West coast skin care company leverages cloud to support U.S. expansion [Byline]

Expanding into new markets is a challenge in and of itself, but when it’s a complex business and your financial management software can’t keep up, it’s time to make some changes.

Vancouver-based Skoah Inc. is a small chain of shops that offer facial products and treatments to its customers in 15 stores, some of which are franchises. Company president Christ Scott said that as the company looked to expand to the United States, those complexities could not be accommodated by its QuickBooks accounting software – it didn’t integrate with its Point-of-Sales (PoS) system.

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Gary Hilson is a freelance writer with a focus on B2B technology, including information technology, cybersecurity, and semiconductors.

B2B firms’ commerce goals outpacing their digital capabilities, study finds [Portfolio]

Those pesky legacy systems could be costing you a big business deal.

CloudCraze’s recently released 2017 B2B Digital Commerce Imperative Report found that for many B2B brands, legacy commerce systems are proving to be a barrier to digital transformation, preventing organizations from providing the agile, flexible buying experience customers demand.

In fact, the report found that as many as 70 per cent of companies have lost a business deal because of an ordering-specific pain point, and 31 per cent say they’ve missed out on at least $2 million in sales. According to CloudCraze, these numbers reflect an inability to accommodate the complex needs of today’s buyer because as a B2B business, they are relying on outdated commerce systems: More than 65 per cent last updated their systems more than two years ago, before Software-as-Service (SaaS) had matured.

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Trust in fintech suffers from a generational divide [Portfolio]

The big banks may have more time than they think before their “Uber moment” arrives based on this year’s Digital Money Trends Report, which found that Canadians are still wary of fintech, even as they increasingly search for information about financial products online.

The second annual report released by online financial comparison site RateHub.ca found that Canadians to not place a high level of trust in fintech companies yet, especially compared to their counterparts in the U.S., as there are fewer players here and less awareness. In addition, fintechs in Canada are newer and Canadians tend to have entrenched loyalty to the Big Five banks, unlike the fragmented financial services south of the border.

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Black Friday is for the kids, SAS Canada finds [Portfolio]

It looks like most Canadians are still doing a lot of their Christmas shopping in-store, but digital technology is shaping the expectations they have for their bricks-and-mortar experiences, a new report by SAS Canada has found, while young people are more likely to take advantage of Black Friday.

According to the report, 85 per cent of Canadians surveyed favour shopping in-store for their holiday gifts, compared to 59 per cent and 70 and per cent of their British and American counterparts, respectively.

The 2016 SAS Holiday Shopper Survey also found that online shopping is now as prevalent as in-store buying, and that most gift buyers will use both channels. Seven in 10 shoppers say they will visit stores, while an equal percentage plan to buy online.

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