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Beyond Tax: The True Cost of Offshore Strategies
Tax-saving setups combining Cyprus with offshore elements might seem smart—until your accounts get frozen or payments blocked.
Banks flag nominee directors and offshore companies as high-risk, leading to rejected transactions and operational paralysis.
Even “high-risk-friendly” providers come with steep fees and unstable services. Without the right payment and banking strategy, even the best tax plans can destroy your business.
Read my article for more information: https://www.cypruslimited.com/blog/business/beyond-tax-the-true-cost-of-offshore-strategies
Payment and Banking Strategy - Why Asking a Few Simple Questions is Not Enough
Many businesses focus too narrowly on payment vendors and miss the bigger picture when crafting a payment and banking strategy.
Asking a few simple questions isn't enough to address the complex risks and compliance challenges and can seriously hurt your business. Superficial frameworks often focus on the fees and ignore critical elements like data security, technology, operational efficiency, leaving businesses exposed to financial losses, reputational damage, and legal risks.
The Soltesz Payment Framework takes a holistic approach, covering all aspects from risk management to operational efficiency, ensuring long-term success and security.
Read my full article here: https://www.linkedin.com/pulse/payment-banking-strategy-why-asking-few-simple-enough-soltesz-v89ne/
Many businesses focus too narrowly on payment vendors and miss the bigger picture when crafting a payment and banking strategy.
Asking a few simple questions isn't enough to address the complex risks and compliance challenges and can seriously hurt your business. Superficial frameworks often focus on the fees and ignore critical elements like data security, technology, operational efficiency, leaving businesses exposed to financial losses, reputational damage, and legal risks.
The Soltesz Payment Framework takes a holistic approach, covering all aspects from risk management to operational efficiency, ensuring long-term success and security.
Read my full article here: https://www.linkedin.com/pulse/payment-banking-strategy-why-asking-few-simple-enough-soltesz-v89ne/
Payment and Banking Strategy - Why Asking a Few Simple Questions is Not Enough
I recently came across various studies and recommendations (here, here, here, here and here, and even here, just to mention a few) which are being ...
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More Updates From Viktoria
Upvoted by Ariel
Upvoted by 1
Upvoted by Zahra
Upvoted by 1
Viktoria S.
Dec 17, 2024
How Shopper Expectations Are Redefining Business Success
Businesses think having good products at fair prices is enough—but modern shoppers expect much more!
Slow checkouts, outdated payment methods, or limited options cause instant customer loss, damaging both revenue and brand loyalty. If your payment process doesn’t meet their expectations, they’ll leave—no second chances!
Payment is not the FINAL step—it is the FIRST!
It impacts UX, risk management, technology, product development, data security, compliance, finance, and more.
But how to keep up with modern shoppers who demand speed, security, and flexibility?
Read my article for the details: https://www.linkedin.com/pulse/how-shopper-expectations-redefining-business-success-viktoria-soltesz-3qj6e/
Businesses think having good products at fair prices is enough—but modern shoppers expect much more!
Slow checkouts, outdated payment methods, or limited options cause instant customer loss, damaging both revenue and brand loyalty. If your payment process doesn’t meet their expectations, they’ll leave—no second chances!
Payment is not the FINAL step—it is the FIRST!
It impacts UX, risk management, technology, product development, data security, compliance, finance, and more.
But how to keep up with modern shoppers who demand speed, security, and flexibility?
Read my article for the details: https://www.linkedin.com/pulse/how-shopper-expectations-redefining-business-success-viktoria-soltesz-3qj6e/
Viktoria S.
Dec 16, 2024
Why Payment and Banking Can No Longer Be Ignored – The Hidden Business Risk No One Talks About
Most businesses still think payment and banking are just routine tasks managed by their finance or tech teams.
This outdated belief can cause massive financial losses, failed transactions, frozen accounts, and skyrocketing fees—problems that can cripple a company in no time.
I believe that Payment and banking today impact customer experience, risk management, technology, product development, data security, compliance, finance, and more. I argue that it should be considered a standalone function—an essential element of the business strategy, not just a part of finance.
I also think accountants are not adequately trained to manage payment and banking tasks. Key areas, such as how payments and banking affect technology, UX, compliance, and other essential aspects in a business, are absent from accounting, economics courses, and MBAs.
I want a paradigm change and see companies building strategies and scalable systems around payment and banking.
Business should have a holistic approach to their payment and banking setups.
Ignoring them as critical business functions is not just risky—it’s a guaranteed path to operational chaos.
Read my article for more information.
https://www.linkedin.com/pulse/why-payment-banking-can-longer-ignored-hidden-business-soltesz-v1ise
Most businesses still think payment and banking are just routine tasks managed by their finance or tech teams.
This outdated belief can cause massive financial losses, failed transactions, frozen accounts, and skyrocketing fees—problems that can cripple a company in no time.
I believe that Payment and banking today impact customer experience, risk management, technology, product development, data security, compliance, finance, and more. I argue that it should be considered a standalone function—an essential element of the business strategy, not just a part of finance.
I also think accountants are not adequately trained to manage payment and banking tasks. Key areas, such as how payments and banking affect technology, UX, compliance, and other essential aspects in a business, are absent from accounting, economics courses, and MBAs.
I want a paradigm change and see companies building strategies and scalable systems around payment and banking.
Business should have a holistic approach to their payment and banking setups.
Ignoring them as critical business functions is not just risky—it’s a guaranteed path to operational chaos.
Read my article for more information.
https://www.linkedin.com/pulse/why-payment-banking-can-longer-ignored-hidden-business-soltesz-v1ise
Upvoted by Ariel
Upvoted by 1
Viktoria S.
Dec 15, 2024
Payment Data: The Overlooked Asset
When revenue takes a hit, many businesses rush to adjust ads or offer bigger discounts, hoping to bring back customers.
But these tactics often fail because they miss the real issue, which lies in their overlooked reports—their payment data.
Payment data reveals unique information about customers: how they like to pay, how often they return, and how much they spend.
Ignoring payment data means missing critical insights that could boost sales, improve customer experience, and prevent revenue loss.
Read my article for more information: https://www.linkedin.com/pulse/payment-data-overlooked-asset-viktoria-soltesz-qfojf
When revenue takes a hit, many businesses rush to adjust ads or offer bigger discounts, hoping to bring back customers.
But these tactics often fail because they miss the real issue, which lies in their overlooked reports—their payment data.
Payment data reveals unique information about customers: how they like to pay, how often they return, and how much they spend.
Ignoring payment data means missing critical insights that could boost sales, improve customer experience, and prevent revenue loss.
Read my article for more information: https://www.linkedin.com/pulse/payment-data-overlooked-asset-viktoria-soltesz-qfojf
Viktoria S.
Dec 13, 2024
Stuck in the Past: Why the U.S. Still Relies on Checks in a Digital World
The U.S. is stuck using outdated checks while the rest of the world races ahead with instant payments and advanced financial tech.
This old-fashioned practice leaves businesses exposed to rising fraud, delayed cash flow, and unnecessary operational costs. Every check processed is a missed opportunity, weakening competitiveness and risking financial stability.
Without modernizing payment methods, U.S. companies face mounting threats that could severely harm their bottom line.
Read my article for more information: https://www.linkedin.com/pulse/stuck-past-why-us-still-relies-checks-digital-world-viktoria-soltesz-7wgmf/?trackingId=IETkh%2BvgQRUtTDS2Ngc%2BsA%3D%3D
The U.S. is stuck using outdated checks while the rest of the world races ahead with instant payments and advanced financial tech.
This old-fashioned practice leaves businesses exposed to rising fraud, delayed cash flow, and unnecessary operational costs. Every check processed is a missed opportunity, weakening competitiveness and risking financial stability.
Without modernizing payment methods, U.S. companies face mounting threats that could severely harm their bottom line.
Read my article for more information: https://www.linkedin.com/pulse/stuck-past-why-us-still-relies-checks-digital-world-viktoria-soltesz-7wgmf/?trackingId=IETkh%2BvgQRUtTDS2Ngc%2BsA%3D%3D
Upvoted by Zahra
Upvoted by 1