Mitigating The Top Challenges Faced by Smaller Businesses
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
FASCINATING HISTORY OF AP/AR
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
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.
In
Read MoreLeveling the Playing Field for SMB Companies
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 for
Read MoreAvoid The Dunning Process
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 a
Read MoreAre You Keeping Up with Other Finance Leaders in Effective Cash Management? – Part 1
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
When Is The Best Time To Pay Your Invoices?
When Is The Best Time To Pay Your Invoices?
There is no one answer to this question. It depends very much on your strategy, the cash flow situation and your credit rating.
DPO vs. DSO – a cash flow consideration: First and foremost, you do not want to pay your vendors quicker
Read MoreHow Automation Affects AP/AR Roles
HOW TRUE AUTOMATION AFFECTS DIFFERENT AP/AR ROLES
A true automation platform brings along with it a plethora of benefits not only for the organization as a whole, but to the individual members of your internal AP/AR team. The following outlines some of the increased efficiencies that it provides as well as