*iStock photo
*iStock photo

On Wednesday, 26th March 2014, KPMG and the Bermuda Economic Development Corporation (BEDC) will host an informative and interactive seminar entitled “Managing Finances in a Soft Economy”. The seminar will be held at KPMG Offices at Crown House, 4 Par-la-Ville Road, Hamilton from 8:30am – 11:00am.

This complimentary seminar and panel discussion focused on “Managing Finances in a Soft Economy” will provide insight into the challenges that *medium-sized businesses face in the current economy. There will be a panel discussion that will include useful tips for identifying opportunities that exist to help you better manage cash flow and how to re-allocate funds as necessary in order to benchmark. Panelists will explore: Cash and working capital management, cost reduction, ratios and benchmarking, how to improve business efficiency and effectiveness and plans and goals for staff engagement. The Honourable Sylvan Richards, JP, MP, Junior Minister for Home Affairs, will give the opening welcome with the Panel discussion being moderated by BEDC Chairman, Nick Kempe. Also in attendance will be KPMG Enterprise Managing Director, Steve Woodward.

Panelist include:

• Tamara Richardson, People’s Pharmacy

• Doug Soares, Expertise

• Lee Simmons, Butterfield Bank

• Greg Muir, KPMG Advisory


Mr. Woodward stated that “This seminar will be a continuation of the efforts to provide the medium sized business sector with helpful information and resources to help business owners withstand the tough economic times. We look forward to continuing to support this sector of the business community and know that the information provided on Wednesday will be timely and informative.”

Refreshments will be served. To confirm your attendance, email rachellinoconnor@kpmg.bm.

*A medium sized business is defined as meeting at least three of the criteria: 1) Annual revenue between $1 million and $5 million, 2) Maximum net assets of $7.5 million, 3) Annual payroll between $0.5 million and $2.5 million, 4) Between 11 and 50 employees, 5) Bermudian owned and operated a minimum of 10 years.