Managing accounts receivable (AR) days is crucial for maintaining a healthy cash flow. The longer it takes for your customers to pay their invoices, the more strain it puts on your business’s finances. By reducing accounts receivable days, you can ensure a steady influx of cash, improve liquidity, and enhance overall financial stability. How To […]
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Online invoicing is rapidly becoming the standard for businesses worldwide, driven by increasing regulatory mandates and the need for greater efficiency and accuracy in financial transactions. More and more businesses are realising the importance of e-invoicing. Therefore, the push towards online invoicing is becoming more compelling. Poll results In our most recent LinkedIn poll, we
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Traditionally, the supplier-buyer relationship has relied heavily on paper-based invoicing systems. These systems often involve lengthy processes, manual data entry, and frequent errors. Suppliers send physical invoices through mail or fax, and buyers manually process these invoices. This resulted in inefficiencies and strained relationships. However, the dynamics of these relationships have significantly improved with digitalisation
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Managing working capital effectively is crucial for maintaining smooth operations and financial stability. Many companies assume that positive working capital is always better, but that’s not always the case. Sometimes, negative working capital can actually benefit your business, especially in specific industries or under certain circumstances. What does it mean to have negative working capital,
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In this article, we look at what factors are important when selecting a document query workflow solution. Having an efficient document query workflow solution is essential for managing and resolving document-related queries swiftly and accurately. These solutions streamline the process of tracking, handling, and addressing issues that arise during document processing, ensuring that problems are
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Many companies struggle with managing purchase orders manually. This can cause errors, delays, and increased expenses. How can businesses overcome these challenges and ensure their procurement process is a smooth journey? The answer lies in adopting the right purchase order system. A robust purchase order (PO) system can streamline operations, reduce errors, and enhance overall
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