Vendor Risk Management

Vendor risk management is now a very important concept that needs meticulous planning. It is a necessity and also a policy that many companies are following for greater efficiency and profit.
There are many Third party vendors or direct company vendors are present in many industries including software, hardware etc. Today it is an integral part of business to manage information and knowledge, as it is the most important asset of an organization. Information security, legal documentation, trademarks, patents, copyright are some traditional and newly evolved concepts. Starting from design to concept today all can be patented or protected by legal documentation.
Today companies assess the brand value, customer information, internal customer satisfaction report, past and present client information before handing over non public information to vendors, like credit card details, bank information, even address phone numbers in mailing and calling lists, (PCI DSS Requirement 12.8 similarly requires covered entities to maintain a list of service providers with whom card holder data is shared.) To back up the institution’s vendor risk assessments in conversations with regulators and auditors, it is also helpful to keep handy files containing due diligence and audit reports on the vendors or summaries of such reports.

Vendor risk management is the process organizations analyze not only from the point of view of past experience but also in case to case basis that can be particular to the partnership. This is particularly important for companies that relates to data sharing and the outsourcing of business functions and processing. Vendor risk management is a standard practice today and has matured to an extent where some leading financial industry groups such as BITS have standardized the process significantly through their Standard Information Gathering (SIG) and Agreed upon Procedures (AUP) standards. The use of these standards or their derivatives helps organizations quantify the risk that may be involved with their vendors and then incorporate appropriate risk lessening techniques and measures to alleviate the risk.
Vendor risk management process helps organizations to operate in a mutually secured environment that encircles security of organizations information, customer data and also third party vendor’s operational security. It does not eliminate but certainly minimize security concerns involved in third party production of good and services, processing of information and handling data and process. This also enables the third party vendors to draw border line for their employees on basis of certain legal or agreed points within which they have to deliver and work. So it is mutually benefiting the principle organization and the vendor creating a secured platform of operation where both can deliver excellent product or service to their customers or interest groups.

Waste Water Management

No matter who we are, where we are, and what we do, we are all dependent on water. We need it every day, in so many ways. We need it to stay healthy, we need it for growing food, for transportation, irrigation and industry. We need it for animals and plants, for changing colours and seasons. However, despite the importance of water resources in our lives and well-being, we are increasingly disrespectful of them. We abuse them. We waste them. We pollute them, forgetting how essential they are to our very survival.

According to the United Nations Development Program, more than 1 billion people, or about one in six worldwide, do not have safe drinking water and more than 2 billion lack access to adequate sanitation.

If current water usage trends continue, by the year 2025 two-thirds of the world’s population won’t have enough clean water.

The World Water Day, marked on 22 March, underscores the need for a global effort to support the widespread adoption of water reuse practices, which can be a key step toward quickly and effectively reversing the global threat of clean water scarcity.

Industrial companies located in urban areas are one of the greatest causes of water pollution. They also are large consumers of drinking water, as it is used in their processes. Because these companies use such a quantity of water, they turned to tapping of groundwater. This, in turn, contributes to the lowering level of groundwater. Although knowing that this is not a sustainable way, companies nowadays have enough money to buy water from private suppliers once their wells to groundwater have gone dry.

In the industry, water scarcity is growing. This, coupled with the rising costs of water for
industrial use, supports the recycling market in India. Industry has been motivated to adopt zero discharge technology. Although this transition is currently limited to large en medium sized companies, it is a definite indicator of the type of business opportunities that are to emerge in the short/medium term.

The ever increasing water scarcity and deterioration of water quality needed for specialised applications, along with stringent discharge norms have been the defining reasons for additional thrust in the water and wastewater segment. Thermax is well positioned to leverage on the available opportunities in the public sector water and waste solutions space.

Thermax was the first in India to:
•Develop new biological processes for waste water treatment
•Recycle Industrial Waste Water through membrane process
•Build Sea Water RO Plant on a large scale
•Recover metal salts and purify acids from waste water
•Treat Bio-Medical Waste and recover heat

Having served the water and wastewater market for over three decades, Thermax has all the prerequisites to provide sustainable solutions to select municipal corporations. Thermax today is well equipped with a range of technology solutions for sewage treatment, water recycle, sea water desalination, and waste to energy applications.

In July 2009, Thermax Limited signed technology agreements with two global leaders, viz., GE Water, USA and Wehrle Umwelt GmbH, Germany for advanced wastewater treatment.

Under the first agreement, GE’s ultrafiltration and membrane bioreactor (MBR) technology will be utilised by Thermax for wastewater treatment, reuse and process water in India’s commercial and institutional sectors. It is estimated that the need for advanced wastewater treatment for India’s commercial and institutional sectors is expanding more than 50% per year. This demand is driven by new regulations related to recycling of wastewater. As this technology application is in its infancy, there is also a huge potential for the use of MBR in treating municipal wastewater for recycling, reuse and discharge.

The second agreement provides for the distribution of GE’s reverse osmosis (RO) membranes to customers in India for water and wastewater treatment applications. Industries are now adoption membrane-based solutions for water treatment. With its strong regional reach, Thermax will expand the film composite, spiral-wound RO element manufacturing facility at Hoskote, Bangalore to support India’s growing requirements.

Thermax Limited and Wehrle Umwelt GmbH, Germany, have signed a technology agreement for treatment of hard-to-treat industrial effluents, which are “highly loaded” in terms of biological and chemical oxygen demand (BOD and COD) in water bodies.

The technology tie up will address pharmaceutical and bulk drug manufacturers, dyes and pigments, chemical, pulp and paper, and distilleries. Increasing shortage of water and rising pollution in water bodies have made treatment and recycle of effluent a viable option for industries. The agreement will provide them advanced membrane based waste water treatment technologies to treat the effluent, before being discharge or reused.

Clean water is an essential ingredient to economic growth and development – and investing in water and sanitation has high economic and social returns.

There is an urgent need to step up research, monitoring and assessing of water quality at global, regional and local levels. Scientific findings from research should inform sound policy formation and implementation. Furthermore sufficiently funded and manned regulatory functions are required to ensure compliance with and enforcement of rules and regulations.

Water quality impacts every one of us, and our lifestyles impact the quality of our water.

Real Estate Project Management Software

Impact of Budget on Real Estate

Union Budget 2017 is expected to bring numerous changes this year, whether, it’s a job industry, manufacturing industry or education, enormous plans have been introduced for the betterment of the country. A complete focus is given to the economy of the country. As far as the Real estate sector is the concern the government has introduced lots of benefits to the industry. This year people are looking forward to observing the required development. The Union Budget has given a major boost to the middle-class consumers. The middle-class can get an affordable house in the city. The announcement was in favor of the infrastructure.The private housing companies have invested much amount of money for catering affordable housing. According to the Arun Jaitley, the allotment of the affordable housing would help people to get dream house by 2022. The development in the property sector would be beneficial for the middle-class and the lower middle-class people. The property sector contributes 15% of GDP. The growth in the housing sector would lead to overall development in the country if the people would get the house at economical rates this would help them to lead a better life. Union Budget has come up with the positive impact for boosting the growth in the real estate.

Real Estate Project Management Software

There are enormous housing companies in the market which offer house at the appropriate rates. In the real sector, there are many firms with variety of projects. Sometimes handling too many projects at the same time leads to confusion and rigidness in the work. These private companies deal with many eminent clients, they make sure that everybody should get the house at the time of possession. The developers, builders, and investors are forced to provide the loan at the higher rate of interest, maintaining which delays in the completion of the projects and problem to the end user. LeadNxt has come up with the ultimate soul maintaining the projects in the systematic format, the firm has introduced Real Estate Project management Software which would be beneficial for both customer and the concerned company. This software is user-friendly and it is the easiest way to track your project. Not only that it is easy to carry out the information regarding the owner property agreement, lease and service level agreement. it helps you to analyze the performance of the real estate.

RealERP offers Real Estate Project Management software , which provides beneficial resources for the organization more efficiently.

Rent Billing Management Software (1)

The Rent Billing Software is for the maintenance and management of the buildings,property and its tenants.

The rent billing Software has the property master where you can define your property
from where the rent has to be collected.

After defining the property , here comes the tenants master where you have to feed the tenants name
and the tenants allocation space in the property vis a vis its floor, area, class and number and the details and bifurcation of the rent i.e. Basic rent, municipal taxes, repairs and cess, common facilities,
security salary etc.

The rent billing software is automatic in the sense after feeding the whole tenants details regarding its basic rent, repairs in the tenants master the software removes the print bills itself without entering the data entry of the bills of that particular tenants in that specific month.

To print the bills for some specific period go to print Bills and there by specify Date of the bill and from which to which i.e. the duration period.the print bills will generate the records and it will get debited to the tenants ledger accounts and the bill will get print

After making the payment of the bill, go to the receipt button on the main menu to generate the receipt of the bill of that particular tenant.

Besides, rent billing there are other bills like water bills and other charges bills for which separate data entry has to be passed.

It has the accounts in build where u can data feed the receipts from your tenants in the receipt voucher and automatically your cash or bank account will get debited

The outstanding balance of the tenants are shown in their ledgers against there bills and receipts entries. The Rent Billing software is fully automatic the rest of the entries in making the rent bills are been picked up when one is creating the tenants masters so one has not to take any pains in entering the rent billing vouchers and this is readymade software. One can make this software as customized too to fulfill there own requirements and needs.

The rent management software or the property management software is user friendly and works on all the platforms it is a multi user software and there are the tools to create as many users in the software as well as financial periods and organizations too.

For More Plz refer our website as http://www.sahiwala.com/rentindex.html