How technology is reshaping the future of the finance department
Estimated reading time: 4:00 minutes Technology is transforming the way finance departments in small and medium-sized businesses (SMEs) operate. Cloud computing, big data and automation are revolutionising this core department, irrevocably augmenting how finance professionals are now analysing every aspect of business performance. As efforts to embrace and integrate the latest trends gather pace, we explore how technological progress is reshaping the future of the department. Before the convergence of … Continue reading
Start-up FD; who are they and how are they different?
There is no getting away from it; a full-time finance director is a prohibitively expensive resource for most early-stage technology businesses. So frequently in the early days, the Founder handles the strategic financial challenges, and a financial controller or finance manager (or indeed office manager) keeps Companies House and HMRC happy as well as getting the invoices issued and the bills paid. Nevertheless, the business will eventually outgrow these accounting … Continue reading
Outsourced Accounting and AccountingTech, what’s the difference?
The world of outsourced accounting is changing rapidly As providers of outsourced accounting to growing technology companies, we are seeing an increase in the number of exciting and innovative AccountingTech startups seeking our services to help them to scale. This sector includes online book-keeping, expense management, planning and tax software solutions. With the investment community readily investing in UK AccountTech companies (like the ones below), the disruption of the traditional … Continue reading
Making Tax Digital deadline; are you ready?
Making Tax Digital (MTD) is a huge change in the way businesses (and individuals) report tax and is still a source of concern for many businesses. MTD is a government initiative aimed at simplifying the way businesses report their income, expenditure and taxes; making it easier for businesses to get their tax right and keep on top of their affairs. After April 2019 you’ll no longer be able to submit … Continue reading
Isosceles invests in its business intelligence dashboard
Over the last 12/18 months, Isosceles has been delivering increasing value to our clients with business intelligence through the use of PowerBI and other interactive data visualisation tools, such as Tableau and Qlick. Insights that were once only available to large companies with deep pockets are now available to medium and smaller businesses too. We are committed to developing our business intelligence dashboard further for our clients and investing in … Continue reading
Isosceles partner with Incubyte to provide growth mentoring
We are delighted to announce that Isosceles Cambridge has partnered with Incubyte to provide Incubyte companies with growth mentoring and finance and accounting support. Who are Incubyte? Incubyte is the brainchild of Rob Precious who in his capacity as a serial tech investor and mentor has seen several successful exits and is currently invested in a number of exciting new opportunities. From their incubator in the Cambridge Innovation Park, Incubyte provides … Continue reading
Need Help Managing Cash Flow? Why Use Invoice Financing
Managing Cash flow is often easier said than done Managing cash flow during the early-revenue generating years is often easier said than done, and poor cash flow management can quickly bring a business to its knees – even a profitable one! Increasingly our clients are utilising invoice financing to provide regular cash injections, which balances their cash flow and enables them to continue to expand and grow. While there are many … Continue reading
Will Accounting AI transform the finance function?
As we move into an age where artificial intelligence is less like something from a science fiction novel and more like a viable means to improve business, the time of calculations carried out laboriously using pen and paper is thankfully well and truly gone. Starting with the introduction of software applications like VisiCalc in 1978 and QuickBooks in 1998, the finance function has gradually moved away from manually calculated spreadsheets … Continue reading
When should I outsource accounting?
I am often asked, “how will I know if now is the right time to outsource accounting?” This question is akin to “how long is a piece of string?” – there are no hard and fast rules because of the variables of each individual business. There are however tangible business drivers and it will be one of these which, probably subconsciously, has provoked the questioner to ask this question in the first place. … Continue reading
What exactly does an Interim FD do?
The hired gun An Interim FD relishes a challenge and thrives on goal-orientated projects across a diverse range of companies and situations. He or she is under significant pressure to deliver within weeks rather than months. They are a hired gun, engaged for a short period to sort out a specific problem or situation that the businesses’ existing finance team are unable, for whatever reason, to address. This could be: Leading a turnaround … Continue reading