In a Small-Medium Enterprise (SME) several 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 Procurement The… Continue reading Finance Department Organization in SME’s
Tag: processes
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, 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 the… Continue reading 7 Reasons Why Businesses Need Structure (In The Home Office)
Impacts of Organisational Change on Employees
Change is an inevitable necessity for any business to be able to level up. However, it is not always welcomed with open arms by employees. Fear is a natural reaction that adjustments ignites and the mystery that comes with change. The tough truth is that a business can never make take step forward without making… Continue reading Impacts of Organisational Change on Employees
Accounting Trends for International Businesses
Today’s accounting department must not only deal with the collection of financial information, but has to deal with non-financial information, controlling, IT and process topics to demonstrate that valid, meaningful data can be provided to various stakeholders. The increasing complexity should lead to more transparency, but accounting departments have to adapt to the new requirements.… Continue reading Accounting Trends for International Businesses
The DMAIC method to optimize support processes
Over the past decade, the framework conditions in nearly all industries have changed fundamentally. What at first glance looks like a global process of change is much more complex on closer analysis. Both the starting position, the direction and the extent of the necessary transformation processes in the industry are very different from region to… Continue reading The DMAIC method to optimize support processes
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