Companies use financial modelling to check assumptions and forecasts. These financial models can extrapolate data to assess what scenario might result from changing one or more variables. Typically created within spreadsheets, companies can build financial models on which all manner of business judgements can be based. What is Financial Modelling? Financial modelling is a …
Many companies around the world are already enjoying the benefits of Enterprise Resource Planning (ERP) systems. Because the software runs your entire operation, its versatility means that a wide range of businesses can see improvements using one. The overall benefits of ERP software are clear. An ERP is based on a unified database so it …
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Whatever the size of your company, implementing an integrated ERP system can improve your productivity levels. Having multiple, disparate systems can negatively affect staff – they can knock morale and segregate departments. This can lead to breakdowns in communications, hampering the smooth-running of a business. An integrated ERP solution can not only boost your businesses success but can also bring about a much happier working environment and tangible productivity increases. Improving communication and collaboration Implementing an ERP system opens up communication channels in an organisation, allowing staff to share ideas and …
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For competitive advantage, companies need accurate real-time data, as provided by an ERP. How should you evaluate an ERP system and why should you buy one?
At the end of the Brexit transition period, on 31 December 2020, the UK will leave the EU VAT regime. These are the implications for your company’s VAT.
Government grants are available to UK companies now for new IT implementations. A government grant can cover as much as 100% of the cost in the first year. Find out how you can get one.
Should you consider adding a subscription model to your business? It’s a model that is fast gaining traction and that has many benefits. Here’s what you need to know.
The latest upgrade to the NetSuite platform – NetSuite 2020.2 – has new functionality that helps software companies to better manage subscription billing, cut costs and improve overall efficiency.
Finance directors and CFOs need precise data and meaningful KPIs. Even though funds are tight right now, here’s how to persuade the board to upgrade their financial technology.
Companies that automate their financial reconciliation processes can benefit from faster month-end closes, greater accuracy and improved transparency.
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