Artificial intelligence is a strong and emerging sector when it comes to enablement. It has been speculated for quite some time that robots are going to be replacing humans and …
How Modern Payment Systems are Transforming Businesses
Do you remember the days everyone paid for their shopping, or made investments with cash or by cheque? Well, if you’re memory doesn’t go back that far, surely you remember …
How Process Management Impacts Financial Performance
Businesses revolve around projects. Every company — no matter how big or small — is usually involved with multiple projects at the same time, whether it’s manufacturing a thousand new …
How Can Commonwealth Business Help Recover the UK Economy?
While there’s a clear drive to project Brexit as being an unmitigated success at present, concerning export figures continue to undermine such optimism. More specifically, the export of UK goods …
Is It Time to Start A Small Business This Year?
The business industry has undergone some drastic changes in the last year. Many sectors suffered under the pandemic, and some even closed their doors for good as a result. However, …
How to Invest in Digital Transformation
Go Digital! Does that mean just having an internet presence is sufficient? Of course not. Digital transformation goes deeper and involves a lot of intricacies. With advancing technology, it makes …
What Can be Done to Encourage the Growth of SMEs?
Small and medium-sized enterprises (SMEs) are a critical component of an inclusive economy, they encourage the growth of jobs and wealth and they have always been the true heralds of …
Finding a High Performing Financial Accounting Staffing Agency
The accounts or the financial team in your organization is responsible for making crucial decisions. The success or failure of your business often revolves around these decisions. This is why …
Optimizing ATM networks through ATM solutions
It’s been a while since ATMs have come into existence. Despite credit cards and internet banking gaining popularity, those in need of cash continue to make use of ATMs. Much …
How Fintech is Shaping the Future of Forex
Forex has long been a popular investment option for those casting their eye beyond stocks. A science rather than an art form, it constitutes the most liquid market in the …
Fringe Benefits – Definition
Definition of fringe benefits (business): The perks and benefits that businesses offer their employees beyond financial remuneration such as salaries and bonus. What are fringe benefits? Fringe benefits are a …
Economies of Scale – Definition
Definition of economies of scale: The observation that the unit cost of production tends to decrease when higher the quantities are produced. What are economies of scale? Economies of scale …
Business Definitions
This page holds our Financial Expert™ Definitions of business jargon and terms. Cut through business jargon with our easy explainer guides. Each definition page is much more than a business …
Budget Deficit – Definition
Definition of budget deficit: the shortfall between the income and expenditure of a person, organisation or government over a period of time. What is the budget deficit? The budget deficit …
Unsecured Loan – Definition
Definition of unsecured loan: a borrowing arrangement where the lender seeks no collateral or security over the assets of the borrower to repossess in the event that the borrower defaults …
Subsidiary – Definition
Definition of subsidiary: a company which is primarily owned by another company, rather than external shareholders. What is a subsidiary? A subsidiary is a descriptive term for a company in …
Outsourcing – Definition
Definition of outsourcing: The purchase of ready-made goods or services from other businesses rather than producing them in-house from scratch. What is outsourcing? In plain English, outsourcing is when a …
Organisational Structure – Definition
Definition of organisational structure: The shape of reporting lines between people and departments in an organisation, which defines how the business is managed and who makes key decisions. The best …
Liquidation – Definition
Definition of liquidation (business): The winding up of a company by realising the cash value of its assets to settle its liabilities. What is liquidation? Liquidation is a word which …
Key Performance Indicators (KPI) – Definition
Definition of Key Performance Indicators (KPIs): A metric, ratio or data point used to measure the performance of an organisation. What is a Key Performance Indicator (KPI)? In business, a …
Code of Ethics – Definition
Definition of code of ethics (business): A reference guide providing guidance to employees to help them understand expected behaviours and guide them through moral dilemmas. What is a code of …
Chief Executive Officer (CEO) – Definition
Definition of the chief executive officer (CEO): The highest-ranking manager in an organisation, who is ultimately responsible for decision-making. The best entrepreneurship books and management books will regularly use the …
Business Model – Definition
Definition of business model: The way in which a business adds value, creates a product or service and delivers it to the customer. What is a business model? A business …
Business Ethics – Definition
Definition of business ethics: A strand of applied ethics, which explores moral dilemmas and ethical decision-making in a business context. What is business ethics? Business ethics is a practical branch …
Break-Even Analysis – Definition
Definition of break-even: The point at which the net income generated from an investment decision has covered the costs. You’ll often read the term ‘break-even’ in financial management books & …
Bankruptcy – Definition
Definition of bankruptcy: The legal process initiated when an individual or company is unable to repay their debts. What is bankruptcy? Bankruptcy means different things in different countries. Bankruptcy is …
The Perks of Sending Money Online
Have a look around you, how many of the people you know have relatives who live abroad? Almost every family does know at least one person who lives or has …
3 Wealthy Investors and Entrepreneurs Who Have Declared Bankruptcy
You’d be surprised at the number of successful businesspeople who have had to file bankruptcy at some point in their journey to success. Here are the stories of three famous …