Fraud is one of the most heinous offenses that can be done against a business. Unfortunately, there has been an uptick in the amount of malicious fraudulent actors in the business landscape in the past two years. As reported by PwC in their Global Economic Crime and Fraud Survey 2022, 51% of surveyed organizations have
Artificial Intelligence (AI) has taken the world by storm with the advent of ChatGPT at the tail-end of 2022. However, while AI has been around for a very long time and is part and parcel of our daily lives in all sorts of ways, the mainstream consciousness toward the true potential of AI has only
Absolutely, landing a job at one of the Big Four accounting firms is often seen as a significant achievement in the field of accounting. It’s like reaching the top of the mountain for many accounting students, and understandably so. These firms—PwC, Deloitte, EY, and KPMG—have established themselves as leaders in the financial world, offering unparalleled
E-commerce has revolutionized how we do business; and for better or worse, it’s here to stay. As reported by Entrepreneur.com, being one of the fastest-growing industries in the world today, E-commerce has garnered quite a reputation for itself as an industry with a shallow bar for entry while offering substantial profit potential. Today, all you
Diversification is key to success. This principle applies not only to your product portfolio, but also to your income streams. Diversifying your income can help to mitigate risks and provide stability, which is especially important in the constantly changing world of business. Income diversification is especially important in today’s recessionary environment. Recessions can lead to
Forecasting, demand planning, supply planning, execution – sounds like a perfectly planned heist, right? Well, in the business world, it’s not about stealing but rather satisfying your customers’ cravings. And just like any successful heist, a comprehensive demand and supply planning guide is necessary to pull it off. So, let’s put on our black turtlenecks,
Entrepreneurs beware! While outsourced accounting may seem like the ultimate solution to all your accounting woes, it is not without its share of risks and dangers. Outsourced accounting has become one of the most coveted alternatives to an in-house accountant in the US. According to a 2019 report by Clutch, 37% of small businesses in
CPG companies hold the power to shape consumer behavior and preferences while constantly adapting to the ever-changing market trends and demands, making them a fascinating and dynamic force in the business world. Money makes the world go round, but for CPG companies, the insights they derive from financial analytics are driving their success. From predicting
Cyber risk management is a key function in businesses today, as almost everything to do with business information is stored in a hard drive or cloud server somewhere in the world. The accounting and finance department in particular has grown by leaps and bounds thanks to technological integrations like cloud accounting and automation, more on
Are you tired of drowning in a sea of financial paperwork while struggling to keep your business afloat in a turbulent economy? It’s time to outsource your accounting services and let the experts guide you toward a prosperous future. Discover the essential guide to outsourced accounting services and advance your business. Outsourced accounting services look