Banks and other financial institutions are under an increasing amount of risk as they balance their dependence on outside vendors to support their businesses, and the ever increasing need to minimize risk in a highly regulated environment. Or said more simply; financial institutions are being held accountable for the actions of their suppliers. G2Link has developed the first B2B trust and reputation platform to help these organizations gain visibility and insight into third party relationships and their business performance – quicker, more accurately, with less expense and clearer visibility.
Gartner’s 2013 Hype Cycle for Emerging Technologies Maps Out Evolving Relationship Between Humans and Machines
Gartner’s 2013 Hype Cycle Special Report provides strategists and planners with an assessment of the maturity, business benefit and future direction of more than 2,000 technologies, grouped into 98 areas. New Hype Cycles this year include content and social analytics, embedded software and systems, consumer market research, open banking, banking operations innovation, and information and communication technology (ICT) in Africa.
I recently re-read Stephen Covey’s “The Speed of Trust: The One Thing that Changes Everything,” and in light of our recent thinking on Trust and Reputation, I would like to emphasize a few points. First, that while Trust is important on a personal level, it is absolutely critical for business interactions. Second, Trust is not static. It can go up or down with the ebb and tide of normal business but it can be proactively managed and maintained.
Businesses have outsourced Trust. Rather than rely on on their own criteria businesses use services to help the determine the trustworthiness of other businesses. Will they pay on time? Will they provide good service? Are they helping or hurting my company’s compliance?
In some cases, this is a matter of scale, especially in the consumer market. Macy’s for instance couldn’t possibly have a deep enough conversation with every customer prior to purchase to get comfortable so they outsource that process to the likes of Visa, Mastercard or American Express.
Do you know about one of the most interesting G2Link features, our company profiles? G2Link has two types of profile pages – in-app and public for every company listed – and there are a few differences between the two types of pages.
As part of the G2Link app, we not only feature in-app company profiles but also public company profiles. A working example is the G2Link public company profile page. Here’s how the public company profiles work:
Aon’s 2013 Global Risk Management Survey report has been released. They summarize the top ten business risks and Reputation is ranked 4th.
You can sign up to get the full report HERE.
“Conducted in Q4 2012, the web-based survey gathered input from 1,415 respondents — a 47 percent increase in respondents from the 2011 survey — from 70 countries in all regions of the world and was conducted in 10 languages”
How does your company manage its reputation? Do you track the reputation of all of your key customers, vendors or partners? If not, you should.
Even if you track your Reputation Risk…have you quantified it?
Sign up for G2Link and find out how.
Unless you filed extensions, tax preparation season is officially over. A lot of small business owners are technicians, experts in their field but not financial professionals. So here are five ways tax professionals can help their small business clients beyond tax season.