Tags are another recent innovation from the Saasu labs team. Tags are simply one or more words that mean something to you. The shorter the better we find.

Tags are a uniquely Internet centric way of labelling and filing information in multiple ways and multiple places. Tags have been around for many years on sites such as digg and del.icio.us but we think we are the first to bring them to financial management.

Tags can be found in the tag cloud, just one click will mark something (e.g. a customer) with the tag. You can also just type the tag in, if the system doesn’t know about that tag yet it will add it for you automatically and start tracking usage for you. The tag cloud appears on most add/edit screens plus of course on lists as a filter option.

Tags may be applied to any information, such as -

• contacts (e.g. customer, supplier, prospect, partner)
• activities (e.g. Project X, unassigned, critical path,
• transactions (e.g. urgent, delayed, Project X, Portfolio Q)
• employees (e.g. Project X, Skill Y, Location C)
• inventory items (e.g. Hot Seller, Warehouse A)
• investment items (e.g. Defensive, Review Due, Location C)

The power of tags lies in a the way they can be combined in infinite ways, e.g. how much did we spend on urgent expenses for project x last month? Include this tag, exclude those tags. You can start to see how powerful they are.

Key Benefits are -

• Tags can go on anything (for now we have enabled ten of our most popular add/edit screens, more to come)
• You can track how many things have that tag on them (in the tag list on the bottom of the main menu)
• Tags are super flexible, they can be combined in an unlimited number of ways
• Tags cross over everything, e.g. for a project you can tag Customers, Suppliers, Resources (Staff), Activities, expenses, income and more)

Here are some guidelines on the ways we think you should use tags -

• Keep them short, one or two words are best. Too many tags means the tag cloud can clutter up your screen (it automatically adjusts to prevent this but hey then you have to go digging in ‘more tags’)
• Use them for the important stuff, the 20% of projects that make the most difference to you, too many tags means more clutter and you are not focussing on the big picture
• Just because they are easy to add doesn’t mean you should, focus on the big initiatives that are important to you
• Ask yourself, are tags the best way to track this? In some cases they are good for problems that don’t have more structured procedures or solutions yet. For example tags work well for job tracking but is that the best way for your business in the long term? What will your data look like after you have months of jobs in there? Perhaps just track open work?
• Use tags for living data, i.e. stuff that is ‘in play’ and active such as orders due to ship or projects/jobs currently being worked on. You can also use tags for lots of other things such as traditional reporting but that is not their main benefit.
• Stay ahead of tag use in your team, agreed tag naming standards and stick to them, if you have a meeting agreeing to start a new project, setup the tag immediately and flag it as ‘popular’ so it always appears on the tag cloud that ensures it gets used, similarly if you decide to phase something out make it ‘inactive’ so it no longer appears in the tag cloud for Saasu users in your team.

Tags are available in our new release due soon, so try the preview or read more about tags.

Here is a way you can Catch all those great ideas you have for your business. Saasu helps you apply a system to them, making sure the right ones get used in your business. It’s all too easy to inadvertently add complexity to your business.

Saasu Activities - An IDEAS Framework

In the new release of Saasu (see preview) we have Activities. Activities are all kinds of things; Meetings, Notes, Milestones etc. One Activity types is an Idea. We included this feature for our own use and because we felt other business probably have the same problems as we have in dealing with lots of ideas for improvement, change, new markets and the like.

This feature can help your organisation capture ideas from your employees and advisors who have access to your file. Once your management structure has reviewed the Idea convert it into another Activity type called a Procedure. Your could print or publish your procedures and you have your procedures manual. You can build up your set of business procedures organically over time rather than dedicating fixed resources. Create rigour in your business execution, create some control in the change process. Simply being a little more systematic and could save complexity being added to your business through Ideas which aren’t approved or tested before being actioned.

An Idea in Saasu could be a single sentence or an entire proposal. The key is that you all have access to it in a controlled environment. Someone owns the idea in Saasu and it can be added to todo lists. have date deadlines applied and more.

Saasu IDEAS framework

There are many ways you could use the tool we are providing but here’s one example where we have created.

An idea has a life-cycle just like sales, business models, markets and products -

1. IDEA - it starts as just that ‘an idea’, your thinking around opportunities, efficient process, intellectual property and the like.
2. DOCUMENT - get the idea down. A brief version or the detail as a brief, white papers, business plan or whatever you feel is appropriate for your documentation phase.
3. EVALUATE - all ideas need scrutiny, if you never put them up for scrutiny they don’t exist (except in your head). Allocate your Idea to a new Owner who will make the call or review it for discussion.
4. APPLY - all ideas that pass the tests of evaluation need to be applied to real life situations that they were thought up for. Convert the Activity type from an Idea to a Procedure in Saasu
5. SYSTEMATIC - Ideas can be re-worked moving back and fourth through the cycle.

The evaluation step is key. Ensure the right person is controlling what passes, what goes back on the shelf and what’s removed. This person should have a keep it simple mentality. They should be wise and knowledgeable enough to evaluate the ramifications and the advantages of applying ideas to the business. It could be a committee, a board of directors or a CEO. You will need to work this out for your specific industry and organisational structure.

Engineer your business better by going back and documenting existing processes and put them through Saasu IDEA. Removing any deadwood you find and improving existing ideas to create efficiency and advantages.

In summary, start filtering your ideas with the rigour of a framework and ensure the right ideas are added to your business.

Clone, Connect, Automate - saving time and reducing errors is just the beginning.

One the of great things about SaaS is the ability to opt-in permanently (or on a transaction by transaction) basis to information from a counter-party such as supplier, customer, employee or other legal entity you ‘trade’ with in a broader sense.

We call this automated exchange of information ‘Transaction Cross-Docking’ or TCD, just like the traditional cross-docking of pallets of physical materials in warehouses (more…)

Sources of quality ideas and ways to manage them

Are you starved for new ideas or do you find yourself seeing so many ideas out there that sometimes you feel the information floods over you? Either way, there are idea sources and filtering techniques that can help.

Do you find yourself so time poor that you can’t spend 2 hours reading a high quality book on a new concept or global trend? In 20 minutes with the right material (there is some right here) you can get the same outcome.

Any idea or piece of information can be slotted into three clear realms or stages of knowing that a gentleman called Plato did some groundwork on without the benefit of technology to accelerate his learning:

1. What you know you know
2. What you know you don’t know - or know a little about but not enough to be of much use
3. What you don’t know you don’t know - blind spots to which you are completely oblivious

Opportunity exists in that final point, we would like to share some quality sources with you.
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The big problem with technology is that it can be so darn good you want to use it all. Making matters worse, it’s cheaper and cheaper so there are less purchase barriers.

Like all consumption, too much technology will give you business lethargy. Wasted time, wasted investment and the scary one - redundant technology (that’s the kind you stopped using almost as soon as you paid for it).

The golden rules of technology investment:

1. Use a few really good technologies to keep it simple.
2. Make sure you make full use of those technologies.
3. Be prepared to change a technology for a better one.

Use A Few Really Good Technologies To Keep It Simple

What is the turning point where buying technology stops generating productivity gains. I’d argue it is a lot sooner than you think. Complexity costs money and distractions cost money. What is a really good technology:

Good Engineering and Design

The automotive industry has proven this time and again. Engineer and design well and the market will be all over your business to buy your goods and services. People will pay disproportionate amounts of money versus the practical gains. Does Hyundai really underperform a BMW when taking you from A to B. No, but the BMW driver is willing to pay for the design and engineering difference that gives them sheer driving pleasure. You can have 3 or 4 Hyundai’s for the same money. The point being it is disproportionate assessment of value by the consumer. People don’t buy on price, it’s a 2nd or 3rd order consideration.

Photo by The Aga

Automation Creates Time Where It Didn’t Exist

I always say to people,

Experiences and time are limited in life, money isn’t.

The number one thing you all want more of in your life and seem powerless to get it is (more…)

Two major global developments in the SaaS (Software as a Service) world show the blue sky is really here today. (more…)

It’s funny where you pick up great insights. I was watching a national gardening program and one of the winners of their annual Gardener Of The Year prize was asked by the host how she succeeded in building such an amazing garden. Her answer floored me…
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Here’s a purchase we no longer need to enter in our business. We just tick it off during reconciliation each month. You can see how it’s entered and automated from the screen shot. So let’s keep this post short and simple, Saasu style!

Bacn is simply spam you asked for. It’s the dozens of emails you get that you would like to get (sometimes) but they still annoy you and more importantly they chew up your precious time.
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Productivity is king, I have noticed I am most productive when isolated with controlled connectivity. Let me explain. By controlled connectivity I’m referring to having control in who connects to me and when. In this situation people can’t get me immediately on a land line, mobile, Skype or Instant Messenger but they can send me e-mails, leave voice mails or a message with our receptionist. This means I can work on that one thing I really need to get done. (more…)