Cash is the lifeblood of any organization, and an effective cash handling is crucial for securing financial stability. No matter your company size and industry type of your company, you need a way to manage your cash flow. In this article, I will explore the...
Administrative processes are the backbone of any organization, but they can also be a major time consuming task. By optimizing your administrative processes, you can free up your team’s time to focus on more important tasks and boost your overall productivity....
In a recent article we explored the power of outsourcing in Accounts receivables. But outsourcing apply in many areas. It allows organizations to tap into specialized expertise and resources while focusing on their core competencies. In this article, I explore the...
In a distribution operation, it is normal for the quantity of products purchased from a supplier, stored in the warehouse, and sold to customers to have different units of measure. In this article, I will explain what is units of measure, how they work, and how to set...
In today’s fast-paced world of modern business, staying competitive and efficient is crucial. One way to achieve this is by adopting an Enterprise Resource Planning (ERP) system. However, the implementation of an ERP frequently fails due to a poor ERP system...
Trend analysis is a technique used to predict future events or trends based on analysis of historical data. Most articles on this topic focus on spot patterns in investments or stock markets, but few address this technique’s use to promote sustainable business...
In the interconnected digital world we are living in, social media has evolved beyond just a platform for personal interaction. They have become a powerful tool for businesses to connect, engage, and generate leads. The strategic use of social media can drive business...
To make informed financial decisions you need accurate financial reporting. From all the processes involved in generating financial information, account reconciliation stands out as the one ensuring the integrity of financial records. In this article, I explore how...
Business success is not simply a matter of chance but a result of deliberate and well-executed strategies. Strategic planning and budgeting serve as the guiding lights for organizations, offering a roadmap to navigate challenges, seize opportunities, and achieve...
In a recent article I explained the Importance of Continuous Process Improvement. Streamlining back office operations is one of the areas that require continuous effort and commitment to efficiency. The back office is the engine that keeps a business running smoothly,...
