Getting More Finance Administration Tasks Done in Less Time

If your small or medium-sized business has only one finance manager or at least a smaller group of finance managers, chances are, handling every record of your company’s day-to-day expenses (on top of all their other duties) might get overwhelming from time to time, especially during earnings reports season.

Getting More Finance Administration Tasks Done in Less Time

Human error is frowned upon, but especially when it comes to handling company finances. So how can you best deliver in a fast-paced, demanding environment without overburdening your employees?

Here’s a rundown on how a cloud-based finance administration software can actually be of help to these common tasks:

  • Managing your accounts payables

Relationships with suppliers and vendors should, like customer relations, be a priority.…

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How To Reduce The Costs Of Technology In Your Business

Every company is concerned about the bottom line. Without that attention to detail they’ll constantly be throwing good money after bad. The quickest way to score points with upper management is to show initiative through developing cost cutting measures.

how to cut technology costs

One area where you might have an advantage is by taking a comprehensive review of the costs of your business’ use of technology. Here are some helpful factors to consider when approaching the issue of cost cutting technology.

1.   Find the Cost

There are many layers to a company’s technology infrastructure. In order to target costs you have to become familiar with those layers.…

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What Improvements Can Your Small Business Make in 2012?

business improvements for the new year 2012

With 2012 right around the corner, your small business is likely hoping the New Year allows you and your employees a fresh start, especially if the return on investment (ROI) for 2011 has been less than stellar.

For those small businesses that struggled this year, there are creative ways to move forward in 2012 and return your company to the black.

Among the things to keep in mind are:

“¢ Review this year – The first and foremost thing to do is to sit down and go over what did and did not work well in 2011. If you have been in business for a short time, did you meet your goals for this year or are you still in the growing process?…

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Running a Global Business on a Shoestring

operating a global business on a budgetBusinesses today need to look beyond geographical borders in order to expand. There is a whole world of consumers, customers and clients out there waiting to buy your service or product. Opportunities aplenty await the astute businessman willing to take the risk and go global.

Going Global“ does not need to be expensive.   It’s relatively straightforward and cost-effective to target foreign markets if you are astute enough and cost conscious enough. Neil Payne set up his business on a laptop in a studio flat in 2004. He now oversees a company with offices in the UK, USA, Argentina, South Africa, Germany and the UAE.…

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Take A Look In The Mirror

A client recently asked me to help her analyze the overall state of her company. Her decision to conduct this productivity audit was prompted by an unexpected personal opportunity that would take her out of the country for the better part of a year. For continuity and efficiency reasons, and to make sure her managers had their marching orders throughout her absence, my client wanted to make sure she was “doing things” as well as possible.

conducting a business productivity audit

As it turns out, she wasn’t. She was doing great, no doubt; but she wasn’t operating as efficiently and productively as possible. The subject business, a relatively straightforward, mom-and-pop, retail operation, had just shy of two million dollars of annual sales.…

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Four Challenges and Solutions to SMB Project Management

management challenges and solutionsSmall to mid-sized businesses have unique challenges when it comes to managing projects. SMB’s often don’t have the processes or systems in place to efficiently support the current size of the organization or its future growth, so projects are critical to future success. At the same time, SMB’s have limited resources and small training budgets which can adversely affect projects. SMB project failure can result in investment dollars and staff time down the drain, not to mention disruption in your organization. Don’t jeopardize your operations and profitability.

What is the best approach? Consider these four challenges and solutions:

1. Lack of full-time resources – Resources in SMB’s often have multiple responsibilities.…

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