Understanding Different Invoice Types
There is no “standard” format for an invoice, they differ in relation to industries, processes and many other variables. For example, an invoice related to transportation is not formatted the same way or used in the same sense as a retail invoice. Invoices used for services rendered
Top 10 Considerations For the Quintessential AP/AR Solution
Whether you are evaluating a new platform in Account Payable and Account Receivable automation, or simply performing a periodic health check to ensure you are staying competitive, you should consider these 10 factors for the quintessential AP/AR automation solution:
Is it locking youRead More
Mitigating The Top Challenges Faced by Smaller Businesses
Those of us who also work with smaller businesses understand they face a unique set of obstacles. There is a good recent article in Investopedia which highlighted the top competitive disadvantages, it discussed five key areas that are working against smaller companies and
THE FASCINATING HISTORY OF AP/AR
While accounts payable and accounts receivable processes seem to be progressing into a new age, the origin of invoicing dates back all the way to the stone age. It is always interesting to learn where and how this process began and how much it differs from
Leveraging Machine Learning in Finance Operations
Machine learning is a technology that has quickly becoming a topic of interest across a variety of organizations. What is machine learning? What’s so special about it? What is its implication towards finance? What are some use cases? These are the topics we will discuss.
Leveling the Playing Field for SMB Companies
As recent as 2-3 years ago, financial operation automation was a luxury only large corporations could enjoy. There were few affordable solutions available, most optimization were complex and required application developers and process consultants – both were taboos for most SMB.
Take invoice processing forRead More
How the Dunning Process Works and How to Avoid It
Dunning is derived from a 17th century verb (dun) which means demanding payment of a debt, it represents the steps taken to collect overdue balance. As accounts become more overdue, this process can become increasingly invasive.
The first step is normally aRead More
Are You Keeping Up with Other Finance Leaders in Effective Cash Management?
Part 1 – Executive Summary and Drivers for Change
There had been a number of recent studies on what finance executives have done to improve their cash management effectiveness. In a series of weekly articles, we will be providing insights