Creating and adhering to a budget is essential for any business. It ensures that your spending is aligned with your goals and helps you to make informed decisions about where to allocate your resources. But the budgeting process doesn’t have to be overly complicated or time-consuming. As a Chief Financial Read more
Financial fraud is a major problem for businesses of all sizes. In fact, the Association of Certified Fraud Examiners (ACFE) estimates that organisations worldwide lose 5% of revenues to fraud. No business is immune to fraud, but there are steps you can take to mitigate the risk. Here are five Read more
It’s happened to all of us: we’ve overspent on groceries, gone over our budget for the month, or maybe even maxed out our credit cards. Overspending is a common occurrence, but it can be difficult to know what to do when it happens in business. There are a few key Read more
Infor SunSystems is known for being a powerful and comprehensive financial management system that’s flexible enough to meet the needs of companies of all sizes. But just how popular is SunSystems among businesses of different sizes? Well, as a highly configurable FMS, SunSystems can be adapted to the specific needs Read more
Financial consolidation is the process of combining financial data from several departments or business entities within an organisation and rolling it up to a parent company, usually for reporting purposes. This process can be a daunting and time-consuming task, especially for large organisations with multiple subsidiaries. However, there are ways to simplify the Read more
Query & Analysis (Q&A) is a powerful, ad-hoc query and analysis tool developed to give you the information you need, fast, efficiently and accurately. Aside from being a dynamic, multi-language, multi-currency business intelligence tool, it also offers a suite of applications that provide solutions for specific finance needs including financial Read more
If you’re like most businesses, you rely on your accounting software to help make informed decisions about the future of your company, to manage your finances effectively, and to keep on top of your compliance obligations. But what happens when your software starts to show its age? You might find Read more
As a business organisation, you know that cash flow is key. You also know that it’s important to keep your expenses low and your profits high. That’s why it’s so important to have a good credit control system in place. A good credit control system will help you manage your Read more
Every business, no matter how big or small, is always looking for ways to reduce overhead costs and increase profits. In the accounting and finance department, there are a number of ways to do this without sacrificing the quality of the work that is being done. Here are five of Read more
Accounting software can help to avoid accounting errors in your business’s financial operations. This is important because when it comes to financial operations, the accuracy of your data is critical. Inaccurate data can lead to misinformed business decisions, and in some cases, can even jeopardise your company’s financial stability. That’s Read more