Based on the 4th quarter data of 2021, 53% of the UK’s SMEs reported a profit in the previous 12 months. However, it’s one of the lowest results in the past decade. In this article, we discuss practical strategies to help you boost profitability, so stay tuned until the end. After all, profit margins measure how well a business is doing, so it’s critical to keep them in check.

Financial data is an increasingly popular target for data theft, with three times as many cyberattacks conducted in the first quarter of 2021 than in 2019. This article will explore the importance of financial data security and what actions you can take to protect your financial information, so stay tuned until the end.

Cash flow is one of the most important tasks to get right for the financial health of any business. With effective cash flow management, companies can create a steady flow of capital to ensure that the essential needs of running an organisation are met. So, without further ado, let’s get started.

Finding the best financial solution for your growing business is a challenging task but one that leaders cannot ignore. In this article, we will outline what strategies organisations can utilise to maintain adequate finance function while scaling the business.

External financial sourcing is a complex subject to approach for small and medium enterprises. As a result of the current Covid-19 crisis, the importance of business funding has been brought to light.

Without extensive financial planning, the future of any small and medium-sized enterprise can be fragile. A cohesive plan is often difficult to achieve and requires quality data and a good measure of imagination; however, it is crucial for the overall functioning and long-term continuity of a business.

In a nutshell, financial forecasting is the process of estimating and projecting your company's future performance and trends. Financial forecasting is an important activity, whether you utilise it as part of a business plan or as a regular tool for your strategic planning.

In this article, we will examine the most common reasons why finance teams underperform - 1. Missing accounting automation, 2. Transactional accounting 3. Lack of integration - and what can be done to improve their performance. An external financial partner might be a good option for companies that are always searching for help with functions that their in-house finance department cannot perform.

Whether you are running an established small and medium-sized enterprise (SME), or you are in the early stages of forming your business, having a solid financial contingency plan is a must. Understandably, if you are just starting off with your new endeavour, you might not be necessarily thinking about developing your contingency plan — you’re all focused on growing your business.

Making a company more efficient should be a goal for every business owner. Business efficiency refers to the fundamental reduction of wasted resources used to produce output, whether the latter be physical products or services. As a result, efficiency determines how effectively a business converts inputs such as capital, labour, and materials into outputs like revenue, goods, and services.