In project-based businesses, projects can, and do, change very quickly. Between budget adjustments, evolving staffing requirements and customer requests, it can be a challenge to track project status, forecast revenue and ensure projects remain profitable. That’s especially true if you run reports and monitor project benchmarks from spreadsheets and discrete systems that handle different aspects […]
Category Archives: Finance Management
23
Jan
Jan
Financial risk is often unavoidable in business. Sometimes, it’s even acknowledged as a necessary condition to achieve a desired return. This paradox highlights the diversity of financial risks and their sources and underscores the need for business leaders to understand the financial risks inherent in their companies, no matter the size. Even companies with the […]
20
Dec
Dec
In today’s digital era, project-based businesses operate in an increasingly complex environment. Rapid changes, evolving customer demands, and fluctuating market dynamics have underscored the critical need for an integration of project management and financials. Unified project management emerges as the panacea to these challenges, streamlining operations and enhancing profitability. The Intricate Web of Information Silos […]
13
Dec
Dec
Introduction to the Complex World of Nonprofit Fund Accounting In the intricate world of fund accounting, navigating the financial labyrinth is a common challenge, irrespective of an organisation’s size or reach. Both grassroots organisations and major global NGOs emphasise the same foundational objective: the effective and transparent stewardship of donor funds. Delving deeper into the […]
25
Oct
Oct
In an increasingly competitive global market, businesses require more than just strategic vision—they need agile tools that can assist them in navigating through current workforce challenges while also anticipating and preparing for the needs of the future. NetSuite, with its extensive cloud solution infrastructure, emerges as a trusted partner for organisations aiming to make data-driven […]
18
Oct
Oct
In the intricate world of financial accounting, reconciliation stands as a pivotal activity. Ensuring the accuracy of transactions and balancing financial statements is not just about numbers, but about upholding a company’s reputation, ensuring compliance, and safeguarding from risks. However, as businesses burgeon and transactions multiply, manual reconciliation processes anchored in spreadsheets become progressively untenable. […]
11
Oct
Oct
In today’s fast-evolving digital landscape, businesses across the globe are adjusting to the transformative shift to remote work. This change, while offering flexibility and diverse talent acquisition, poses significant challenges, especially for financial and accounting departments. Navigating these challenges requires a deep understanding, strategic adjustments, and innovative solutions to ensure that financial controls remain air-tight, […]
04
Oct
Oct
The finserv industry, constantly evolving and marked by its multifaceted nature, demands technological infrastructure that is equally adaptable, integrated, and resilient. Enter NetSuite. Here, we delve deeper into how this remarkable ERP system addresses the key challenges faced by the financial industry. Simplifying Complex Financial Transactions As they scale, financial entities face an increasingly intricate […]
26
Jul
Jul
As the business process outsourcing (BPO) industry continues to evolve, it’s important for businesses to stay informed about emerging trends. This blog dives into the future of BPO, highlighting key trends that businesses can expect in 2023 and beyond. With a focus on the finance industry, we will provide insights that may help organisations use […]
12
Jul
Jul
With businesses seeking to streamline their operations and reduce costs they are looking towards Business process outsourcing (BPO). BPO is the hiring of external service providers to handle specific business tasks and operations. With outsourcing the most tedious, complex, and costly processes are delegated to an experienced, and efficient second party. Here are several ways […]