Finance

28 posts

Cost-cutting

Cost-cutting Definition – Strategy – Example

What Is Cost-cutting? Cost-cutting occurs when an organization strategically reduces expenditures and directly implements measures to improve profitability. Measures implemented by a corporation to cut costs and expenses while boosting profitability are referred to as cost reduction. These steps are often taken when a company is in financial difficulties or […]

Variable Interest Entity

Variable Interest Entity – What Is a VIE?

What Is a Variable Interest Entity (VIE)? A variable interest entity (VIE) is a legitimate business structure where an investor can have controlling interest without holding majority voting rights. A variable interest entity is a legal corporate structure.  It is established such that a single investor can control the company […]

Is Plaid Safe

Is Plaid Safe to Use? What Is Plaid and Is It Secure?

Is Plaid Safe? Is Plaid safe? Plaid is a reputable company handling sensitive financial data. However, Plaid recently paid $58 million to settle customers’ privacy complaints. Manually integrating your bank account information into each financial services app is a nuisance, to say the least. Conveniently, there are FinTech companies such […]