Protecting Your Business from Fraud

Steps to shield your firm from threats. Fraud costs the UK around £190 billion a year, with businesses bearing almost three quarters – £140bn – of those losses. This worrying picture is backed up by the 2019 Fraudscape report compiled by anti-fraud body Cifas, which...

How can ‘what if’ scenarios improve business performance?

Planning for and analysis of different scenarios is essential for all businesses to ensure their future success – performing ‘what if’ scenarios can help business owners to better understand each financial decision or investment. ‘What if’ scenarios can improve the...

Why Cash Flow Projections Are Essential for SMEs

Cash flow is a major headache for many businesses– if a business runs out of cash and is unable to get any funding, it will become insolvent. A business owner that focuses on profit and ignores cash flow is at higher risk of failure – by calculating your projected...

Buying or selling a business? How to stay compliant with GDPR

With just over a year since the EU General Data Protection Regulation (GDPR) came into force, there are still many in the dark as to what they can and can’t do with data, especially with those who are buying and selling businesses – it is becoming abundantly clear...

New open banking EU directive to affect bank feeds in Xero

On 14 September 2019, new requirements for authenticating online payments will be introduced in Europe as part of the Second Payment Service Directive (PSD2). The purpose of these requirements is to give you more control of your banking data and how this is used. The...

How can KPIs improve your business performance?

Key Performance Indicators (KPIs) are measurable values that show how effectively a business is realising its key objectives. How you measure the success of your business is vital to ensure you meet your overall strategic plans and objectives. Measuring KPIs helps you...