Using Technology to Grow

I’m always happy to pass on great info...and this is great info! I’ve included a few snippets below lifted from the full article.

Modernise your Financial Department

It is not uncommon for startups and small businesses to operate with limited resources. But smart technology tools can enable small teams to operate at a larger level, giving them a competitive edge despite their size.

This Forbes article discusses how you can take a modern approach to finance and adopt a strategy that encourages business growth.

• Employ more strategic cash flow management. Improving simple practices such as sending invoices as soon as possible, using online invoicing tools, evaluating where you can reduce expenses, and adjusting inventory.
• Schedule regular financial forecasts to gauge profitability. Financial forecasting is critical for both short- and long-term scenario planning, and an effective tool to estimate profitability.
• Invest in the right technology. Automation can make manual processes much more efficient, increasing the importance of an organisation’s finance tech stack.

Modernising financial management is not as difficult as it seems. However, it takes dedication to ensure your team is on the right track. If you need some guidance with your business finances, get in touch with us today.

Do you need more detail on this subject? Head on over to the full article?here?for more ideas and perspectives. Afterward, why not drop me an email to share your thoughts ([email protected])