Blog

On our Business Franchise Blog, we share a wealth of content from knowledgeable writers around the world. Here you'll find both news and advice covering everything in franchising and business. Whether you're just getting started, expanding your business, or just want to stay up to date, the Business Franchise Blog has got you covered. Find more specific content by also visiting our Expert Advice and Latest News pages.

The top five challenges caused by decentralised employee-initiated spend

April 18, 2018
Businesses used to be able to manage corporate spend relatively closely because most purchases were managed centrally through purchase orders and company cheques. In the digital economy, employees are spending money across more categories, and using more payment methods than ever before. This creates challenges for businesses to manage spend strategically, according to Concur. Matt Goss, managing...

Why the cloud is the ace up the CFO’s sleeve

April 17, 2018
The evolving role of the chief financial officer (CFO) means they need to embrace emerging technology to gain greater business insight and more efficient financial management. Removing the mechanical burden of the role means these business leaders are free to concentrate on adding value in the form of creative innovation and strategic direction to continue moving the business forward. CFOs can...

How to Increase Employee Productivity in the Workplace

April 3, 2018
In many ways, investing in a franchise is an effective method of negating some of the risks that are inherent in running a business. The business model is already proven, which is a huge step in the right direction, and you are given everything you need to create goods and services you know customers want. However, one thing the franchise model can’t help you with is the productivity of your...

Seven reasons information mobility is crucial for businesses

March 21, 2018
Since work is no longer limited to a specific location, there has been a huge shift in the modern workforce towards mobility. However, businesses need to be properly set up to accommodate this workstyle evolution or risk failing to deliver the true benefits of mobile, according to SAP Concur. Matt Goss, managing director, Australia and New Zealand, SAP Concur, said, “Organisations must embrace...

Employee experience: six trends to watch in 2018

March 13, 2018
Employee experience: six trends to watch in 2018 2017 saw significant improvements in how businesses understand and approach the employee experience (EX). Research is increasingly showing the critical importance of getting the EX right because engaged employees contribute significantly to revenue growth. Businesses that want to sharpen their competitive edge in 2018 need to be aware of the key...

84% of Australian online sellers target the US market

March 8, 2018
84% of Australian online sellers target the US market The majority of small-business online sellers aim to succeed in overseas markets, with 84 per cent already selling into the US, and 62 per cent using Amazon to help them meet that goal.   The findings come from a survey of 193 small-business online sellers in Australia by WorldFirst (worldfirst.com.au), a global leader in international money...

How financial leadership can help boost performance for organisations

March 7, 2018
How financial leadership can help boost performance for organisations CFOs today are expected to drive long-term growth and performance in organisations, and are involved in strategic decision making outside finance. In many industries, finance teams must help determine where organisations should invest in new technologies to keep up to date with digital transformation, according to SAP Concur....

Small Business To Be Biggest Winners From 'Reno' Boom

February 23, 2018
More than 370,000 SME builders and tradies will be big winners as Aussie homeowners spend an expected $44 billion renovating their properties over the next five years. “The vast majority of home renovations are done by the small building businesses which make up 98 per cent of our industry,” Denita Wawn, CEO of Master Builders Australia. “The latest forecast of building and construction activity...

Four ways to unlock the value of data assets

February 23, 2018
Investing in data is a key way to boost performance but, without visibility into the value generated from data and analytics, it can be difficult for chief financial officers (CFOs) to justify new investments. It’s therefore essential to drive more value from data assets in ways that demonstrate the return on investment, according to Teradata. Alec Gardner director, global services strategy at...

Why truth is the leading driver of customer attraction and retention in the new transparent world.

February 23, 2018
In the 1950’s and 60’s, people drooled over flashy magazine spreads for the new Chrysler Superfin 5000, rushed to their neighbourhood dealership, bought one and then got decapitated by the razor-edged steel dashboard. They’d watch TV ads featuring Fred Flintstone recommending Winston cigarettes and keep smoking until their doctor diagnosed lung cancer. Other deceits were less harmful but still...

Change can happen in 90 days, with a cunning plan

February 23, 2018
The biology of our brain is motivated to respond to short-term threats, not those that seem far off in the future. Think about the simple act of saving for your retirement. When you are a teenager how important is putting money aside for something that is 50 years away? Even in your 20s, you were more interested in saving for things that gave short-term happiness like clothes, entertainment,...

How next-generation finance tools are helping shape the role of the CFO

February 23, 2018
The role of the CFO has evolved considerably from the days when the finance function existed simply to manage the company’s finances. Now, the finance team is, or should be, a centre of innovation for any organisation. When finance professionals are untethered from mundane, repetitive finance operations, they can contribute significantly to an organisation’s growth. To do so effectively, they...

Why businesses should have a privacy audit ahead of February 22

February 16, 2018
On February 22, the government’s mandatory data breach notification scheme will come into effect. The scheme requires organisations to notify the Office of the Australian Information Commissioner (OAIC) and the affected individual if the organisation experiences a data breach that compromises personal information and is likely to cause serious harm. Failing to comply with the scheme could result...

Why organisations need to transform to stay relevant

February 16, 2018
Transforming to stay relevant in the face of constant disruption is a continuing challenge for organisations across Australia and New Zealand (ANZ). While there is no single right answer as to how this can be achieved, there are three key focus areas that can help organisations reach their goals regardless, according to Empired. Empired recently surveyed 289 respondents at its Convergence events...

Why the on-demand generation needs an ecosystem to manage spend

February 14, 2018
The rise of apps that make life more convenient has created a generation of consumers who want everything on demand, from ride-sharing and meal delivery to movies and even last-minute accommodation. As this trend continues, businesses will look to automate employee spend based on ecosystem integration, according to Concur.  Matt Goss, managing director, ANZ, SAP Concur, said, “People want...

Six Pillars of a Strong Wealth Creation Plan

February 2, 2018
Many older Australians anticipate working past the age of 70 instead of retiring at 65. (1) For many, it’s because they simply can’t afford to retire, highlighting the importance of prudent financial decisions and wealth creation, according to RSM Australia. Anthony Riding, financial planner at RSM Financial Services Australia said, “For people with young families, waiting until retirement is...

Pages