ACCOUNTING IN THE CLOUD: EMBRACING FUNCTIONALITY
Accounting programmes that operate on the cloud have been available for some time. When properly applied, these help our clients catch up to their rivals and advance their companies. Despite the many advantages of cloud-based technology, not all businesses have adopted them. Smaller and medium-sized enterprises frequently inquire about the price of the software because, in most cases, it is a recurring subscription fee rather than a one-time cost when buying off the shelf. Others are concerned by the idea that their information is out of their hands and is sitting up there in a cloud. While these worries are understandable, we’ve seen that SMB owners may entirely flip the switch by filling the knowledge gap by consulting with one of our BDO business consultants or attending training events.
SUPPLY CHAIN OPTIMISATION
Optimising a supply chain is complex and requires careful attention. Key metrics like operating costs and inventory returns guide providing low-cost products to customers while maintaining high profits. It’s important to approach optimisation long-term, making incremental changes over time. Ongoing analysis of factors like resource costs, carriers, and customer demographics is crucial. Effective optimisation is vital to business success, so prioritise it as a strategic objective and consistently evaluate and adjust operations for the best possible results.
