AI is the key breakthrough in the food and beverage industry. Major enterprises, agriculturalists, and vintners are already reaping great benefits from its use. In the following blog post, you’ll learn real-life advancements in the industry due to AI such as: How Colgate-Palmolive’s behind-the-scenes strategy is helping improve its net spending. How Nestle is using
Businesses can choose between nearshoring vs. offshoring to outsource work. The McKinsey report about “Offshoring: Is It a Win-Win Game?” shows that Offshoring can reduce costs by 45-55%, and up to 65-70% with process improvements. It also highlights the wage gap: $60 per hour for a U.S. software developer vs. $6 per hour in India.
Many businesses find accounting outsourcing companies to be a smarter option in 2024. It helps manage complex financial tasks, save money, and focus on growth. It is an affordable option to get expert aid quickly. According to the team stage, only one-third of small businesses in the US, with more infrequent than 50 workers, use
If you are a start-up business owner who has invested a significant amount of monetary investment, energy and time, you know how time taking small business accounting can be. In today’s changing business landscape, you want to focus on developing strategic initiatives for your business that can drive it forward rather than spending your valuable
“While they seem similar at first glance, bookkeeping and accounting are two very different mediums.” writes Laura Hennigan in her Forbes article titled, “What Is Bookkeeping? Everything You Need To Know”. Bookkeeping refers to the process of recording a company’s financial transactions on a regular basis. It is an essential process for many business functions
There comes a point in a business when hiring a remote bookkeeper becomes necessary. While managing the books may seem manageable in the beginning stages of the business, it becomes a hurdle as it grows. Especially if it starts to take a toll on your business. This blog post answers all your questions (and concerns
John Hall, a senior contributor at Forbes writes, “If You’re Serious About Scaling Your Business, Get Serious About Sales Order Automation”. By now, you, as an entrepreneur, might have a glimpse of what sales order automation is all about. However, have you truly grasped how it can benefit your business operations? In business, it is
Imagine transforming your accounting processes with a single decision- Accounts payable automation (AP Automation) While the potential loss of crucial data and the high initial cost of software might seem daunting, the long-term benefits far outweigh these challenges. In recent years, the demand for accounts payable automation has risen significantly. According to a recent report
Are you a startup owner wanting to carefully manage your funds but cannot afford a full-time CFO? A Virtual CFO can help you. In today’s times, experienced CFOs demand very high salaries and rightly so but some startups cannot accommodate them because of low budgets. A virtual CFO might be the solution any startup needs.
How to Grow an Accounting Firm Despite the Ongoing Staffing Shortage. Are you as an accounting firm dealing with the increasing difficulty of finding enough staff? Hiring and keeping employees has become really hard, leading to a shortage of accountants across the industry. Several things are responsible for this issue. The accounting profession is growing