Keeping an eye on Budgets is easier than you think. Running a business is not easy. There's never enough time and often the senior team are more focussed on top line revenues than managing the costs.…
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Keeping an Eye on Budgets: Useful Resources
Business Efficiency
Ditch your invoice approvals process – its a waste of time.
Approval WorkflowsPurchase Invoices - what a waste of time. According to Levvel Research's 2019 Payables Insight Report, 80% of invoices require multiple approvals. In many companies, that means at least 3 people ne…
Purchase Approvals – The Opportunity for Accountants & Bookkeepers
Approval WorkflowsFROM KEEPING THE BOOKS TO FINANCIAL DATA ANALYST & ADVISOR For many years, ‘keeping the books’ has been a critical function for businesses, however AP professionals, bookkeepers and financial…
Running a global business from my iPad
Business EfficiencyHow things have changed... Back in the 80’s, when I was a demanding teenager, my dad went to work every day in a suit, and he went to his office. He worked there all day, doing paper work. He had a…
Supplier Rant – No more excuses, just pay me!
Automated PaymentsAn article written to Accounts Payables Teams by a frustrated supplier. For over 20 years my businesses have been suppliers to larger companies. My first business was a TV and Radio production comp…
The difference between ‘budgeting’ and ‘budget management’ – and why it matters
Business EfficiencyBy Francois Badenhorst, Business Editor, AccountingWeb According to a new guide from Zahara, there’s a big difference between ‘budgeting’ and ‘budget management’. While budgeting is often…
Half year check up: Actuals v Budget? What Budget?
Business EfficiencyHow are you performing against your half year budget? Reviewing your actual performance against the budget is prudent business practice. As we’re half way through many company’s accounting peri…
Better buying for builders and construction firms
Purchase RequisitionFor many companies in the building and construction sectors, purchasing is a pain. "We paid some sub-contractors twice for the same invoice. Our Director authorised payment of a paper invoice and t…
3 Steps to AP Efficiencies: A Benchmark Report
Accounts ApprovalsIn a recent Benchmark report from the Institute of Finance & Management (IOFM), Efficiencies were cited by Accounts Payables as their biggest challenge. Based on a 2 year study of nearly 400 A…
Take Back Control of Your Purchasing
Purchase RequisitionOperational inefficiencies are a blight on business, yet largely avoidable with some straight-forward technical interventions. The procurement process is one such business function that has potential…
Budgeting & Approvals with Andrew Van De Beek
Approval WorkflowsGreat to welcome Andrew Van De Beek to Zahara’s Bath office recently. As a speaker at Accountex, Practicing Accountant and a 2018 Accounting Thought Leader of the Year, Andrew has real insights i…
P2P – The Quick Win Fee Opportunity for Advisors
Business EfficiencyWhat is Purchase-to-Pay? What are the Pain Points & Solutions - The Quick Win Fee Opportunity for Advisors As accounting firms and advisors seek out new revenue opportunities, they need…
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