Finance

Includes latest finance related infographics along with short summary collected from the web.

Using Org Charts to Power Success

Organizational charts are needed for a company for people to know their job and the people that are either ahead or below them. There are organizational charts that are only there to know the people in position. These organizational charts have the picture of a person and their name and position written below. On some institutions like universities, organizational charts …

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Gamification in Banking and Financial Services

What are banks and financial services companies doing to understand and motivate their customers and employees? What are the impacts caused by a lack of engagement in the industry? When there is a lack of trust and engagement, customers don’t consume products and services. Engagement is critical to keep your customers loyal to your brand. At the same time low …

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7 Technologies Disrupting the Finance Industry

Here’s a surprising fact, according to Gartner only 12% of financial institutions are mature in their digital transformation. While it may seem that the financial industry is one of the most advanced industries in adapting to new technological advancements, it still has a lot of catching up to do. For instance, when cryptocurrencies like bitcoin started booming, the initial responses …

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Cost Breakdown: Where the Money for Your Internet Service Goes

Ever wondered why your internet bill is so high? Here’s where the money you pay your ISP actually goes — how much the service costs, and how much is just profit for your internet company. Our home internet bills keep costing us more every year. The average US internet bill has reached $60 per month — approaching almost $1,000 each …

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The real impact of late payment on UK SMES (2019)

Late payments are seen as the norm in the business world, but what impact does this really have on SMEs? Recent statistics on the UK reveal that small and medium-sized businesses are waiting to receive £23.4 billion in 2019. This is up a staggering £13 billion from the year before. With over half of businesses experiencing overdue payments, this can …

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Financial Text Archiving – Wealth Managers Keys to Improve Text Message Engagement with Clients

Many wealth managers today tend to capture and record mobile SMS due to the strict industry and legal requirements. In compliance with the rules of SEC and FINRA text archiving requirements, they often forget to realize the real essence of text archiving. While common knowledge suggests that it could limit their potential, utilizing such platform is actually designed to enhance …

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9 Ways to Boost The Turnover from Account Receivable

In the present era of globalization, there is a significant increase in competition between businesses. One can never predict what may occur at what point in a business, and this is the reason a lot of established and growing companies are taking precautionary measures to streamline their investing activities and finance operations to avoid cash flow problems. Smooth cash flow …

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Small Business Accounting Forecast for 2019

Accounting in every business industry plays a crucial role, regardless of its size and shape. And the fact is, managing numbers is not at all easy, it requires efforts, time and expertise. If the entrepreneur is from the accounting background, then managing books would be an easier job. All you require is an hour of your daily schedule. DIY approach …

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Impact of Technology on Finance & Accounting and Taxes

In the present business scenario, it has become imperative to move with the technology as not doing so results in losing out on any competitive edge over your competitors. The technological revolution in the form of Artificial Intelligence and Machine Learning has streamlined the business processes, especially finance and accounting which need immense efforts and time. So, if you also …

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The Brexit Impact on the GBP and UK Industries

By now, pretty much everyone has heard of and thought about Brexit. The UK is set to formally leave the European Union (EU) in October, and there will certainly be some serious changes to the British economy. ‘Brexit’ refers to the UK’s decision to leave the EU. The ‘British exit’ of the EU was passed by a referendum which saw …

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