As the global pandemic begins to wind down, finance leaders should congratulate themselves on guiding their teams through the most bizarre year on record. There is, however, little time to reflect on these achievements as the economy has changed irreversibly. 2021 – and beyond – hold a host of planning challenges for today’s decision-makers. At the dawn of the post-pandemic era, understanding the 5 ways to drive business growth in the post-COVID economy is crucial.
Housing management systems offer lots of functionality, but the finance side is often overlooked. Updating your finance system will undoubtedly improve your ability to manage customer enquiries, property assets and maintenance, however, it can be hard to know what to look for in finance software.
If you’re questioning whether your charity’s finance software is still fit for purpose, it’s a good idea to start in two places. Firstly, establish when it was that you bought your current finance system. Secondly, consider how much your company and the world around you has changed since.
Any business that sells through channel understands the importance of revenue stream, and every partner that enters a business partnership with a vendor wants to expand their own business and attract more satisfied customers. Here are some fundamental things that must exist between the two parties for the partnership to work.
Professional services organisations traditionally struggle with cash flow and working capital management. While payroll represents a substantial and unavoidable cost, cash inflows are uncertain; with inefficient and outdated billing processes exacerbating the struggle to get cash in the door and paid fairly for the work carried out. Although this issue isn’t wholly unavoidable, by utilising a finance system with an automated invoicing function, many organisations can overcome these issues and minimise working capital by streamlining invoicing processes.