Monthly Archives: April 2016

Trade Finance Systems and Services

Trade finance systems are an imperative part of the business. It offers different parts of overseeing accounts for the organization. Exchange account produces, oversee and build up different fund rehearses like working capital, calculating arrangements, keeping money arrangements, credits, ensures, marking down, and so on. Different trade finance systems give credit money, trade fund, credit security, receipt accumulation administrations, and so forth. Exchange fund organizations lessen showcasing cost and build your exchange productivity. They additionally help in expanding the deals by advancing the items, administrations or the site far and wide. Exchange account organizations likewise help in television the exchange leads, produce new business and elevate the organization to new business gatherings or business wanders.

Trade organizations help in killing a large portion of the business and political hazard typically held by the organization or any little or medium entrepreneur. These exchange money organizations additionally give 100% financing arrangements. Some of these organizations or offices are figuring offices likewise that assistance in encouraging universal exchange through calculating and other related exchange money strategies. Send out situated trade finance organizations give fund emotionally supportive network to improving income, diminishing account costs. Send out exchange account organizations or offices additionally give data and backing to fare working capital, Export Import Banks, financing, credits, advance structures, ensures and forfeiting. It is vital to think about a portion of the fare exchange financing organizations, offices, or budgetary foundations like AFIA, Export Express, Factors chain universal, and so on. A few organizations with their uncommon exchange account projects and strategies help little and medium entrepreneurs to discover required funding to succeed.

They additionally help in pre-request financing of work, materials, merchandise, hardware, financing of receivables, issuing letters of credit, and so on. Aside from organizations and offices there are a few government associations that help organizations with their fare wander. These elected administrative associations offer administrations that range from fare credit insurances to advance help. They additionally serve as specific affiliations that offer guidance and insight to intrigue little and medium entrepreneurs. In addition, they likewise sort out and give workshops, addresses, meetings and distributions on topical ranges of exchange money procedures. They likewise server as a medium to trade data between associations, organizations, offices, that enjoy exchange fund. Proficient trade finance services and establishments look to advance great and good exchange rehearses amongst the exchanging parties.

Exchange financing be it for the neighbourhood market or the universal business sector for fares, starts from the primary stop at the banks. It is vital to distinguish the source that give exchange back or hazard moderation. Considering, forfeiting, advances, bank ensures, letters of credit, fare financing are different exchange money rehearses.

Importance of Financial Management and its aspects

In the early words just to express that how crucial Finance is, I would like to tell you that Finance is the life blood of business. Finance is must for every process of business. In a business you will be requiring finance for trade, industry and commerce. Finance is required for establishing, developing and operating the business efficiently. But more importantly without adequate finance no business can survive and without efficient financial management no business can prosper and grow.

Basically in more easy words, finance is the study of money management. Finance is everything, it’s not only about raising the funds but it is also about how to utilize the raised up money. Financial function has two approaches. Traditional approach: Main function of finance in traditional approach is limited to rising of funds. In this approach emphasis was laid on the study of rising capital, institutional sources and current practices of finance. Traditional approach is descriptive in nature and has many advantages but modern approach is far more descriptive and has much more advantages than the old or traditional one.

Traditional approach was analytically not sufficient. It was lacking as the measurement of numbers was not getting possible. Modern approach is not limited to procurement of fund rather it has a huge involvement in planning, control and administration of the funds used in business activity. There are three basic decisions related to financial management. These decisions are namely Finance decision, Investment decision and dividend decision. These all three carry a huge importance when it comes to finance decision. Finance decision is important as it decides the capital structure of firm. It is responsible for the decision related to the amount of Equity or debt in a capital structure. Then we have Investment decision, it is very crucial as it allocates the funds of a firm to the desired or needed place. Investment decision caters the allocation of funds either as fixed assets or as current assets. Thirdly what we have is Dividend decision. It is one of the most important decision as it caters the allocation of income. I mean, the purpose of dividend decision is to distribute the money among the shareholders of the company. So the three main decisions should be crystal clear to you. Make sure you keep these things in mind as you know, without efficient financial management no business can prosper and grow.

9 Tips To Save Money For Young Couples

The reason why you’re probably here is because you have taken the great plunge called ‘marriage’, and are slowly coming out of the honeymoon phase. Or, you have just started becoming serious after a long tenure of a live-in relationship, and together want to plan financially for the future as a couple. So let’s focus on some great money saving tips for couples, which will help in settling all your financial issues.
TAGGED UNDER: Financial Planning Money Saving
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“Marriage is not 50-50. Divorce is 50-50. Marriage has to be 100-100. It isn’t dividing everything in half, but giving everything you’ve got!” — Dave Willis
State Your Goals

You must be having some common or different goals which both of you would like to materialize. Then, be it getting married (if you’re not already), possessing a house, bearing kids, or doing a Master’s degree in any particular field. Share these individual or joint goals with each other, fix a time frame for each goal, and plan accordingly to know how much money you need to save.
Formulate a Budge Plan

Maintain a catalog of your daily expenses and keep track of it for over a month. Then compare your total expenditure with your total income, and verify whether you’re living according to your means. By maintaining an open communication, this strategy will help you to come up with a cost saving plan, by cutting off unnecessary expenses, thus retaining savings for the future.
Stay Clear of Debts

Avoid falling in a debt trap, and if you’re already in it, make sure your topmost priority is to repay the debt(s). It may not be possible always, but it will help in the long run if you save enough cash to buy something expensive, rather than buying it on credit or through a loan.
Plan Ahead for Pension

So what if you’re not old enough! If you want to continue your lifestyle the way it is now, you’re going to have to consider how to pay for it when you retire. A pension plan serves as a medium to fiscal stability after retirement. The earlier you start, the better it is for your retirement.
Save Money on Your Electricity Bills

Use energy efficient light bulbs like CFL or LED. They last for many years and consume less amount of electricity. Unplug your appliances (TV, washing machine) when not in use to avoid vampire power usage. To protect your electronic appliances from a power surge, keep them plugged into a surge protector.
Call for Free Using Smartphone Apps

In this digital age, most of us like to chat. In addition to chatting, smartphone Apps such as WhatsApp, Viber, or Skype allow a cheap or free calling facility, provided the person you want to talk to is also online. This helps in cutting down on those telephone bills. But do mind your Internet data allowance first.
Change Old Equipment Into Cash Using the Internet

A host of websites help in switching your old items, like a mobile, camcorder, or TV for cash. You can sell your old item for a certain price online, which acts as a marketplace for used goods, ranging from furniture to electronic items. This option also assists in releasing the pressure off your mind in cleaning out your closet of old or unused items.
Go on Dates That are Less Expensive

While it may look tempting to go to that fancy restaurant or movie at the mall, they can also pinch your savings. Look for cost affordable options instead, like hiking or picnicking at a nearby scenic location, planning a dinner, movie night, or a game night (cards, Scrabble); the choices are limitless.
Create a Joint Account

A joint account can make finance handling easier and also fortifies trust in a partnership. You can make the most of your money by consolidating expenses. Talk about it at length and make certain that both of you are comfortable with this option.

5 reasons to hire a Virtual Chief Financial Officer

When it comes to dealing with the financial aspect related to a business, some companies prefer to do it on their own due to budget constraints. But, it is always advisable to seek professional help of a CFO as he is equipped with the knowledge and expertise to do the job right. For companies that cannot pay large amount to a CFO, virtual CFO is the solution.
A virtual CFO is an outsourced service provider who offers skilled assistance in financial needs of an organization. He works same as a Chief Financial Officer but does not charge more for his services. Here are 5 reasons to hire a virtual CFO.

Saves you money

Hiring a virtual officer enables you to save your money since you need not appoint him for full time. He can be hired based on the needs and can be paid accordingly. Additionally, you can get the same quality of work you receive from a full-time officer.

Offers flexibility

It cannot be denied that one of the biggest benefits of availing virtual CFO services is flexibility. It is due to this flexibility that you can access bespoke services that your organization requires. You can increase or decrease the services as per your needs.

Provides access to experience and expertise

Finding an experienced and skilled virtual CFO is easier than seeking a traditional option. You need to simply mention the skill set along with minimum experience you require and the professionals will come to you. The best part is that these virtual officers have the experience of working with different organizations and they can bring a fresh perspective to your table.

Increases your chances of better results

Having an opportunity to work with many companies before, they are already aware of common financial problems that your organization might encounter and can thus provide solutions based on what they have learned from their past experience.

Adds a new perspective

Regular employees usually operate within a single company and have the same approach to perform tasks and address any issue. But since a virtual CFO has worked with diverse clients before, he can introduce a new perspective to solving issues – something that can be extremely beneficial to your company.

Running a business involves money. You need to ensure that you are able to make the most out of what you are investing.

Proactive CFOs operates as a full time and part time CFO Sydney, helping the businesses with their financial modeling. Implementing various business strategies, we help improve the bottom line of your business.