View Understand Finance to Beat Your Business’s Pain Points

Understand Finance to Beat Your Business’s Pain Points

If you’re a business owner or entrepreneur, you’ll be familiar with the notion of pain points: problems, issues, or challenges that you and your business need to overcome to improve performance, and achieve growth. These potholes on the road to success can take many forms – operational, technical, HR, and marketing amongst them. But they…

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View Is the Skills Gap Leaving a Hole in Your Finances?

Is the Skills Gap Leaving a Hole in Your Finances?

This year seems to be the year of shortages – petrol, food, toys– when will it end? But it’s the skills shortage that has been front of mind in many UK and Irish businesses since long before the pandemic – and finance is a key area of concern in this respect. As far back as…

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View Finance as a Service: Get Grants, Access Expertise, Move Forward!

Finance as a Service: Get Grants, Access Expertise, Move Forward!

For finance teams, it hasn’t exactly been a bed of roses recently, and for businesses without an in-house finance team, it must seem like the complexities of our post-viral world have reached (and gone past) fever pitch. The pandemic, the transition to flexible working hours (is a home-schooling lunch tax-deductible?!), wage subsidy schemes, the never-ending…

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View Create agility and flexibility whilst saving costs – Insource your financial management

Create agility and flexibility whilst saving costs – Insource your financial management

An increasing number of SMEs are able to grow whilst keeping a careful eye on overheads by using the flexibility and agility of insourcing key functions such as financial management. Routine finance and accounting services such as payroll and bookkeeping are regularly outsourced, but increasingly the more commercial areas of financial management, such as the roles of…

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View How part-time FD services can benefit your company

How part-time FD services can benefit your company

Managing your finances is critical to all businesses, no matter how big or small. Juggling cash flow, sourcing funding and maximising profitability are challenges to all business owners and these are the things that a part time Finance Director can help with. This is why EFM has developed 7 key benefits around why you should…

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View In-House vs Outsourced – What’s the best option for my SME?

In-House vs Outsourced – What’s the best option for my SME?

Accounting is essential for every business, and there are many opinions on the right ways to find the services needed to stay afloat. If you’re just starting up or can see that your accounting systems need maintaining, what is the right approach? You can recruit an in-house accountant or consider hiring an outsourced specialist. The…

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View Why Profitable Businesses Go Bust

Why Profitable Businesses Go Bust

At the risk of stating the obvious, cash is the lifeblood of any business.  A business that has access to sufficient cash can survive making a loss, but a profitable business that runs out of cash when it needs to pay its’ creditors will have to cease trading.  Too many managers remain focused on generating…

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View 5 effective credit control strategies to make your sales more profitable

5 effective credit control strategies to make your sales more profitable

If you’re waiting until a payment is late to begin implementing credit control strategies, you are waiting too long. Good credit control should begin as soon as an order is placed, to help you avoid the risk of late payment and bad debt. The most critical period in the credit control process begins before the…

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