Classic investment controlling in a group

Investment controlling in an international group can be exercised through reporting or cash management. The scope and governance of investment controlling defines the subsidiaries’ options and freedom of action. The investment controlling for a subsidiary tracks the strategy execution and reduces risks. Cash management for investment controlling The monitoring of cash flows in a cash… Continue reading Classic investment controlling in a group

Finance Department Organization in SME’s

In a Small-Medium Enterprise (SME) several accounting and financial-related tasks are typically headed by the Finance Manager. Whereas in large corporates these tasks are separated under different responsibilities, in SME’s these are often bundled in the Finance Department. The Finance Department of a SME is therefore often composed of these departments: Accounting, Controlling, Treasury, IT… Continue reading Finance Department Organization in SME’s

7 Reasons Why Businesses Need Structure (In The Home Office)

The element of structure is paramount for any organization, especially one that involves remote working in home offices. Essentially, organizational structure encompasses formal and informal procedures and policies that a business owner can use to govern all the operations from a home-office. However, many home-based businesses don’t actually implement working structures in their operations because… Continue reading 7 Reasons Why Businesses Need Structure (In The Home Office)

When a verbal agreement doesn’t cut it

Contracts govern nearly every aspect of day-to-day life in ways one may not even realize. From accepting the Terms and Conditions of an app on our smartphones to haggling over prices at a neighborhood yard sale, contracts are a fundamental part of modern life. We’ll explain what are the benefits of a written contract vs… Continue reading When a verbal agreement doesn’t cut it

Cloud infrastructure for businesses

Long ago, bulky computing data was a menace because it used to occupy so much space, owing to the physical facilities employed such as paper and floppy disks. Over time, many industries and companies started to seek better storage setup, and virtual internet storage (the “cloud”) was the best solution. Apart from the IT industry… Continue reading Cloud infrastructure for businesses

Why Art is Inspiring to Businesses

Almost every aspect of life is connected to art and can be explained with a few artistic features. In most business scenarios, artistic features stimulate employees to be productive. Additionally, it serves businesses on different levels, especially in connecting the workforce and the clients. With a portrait or artistic features, you can invoke some thoughts… Continue reading Why Art is Inspiring to Businesses

The Company Is Where I Am | New Workplace Concepts

According to Peter Thomson, a respected authority in the concept of future work, many organizations are still using the Industrial Age working practices to make things work in the new Information Age workplace patterns. Many of these companies operating in the new Information Age still use hierarchical command systems in an office workplace. In the… Continue reading The Company Is Where I Am | New Workplace Concepts

Optimizing invoice handling for a law firm

If a law firm wants to generate an improved cash inflow through a faster invoicing process, a simple and standardized billing process needs to be created. The optimizations should lead to a reduction of invoicing peaks and to an even billing over the year. The aim is therefore to enable a monthly billing of services… Continue reading Optimizing invoice handling for a law firm

Internal and external controls in European companies

The reliability of the financial results of a company is of great importance, as they represent an important information for financiers, banks, business partners, etc. The financial information shall reflect the true and fair view of the assets, liabilities, financial positions and profit or loss (based on the internal controls of the company) and shall… Continue reading Internal and external controls in European companies