The Importance of Critical Date Management for Businesses
All businesses have to manage critical dates, whether it's for the submission of taxation documents, lease option periods, license agreement renewal/expiry dates and so forth.
And, the consequences of not properly handling that date manager process can be severe in many cases.
Imagine your office building or retail store is coming up to the end of its lease soon and you forget about the "window of opportunity" to exercise your option period. If you miss the chance to secure your lease under favourable conditions negotiated in the past, you put yourself at risk of having to totally renegotiate your lease from scratch, taking into account current market conditions (which may well be very different to what they were in the original timeframe).
In our case studies section, we document 3 separate companies who did exactly this (they forgot or missed their important critical dates) and suffered extreme financial penalties for this.
In one case, the cost to the company was $1 Million (!), the second firm suffered to the tune of $500,000 and the 3rd case study (a small retail store, belonging to a larger national chain) was forced to pay an additional $50,000/year over a new 5 year lease period (or $250,000 in total!)
In other examples, it could be the critical date management for a contract or intellectual property rights (such as patents, trademarks, business registrations), or even just a reminder to renew your business website's domain name - a small but important critical date that SHOULDN'T be missed.
'Tis Time was designed to be a Critical Date Manager system for all these scenarios and more.
We offer a very low cost, highly redundant reminder system that uses SMS alerts and/or email alerts (with an option to posting you physical letter/s as a backup reminder) to help you keep track of all your important critical dates.
From as little as AUD $12.95 per annum, you can register your documents with us, assign the appropriate critical dates that need managing, add contacts (1 or more key stakeholders can be assigned to each document, to ensure at least 1 key person does get an alert) and then we track all that information for you, sending out reminder alerts as and when necessary.
The redundancy mentioned above comes into the date manager process by you having 3 different mediums we can use to send you reminders (email, SMS & post), as well as being able to add multiple contacts to each document. That way, if 1 key stakeholder has left the firm, or their contact details change or something similar, you can be sure that someone WILL get that important reminder.
If the 3 example companies profiled in our case studies had been using 'Tis Time, none of them would have lost track of their important lease option period dates, and they would have saved a MINIMUM of $250,000 over the 5 year time period. A ridiculously small amount of money ($12.95/yr) to prevent such a huge financial penalty!
Register now with 'Tis Time for free Anniversary & Birthday reminders, and then order your important date manager services for your key documents.
