The cash conversion cycle (CCC) is a crucial metric for any business. It measures the time taken to convert inventory and other resources into cash flow from sales. Efficient management of this cycle can significantly enhance a company’s liquidity and financial health. A key component of the CCC is accounts receivable (AR), which represents the […]

Running a business comes with countless responsibilities, one of which is ensuring that invoices are delivered promptly and accurately. Unfortunately, many companies still struggle with manual invoice delivery processes, leading to delays, errors, and frustrated customers. Imagine the impact on your cash flow and customer satisfaction if you could automate this process seamlessly. Enter delivery

In this article, we look at what factors are important when selecting a document cancellation workflow solution. Cancellation workflows manage the process of cancelling, suppressing, holding, or re-sending documents within a business. These solutions help maintain data integrity, ensure compliance with regulations, and provide a clear audit trail for all document-related actions. As organisations move

Every transaction matters – yet, are we using the full potential of data analytics in our accounts payable processes? While the importance of timely payments and accurate record-keeping is widely acknowledged, the utilisation of data analytics to drive insights and optimisations is sometimes overlooked. By focusing on key data points, businesses can identify trends, detect

In this article, we outline 10 best practices for creating professional and effective e-invoices. With the shift towards digitalisation, e-invoicing has emerged as a powerful tool for streamlining financial transactions. When it comes to invoicing, the shift to digital methods offers opportunities for creating sleek, effective documents that enhance your brand’s image. However, creating professional

In this article, we look at what factors are important when looking for an approval workflow solution. Approval workflow solutions are integral to maintaining smooth operations and ensuring that businesses are adhering to established protocols. The process of approving documents and requests need to be reliable and proper so that operations can be kept running