6 Common Mistakes Companies Make When Outsourcing Inventory Management

6 Common Mistakes Companies Make When Outsourcing Inventory Management

Whether it’s a small business or a big company, tracking inventory is vital. If you don’t manage your stock properly, you could lose a lot of money. In fact, businesses lost over a trillion dollars in 2014 because of inventory mistakes. Most inventory mistakes happen because of small problems in daily processes. Repeated small mistakes may point to a bigger management problem. That’s why it’s important to not fix the mistake but also find out why it keeps happening. Today,

7 Costly Risks of Invoice Factoring Every Business Must Know

Invoice factoring risk means the chance of losing money when selling unpaid invoices for quick cash. Invoice factoring means selling your unpaid invoices to a company to get quick cash. It helps improve cash flow, but you should understand the risks and use it as part of a smart money plan. These risks come from the economy, customer credit, and industry trends. Managing these risks helps factoring companies keep cash steady and grow long-term. The global invoice factoring market reached

Outsourced Finance Services vs In-House Teams Cost Breakdown

Outsourced Finance Services vs In-House Teams: Cost Breakdown

Good financial management keeps your business strong. Choosing in-house or outsourcing affects more than salaries; it impacts efficiency, growth, and savings. Managing your own accounting team may seem like the right move, but it can actually cost you more. An in-house accountant, billing clerk, and finance controller can cost up to $218,800 per year. But, outsourcing can cost $57,600 a year for the same roles saving you over 70%. Outsourcing at $10–$20/hr cuts costs and provides expert support. Many providers