Enjoy the latest blog posts about the term Financial Management. All my recent blog posts you'll find in the blog section. If you are interested in a particular topic, you'll find and overview of all covered terms on the sitemap.

7 Accounting Services That Your Business Can Outsource

No matter the size of your business, accounting functions are one of the essential elements to get right. When volumes are increasing, accounting departments can often get overwhelmed, which can cause delayed payments and bad reporting cycles. External financial service providers can provide a solution that can grow with your business needs and allow you to focus on core activities. But what services can you outsource exactly?

How To Increase Profit Margins: A list of 6 Proven Strategies

Based on the 4th quarter data of 2021, 53% of the UK’s SMEs reported a profit in the previous 12 months. However, it’s one of the lowest results in the past decade. In this article, we discuss practical strategies to help you boost profitability, so stay tuned until the end. After all, profit margins measure how well a business is doing, so it’s critical to keep them in check.

How Your Financial Data Security Strategy Can Make or Break Your Business

Financial data is an increasingly popular target for data theft, with three times as many cyberattacks conducted in the first quarter of 2021 than in 2019. This article will explore the importance of financial data security and what actions you can take to protect your financial information, so stay tuned until the end.

Is Your Financial Forecasting as Effective as It Should Be - How to Make It Work for Your Business?

In a nutshell, financial forecasting is the process of estimating and projecting your company's future performance and trends. Financial forecasting is an important activity, whether you utilise it as part of a business plan or as a regular tool for your strategic planning.

I Have a Finance Team but I Don't Feel I'm Getting the Best Out of Them

In this article, we will examine the most common reasons why finance teams underperform - 1. Missing accounting automation, 2. Transactional accounting 3. Lack of integration - and what can be done to improve their performance. An external financial partner might be a good option for companies that are always searching for help with functions that their in-house finance department cannot perform.

Financial Contingency Planning Is Crucial for SMEs

Whether you are running an established small and medium-sized enterprise (SME), or you are in the early stages of forming your business, having a solid financial contingency plan is a must. Understandably, if you are just starting off with your new endeavour, you might not be necessarily thinking about developing your contingency plan — you’re all focused on growing your business.