Business Finance Archives

6 Proven Steps to Automate Your Accounting Processes

by Cheqly team | March 19, 2025 | Accounting Process Automation

Given this trend, you might be thinking: how do you automate accounting? Let’s break it down. If you are planning to automate the business, start by reviewing the current process and identifying the right technology, documenting workflows, implementing automation tools, and other aspects. This article will explore accounting automation, its benefits, potential challenges, and the … Continued

Top Financial Tactics for CFOs to Overcome Economic Challenges

by Cheqly team | February 21, 2025 | CFO Financial Tactics

When the state of the economy is volatile, the role of a CFO in an organization becomes highly crucial. CFOs are the ones who navigate the company by dealing with issues such as price changes, cash management, and risk mitigation, ensuring the company remains financially stable. To keep the company stable and help it grow, … Continued

Top 10 Methods for Cutting Business Costs

by Cheqly team | January 30, 2025 | Cutting Business Costs

Minimizing business costs is critical in today’s economy, where even a difference of less than a few cents in income or expenditure can have a major effect on a company’s profitability. The best part is that achieving this does not require significant changes. For small businesses, profitability often comes from simple, clear strategies used in … Continued

Top 10 KPIs for CFOs to Track Performance Effectively

by Cheqly team | January 21, 2025 | CFO KPIs

The duties of CFOs are changing continuously through the increasing demand for information-oriented decision making. Today’s modern CFOs are obliged to carry out tasks such as managing risk, planning for growth, and ensuring overall financial health apart from traditional accounting. Tracking the right Key Performance Indicators (KPIs) is critical in getting your business on the … Continued

7 Key Financial Ratios Every Small Business Should Know

by Cheqly team | December 30, 2024 | Financial Ratios

To future or present business proprietors, an enhanced understanding of business formulas could help in attaining better precision and clutter free bookkeeping of business transactions. Financial ratios may, however, be important to business owners in a bid to determine the overall viability of their business by calculating the following ratios: Here are a few that … Continued