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Releasing ‘trapped cash’ – How to Optimise your Working Capital Strategy to Grow your Business?

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When the COVID-19 pandemic began to reshape business operations globally, the preliminary response of CEO’s, CFO’s, and Treasurer’s was all about survival of their business: free up cash, liquidity (working capital), and resources to keep their business operations afloat. Due to the economic fallout, many organisations experienced devastation with their business operations and all due … Read more

Working Capital Management: How to Improve your Business Sustainability?

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The COVID-19 pandemic raised significant Working Capital challenges and uncertainty for organisations in trying to manage their cash flow. Supply chain disruptions have been a major challenge, along with consumer demand, inflation and interest rate rises, the impact of collection of Receivables, and the rate of insolvency increases. The proper management of Working Capital is … Read more

What are the 5 Steps in the Risk Management Process?

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What is the Risk Management Process? The Risk Management Process is a framework for the actions that need to be taken and addressed. It is simply – an ongoing process of identifying, treating, and then managing risks – and it should be ‘best practice’ for any organisation. Every organisation must contend with risks. Whether it … Read more

Why Risk Management is Important in Creating a Risk-Awareness Culture?

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Risk Management is an important business practice that helps organisations identify, evaluate, track, and improve the risk mitigation process within their business environment. It is practiced by businesses of all sizes; small businesses do it informally, while SME’s and Enterprise organisations have a structured Risk Management Framework. The goal of Risk Management is to ensure … Read more

What are the Top 9 Reasons to Hire an External Consultant?

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Why hire an External Consultant? It’s an impromptu question that many Executives or Business Owners ask when the idea is discussed internally, but especially if they don’t see the obvious benefits (and value) beyond the view of this being another business expense. Certainly, from an outside perspective, it’s hard to understand – Why organisations would … Read more

How to know whether your Organisation is Ready for Change Management?

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There are many examples of companies that can take advantage of market change (e.g., Apple), whilst other companies struggle with internal issues or market related conditions. The reasons as to why, will differ for each, and every organisation. With the certainty of change being constant in any industry sector, your organisation needs to prepare for … Read more

What are the 4 Principles of Continuous Process Improvement and their Importance to your Mindset?

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Continuous improvement is defined as the ongoing development of products, services, or processes through both “incremental” improvement (over time) and “breakthrough” improvement (immediate and all at once). Organisations require a systematic approach to plan, action, and implement continuous improvement. By using data with a common language (and methodology), this enables management teams to understand the … Read more

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