When it comes to finance and pricing strategies, understanding the distinction between margin and markup is vital. These two concepts are often used interchangeably, but they represent distinct aspects of pricing that can significantly impact a business's profitability and market competitiveness. In this guide, we will explore the differences between margin and markup and provide best practices for financial professionals to navigate these critical concepts effectively.

Today, robots can be installed on top of an ERP system, for instance, to conduct repetitive tasks 24×7. These robots, which can learn such tasks as easily as humans can, generally work like recorders based on a graphical interface.

The consultant reviews the situation and assesses all factors and leads the company toward a decision that is the healthiest for the business overall. An advisor, on the other hand, works with a company on a long-term basis, pursuing pre-set goals from the initial relationship genesis.

CFOs today must think strategically. They must innovate. And they must work side-by-side with their fellow executives to keep their organization thriving in the face of new digital competition.

For companies looking to improve cash flow, there is no shortage of options. The real challenge is finding an approach that doesn’t have a negative impact on the company’s financials.

Risk management is the identification, assessment, and prioritization of risks or uncertainties followed up by minimizing, monitoring, and controlling the impact of risk realities or enhancing the opportunity potential by applying coordinated and economical resources.

Cryptocurrency is a virtual currency, traded between or amongst peers that can be exchanged and used as money. Cryptocurrency is traded online – it is essentially electric money – but can be traded in for the U.S. dollar or other currencies.

When your business first begins to grow, hiring a full-time CFO can be a big investment. To alleviate the financial burden of an experienced CFO, many small businesses are trending toward hiring a virtual CFO controller.

Digitization and cloud innovation continue to influence and propel accounting and finance toward new horizons.

CFOs who hold external board positions swear by the benefits, but the majority who don’t have good reasons for shying away.