Enjoy the latest blog posts about 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.

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.

Five Ways You Can Improve Business Efficiency by Reviewing Your Finance Function

Making a company more efficient should be a goal for every business owner. Business efficiency refers to the fundamental reduction of wasted resources used to produce output, whether the latter be physical products or services. As a result, efficiency determines how effectively a business converts inputs such as capital, labour, and materials into outputs like revenue, goods, and services.

Finance Functions that you can effectively outsource

An effective way to focus on growing your software/technology business is to turn over your company’s finance functions to a trusted outsourcing partner at a reduced cost. A virtual finance department might be the most important step you take in cutting down costs in your business. Outsourced finance departments can supply companies with a higher quality and quantity of work at less of the cost.