The Covid-19 pandemic is affecting businesses in a variety of ways. From loss of business to remote working, businesses are being forced to adapt.Continue Reading
Statistically, 90% of excel spreadsheets are sensitive to human errors. Is your company part of this statistic? Even though Excel can handle a lot of data, it is susceptible to human error. Working on an excel spreadsheet has a lot of shortcomings especially if a whole team of people try to work on it at the same time. Thirty years of scientific research on spreadsheets has shown that people make mistakes consistently, especially when pressed for time.
“Spend control culture this! Spend control culture that! Do you think all these buzz words will help your business grow?” Asked Zeph. He is an experienced Financial Manager. His boss trusts him. He hired Zeph not only for his impeccable array of qualifications but for his brain too. Continue Reading
A lot of effort goes into planning a construction site. Just ask any construction CFO that has to submit analysis, projections and plans months before the project even commences. It’s no wonder the CFO is nicknamed Ruler of Results.
Not only is there a lot of planning that goes into the construction site before the project starts but there are also unforeseen pitfalls that occur after the construction site is bustling with work. For a construction CFO or project manager who is already on edge by having all their balls in the air, even the slightest thing going wrong would be too much to handle.
Who doesn’t love to spend! Who wouldn’t love to read blogs about What would be the funniest way to waste a million dollars? Or 40 Crazy Ways to Have Fun With Money. A lot of companies would love to spend millions of dollars entertaining their clients and buying employees slippers for their birthdays! The reality is, you can’t just waste money because it defeats the purpose of putting in all the effort to obtain it in the first place.
Most times, charity funds get wasted in the purchase process. The most common examples of waste, in this case, are two people in the organization buying the same thing, or when an invoice comes in and an item costs more than was initially quoted so your organization ends up paying more than budgeted. The worst scenario is when suppliers collaborate with your employees to submit a fraudulent invoice. Continue Reading
Have you ever hoped that someday someone would invent an app that could just do your purchase orders (POs) by itself? Having so many factors to consider when it comes to purchasing such as purchases being made by different people and suppliers that could be unreliable makes it hard to keep track of where all the money is going. Acquire the Ultimate Smart Spend Toolkit? Continue Reading