Why Finance is More Important than what (Some) Entrepreneurs Think
For busy entrepreneurs, finance is often misperceived as a mere afterthought. This misconception relegates finance to the sidelines, diminishing its crucial role in driving startup success. Put differently, “most entrepreneurs don’t fully comprehend the financial issues in their business. Maybe some do, but a lot simply don’t have the knowledge to identify where they’re throwing away money or missing out on easy fixes”, as Garrett Gunderson says in a Forbes article.
Why Expense Compliance is Important ?
While the pursuit of corporate growth has always been a driving force, the evolving dynamics in the market have shifted the focus beyond mere top-line growth, emphasizing the importance of managing expenses to secure positive EBITDA. In this environment, characterized by a balancing act between growth aspirations and fiscal prudence, organizations must meticulously manage their expenses.
While a majority of expenses typically fall within the purview of policy, it’s essential to acknowledge the small percentage that may deviate from compliance. Whether accidental or inadvertent, these deviations underscore the need for a comprehensive understanding of expense compliance. By shedding light on the entirety of the financial landscape, we aim to foster an environment that not only acknowledges the inadvertent outliers but also reinforces a culture of compliance within the organization.
Let’s unravel the layers of expense compliance, shedding light on its significance and the essential elements that contribute to a robust financial framework within organizations.
NQOODLET and SimpliFi Join forces to transform SME spend management across MENA
The Riyadh-based and “Visa Direct Award 2022” winner NQOODLET joins forces with Dubai-based SimpliFi to bring to market a modern and innovative expense management solution for SMEs in the region.
The partnership aims at providing a seamless card issuance experience for NQOODLET users which makes spending and tracking of company expenses a fully automated process. NQOODLET will enable highly configurable virtual and physical prepaid cards using SimpliFi’s modern card issuing APIs which powers card programs in ways that meet a wide range of business needs.
Time Saving: The Ignored Goal
In the ever-dynamic realm of business, where constant innovation and adaptation are the norm, time stands as an invaluable currency. It’s the fuel that drives productivity, the lubricant that smooths operations, and the key that unlocks opportunities. While businesses often focus on maximizing revenue and acquiring market share, the significance of time saving often goes unnoticed.
Yet, time saving is not merely about streamlining processes or optimizing workflows; it’s a strategic imperative that underpins sustainable success. By embracing time-saving practices, businesses can unleash a cascade of benefits that elevate their performance and position them for long-term growth.
5 Practices to Adopt for Business Travel in 2024
Business travel plays a crucial role in fostering relationships, closing deals, and expanding market reach. However, managing business travel effectively can be a daunting task, as it involves juggling multiple stakeholders, ensuring compliance with policies, and maintaining efficiency amidst various challenges. As a business expense, it remains on top of the list of expenses European companies incurred in the H1 2023. Therefore, it is an expense not to toy with.
Fintech in 2024: Global and Local Trends
In the fast-paced world of finance and technology, the term “fintech” has become synonymous with innovation, disruption, and a transformative approach to traditional financial services. Fintech, short for financial technology, encapsulates a diverse range of digital solutions that leverage technology to enhance and revolutionize financial processes.
Achieve Your True Business Spending Goals in 2024
As the year draws to a close, you and your team stand at the threshold of a new fiscal year, a chance to recalibrate your finances and set ambitious goals for continued success. Embrace the opportunity to optimize expense management, a strategic imperative that profoundly impacts your business’s well-being.
So, gather your team, and together, engage in a collaborative discussion to brainstorm pressing objectives for the new year. Share insights, exchange ideas, and leverage diverse perspectives to shape a cohesive vision for financial excellence.
Year-End Reset: Elevate Your Marketing Strategy for a Breakthrough Year
As the year draws to a close, marketing managers stand at a pivotal moment – a crossroads between reflection and strategic renewal. This transformative juncture marks not only the culmination of a year’s achievements but also the launchpad for a new chapter filled with untapped potential for growth and success.
Our Year-End Action Guide for Marketing Managers serves as your compass, guiding you through this critical transition and empowering you to harness the power of insights and actions to propel your marketing efforts to new heights in the coming year.
16 Year-End-Closing Questions for Entrepreneurs
As the year draws to a close, the financial and leadership teams within companies typically focus on the meticulous tasks of year-end closing. While this process is crucial for ensuring financial accuracy and regulatory compliance, it can also be a whirlwind of activities that can easily overshadow the bigger picture. Amidst the hustle and bustle of closing the books, it’s essential for leaders to carve out time for strategic reflection to ensure long-term business success.
Nqoodlet Is Among Finalists in The Sanabil 500 MENA Program, Securing SR 1 million In Funding
Nqoodlet, a Riyadh-based fintech startup, announces graduating the esteemed Sanabil 500 MENA Seed Accelerator program. Following a comprehensive selection process and a 12-week program, Nqoodlet has secured a spot among the finalists, signifying its recognition as a noteworthy innovator in the local fintech space.
The program is held in partnership between 500 Global and Sanabil Investments for tech startups showing early traction, aiming to nurture the upcoming generation of skilled entrepreneurs in the MENA region. It offers dedicated mentorship and programming for 12 weeks from 500 Global mentors and equity investment for selected finalists.