2012 Budget- The Wait is Over

In last weeks’ post I spoke about how businesses were waiting on tenterhooks to see what the 2012-2013 budget address would bring. Now the wait is over and opinions on the Chancellor’s proposals have been mixed. While small businesses have criticised the Chancellor’s corporation tax reduction for acting to help big business while ignoring smaller traders, others think that overall the budget was ‘fiscally neutral’ and won’t do much to encourage growth in the next financial year.

 

Whatever your view on the budget, what is clear is that the economy remains turbulent with 2012 marking three years since UK interest rates were first cut to the record low of 0.5%. In a new financial year where every penny will count, businesses will have to work to make better strategic decisions in order to ride out the uncertainties the economy presently offers. 

 

To do this they need to have granular real time insight into their business. By integrating business intelligence, enterprise resource planning and billing software, organisations will have clear visibility of their business. This will empower any organisation to be more confident in making the decisions that really count as they move into the new financial year. 

 

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As the saying goes, knowledge equals power. But knowledge can also equal profit, as informed decision making and real time business insights give Accounting firm Partners the ability and empowerment to shape their business success. In this blog series Chris Duddridge, Business Director at Deltek, a global software company with a track record of helping Accounting firms improve their bottom line, shares his experiences of guiding clients to improve visibility of their operations, reduce administrative costs and ultimately, run a more profitable business.

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