Tag: financial management
Digital wallets are driving financial inclusion in Africa
The widespread adoption of digital wallets is transforming the global financial landscape. Africa leads this transformation with rapid growth in usage. A recent Juniper Research study reveals that over two-thirds of the global population will own a digital wallet by 2029. This shift represents a major departure from traditional payment methods. Africa showcases this trend more than any other region.
Accounting software solutions for smarter decisions
Real-time financial insights have become crucial to both big and small businesses. Advancements in accounting software technology provide up-to-the-minute information. This innovation offers enhanced decision-making, better cash flow management, and greater financial accuracy.
Partnership dispute planning – prenups for corporate divorce
In the same way that prenuptial agreements are considered a necessity for many marriages, business partnerships require meticulous planning to safeguard against the consequences of potential disputes and ensure a smooth separation if the need arises. By incorporating comprehensive shareholder agreements or Memorandums of Incorporation (MOIs), businesses can protect their interests and foster fair and equitable outcomes during unforeseen conflicts.
Enhancing resilience with analytics to drive financial precision
Global disruptions, economic uncertainty, and supply chain challenges have placed resilience at the forefront of boardroom agendas. One of the most effective ways for organisations to bolster resilience and enhance financial performance is by leveraging advanced data analytics.
Optimising accounting software selection
It is projected that the global accounting software market will grow to some R660 billion by 2033. The automation of accounting procedures and financial activities across industries has completely changed the international business landscape. In most large companies, manual data capturing processes have been relegated to the past, and it is only in the most extreme cases that these are still implemented.
Why Self-Made Businesses Are Choosing Xero for Smarter Accounting
Running a business is no easy feat, and for self-made entrepreneurs, every decision counts. Managing finances effectively can be the difference between thriving and just getting by. That’s where Xero steps in—offering cloud-based accounting software that provides business owners with the tools they need to manage their finances smarter.
Open banking for SMEs and financial management integration
Open banking and open finance are buzzwords in the financial sector that have been sparking curiosity. They are frameworks that allow authorised third-party providers (companies or services that offer financial products/services to consumers) to access financial data from banks and other institutions via secure application programming interfaces (APIs).
SME financial growth solutions – Old Mutual SMEgo empowers
Small and Medium Enterprises are the cornerstone of the global economy. The 2024 United Nations General Assembly designated June 27 as "Micro, Small, and Medium-sized Enterprises (MSMEs) Day" to raise awareness of their contributions toward achieving the United Nations Sustainable Development Goals (SDGs) - specifically SDG 8 (decent work and economic growth) and SDG 9 (industry, innovation, and infrastructure).
The role of internal controls and audit against cybercrime
Internal controls are an essential component of any financial management system. It helps your organisation retain financial integrity, meet regulatory requirements, and compile reports essential for improving the business. These processes are especially crucial in accounts payable (AP) departments to manage financial transactions and ensure that payments are authorised, accurate and properly documented.
Essential strategies for building resilience and profitability
Starting a new business is an exhilarating venture, filled with both opportunities and challenges. However, the path to success requires more than just a great idea - it demands a strategic approach, careful planning, and the ability to adapt to evolving market conditions.