The role of the finance team has been evolving for some time. Driven by modern thinking, at C-level and within the finance team itself, and with an influx of accounting technology available, many professionals have seen their focus and their responsibilities shift during the last few years. For those who hadn't begun to shift, the pandemic has accelerated similar change.
- Topic:
- Finance
The start of 2021 is a good time to reevaluate your business strategy. Having managed to make it through in spite of the tough trading conditions and unprecedented upheaval of 2020, the new year is an excellent opportunity for a fresh start and perhaps a new lease of life.
- Topic:
- Finance
In this article, we examine how including input from managers in Finance and HR – not separately but as part of a focused joint effort – can bring some surprising new ideas to the table. Find out how.
- Topic:
- Finance
“My workload is increasing more and more all the time and I can’t keep up with it”
That’s a quote from just one of the 1,000 UK finance professionals we spoke to as part of our study into the pain points the industry is facing in 2021. And it seems this particular person is not alone in feeling overwhelmed by their workload. In fact, when asked about the biggest new challenges they’ll be facing this year, almost a quarter (23.9%) said an increase in workload, with only staff or skills shortages being cited as a bigger issue.
- Topic:
- Finance
It's the legislation that feels like it's always round the corner. IR35 is set to be deployed into the private sector from 6 April after being pushed back a year due to the pandemic.
This time it looks like there will be no further postponements so finance teams working in businesses that rely heavily on contractors, will need to pick back up preparations to ensure all employees have the correct IR35 status by the April deadline.
- Topic:
- Finance
After a turbulent 2020, many professional services firms and project-oriented businesses are considering whether fundamental changes must now be made in order to leverage the most potential from 2021. Read on for some fresh thinking on reshaping your business.
- Topic:
- Finance
Despite the disruption and continued uncertainty caused by Covid-19, there has been positive news for the UK’s business community in light of the approved use of effective Covid-19 vaccines.
While the full effects of the vaccines on our day-to-day routine won’t be felt for some time, meaning customer and team habits won’t change immediately, with the beginning of the roll-out it does now mean that business leaders can, with more confidence, start to put plans in place for a post-Covid business landscape.
- Topic:
- Finance
Last year brought about many changes for businesses, and one of the biggest, most impactful changes came at its close with Brexit. The UK and EU were able to agree a trade deal almost at the last minute, reducing a great deal of uncertainty and setting out the future trading relationship with Europe.
- Topic:
- Finance
You probably don’t need reminding that the last 12 months have been tough for finance teams. Predictions and trends talked about at the start of last year were thrown out the window as the pandemic hit UK business and transformed sales performance, changed priorities and led to a whole different way of working.
However, looking back, 2020 was not without its finance trends and some of those that emerged through necessity, could well be here to stay for the long-term.
Here’s a summary of The Access Group’s top three:
- Topic:
- Finance
If you’re a finance leader keen to make the most of Open Banking – or you work in the finance team of a bank, an energy company or a consumer provider of some other sort – it makes sense to be up-to-date. Use this article for a quick overview of Open Banking and the potential benefits for customers and your business.
- Topic:
- Finance
