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The way businesses operate has undergone more profound changes as a result of digitalisation. The vast majority of companies now employ tactics like data analytics, artificial intelligence, and data-driven software. A finance department is necessary for every company that must produce financial reports on a regular basis. The Chief Financial officer (CFO) is referred to […]
In today’s evolving digital era, it is inconceivable for a business to sustain itself without leveraging technology. Digital tools help businesses facilitate and thrive in their industry, innovate products and services, build effective client relationships, and create an inroad for them to dive into new markets. While businesses can utilize various digital tools to execute […]
Determining overhead cost is vital for budgeting purposes and how much a company should charge for a service or product to profit. Unlike operating costs or direct expenses which are required to run a business or are incurred in the company’s daily operations, overhead expenses are business-related costs that mainly refers to ongoing expenses for […]
Tax risks can pose a significant problem especially when it affects your business’ cash flow or results in a leakage in profits. It could be that your company has been paying more tax than it needs to, or that your business’ fiscal profile or tax positions are not well aligned due to the inadequacy of […]
The purpose of companies is to generate revenue and profit. Nevertheless, economic crises, unpredictable market conditions, and rapidly evolving technology can adversely affect business operations, resulting in hefty losses. Unexpected situations like the outbreak of the COVID-19 pandemic also significantly impact the business’s finances, making it hard for big and small companies to sustain a […]
In today’s unpredictable economic climate, it is important that business owners remain alert to early warning signs of potential insolvency in order to act to mitigate risks early. Not recognising or ignoring these early warning signs may lead to worst case scenarios. By then, any corrective efforts would be late. Why is it Important to […]
