Companies in the automotive parts & accessories stores industry operate physical retail establishments that sell automobile parts, supplies, batteries, and lubricants. The US automobile parts retail industry includes about 37,000 establishments (single-location companies and units of multi-location companies) and is the world’s second largest consumer of auto parts according to Global Insight. The industry is concentrated with the 50 largest companies generating about 60% of industry revenue. The industry is expected to grow at a compound annual growth rate of 3.4% through 2017, to an estimated $273.4 billion, according to the Automotive Aftermarket Suppliers Association. While market potential and opportunities remain vast, the industry will be faced with significant challenges and bottlenecks that need to be mitigated in the most cost effective and efficient manner. Continue reading AUTOMOTIVE STORES ACCOUNTING: CRITICAL SUCCESS FACTORS FOR ENHANCING BUSINESS PROFITABILITY IN 2017 AND BEYOND!
Private Equity firms consider return on their investment as a key determinant while evaluating buying decisions. There are several criterions that go into short listing target companies including favorable market trends, stable and recurring cash flows, low capital expenditure requirements and a strong management team. Interestingly, while all these factors will help to consummate a strategic buyout across the drawing board, however they do not guarantee returns post the acquisition. Continue reading Why Private Equity Firms are reaching out to specialized Finance and Accounting Service Providers?
August, 2017 - The United States has the most advanced technology services industry in the world. According to Financial Times, Silicon Valley groups occupy the top five spots among the world’s most valuable companies. The industry accounts for 7.1% of U.S. GDP and 11.6% of U.S. private sector employment. There are approximately 388,000 software and IT services companies in the United States, of which more than 99% are small, medium and micro sized firms. These firms operate in a mature, stable market which has a reputation for producing reliable and effective solutions that accelerate rapidly to the marketplace. Continue reading Surviving and Thriving: Key Challenges facing SMBs in the Technology Industry
October, 2017 -Today’s economies are radically changing, triggered by the accelerated augmentation of new technologies. Any change in the existing technology or the emergence of any new technology heralds’ the beginning of a creative revolution for that industry. Whether it’s the IT, retail, hospitality, healthcare, or restaurant industry, each sector has to adapt itself to the changing dynamics of the market ecosystem. One such industry which is witnessing a creative revolution is the IT industry and cloud technology is at the center of the transformation of this industry. Continue reading Transition to Cloud Disrupting Resellers Eco-system
outsourcing services DRIVING OUTSOURCING DECISIONS FOR NONPROFIT ORGANIZATIONS
October, 2017 -Nonprofit organizations are significant contributors to the American economy. According to GDP data compiled by the World Bank, the global nonprofit industry were a nation and it would have the sixteenth largest economy in the world. In addition to the economic activity created by nonprofit organizations and the countless services that are delivered by them on behalf of government agencies, nonprofit organizations are also one of the largest employment providers across the country.
Charitable giving in general is closely tied to stock market performance, and the periods of extreme volatility over the last few years have a delayed effect on donors. As a result, many nonprofit organizations saw their personal and donor-advised fund balances decline in the last few years. However, lately charitable giving is on an upward trend and organizations across the sector are reporting increased number of donations, philanthropic help, and volunteers all over the country. Continue reading AMERICANS ARE GENEROUSLY DONATING