Delays, mistakes, bottlenecks, and additional costs are common issues faced by companies when it comes to traditional paper-based invoicing. They prevent financial operations from functioning smoothly and create instability within a fiscal year. In contrast, e-invoicing is an automated alternative that can bring efficiency to a company. Let’s explore the advantages of electronic invoicing and […]

The cash conversion cycle (CCC) is a crucial metric that measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales. Typically, companies strive to shorten their cash conversion cycles to improve liquidity and efficiency. However, some exceptional businesses manage to achieve a negative

In this article, we look at what factors are important when selecting a document correction workflow solution. Efficient document correction workflows are vital for ensuring the accuracy and integrity of business processes. Document correction workflow solutions enable organisations to seamlessly manage and correct errors in documents, thereby maintaining data quality and compliance. As businesses increasingly

The three way matching process is a critical internal control mechanism in accounts payable that ensures that payments are made only for goods and services that have been properly ordered and received. This process involves matching the purchase order (PO), the goods receipt, and the supplier’s invoice. While three way matching helps prevent fraud and

Transitioning to e-invoicing can bring significant benefits to your business, including improved efficiency, reduced costs, and faster payments. However, the process of switching from traditional paper-based invoicing to electronic invoicing (e-invoicing) can be complex and fraught with potential pitfalls. To ensure a smooth transition and maximise the benefits of electronic invoicing, it’s crucial to avoid

In this article, we look at what factors are important when selecting a document creation workflow solution. Creation workflows streamline the management and approval of documents within a business. They help reduce manual effort, minimise errors, and ensure that documents adhere to business standards and regulatory requirements for various types of documents. Whether the documents