This
week’s blog is all about the essentials of working and balancing any business.
Last week I introduced the electronic credit card that would allow people to
feel more at ease when they use their card. Shopping will become faster and
more convenient when customer’s can just scan their phones and go. I’m sure the
next question on everyone’s mind, is how is this great idea going to work. Well,
before I reveal all the glorious details of my plan we have to start with how
to organize all of the data for each company so that each bit of data is organized
then complied into a format that will be universal for each company.
How is that going to happen? Microsoft
Excel spreadsheets is the simplest way to organize data and allow for the user
to call all people that match a certain characteristic’s such as people who
have over due budget’s or people who have just made a payments. This is made
possible by the formula function. You can write an if statement stating that if
the balance is higher than 0 hide it, and if the balance is below 0 then it
will be highlighted in red. This way the banks can easily identify who is an
asset and who is not. I am sure that banks have an automated system that would
do this for them, however with the use of Microsoft Excel companies can easily
attach the new card system with the old system. Thusly not causing mergence
problems from the automated system with plastic cards to the electronic ones.
I
know the use of Excel for such a detailed idea is not the most common method
for major companies to use, however, in order for technology to become more efficiently
used using simple systems is the way to go! Stay tuned for next week’s input on
how to make electronic credit cards!
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