Price increases may be inevitable in times of economic hardship, but this doesn’t mean companies don’t have other options. Instead of focusing entirely on cost changes, businesses would fare far better during and after inflationary cycles if they attempted to determine what drives the most value for their customers. To be able to do this… Continue reading Is Raising Prices The Only Option?
Most firms suffer during periods of economic decline – including startups. However, the changing conditions during recessions often present opportunities for smaller, more resourceful firms to outmaneuver larger competitors, who are either engaged in routine business practices or are unable to adapt quickly (except to downsize). That means your startup has an inherent advantage. Successfully… Continue reading How Your Startup Can Survive in an Economic Downturn
Pakistani Startups – Critical Gaps in Accounting & Finance Pakistan has been a latecomer to the startup scene but the 2021 Pakistan Startup Ecosystem Report [PSER 2021] documents remarkable growth in the sector despite the Covid-19 pandemic. In terms of funding, Pakistani startups hit an all-time high at $350 million, which was more than five… Continue reading Pakistani Startups – Critical Gaps in Accounting & Finance
Importance of Cloud FP&A Using spreadsheets for budgeting, planning, and forecasting makes these processes harder than they should be, moreso in growing businesses. Not only are spreadsheets more time-consuming, using them also increases the frequency of errors. One of the biggest benefits of cloud-based FP&A solutions is that they completely eliminate dependence on spreadsheets. … Continue reading 4 Best Practices for Successful Cloud FP&A Adoption
Trivium Global – Year in Review 2021 has been an exciting year for Trivium Global – one that saw a lot of growth. This last year, we succeeded in establishing our industry learnings at an even higher level, by venturing into new markets, working with larger institutional clients, multiplying our lines of service and growing… Continue reading Trivium Global – Year in Review
Application of Artificial Intelligence in Accounting & Finance The juxtaposition of Artificial Intelligence and Finance and Accounting has played a pivotal role in the sector’s digital transformation. AI has not only taken over repetitive bookkeeping tasks but has also delivered forward-looking insights to drive strategic decision-making. Machine learning models applied to data help in reducing… Continue reading Application of Artificial Intelligence in Accounting & Finance
As a business owner, you always try to stay on top of all the business functions in your company. However, there will come a time when managing all the finance and accounting related administrative tasks will become excruciatingly difficult for you.
The US healthcare industry has adopted software as a service (SaaS) to increase its versatility and accessibility. SaaS users can now connect directly to their Electronic Health Records (EHR) through online portals and get billed through subscription fees.
Survios, a virtual reality content-creating company, lacked the necessary resources to properly manage its finance function. As the dedicated CFO partner for Survios, Trivium developed deep-dive models and presented detailed due diligence to better understand and manage Survios’ finances.