Claremont has made a number of appearances in the media lately, here are some of the highlights:
What are the things keeping senior finance managers and executives awake at night? The COVID-19 pandemic and resulting lockdown have put many finance departments under even greater pressure than before. Mark Vivian, CEO at Claremont, describes to Finance Monthly how the growing demand for financial services can be met using cloud technology.
Organisations are under pressure to grow revenues and cut costs. Businesses need to be more agile than ever before in order to survive and thrive in today’s economy. There’s also the latest finance regulation (e.g. IFRS16) that needs to be adhered to, or legislative changes that need to be made (e.g. HMRC’s Furlough Scheme). It’s important that the day-to-day running of the finance department can keep going too: invoices continue to be raised, and cash collected. Supplier invoices processed and paid. Employees paid correctly and on time.
The coronavirus pandemic has caused unprecedented levels of disruption to businesses around the world. In the UK, the Government has attempted to mitigate the economic impact of the pandemic via the Coronavirus Job Retention Scheme, whereby businesses are able to apply for a grant to pay furloughed staff up to 80 percent of their full salary.
The scheme has seen huge demand – 140,000 firms applied for cash to pay their furloughed workers within the first eight hours of it going live. However, while the furlough scheme will enable much of the UK’s workforce to keep their job, it does also pose a significant number of administrative challenges for HR and finance departments.
Mark Vivian, who leads the UK business, claims that MSPs like his, with a remote delivery model ingrained in their psyche, will emerge from the pandemic in a stronger position than peers.
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