Using Customer Value Maximization to Improve Service Quality in Banking

Using Customer Value Maximization to Improve Service Quality in Banking

The concept of customer value maximization has the potential to help companies increase revenue while simultaneously growing customer trust and enhancing customer relationships, increasing overall brand perception and customer loyalty. Xerago, a customer value maximization platform, describes CVM has a way that businesses, “can maximize customer value through continuous, relevant, context-appropriate,

Robinhood Hires Veteran Amazon Executive on Path to IPO

Robinhood Hires Veteran Amazon Executive on Path to IPO

Zero-fee stock trading app and cryptocurrency exchange Robinhood just announced the appointment of Amazon veteran Jason Warnick as its first ever Chief Financial Officer. The stock-trading platform is preparing for its IPO next year, and Warnick’s appointment is a step in the direction. Being a public company "closely aligns" with Robinhood's

Advantages and Disadvantages of a Traditional Accounting System

Advantages and Disadvantages of a Traditional Accounting System

When it comes to deciding which accounting system will best fit your needs, it’s important to consider both a traditional accounting system and a cloud-based accounting system. In recent years, the cloud platform has grown in popularity and it seems like most businesses are transferring their business practices to the


Top Financial Analysis Tools and Techniques You Need to Know

Top Financial Analysis Tools and Techniques You Need to Know

At its most basic, financial analysis can be defined as a way to analyze the strengths and weaknesses of an organization’s financial position. Data is collected from certain financial records and then analyzed to understand how a business is paying its debts, if it has enough capital to invest and

What are the Key Success Factors for Accountants?

What are the Key Success Factors for Accountants?

Today, accounting firms have to face a number of challenges, not the least of which are regulations on international and domestic fronts that are becoming increasingly more stringent with the increase in fraud. However, in the wake of these, the biggest challenge is attracting, acquiring and retaining the right kind of

Why the Financial Industry CFO Should Look for Great Hires in These 5 Industries

Why the Financial Industry Should Look for Great Hires in These 5 Industries

As the shrinking unemployment rate continues to drain the talent pool, a shortage of talent in many corporate functions and industries exists. For many finance departments, the problem may be a little different because if they were looking for applicants with technical skills, they would be overwhelmed. In today’s world, CFOs

Is Commuting Affecting the Gender Pay Gap?

Is Commuting Affecting the Gender Pay Gap

The gender pay gap is a cause for concern in almost all industries. It is not something new or unusual and it is not something that people around the world are just waking up to. While the gender pay gap only recently has been given such a name, people have been


Profit Maximization vs. Wealth Maximization in Financial Management

Profit Maximization vs. Wealth Maximization in Financial Management

There are several different ways to approach success of a business. When it comes to how financial management experts perceive success, it often comes down to how much money a business is either making or capable of making. These two approaches are epitomized by the profit maximization method of financial

3 Limitations of Profit Maximization in Financial Management

Limitations of Profit Maximization in Financial Management

Profit maximization is one of the many goals of financial management. While earning a profit is the goal of every business, profit maximization in financial management can put too much emphasis on profits and not enough emphasis on other aspects of the business such as customer retention, social and economic

5 Trends Redefining Finance in 2019

5 Trends in Finance for 2019

The digital transformation movement is underway and affecting all types of industries. As recent trends in banking have shown, the financial sector is undergoing many changes as technology continues to make financial companies more successful and create better relationships with their customers. As technology continues to advance and change organizations,