The Mexican peso persists and continues to break records, maintaining a favorable streak as it is now quoted at 17.26 units per dollar, reaching levels similar to those of March 2016 on Friday, June 30, 2023.
The upcoming years, we will witness constant changes occurring in our society, which will bring forth challenges and opportunities for SMEs and businesses
An optimal agency cost model should invariably prioritize the overall well-being of the company, rather than short-term profits for its shareholders.
Benchmarking is a strategic practice of comparative analysis that drives business growth and enhancement. It entails examining and comparing the performance, processes, and practices of an organization with those of its competitors and market-leading companies.
Sustainable and profitable investment is showcasing its prowess in the markets. Nowadays, millions of investors take sustainability issues into account when determining how to allocate their investments.
Economic Outlook: Real GDP growth is decelerating, with consumption supported by labor market improvements, and exports benefiting but affected by a slowdown in the United States. Inflation is expected to decrease. Measures include energy savings, restrictive monetary policy, competition, and childcare.
Companies issue profit warnings when they are aware that their earnings outlook or upcoming revenue levels will be lower than the market forecast or previous expectations of the company itself.
Planning, budgeting, and forecasting are typically a three-step process to determine and outline the short-term and long-term financial goals of an organization.
The expectations of numerous business leaders for this year revolved around wholeheartedly focusing on growth post-pandemic. However, despite the uncertain future, your company must identify its performance outcomes, strategic initiatives, and technological trends, and fully commit to them.
The budgeting process is arduous and intricate, involving multiple stakeholders from different departments. Effective communication and collaboration are key to avoiding errors and streamlining the budgeting process. According to a recent study by Gartner, 72% of financial leaders are seeking to enhance the flexibility of budgets and projections for the fiscal year. This underscores the growing need to modernize and make the budgeting process more flexible.
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