There
are many reasons companies today are opting for a more technological approach
to their operations. Many are operating on fully cloud-based platforms.
Cloud-based environments offer businesses the chance to explore new business
models, experience less operational issues and costs, gain access to more
regular system upgrades, have more flexibility, cut out a number of capital
expenditures, increase security, and create less of an impact on the
environment, among other benefits.
Cloud
computing is helping all forms of businesses to collaborate more widely. This
means that retail stores, services pages, and technological businesses can work
with anyone, no matter where they are in the world. Of course, the key
difference between cloud-based and on-premise offerings is the fact that
on-premise operates primarily within four walls (or more). Though offering
certain advantages, on-premise can also limit offerings or make processes
slower and more expensive. It also equates to higher staffing costs, as a
physical office or warehouse takes people to run it.
Monaker
Group, Inc. (OTCQB: MKGI) is a travel company that runs through its flagship:
NextTrip.com. The company has multiple divisions and offers an array of travel
services to its customers. Monaker Group, Inc. aims to become a ‘one stop’ shop
for vacation bookings. MKGI does not stop at offering holiday bookings. The
company offers a search engine for alternative lodging, as well as a variety of
airlines, car rental services, hotels, resorts, cruises, concierge services,
and tours.
Monaker’s
ability to pull together an all-inclusive booking platform for its customers
has enabled it to decrease its expenses and overall costs by 43 percent in just
one year, according to the company’s Form 10K. Most importantly, this large
decrease in expenses was due to a decrease in all expense categories. Thanks to
Monaker Group’s ability to function through its flagship and other online
companies, personnel requirements were reduced, cutting associated costs by over
$600,000. In addition to this, the company has deferred some selling and
promotional costs, and it has reduced general administrative costs until the
platform is fully complete, saving the company even more money since early last
year.
For
more information, visit www.monakergroup.com
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