Business Meeting Transcription and Why Go for the Experts

Business meetings take place in all organization be it small or big. The meetings may involve the people within the organizational structure or people outside the organization who are related to or interested in the business. These meetings ensure that the organizational functions are in place and the right strategies are put in place to maximize on service delivery and productivity. Regular meetings are held to ensure that there is always continuous application of the rules, regulations and strategies by the organization.

These meetings are recorded in either video/audio. These recordings are then transferred to written documents or transcripts. This process is well known as business meeting transcription. The categories found under this process include conference call transcription, meeting transcription, interview transcription, telephone transcription etc. these transcripts are best transferred from audio to transcripts for the purpose of secure storage.

Business Meeting as it sounds is a very important part of a business and its growth. This translates to the idea of handling this service with a lot of great emphasis in professionalism, detail and accuracy. This can be fully achieved by ensuring that the staffs carrying out this kind of service has the right skill to handle this service.

Organizations have realized that to have a satisfied employee translates to having a satisfied client that eventually translates, to a more business and profits. What they are currently doing is adding value to their employees through training. The employees then realize that the employees care about them hence loyalty and the skills gained ensures quality delivery service to all it clients.

This process requires a fast turn around time. In business after analyzing all aspects of its growth potential and the necessary steps to take, then a decision to implement all these strategies is reached ASAP. The documentation is necessary for carrying out this process.

Commercial Mortgage Broker Fee Agreement

Now having a good commercial mortgage broker agreement in place with your borrower is more important than ever. As CMBS lenders like Lehman, Silver hill, etc have been taking the worst of it, we as commercial mortgage brokers are now forced to originate our commercial mortgages through traditional sources, i.e. regional or smaller banks.

These banks that for years saw their market share shrink are now in control. Many of them never bothered to increase their risk thresholds and or change their underwriting guidelines to stay competitive. They are now reaping the rewards of that prudence. Bottom line, they still have money to lend and many times their rates are considerable better than the rest of the market.

The challenge however for commercial brokers is that most of these smaller banks are not broker friendly. Or more accurately stated most of them are not set up to work with brokers like the CMBS lenders. For example it’s very rare that a smaller bank will pay rebate or ysp. Once in a while you may find a bank that will pay a .5% or 1% referral fee, but that’s it and it’s rare to find.

Rather many of these banks expect you to get paid on top of their 1% bank fee. Or worse many of them will want you to make your fee outside of close… When was the last time you chased a borrower for a $15,000 commission? If you don’t have it set up right from the beginning you will have a difficult time ever collecting. And besides collecting you will have a hell of a time competing on the deal.

So the point here, besides that this current market reality is not a lot of fun, is that if you think you’ll have to take your deals to a local banks, you’d better have your commercial mortgage broker fee agreement signed and in place before you bother to work on the deal.

Online Business Meetings – Using Technology to Cut Business Travel Costs

If you have a small business, you obviously envision it becoming a big and well established enterprise. As the business grows beyond city, country and continental borders, communication modes need to be upgraded. This is why as you nurture your business you have to think of the best way to cut traveling costs while maintaining a high level of productivity during business meetings.

In conventional business setting, designated employees would ideally travel across the world to make business deals or to attend conferences that would market the business. These business trips entail booking a hotel for accommodation, booking a meeting room, having transport arrangements to various meeting points, setting aside traveling allowances as well as organizing for meals for the traveling persons. We all agree that employees are bound to make fraudulent claims after a trip.

Some people misuse these business trips and turn them into their personal expeditions at the expense of their companies. Other employees turn the trips into a shopping spree. Monitoring the steps of your employees while they are away requires a lot of time and money thus many organizations would not think of spending funds to check on their employees whom they have sent away on business.

The best way to curb problems arising from traveling far to have meetings is to invest in a good online meeting room, with a powerful computer which can transmit multimedia. Have a web-cam, headsets if needed and install necessary software to support communication as the meeting goes on. It is also important to have a standby generator that ensures the meeting is not affected by power blackouts. With technology, you can link to your customers, suppliers and business partners at the comfort of your office.

In the long run, if you compare the money used to set up an online business meeting and that used to send staff to a physical meeting point, you will definitely settle for online meetings.

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