In the 1970s, many companies expanded or merged to form complex corporate structures. At the same time, many began to outsource more of their functions than usual, creating a need to process hundreds, sometimes thousands of invoices as well as the normal pay roll functions. To solve this problem, the tradition of regular accounts payable audit was born.
Nowadays, most companies of a certain size need outsourced specialist companies to create functional and efficient accounts payable audit and reduce – or, ideally, eliminate - the revenue loss that always comes with overpaid invoices, duplicate payments, misapplied tax, unclaimed rebates, incorrect currency conversions, VAT and discount adjustments, and all the other little things that can go wrong when running a large and complex company with a robust financial operating system. Because although a couple of incorrect payments to a contractor or supplier may not be much on their own, they have an insidious way of adding up sometimes to millions of dollars.
Traditionally, a recovery audit is carried out at regular intervals to correct any miscalculations, errors or even deliberate fraud attempts by contractors, suppliers or staff. These audits are applied after payments have been made, and often end up massively increasing a company’s bottom line. Usually a recovery audit, as well as identifying specific mistakes, will also spot problems in management or process which may be allowing these mistakes to occur. Then, employees are trained and systems changed in an attempt to reduce the mistakes made in compliance and correct payment.Â
Now, many of these accounts payable companies use recovery audit software to carry out a constant and efficient survey of effectiveness throughout the year. Modern recovery audit software comprises a set of tools which can be used by accounts payable teams to monitor compliance and weed out incorrect payments or duplicate payments. These analyse payment history through web-based on-demand systems which monitor transactions thoroughly.
With this kind of transaction monitoring, customers are discovering a large number of historical overpayments – which can be recovered, either by the accounts payable company or, if preferred, by the company itself. Patterns can also be revealed which may indicate a fault in processing systems, an inefficient or even fraudulent staff member, or a regularly dishonest contractor.
Drilling down into data electronically eliminates human error and provides clear and readable evidence of patterns of fault, error or simply systems that are outdated and can be changed to see an increase in bottom line profit. No wonder that so many managers are adopting this new recovery audit software as a key service for their companies!
Shops to let in north London are just one of the top opportunities currently offered by commercial property London. One of the interesting things about a shop for sale in london is that this can provide a more stable form of investment than other kinds of property. There has been enough in the news about house prices flat-lining, although this always has to be seen from a country-wide perspective. Overall, residential property is set for a much brighter future in 2013 than it enjoyed in 2012. Some disappointing dips across England and Wales and in the north especially drove average figures down, but in London residential property saw a 7 percent jump on last November’s prices. Prices across the city now average £365,000, with many areas commanding significantly higher prices.
Residential property is just one sector. Office space comprises a second line of commercial property London, but the last few months and years have demonstrated the volatility of this. At one point, not long after the crash of 2008, the cost of office space was down 40 percent – and almost 50 percent in some areas. This was followed by a sudden uptick, due to the low number of new developments and the consequent bottleneck. Still, as many people lost out heavily as gained on the competitive prices, and much of the cash came from foreign investors who were in a position to jump at a bargain.
Retail space, by contrast, has been a lot more stable. Shops to rent in north London are a better long-term prospect, at least for those who are able to put their money in and stay it out for at least a few years. Consequently a shop for sale in london might be a firmer prospect for a landlord looking to make an investment into commercial property London. Retail space tends to follow nominal GDP growth relatively closely, as might broadly be expected. Despite the ups and downs of a business cycle, this means that if you take a long view things should broadly continue upwards, and never fall too badly. Office space, on the other hand, is affected by other factors, including the development cycle. The volatility that this brings to the sector can be worrying for landlords, unless they plan to hold onto the property for decades. Naturally, as sales prices fall yields rise, so if you judge your timing well it can nevertheless be a lucrative market.
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In the current economic situation, companies are under more and more pressure to be efficient and to use less outside help. But economising means walking a fine line: no business wants to overspend on unnecessary overheads, but no business wants to miss out on sales leads or new partnerships because they haven’t invested in expert help. When it comes to PowerPoint presentations, many companies are striking a halfway point, by using Presentation Training.
PowerPoint innovation can be tricky to navigate in a business environment. For the vast majority of businesses – especially those with a heavy sales element which requires regular presenting to potential new leads, or those with complicated internal structures which need lots of formal communication between levels or department – great PowerPoints are an absolutely integral part of doing business. And because executives and sales people are often too busy to really invest time into creating the design and narration elements of each PowerPoint, it’s become common practice to turn to an external agency to create a truly memorable presentation incorporating technical skill, creative communications techniques and great graphic design.
But some companies just don’t have the budget to call in an agency whenever they need a good PowerPoint – or feel that no agency can know the subject in hand (whether that’s a project, plan, product or new idea) as well as the internal people working on it.
However, those people have often had no presentation training at all and are flying blind with regards to their communication, structure and design techniques. Getting no outside help at all for PowerPoint designs can result in unconvincing presentations, and audiences who leave feeling bored, unenthused or confused – and each of these reactions is of course disastrous for businesses hoping to do business with those audiences!
The halfway point, of sending key executives or sales people on advanced PowerPoint training, can be extremely useful. As a one-time expense, it works out cheaper than paying for each individual PowerPoint needed, because after the initial expense employees will be able to quickly create great PowerPoint presentations whenever they need to. And it has the added bonus of making employees feel confident, secure and trusted.
Well-trained employees have a confidence which shows up in business suites and presentation rooms; and because they’ve created the PowerPoint presentations themselves they’ll feel more at ease with them, removing any risk of getting caught out by a slide they hadn’t expected or a communication style that doesn’t feel natural. After Presentation Training, sales people and business people can walk into any presentation room secure in their skills and in their presentations.
Read more here: https://eyefulpresentations.co.uk/training/
The new school year always means a new round of school clothes shopping. school uniforms play a valuable role in making sure pupils dress the same way and creating a shared identity around their education, but for parents school uniforms can be a perennial pain in the neck. The requirements can be quite strict and slogging around all the shops to make it happen is time-consuming and miserable. With children in tow it can become a form of torture for all of you, not helped by the fact that everyone is likely to be doing it at the same time. This means the shops are busy and you chance the risk of getting there, only to find they have sold out of certain items. A London schoolwear supplier that operates online can help you avoid most of the pitfalls associated with this time of year.
Some people are wary about buying school clothes over the internet, and it may be that particular pieces of uniform are best bought in person. But the vast majority of clothes can be purchased without undue problems – just as you might well consider ordering clothes for yourself from the online outlet of any number of high street shops. As long as you know what sizes to purchase there is no reason to worry. And, if it turns out that the clothes you ordered do not fit properly, you can simply return them and either get a refund or have them replaced in the right size.
What this means is that a process that might have taken a full day or more (depending on the number of children you have and how much they have grown in the holidays) can be finished in the comfort of your own home with no more hassle than comes from checking their measurements and shoe sizes. Not only that, but shopping online is often more economical, and there’s less chance of things running out. High street stores have limited space, whereas online shops don’t have such issues.
Finally, as well as school clothes you can also buy stationary and other equipment from your typical online London schoolwear supplier. One of the best features is that you can have your school uniforms and other belongings delivered where you want it – including to the school. So, if there has been a terrible last-minute rush, or you are not sure that the kit will arrive in time for your children to wear the clothes, have them delivered direct to the school instead.
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All businesses are prone to accounting errors and fraud. It’s a sad fact that accidents and errors happen, in accounts as in every other area of your business. It’s equally true that there will always be some people who seek to take advantage of any vulnerabilities they spot. Accounting is a complex business; invoices have numerous fields and if these are filled in or copied incorrectly then you could end up paying too much or claiming too little. Duplicate payments are another common problem – where an invoice is submitted twice, either accidentally or intentionally. Unless you are specifically looking for them, these can slip under your radar all too easily. The result is that you pay money out where you shouldn’t, or you don’t claim money that is owed to you. That’s what an accounts payable audit is for. It tells you what the gap is between what’s in your accounts and what’s supposed to be there. Recovery audit software is designed to pinpoint where the problems are, rectify them and stop them happening again. Given the high number of errors in the accounting practices of the average SME, that can have quite a financial reward.
Some estimates suggest that as many as 0.1 percent of transactions might be inaccurate. Whilst that doesn’t sound like a lot, those errors soon multiply up. If your business relies on a large number of small transactions, it could make a lot of difference – especially since turnover is not the same as profit. If you are just squeaking by, those accidental or fraudulent payments could mean the difference between your business staying afloat or failing.
Recovery audit software might seem like an unnecessary expense. However, given that an accounts payable audit can turn up tens or even hundreds of thousands of pounds worth of invoices yet to be settled for a small business, it should pay for itself the first time you use it. And remember, the longer you leave it the less chance there is of getting your money back. It doesn’t matter whether the problem is caused by duplicate payments or another of the dozen or so different errors that commonly occur. If the organisation that owes you money has gone bankrupt or ceased to exist in the meantime, you stand no hope of reclaiming what’s owed to you. Act now – it could mean a nice windfall.
Visit https://www.fiscaltec.com/ for further details.
Powerpoint presentations have become an expected part of any pitch, such that sales presentations are usually viewed as incomplete if they don’t have a set of slides accompanying them. The problem with this is that the tail ends up wagging the dog; Powerpoint is basic to use but difficult to master, and the result is almost inevitably a sub-standard presentation that props up a talk without giving much to it. If you are going to do Powerpoint, it is worth doing properly since a bad slide-show comes across as amateur – obviously something to be avoided. However, slick powerpoint design doesn’t just captivate the audience visually. It can also help you to deliver an outstanding talk – without notes and the normal paraphernalia of such events.
Once upon a time, ancient orators trained in the art of rhetoric would use a series of mnemonics to help them to remember the consecutive arguments of a speech, thereby enabling them to avoid using notes in their addresses. A favourite device was to use points along a journey or features of a familiar building, which they would mentally link to ideas they were speaking about. Today we rely on cue cards or even read straightforwardly from a sheet – something that can lead to a halting and unengaging delivery. Nowadays, politicians and other professional speakers often garner praise for their ability to speak for a lengthy period without notes.
Good powerpoint design should enable you to do the same. Sales presentations can be long, and faltering makes you look bad and reduces confidence in you and your ideas. However, by treating each slide as a mnemonic or summary of what you want to say, you can avoid the problem of ploughing through a sheaf of notes or load of cue-cards. An apparently off-the-cuff presentation is far more impressive and professional-looking than one that rests on such paperwork – which makes you look like you aren’t familiar with your own material. Start to look at your Powerpoint presentations as a way to facilitate your own delivery and complement your speeches, rather than being additions that have been tacked on at the end as an afterthought because that is what audiences expect nowadays. You’ll find that it’s easier than you think, and your listeners will appreciate the extra effort you put in and the veneer it gives the event.
Please visit https://www.eyefulpresentations.co.uk/ for more
We all know how pleasurable it is to visit a town where local businesses are thriving: independent shops help to shape a community as they are set up by people with an interest in the area and the people they serve. Recent decades have of course seen an increase in chain stores leading to the depersonalisation of our shopping experiences. However, as many of these chains see their potential to make profit move into the online realm, we may well be on the brink of an independent high street revival. As such, commercial property London is becoming highly sought after. Shops for sale in London offer people with some savings behind them, and long term projects ahead, to actually realise their dreams. And for young business people preparing to trial an unproven idea, shops to rent in north london are just asking to be occupied.
Certainly, North London looks to be a burgeoning area in which to set up new business ventures. Unlike East London, where the capacity for coffee shops, vintage clothes stores and art galleries has almost been reached and property prices have soared, North London is yet to achieve its potential. If we give it some thought, the Kings Cross area could be massively attractive if a greater number of smaller businesses were to set up shop. This area has excellent links with the rest of London, an international train service in the form of the Eurostar, and a truly diverse population of students, young professionals and families. Housman’s independent bookshop is just one example of a small enterprise that is thriving here, while the success of the handful of commercial art galleries shows that physical presence still counts in the age of online.
Indeed, while online visibility benefits business profits greatly, physically occupying a space can really maximise the appeal of products and services that are only produced in small amounts. If we think about it, our online shopping habits tend to involve purchasing things with which we are already familiar and thus do not need to touch, taste or smell. If you are an artist, a restaurateur, or small scale fashion designer on the other hand, commercial property London could be essential to your success. A welcoming and innovative environment is waiting to be created if you invest in shops to rent in north london or shop for sale in London. Soon you will be building unique relationships with your clients.
Please visit https://www.claridges-commercial.co.uk for further info.
Recent news headlines have quantified what we’ve all been feeling: rail is too expensive for an increasing number of travellers. Fares have soared 50 percent in around 10 years, well above the rate of inflation. One of the reasons for this is that the pinch on the national budget means that Whitehall is cutting back on their subsidies, asking passengers to pay more for their journeys so that there is less pressure on public spending. Whilst this might seem fair enough in a capitalist economy, bus services are also being cut. Public transport is therefore either pricing itself out of the market or disappearing from it altogether. More and more people simply find it too dear – and yet, driving everywhere yourself is not a great option either, thanks to the price of fuel and congestion charges. One solution is to club together to find economies of scale. Whether this takes the form of car-sharing on daily journeys or luxury coach hire or minibus hire on longer trips and holidays, suddenly group transport becomes more affordable. Coach hire London means that you can distribute the financial impact across a large number of people, thereby each paying merely a little.
These options will only really work for those trips that involve a lot of people – usually upwards of a dozen, but up to forty or fifty if you hire the most expensive coach. However, the great news is that because there are so many of you, the facilities can be really outstanding for a pretty good price. Luxury coaches come complete with all kinds of mod cons and conveniences – as well as with well-trained drivers to take you to your destination.
Whether you’re bringing a load of fans to a football match, a coach full of school pupils to a theatre performance or a bunch of office workers on holiday, these are far more sensible options than public transport – which is unreliable, expensive and inflexible – or all travelling separately (just downright expensive and very bad for the environment). Not to mention the logistics of getting everyone to the same place, at the same time, without anyone getting lost… Minibus hire is the best choice for ten or twelve people, whereas if it’s more than that then coach hire London is really worth considering. If you want something a little bit special – or it’s a long trip and you need the creature comforts – then luxury coach hire is definitely a good option.
Please visit http://www.goldenboy.co.uk/ for further information about this topic.
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graduate jobs are still in short supply, given the difficulties the economy has had over the past two or three years, and the difficulties it is still experiencing. Many young people and university grads are finding it harder than ever before to find work, so if you’re going to be one of the fortunate ones, then you need to pull out all the stops. Graduate schemes are one way of learning the ropes and getting a foot in the door, although they’re not for everyone. An internship can serve a useful purpose, and not all of them need to last a full year or several months. There are plenty of opportunities around for university students during the shorter holidays – sometimes as little as two weeks, which can be a useful way of experiencing a company or organisation over Christmas or Easter, not to mention a good distraction from cramming for exams.
The economic figures are still looking pretty bleak, with a cloud whether the UK will slip back into recession – the dreaded double-dip, which will undoubtedly further damage the job market. However, there are schemes out there, and the upside of internships and other arrangements (to the employer, anyway) is that they tend to be short-term and low-paid. For the job-hunter, at least the first of those is useful, as it allows you to find out about a job without signing up for a long-term contract. The second, well, beggars can’t be choosers, and the low pay (often only expenses, although some actually pay pretty well) is something you can put up with if it’s not for long. The chief message is to hunt around, cast your net wide, and do it early. Don’t wait until the last minute, after your exams in the summer; if anything, go the other way, and try to line up as much as you can – after all, you can always turn a job down, but you can’t always secure something at short notice.
One way to approach this is to take a day or a morning to apply for graduate jobs or to look for a graduate scheme or internship. Scour the ads – your university career service should have plenty, and there are job sites that will advertise plenty of other short-term and permanent opportunities – and give over a chunk of time to calling, emailing and writing to the different companies. That way, you’re likely to get at least one positive response – perhaps all you need to make all the difference for your next year.
Please visit http://www.careerplayer.com/ for further information about this topic.
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Forward-thinking companies have been able to handle their invoices and other document processing completely electronically since the 1960s. But in the twenty-first century, electronic document management has evolved, with the use of software as a service (SaaS), cloud technology and other pioneering forms of new technology for business, to become almost universal in firms which take their management seriously.
Invoices, sales reports, payroll information, direct debit reports, sales orders, pay slipsâ¦
There are an interminable amount of documents running around an office of almost any size nowadays. Companies which are scaling up, or which have an international presence or a complicated corporate structure, nowadays usually find it absolutely impossible to manage with a manual document processing system. Those which are soldiering on with traditional administration for their sales, payments and processing departments lose an untold amount of staff hours to effectively managing an unwieldy system, while also inflating their spend on office space and equipment.
Far more effective to outsource the management of all of these documents to an efficient, tried and tested digital document processing system, whether in house, out of house or in the cloud, which can create a wonderful hassle-free solution for offices of all sizes. No need to worry about backing up, updating software or IT solutions: an efficient invoice processing firm can take care of all of that.
This also removes all the worry around security, always a concern for companies and staff working in the sensitive departments of accounts payable and financial affairs. An outsourced document management company will guarantee security â and because itâs working on a much larger scale, by managing documents for, sometimes, hundreds of different clients, it can invest in the most up to date security storage techniques.
Completely digital financial documents are the future. In a decade or so, it will almost certainly become an industry standard. The EU has established government legislation strongly encouraging and incentivizing businesses to do all of their invoice processing electronically. And major organisations, such as the NHS, have firm targets in place to execute electronic document management across all aspects of their work.
This isnât just developing in Europe. In 2012, the US Government commissioned a survey which showed that if every department of the federal government switched to electronic invoicing, administrative costs would be cut in half. This would save the US Government a whopping USD450 million every year. Itâs obvious that the advantages of digital documents are not going to take long to overtake existing systems, and that the sooner a company transfers to an electronic system the more efficient it will become.
Please visit http://www.bottomline.co.uk/ for further information about this topic.
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