Data Analytics in E-commerce – With Real Examples
Data analytics has become an essential component of running a successful business. It’s widely recognized that companies leveraging data and engaging in data-driven decision-making are poised for future success. So, in this blog, we aim to showcase case studies of e-commerce companies that have achieved significant growth by harnessing data analytics. We’ll delve into the […]
Accounting for Self-Insured Balance Changes
Self-insured liability refers to a risk management strategy where a company or individual sets aside funds to cover potential losses from liability claims rather than relying solely on insurance policies. In this arrangement, the entity acts as its own insurance company, accepting financial responsibility for any potential claims or legal actions resulting from accidents, injuries, […]
Change Management: How to Gracefully Manage a Downsize?
Downsizing is undoubtedly a harsh reality of change management. And often, navigating through this challenging decision falls on the shoulders of change managers. Downsizing isn’t just about cutting jobs, though. It’s part of a larger plan to make sure the company uses its resources in the best way possible. Nonetheless, employees will always view this […]
Approval of Visa and Mastercard $30 Billion Settlement: What It Means for Your Business
A recent court-approved credit card settlement between industry giants Visa and Mastercard has caused trembling in the corporate world. It’s a huge development in this already complicated financial landscape. Small and Medium-Sized Enterprises (SMEs) are keen to ascertain the consequences of the $30 billion deal, which has wide-ranging implications. In this blog, we will delve […]
5 Creative Ways to Retain Employees
In this competitive job market, businesses must think creatively to retain top talent and maintain a thriving workforce. This blog post will explore five innovative strategies to keep your employees engaged, motivated, and committed to your organization’s long-term success. From personalized career paths to family-friendly policies, it’s time to supercharge your employee retention game! Offer […]
5 Things To Know Before Hiring a Digital Marketing Agency
In 2024, it’s projected that in the United States alone, approximately 110 million individuals will shop online through social media platforms. This staggering trend accounts for 42% of all internet users in the US. As we all know, the need for digital marketing will only grow in the future, and almost all businesses will need […]
What is the Blue Ocean Strategy?
What if there was a way to avoid all the competition in business? It’s called the Blue Ocean Strategy, where entrepreneurs focus on creating new market space rather than competing in existing markets. It’s like discovering a fresh, uncontested ocean where you can sail without any sharks. Blue Ocean Strategy is a transformative business approach […]
What is XBRL Tagging and Why it Matters?
The development of XBRL began in the late 1990s when a group of experts from accounting, technology, and regulatory backgrounds joined forces. Together, they designed a digital standard – XBRL – using XML, a widely accepted technology for data exchange. After many renditions, XBRL was officially introduced in 2003, and it quickly gained traction around […]
Case Study: Successful ERP Deployment in FMCG Business
Problem: A Pakistan-based FMCG manufacturer encountered operational inefficiencies and inaccuracies within their accounting and financial systems, primarily stemming from limitations in their existing outsourced ERP solution. Background: Following two years of operation, the manufacturer identified critical deficiencies within their financial and accounting processes, prompting them to seek assistance from Hub Digit to optimize workflows and […]
Financial Due Diligence for Acquisition of a Sports Business
Problem: Our existing client, a company specializing in acquisitions, identified an opportunity to acquire a baseball facility. They sought assistance from Hub Digit to conduct comprehensive financial due diligence and assess the feasibility of acquiring the facility. The client aimed to understand the financial health and actual value of the business before proceeding with the […]