ERP systems are always evolving and improving. In fact, it’s quite common to hear that a system will only last five to ten years before a company will implement a new one. If you’ve identified that you’ve outgrown your ERP, or that you could be better served with a different one, then the next question …
When is the Best Time to Change Your ERP Software? Read More »
Things change rapidly in business. And as we’ve recently seen, the impacts of changes such as the pandemic, Brexit, supply chain issues, the Ukraine war and energy surcharges have been felt by all businesses. Financial planning and analysis can help you gain a competitive advantage and stay ahead of the game. Through planning, budgeting, reporting, …
Using Financial Planning and Analysis for Competitive Advantage Read More »
Many companies have had great success employing recurring revenue business models. And we’ve become accustomed to using so many things this way – from streaming entertainment to beauty products and recipe boxes. And cloud computing has made the subscription model especially prevalent in the software sector, resulting in an expanding SaaS market Recurring revenue means …
Solutions like ERP systems are unified management systems that add value to your organisation. They streamline processes and operate as a single platform with just one database. But it’s with the automation of tasks and workflows that they come into their own, making your company more efficient and effective. Here are some of the ways …
All businesses need to identify their most important metrics and report on them consistently. After all, what gets measured, gets managed. You will undoubtedly have some KPIs that are relevant to your particular industry, or even your own company. But there are some financial KPIs that you should always be tracking and analysing. Here is …
Many companies that have been affected by rising fuel prices are adding energy surcharges to their customers’ bills. Businesses need to monitor and track these surcharges to decide how it is affecting them, whether they need to respond, and how best to do that. We take a look at energy surcharges in more detail and …
How Business Agility Can Help You Tackle Energy Surcharges Read More »
Accountants are the most important people in your organisation. Every single area of your business is affected by money that’s coming in, going out or being managed and processed. With everything touched by the accounts department, we’re now seeing the coming of the age of the accountant. To support their vital roles, they need accurate …
The business landscape has changed dramatically recently. On top of the impacts of Brexit and Covid, we’ve since seen other rapid changes that have impacted business performance in the UK. Companies have needed to respond quickly to handle pressures like energy surcharges, a collapsing pound and rising inflation. Having an agile system can help your …
How an Agile System Can Help You Adapt to Rapid Changes Read More »
One of the biggest issues for the finance department is getting its invoices paid on time. Last year, the government estimated that there were £23.4 billion worth of late invoices owed to British businesses. Late payment impacts cash flow, holds back investment, damages business relationships and threatens a company’s survival. There are three main reasons …
The 3 Main Reasons Why Businesses Don’t Pay on Time (and How to Overcome Them) Read More »
How could it be that growing your business would upset your clients? It seems counterintuitive that the growth and development of a company would be an unwelcome change. But there are some valid reasons why clients might not want you to grow. Here we look at the aspects of growth that might be undesirable to …
Grow Your Business Without Upsetting Your Current Clients Read More »
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