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Business Advice

Order-to-Cash Explained

Order-to-Cash Explained

Businesses must process customer orders using efficient processes to get paid for them promptly. The order-to-cash (OTC or O2C) cycle is made up of a number of steps towards making that happen,...

Supply Chain Challenges, Tips and Trends in 2024

Supply Chain Challenges, Tips and Trends in 2024

The logistics of supply chains are in a constant state of flux. In 2024, many of the challenges that emerged from the COVID-19 pandemic have been overcome, but we are still under the shadow from the...

10 Key Business Trends for 2024

10 Key Business Trends for 2024

As we are all finding our feet in the new year, it’s important to have a good understanding of the key business trends for 2024. Many of the predictions for the coming year revolve around a few...

10 Tips to Grow Your Business In 2024

10 Tips to Grow Your Business In 2024

As we launch into 2024, business owners should be looking to hit the ground running with the right approaches to grow over the coming year. Growth is fundamental to all industries and business...

11 Tips to Grow Your Small Business

11 Tips to Grow Your Small Business

Despite the economic challenges of the last few years, there is a wealth of opportunity out there for small businesses. Whatever size you are now, it’s important to plan and structure for future...

What is Quick Ratio and How Is It Calculated?

What is Quick Ratio and How Is It Calculated?

There are many ratios for interpreting the data in financial statements. One of the most essential of these is the quick ratio. When used correctly, this can provide insights into a company’s...

How To Maximise ROI on Your ERP Investment

How To Maximise ROI on Your ERP Investment

The elusive ‘competitive edge’ is always high on the list of priorities of modern businesses. Streamlining operations and maximising growth potential are important considerations, and powerful...

Key Metrics in Financial Reporting

Key Metrics in Financial Reporting

All businesses must pay close attention to financial reporting to provide an accurate snapshot of financial health. This can lead to informed data-driven decision-making and help identify areas for...

Business Tips – Preparing for a Successful Q4

Business Tips – Preparing for a Successful Q4

When it comes to quarters, Q4 can come with a lot of pressure. It starts on the first day in October, and it includes some very important dates like Black Friday, Cyber Monday and Christmas. Whether...

Pros and Cons of Spreadsheets In Your Business

Pros and Cons of Spreadsheets In Your Business

Running your small business probably involves using spreadsheets for a wide range of processes. They can be excellent tools, but did you know that there are many software solutions that offer a more...

Electronic Data Interchange (EDI) Explained

Electronic Data Interchange (EDI) Explained

Electronic Data Interchange (EDI) is the standard electronic format for intercompany communication of business documents. It replaces paper-based documents like purchase orders and invoices, and...

How AI is Changing Business

How AI is Changing Business

Artificial Intelligence (AI) is the main driving force for change in the way organisations do business in the modern world. It is transforming a multitude of sectors all around the world, having an...

The Back Office Explained

The Back Office Explained

The people we see making a success of a project or initiative do not represent the entire story. Custom-visible roles get the recognition, but it is often the work of a back-office team that makes...

10 Reasons To Replace Legacy Systems and Software

10 Reasons To Replace Legacy Systems and Software

The term ‘legacy system’ essentially refers to any outdated computing software or hardware that you are still using. These systems are usually still meeting the need they were originally designed...

How IT Can Improve Sustainability in Your Business

How IT Can Improve Sustainability in Your Business

The common belief is that IT and sustainability are not compatible. All our websites and cloud computing rests on the shoulders of substantial server farms using up huge amounts of resources. Both...

Business Guide – Responding To a Data Breach

Business Guide – Responding To a Data Breach

Securing data is becoming an essential part of the way that all organisations work, with more ways than ever of storing information and protecting it. However, data breaches are bound to occur from...

Small Business Startup Costs Explained

Small Business Startup Costs Explained

Starting a company can appear to be a daunting task, for example, many people find organising their business finances overwhelming. After all, before you earn a penny you likely need to pump...

Tips to Reduce Inventory Forecasting Errors

Tips to Reduce Inventory Forecasting Errors

As an organisation, understanding all of the stock and supplies that the business has is a must. You not only understand your own situation as accurately as possible, but that gives you a strong...

Bring Your Own Device (BYOD) Explained

Bring Your Own Device (BYOD) Explained

As data and technology are becoming more important in workplaces across the world, the trend of Bring Your Own Device (BYOD) is increasingly common. However, there are some threats stemming from...

Digital Transformation Strategy

Digital Transformation Strategy

Companies are increasingly reliant on the digital side of their work. This includes having an effective website that displays what a company does, using the right hardware and software within the...

Business Blogging Top Tips and Advice

Business Blogging Top Tips and Advice

The popularity of business blogging has risen significantly in recent years. But what many may not realise is that this is an audience-driven change, with around 70% of people preferring to find out...

What is Zero Touch Deployment and how does it work?

What is Zero Touch Deployment and how does it work?

As software development continues to evolve, the need for more efficient and reliable deployment processes has become increasingly crucial. Zero Touch Deployment is one such process that has gained...

Software Asset Management (SAM) Explained

Software Asset Management (SAM) Explained

In today's world, software is a critical component of almost every organisation's operations. It is used to manage data, communicate with clients, automate processes and perform a wide range of...

How to Secure Funding for an IT Project

How to Secure Funding for an IT Project

IT projects are becoming critical to the success of a company. Securing funding for an IT project, however, can be challenging, especially if it is not seen as a top priority by management or the...

A Guide to Creating an IT Strategy

A Guide to Creating an IT Strategy

  In today's digital age, information technology (IT) plays a crucial role in the success of any business. A well-crafted IT strategy can help organisations achieve their goals, improve...

Business Tips – How to Create a Budget

Business Tips – How to Create a Budget

As a business owner, creating a budget is an essential step in managing your finances effectively. A budget is a financial plan that outlines your expected income and expenses for a given period,...

A Business Guide to Cyber Insurance

A Business Guide to Cyber Insurance

  As cyber threats become increasingly more sophisticated and frequent, it's important for organisations to consider purchasing cyber insurance (also known as cyber liability or cyber risk...

Access Control Explained

Access Control Explained

Access control is one of the most important parts of data protection. It essentially helps to grant levels of access to users based on the credentials they give. However, you may be wondering why...

Top 11 Challenges Facing Businesses in 2023

Top 11 Challenges Facing Businesses in 2023

In the UK, businesses are having to change and adapt at a rapid pace. The impact of Brexit and the Ukrainian war on the UK economy, coupled with the rapid rise of automation and digital...

21 Business Tips for Surviving in a Recession

21 Business Tips for Surviving in a Recession

Although the expected recession may not fully come to fruition, the UK economy is predicted to be the only developed economy to shrink in 2023. As a business owner, it's crucial to prepare for the...

How To Build A Successful SaaS Business

How To Build A Successful SaaS Business

In recent years, Software as a Service (SaaS) has become a popular business model for start-ups and established companies alike. SaaS businesses offer software solutions that are delivered over the...

How To Manage Inventory – Top Tips & Advice

How To Manage Inventory – Top Tips & Advice

What is inventory management?   Inventory management is the process of keeping on top of the amount of inventory that is in your warehouse. It covers things like purchasing goods and raw...

How To Successfully Pitch Your Business to Investors

How To Successfully Pitch Your Business to Investors

If you are planning to start a business, you have likely identified an opportunity and validated your startup idea. Now you are ready to start spreading the word about your business. You need to...

Tips for Starting a Business

Tips for Starting a Business

It is a sad fact that most startups are not a success. In fact, according to Shikhar Ghosh, a senior lecturer at Harvard Business School, the failure rate of startups is as high as 30-40%. New...

How To Turn Around a Struggling Business

How To Turn Around a Struggling Business

Many businesses experience a downturn – for most, it’s part of the journey. These periods are learning opportunities that you can use to start fresh and rebuild. But it takes resilience, strength of...

Navigating Raw Material Shortages in 2023

Navigating Raw Material Shortages in 2023

The months of materials shortages during the pandemic have turned into years. There have been multiple factors that contributed to this, including the conflict in Ukraine, and manufacturers and...

10 Ways To Improve Communication In Your Business

10 Ways To Improve Communication In Your Business

Success in business is built around healthy communication. It enables everyone to get on the same page and feel that they are working together towards common goals. It also nurtures relationships...

How To Write a Business Plan

How To Write a Business Plan

What is a business plan?   A business plan is the blueprint for what your business is going to do and where you want to take it. It defines the market opportunity, identifies what will be...

How to Find Your Management Style

How to Find Your Management Style

As a manager in a business, it can be helpful to have an understanding of your management style. There are different approaches to management, and different people are better suited to different...

When is it time to hire a CEO?

When is it time to hire a CEO?

CEO is an acronym of Chief Executive Officer. Essentially, it means the head of an organisation. They are the top member of the board and, though they may not own the business, they have a high...

Guide To Preparing Your Year-End Payroll 2023

Guide To Preparing Your Year-End Payroll 2023

Payroll year end 2023 has arrived - and the HMRC deadline is the 19th April. It should involve you processing the standard week-52 or month-12 payroll plus some additional steps to close the year....

Customer Experience KPIs Explained

Customer Experience KPIs Explained

Customer experience is becoming one of the most important brand differentiators. In fact, recent data published by Forbes reported that 86% of customers are prepared to pay more if they know they...

10 Ways To Improve Cash Flow In Your Business

10 Ways To Improve Cash Flow In Your Business

Cash flow is one of the most important key performance indicators (KPIs) for virtually any business. It needs to be tracked carefully to ensure your outgoings are paid out punctually, to keep up...

Business Tips -Preparing for Year End Accounts

Business Tips -Preparing for Year End Accounts

Limited companies are required to submit financial reports when the accounting year comes to an end. They must inform HMRC and Companies House when year-end arrives, which is usually in April. This...

Supply Chain Challenges and Tips For 2023

Supply Chain Challenges and Tips For 2023

Supply chain logistics are constantly evolving, but there’s no doubt that the coronavirus pandemic caused heavy disruption on a global scale, creating major supply chain problems for businesses who...

10 Tips To Motivate Your Employees

10 Tips To Motivate Your Employees

You know you have a team of superstars. Now the pressure is on to retain them and keep them happy and motivated. Money and benefits are important for this, but you may be surprised to learn that...

How to Review Your Business Software

How to Review Your Business Software

Evaluating software can be daunting and time-consuming - it doesn't matter how many times you've done it. Over many years of implementing new systems, we have discovered a few things. You may find...

How To Set Up And Achieve Business Goals

How To Set Up And Achieve Business Goals

As you reflect on 2022, how do you feel about your business performance? Did you achieve most or all of your goals? Are you celebrating all the milestones you reached? Ready to head into 2023 with...

8 Business Trends for 2023

8 Business Trends for 2023

Most of us are ready to down tools for the Christmas break, but there are important business trends to prepare for in 2023. Many of the predicted business trends in 2023 revolve around a few things....

Preparing Your Business For An Audit

Preparing Your Business For An Audit

If you own a business, the idea of your first audit might fill you with dread. But it doesn't have to be a stressful experience and, if everything is done correctly, it can actually have various...

Working From Home Top Tips

Working From Home Top Tips

For many people, working from home is the dream. No more exhausting commutes or dealing with office politics - you can work on your own terms in peace. But working from home doesn't mean you can...

15 Tips to Grow Your Business in 2023

15 Tips to Grow Your Business in 2023

As we approach the end of 2022, business owners should be considering ways to grow and extend their business in the new year. No matter your industry, the type of business or its size, growth is...

How to Combat Rising Energy Costs in Your Business

How to Combat Rising Energy Costs in Your Business

Typically, businesses tend to pay their energy bills without paying a great deal of attention. But energy costs have soared in recent times, putting extra pressure on budgets and pushing some...

Tips for Closing Your Books Faster

Tips for Closing Your Books Faster

The modern business environment is ever-changing and companies must be agile and flexible to thrive. When it comes to finances, this often amounts to an ongoing need to rethink, re-forecast, analyse...

Tips to Grow Your Business

Tips to Grow Your Business

Overcoming the challenges of starting a business and getting on an even footing is a great achievement, but it is only the beginning. The next step is to focus on continuous improvement and aim for...

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