Discover how outsourced CFO services can turn your SME's financial chaos into clarity. Gain expert insights on cash flow, budgeting, and risk management—without the overhead of a full-time hire. Grow...Read More
Transform your SME with strategic cost management. Learn how smart cost control can empower your business to thrive, innovate, and stay lean, ensuring every expense fuel growth. Don’t let inefficiency...Read More
Unlock the secrets to balancing cash flow and profit with actionable strategies designed for SMEs. Learn real-life tactics, explore expert tips, and boost your startup's financial health for sustained growth...Read More
Leading CFOs assert that ERP systems not only streamline operations but also redefine financial management—are they better than accounting software. Read more.Read More
Streamline your SME's operations and skyrocket profits with expert supply chain management—discover how strategic improvements can transform your business.Read More
Embrace digital finance transformation to unlock efficiency and competitive advantage for your SME, ensuring sustainable growth in the evolving market landscape.Read More
For SME owners losing sleep over cash crunches, this guide provides a lifeline. Discover 10 proven tactics from an expert to get cash flowing smoothly again - from forecasting to...Read More
Protect your business from costly procurement fraud with this comprehensive guide. Learn a 12-step plan to secure your buying process, spot red flags, prevent scams, and safeguard your profits. Actionable...Read More
Strong internal controls are critical for SMEs. They help businesses run smoothly, keep financial records straight, and follow rules. These controls are the backbone of a business, ensuring money is...Read More
This post unlocks the secrets to mastering your finances, boosting profits, and keeping your business running strong. Learn smart strategies for invoicing, managing expenses, and predicting the future of your...Read More
1.0 Introduction: Aligning Business Goals with Trade Payables1.1. What Are Trade Payables for SMEs?In small and medium businesses (SMEs), trade payables are the amounts you owe to others for things...Read More
AI transforms SME financial strategies, enhancing decision-making, reducing errors, and fostering competitive growth through smart data analysis.Read More
Effective debt management in SMEs is vital for growth and stability, requiring a balance between strategic borrowing and careful planning to avoid high-interest pitfalls and ensure financial health.Read More
Elevate your SME using myCFOng's 10-step approach: refine financial processes, boost operational efficiency, slash expenses by 20%, and foster business expansion through meticulous financial process optimization, smart automation, and ongoing...Read More
Data analytics are an essential tool for small businesses, aiding in optimizing trade payables, managing cash flow, fostering strong supplier relationships, and detecting fraud. Additionally, they play a strategic role...Read More
Project Accounting is vital for Small and Medium Enterprises (SMEs) to manage project finances, assure their viability, and guide smart resource utilization. It involves principles of transparency, consistency, accuracy, timeliness,...Read More
Enterprise Resource Planning (ERP) systems offer significant advantages over standard accounting software for SMEs, as illustrated by finance expert Ajibola Jinadu. ERPs provide integrated solutions for multiple business functions, enable...Read More
The article provides an in-depth guide on product costing for SMEs. It explains the importance of accurate product costing, challenges SMEs face in it, and reviews different traditional and modern...Read More
Discover the essence of Break-Even Analysis for SMEs as it acts as the gateway to achieving profitability. It is crucial for every Small and Medium Enterprise (SME) to understand their...Read More
This article discusses key strategies for small and medium enterprises (SMEs) to effectively manage their business expenses including cost of goods sold, R&D costs, operating costs, interest, depreciation, non-operating costs,...Read More
1.0. Introduction: Unravelling SME Capital Structure MythsIn the dynamic world of SMEs, there’s misinformation that often goes unnoticed: capital structure myths. These misconceptions can sidetrack even the most robust enterprises...Read More
1.0. Introduction to Asset Management: Unlocking Value1.1. The Spectrum of Assets in BusinessAssets, tangible like machinery or intangible like patents, are crucial for any business. They bolster a firm’s market...Read More
1.0. Introduction to Innovative inventory managementInventory management is crucial for Small and Medium-sized Enterprises (SMEs). It affects cash flow, customer happiness, and success. As supply chain demands shift, SMEs see...Read More
1.0. Introduction to Business Financing1.1. The Integral Role of Capital in Business EvolutionBusiness financing or Capital is the cornerstone of business growth. For SMEs, securing the right amount at the...Read More
1.0. Grasping Operating Cash Flow: A Lifeline for BusinessCash keeps businesses alive. Operating Cash Flow (OCF) tells you how healthy your business is. This chapter discusses OCF, why it is...Read More
1.0. Introduction1.1. Why Avoiding Excess Inventory Management Matters for Small BusinessesFor Small and Medium-sized Enterprises (SMEs), keeping the right amount of stock is crucial. Avoiding excess inventory helps them have...Read More
1.0. Introduction: Why Financial Metrics Matter for SMEsIn the world of business, financial metrics are essential tools for SMEs. These metrics provide insight into a business’s health. They also offer...Read More
1.0. Introduction to SME pricing strategies1.1. The Price Puzzle: A Stumbling Block for SMEsOne challenge that stands tall for SMEs is pricing. It is not merely about covering overheads or...Read More
1.0. Introduction1.1. The Importance of FP&A for Small BusinessesFinancial Planning and Analysis (FP&A) helps companies, big or small, plan for the future. Small businesses especially benefit from FP&A as it...Read More
1.0 Introduction1.1. What is Strategic Capital Expenditure?Capital Expenditure, or CapEx, is money a business uses to buy or improve physical assets, like property or equipment. It is not for daily...Read More
1.0. Introduction1.1. Traditional Cash Flow ManagementTraditional cash flow management aims for stability, ensuring more money comes in than goes out. It’s straightforward and predictable, ideal for small and medium businesses.However,...Read More
1.0. Introduction to how to digitally transform your finances1.1. Embracing Digital in Small Business FinancesThe digital age has revolutionized how we operate daily. For small businesses, to digitally transform finances...Read More
1.0. Introduction1.1. Why Inventory Valuation MattersInventory valuation is essential for small and medium businesses. It goes beyond counting stock and involves making decisions that impact profits, taxes, and other important...Read More
1.0 Introduction to the Loss Leader Strategy1.1. What is the Loss-Leader Strategy?Businesses are constantly finding new ways to boost sales. One popular method is the Loss-Leader Strategy. Here, a product...Read More
1.0 Introduction to Buy or Lease OptionsEvery Small and Medium Enterprise (SME) faces the crucial decision of whether to buy or lease assets. This choice affects its financial health and...Read More
Chapter 1: SME Accounting BasicsSmall and Medium Enterprises (SMEs) rely on accurate accounting. It’s not just about tracking money but guiding growth and long-term planning. As SMEs operate in a...Read More
1.0 The Rising Need for Financial Literacy in the WorkplaceBusinesses today need their employees to understand finances. This is not just for company decisions but also personal financial well-being. This...Read More
1. Introduction1.1. Understanding the Critical Role of Talent Management in FinanceFinance Talent Management in today’s business world is more than just hiring individuals who are good with numbers. It involves...Read More
Chapter 1. Introduction1.1 The Digital Era: Impact on SMEsThe technology space is changing in the digital era, affecting even SMEs. Machine learning, AI, and data analytics are impacting SMEs’ operations....Read More
1.0 Introduction: Moving Forward with a People-Focused Strategy in Financial ChangesAt myCFOng, we trust in human-led finance transformation to modernise business operations. Harnessing the potential of your workforce is vital...Read More
1.0 Embracing the New Normal: Digital Finance TalentDigital technology is transforming the finance world in this fast-paced era of change. SMEs must ensure that everyone can adapt and thrive amidst...Read More
1. Introduction: Understanding the Need for Revenue DiversificationSmall and medium-sized businesses need to earn money from multiple sources. This is to protect themselves from changes in the market and consumer...Read More
IntroductionSMEs need strong financial strategies to help them through tough times and stay competitive. One good strategy is to focus on making as much profit as possible. We call this...Read More
Introduction to Debt OptimisationDebt optimisation is important for small and medium businesses to manage their debt. This helps them stay financially stable, have more cash, and make more profits.It is...Read More
You may have heard the saying, “Keep expenses low and productivity high.” Businesses thrive on it but managing cost control in a small or medium-sized enterprise (SME) often balances resource...Read More
IntroductionImplementing a capital optimisation strategy is crucial for SME growth and sustainability. SMEs must manage their money well to make the most money and take advantage of chances to grow.This...Read More
Introduction: Power in Strategic Partnerships for SMEsSmall businesses can use strategic partnerships for growth and competitiveness. SMEs need more resources, market reach, and economies of scale.Strategic partnerships can help address...Read More
