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Finance Leaders Struggling to Keep Pace with E-Commerce Surge Know more:- https://lnkd.in/dV6uGAfE Hokodo #fintecbuzznews #ftb #fintech #financialtechnology #fintecbuzz #financialservices 

⚡⚡The Role of Financial Statements in E-commerce⚡⚡ Financial statements are crucial in e-commerce, providing a transparent overview of a company's financial health. They include the balance sheet, income statement, and cash flow statement. These documents help stakeholders understand revenue streams, profitability, and cash flow management, essential for evaluating business performance. Investors and creditors rely on these statements to make informed decisions about investing or lending. For e-commerce businesses, financial statements highlight key metrics like sales growth, cost of goods sold, and operating expenses, enabling strategic planning and budgeting. They also ensure regulatory compliance and facilitate tax preparation. Additionally, these statements assist in detecting fraud and financial discrepancies, fostering trust and accountability. In a rapidly evolving digital marketplace, accurate and timely financial reporting is vital for sustaining growth and competitiveness. More Info: 👇👇👇 https://lnkd.in/gF3Z2uZQ info@cloudtechbookkeeping.com Phone: +1 718-516-3081 #Ecommerce #Bookkeeper #VATTax #Shopifystore #cloudaccountant

E-commerce holds vast potential, but success requires strategic planning. Learn from Forbes Business Council members the essential steps for a thriving launch and sustained growth. 🌐💼 #EcommerceStrategy #BusinessGrowth Read here https://lnkd.in/ek7ZSAkZ Nationwide Payment Systems

E-commerce can be a rollercoaster of highs and lows—one minute you're swamped with orders, and the next you're facing a slow sales season. When sales fluctuate, managing your cash flow becomes a serious challenge. Without consistent revenue, it's tough to keep operations running smoothly, and you may find yourself scrambling to cover expenses or hold off on important investments. Fluctuating sales don’t have to mean financial instability. With the right cash flow management strategies in place, you can ensure that your business stays financially stable no matter what the sales cycle throws at you. Reach out to us today for expert guidance! #EcommerceBusiness #CashFlowSolutions #BusinessFinance #SalesFluctuations #SpearBookkeeping

Optimizing Your Finance Offering for the Q4 Trading Period As merchants enter the key Q4 trading period, they should ensure their finance partners are primed and ready to support them. Below are three key areas to review to optimize the finance offering during this critical time: 1. Store and Customer Support Ask your finance partner what additional resources they have planned to manage the increased volume of applications. For example, are they extending opening hours for underwriting teams, customer service, and store support lines? During this key trading period, you don’t want higher application volumes negatively impacting acceptance rates, referral times, or customer experience. Ensuring proper support can help avoid these potential issues. 2. Finance Promotions Your finance promotions for Q4 should already be planned and agreed upon, but it’s not too late to tailor them further to meet your needs. For example, what is your deposit strategy? During this costly period for consumers, would offering a 0% deposit help boost sales? Or would a "Buy Now, Pay Later" option (e.g., Pay in 2025) provide the right promotional message? Engage with your finance partner and ask for their input—they should leverage their experience across multiple verticals and merchants to guide you in maximizing your promotional impact. 3. System Readiness and Integration Ensure your systems and those of your finance partner are fully integrated and prepared to handle increased transaction volumes. This includes communication between your point-of-sale systems, Ecommerce platforms and their finance application processing tools. Check whether any system updates or enhancements are planned during Q4, and ensure both teams are aligned on any technical requirements. Downtime or system glitches during peak trading times can be costly, so it's crucial to have robust processes in place to prevent disruptions. Testing your systems under heavier loads ahead of time can help identify and resolve potential issues before they affect sales. As merchants prepare for the busy Q4 trading period, it is essential to work closely with finance partners to ensure a smooth and successful season. Focus on ensuring store and customer support can handle increased application volumes, refining finance promotions to help drive sales, and ensuring system integration and readiness to avoid costly disruptions. Proper planning and coordination with finance partners will help merchants sales and maintain a great customer experience during this crucial period. #retailfinance #merchantstrategy #bnpl

A lot of retail and e-commerce businesses come to us and ask, "Why do I keep running out of cash?" Running out of money can be extremely stressful. It's also a common problem. That's why we put together this blog post that outlines 4 factors that could be contributing to negative cashflow. https://lnkd.in/ebEvU-WQ #businessaccouting #smallbusinesstips #cashmanagement

Unbelievable bit of feedback today for #FridayFeedback We recently saved a client 90% on the cost of an e-commerce trade facility on a drawdown by using a replacement facility 🤯 What a RESULT... If you'd like to save money on your working capital or need a chat about any funding then let us know, we are here to help #deedsnotwords #accesstofinance #womensupportingwomen #womeninbusiness Martine Catton Roxanne Goodman

#DigitalPlatforms are reshaping industries like e-commerce, #Finance, etc. But what are the key drivers for their success and growth? Explore in our latest article in a series with the IIF.

#DigitalPlatforms are reshaping industries like e-commerce, #Finance, etc. But what are the key drivers for their success and growth? Explore in our latest article in a series with the IIF.

Boston Consulting Group and Nat West Boxed recently conducted research involving retailers in the UK. The findings were that embedded finance, for instance, e-commerce sites could help them attain a revenue growth of up to 7%. Respondents also said they had received conversion rates of up to 12%. In addition, average orders spiked to 15-30%. NatWest Boxed's CEO, Andrew Ellis, urged retailers to join hands with the right Banking as a Service (BaaS) solutions to get the most out of embedded finance. Read more here: https://bit.ly/3x4lCEz #EmbeddedFinance #BankingAsAService #BaaSSolutions