucking girl.”
The vines around my body lay me down on the bed, not even bothering to flip me on my stomach. My heart is beating out of my chest, every nerve ending and vein in my body straining with an overload of input. I feel like my body is drowning in flames of pleasure as she rips off what little clothing I'm wearing. We've been together for months, we've had sex a few times but this… this isn't that. This is something different, something Terrans don't understand.
I think about protesting, about telling her no. I would, just to show I'm not yet hers, but… God it feels so good, it feels so so good and I don't want it to stop- I've already handed her my dignity, I see no point in protecting my freedom now. She speaks to me again, that same deep, terrifying roar.
“I am going to make you mine and you are going to stay that way.”
I whimper something strange and unlike myself, but as soon as I think to question it, I feel a dozen needles entering my stomach.
I was really just writing this so @transbianmuffin and @scribbled-dream could see it first! Gonna post it on ao3 soon but im not a huge fan of ALL the moots seeing my depraved hornyposting
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itfruits · 6 days ago
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Embracing Digital Transformation in 2025: How IT Fruits Technologies Helps Your Business Stay Ahead
Introduction In today’s rapidly evolving digital landscape, staying ahead means embracing the latest technologies and adapting to new trends. At IT Fruits Technologies, we believe digital transformation is not just a buzzword — it’s the key to unlocking growth, efficiency, and innovation for businesses of all sizes.
Why Digital Transformation Matters in 2025
The year 2025 has brought unprecedented advancements in technology. From smarter mobile applications to immersive AR/VR experiences and interconnected IoT systems, businesses now have more tools than ever to streamline operations and enhance customer engagement. Companies that invest in digital transformation are seeing increased productivity, improved customer satisfaction, and a stronger competitive edge.
Our Core Services: Empowering Your Business
1. Mobile App Development We build custom iOS, Android, and cross-platform apps that deliver seamless user experiences and drive business results.
2. Web Development Our team creates responsive, secure, and scalable websites and web applications tailored to your unique needs.
3. E-commerce Solutions We design robust online stores with smooth checkout experiences, helping you expand your reach and boost sales.
4. IoT (Internet of Things) Development Connect your devices and automate processes with our smart IoT solutions, enabling real-time data and smarter decisions.
5. AR/VR Development Engage your customers and train your teams with cutting-edge augmented and virtual reality applications.
6. Unity Game Development From casual games to complex simulations, our Unity experts bring your gaming ideas to life.
7. Startup & MVP Development Have a new idea? We help startups validate, build, and launch minimum viable products quickly and cost-effectively.
Why Choose IT Fruits Technologies?
Expert Team: Experienced professionals passionate about technology and innovation.
Client-Centric Approach: We listen, understand, and deliver solutions that fit your business goals.
End-to-End Support: From ideation to launch and beyond, we’re with you at every step.
Proven Results: Our clients see measurable improvements in efficiency, engagement, and ROI.
Ready to Transform Your Business?
Digital transformation is a journey, and IT Fruits Technologies is your trusted partner. Whether you’re a startup or an established enterprise, we have the expertise to help you thrive in 2025 and beyond.
Contact us today to discuss your project or schedule a free consultation!
**#DigitalTransformation #ITFruits #AppDevelopment #WebDevelopment #IoT #ARVR #GameDevelopmentStartupSuccess
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kapittx · 7 months ago
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Best Practices for Efficient Cash Application: Leveraging AI for Superior Results
Efficient cash application management is a critical process for any business, as it directly impacts financial health, operational productivity, and customer relationships. An effective cash application process, also known as payment processing, ensures accurate allocation of incoming payments, quick reconciliation, and minimal errors. However, traditional methods often lead to inefficiencies, disputes, and even severe cash flow problems. With advancements in technology, AI-powered cash application processes and cash application automation software have transformed how businesses manage payment reconciliation, enabling faster, more accurate outcomes.
What is the Cash Application Process?
The cash application process involves applying incoming payments to the corresponding invoices in the accounts receivable system. Payments can take various forms, including checks, electronic transfers, credit cards, or cash. The primary goals are:
To deposit received funds promptly into the company’s bank account.
To accurately match payments to the corresponding invoices or accounts.
This process is vital for maintaining accurate records, reducing receivables clutter, and ensuring seamless customer interactions. However, mismanagement can cause delays, disputes, and inefficiencies.
The Importance of an Efficient Cash Application Process
Cash application is a critical component of accounts receivable management, directly impacting a company’s cash flow, customer relationships, and overall financial health. An efficient cash application process not only minimizes unapplied payments and reduces errors but also streamlines operations, ensuring smooth financial workflows. Conversely, inefficiency in this process can lead to several significant issues.
Benefits of an Efficient Cash Application Process
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1. Minimized Unapplied Payments: An efficient cash application process ensures that incoming payments are promptly and accurately matched with the corresponding invoices. This minimizes unapplied payments, where funds are received but not allocated to specific customer accounts, leading to a clearer financial picture.
2. Reduced Errors: Automation and systematic approaches in cash application significantly reduce the likelihood of errors. By minimizing human intervention, businesses can ensure that payments are applied correctly, reducing the risk of misallocations and financial discrepancies.
3. Streamlined Operations: With an efficient process in place, businesses can streamline their financial operations. This includes faster processing times, improved accuracy, and better coordination between departments, all of which contribute to smoother overall workflows.
4. Improved Cash Flow: Timely and accurate application of cash payments directly impacts a company’s cash flow. Efficient cash application ensures that funds are available for use more quickly, enhancing operational liquidity and financial stability.
5. Enhanced Customer Relationships: Accurate and timely cash application fosters trust and reliability in customer relationships. Customers appreciate prompt acknowledgment of their payments, which reflects positively on the business and strengthens customer loyalty.
Improved Accuracy
AI technologies significantly reduce human errors by automatically matching payments to the correct accounts based on remittance data. Traditional, manual processes are prone to mistakes due to human oversight, such as entering wrong amounts, misplacing payments, or failing to match payments to the right invoices. AI-powered systems, on the other hand, use machine learning and pattern recognition to ensure that every payment is accurately allocated. This precision helps in maintaining accurate financial records and avoids the costly mistakes that manual processes often incur.
Faster Processing Times
One of the most substantial benefits of AI-powered cash application is the ability to handle large volumes of payments swiftly. Automated systems process payments faster than human capabilities, significantly reducing the time it takes to reconcile accounts. This speed ensures minimal backlogs and enables the AR team to focus on more strategic tasks. For businesses handling thousands of transactions daily, the improvement in processing time can be a game-changer, leading to enhanced operational efficiency and productivity.
Enhanced Cash Flow Management
By speeding up the payment processing, AI-powered systems contribute to better cash flow management. Quick and accurate reconciliation means that businesses have a clearer and more immediate picture of their financial standing. This timely insight is crucial for maintaining liquidity, which allows companies to meet their short-term obligations, invest in growth opportunities, and reduce the need for short-term borrowing. Enhanced cash flow management also helps in better financial planning and forecasting, providing a solid foundation for strategic decision-making.
Customer Satisfaction
Accurate and timely postings are essential for maintaining good customer relationships. AI-powered cash application systems reduce the likelihood of misapplied payments and discrepancies, which are common sources of customer disputes. When customers see that their payments are processed correctly and their accounts reflect accurate information, it builds trust and confidence in the business. Satisfied customers are more likely to remain loyal and continue their business relationships, which is beneficial for long-term profitability and growth.
Best Practices for Cash Application Process and Payment Processing
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1. Implement Auto-Cash Technology
AI Powered Cash Application software or Auto-cash systems like Kapittx  use advanced algorithms to automatically match payments to invoices. This technology offers several benefits:
Increased Accuracy: By reducing human error, auto-cash systems ensure that payments are accurately allocated to the correct invoices.
Reduced Manual Effort: Automation minimizes the need for manual data entry and reconciliation, allowing your AR team to focus on more strategic tasks.
Improved Auto-Cash Hit Rates: With higher matching percentages, auto-cash technology ensures that a larger proportion of payments are accurately applied without manual intervention.
To implement auto-cash technology effectively:
Choose a robust auto-cash system that integrates seamlessly with your existing AR software.
Regularly update and maintain your customer payment data to ensure the system has accurate information.
Train your AR team to understand the system’s functionalities and handle exceptions efficiently.
2. Follow Customer Instructions
Compliance with customer remittance advice is crucial for accurate payment application. Remittance advice provides detailed information about which invoices a payment is intended to cover, ensuring correct allocation.
To follow customer instructions effectively:
Automate Remittance Processing: Use software that can automatically capture and process remittance advice from various formats, such as email, paper, or electronic data interchange (EDI).
Double-Check Allocations: Implement checks and balances to verify that payments are applied according to customer instructions before finalizing transactions.
Communicate Clearly: Maintain open communication with customers to clarify any ambiguities in their remittance advice.
3. Handle Discrepancies Promptly
Prompt handling of payment discrepancies is essential to avoid backlogs and ensure smooth cash flow. Here’s how to manage discrepancies effectively:
Write Off Small Discrepancies: Establish thresholds for writing off minor discrepancies to streamline the reconciliation process. This allows your team to focus on resolving significant issues.
Prioritize Significant Issues: Develop a systematic approach for identifying and resolving larger discrepancies. This includes investigating the root cause and taking corrective actions.
Regular Audits: Conduct regular audits to identify recurring discrepancies and implement measures to prevent them in the future.
4. Leverage Imaging Tools
Digital imaging tools can expedite the resolution of payment discrepancies and improve accessibility. By digitizing payment and remittance documents, businesses can enhance their cash application process.
Speed Up Resolution: Digital images of payments and remittances allow for faster identification and resolution of discrepancies, as they can be quickly accessed and reviewed.
Improve Accessibility: Store digital images in a centralized system that can be accessed by authorized personnel, facilitating better collaboration and transparency.
Automate Data Extraction: Use optical character recognition (OCR) technology to automatically extract data from digital images, reducing manual data entry and errors.
5. Invest in Training and Specialization
Equipping your AR team with the necessary skills and knowledge is crucial for handling unapplied and unidentified cash effectively.
Regular Training: Provide ongoing training programs to keep your team updated on the latest tools, technologies, and best practices in cash application.
Specialized Roles: Assign specialized roles within your AR team to handle specific aspects of the cash application process, such as resolving discrepancies or managing customer communications.
Knowledge Sharing: Foster a culture of knowledge sharing and continuous improvement within your team to leverage collective expertise and experience.
6. Monitor Key Metrics
Tracking key metrics allows businesses to continuously improve their cash application process. Important metrics to monitor include:
Payment Volume: Keep track of the number and value of payments processed to understand workload and performance trends.
Unapplied Cash Value: Measure the value of payments that remain unapplied to identify inefficiencies and areas for improvement.
Auto-Cash Hit Rates: Monitor the percentage of payments automatically matched to invoices to assess the effectiveness of your auto-cash system.
Days Sales Outstanding (DSO): Track DSO to gauge how quickly your business is collecting payments and identify opportunities to accelerate cash flow.
To monitor these metrics effectively:
Implement Dashboards: Use real-time dashboards to visualize key metrics and track performance against predefined targets.
Regular Reviews: Conduct regular reviews of your cash application metrics to identify trends, challenges, and opportunities for improvement.
Benchmarking: Compare your performance with industry benchmarks to understand how your cash application process measures up and identify best practices.
The Role of Cash Application Automation Software
Modern cash application automation software enhances efficiency by incorporating AI and machine learning capabilities. These systems:
Automate repetitive tasks like matching payments to invoices.
Analyze patterns to improve accuracy and hit rates over time.
By integrating with ERP they significantly improve payment reconciliation productivity.
Case Studies examples : How Automation Transformed Cash Application
Case 1: Manufacturing Industry
An equipment manufacturer faced significant challenges with unapplied cash exceeding $2 million. By implementing AI-powered cash application processes, the company achieved:
Increased operational efficiency, saving thousands in labor costs.
Reduction of unapplied cash from $2 million to $400,000 in six months.
An auto-cash hit rate improvement from 65% to 90%.
Case 2: Medical Equipment Company
A medical devices firm struggled with misapplied payments leading to cash flow disruptions. After adopting cash application automation software:
Cash flow improved, enabling reinvestment in revenue growth.
Open credit memos reduced from 1,200 to 300 within a year.
Customer disputes dropped by 75%, enhancing satisfaction.
Benefits of AI Powered Cash Application Software or Payment Reconciliation Software
AI Powered Cash Application Software or Payment reconciliation software plays a crucial role in automating and streamlining cash application management. Key advantages include:
Reduced Errors: Automated matching eliminates human error.
Real-Time Insights: Provides a clear view of receivables for better decision-making.
Scalability: Supports businesses as they grow, handling higher payment volumes effortlessly.
Step-by-Step Guide to an Efficient Cash Application Process
Collect Payments: Deposit incoming funds promptly to optimize cash flow.
Match Payments: Use remittance advice and auto-cash tools for accurate allocation.
Reconcile Accounts: Regularly check for unapplied or misapplied payments and address them.
Resolve Discrepancies: Communicate with customers to clarify unclear remittance advice.
Analyze and Optimize: Continuously improve processes by tracking metrics and refining automation algorithms.
Learn More:
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Conclusion
An efficient cash application process is essential for maintaining healthy cash flow, improving customer satisfaction, and optimizing operational efficiency. By leveraging AI-powered cash application processes, businesses can overcome common challenges, reduce errors, and achieve seamless payment reconciliation. Investing in modern cash application automation software and payment reconciliation software is no longer optional—it’s a necessity in today’s competitive landscape.
Start transforming your cash application management today with Kapittx by integrating advanced technology and best practices to unlock unparalleled efficiency and accuracy.
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conclave-030 · 6 months ago
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The Next Wave: Business AI, Privacy, and Navigation Industry Evolution
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As technology continues to advance, the interplay between artificial intelligence (AI), privacy, and the navigation industry is reshaping the business landscape. Here's a glimpse into how these elements are driving transformation:
1. AI's Expanding Role in Business
AI is revolutionizing industries with its ability to analyze vast datasets, predict trends, and automate processes. In navigation, AI enables real-time traffic updates, predictive routing, and autonomous vehicle advancements. Businesses leveraging AI gain a competitive edge by offering smarter, more efficient solutions.
2. Privacy Challenges and Innovations
With AI's reliance on data, privacy concerns are escalating. Regulations like GDPR and CCPA are setting stricter standards for data usage, urging companies to prioritize transparency and ethical practices. Balancing personalized services with data protection is becoming a critical challenge for businesses.
3. Navigation Industry Transformation
The navigation industry is evolving with AI-driven innovations, such as augmented reality (AR) mapping, enhanced geolocation services, and integration with IoT devices. These advancements not only improve user experiences but also open new avenues for businesses to deliver value in logistics, travel, and urban planning.
Conclusion
The convergence of AI, privacy considerations, and navigation technology signals a future filled with opportunities and challenges. Businesses that embrace AI while respecting privacy and adapting to industry changes will be well-positioned to thrive in this evolving landscape.
To know more: Survey Programming & Hosting Company
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arbitrarygreay · 1 year ago
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Audacity for Debian-based Linux
So, some time around 2020/2021, Audacity for Linux from the repositories of Debian-based distros (including Ubuntu, Mint, etc.) no longer had access to high quality stretch (change tempo, change pitch, shifting slider). This appears to be due to a combination of Debian no longer updating Audacity at all past 2.4.2 (as Audacity's new owners from 3.0.0 on have had...issues, to put it lightly), but also the fact that 2.4.2 specifically was requiring a version of the SBSMS library past what Debian had. It's still the case that the apt version of Audacity on Linux Mint still lacks the high quality stretch functions.
The workaround for this is to compile from source. HOWEVER. Be apprised that if you specifically go for version 2.4.2, there is still a bug around SBSMS, which causes Audacity to crash when attempting high quality stretching. Apparently, if you go for versions afterwards (3.0+, new Audacity owners), or the version before (2.3.3), you will not run into this issue.
I am stubborn, so I have verified that I can now open Audacity 2.4.2 and do a high quality pitch change without crashing. Here are the solution options. Know that both are still compiling from source.
Option 1: Do it manually command by command on the terminal
You will, however, notice that the important download link for the patch is broken. You must get it from here.
Note that you should preface all of the commands listed in that post with "sudo", or they will likely throw an error. (Or do whatever you need to for terminal to continuously recognize root access.) In addition, note that the "pre-installation test" section is not optional. Audacity will not run if the "Portable Settings" folder is not created, and furthermore, the "Portable Settings" folder and all containing files need to have write permissions enabled to the relevant non-root group/owner.
Whether you installed manually or used the script, you will need to go to "/usr/local/share/audacity/audacity-minsrc-2.4.2/build/bin/Release" to launch Audacity. In the file explorer window, you can click the button to the left of the magnifying glass to switch to text input where you can copy and paste the above path. Or, from /home, go up one level, and then navigate through manually.
Change the launcher's icon and add it to the start menu/desktop, per your specific distro and desktop environment.
Option 2: Modify and run a bash script
I found a helpful Youtube video stepping through the process, before they link to a bash script automating the whole thing. However, the script does not include the 2.4.2 patch. There are also a few modifications that need to be done to the script.
Modifications to make (right click the .sh file, open with, pick some text editor):
Line 35: change the dl_directory to match your own system. (Specifically, you probably need to replace "piuser" with your own account name.)
This change also needs be done on lines 115, 116, and 120 (or replace the hard coded parts with "${DL_DIRECTORY}").
Line 77 (optional): add "patch" as a dependent package to check. Like Python, it's mostly likely already installed, so you could leave this commented out.
Lines 139-142: Not a modification, but a note that I didn't end up using this (left it commented out), so I did have to download the 2.4.2 source code from fosshub manually and put it in the location specified by dl_directory. I also put the patch there. If you do want to try to automate the download, you'll not only have to add another line to also download the patch file, but both the source code for 2.4.2 and the patch have hyphens in their urls, so you need to either add backslashes to escape them, or enclose the entire url in quotation marks. But I also can't guarantee that either of those things will work, since I ended up doing the downloads manually.
Line 150: Per the manual installation above, the patch needs to be applied before the build. Add this code block at line 150 (after the script checks to see if the "Build" folder exists):
#SBSMS patch required for 2.4.2 if [ -f "${DL_DIRECTORY}/changepitch.patch" ]; then sudo cp "${DL_DIRECTORY}/changepitch.patch" "${DIRECTORY}/${VERSION}" fi sudo patch -p 1 < changepitch.patch
That's it for changing the script. Save it, close out of the text editor. (If you decided not to try letting the script do the downloads, then make sure you download the source code and the patch and put them in the dl_directory location at this point.)
Enable the script to be executable. (Right click the .sh file, Properties. On the Permissions tab, check that "Allow executing file as a program" is checked.)
Double click the .sh file. I suggest doing the "Run In Terminal" option so you can see the progress. (And if it's really short, probably something went wrong. The build section takes 20 minutes.)
This script does not include installing the offline manual for Audacity. That is covered in the guide posted in Option 1. Sorry, you'll have to do some terminal typing after all.
Whether you installed manually or used the script, you will need to go to "/usr/local/share/audacity/audacity-minsrc-2.4.2/build/bin/Release" to launch Audacity. In the file explorer window, you can click the button to the left of the magnifying glass to switch to text input where you can copy and paste the above path. Or, from /home, go up one level, and then navigate through manually.
Change the launcher's icon and add it to the start menu/desktop, per your specific distro and desktop environment.
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vivek2184 · 8 months ago
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IT companies in Coimbatore :Hiring freshers role and benefit
Coimbatore has emerged as a preferred location for IT professionals due to its affordable cost of living, high-quality educational institutions, and the city’s well-developed infrastructure. Unlike metropolitan cities, IT companies in Coimbatore offers a balanced lifestyle with a lower cost of living, which appeals to many working professionals. With a pool of skilled talent graduating from nearby engineering and technical institutions, Coimbatore is an ideal place for IT companies to find qualified candidates for various roles, making it a hot spot for job seekers.
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Who Are the Leading IT Companies in Coimbatore?
The city hosts several top IT companies, including Tata Consultancy Services (TCS), Cognizant, Wipro, and Robert Bosch, along with growing regional players like KGISL and Aspire Systems. These companies offer a variety of services from software development to business consulting and automation solutions. Working with such companies not only provides a chance to learn and grow but also adds credibility to one's career profile. Their well-established infrastructure and focus on training employees make them attractive employers in the region.
Best IT Companies in Coimbatore :
Coimbatore, one of Tamil Nadu's major industrial hubs, has seen significant growth in the IT sector. Known for its skilled workforce, affordable infrastructure, and a supportive business ecosystem, the city hosts many IT companies that offer a wide range of services from software development to digital transformation.
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 Here’s a look at some of the best IT company in Coimbatore :
Accenture :
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Global consulting and technology services company providing full-fledged IT and business process services.
ThoughtWorks:
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Leaders in software consultancy to get custom software developed through agile methodology and digital transformation
Payoda Technologies :
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focuses primarily on aspects of digital transformation, analytics, cloud solution development and software development.
Sridhar Vembu Institute of Technology (Zoho Corp) :
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It is based in Chennai; however, the innovation and research wing of Zoho is based in Coimbatore, where it works on software product development.
Softratech Info :
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The company provides IT solutions, consultancy, software development, and support services.
Repute Network :
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A technology-based company, focusing on digital payments, financial technologies, and blockchain solutions
Mindnotix Technologies :
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A technology firm, developing web and mobile applications as well as AR/VR-based applications, and AI-driven applications.
Kumaraguru College of Technology :
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Technology Business Incubator (KCT-TBI) - Incubates start-ups and tech innovation in IoT, AI, robotics, and software solutions.
Revature India :
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Trains and develops software services and products, focusing on creating technical talent for the global market.
i2i Software Solutions :
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Offers end-to-end software solutions and IT services, with a focus on custom development.
eQuadriga Software Pvt Ltd :
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is an IT services company focusing on software development, mobile apps, and digital marketing.
Conclusion :
Coimbatore’s IT sector is full of opportunities for freshers, thanks to a supportive ecosystem of companies and a growing tech community. From MNCs like Cognizant and Bosch to dynamic startups, IT companies in Coimbatore provides ample options for fresh graduates eager to kickstart their careers. With a focus on learning, networking, and skill development, freshers can build a promising career in this thriving city.
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elsa16744 · 1 year ago
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The Business Case for Sustainability: Balancing Profitability and Environmental Responsibility 
Investors have embraced responsible portfolio management strategies to encourage sustainable enterprises and support socio-economic development. Meanwhile, customers refuse to buy from a brand that fails to curb labor malpractices, pollution, waste generation, and petroleum consumption. This post will describe the business case for sustainability to increase awareness about these trends. 
What is Sustainable Business Development? 
A company engages in sustainable business development when it revises its operations, product design, and resource allocation to contribute to social and environmental problem resolution. It is not about pretending to be eco-friendly or slowing industrial progress. Instead, sustainability for business ensures companies can thrive without harming social harmony and Earth’s resources. 
Today, business leaders leverage sustainability consulting services to navigate modern regulations demanding more responsible corporate approaches. Besides, several pressing matters range from safekeeping consumer data to making workplaces more inclusive. 
At the same time, multiple compliance guidelines have overwhelmed managers. So, it is imperative to embrace a tech-led strategy. It will help increase your firm’s compliance across all the major frameworks, like the ones described below. 
Environmental, social, and governance (ESG) reporting, 
Task force on climate-related financial disclosures (TCFD), 
Global Reporting Initiative (GRI), 
And the EU taxonomy. 
How Can a Business Balance Profitability, Ethics, and Sustainability? 
The older the organization, the more challenges you must overcome to go green. An excellent method is multistakeholder brainstorming. Let customers, suppliers, employees, business associates, and investors chime in and provide improvement ideas. 
Another indirect approach involves extensive data gathering, insight extraction, and reporting. Using automated computing systems, companies can monitor the policy dynamics in the target markets and improve specific operations in realistic stages. 
They do not need to transform all practices and risk productivity loss. Since they will utilize data from authoritative sources, their decisions will also have a sound foundation. Available technologies can involve ESG data solutions tailored for private companies, financial materiality estimates, controversy analytics, and risk forecasting tools. 
Finally, leaders, board directors, and the rest must periodically evaluate their business sustainability initiatives. If they notice some strategies becoming obsolete, they must devise appropriate action plans to rectify such issues. 
Advantages of Business Sustainability 
1| Efficient Resource Consumption 
Pollution and carbon risk mitigation require brands to replace conventional energy systems with greener alternatives. This renewable energy transition allows companies to rationalize how they allocate resources to operations. Moreover, they can reduce dependence on public infrastructure for power and water using modern technologies. 
Treating and reusing water might not be suitable for all enterprises. However, the scope of these practices encompasses offices, factories, and post-sales product maintenance. In other words, you want to consider the entire product lifecycle to increase your ESG ratings and positive impact potential. 
Integrating green technology to fulfill the efficient resource consumption requirements makes you more competitive and attracts more investors. Therefore, business profitability increases thanks to sustainability accounting compliance. 
2| Resilient Supply Chains 
Socio-economic and ecological threats limit your enterprise’s growth potential. They endanger the well-being of consumers and supply partners. Consider how environmental problems, political chaos, or social issues hinder free transportation, making timely product delivery more arduous. 
However, brands can voluntarily work toward building a peaceful, green, tolerant, and resilient community. They must collaborate with employees, educators, policymakers, and local stakeholders. After all, most corporate social responsibility (CSR) projects aimed at literacy increase, women empowerment, and cyber safety awareness create opportunities to create a more stable world. 
Aside from social disharmony threats, your supply chain is often vulnerable to fraud, region-specific quality norm inconsistencies, and controversies. You cannot eliminate these risks, but you can reduce the harm they might cause using predictive analysis and contingency plans. Many sustainability frameworks address these aspects in their reporting guidelines. 
3| Long-Term Stakeholder Relationships 
Responsible consumption and a solid supply chain increase an organization’s reputation. Socially conscious customers prefer companies that realize the cost of human-caused industrial activities. Therefore, they want leaders to embrace business sustainability, transparent communication, and ethical human resource practices. 
Simultaneously, social networking sites (SNS) have empowered individuals to voice their disappointment with brands that fail to improve compliance. So, customers will likely stop purchasing from you if you lag behind competitors in sustainable business development. 
Conversely, corporations with adequate CSR programs get loyal customers, free press, positive value association, and investor goodwill. They become leaders in establishing new industry norms while others struggle to understand sustainability accounting principles. 
Precaution: Greenwashing is Not a Business Case for Sustainability 
Consider the following: 
What can anyone do if companies manipulate their financial and carbon disclosures? 
Will investors, regulators, and customers trust other brands who also report on sustainability or ESG performance metrics? 
What types of green claims can an organization include in its marketing campaigns? 
How do we verify that a brand’s reported CSR outcomes are genuine and tangible? 
Can ESG disclosures backfire and expose your company to controversies and misinformation attacks?  
These are legitimate fears expressed by many because of the greenwashing cases. The perpetrators use deceptive verbal and design tactics to boast about on-paper CSR achievements with no on-ground impact. Some claimed they use 100% renewable energy by cunningly omitting crucial reporting elements. Others had suppliers employing child labor in life-threatening working conditions. 
Greenwashing hurts stakeholder trust in ESG, TCFD, and GRI documentation. When one company receives greenwashing allegations, others in the same industry also attract criticism. Sooner or later, the media picks up the story, and the hard-earned brand reputation evaporates into infinity. 
Avoid greenwashing and disassociate with partners, municipalities, and suppliers doing it. 
Conclusion 
Leaders who recognize the significance of sustainable business development are visionaries. They know their business can thrive if the consumers, employees, investors, and regulators are happy with their work. So, the world has witnessed a rekindled interest in ethics-driven corporate attitudes and investment strategies. 
Reducing byproduct generation, enforcing anti-harassment policies, and adopting practical data governance standards make brands more sustainable. Their supply chain resilience increases while more stakeholders trust them. 
Nevertheless, greenwashing risks prevent organizations and investors from unlocking the full potential business sustainability use cases. Therefore, all the stakeholders must be honest with compliance reporting. It is okay if your ESG ratings are low because you can implement initiatives and work with experts to improve them. 
In the end, only transparency matters. Without it, sustainability reporting will become a worthless formality. However, with the proper oversight, the opposite will happen, and your organization will surpass all competitors while solving social and environmental problems.
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jaaduse · 1 year ago
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