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Small business finance: Five tips for managing cash flow effectively

Inside Retail

This ensures you order the right amount of stock to meet customer needs without ending up with excess inventory. Inventory management software or a simple forecasting system can be a valuable tool to manage this. FAQs on small business cash flow management What steps can I take to maintain a positive cash flow?

Finance 130
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Deloitte: Retailers Should Prepare for ‘Holiday Hangover’ in 2023

Retail TouchPoints

While the 2022 holiday season was by all accounts a success, retailers may want to buckle down as they head into the new year: four out of 10 U.S. Deloitte found that 51% of lower-income earners and 38% of higher-income earners felt that their finances took a turn for the worse in 2022. Retailers Must Show Economic Empathy.

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Best Accounting Software for Small Business

Small Biz Trends

As a small business owner, you need to stay on top of finances and related paperwork. But as your business grows, you may find it difficult to manage all your financial reports. That’s why most of them rely on accounting software to make their life easier. What is Accounting Software? AccountEdge Pro.

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Guarding the Retail Fortress: Cybersecurity Challenges and Network Interruption Risks

Retail TouchPoints

The Evolving Threat Landscape Retailers increasingly rely on digital platforms for sales, inventory management and customer engagement. Ensuring business continuity plans include appropriate responses to network outages, breaches and ransomware attacks. Conducting a third-party audit of cybersecurity protocols.

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Free Accounting Software for Small Business

Small Biz Trends

Managing finances is no walk in the park for the majority of small business owners. Luckily, there are a number of accounting software tools that can help. Free Software for Your Small Business Accounting. Every accounting software for small businesses comes with its own set of features. Wave Accounting.

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How US retailers are preparing for this year’s holiday shopping period

Inside Retail

With the peak trading period only a few months away, now is truly the time for retailers to double down and invest their efforts into optimising their inventory and fulfillment operations. However, there are some factors that retailers have to keep in mind to ensure they aren’t placing energy or finances where it is not best applicable.

Shopping 130
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Digital transformation: the evolving role of artificial intelligence in retail

Retail Focus

From the use of chatbots to direct customers to the correct department while shopping on their mobile device or computer, through to sophisticated inventory management that helps retailers operate easier, the potential for AI in retail is far-reaching.