As a finance manager, CFO, or the leader of your finance team, implementing a new financial management system may seem like a daunting task. Not to mention, it could add more responsibilities to your finance team’s workload. However, the benefits of having an efficient financial management system cannot be overstated. Read more…
Effective management of financial resources is crucial for companies that aim to drive growth and expansion. In this article, we explore some key steps for effective financial resource management so you can improve profitability or even expand into new markets. 1. Automate the management of financials with a financial management 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…
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…
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…
Every business, no matter how big or small, needs to have some sort of accounting system in place. But what is the best type of accounting system for your specific business? That depends on a variety of factors, including the size and complexity of your company, the number of transactions Read more…
Measuring a company’s financial health is important for keeping things in order and providing insight into how well the business is doing. It is also necessary for making sound decisions that could improve the company’s overall bottom line. But how do you measure your company’s financial health? First off, it’s Read more…