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Supply Chain Compliance: Turning Compliance Into a Competitive Advantage
For many growing businesses, supply chain compliance is viewed as something that sits outside the core business. It belongs in procurement, quality assurance, legal or administration. It is something customers ask for, suppliers complete, and the business files away until someone asks for it again. That approach is becoming increasingly difficult to sustain. As businesses grow, their customers are becoming more sophisticated about the risks sitting within their supply chains.
Erin Wright
Sep 149 min read
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What Happens When Your Business Faces Its First ASIC-Required Audit?
For a growing business, the words "your financial statements now need to be audited" can create an immediate sense of panic. Until this point, the business may have operated successfully with a relatively lean finance function. The accounts are prepared, tax returns are lodged, management reports are produced and the owners understand the numbers. Then the business reaches a size or structure where its reporting obligations change. For example, a proprietary company is genera
Erin Wright
Aug 317 min read
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Customer Climate Reporting Requirements: Why Growing Businesses Need to Understand Their Customers' Climate Expectations
Climate reporting can sound like an issue for large corporates. For many SMEs, the immediate reaction is that the new Australian climate reporting requirements do not apply to them, so there is nothing they need to do. That is only part of the story. An SME may not have a direct obligation to prepare a climate-related financial report, but its customers may. As larger organisations increasingly assess their value chains, they may ask suppliers for information about emissions,
Erin Wright
Aug 248 min read
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The Real ROI of Systems: Measuring More Than the Cost of Technology
Growing businesses invest heavily in systems. ERP platforms. CRM systems. payroll platforms. project management software. business intelligence tools. workflow automation. The business case often looks straightforward. The system costs $X. Implementation costs $Y. The expected saving is $Z. But this approach can miss the real value of the investment. The systems ROI of a technology investment is not simply the difference between the software cost and the hours saved. The real
Erin Wright
Aug 176 min read
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Why Business Automation Disappoints: When Technology Doesn't Deliver the Expected Results
Business automation is often presented as the answer to operational inefficiency. Reduce administration. Eliminate repetitive work. Improve accuracy. Save time. Scale without increasing headcount. The promise is compelling. For growing businesses, however, automation can sometimes deliver something very different from what was expected. The software is implemented. The workflow is automated. The dashboards are connected. Yet the business is still chasing information, correcti
Erin Wright
Aug 106 min read
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Business Reporting Is Slow Because of Data, Not Reporting
For many growing businesses, monthly reporting is a race against the clock. The finance team spends days collecting spreadsheets, reconciling data, correcting coding errors, and following up missing information. By the time reports reach the leadership team, the information is often weeks old. The response is usually predictable. "We need better reporting." Useful reporting is based on data and process, not just systems Perhaps. But in many cases, reporting is not the problem
Erin Wright
Aug 35 min read
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