Comment trouver un équilibre financier ?

How to find a financial balance ?

As your teams grow, so does your business spending. It is therefore essential to create an efficient and effective expenditure management process. 

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An expenditure policy 

The debit card is the preferred means of payment by companies to find a financial balance, but you still have to know how to use it well. Among the bad practices commonly observed, we find several: having a single debit card for all the purchases of your teams, the lack of control of limits and terms of use, no expense vouchers and sharing corporate card data.

By setting a maximum budget for each employee, you avoid unnecessary expenses. Provide a storage space dedicated to paper vouchers, as well as an email address for paperless vouchers. Digitize your expense management with a system to automatically retrieve invoices and include them in your accounting system.

For your employees traveling on business, the Mastercard virtual card is the essential solution for setting spending limits remotely. It automatically integrates into your accounting systems. This card is secured with a unique 16-digit virtual number for each payment.

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Debt consolidation loans 

The debt consolidation loan allows to group all its debts in a single credit and thus reduce its monthly payments. You are therefore extending the repayment period of your contract to allow you to reduce the amount of your new monthly payment. This will better balance the ratio between your monthly current expenses and your revenue.

Taking stock of your financial situation requires a good deal of technical knowledge. That’s why you need to hire a broker during a professional credit gathering. The broker’s mission is to negotiate the best terms, including the lowest credit repurchase rate, and to quickly compare the offers offered. Its role is to help you consolidate your business loans and debts. He can build and study your file before sending it to his banking partners.

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The amortizable loan 

If you purchase a revolving loan, it can be converted into a depreciable loan. Each monthly payment is composed of a part of principal, interest and loan insurance that will have to be repaid gradually throughout your credit. Maturities are determined in advance on an amortization schedule. It gives you an overview of your credit.

Finally, spending management with well-defined levers allows you to scientifically assess your progress, avoid waste, and optimize your productivity and that of your teams.

At KODD Group, we accompany you in the creation or optimization of your business. Whether you are an employee or an entrepreneur, we help you make the right choice to increase your revenue through digital marketing. We are a new generation Media and Agency that promotes the know-how of actors from the fields of fashion, beauty and culture. Our motto is Discovery !
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SINCE 2014, KODD LEADS FASHION, BEAUTY AND LIFESTYLE INDUSTRIES FOR +2000 BRANDS/ARTISTS IN +70 COUNTRIES EITHER +5 MILLION PEOPLE.