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Failure to recognise the need for commercial and strategic advice beyond compliance can be crippling for many SME’s

July 21, 2017
Many Australian business owners are frustrated at not reaching their growth targets because they haven’t identified the need to transition from an accountant providing basic tax compliance advice to a business advisor who can help implement the right growth and profit strategies, according to RSM Australia.  Andy Graham, managing partner, Brisbane, RSM Australia, said, “Many smaller businesses...

Businesses under threat – how to protect your company and your employees

July 13, 2017
Businesses under threat – how to protect your company and your employees How liable are business owners when it comes to protecting their business from security risks? Whether they are big or small organisations, owners are oblivious to their responsibilities of implementing preventative measures and countering potential damage to their assets and employees. In extreme cases this can even mean...

Duty of care for travelling employees is a legal obligation

July 12, 2017
Many companies are unaware that they have a legal obligation to fulfil their duty of care responsibilities for travelling employees, according to Concur. Regardless of the business size and location, businesses are legally required to monitor employees and to provide proactive communication with employees during crisis events. Matt Goss, Managing Director, Concur Australia & New Zealand said...

Preparation key for SMEs planning a holiday from their business

July 11, 2017
Preparation key for SMEs planning a holiday from their business Having the freedom to enjoy a work/life balance is one of the key drivers for people starting their own business. Ironically, a 2015 study by accounting software company Xero found that over half of those small business owners surveyed said they had not taken a holiday in over a year. The major reasons cited by SMEs for not taking...

Four key technology areas to review to get the new financial year off to a good start

July 10, 2017
Four key technology areas to review to get the new financial year off to a good start A new financial year is a perfect time for businesses to review key parts of their technology architecture to ensure they’re well-placed to compete effectively. Simon Wheeler, Chief information officer, Brennan IT said, “A business’s IT architecture is the backbone of its operations: the right systems and...

How to develop an effective cybersecurity program

June 26, 2017
How to develop an effective cybersecurity program Businesses looking to combat the ever-increasing volume and sophistication of cyberattacks must develop a mature cybersecurity program that helps the business overcome its natural disadvantages against cybercriminals, according to Empired. Mark Blower, national business manager, Networks and Security, Empired, said, “Cybercriminals spend all day,...

Retailers may not be ready for Amazon to hit Australia

June 22, 2017
Australian retailers have already experienced a significant downturn this year with insolvencies increasing. Amazon’s impending arrival in Australia may be another hit for the sector, adding to the pressure for local retailers who may struggle to compete when it comes to cost, convenience, and range. Recent research from the ABS showed there has been a 0.1 per cent drop in retail spending and the...

Four tips for a successful new financial year

June 16, 2017
With the end of the financial year fast approaching, businesses should get organised, reconsider business practices, so they can plan for success, according to Concur. Matt Goss, ANZ managing director, Concur, said, “Retaining customers, remaining financially solvent, and expanding and diversifying are key challenges for most businesses. Using the new financial year to reassess structure and cut...

Why businesses must consider their cybersecurity before the end of financial year

June 13, 2017
Businesses that fail to properly secure their environments are leaving the door open to the increasing threat of cyberattacks and the resulting financial and reputational repercussions. In the wake of recent attacks and with the end of the financial year in sight, now is a good time for Australian businesses to strengthen their cybersecurity defenses, according to Palo Alto Networks. Ian Raper,...

Slavery in the supply chain: the Federal Parliament’s Inquiry into establishing a Modern Slavery Act in Australia

May 31, 2017
Consumers and governments are looking to the business sector to do more to address the international problem of slavery in the supply chain. The Australian Parliament has recently been conducting an inquiry into whether Australia should adopt national legislation to combat modern slavery, comparable to the UK’s Modern Slavery Act 2015 (MSA). Michael Milnes, Head of Commercial Law - Practical Law...

How businesses can control employee expenses and save money

May 30, 2017
Many finance departments face challenges with their expenses process. The combination of paper receipts and spreadsheets can make the process difficult for all involved. Yet, the expenses process is one of the most important elements in controlling overall business and employee spend, according to Concur. Murray Warner, business development director, Concur said, “All businesses are looking to...

From the back seat of a car to building a business

May 30, 2017
After working from the back seat of a car through winter and summer and not paying himself a salary for the first nine months, Rahul Daga’s revenue has increased by 75% from the last financial year. Rahul started with the Snap family in 2004, working as a Sales Consultant for two franchises, Blacktown and Seven Hills in Western Sydney.  “I was working alternate days with each centre and helping...

Security and privacy concerns when moving to the cloud

May 30, 2017
As cloud offerings continue to grow and become more attractive in coming years, so will their risks. Michael Shatter, partner, Risk Advisory Services, RSM Australia said, “With demands for greater productivity and profitability, businesses are seeking initiatives that offer greater scalability, diversity, and processing capabilities. As a result, we have seen a widespread transition to the cloud...

How companies can learn to swim in the data lake

May 30, 2017
By Kevin Park | APAC platform alliance lead | Concur How companies can learn to swim in the data lake Big data refers to the huge and growing amounts of information available to businesses due to increased digitisation of business operations. Every time a customer interacts with an organisation, it creates a new piece of data, whether they engaged via email, online, social media, or telephone....

Misunderstanding millennials: why it’s essential for businesses to understand what drives this lucrative market

May 26, 2017
When it comes to describing millennials, stereotypes abound, yet new research by Qualtrics and Accel has found that this demographic may be the most misunderstood generation. Businesses looking to target the lucrative millennial market segment must learn to understand millennials to improve their chances of success. Qualtrics and Accel surveyed more than 6,000 millennials, Gen Xers, and Baby...

Fear of change is holding businesses back – Entrepreneur shares tips to stand out from the competition

May 26, 2017
Change is inevitable in every industry. Businesses need to recognise and respond to these opportunities before their competitors do. Often it’s difficult to realise that limitations in business growth are self-imposed by mind maps from former success. Past perceptions limit what we ‘see’. Tim Kremer, co-founder of Avaza (www.avaza.com), Australia’s fastest growing Work Management software, shares...

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