The top priority for any business right now will be the safety and wellbeing of employees - ensuring everyone is following the government’s strict guidelines for social distancing to help halt the spread of Covid-19.
But as your business looks to protect the health of its employees, it’s also crucial to help protect their jobs too - as well as the longevity of the business. The challenge set out by Covid-19 to all businesses is extremely complicated and difficult, but if finance teams communicate clearly across the business and collaborate, they can help to reduce the impact on revenue, profits and the operation of the business.
- Topic:
- Finance
When it comes to technology, the pace of development is having a profound effect on practically every industry — and the world of finance is certainly no exception. Advancements in cloud, artificial intelligence (AI), blockchain and robotic process automation (RPA) are revolutionising the finance industry, and it is becoming clear that innovative companies leveraging these technologies are better placed to keep business running as smoothly as possible in difficult times.
How can finance leaders keep up with the increasing rate of change and uncertainty, and leverage technology to move forward? Read on as we offer insights into the implications of implementing disruptive technologies and how businesses can make the most of them in times of uncertainty.
- Topic:
- Finance
For the charitable organisations that constitute Britain’s £17.1bn third sector, efficiency is the name of the game. There are so many reasons why it’s necessary to cut back or increase revenue – or pursue a programme that mixes the two. In an age where central government funding is being cut, for example, third-sector organisations are often left on the breadline. While the average Brit donates £44 per month to good causes, it’s not nearly enough to meet every charity’s need.
For finance leaders in this world, the solution often lies in shifting away from inefficient processes and towards more efficient, integrated and often digitalised solutions. But how can the sort of organisational culture that supports this kind of development be created? This article will explore this problem and begin to look for some solutions.
- Topic:
- Finance
The word “digital” is on the lips of all kinds of people at the moment – not least those who are on the hunt for transformative solutions that could save their businesses some cash. However, it’s not quite as simple as it might seem. Figures from the Office for National Statistics reveal that around a third of businesses still aren’t using all of the major technological tools available to them. What this means is that there are far fewer business and finance leaders taking advantage of the digital revolution than there should be.
Perhaps this is down to the barriers to entry. It’s not quite as simple as installing a software package and letting it run wild. The most important, yet most difficult, thing to do is to create a digital culture in which all employees feel comfortable and happy using software solutions for productive purposes. This article will explore how to go about doing that.
- Topic:
- Finance
In the hospitality space, there’s always a need for more and more financial management – especially given that the industry is growing by 6% each year. Cost pressures are everywhere in this sector, especially when it comes to staffing – and the risk of project overruns and other difficulties is ever-present. However, luckily there are some ways to cut down on the risk of this happening to your firm. Here’s how you can best use financial management tools to prevent problems from arising.
- Topic:
- Finance
Britain’s 163,000 not for profits are vital to wider society, and they meet needs that often slip through the cracks in state-sponsored or private sector organisations. From the delivery of important services to community and regional activism, this sector is hugely important in many ways. But how can software be used to best effect in this sector – and what should an NFP leader look out for when selecting a finance software package?
- Topic:
- Finance
In the hospitality space, there’s always a need for more and more financial management – especially given that the industry is growing by 6% each year. Cost pressures are everywhere in this sector, especially when it comes to staffing – and the risk of project overruns and other difficulties is ever-present. However, luckily there are some ways to cut down on the risk of this happening to your firm. Here’s how you can best use financial management tools to prevent problems from arising.
- Topic:
- Finance
When you’re responsible for project planning in the not for profit sector, there are a whole host of aspects to think about. The most obvious, money, is important – while staffing and project management should also be on your to do list as you plan. This post will delve into these considerations and explain how to incorporate them into your strategy.
- Topic:
- Not For Profit
The not for profit sector is vital for Britain’s society in many ways – and without it, there’d certainly be a black hole where many current service delivery objectives are being met. And as a not for profit finance leader, what’s needed to check that you’re managing money well enough to keep the organisation sustainable for the long term? This article will explore the answers to these important questions and more.
- Topic:
- Finance
With a sector believed to be worth £7 billion, Britain’s consumer sports industry alone is huge. From gyms to pitches, there are lots of options – and once the range of other leisure facilities, such as clubs and recreation sites, is included, the figure gets bigger and bigger. But while these facilities continue to be popular, it’s apparent that there are still some significant hurdles and pain points, which financial leaders in this space have to face.
- Topic:
- Finance
