Analysis
The Number of Women in Finance is Yet to Increase
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In recent years, there have been countless efforts made by some of the world’s largest financial organisations to recruit more women into the ranks. However, the numbers are still very low. And in some sectors, they are dropping quite significantly. Mutual fund companies are one example, in which the number of women has fallen to 10% in the last decade. In the banking sector, less than a quarter of those in senior positions are females. 

 

Influential Business Schools are Trying to Redress the Balance 

In the US, scholarships are aiming at female MBA participants. Tens...

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Analysis
Continuous Accounting: Easing The Process
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The traditional accounting systems were not built for the modern economy, since it keeps changing and is always filled with risks. Therefore, it is vital for companies to examine their financial data to gain foresight on how they should make wise financial decisions in the future. The dated accounting process will make the periodic transactions problematic for the organization. This is because large sets of un-reconciled data eat on the productivity of the organization employees, particularly the accountants. Continuous accounting has its perks for any given organization....

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Practical Advice
Things To Keep In Mind When Choosing Accounting Software For Any Company
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There is an abundance of accounting software on the market, and they are all different in their own way, just as every company is different. Some of their aspects will be essential to certain types of businesses, but the structure of each company also dictates the needs of the accountant and the business. The best way to approach selecting the right software is to think broadly and narrow down from there. 

 

Cost – Start Up and Continuing

First, it is essential to look at the cost of the software, not just the start up costs, but keep an eye on the costs for additional...

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Trend
The Adoption of Electronic Invoicing in Organisations
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In recent years, electronic invoicing, also known as e-invoicing, has gained momentum in businesses as well as governments all over the world. Consequently, not a single year in the last decade passed without being declared the year of electronic invoicing breakthrough. The technology has even been recognized as an important development in Europe.

 

Implementing e-invoicing 

E-invoicing is not a new concept as it has been implemented successfully in many countries. However, there is need to further develop the process to increase the volumes of electronic invoices. 

European...

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Analysis
The Increased Interest in Zero-Based Budgeting
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Zero-based budgeting is a detailed assessment of all expenses starting from a "zero base". Increasing in popularity it differs from traditional cost budgeting methods by not referring to previous period figures and by requiring managers to justify all expenditure, old and new. This style of budgeting is time-consuming, as all expenses must be analysed from scratch rather than given an incremental percentage increase or decrease depending on previous period analysis.

 

Pros and cons of Zero-based budgeting

One of the primary advantages of zero-based budgeting is the visibility...

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Practical Advise
Tips for Effective Dunning
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Many businesses, especially those in the initial stages of establishment, suffer a lot due to debts owned by clients. An occasional phone call or email to ask the customers to settle the debts may not be of much significance. For the best practice in reaching out to your clients to pay up, you should consider the following factors. 

 

Be Friendly

The goal of dunning is not to threaten your clients to pay up, but instead, remind them that their bill is overdue. You still want to retain your customer, and as a result, you should portray professionalism in your communication. A...

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Practical Advice
5 Tipps for your business plan
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A good business plan should help you plan and to better stay motivated and to align your expectations with the market realities. In essence, it serves as a roadmap for your business and its vision. Here are 5 tips on how to write a successful business plan;

 

1. Keep it brief

Your business plan should highlight the primary objectives of your business that interest the reader. The main aim is to create sufficient interest to the reader or a potential investor. 

 

2. Don’t oversell your business

Many entrepreneurs fall into the trap of overselling their business, which...

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Practical Advice
Effective Strategies for Fighting Corruption in Businesses
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Corruption is a substantial menace that is deeply rooted in many businesses, governmental institutions, and non-governmental organisations. There is still a big gap between saying and doing regarding the implementation of anti-corruption mechanisms in our entrepreneurial culture. According to a report by Control Risks and the Economist Intelligence Unit, at least 25% of organisations admit that there is a likelihood of their organisation investigating a suspected case of corruption involving one of their staff members in the next two years.
 

Strong Policies and Reviews

One of the ways...

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Analysis
Crowdfunding for Enterprises
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Crowdfunding for businesses has proved to be profitable various small and large companies. Big tech companies like IBM have realised the need to use crowdfunding for improved interaction and innovation. Companies exercise crowdfunding for three primary reasons: internal use, market research and external use.

 

Internal Use

IBM introduced crowdfunding in 2012 which was to be used internally by the over 350,000 employees globally. The aim of the project was to encourage innovations by employees, which are utilised for the benefit of the enterprise. The kind of crowdfunding used by...

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Analysis
4 top skills CFOs must adopt in the digital age
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Digital revolution is now changing the way business organisations operate. Thanks to data technology, existing business models and services are quickly rendering. As a result, many top companies including automotive, telecommunication, and media are being reshaped in order to give rivals a competitive advantage. Here are some of the essential skills CFOs must have to stay ahead in the digital age:

 

CFOs must become analytics experts

A CFO should only spend 10 per cent of their time and efforts on transactional and the remaining 90 per cent on analytics. The more time they invest on...

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