In the accounting space, practice owners understand how critical it is to place the correct data in the hands of the right people at the right time. Beyond deriving insights, accounting data visualisation helps you run a better practice.
- Topic:
- Accountants
What are Key Performance Indicators (KPIs), and why should your Finance team track them? A KPI is a critical measure of progress towards a target, goal or core business objective. KPIs are quantifiable measures over time that focus on strategic and operational performance and create a centre of attention for achieving the desired result.
In this article, we will discuss the top 11 KPIs your finance team should track and why.
- Topic:
- Finance
Don’t know an ERP from a CRM? You’re not alone. Our guide will highlight ERP vs CRM, shining a light on the benefits of each system and how they can help you reach your business goals.
If you’re looking to automate your essential business processes, chances are you’ve embarked on a very steep learning curve regarding ERP vs CRM. In your quest to have your business running efficiently while also finding better ways to retain existing customers and find new ones, you’re now presented with these two options that, to be honest, seem pretty similar.
Actually, many features of ERP (Enterprise Resource Planning) and CRM (Customer Relationship Management) do overlap, making the decision a little more difficult for those business owners and managers not familiar with the software systems.
With recent stats showing 50% of businesses plan to either buy, update or upgrade their ERP systems in the near future, can you afford to be left behind by not investing in this emerging technology?
This guide to ERP vs CRM will take you through the pros and cons of ERP and CRM, the key differences and benefits of each system and how they can help you achieve your business goals.
- Topic:
- ERP
Kendalls Behrens needed a new, cloud-based accounting practice management solution to remove time-consuming manual processes, improve workflow management and have a single source of truth for their reporting. After comparing multiple practice management solutions for several months, they decided to move to Access APS to improve their practice efficiency.
- Topic:
- Accountants
Whether you’re an experienced Chief Financial Officer (CFO) or Finance Director or relatively new to a finance leadership role, the CFO skills needed for success are the same.
You are already likely to have strong mathematical and analytical abilities. You’ll be familiar with critical CFO and Finance Director responsibilities such as ensuring business sustainability, optimising cost controls and cash flow, and increasing profitability.
From the start, becoming a successful chief finance officer can be challenging, especially in times of economic or business uncertainty when the business's financial health is in jeopardy. In this article, we look at the seven essential leadership skills to make a positive and lasting impact in your organisation and ensure success within the business.
- Topic:
- Finance
Not all Chief Financial Officers (CFOs) are created equal – some are more effective than others at determining and leading the strategic direction of a business. CFO duties and responsibilities vary; everyone is different, and everyone brings their unique blend of skills and experience to the role. So, what makes a CFO successful?
In this article, we examine the common personality traits shared by successful CFOs and the key elements and skills that will add to CFO effectiveness.
- Topic:
- Finance
If your accounting firm has an auditing function or division, you may wonder how AI and auditing can synergise to make your life easier. It’s hardly surprising, considering artificial intelligence has been on everyone’s lips this year, and every industry imaginable is chomping at the bit to apply AI to their daily operations.
- Topic:
- Accountants
If you're an accounting practice owner, one of your primary goals is to stay relevant in the industry. However, without a clear plan for your accounting firm's growth strategy, you will not have an objective viewpoint of what is working and what is not.
- Topic:
- Accountants
All you need to know about outsourcing payroll processing in Australia.
Outsourcing payroll processing to a payroll company in Australia is an excellent way to save money, time and resources for businesses of all sizes. By opting for outsourcing payroll, businesses benefit by being able to manage their financial operations more efficiently and cost-effectively. Payroll outsourcing provides many benefits for employers and employees, including cost-efficient administration, faster processing times and improved accuracy and improvement to the overall employee experience.
In this blog, we'll explore why a payroll company processing your payroll is a smart idea. We'll also explore the key areas to consider when deciding whether outsourcing payroll is the right choice for your business.
- Topic:
- Payroll
If you're experiencing accounting firm structure challenges and want to take some inspiration on building a well-defined organisational structure, you've come to the right place.
- Topic:
- Accountants
