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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 27.06.2023

Managing High Levels of Business Debt

An important responsibility of leaders is figuring out how to fund business operations and growth plans. 

In the best case, a business will generate enough cash for operations, growth, and shareholder dividends. However, in many cases, leaders need to borrow money for growth and, in tough times, even the operations of their businesses.

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Topics: Business Improvement, Business Planning, Debt Management, Expenses

Posted by GTC Financial on 8.04.2022

Managing Costs - Best Practices in Expense Reporting

It’s good business practice to manage expenses carefully. Even a successful, cash-rich business should be meticulous about how they’re spending money. (Often that is how they become cash-rich and successful in the first place). A business which is short of cash or is forecasting losses needs even closer oversight.

Enter the humble Expense Report, one of the tools used to manage expenses.

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Topics: Business Improvement, Accountability, Expenses

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