The outbreak of COVID-19 has resulted in countries around the world implementing “safer-at-home” lockdown orders. Although this appears to be the right decision for public health, the impact on business finances has been substantial. If you want to protect your business against the effects of the coronavirus pandemic, consider optimizing financial processes.
Small or Large, Any Company Can Adopt These Traits
Small businesses are amazing organizations, truly the backbone of a healthy US economy. In 2016 there were 30.7 million small businesses in the US comprising 99.9% of all firms, 33.3% of known export value, and 40.7% of private-sector payroll. In addition to this solid economic data, small businesses often promise remarkable intangible qualities: Innovation, customer centricity, quality, expertise, and flexibility, to name a few.
Qualities such as these are not exclusively or automatically endowed upon the small. They belong to the bold, a characteristic of the large and small alike, and a driver of upward mobility. (more…)
You’re leaving money on the table if you’re not measuring your company’s ability to process invoices.
Successful companies focus on optimizing things that affect their bottom line. This spans everything from products to supply chains, manufacturing processes to services, and sales metrics to company reputation. A sole focus on these major considerations may keep a company afloat but broadening the effort can reap significant rewards.