This government department is tasked with managing all of the financialaspects of running the country, including raising public debt. The parliament of New Zealand has tasked the government with getting the national debt down to 20% of GDP by 2020. If that goal is framed in terms of net debt...
The spread of a financial instrument (stocks, forex, etc.), refers to the price difference between the Ask price and the Bid price. Spread is a type of transaction cost, along with commissions, if any. Due to the spread, each trade will start off at a loss, because you buy at the ...
You know best how to generate revenue for your business, so let's focus on the latter. To reduce costs without impacting productivity, you need to improve efficiency. A good place to start is your logistical and financial infrastructure. 1. Reduce your COGS (cost of goods sold) Reducing ...
These counts are time-consuming and labor-intensive and typically disrupt operations for the duration of the count—for this reason, they’re often performed annually before the next financial year begins to reconcile discrepancies between records. Cycle counts are counts of samples or sections of ...
Simply put, ERP is the vehicle for integrating people, processes, and technologies across a modern enterprise. See how industry analysts compare Oracle Cloud ERP against other financial management software providers. Best ERP For example: consider a company that builds cars by procuring parts and ...
Open banking is not one discrete product or service. Rather, it's a framework within which any number of financial services can be enabled. This is an actively evolving field, so the scope of financial services coming to market is likely to expand. Here are some of the ways in which open...
A net promoter score (NPS) is a customer satisfaction metric. Businesses gather NPS data by surveying current customers. Although survey distribution methods and additional questions can vary, the NPS question is standardized. All NPS surveys have customers answer the following question: "On a scale...
In financial speak, working capital is the difference between current assets and current liabilities. Current assets is the money you have in the bank as well as any assets you can quickly convert to cash if you needed it. Current liabilities are debts that you will repay within the year. ...
Along with the development of society, more and more problems are brought to our attention, one of the most serious issue is the gray population. Nevertheless, the significance of elderly people in society cannot be overstated. As...
What Is Big Data? Big Data Defined Big data refers to extremely large and complex data sets that cannot be easily managed or analyzed with traditional data processing tools, particularly spreadsheets. Big data includes structured data, like an inventory database or list of financial transactions; ...