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B2B-Network:
Analysis
Rapid popularity in Mobile Banking Apps
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Mobile banking is rapidly growing in popularity as more and more people prefer using their mobile phones for most of their banking needs. Studies show that banking apps have provided a critical interaction channel between consumers and financial institutions. Most consumers now prefer using their banking apps over visiting a bank physically. Others have even replaced their physical wallets with their mobile banking app; which is more convenient than carrying cash around. 

Over the past year, banks have seen an increase in the number of consumers frequently using mobile...

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Analysis
The Number of Women in Finance is Yet to Increase
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In recent years, there have been countless efforts made by some of the world’s largest financial organisations to recruit more women into the ranks. However, the numbers are still very low. And in some sectors, they are dropping quite significantly. Mutual fund companies are one example, in which the number of women has fallen to 10% in the last decade. In the banking sector, less than a quarter of those in senior positions are females. 

 

Influential Business Schools are Trying to Redress the Balance 

In the US, scholarships are aiming at female MBA participants. Tens...

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Analysis
Continuous Accounting: Easing The Process
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The traditional accounting systems were not built for the modern economy, since it keeps changing and is always filled with risks. Therefore, it is vital for companies to examine their financial data to gain foresight on how they should make wise financial decisions in the future. The dated accounting process will make the periodic transactions problematic for the organization. This is because large sets of un-reconciled data eat on the productivity of the organization employees, particularly the accountants. Continuous accounting has its perks for any given organization....

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Analysis
The Greece Economic Situation
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Greece's economy is catching up fast. According to figures published on Monday by the Hellenic Statistical Authority, its gross domestic product (GDP) in the first quarter of 2018 increased by 0.8 percent. This is compared to the fourth quarter of 2017, when growth reached 0.2 percent. The Greek economy has clearly gained momentum, with its progress being twice as high as the average for countries in the Eurozone. In contrast to the first quarter of 2017, GDP growth was 2.3 percent. 

That's good news for Greek Prime Minister Alexis Tsipras. The latest growth figures fit into...

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Analysis
The Relationship Between Corporate Loans and Credit Bureaus
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Corporate loans are the foundation upon which many businesses are built. The flow of money is what drives the business world and, in many cases, a corporate loan aids in the process. Basically, a corporate loan is a loan used by a business. They are most often used for financial investments to build the business and recently there has been a move by banks to rely less on credit bureaus before granting a loan.

 

Credit Reports and Retail Businesses

In the midst of the 2008 financial crisis, many retail businesses experienced delinquencies in their loan payments, which resulted in lower...

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Analysis
Things That Fintech Startups Can Learn As They Take the Banking Industry by Storm
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Fintech has been the centre of hype in the recent past with most of their focus being what traditional banks are doing wrong. This has been the reason why fintechs have continued to attract gigantic investment, with $31 billion being injected into the sector last year. However, the truth is that many banks are still doing many things the right way, and fintech startups can learn from them. Here are some areas where fintech’s prerequisites and banks’ expertise connect: 

 

Dealing proactively with the law 

Compliance with financial regulations can be...

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Analysis
The Process of Factoring
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Factoring can be defined as the discounted selling of receivable accounts by the owner of the business to another party for the purpose of raising funds or to source capital. The third-party in the business transaction is the one termed as the factor. Factoring is among the oldest types of financing a business. It is used as a tool for cash management for several companies. It is widespread in some industries like the clothing sector and where the business cycle involves long receivables. Although it is considered an expensive method of financing, the method has still managed to become more...

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Practical Advice
Things To Keep In Mind When Choosing Accounting Software For Any Company
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There is an abundance of accounting software on the market, and they are all different in their own way, just as every company is different. Some of their aspects will be essential to certain types of businesses, but the structure of each company also dictates the needs of the accountant and the business. The best way to approach selecting the right software is to think broadly and narrow down from there. 

 

Cost – Start Up and Continuing

First, it is essential to look at the cost of the software, not just the start up costs, but keep an eye on the costs for additional...

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Practical Advice
Selecting a Policy in Cyber Liability Insurance Cover
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Modernisation has transformed business operations as a result of the future internet transactions, technology, and social media. It also creates loopholes for cyberattacks by hackers, nation states, insiders, and criminals. It can result in a severe loss to organisations hence a need for a risk management plan. The popular risk mitigation method is by insurance, and this is where cyber liability insurance cover (CLIC) comes in.

CLIC are interconnected and may seem similar with covers from existing products such as professional indemnity, coverage for business continuity and issues of a...

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Trend
The Adoption of Electronic Invoicing in Organisations
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In recent years, electronic invoicing, also known as e-invoicing, has gained momentum in businesses as well as governments all over the world. Consequently, not a single year in the last decade passed without being declared the year of electronic invoicing breakthrough. The technology has even been recognized as an important development in Europe.

 

Implementing e-invoicing 

E-invoicing is not a new concept as it has been implemented successfully in many countries. However, there is need to further develop the process to increase the volumes of electronic invoices. 

European...

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