Small businesses are at a higher risk of fraud than large companies due to lack of internal controls. According to the 2014 Report to the Nation on Occupational Fraud and Abuse (copyright 2014 by the Association of Certified Fraud Examiners, Inc.), the typical organization loses 5% of its annual revenue to employee fraud. The fraud cases studied in the ACFE 2014 Report showed that the fraudulent activities studied lasted an average of 18 months before being detected.
On March 19th, 2018 Acumatica released the much anticipated new version of it's cloud ERP - Acumatica 2018 R1. This new version features many functionality improvements in the areas of Financials, CRM, Field Services, Project Accounting and Distribution.
Every business depends on a consistent cash flow. One in four businesses won’t successfully make it through the first year of business, and more than half of startups will not make it to year five. With such a high failure rate, it is important to maintain a stable cash flow. Here are some ways to prevent a decline in your cycle.
Corporate Social Responsibility - Are you ready? Corporate social responsibility (CSR) is a broad term used to describe a company's efforts to improve society in some way. These efforts can range from donating money to nonprofits to implementing environmentally-friendly policies in the workplace.
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