Business disruption prompting business innovation We’ve all heard the phrase, “Necessity is the mother of innovation”. And if 2020 has taught us anything, it’s that this is absolutely true. In the wake of the mass business disruption our global economy has seen recently, business leaders are experiencing this concept firsthand — witnessing as cultures evolve in response to unexpected circumstances …
Every accountant knows the pains of manually creating, reviewing, and approving all the journal entries that accumulate during the month-end close. What if you could easily simplify—or even eliminate—the repetitiveness of managing journals? BlackLine Journal Entry streamlines your workflow, enhancing controls and automation for journal approval processes. Here are five tips and tricks to simplify your journal entry process and …
Imagine your enterprise resource planning (ERP) system as a motorbike that gets your business to its goal. You would want it to get there as fast as possible, and yet be customised to your needs.To build the bike, you could assemble it part by part, which would take considerable time and effort, delaying your journey. An easier and faster solution …
Everyone looks forward to payday. But what about the days leading up to payday – those are the days in which HR dreads the most. Payroll processing typically involved numerous preparation work at the start of the month. HR has to reconcile employees’ working hours, particularly if the organisation has numerous manual labour workers in which overtime pay and fixed …
In designing compensation packages, it is imperative that HR ensure that pay levels are competitive else they may risk losing their key talent to their peers. Besides ensuring pay competitiveness, internal equity and fair pay is also crucial to ensure that employees are remunerated fairly. One way is to implement salary ranges. Salary structures and range provide guidelines for HR …
Having your team spread all around the country (or even the world in some cases) can provide your business with a notable competitive advantage. After all, not all the talent and expertise in an industry is located in a single city, region, or continent. As an added benefit, working remotely offers your employees increased flexibility, ultimately saving them time on …
As a small business owner, you want to boost your productivity to increase your profits, but affording tech productivity solutions can be challenging. The Singapore government offers financial support for those solutions through the Productivity Solutions Grant (PSG). Implemented on April 1, 2018, this program combines several previous grant schemes into one application process. A PSG covers up to 80 …
The most critical resources for any business are time and money – and saving time usually means saving money as well. Introducing cloud-based accounting tools really changes the way accounts payable are handled. By building the right app stack you can achieve higher efficiency and seamless collaboration as well as enable work on the go for all involved by eliminating …
How to transform and future-proof your business in the digital age While some sectors have been slower to innovate than others, you’d be hard-pressed to find any that’s escaped the rising tide of digital disruption. Modern technology continues to change the way we shop and work, and businesses are under constant pressure to keep up. Financial planning firms are no …
In 1943, human psychologist Abraham Malsow introduced his now famous, and often referenced, Hierarchy of Needs. In his paper “A Theory of Human Motivation”, he detailed a theory that humans are motivated to fulfill their needs in a tiered sequence- in order to move to another level of needs, the more basic needs must be satisfied. This concept is best …
