The advancement in technology has made business go global. It is possible, even for small companies, to sell their products and services outside their national borders. Similar to the scale of operations, the nascent-ness of the company does not matter either. This means that a company does not need...
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The role of Compliance has evolved over time. Earlier, members of the department were enforcers of rules and regulations. Presently, they seek to cooperate with the different divisions within a company to ensure that both individuals and the broad objectives of the company are protected. Their role used to...
Financial transaction processing is an arduous but important activity for a company. From the outside, people may perceive it to be just undertaking accounting transactions or maintaining and updating financial data. This may make the task seem simplistic. However, financial transaction processing is a key and necessary activity. The...
Finance is the lifeblood of any business but its importance is pronounced multifold for startups. The best of ideas and products cannot find their feet without adequate, timely, and consistent financing. But gaining access to funding becomes a hard task for startups because of an as yet unproven product...
Errors in the books of accounts cannot just hinder the growth of your business but also put you on shaky ground, especially if you are a new business. So, to avoid this serious threat to the financial health of the company, make sure that you avoid these top 5...
Finance and Accounting Outsourcing is a very common practice nowadays. Business management understands that the internal accounting division may become expensive by keeping it in-house and after a while may not be the most effective practice. The most challenging aspect of Outsourcing Accounting Services is hiring a service provider...
The foundations of a growing business are largely dependent on the bookkeeping and accounting methods. While the size of the operations can vary from a home business to an MNC, the quality of the accounting support you have incorporated into the system. The accounting and finance department needs to...
In the world of finance, the term Cash Flow describes the cash generated (cash inflow) and cash usage (cash outflow) in a business during an accounting period. All activities of accounts receivables and accounts payable are recorded in the Cash Flow Statement where cash flow is calculated in the...
Technology is transforming financial service companies at a fast pace. Digital transformation in the financial sector is enabling the financial services companies to identify & transform into new ways of serving the clients. The financial companies operate in a highly dynamic environment that requires them to change as per...
The success of a startup is a melting pot of various factors like the right product, the right time of launch, the right target market, among others. One important factor that has contributed to the success of an overwhelming majority of startups is a strong financial advisor and consultant....