Key Takeaways AI is a Game Changer: AI in financial services is revolutionising how we predict and plan for financial futures. It’s about complementing human expertise with data-driven insight. The Crucial Role of Financial Professionals: Your role as business advisors, bookkeepers, and accountants is more critical than ever. Ethical Use and Transparency: While embracing AI, […]
Read More… from Helping your clients achieve better lending outcomes with AI
Starting a business is no small feat, especially when raising funds. Funding often proves to be the pivot, and without it, a great idea can quickly become just that: an idea. Investors receive numerous opportunities, so one needs a well-crafted and strategic plan to really stand out from the crowd. This guide delves into five […]
Read More… from 5 Strategies to Secure Funding for Startups: Tips and Examples
Financial data is essential for SaaS (Software as a Service) companies evaluating performance, spotting development prospects, and keeping a good bottom line. Operating with subscription-based revenue models, SaaS companies differ from conventional product-based organisations in demanding distinct financial tracking methods. For any SaaS company, performance indicators enable managers, investors, or owners to monitor its performance […]
Read More… from The Financial KPIs Every SaaS Company Should Track
Getting money to buy and store products is one key way for small and medium businesses to grow. Good planning and funding of product storage can make a big difference in how well businesses grow and last, especially for smaller UK companies. Also, small and medium businesses are vital to keeping the UK’s economy strong, […]
Read More… from 5 Inventory Financing Strategies to Accelerate Business Expansion
Though artificial intelligence (AI) has been progressively entering sectors all around, no industry has felt its impact quite like the banking sector. From automated regular operations to providing improved risk management tools and customised client experiences, artificial intelligence is transforming financial services. Using artificial intelligence, banks, insurance organisations, investment firms, and fintech startups are all […]
Read More… from How Artificial Intelligence Is Changing the Financial Sector
In today’s rapidly evolving business environment, it’s the strategic business leader who recognises the value of a well-structured business plan. Whether managing a new startup or an established enterprise, strategic planning is more crucial now than ever. The year 2025 presents fresh opportunities, advanced technologies, and innovative approaches to navigating the current market climate. At […]
Read More… from How to Create an Effective Business Plan in 2025
Some businesses make most of their money in certain seasons each year. This makes it hard for them to manage their money all year round, especially for businesses that make most of their money in summer. Places like ice cream shops, theme parks, stores, and gift shops do best during the summer months. Such businesses and […]
Read More… from How to Manage Cash Flow During Seasonal Peaks and Valleys
Efficiency today in the competitive business environment is not a luxury but a requirement. To most SMEs in the UK, handling finances often feels like a balancing act. Hundreds of spreadsheets, receipts, and invoices are always screaming for attention. Ever wondered how some businesses seem to have it under control while others struggle? It is […]
Read More… from Boosting Productivity: How Accounting Software Revolutionises Accountancy Workflows
Artificial Intelligence (AI) is changing how small and medium-sized businesses do their work. In today’s online world, AI helps businesses, big and small, get things done. These computer tools make everyday jobs easier, especially when it comes to money matters and office tasks. AI helps businesses work better by improving customer service and making office […]
Read More… from Taking the Leap with AI: A Friendly Hand to SMEs in Today’s Digital Landscape
Manual ledger entries and piles of paper receipts are things of the past. Cloud-based accounting software has completely changed the way one is used to maintain books of accounts. The digital age has transformed many industries; bookkeeping is no exception to this change. Across the UK, companies are moving away from paper-based bookkeeping to online tools […]
Read More… from Navigating the Digital Era: The Rise of Online Bookkeeping Solutions
Many companies work hard to get new customers, and that’s why Customer Lifetime Value (CLV) is such a big deal. CLV shows you exactly how much money each customer brings to your business. Let’s look deeper at CLV, why it matters, and how it helps with marketing. What is CLV? CLV (Customer Lifetime Value) is […]
Read More… from Understanding Customer Lifetime Value and Why It Matters for Your Business
“People are the heart of any business”, says Mercy, who is enthusiastic about transforming workplaces, nurturing deeper relationships, and creating environments where people thrive professionally and personally. At Pulse, we believe that fantastic leadership comes in all shapes and sizes. As part of our efforts to keep on celebrating influences within our organisation, we’re excited to shine […]
Read More… from The Power Behind Pulse: An Interview with Mercy George
Are you feeling stressed by all the numbers and complex words involved in handling your business’ finances? Think of this guide as a helpful friend walking with you through the basics of cash flow management. Whether you’ve been running a business for years or are just starting out, we’ll help make money matters easier to […]
Read More… from Demystifying Business Finance Analysis: A Comprehensive Guide for Entrepreneurs
Have you ever heard the term “cash is king”? It holds, especially in the realm of business. Cash flow analysis is your business health checkup, a tool that empowers you to track the amount of cash entering and leaving your company. It’s significant because it provides real-time snapshots of your company’s financial health beyond profit. Profit is […]
Read More… from Mastering Cash Flow Analysis: The Key to Your Business’s Stability and Growth
As technology evolves in financial markets, it’s hard to imagine the days of financial planning and portfolio management without spreadsheet software, charting software, and other tools that are de rigueur now. Research by Financial Planning in 2021 revealed that 93% of financial advisors admitted to technology as playing either a critical or very important role […]
Read More… from The Power of Financial Advisory Tools in Business Planning
October marks Black History Month, and 2024’s theme revolves around Reclaiming Narratives. This theme is centred around taking ownership of the stories that define what it means to be black in the UK. We’re proud to place the spotlight on our Growth Strategy Manager, Andre Paez-Taiwo. Andre shares his experiences as a person of colour […]
Read More… from The Power Behind Pulse: An Interview with Andre Paez-Taiwo
Small and medium enterprises (SMEs) often face money problems like late payments from customers, high running costs, and income that goes up and down with the seasons. However, using the proper techniques, you can boldly navigate your business through these financial waters. This article will give you high-level strategies to control cash flow that will […]
Read More… from Navigating the current: Mastering cash flow management for SMEs
For any business to succeed, a solid financial model must be developed. The firm’s operations will be guided by the financial model or plan. Recurring revenue, basic costs, lost customers, and other things must be considered. This article will detail how a software company can build a strong financial plan. In 2023, the UK SaaS […]
Read More… from How to Build a Scalable Financial Plan for Your SaaS Business
Many accountants, financial analysts, and business people often handle loads of data on a daily basis. So, how can we convert these dry numerical figures into a compelling story for the non-financial professional? The solution for the accountant lies within data storytelling. Today, we embarked upon an adventure in the world of data storytelling. Why […]
Read More… from Crafting Captivating Narratives for SME Clients – A Guide for Accountants
Keeping a tight grip on expenses can feel like navigating a maze. One unexpected pothole can lead to budget leaks, draining resources and stunting growth. Pulse data analytics offers hope by allowing businesses to unearth these spending leaks efficiently, leading to improved financial management and growth. In this article, we will explore budget variance analysis, […]
Read More… from Budget vs. Actual: Leveraging Data to Pinpoint Spending Leaks in Your SME
Ever think that your income statement can do much more for your business? For most SMEs, financial reports seem to be just something done as a routine, but there lies within those numbers pure gold waiting to be unearthed. Unlock the full potential of your SME’s income statement only when you rise beyond the surface […]
Read More… from Maximising your SME’s Income Statement: Unveiling Hidden Gems by Leveraging Pulse
Ensuring competitiveness in the contemporary business environment is indeed challenging. It is prudent to keep abreast of innovative and changing industry standards to remain ahead of the market. Do you feel you are up for the challenge? Keeping on the edge of the curve is very important in SMEs’ pursuit of success. One such powerful […]
The finance sector is dynamic and currently experiencing a transformation driven by AI and machine learning. You can either seek opportunity amidst adversity or get left behind. CFOs must navigate these challenges and keep up with the latest trends. Competition is fierce, and slow-moving people will lose out. We will delve into major trends that […]
Customer segmentation is not a buzzword in business but a critical strategy that small and medium-sized enterprises (SMEs) should use to maximise profit. Dividing your clientele into distinct groups of various characteristics makes marketing more successful and increases sales and revenues. However, when financial data comes into the scenario, the segmentation becomes even more powerful, and you will […]
Businesses no longer win by the size of their wallets but by the speed of their decisions. This quote sums up a critical shift in modern business strategy. Imagine running your business without waiting for month-end reports, being able to change tactics on the fly, and knowing where you stand financially in real-time. Using live […]
Read More… from How Real-Time Financial Data Shapes Modern Business Strategies
The idea of financial intelligence for small businesses means more than just ‘crunching the right numbers’; it encompasses several key facets that business owners or their advisors should have a solid grasp of to ensure their decisions are the right ones for growth. The accelerated development of Financial Technology (Fintech) has opened up avenues for […]
Introduction SWOT analysis originated in the 1960s when Albert Humphrey of Stanford Research Institute investigated why corporate planning often underperformed. His work led to SWOT analysis, a strategic planning tool still used today. It endures due to its effective approach to examining internal and external factors affecting business success. This guide explores SWOT analysis, equipping […]
Read More… from Understanding the Power of SWOT Analysis for Strategic Growth
Trading in the UK has been steadily recovering to pre-pandemic levels. Business statistics show that in the same period, the number of SMEs plummeted to its lowest level since 2016. This recovery phase shows entrepreneurs’ resilience while emphasising the need for new businesses to focus on financial basics. It also underscores the importance of managing […]
Read More… from Navigating Financial Stability: Mastering Your Business’s Cash Runway
Understanding and managing the ebbs and flows of finances is rarely the forte of an entrepreneur with big dreams, nor of an established business director. This is why so many hire finance professionals to help them along the way, and it is also why mastering cash flow has always been recognised as crucial for the […]
Read More… from Cash Flow Mastery: Techniques for SMEs to Stay Solvent and Profitable
Regular financial check-ups should be considered part of practice for any business seeking to maintain its financial stability. Routine evaluations can help ensure that companies do not struggle to meet their financial responsibilities and hopefully surpass them. Problems could be identified early through a check-up, and action taken ahead of time to deal with them […]
Read More… from From Surviving to Thriving: Techniques for Regular Financial Check-Ups in 2024
Businesses have become aware of the importance of debt and credit in maintaining financial stability and success. It reflects the liquidity position of a firm concerning meeting its short-term obligations, as represented by the debtors/creditors ratio. We will examine the significance of the debtors/creditors ratio in financial management and operational strategy. This includes exploring methods to […]
Read More… from Boosting Business Resilience through Debtors/Creditors Ratio Management
For SMEs, the challenge often lies in managing workflows efficiently. Juggling various tasks, from customer service to inventory management, can be a daunting feat. This is where Generative AI comes into play. It is a tech wonder that has been gaining popularity for its capacity to change the way businesses work. But what is it exactly, […]
Read More… from How Can SMEs Leverage Generative AI to Improve Workflows?
Small businesses must overcome numerous hurdles to become truly sustainable and successful. The slightest competitive advantage could make the difference between success and failure in the unforgiving business landscape. In this regard, AI and machine learning have immense potential to catalyse growth and arm SMEs with that much-needed edge. AI and machine learning were considered […]
Whether it is open-source bookkeeping or proprietary, the transition to system automation has progressed significantly within the past few years, marking a pivotal shift in financial management, where precision and speed have become the new norms. This successful evolution from traditional methods of manual entry to advanced, software-driven processes has completely redefined the essence of bookkeeping. […]
Read More… from A Guide to Bookkeeping Automation for Businesses and Accountants
Before the advent of financial technology (fintech), traditional accountancy roles focused primarily on manual data entry and record-keeping, which was time-consuming and not without risk. The frequency at which an accountant could give advice to their clients was also restricted to monthly, quarterly, or even yearly financial statements, leaving large periods during which lucrative opportunities […]
Read More… from Empowering Accountants with Fintech: From Data Entry to Strategic Advisory
With the advent of modern fintech, financial management has seen a profound transformation. The integration of Artificial Intelligence (AI) and Machine Learning (ML) into financial platforms and tools has reshaped how businesses can approach their cash flow analysis and other metrics that lead to improved cash flow. The shift from traditional methods has not just […]
Read More… from The Future of Financial Management: How Fintech is Reshaping Cash Flow Analysis
SMEs are more than just job creators. They are the prime force behind economic growth and innovation. In fact, the International Labour Organisation estimated that SMEs contribute more than 50% of GDP in most of the Organisation for Economic Co-operation and Development (OECD) countries. However, in some OECD countries, they account for as much as […]
Read More… from How Do AI Tools Like Pulse Help SMEs Access Alternative Funding Options?
Imagine a workplace where you interact with really smart machines and systems that help you achieve work-related tasks and goals. This is what Artificial Intelligence (AI) can bring to you and your business. In this Fintech CEO entry, innovative computational ways AI is enhancing how employees work in SMEs. Automation and Routine Tasks Routine tasks […]
Read More… from How AI Is Transforming the Future of Work in Fintech
Measuring a business’s success can be done in many ways. One useful method is to check the business’s cash flow. Looking at cash flow can give important information to help businesses grow when things are stable or handle tough times. Deconstructing Cash Flow Analysis Cash flow analysis tracks money coming into and going out of […]
Read More… from Cash Flow Analysis: The Secret Weapon for Business Stability and Growth
The fintech revolution has dramatically reshaped how we view and interact with financial services. Payments were made simple, lending transformed only to mark the burgeoning of fintech from a niche sector into one of the central players in global finance. Amidst this rapidly shifting landscape, traditional banks now face an extremely competitive market with agile […]
Artificial intelligence is crucial in the world of accounting, particularly in mergers and acquisitions. Just imagine yourself as an accountant dealing with a very complex M&A process with lots of data and tight deadlines. AI can help sort this out quickly and provide useful insights. We engage with AJ Chambers on how AI is enhancing […]
Read More… from The Role of AI in Streamlining Mergers and Acquisitions in Accounting
How Will AI Impact Recruitment in 2024? New Research by Pulse Provides Unique Insights: A quarter of UK small businesses will replace some employees with AI in the next 12 months Almost half of all small businesses are intending to hire people with AI skills in 2024 58% of small businesses are already using AI […]
Evaluating your business performance is critical; you’ve most certainly heard this phrase before. How do you align your business goals and analyse business performance? The secret lies in harnessing metrics to your advantage. While this may sound simple enough, many businesses struggle with metrics. Questions like which metrics to consider, how to measure them and […]
Read More… from The Secret to Actionable and Effective Metrics
Data often contains a lot of untapped potential. It can be grossly underutilised without the appropriate tools to extract this value. This utilisation in itself can put any business at a disadvantage. The question is how to extract insightful and actionable insights from your data. The answer lies in embracing real-time business data analytics. We’ll […]
Read More… from Why Real-Time Business Data Analytics Are Imperative for Your SME
Scaling a fintech business involves more than just growth; it’s about navigating opportunities and challenges in a dynamic market environment. In fact, did you know that the global fintech market is expected to grow at an annual rate of 24% between 2021 and 2026? This explosive growth poses an unprecedented opportunity for scaling up fintech […]
Read More… from Essential Tips for Scaling a Fintech Business in 2024
Change is the only constant; the same holds true for accounting. The traditional days of sifting through stacks of files and old ledgers are gone. Open Accounting is revolutionising accounting with automation, efficiency, transparency and real-time insights. Financial operations are being transformed with the advent of new technology. Change is often hard, and like any […]
Read More… from Challenges & Opportunities of Open Accounting for SMBs
Data visualisation is evolving rapidly as we head into 2025. AI is transforming how we present and understand data, turning complex information into clear, engaging visual stories. Going forward, I’ll explore how AI makes data more accessible to understand and use. I’ll look at the increasing prevalence of real-time visualisation, dissect the impact of dynamic […]
Read More… from 7 Data Visualisation AI trends we can expect in 2025 and beyond
Today’s businesses operate in a complex market environment that offers opportunities while presenting significant competition. In demanding fields like finance, differentiating oneself and making a lasting impression is important. Efficiency has become crucial for long-term business success, as it helps companies streamline operations, minimise errors, and adapt to changing situations. In the current business landscape, […]
Read More… from Efficiency Unleashed: How Accounting Tools Are Revolutionising Business Operations
The finance industry has been evolving constantly over the years. Previously relying more on personal interactions and traditional practices, the sector is undergoing a rapid evolution with the introduction of technology. Financial data has become increasingly critical, owing to its utility and importance when used in tandem with tech-driven solutions. Data is utilised in formulating […]
Read More… from From Insight to Action: Transforming Financial Data with Advisory Technology
Did you know the UK Government’s ‘Making Tax Digital’ has officially phased out the old pen-and-paper routine? Now, businesses earning more than £85k file their tax returns online, and many more companies are joining the bandwagon, thanks to the numerous benefits of cloud accounting. Even if you haven’t crossed that threshold, many businesses have already […]
Read More… from Which Accounting Software is Right for You in 2024?
Knowing how well your business is doing with money isn’t just about looking at numbers on paper. It’s about seeing what chances you might have in the future, avoiding problems, and making sure your business stays strong. Financial analysis helps with this. It involves looking closely at all the money coming in and going out […]
Read More… from The Role of Business Finance Analysis in Strategic Planning
Digital change is all around us, and super-apps are a big part of it. They’re like having one tool that does many jobs instead of many separate tools. But they’re not used the same way everywhere. I run a UK company that helps people borrow money; I’ll share what I’ve seen concerning super-apps and tell […]
Read More… from Exploring Super-Apps: A FinTech Lending Perspective for Maximising ROI
Regardless of whether you are an entrepreneur knitting woolly hats to sell on the side, squeezing your own orange juice to take to the marketplace, or you run a 5-star hotel and take millions in monthly turnover, the equation to determine your gross profit margin does not change, nor do the insights you can gain […]
Read More… from How to Calculate Gross Profit Margin and Why it Matters For Your Business
To succeed in business over time, you need to understand your finances and think ahead. Pulse is a tool that helps you see how to grow your business. By examining your financial information closely, you can discover new opportunities and make wiser decisions. This careful look at your finances can help your business grow very […]
Read More… from Unlock Success: The Power of Accounting Insights for Business Growth
Any accountant knows that business owners must keep accounting records current; however, it’s more than balancing your income and expenses. Accounting helps track income and expenses and enforces laws while offering key accounting insights into strategic decisions on financial health. It also provides investors, management and government clarity with quantitative financial information. Here is a […]
Read More… from Data to Decisions: Harnessing Accounting Insights for Business Advantage
What is Lending 3.0? Lending 3.0 describes how real-time data has transformed the lenders’ and borrowers’ interactions and transactions. Real-time data refers to information that’s collected, processed, and delivered right away or almost instantly, such as bank transactions, credit scores, social media activity, online behaviour, and many more. Due to real-time data, lenders can make […]
Read More… from Lending 3.0 – How real-time data has transformed the face of finance
The Data Dilemma Organisations amass thousands of data points, but most of this data is only useful when represented in a way that delivers actionable insight. According to Forrester, 60-73% of all data within an enterprise goes unused for analytics. Consequently, most SMEs are losing out on very important insights that could be used to […]
Read More… from How can AI and Machine Learning tools make financial data useful?
Wondering what the top-notch accounting software options are? What features set them apart? Do they guarantee efficiency and reliability? Feeling overwhelmed trying to find the best accounting software for your SME business? You are in the right place! We’ve got all the answers to your questions in this article and have done the hard work […]
Read More… from Streamline Success: The Essential Guide to Accounting Software for Accountants
Understanding and managing cash flow is crucial for any small to medium-sized enterprise (SME). We will take you through effective cash flow strategies with objectives that can mean the difference between success and failure in business. This article demystifies cash flow analysis and points out the importance of providing actionable strategies to help SMEs achieve […]
When distinguishing successful SMEs from those that go under, luck or talent doesn’t play much of a role. Instead, it would be best if you looked at factors like planning ahead, adapting to change and management. In this blog, we explore eight of the most important factors that can determine success or failure for an […]
So, what exactly is forecasting? Simply put, it’s generally about real-time data that provides up-to-date predictions about future trends. We live in an era where instant answers are the norm. Just think about how quickly you get weather updates on your smartphone or how fast your favourite streaming OTT (over the top) platforms recommends new shows […]
Read More… from Navigating Uncertainty: Harnessing the Power of Financial Forecasting Tools
To excel in financial benchmarking for your business, driving strategic growth is essential to unlocking insights that drive business performance and excellence to the road of business that illuminate the performance that requires more than intuition. You may wonder what financial benchmarking is and why it is essential for businesses. What metrics should companies focus […]
Read More… from The Power of Comparison by Leveraging Financial Benchmarking for Business Excellence
Imagine having complete clarity about every dollar flowing through your business—no more guesswork or hidden surprises. This isn’t just a dream—it’s the transformative power of open bookkeeping. As consumers and SMEs seek greater transparency and control over their financial decisions, open bookkeeping is emerging as a game-changer. Let us understand their perspectives, which might reveal […]
Read More… from Unlocking Financial Transparency: The Power of Open Bookkeeping
Let’s discuss some accounting that can transform your journey through Pulse accounting software. Have you ever struggled with the hectic task of feeding manual data and calculating? Many businesses need help with expense tracking, generating meaningful reports, and integrating various systems effectively, leading to inefficiencies and wasted resources. Accounting software has significantly boosted efficiency in […]
Read More… from Unlocking Efficiency with The Ultimate Guide to Pulse
“The future of accounting lies in leveraging technology to deliver real-time financial insights, enabling businesses to make more informed and agile decisions.” – Sue Almond, Global Head of Assurance at Grant Thornton International Ltd With automation now more accessible, the accounting industry is right at the frontier in leading an automatic revolution. Based on a […]
Read More… from The Role of Accounting Tools in Financial Management
In our previous article, we explained the common issues and benefits of utilising accounting benefits from spreadsheets transitioning into digital accounting software. The dynamics of traditional manual bookkeeping to cloud-based systems represents a significant transformation for businesses looking to streamline their financial operations in today’s fast-paced digital landscape. Along with increasing efficiency, this shift gives […]
Read More… from How Cloud-Driven Bookkeeping Transforms Modern Business in Finance
We understand that planning finances and implementing strategies can be overwhelming, but it is crucial to maintain the fiscal health of your business to expand and thrive in the industry. Our previous guide explained the basics of demystifying cash flow for financial clarity. Have you ever been perplexed by financial challenges like cash flow management […]
Read More… from Mastering Financial Health and Strategies for Effective Business Finance Analysis
According to 6Wresearch, the UK Accounting Software market is likely to grow during 2022-28. This growth is driven by the increasing demand from small and medium-sized businesses (SMBs) and multinational corporations (MNCs) for robust and affordable accounting solutions. Getting back on this piece for our fellow number crunchers and financial wizards! Are you an accountant […]
Read More… from A Comprehensive Overview of Accounting Software for Accountants
In today’s cutthroat business world, do you know where your business stands among industry giants? Are you aware of the metrics that truly measure your financial health against your competitors? Financial Benchmarking isn’t just about numbers—it’s about leveraging them to pinpoint growth opportunities and fine-tune your strategies for maximum efficiency and profitability. Financial Benchmarking is […]
Read More… from Role of Financial Benchmarking in Business Growth
We have come a long way in understanding the goal of cash flow analysis. You can learn more about mastering it and how to use it, and many of you are here for the first time and want to learn the basics. Let’s get started with what cash flow analysis is. As you all know, […]
Read More… from Demystifying Cash Flow Analysis: Your Ultimate Guide to Financial Clarity
To understand the dynamics of accounting, it is vital to know that the business you own runs on decision-making and strategies encouraging the growth and expansion of your company; it is crucial to anchor data-driven insight and harness the power of accounting. For small-medium enterprises (SMEs), this shift from traditional booking keeping to an accounting […]
Read More… from Beyond The Numbers: How Accounting Strategy Drives Decision-Making
Ever wondered how online tools are changing the world of accounting? Curious about the benefits for your business or practice? and what about keeping your online data safe from cyber-attacks? Let’s explore all this together in this article. Accounting professionals and advisors increasingly make use of Pulse, which brings you crafted technology that improves efficiency, […]
Read More… from The Future of Accounting: Exploring the Benefits of Pulse
Transforming through generation accounting has changed from old-fashioned spreadsheets to a cloud-based accounting interface. Modernisation in accounting has taken a big step towards making your work easier, data accurate and ready for growth. As your business aims for the dynamic business environment, financing data in a sophisticated manner, this modification not only makes complex tasks […]
Read More… from From Spreadsheets to Success: Transitioning to Digital Accounting Software
Data is the new currency of mergers and acquisitions (M&A), and for small to medium-sized enterprises (SMEs), harnessing this power is the key to unlocking greater value and opportunity. Yet, navigating the complex world of M&A can be a daunting task for many business owners. That’s why we’re thrilled to announce a game-changing partnership between […]
Read More… from Pulse and M&A Chambers Join Forces: Empowering SMEs in the M&A Landscape
Future-proofing anything, be it for business or life, requires preparing correctly and focusing on the things that will most effectively achieve your unique goals. In recent years, accounting practices have been moving more towards technology to accomplish bookkeeping tasks. Since the advent of fintechs in 2018, they have had unprecedented opportunities through the utilisation of […]
Read More… from How Can You Future-Proof Your Accounting Practice in 2024?
Open banking has been responsible for an entire revolution in the financial sector, forcing traditional banks to embrace financial technology (fintech) and persuading investors and the public that the sharing of sensitive information does not come with all the imagined risks that were once touted about it. Despite a recent stagnation in global fintech investments […]
Read More… from The Future is Open Banking: Empowering SMEs with Seamless Financial Management
Disruptions in business operations can lead to serious financial losses if they are not addressed quickly, and as a result of not being adequately prepared, many entrepreneurs have found themselves on the receiving end of operation issues that have been costly. One Datacore survey highlighted that an enormous 54% of businesses they spoke to had […]
Read More… from The Importance of Contingency Planning in 2024
Everyone makes mistakes in life; it’s the only way to really learn, and it’s no different in business. For startups and SMEs, some mistakes can be extremely costly and will almost always be related to cash flow, whether it is due to a lack of it or cost. Below, we will discuss some common mistakes […]
Read More… from Understanding Cash Flow: 9 Mistakes and How to Avoid Them
We all witnessed the digital transformation in the financial sector right about the time that mobile technology started reshaping consumer expectations. Everybody became a bit more aware and got a bit more needy, triggering a demand that paved the way for an array of technological innovations. Traditional banking did not go under this radar and […]
Read More… from Digital Transformation in Lending: Should I buy or build?
As the advancements of Financial Technology (Fintech) continue to reshape the finance sector, advisory services are becoming increasingly relevant for finance firms seeking to adapt and thrive. This modern shift from compliance positions to active advisory has been presenting new opportunities for accountants and financial advisors who are looking to bring added value to their […]
Read More… from How to sell your clients on Advisory Services
The interest in developing and investing in Financial Technology (Fintech) essentially rose out of the ashes of the 2008 global financial crisis, when trust in traditional banking plummeted to an all time low. This period, where almost everyone but the bankers suffered, prompted businesses and individuals to seek a more transparent, efficient, and secure method […]
Read More… from Fintech Tools and What Pulse Means for Business in 2024
So, what exactly is real-time data? To put it simply, information that is updated instantly. As individuals or consumers, we have set expectations to get answers within a split second, when you google search, when you’re looking for directions on Google Maps. We’ve come to expect it in real-time. Every day, we as consumers type […]
The importance of financial insights in driving strategic decisions for SMEs has become increasingly apparent in the modern day’s data-driven economy. With the right tools, data can be pulled from anywhere, and with Financial Technology, or Fintech, accurate and actionable insights can be harvested and used to effectively navigate the complexities of any and all […]
Read More… from Capitalising on Small Business Financial Insights to Seize Opportunities
The concept of cloud accounting has proven to be a transformative force in the financial sector, and has been growing rapidly, particularly within the past five years as Artificial Intelligence (AI) and Machine Learning (ML) technologies have advanced alongside financial technology (Fintech). By shifting management to the cloud, both businesses and accountants have been able […]
Read More… from Embracing Future Fintech: How Cloud Accounting is Transforming Strategy and Security
The concept of data visualisation in accounting is not just to try and make confusing numbers and metrics visually appealing to consumers. The pursuit of developing Fintech tools that can achieve this has been for the purpose of turning raw numbers, regardless of scale, into an easily graspable narrative that aims to guide strategic decision-making. […]
Read More… from Data Visualisation in Accounting: Beyond the Numbers
Since going mainstream in recent years, the widespread adoption of Open Banking and Open Accounting software has greatly transformed the accessibility of financial data, as well as improving the ways it is analysed. These advancements have provided both businesses and their financial advisors with transparency and control in the way that data is exchanged and […]
Read More… from Revolutionising Finance: How Open Banking and Accounting Tools Empower Accountants
Cash flow forecasting is utilised by business owners and finance professionals as a fundamental tool to anticipate monetary opportunities or hurdles, with the aim of providing modern businesses positive results in their financial operations. It aids in creating an accurate, relevant, and predictive financial model that not only helps business owners maintain a stable cash […]
Read More… from Understanding the Critical Role of Cash Flow Forecasting for Your Advisors
Recent years have seen many innovations improving the way the finance sector performs, with financial technology (FinTech) leading the way in providing new tools for accountants to improve their services. Fintech has successfully brought accounting professionals into the modern era, simplifying and automating much of their day-to-day work, and freeing them up to focus on […]
Read More… from Mastering The Art of Client Communication for Accountants in 2024
Ever since Open Banking was given the go-ahead in 2017, UK businesses have seen a pivotal shift in the financial ecosystem, with new and successful approaches to transparency, accessibility, and innovation in the management of financial data being achieved. This transformative approach has allowed businesses and professional individuals to handle their own financial information like […]
Read More… from The Safe Integration of Open Banking for Cash Flow Analysis
As we move further into the age of Artificial Intelligence and Machine Learning, the opportunities available to businesses across all industries continues to grow. With it, business analytics and financial management are undergoing profound transformations. Advancing fintech is enhancing the capabilities of how businesses forecast their growth and manage operations, from single metrics like understanding […]
Read More… from Unlocking Future Growth Opportunities Through Turnover Trend Analysis
Since the rise of cloud accounting in the early 2010’s, the business world has seen an increasingly large movement towards digital platforms, especially for financial tasks where enormous amounts of data are constantly on the move. The inevitability of this complete shift has been accelerated by the movement towards remote work, and a need to […]
Read More… from Securing the Future with Cloud Accounting Innovations
The past few years have seen seismic shifts affecting the global workforce. Statistics from the UK Government alone reveal that during the Covid pandemic almost 50% of the nation’s workforce was working from home in one capacity or another. These lingering changes to business dynamics brought new and unique challenges in how businesses managed and […]
Read More… from Navigating Workforce Changes: How Data Dashboards Inform Crucial Decisions
The success of a startup often depends on its ability to secure funding, with the UK Telegraph reporting that over 60% of UK startups fail within the first three years of business due to them running out of cash. This reality places a great value on the capability of entrepreneurs to create informed, realistic financial […]
Read More… from Crafting Financial Models That Make Venture Capitalists Take Notice
Let’s dive into our discussion about end-of-year financial planning, a time when we all look to wrap things up neatly and set the stage for a prosperous year ahead. In recent years, we’ve seen a seismic shift in the financial landscape, haven’t we? The advent of fintech innovations, especially the rise of artificial intelligence and […]
Read More… from Navigating End-of-Year Finances with Cutting-Edge Fintech
We all know the feeling of focusing on a task, finding a problem with the task, then trying to solve the problem of that task, inadvertently creating a new task, focusing on that and finding a new problem with the new task! Sometimes it can send you on a wild goose chase when you should […]
Read More… from Work hacks every accountant should know to work more efficiently
In recent times, the digital tide has been reshaping the way businesses operate and compete. Right at the heart of this digital tide is Artificial Intelligence (AI), a tool now virtually synonymous with innovation and staying ahead in the game. But here’s the kicker – it’s not just the big players who are in on […]
Read More… from Embracing the Digital Wave: Opportunities and Challenges of Implementing AI in SMEs
Keeping yourself and your team goal driven is a great way to maintain motivation, especially when you keep reaching those goals, reaping the rewards of the hard work, and moving forward onto the next objective with a positive mindset. Through SMART objectives – Specific, Measurable, Achievable, Relevant, and Time bound – and using the right […]
Read More… from How to use Pulse to set SMART objectives for your business
Throughout the course of the last century, the world’s business landscape has continued to shift, often dramatically. The fall of once believed unstoppable operations like the fax machine industry, or local family owned grocery stores, as well as giant names like Toys’R’Us in more recent years, are all prime examples of this. Despite technological advancements […]
Read More… from How to Present Financial Data to Different Audiences
In the rapidly evolving business sector, staying abreast of insightful trends and innovations is vital. Recognising this, the recent ‘Unlocking Pulse’s Potential’ webinar served as a knowledge hub, offering a rich platform where professionals gathered to explore the emerging facets of the mergers and acquisitions (M&A) sector. The event featured the renowned industry expert, James […]
Read More… from Webinar Wisdom in Writing: Recapping Pulse Mastery with James Gosling
Key performance indicators, or KPIs, are metrics that help businesses measure their progress towards goals and objectives. While the thought of focusing on and measuring performance indicators may not seem like a novel concept in the modern year, it was not until the early 90’s, thanks to the work of names like Peter Drucker, that […]
Read More… from What are KPIs and how can your business use them in 2024?
How often do you sit down at your desk, take a look at your emails, glimpse over your workload, and just sigh to yourself, wondering where to start with it all? Business owners, do you ever find yourself breaking into deep sweats at the sight of your cash flow forecast, wondering where all your project […]
Read More… from Choosing the Right Business Forecasting Tools in 2024
The success of any accountancy firm depends on its ability to bolster its profile, and a key aspect of this involves expanding its workforce. As anyone who has managed a team would know, finding the right candidates for accounting is a challenging and time-consuming process. What’s more, the rapid pace of technological advancements and demand […]
Read More… from How can your accountancy firm hire and expand successfully?
Every company, regardless of its size or trading status, needs to have a set of accounts which detail information relating to its finances. Company accounts consist of a set of financial documents and are required to be submitted by law each year to Companies House. Businesses also need to file their corporation tax return to […]
Read More… from An expert guide to understanding your Company Accounts
Chances are that you’ve heard of the term ‘Open Banking’, and you might have even begun to use this relatively new model of business-solution banking across your company, taking advantage of the benefits that it offers. But there’s an even newer kid on the block when it comes to business finances – Open Accounting. Similar […]
Read More… from Introducing Open Accounting: Your business’s new best friend
Have you heard of ‘Open Banking’? It could be something you’ve come across more recently as a business or as an individual consumer in your own right. No matter how you were first introduced to Open Banking, it’s arguably one of the biggest changes in UK retail banking for some time. But what exactly does […]
Read More… from Open Banking: What is it and how can it help your business?
Do you run a small business? If so, you’ll no doubt be aware of all the tasks of which you need to keep on top. The problem is that it can sometimes distract from the important things on which you should be focusing. Instead of concentrating on what you do best, you may get tied […]
One of the most important things that you must do as a business owner is keep track of your financial situation. Even in the good times, it’s sensible to be aware of where every penny and pound is tied up. This isn’t just about making sure you can cover any unexpected bumps in the road, […]
Read More… from Debtors vs. Creditors: What’s the difference?
There are several documents that are important for understanding your business’ financial position and outlook. Among them is your profit and loss account, also known as your profit and loss statement or sheet. Whatever you prefer to call it, knowing how to create, maintain and read one is great for understanding where your business is […]
As a small business owner, you can’t rely on feelings to gauge your business performance. You need reliable data. But understanding the myriad of metrics and jargon can be challenging, especially when many are so closely related.Business turnover is one such number. Commonly confused with profit, it’s one of the key markers that can help […]
Read More… from Business ‘turnover’ explained (without the mind-boggling jargon!)
One thing you can’t avoid when running a business is the need to spend money to make money. Staff, premises, supplies and more – there are plenty of outgoings to be weighed up with your incomings. It’s great news when more is coming in than going out. It means you’re turning in a profit. For […]
Read More… from Understanding your gross margin is essential – here’s why!
