2020, by far, is the most grueling year for businesses as this challenged their resiliency as a company and put their practices into test. As the business year comes to an end, let’s see how these challenges affect the business forecasts for 2021.
There are a myriad of digital tools to help you come up with more informed and strategic business decisions, but can the limitations of business intelligence (BI) tools affect your firm at different circumstances?
For most companies, money is the driving force that keeps the gears moving. Whether you’re a startup or a multinational franchise, having a budgeting and forecasting process flow strategizes your near-term and long-term financial goal.
Creating a budget to track your payables and receivables and sticking to it can be more demanding than you think. However, small business expense tracking is now made easier through effective budgeting tools.
There’s no doubt about it - robotic process automation is the future of the accounting industry. The technology is already within our reach. Accenture estimates that 80% of the finance and accounting tasks to be automated in the next few years.