E-Commerce Businesses and Financial Services in Malta
Malta’s stable economy has allowed it to enhance various business sectors, one of which being E-Commerce. Through its initiatives, Malta is steadily becoming one of the leading countries for online marketplaces. The E-Commerce industry has led to the structuring of new business models, which have to be adapted to. ARQ Advisory has closely monitored these developments and has established a specialised team for E-Commerce clients.
Bespoke solutions catered for businesses operating within this industry require different tailor made solutions to ensure financial success. The operational aspects of a various number of businesses have been revolutionised. E-Commerce organisations must remain in line with regards to transactions made especially when it comes to cross-border product/service provision. The swift emergence of this industry has brought forward the ever-evolving notion of Internet Finance. This has belittled the inconveniences of time and space, as money can be transferred to any part of the world in little time. It also eliminates bank related expenses.
Certain Financial Management systems do not integrate appropriately within the E-Commerce industry, which is why tailor-made solutions are ingrained in ARQ Advisory’s approaches. The Advisory unit then liaises with the Accounting unit to ensure successful Financial Management.
One of the main strategies is to ensure that there is potential for good sales and that costs are kept to a minimum. Investing in the right channels will help to increase sales and ensure growth. With an extensive portfolio of E-Commerce clients, ARQ Advisory can provide assistance in the development and growth of such businesses.
The client may also benefit from the Resources unit within the Group in which bespoke services pertaining to the E-Commerce industry may be provided.
For further information contact
David is a Chartered Accountant and a Fellow of the Association of Chartered Certified Accounta... More
6Dr. Fenech has been a practicing lawyer for over 25 years, after qualifying in Malta and obtai... More