All businesses should review their expenses periodically. Prudent expense management helps ensure that valuable cash resources are used wisely. No matter what the circumstances, here are some Best Practices for reviewing and managing expenses.
Key Performance Indicators (KPIs) are important management tools that we encourage business and farm owners to use. Do you need to develop or update KPIs for your business?
How ready is your business to deal with a business crisis? We look at what can be done to reduce risk and manage business crises effectively.
The new year is a great time to review your business and consider how to improve efficiency. Automation can help to standardise procedure, make processes cheaper and faster, improve reporting and help you focus on more productive activities.
There’s more to accounting than compliance. A well-run accounting function is multiskilled and supports business leaders to accomplish a range of different outcomes. We describe 5 important ways a business can benefit from the breadth of skills in an accounting function.
Managers usually try to keep teams focused on long-term goals and strategies. But these are uncertain times… and leaders are challenged to find new ways to help employees feel productive, safe, engaged and motivated.
Improving your cash position brings opportunities and reduces business risk. In the absence of equity and debt financing, alternative cash-flow management strategies can make a positive difference. Read how.
In this article, we look at ways the Finance Function should positively (and strategically) impact your business and help management make the best business decisions. How does your Finance Team stack up?
Are you making the most of your cash resources? Carefully managing cash in your business could determine whether you sink or swim through these COVID times. Here are 5 keys to minimising risk and optimising your cash management.
It is absolutely important that investors avoid emotional, panicked decision making. Investors who panic sell run the risk of selling low and crystallising losses in their portfolios. Read why.