Using trade spend wisely can boost your revenue by 20 to 40%. It won’t happen overnight, but a trade promotion can quickly make a big difference in your earnings with the right strategies. Trade spending is actually controllable. With smart planning and action, your numbers rise and your business grows. Our latest blog post lists the key strategies to make every dollar spent work harder in your next trade promotion. Let’s get started. What is Trade Spend? Trade spend is

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 AI to scale its closely-guarded innovations  How farmers are boosting crop growth with AI and more. Let’s get started. Why is AI Important in the

Financial reporting is how businesses share their financial details. Laws in many countries need it. Every business, big or small, must keep track of its finances for both inside and outside use. Add a stats Even though it can take time, financial reporting helps a company show its financial health to investors, lenders, and others. Without it, businesses would have trouble following tax laws and accounting rules. They’d miss key info on spending and the company’s performance. Companies usually do

Restaurant Inventory Management is important for success. It reduces waste and boosts profits by handling perishable food well. Restaurants often waste about 10% of their inventory. Automated systems can further reduce mistakes, saving time and costs. According to Food Waste, Last year, restaurants could have cut food waste by over 66%. Vegetables were the biggest waste, making up 11%, followed by bread at 9%, meat at 8%, and potatoes at 7%. It’s the weekend, and you and your companion get

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. Rising skill shortages and hiring costs are driving more companies to outsource. You can outsource tasks to lighten your team’s load.  The big question is:

Thinking about outsourcing your accounting but think it’s only for big companies who know the ropes? Don’t worry—you can do it too, and here’s how! Due to a lack of subject knowledge in outsourcing, many companies avoid it thinking that it is either a. complicated or b. only applies to big organizations. However, outsourcing can help improve all types of companies and businesses, regardless of size. This blog post explains how outsourcing your accounting team can be a major benefit

Many businesses find accounting outsourcing companies to be a smarter option in 2025. 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 outsourcing. In contrast, 66% gigantic businesses with more than 50 employees outsource work. To assist you in choosing the best accounting outsourcing company for your

Imagine going to get the product you have been wanting to buy for a long time from your favourite store, only for the store to tell you that the product is out of stock. Frustrating, right? Let’s suppose the next thing that you can picture is the last time you ordered goods online and you received them either too late or not as you wanted. Little incidents like these are enough to remind us how important inventory is to the

How to Measure Accounting KPIs For Startup Success KPIs refer to key performance indicators of different business campaigns that are launched to drive business growth and success. Without these performance indicators, you may not be able to measure a campaign’s performance, so they are absolutely vital in assessing the effectiveness of various business strategies. In an era where data-driven decision-making is paramount, the significance of KPIs cannot be overstated. They not only help businesses gauge their progress but also provide