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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