The practice of assigning funds to different projects and initiatives within a company is known as budgeting. It is a crucial instrument for efficient organizational planning and control. The budget aids in making sure that resour...
Conventional deduction usually makes choices based on historical trends by analysing prior performance using specified criteria and organized data. Contrarily, artificial intelligence (AI) analytics makes use of machine learning a...
Operational inefficiencies in Accounts Receivables Management hinders a business’ cash flow and overall financial stability. Here’s a look at some top AR Inefficiencies, or should we say ‘Pain Points’ of the AR Management Process ...
In today’s age of B2B relationships where the duration of the relationship is critical, Service Recovery Paradox plays a pivotal role. The Service Recovery Paradox occurs when a customer thinks highly of a company after it has cor...
A formal purchasing process is essential for all businesses, and even more for businesses that wish to scale up without any sudden roadblocks. It, not only, facilitates quicker and more effective purchasing, but also offers transp...
In conventional AR Management Systems, sending out manual reminders to customers about overdue payments and sending out dunning letters are highly dependent on human intervention. The things that helps your AR Teams follow this pr...
The best Accounts Receivables Strategy involves tracking of open receivables before they become delinquent and cause severe cash flow problems. So, if your organization is facing cash flow issues, you know your AR strategy is eith...
Data Analytics for Predictive Insights is assuming far greater importance when it comes to efficiently managing the Accounts Receivables Process. From forecasting customer payment patterns, to spotting possible credit concerns to ...
This would be the question on the minds of most of us because when hear the term ‘blockchain’, we almost immediately think of cryptocurrency (Bitcoin, Ethereum…). Well, there’s more to blockchain than just cryptocurrency. In fact,...