Finance/Accounting Issues That Companies Need to Face in New Era
Finance/Accounting Issues homework help will be needed to students as finance area has undergone many transformational changes with changing business scenario. Globally it is the era of an economic meltdown, and that has created many new problems to finance.
Bank credit investment
Banks will have to credit business as there is a global economic meltdown and the job losses are increasing. Financial institutions like a bank have to ensure that there is no shortage of economic activity due to fund shortage.
In economic meltdown times, the chances are high that there will be less repayment and that can create pressure on bank financial statements. The rise in debts will be termed as bad loans, and that can bleed banks as they are supposed to give interest to savings. This will cause government and other financial institutions to reduce the interest rate on savings.
Normally when savings rates are reduced there will be an increase in spending, but this will not be possible for seniors.
Client service or customer care
People are getting more service oriented, and they would like to get good quality customer service from banks and other financial institutions. There is intense competition among banks to attract new customers and to retain old customers, and the key will be in the way which consumer is given treatment.
Finance/Accounting Issues homework help will cover the subject of customer service in detail and will help in understanding the steps needed to retain customers in a digital era.
Small and medium enterprises will increase
Globally all countries are promoting start-up, and this will increase the number of small and medium enterprises. There is a need for new accounting software’s that meet the need of small and modicum enterprise as there is an increase in the use of cloud accounting
The era of mobile payments has come
Accounting firms and money institutions will have to come out with mobile applications and mobile payment solutions if they are to survive in this new era. The need for a secured payment system that uses finger scanning eye scanning and locking after use is preferred by customers.
The reason is that there is increased cyber threat and fraud that will be covered in detail by Finance/Accounting Issues assignment help by myhomeworkhelp.com.
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