Does the month-end close create late nights and spreadsheet overload for your finance team, with the pressure to reconcile accounts accurately and on time?  Traditionally, doing the close manually has been a balancing act of precision and speed, where the stakes are high, and the margin for error is slim.   This can result in team burnout and underdevelopment, as more time is needed for strategic decision-making.  But finance is changing.   Professionals now recognise balancing investment in technology and people isn’t just a nice-to-have. It’s a strategic imperat ..read more

Imagine turning your small or medium-sized enterprise (SME) into a digital fortress, immune to the cyber threats. Yes, it’s absolutely possible, and we’re here to guide you through making that vision a reality. In the digital era, cybersecurity isn’t just a buzzword. It’s your business’s backbone, ensuring its growth, reputation, and continuity. So let’s embark on a journey to simplify the complexities of cybersecurity. Transforming it from a daunting challenge into your company’s stronghold. In this article we’ll explore: Be aware of common online scams Protect your supply chain Know how to d ..read more

One of your most important accountancy practice tasks is to manage your clients and provide them with the best possible service. If you run a smaller accountancy practice or have just started up, it’s possible to manage clients with basic spreadsheet tools. Right? Wrong. In this article, we talk about why using spreadsheets could result in more work for you – and what you can use instead. Here’s what we cover: The problem with spreadsheets How to stop using spreadsheets Client reporting and metrics 3 ways KPIs can help your practice Time is priceless Download our free client meeting checkli ..read more

As a SaaS CFO, you probably think your job revolves around cash flow. And you’re NEARLY correct. You’re missing one vital word. Your role revolves around cash flow visibility. Without granular visibility into your finances, you can’t lead effectively, budget optimally, or devise subscription strategies. It’s a prerequisite for everything you do. In this post, we’ll 1) Explore why financial visibility is important in SaaS businesses and how cloud accounting is revolutionizing cash flow visibility, 2) Dive into the positive impacts of cloud accounting, and 3) Discuss how the financial blindfold ..read more

We can all agree that overspending can lead to SERIOUS personal regret. But as a SaaS CFO, careless spending puts you at risk of more than just buyer’s remorse. You could run your company into the ground if you’re not careful.  In this blog post, we’ll 1) Cover everything you need to know about managing your burn rate as a SaaS CFO, 2) Explain the difference between gross and net burn and why it’s crucial to monitor them in real time, 3) Share some practical steps you can take to minimise your burn rate. If you’re ready to embrace cost-efficient financial leadership, this post is for you ..read more

Generative artificial intelligence (AI) tools such as ChatGPT or DALL-E are still no match compared to humans when it comes to accounting. Achieving only a 47.4% in its accounting exams, it seems ChatGPT won’t be popping the prosecco after an offer from the Big 4 any time soon. That doesn’t mean AI is a write-off for the accounting profession. So, how could it be useful to an accountant today? There are plenty of tasks that go into running an efficient practice where AI could help. In this article, you’ll explore three ways AI can help carry the heavy load of running an accountancy practice an ..read more

As a small business owner, you might not be thinking much about cyber security. With all the plates you’re already spinning, this is more than understandable. But regardless of size, every business is a target because they all have vulnerabilities and something that’s of value to criminals. If you’re hit by a cyber attack, you could lose money, compromise sensitive information, your reputation could be damaged, and in some cases, you could face legal action. In this article, we provide an overview of how to strengthen your defences, so you can make it harder for threat actors (those aiming to ..read more

Artificial intelligence (AI) is revolutionising the way the accounting industry works. It’s elevating human performance by taking on the burden of repetitive but required tasks, and by accelerating analysis. But accounting is based on trust. So, companies must be totally sure that AI works accurately before they can use it to its full potential. Even the most innovative AI tool is only useful if it’s being used in the right way. And people are only comfortable transitioning work into the hands of technology if they trust it will do the job safely and competently. A recent KPMG study, for insta ..read more

There have been numerous buzzwords floating around the accountancy industry in 2023, such as automation, AI (artificial intelligence), and digital transformation. It’s clear it is developing rapidly in line with technological advancements. However, we don’t have the full picture of how these developments are affecting the industry. With daily tasks such as data entry and forecasting becoming increasingly automated, your role as an accountant will change, with you having additional time to offer more value to your clients. The challenge now is for you and your team to lean into the skills that ..read more

As a small or medium business owner, or perhaps an accountant navigating the complex terrain of fiscal policies, you’re acutely aware of how Budget announcements can ripple through the foundations of your operations. The South African Budget Speech for 2024, delivered on 21 February 2024, is no exception. With the country’s economy facing its unique set of challenges and opportunities in a critical election year, 2024’s Budget is particularly significant for businesses striving to adapt and succeed in an ever-evolving marketplace. This article aims to distill the essence of the 2024 Budget Spe ..read more