Finance

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Many businesses take a lot of risks every time they accept debts from their clients. Too much debt can bring adverse effects on the overall growth of a business. While debts are supposed to be paid within a specific amount of time, there’s still no guarantee that everyone included in your checklist would be honest enough to keep their promise. …