Monaker Group, Inc. (MKGI) Cuts Expenses by Over 40% in Just One Year
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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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
Let us hear your thoughts: Monaker Group, Inc. Message Board
Please read full disclaimers at http://disclaimer.missionir.com
