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Posted by GTC Financial on 19.06.2024

7 Ways to Get Better Deals from Suppliers

Sometimes business profits suffer because of spending too much with certain suppliers.

In the competitive business world, getting the best terms with suppliers improves margins and lays a foundation for long-term success. Startups and well-established entities who negotiate effectively enjoy significant cost savings and improved supplier relationships.

Here are seven ways to get better deals with suppliers:

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Topics: Business Improvement, Cash Flow, Business Resilience, Expenses, Efficiency, Optimisation

Posted by GTC Financial on 22.11.2023

Engaging a Virtual or Fractional CFO

Not all businesses need (or can afford) a full-time head of finance. But, in addition to accurate and regular financial reporting, they need a strategic view of finance, whether that means budgeting, business planning, forecasting, fundraising, financial modeling, acquiring a business and so on.

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Topics: Business Improvement, Team Development, Efficiency

Posted by GTC Financial on 6.09.2023

9 Ways to Reduce IT Costs

One expense that can grow out of control in many businesses is Information Technology (IT). Tweaking investment in IT increases performance and profitability and sometimes major cutbacks are necessary. Either way, it’s best to be systematic. Here are some ways to economise on IT spending.

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Topics: Business Planning, Technology, Efficiency

Posted by GTC Financial on 20.12.2022

Automating Your Business - 11 Focus Areas

As Accountants we like to see highly efficient businesses… because that leads to more profit, a higher valuation, and - usually - happier owners, managers, and employees!

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Topics: Business Improvement, Accountability, Efficiency

Posted by GTC Financial on 16.09.2022

5 Ways an Accounting Function Should Create Business Value

Business leaders rely on the accounting function for a variety of purposes. One of these is compliance, but leaders should have much higher expectations of their accounting function.

Let's look at how a multiskilled accounting function can provide critical support to enable the best outcomes.

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Topics: Business Evaluation, Business Improvement, Tax Planning, Debt Management, Business Continuity Planning, Cash Flow, Profit, Growth, Efficiency, Optimisation

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