Author: Matt

Knowing Your Procure To Pay Risks Makes Good Financial Sense

How much oversight do you really have over your accounts? You might have a fair idea of what is coming in and going out every month, but what do you know of the detail and your procure to pay risks? The fact is that it would be unfeasibly time-consuming to have every payment you make or receive checked against invoices, statements and other paperwork. That’s why duplicate payments, fraud and other glitches can cost businesses so much. The more transactions you make, the more money you are likely to be losing due to payments that are unnecessary. An accounts payable audit helps you to find where the leaks are in your system, throwing up warning signals when it seems like you have paid clients or suppliers when you shouldn’t have done. Recovery audit software allows you to gain back what you have lost over time.

Often the problem will be innocent enough. The average invoice might have something like twelve fields of data in it. Fill out or copy one of these wrong and the result could be an inaccurate payment – perhaps too much, perhaps too little, perhaps something that has been paid already. The mistake could have happened at your end or when the invoice was raised. However, in some cases it’s more dishonest than this. Unscrupulous suppliers might double-send an invoice, knowing that you don’t have the systems in place to catch such tricks. The amount might be familiar, and so it goes through the accounts without a second thought.

Duplicate payments and other types of overpayment can add up to a significant fraction of a firm’s turnover. If you engage in high volumes of low-value transactions, then even a small proportion of these will start to make a dent in your profit margin – and could mean the difference between sinking and staying afloat. Carrying out an accounts payable audit will often pay for itself the first time you do it. However, you should learn about procure to pay risks as soon as possible, because the longer you leave it the lower the chances of getting back your money. Companies go out of business, and individuals die or move away. If this has happened then realistically there is not a good chance of being compensated. Perhaps more importantly, you need to know what is going wrong now – it won’t just be past mistakes. There may be instances of ongoing fraud you need to protect yourself against, or cases where repeated problems occur month after month, and cost you more and more as you go on.

Please visit https://www.fiscaltec.com/ for further information…

Shops For Sale North London – Prices Favourable

Shops for sale in North London have, like all commercial property in North London, suffered in recent times. The credit crunch and resulting recession hit properties hard in capitals across the world. In many of these, prices have still not risen much. In London, however, the picture is unexpectedly different. Commercial property took a real hammering as the economy nosedived, and grade A office space in particular was badly hit. That meant a couple of things. Firstly, yields rose quite strongly as sale prices fell but rental prices dropped less sharply. Secondly, there were significant opportunities for external investors who recognised a bargain when they saw one – which is what happened not long afterwards. The relative strength of the Euro against the pound meant that investors on the continent (as well as further afield) made the most of the low prices. Whether it was a high-rise development in the Square Mile or shops for sale in North London, it could be seem as a potentially lucrative asset.

This dynamic led to a sharp bounce back in property prices in the capital. This was supported by a relative dearth of additional development. As the long-awaited recovery appears on the horizon – subject to further problems from the Eurozone – the bottleneck this will cause is expected to nudge prices even higher once again. Things in London aren’t exactly ‘business as usual’ but the picture there is much better than in other areas of the country, which helps as well. The GDP figures that the country awaits from quarter to quarter are not a reliable local indication, since they are not uniform; London and the southeast, in particular, are in a much stronger position economically than elsewhere.

Shops for sale in North London can thus be seen as an investment opportunity. Property has fallen from grace as an investment in recent times, being blamed as a major strand of the global economic traumas that are still working themselves out. Commercial property London doesn’t play by quite the same rules as property elsewhere – office space, industrial, retail or otherwise. This means that, assuming you’re able to stay in it for the medium-term, you can expect to make a profit on your purchase. A shop for sale in North London might not have the prestige of a skyscraper on Canary Wharf, but with a little work you could find it yielding the same kind of return on investment.

Please visit https://www.claridges-commercial.co.uk

School Clothes – An Expensive But Necessary Outlay

Clothes are expensive and school clothes can be particularly so, especially as they don’t go into the category of discretionary spending. School uniforms can represent a significant sum of money when everything is added up – not only shirts, jumpers, trousers/skirts, perhaps blazers and even socks, but also shoes, sports kit, after school club clothes and equipment… Then include other bits and pieces like stationary, pencil cases, calculators and so on, and multiply by the number of children you have at school. It all adds up, and in these straightened times many families will find that it is a very unwelcome addition to their monthly expenditure. The good news is that a London schoolwear supplier who operates online can save you a lot of money, as well as making the shopping trip a lot less stressful than it could be.

Many parents will have experienced the stress of trailing around the regular high street shops, planning to pick up all their children’s school clothes in one go. You can do it in a day, but it’s not fun: you’ll probably have to try several outlets, and since you’ll probably be bringing your children with you to make sure the clothes fit properly, you’ll have to contend with them getting more and more miserable as the day goes on.

The alternative is to measure them up at home and buy what you need over the internet. Look for a reputable outlet that stocks all the major brands and you could find exactly what you need, all under the same virtual roof, from shirts to stationary. You should save a lot of money, because these online stores don’t need lots of staff or big bricks-and-mortar shops in prime locations on the high street, so their overheads are lower. Make sure they have a good returns policy, just in case you select the wrong item or something that turns out not to fit properly.

Buying school clothes need not be the hassle you are used to. A decent London schoolwear supplier will be able to meet the role that the high street does, only at better prices. You can do your shopping for school uniforms at a time that is convenient for you, during your lunch hour or in the evening, from the comfort of your office or home rather than trailing the streets. There are even options to have the clothes delivered direct to school, so if you have left things until the last minute it need not be a disaster.

Please visit http://www.uniform4kids.com/

Overpayments, Missed Tax Rebates – what can go wrong in Accounts Payable?

In the 1970s, many enterprises expanded or merged to form complex corporate structures. At the same time, many began to outsource more of their functions than usual, developing a need to process hundreds, sometimes thousands of invoices as well as the regular pay roll functions. To solve this problem, the tradition of regular accounts payable audit was born.

Nowadays, most companies of a certain size rely on outsourced specialist companies to create functional and efficient accounts payable audit and reduce or, preferably, eliminate the revenue loss that always comes with overpaid invoices, duplicate payments, misapplied tax, unclaimed rebates, inaccurate currency conversions, VAT and discount adjustments, and all the other little things that can go wrong when running a big and complex company with a robust financial operating system. Because although a couple of incorrect payments to a contractor or supplier may not seem much on their own, they have an insidious way of adding up sometimes to millions of dollars.

Traditionally, a recovery audit is undertaken at regular intervals to correct any miscalculations, errors or even deliberate fraud attempts by contractors, suppliers or staff. These audits are undertaken after payments have been completed, and often end up considerably 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, the workforce are trained and systems changed in an attempt to reduce the mistakes made in compliance and correct payment.

Now, many of these accounts payable suppliers use recovery audit software to complete a constant and efficient survey of effectiveness throughout the year. Modern recovery audit software comprises a set of tools which can be operated by accounts payable departments to monitor compliance and weed out incorrect payments or duplicate payments. These analyse payment history through web-based on-demand systems which monitor transactions deeply.

With this kind of transaction monitoring, customers are discovering a large number of historical overpayments – which can be requested, either by the accounts payable company or, if preferred, by the company itself. Patterns can also be revealed which may indicate a problem in processing systems, an inefficient or even fraudulent staff member, or a consistently dishonest contractor.

Drilling down into data electronically removes human error and provides clear and readable evidence of patterns of fault, error or simply systems that are outdated and can be altered 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 businesses!

Please visit https://www.fiscaltec.com/uk

Invoice processing makes for more effective payments systems

Efficiency is the watchword in business now. With times tough and cuts starting to hurt, there is no reason for wasting time and money doing things in a slower or more torturous way than they need to be. The catch with this, however, is in moving from one familiar way of working to a more effective set of procedures. Although these will result in improved productivity – and therefore a healthier bottom line – there will always be some resistance out of a desire to keep the status quo. Document management is one way in which efficiency can be improved. Its aim is to turn paper documents of all kinds into electronic form (via document processing) and then arrange and employ them in the best way. This is particularly helpful in certain areas of business, such as invoice processing and your accounts department.

Invoice processing is vital because the stakes here can be higher than elsewhere. For starters, you may have a significant volume of payments and transactions occurring. That means a large number of invoices. The average invoice might have a dozen fields of data on it. You could be copying these manually a number of times – into your accounting systems, payment systems, and other records. Every time it is copied there is room for error to find its way in. And there is lots of evidence that this frequently occurs, resulting in unnecessary outgoings. Properly managed, your electronic invoices can be integrated with other accounting systems, significantly reducing the time required to deal with payments and also decreasing the scope for error.

In other instances, the efficiencies of time can be just as helpful. A single paper note or document can end up on someone’s desk, buried under a sheaf of paper or accidentally thrown out. In electronic form, this is no longer an issue. It can be shared amongst any number of employees, placed in a central or shared directory on your network, and accessed at any time. (Of course, if you want it to remain confidential then there are ways of going about this too.)

Document management is therefore a vital strand of lifting the performance of any business. Continuing with paper documents is simply inefficient and, sometimes, risky. Too much can be left to chance, paperwork gets lost or damaged, and handling times are unnecessarily long. Document processing – and especially invoice processing – allows you to expedite certain procedures, spending your time and money on what really matters.

Please visit http://www.bottomline.co.uk/ for further information about this topic.

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Accounts payable audit systems can protect from fraudulence and error

Is your organisation paying more than it needs to? Look to world-class accounts payable audit software to detect unnecessary duplicate payments, as well as invoicing errors, compliance issues and supplier fraud. Recovery audit software can be used to help your Accounts Payable team in their efforts to control and improve processes.  Using this software takes away the need to employ costly Recovery Auditors to identify and recover duplicate payments. Instead, by empowering your own Accounts Payable teams with the right tools, costly auditor fees are cut and internal processes are improved.

There is a significant risk that medium and large organisations pay their supplier invoices twice. Duplicate payments are one of various overpayment errors that go undetected in the accounts payable process, and usually the most pricey. The total amount overpaid, one way or another, can run into many thousands of pounds or more for small or medium-sized businesses.

If you are uncertain whether this is an issue for your organisation, recovery audit software providers can usually provide proof with an AP health check that is often offered for free to qualifying organisations. This check consists of a partial analysis over several days to demonstrate any errors, compliance issues or supplier fraud within your system. This evidence then forms the basis for a sound business case.  The benefits of using this software are chiefly cutting unnecessary costs – which is no small benefit. It is important to act quickly as the opportunity of recovering extra payments drops each month. This is because every month some of your suppliers go out of business, merge or get bought. Old invoices cost more to recover, so cost increases with each month, too, and so it makes sense to secure a health-check as soon as you can in order to act on any inconsistencies.

The software is easy to use, and requires no special training. In fact, free online training is often offered by the provider. Tailored specifically to your business’s needs, fraud and risk are reduced and profitability increased. When put into place before a payment run, the software prevents unnecessary payments and therefore avoids the high expense of recovering money externally or internally.

For effective prevention and protection from fraudulence and error, improvement of your cost efficiencies and current AP systems, recovery audit software provides the answer. accounts payable audit programmes can process all past payment data for duplicate payments, helps you comply with internal and external guidelines, and protects valuable working capital – all at a low cost of ownership.

Please visit http://www.fiscaltechnologies.com/ for further information about this topic.

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Video conferencing calls that encourage collaboration

It is very common in the working world these days to communicate with colleagues and business partners via email. Electronic correspondence has the benefit of being quick, cheap and environmentally friendly; huge amounts of paper previously wasted on administration have been drastically cut in the technological age. Email is also quite obviously advantageous to businesses with overseas clients; the ability to keep in touch with people regardless of the physical distance between them is something we now just take for granted. However, email is now being superseded by more specialist technologies that not only facilitate all of the above but also restore the human aspect of digitized encounters. video conferencing, telepresence video conferencing and audio visual conferencing are three variants of such advanced inventions.

Leading companies are already investing in audiovisual communications developments because it makes their practice more competitive and sends out a signal that they value design and performance in the products they choose to use. In fact, there are few signals that could give a stronger impression of a business with its finger on the pulse than telepresence video conferencing. Above and beyond the way in which email allows for two or more people to feel closer to one another, telepresence creates a life-like sense of being in the same room as the person you are conversing with. This is because it uses life-size images of individuals that can move in real time as projections. Does this sound like something from a science fiction film? That’s because it gives us a glimpse of the future where it can be safely predicted that telepresence will catch on.

Telepresence, as we have mentioned, is just one exciting new product though. Also hot on the audiovisual telecommunications market is video conferencing that can reduce company costs by up to 60% and audio visual conferencing products that work much like Skype or a web cam and traditional telephone to help workers broadcast messages to large audiences without having to be in the same geographical location. These audio visually-assisted meetings have the added bonus of being easy to reschedule – now that we have flexi-time working hours it makes sense to embrace flexible meetings.

Please visit http://www.edgevision.co.uk/ for further information about this topic.

http://www.edgevision.co.uk/

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Kickboxing London has plenty to offer you

Most people’s sense of the martial arts is still coloured by the well-known movies of the 1970s and 1980s. In these, the protagonist would be taught his particular style, usually through the torturous, painful and bizarre techniques of a master, or in a violent and sadistic class at the hands of a semi-insane instructor. London kickboxing classes usually don’t follow this pattern, unless that’s what you’re hunting for – there’s generally something to fit most tastes if you look hard enough. Your average London kickboxing club teaches sparring and self-defence (usually using some of the same techniques, but some from other styles) in a friendly and informal yet disciplined and safe environment. You will be taught basic techniques – the kicks, punches, blocks and footwork that make up the bread-and-butter of kickboxing – before being encouraged to spar in a controlled setting. Sparring is, in any case, optional. Some people study the style for fitness, some for competition, some for self-defence, and so on. You should not be pushed harder than you are ok with, although the best instructors will know how to get the most out of you. For kickboxing London has something for everyone.

Kickboxing is a relatively recent style, pieced together out of techniques that American soldiers witnessed when stationed in Japan in the Second World War. They recognised the effectiveness of the traditional martial arts taught there, such as Karate, and simplified it for their own needs. This means that kickboxing encompasses almost endless variation – it is not a distinctly codified style in its own right, but a collection of techniques and disciplines. Similarly, the ethos and direction of each class might be different. This adds to the variety which is on offer. Some people might be more interested in the complex techniques and patterns that originate from oriental styles; others will be happy to learn the basics of sparring and self defence. Obviously, there is a massive overlap, but each instructor and class will have its own take on things.

This means that if you are interested in trying kickboxing London is a great choice. There are so many London kickboxing classes that it won’t take long to find one that suits you. Most have free introductory sessions to let you try before you buy. When you do settle on a London kickboxing club, you will probably be asked to spend a small amount of money on essentials – insurance, membership fees, and possibly pads and gloves at a later stage. But you will get lots out of your choice, as you learn a useful and energetic style with like-minded martial artists.

Please visit http://www.karmaa.co.uk/ for further information about this topic.

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Hotel Jobs Dubai Has Great Prospects

For job seekers today, the sky truly is the limit. No longer happy to settle down in the same old rut at home, more and more people are deciding to seek work abroad – and Asia Caterer has jobs on offer all across the spectrum of the leisure and tourism industry. Because of this company’s presence all across the Asian and Middle Eastern regions, job seekers can travel to the exact place where their particular skills are required. For hotel jobs dubai is often seen as the top prize: this playground of the rich and famous has the most glamorous hotel jobs Gulf countries can offer. Its gigantic and extravagant hotels mean that work in a high-powered setting is a very real possibility for young Brits looking for overseas jobs.  Meanwhile, for other hospitality jobs Singapore is very popular, offering hotel and bar jobs in more relaxed and subtle settings.

Many different types of hospitality workers choose to work abroad, rather than staying at home. For instance, in the current financial young people may choose to work their way through gap years in thrilling destinations where they can spend their days on beaches and their nights behind top-class bars – maybe even saving up some cash on the way! Alternatively, these opportunities are also often taken up by hospitality professionals who want a change in their careers, a change of scene, or just a break from the normal routine. After all, Brits have always loved to run away to the sun and the waves. And with jobs available everywhere from Israel to Vietnam, there’s a wide variety of experiences out there for those who love to travel and to work.

Although some of these jobs will need past hospitality or catering experience, there are hotels, bars and restaurants all over the world who will be happy to employ an enthusiastic, friendly native English speaker. When searching through the hotel jobs dubai has to offer you’ll often notice that fluent English is a much-requested skill, thanks to the large international community gathered in the region. And this cosmopolitan feel means that even for those holding low-level hotel jobs Gulf regions can be very glamorous. The hospitality jobs Singapore and other Far Eastern countries offer often include English fluency on their lists of desirable qualities as well, because of the strength of the tourist market in these countries. So it’s no wonder that there are so many of British hospitality workers finding new positions in Asia and the Middle East all the time – and no wonder that employers are welcoming them with open arms.

Please visit http://www.asiacaterer.com/ for further information about this topic.

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A cash advance is occasionally worth looking into

Student loans are some of the most reasonable debt out there. They are low cost (in fact, some people have ended up with next to no interest on them) and they don’t need to be repaid until you are earning above a particular threshold. If you reach a minimum age without achieving that threshold, they may be cancelled completely. The system is currently going through changes, so it’s worth keeping your eye on the ball, but all in all, as debt goes, such loans aren’t bad value. But they are often paid infrequently, if regularly, meaning that you may get to the end of your overdraft a touch too early for the next payment to get you out of trouble. It’s in these circumstances that you need to look around for any alternatives – friends, relatives, credit cards and, if you need to, unsecured loans. These aren’t to be taken on lightly, but a cash advance can get you out of a tricky spot. If that’s going to save you more money (in late-payment fines, for example) than it costs in interest, then it may be a solution worth considering.

No debt is good debt, and it’s best to be really strict and structured about your finances in order to avoid accidentally running out of funds. And it’s true that short-term loans can be quite expensive – you can expect to pay around 30 percent over the course of a month, which is much more than you’d pay for a loan from a bank, or on your overdraft, or even on a credit card (the most expensive of which are around 30 to 40 percent per annum). But they are supposed to be short-term cash in fairly small amounts – typically between £75 and £750.

Whilst student loans may not be bettered in their terms, sometimes there’s no alternative. If you haven’t planned well – or have just been thrown a curve-ball by circumstances beyond your control – then a cash advance could get you out of trouble. Unsecured loans are usually expensive and not designed to function in the same way as a student loan; they are for short-term snags rather than long periods of time, and the interest rate reflects this (as well as the risk to the lender). However, if there aren’t any good (or cheaper) alternatives, then it makes financial sense to search for one. If that gives you the breathing space to address your budget and put measures in place so that the same thing doesn’t happen again, then it has served a handy purpose.

Please visit http://www.cashgenieblog.co.uk/ for further information about this topic.

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