Practice News

At Lombard we believe that strong credit control is essential for maintaining a healthy and predictable business. Late payments can appear to be an ordinary part of trading, but when overdue invoices become a pattern, they can put pressure on cash flow, increase administrative costs and restrict an…

At Lombard we believe that financial forecasting gives business owners something that historical accounts alone cannot provide: a clearer view of what may happen next. For Irish SMEs, forecasting can help identify cash flow pressure, plan investment, understand upcoming tax liabilities and make bett…

We here at Lombard believe that many SMEs focus closely on obvious costs such as wages, rent and supplier prices while overlooking the financial impact of inefficient processes. Time wasted, errors repeated, unnecessary administration and poor communication can quietly reduce profitability every mon…

We here at Lombard understand that every business owner faces difficult decisions. Whether it is investing in new equipment, hiring staff, reviewing pricing, or reducing unnecessary costs, there is often a temptation to wait for the “right time”. While careful consideration is important, delaying fi…

We here at Lombard understand that pricing is one of the most important decisions any business owner makes. In uncertain markets, where costs fluctuate, customer behaviour changes, and competition can become more intense, getting your pricing strategy right is essential. While many businesses focus…

At Lombard we believe that growth is something every business owner strives for, although expansion can also introduce new financial risks. Rising sales, new customers, and increasing demand often create the impression that everything is moving in the right direction. However, businesses that grow w…

We here at Lombard understand that many business owners naturally focus on increasing sales. Strong turnover is an important sign of growth, although it does not always reflect the true financial health of a business. A company can enjoy record sales while facing serious cash flow pressures that mak…

At Lombard we believe that one of the greatest advantages a business owner can have is knowing not only where the business stands today, but where it is likely to be in the weeks and months ahead. While many SMEs monitor their bank balance regularly, far fewer actively forecast future cash flow. As…

At Lombard we believe that pricing is one of the most powerful drivers of business performance, yet it is often one of the least frequently reviewed. Many SME owners only think about pricing when costs increase or when competitors make changes to their own prices. However, the most successful busine…

At Lombard we believe that growth is one of the most exciting stages in the life of any business, but it also brings new challenges. As turnover increases, teams expand and operations become more complex, business owners need better information to make informed decisions. Unfortunately, many SMEs co…